Vietnam Business News

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• Vietnam Tourism Awards to honour 50 businesses
• Vietnam, Bulgaria to boost trade cooperation
• Products unsalable, retail premises left idle
• Ship owners warned against using ships too old
• Auto sales rise 10 percent
• Firms urged to boost quality of financial staff
• Oil giant completes trifecta of business targets
• Rising exports help narrow trade gap
• HCM City workshop urges trade facilitation measures
• Vietbuild 2011 opens in Can Tho

Vietnam Tourism Awards to honour 50 businesses Posted: 11 Oct 2011 10:33 PM PDT The Vietnam National Administration of Tourism (VNAT) has announced the Vietnam Tourism Awards 2010 will be presented at a ceremony on October 17 at the Hanoi Opera House. The awards, the highest distinction in the tourism sector sponsored by VNAT and the Vietnam Tourism Association, will honour 50 outstanding travel agencies, hotels and hospitality services [...]

Vietnam, Bulgaria to boost trade cooperation Posted: 11 Oct 2011 10:32 PM PDT The Vietnam Chamber of Commerce and Industry (VCCI) and the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA) hosted a forum in Hanoi on Oct. 11 to boost Vietnam-Bulgaria cooperation in trade and investment. Addressing the event, Boriana Mintcheva, Head of BSMEPA International Cooperation and Project Division highlighted the competitive edge of the Bulgarian economy [...]

Products unsalable, retail premises left idle Posted: 11 Oct 2011 10:31 PM PDT A lot of retail premises on advantageous positions in the central areas of big cities, which were thought to be very difficult to lease, have been left idle. Since the demand is too weak, retailers had to give business premises back to owners and left. One of the most noteworthy things in the Q3 market [...]

Ship owners warned against using ships too old Posted: 11 Oct 2011 10:30 PM PDT Vietnamese ships appear on Tokyo MOU's black list which includes the ships of 10 countries in the world, because the ships are believed to be unable to satisfy the requirements for operation. According to the Vietnam Maritime Bureau, in the first eight months of 2011, PSC (Port State Control) at the seaports in Asia Pacific [...]

Auto sales rise 10 percent Posted: 11 Oct 2011 10:30 PM PDT Domestic auto sales have increased by 10 percent year on year, totalling 10,031 units in September, according to the Vietnam Automobile Manufacturers' Association (VAMA). Passenger cars revealed the highest growth rate with a total of 4,150 units sold, up 51 percent from a year ago. Last month, VAMA members introduced only one new car to [...]

Firms urged to boost quality of financial staff Posted: 11 Oct 2011 10:29 PM PDT Talent management has been high on the agenda for chief finance officers (CFOs), according to a global study of best practices in talent management at businesses. "Our findings showed that less than 20 percent of organizations have a talent strategy that fully integrated talent identification, development and retention activity across the finance team," said president [...]

Oil giant completes trifecta of business targets Posted: 11 Oct 2011 10:29 PM PDT The national oil and gas group, PetroVietnam, earned a total revenue of VND493 trillion in the past nine months of the year, reported its deputy general director Le Minh Hong at a meeting on October 11. Hong said the group has completed three business goals for the year ahead of schedule. These targets are related [...]

Rising exports help narrow trade gap Posted: 11 Oct 2011 10:28 PM PDT Exports have risen 35.4 percent since the beginning of this year to US$70 billion, the Ministry of Industry and Trade (MoIT) told a conference in Ho Chi Minh City on October 11. The domestic export sector accounted for US$31.9 billion, up by a third, and foreign firms for US$38 billion, a growth of 37.5 percent. [...]

HCM City workshop urges trade facilitation measures Posted: 11 Oct 2011 10:28 PM PDT Vietnam must develop trade facilitation measures to enhance its export competitiveness, experts said a workshop held in Ho Chi Minh City on October 11. Pham Minh Duc, senior economist at the World Bank in Vietnam, said that "an export-led growth model is still the most suitable strategy for Vietnam because exports are expected to boost [...]

Vietbuild 2011 opens in Can Tho Posted: 11 Oct 2011 10:28 PM PDT The third International Exhibition of Construction, Building Materials, Housing and Interior Decor (Vietbuild) 2011 opened in Can Tho on October 12. The event attracts 300 units from 9 countries such as the Republic of Korea, Japan, Indonesia, China, Germany, Italy, Thailand, Malaysia and Vietnam. There are 400 stalls displaying building materials, smart building designs, pottery [...]

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