Vietnam Business News |
- M&A boom in southern markets
- Vietnamese company exports online games to 10 countries
- Trade ministry revokes business license of Mekong Petroleum JSC
- Japanese insurer launches new product in HCMC
- Identifying appropriate pathways, taking swift action
- Dutch investors keen to build international seaport in Van Phong
- Businesses increase investment in Myanmar
- Crushed by high capital costs
- Gov’t strives to keep inflation below 10 pct
- EU, Italy keen to foster trade ties with Vietnam
| Posted: 25 Mar 2012 12:58 AM PDT Mergers and acquisitions are on the rise as investors seek to be more profitable and avoid going bankrupt. Firms make deals to avoid bankruptcy- illustration photo Ho Chi Minh is currently the hub for such deals. One of the first major deals was in 2011, when Singapore’s Dancin Holdings bid for Tan Tao A urban [...]
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| Vietnamese company exports online games to 10 countries Posted: 25 Mar 2012 12:57 AM PDT VTC Online has signed a three-year contract to sell the copyright of two online games in ten European and Latin American nations to Nvia – a Spanish company. Under the contract, Nvia has the right to issue VTC Online's two games, namely Squad and Generation 3 (G3), in Spain, Mexico, Argentina, Chile, Colombia, Venezuela, Peru, [...]
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| Trade ministry revokes business license of Mekong Petroleum JSC Posted: 25 Mar 2012 12:55 AM PDT The deputy minister of Industry and Trade just signed a decision to revoke the export and import license of Mekong Petroleum Joint Stock Co. The company was granted the license in January 2010, and the withdrawal came from the proposal of the company and Vietnam Oil and Gas Group (PetroVietnam) for re-adjusting quotas to affiliates. [...]
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| Japanese insurer launches new product in HCMC Posted: 25 Mar 2012 12:55 AM PDT The Vietnamese arm of the Japanese Dai-ichi Life Insurance Co has held a conference in Ho Chi Minh City to introduce its new product. The product, named An Phuc Hung Thinh (Happy Life – Prosperous Future), is told to have many advantages over other products available in Vietnam. It is profitable since its declared interest [...]
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| Identifying appropriate pathways, taking swift action Posted: 25 Mar 2012 12:54 AM PDT The recent regulatory moves of the State Bank of Vietnam (SBV) showed that Vietnam is ready to face its problems of liquidity, capital safety and bad debts and pursue the primary goals of classifying and allocating credit growth targets for commercial banks, prioritising capital for production and stabilising the economy. Dr Nguyen Thi Mui [...]
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| Dutch investors keen to build international seaport in Van Phong Posted: 25 Mar 2012 12:53 AM PDT Leaders of the Khanh Hoa Provincial People's Committee had a working session with a visiting delegation of Rotterdam International Seaport, the Netherlands, to discuss issues related to the project to build an international entrepôt seaport in Van Phong. Project Development Director of Rotterdam International Seaport, Kees Weststrate, said that he and other members of the [...]
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| Businesses increase investment in Myanmar Posted: 25 Mar 2012 12:53 AM PDT Many Vietnamese businesses are speeding up their investment plans in Myanmar to capitalise on this untapped market. At a joint business forum in Hanoi on March 21, the chairman of the Vietnamese investors association in Myanmar, announced a US$100 million agricultural investment, and expressed his interest in other areas, including the mobile telecom industry. Tran [...]
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| Posted: 25 Mar 2012 12:52 AM PDT Ask entrepreneurs about the toughest challenge facing them now and the answer will be high capital costs. High capital costs became the most highlighted issue during a meeting between HCMC leaders and enterprises earlier this week as well as in a report released this Wednesday by the Vietnam Chamber of Commerce and Industry. According to [...]
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| Gov’t strives to keep inflation below 10 pct Posted: 25 Mar 2012 12:51 AM PDT The Government is trying hard to achieve the single-digit inflation target, Deputy Minister of Industry and Trade Hoang Quoc Vuong said. Speaking to representatives of local and foreign businesses at a business luncheon organized by the European Chamber of Commerce in Vietnam (EuroCham) in HCMC last week, Vuong said the consumer pricing index in the [...]
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| EU, Italy keen to foster trade ties with Vietnam Posted: 25 Mar 2012 12:50 AM PDT Vietnam is a potential market in Southeast Asia, and the European Union and Italy want to increase economic, trade and investment cooperation with this nation. The view was shared by Antonio Tajani, Vice President of the European Commission, Marta Dassu, Under Secretary of State for Foreign Affairs of Italy, and Elisabetta Belloni, Director General for [...]
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