Vietnam Business News

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• HAGL Group conducts ERP with SAP package
• No quality stamp on ‘Made-in-China’ toys
• Domestic market turns back to expensive construction materials
• New model for growth urged
• Conference to focus on restructuring
• Tax breaks for low earners
• Viet Nam Airline customers receive preferential policies
• Vietsovpetro discovers fresh oil at Meo Trang
• City firms start stocking cheap goods for Tet
• Low sales put firms on brink

HAGL Group conducts ERP with SAP package Posted: 25 Aug 2011 11:56 PM PDT Hoang Anh Gia Lai, a major multi-business group in Vietnam, has commenced its Enterprise Resource Planning (ERP) project with solutions provided by a global market leader in enterprise application software – SAP. The ERP project runs on infrastructure with IBM servers and storage equipment consulted and implemented by CSC. HAGL, SAP, IBM and CSC announced [...]

No quality stamp on ‘Made-in-China’ toys Posted: 25 Aug 2011 11:55 PM PDT No quality stamp on 'Made-in-China' toys Many toy shops in Hanoi along Hang Ma, Luong Van Can and Giang Vo Streets are already beginning to stock an assortment of toys in preparation for the forthcoming Mid-Autumn Festival, with no regard to the quality of these toys. Chinese made toys, without quality stamp Most of the [...]

Domestic market turns back to expensive construction materials Posted: 25 Aug 2011 11:55 PM PDT Stockpiles at construction material retailers and producers in Ho Chi Minh City have been getting higher for five consecutive months as consumers were shunned by increasing prices. Nguyen Thi Xuan, owner of a construction material store in Thu Duc District, said sales at the store since April has only reached half of that in previous [...]

New model for growth urged Posted: 25 Aug 2011 11:53 PM PDT Viet Nam should change its economic growth model and restructure the economy to ensure future growth is sustainable, experts said at a seminar held yesterday in HCM City. Organised by the HCM City-based Dream House Real Estate Group’s International Business Knowledge Corporation in collaboration with Viet Nam Institute of Economics, the seminar attracted more than [...]

Conference to focus on restructuring Posted: 25 Aug 2011 11:53 PM PDT The 2011 Viet Nam Finance Conference and Exhibition themed “Restructure national finance: policy challenges, and linking and integrating tendency” would be kicked off in Ha Noi on September 28, organisers said on Wednesday. The eighth Viet Nam Finance, previously named Viet Nam ICT in Finance, will be co-organised by the Ministry of Finance and the [...]

Tax breaks for low earners Posted: 25 Aug 2011 11:52 PM PDT The Ministry of Finance has recently instructed People’s Committees in cities and provinces to implement the National Assembly’s Resolution on tax reduction in order to alleviate difficulties faced by the public and enterprises. Subject to this temporary income tax exemption are employed or self-employed tax payers that fall into the Level 1 bracket. According to [...]

Viet Nam Airline customers receive preferential policies Posted: 25 Aug 2011 11:52 PM PDT From September 1, 14 airlines operating under the SkyTeam alliance, including Vietnam Airlines, will launch preferential policies on baggage allowance aimed at members of frequent flyer elite and elite plus classes. The new policy will help simplify travel by applying a standardised baggage allowance, regardless of differing frequent flyer and rating service participation.

Vietsovpetro discovers fresh oil at Meo Trang Posted: 25 Aug 2011 11:52 PM PDT The Russian-Vietnamese oil and gas joint venture, Vietsovpetro, has announced that it had discovered a new oil supply at its Meo Trang (White Cat) site on Tuesday. The oil was discovered at a depth of 3,350m and measured to produce 250cu.m per day. Vietsovpetro Deputy Director Tran Van Hoi, who is also in charge of [...]

City firms start stocking cheap goods for Tet Posted: 25 Aug 2011 11:51 PM PDT HCM City businesses have kicked off the annual Tet price-stabilisation programme by stocking goods worth VND3.4 billion ($166,000), a city official said. Nguyen Thi Hong, deputy chairman of the municipal People’s Committee, told a meeting with related departments that a similar programme started four months ago to keep day-to-day prices low, has worked, helping stabilise [...]

Low sales put firms on brink Posted: 25 Aug 2011 11:50 PM PDT Honda motorbike dealers have been surprising customers by selling their most-popular model, the Air Blade, at about VND1 million below the list price. The situation is quite a turnaround from two months ago when customers often had to pay up to VND10 million above list to get their hands on one. The dealers are blaming [...]

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