Vietnam Business News

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• Trade Minister attends APEC Meeting in Indonesia
• Cement manufacturers want to sell themselves to foreigners
• HAGL Group constructs 4-star hotel in Laos
• FDI businesses urged to create high value added products
• PM to attend 22nd ASEAN Summit
• The original market, where 3 currencies are used for payment at the same time
• Act before it’s too late
• Vietnam may hit 2013 growth target
• Mexico stops Vietnamese shrimp import
• Korea-Vietnam Business Forum 2013 opens

Trade Minister attends APEC Meeting in Indonesia Posted: 20 Apr 2013 01:05 AM PDT Minister of Industry and Trade Vu Huy Hoang will represent Vietnam at an APEC Ministers Responsible for Trade (MRT) Meeting to be held in Indonesia on April 20-21. Delegates will discuss support for multilateral trade and APEC priorities in 2013 – the two main issues host Indonesia has suggested in its programme of action for [...]

Cement manufacturers want to sell themselves to foreigners Posted: 20 Apr 2013 01:02 AM PDT About 20 percent of Vietnamese cement enterprises have been put on the brink of bankruptcy. The solution they most think of now is to sell themselves to foreign investors who would pump money to clear debts and restructure enterprises. Do Duc Oanh, Secretary General of the Vietnam Cement Association, said only 50 percent of cement [...]

HAGL Group constructs 4-star hotel in Laos Posted: 20 Apr 2013 01:02 AM PDT The Vietnamese Hoang Anh Gia Lai Group (HAGL) broke ground for the construction of the four-star HAGL-Vientiane Hotel in Laos on April 19. The 12 storey building will consist of 169 first class, 14 VIP and two VIP deluxe rooms, a conference centre, a meeting hall and a restaurant, as well as recreational and sports [...]

FDI businesses urged to create high value added products Posted: 20 Apr 2013 01:00 AM PDT Vietnam's export turnover increased sharply in recent years, thanks to the great contributions from foreign direct investment (FDI), however, foreign-invested enterprises do not create high value added products. In the first quarter of this year, Vietnam's export turnover reached US$29.76 billion, up 19.7 percent on last year's period. Of that figure, FDI enterprises earned US$17.25 [...]

PM to attend 22nd ASEAN Summit Posted: 20 Apr 2013 12:54 AM PDT PM Nguyen Tan Dung will head a high-ranking delegation to attend the 22nd ASEAN Summit in Brunei from April 24-25. Under the theme "Our People, Our Future Together", the even is the first ASEAN summit to be held this year. ASEAN leaders are expected to discuss ways to speed up the building of the ASEAN Community [...]

The original market, where 3 currencies are used for payment at the same time Posted: 19 Apr 2013 08:27 PM PDT At the Na Meo Market in Na Meo commune of Quan Son district in Thanh Hoa province, buyers and sellers can use three currencies, including Vietnam dong, Lao kip and US dollar, in making payment. The Na Meo Market gathers only once a week, on the morning of Saturday. It is the place where Vietnamese [...]

Act before it’s too late Posted: 19 Apr 2013 08:23 PM PDT Although the national economy managed to weather last year's storm, most small and medium-sized enterprises (SMEs) are still threatened by capital shortages and high inventories. Newly registered businesses fell in terms of both numbers and capital, and the number of dissolved or suspended businesses, mostly SMEs, increased considerably. Vu Quoc Tuan, former President of the [...]

Vietnam may hit 2013 growth target Posted: 19 Apr 2013 08:18 PM PDT A UN agency has forecast that Vietnam will achieve its GDP growth rate of 5.5 percent this year if the country successfully restores confidence in its stuttering economy. In its recent survey, the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) suggested that the country's economic growth has slowed amid cyclical [...]

Mexico stops Vietnamese shrimp import Posted: 19 Apr 2013 08:14 PM PDT Mexico has decided to stop importing shrimps in all forms from China, Malaysia, Thailand, and Vietnam. The government made the decision following the outbreak of the early mortality syndrome (EMS) in order to protect domestic shrimp farming, the Mexican Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food (Sagarpa) said on April 18. Sagarpa asked [...]

Korea-Vietnam Business Forum 2013 opens Posted: 19 Apr 2013 08:13 PM PDT Hundreds of business representatives from Vietnam and the Republic of Korea (RoK) discussed the possibility of establishing stronger partnerships at a joint forum in Seoul on April 19. In his address, Korea Chamber of Commerce and Industry (KCCI) Vice-Chairman Lee Dong-geun said the forum created a valuable opportunity for the two business circles to exchange [...]

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