Vietnam Business News

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• Local car sector in slow lane
• Illegal software users on edge
• Law gets tougher on recalcitrant bosses
• G7 mart chain collapses ‘cause it cannot connect manufacturers
• Floods in Thailand do not bring opportunities to Vietnam’s auto industry
• CAAV affirms Vietnam does not lack parking lots for private aircrafts
• Hai Duong attracts foreign investors
• Vietnam, Argentina seek to boost trade ties
• Vietnam attends ASEAN Finance Ministers’ seminar
• Gold bullion traders face danger of business stop

Local car sector in slow lane Posted: 08 Nov 2011 10:18 PM PST It is hard for local car industry to attract more foreign investment even when Asia's major car manufacturing base Thailand is hardly hit by ongoing drastic floods. On October 31, 2011 Honda Japan plans to curtail half of automobile production in the US and Canada, while halting production at its Philippines-based plant in the aftermath [...]

Illegal software users on edge Posted: 08 Nov 2011 10:17 PM PST Companies that export products in certain American states must legalise their software assets or face lost business opportunities. The message was delivered at a seminar in Hanoi, November 4, 2011 hosted by the Vietnam Chamber of Commerce and Industry (VCCI), legal consulting firm Baker and McKenzie and the Open Computing Alliance (OCA). The State of [...]

Law gets tougher on recalcitrant bosses Posted: 08 Nov 2011 10:17 PM PST The Government issued Decree No 92/2011/ND-CP on October 17, regulating fines for administrative violations in the field of health insurance. Enterprises and organisations that do not pay insurance premiums for the whole applicable employees shall be fined at least VND500,000 for up to 10 employees, VND1-5 million (US$50-250) if the number of applicable employees is [...]

G7 mart chain collapses ‘cause it cannot connect manufacturers Posted: 08 Nov 2011 10:16 PM PST G7 mart chain, developed by Trung Nguyen Joint Stock Corporation, the giant that owns G7 coffee brand, has nearly stopped operation. The biggest problem of the chain, according to economists, is that it cannot connect manufacturers. To date, the G7 Mart chain only has one supervisor and two salesmen who are in charge of distributing [...]

Floods in Thailand do not bring opportunities to Vietnam’s auto industry Posted: 08 Nov 2011 10:16 PM PST The floods in Thailand have had big impacts on the industrial production bases in the country. Will Vietnam be able to catch the attention from automobile manufacturers in their plan to disperse natural risks? Thoi bao Kinh te Saigon has quoted BBC newswire as saying "that the production line of Japanese Honda Motors has been [...]

CAAV affirms Vietnam does not lack parking lots for private aircrafts Posted: 08 Nov 2011 10:15 PM PST Deputy Head of the Civil Aviation Authority of Vietnam (CAAV) Lai Xuan Thanh has reassured the public that the strategy on airport network development of Vietnam also considers the development of the parking lots specifically reserved for private aircrafts. Deputy Head of the Civil Aviation Authority of Vietnam (CAAV) Lai Xuan Than The information that [...]

Hai Duong attracts foreign investors Posted: 08 Nov 2011 10:15 PM PST The northern province of Hai Duong has attracted US$2.56 billion in foreign investment so far this year, representing 23 percent of the entire nation's total FDI capital, according to the provincial Department of Planning and Investment. Malaysia's Hai Duong Thermal Power plant is the largest FDI project in the region, operating via the Build-Operate-Transfer model [...]

Vietnam, Argentina seek to boost trade ties Posted: 08 Nov 2011 10:14 PM PST A delegation from the Vietnamese Ministry of Industry and Trade led by Deputy Minister Tran Tuan Anh paid a working visit to Argentina from November 4-7 to boost industrial and trade relations between the two countries. The visit also aims to prepare for the meeting of the Vietnam-Argentina Inter-Governmental Committee scheduled to take place early [...]

Vietnam attends ASEAN Finance Ministers’ seminar Posted: 08 Nov 2011 10:14 PM PST Finance Minister Vuong Dinh Hue joined ASEAN counterparts at the 8th ASEAN Finance Ministers Investor Seminar (AFMIS) in Jakarta, Indonesia, on November 8. The seminar, themed “Growth and Resilience – the ASEAN Story” focused on investment opportunities, financial markets and ASEAN's economic advantages over other developing regions. Addressing the seminar, ASEAN Secretary General Surin Pitsuwan [...]

Gold bullion traders face danger of business stop Posted: 08 Nov 2011 10:00 PM PST A lot of gold bar traders are facing the danger of business stop and only Saigon Jewelry Joint Stock Co (SJC) may be allowed to trade in this section, according to a new regulation draft on gold management, the local newswire VnExpress reported. Under the draft, only the companies that have chartered capital of at [...]

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