The Business Times: Small businesses need innovation and entrepreneurship: consultant

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• Small businesses need innovation and entrepreneurship: consultant
• Generali Vietnam Life Insurance operating in Hanoi
• Bad debts grows 3.94% per month on average in 4m/2013
• Ministry proposes loans for coffee producers
• Local seafood exporters see brighter signs in Q2
• FIEs deliberately defer business re-registration, laws not respected
• Vietnam, Spain boost trade ties
• Developing new shades of ‘green’
• Visitors get cheaper holidays
• Lower steel prices cut into earnings

Small businesses need innovation and entrepreneurship: consultant Posted: 11 Jun 2013 12:08 AM PDT The importance of innovation and entrepreneurship in building small- and medium-sized enterprises was highlighted during a workshop held late last week in Ha Noi. The event was jointly organised by the University of Hawaii’s Vietnam MBA programme and the US Embassy-backed SME Networking and Mentoring project. “Small businesses are responsible for the majority of jobs [...] The post Small businesses need innovation and entrepreneurship: consultant appeared first on Vietnam Business News.

Generali Vietnam Life Insurance operating in Hanoi Posted: 11 Jun 2013 12:06 AM PDT The Generali Vietnam Life Insurance (GVL) has  officially opened its representative office in Hanoi as from June 10. It provides life insurance services with its special products for individuals in the capital city. GVL General Director Simon Lam affirmed that Hanoi is an important market for the company to expand its operation to the northern [...] The post Generali Vietnam Life Insurance operating in Hanoi appeared first on Vietnam Business News.

Bad debts grows 3.94% per month on average in 4m/2013 Posted: 11 Jun 2013 12:06 AM PDT Non-performing loans of local lenders grew on average 3.94% a month in the first four months of 2012, down significantly from roughly 9% in 4M/2012, according to statistics compiled by credit institutions. The growth of bad debts has eased from late 2012 and experienced biggest fall of 12.2% last December. As of end April, bad [...] The post Bad debts grows 3.94% per month on average in 4m/2013 appeared first on Vietnam Business News.

Ministry proposes loans for coffee producers Posted: 10 Jun 2013 10:25 PM PDT HA NOI (VNS)— The Ministry of Agriculture and Rural Development (MARD) is considering extending loans to coffee exporters as the businesses battle losses brought about by a slump in export prices. The ministry said both domestic and export coffee selling prices had fallen sharply in the last three months, causing headaches for coffee firms which [...] The post Ministry proposes loans for coffee producers appeared first on Vietnam Business News.

Local seafood exporters see brighter signs in Q2 Posted: 10 Jun 2013 10:17 PM PDT HA NOI (VNS)— Domestic seafood exporters expected to achieve good business results in the second quarter of this year, according to experts. Seafood exports in the second quarter have seen signs of a recovery thanks to high demand for shrimp and tra fish. Duong Ngoc Minh, chairman of Hung Vuong Joint Stock Company, said demand [...] The post Local seafood exporters see brighter signs in Q2 appeared first on Vietnam Business News.

FIEs deliberately defer business re-registration, laws not respected Posted: 10 Jun 2013 09:47 PM PDT The foreign invested enterprises (FIEs) in Vietnam had five years as stipulated by the laws and two more additional years to make the business re-registration as required by the new investment law. However, many of them did not do this. Laws not observed Nguyen Thanh Hai, a National Assembly's Deputy from Hoa Binh province, when [...] The post FIEs deliberately defer business re-registration, laws not respected appeared first on Vietnam Business News.

Vietnam, Spain boost trade ties Posted: 10 Jun 2013 09:29 PM PDT Two-way trade turnover between Vietnam and Spain in the first quarter of 2013 hit more than 533 million euro, up 9.23 percent against the same period last year. According to preliminary statistics from the Spanish Customs, Vietnam's exports to the country reached over 477 million (up 9.46%) and imports were worth more than 55.9 million [...] The post Vietnam, Spain boost trade ties appeared first on Vietnam Business News.

Developing new shades of ‘green’ Posted: 10 Jun 2013 09:28 PM PDT Many developers nowadays focus on green values to distinguish themselves from others. A range of real estate projects have been developed under green criteria. Among those are Ecopark, Gamuda City and Vincom Village in Hanoi; Phu My Hung, Riviera Cove and Hoa Sen Dai Phuoc in Ho Chi Minh City, and EcoLake My Phuoc in [...] The post Developing new shades of 'green' appeared first on Vietnam Business News.

Visitors get cheaper holidays Posted: 10 Jun 2013 09:24 PM PDT HA NOI (VNS)— A tourism stimulus programme implemented by the Ministry of Culture, Sports and Tourism has slashed the prices of tours in Viet Nam, providing tourists with a wide range of holiday choices at reasonable costs. Initial statistics released by tour operators have shown that the number of tours booked this summer soared up [...] The post Visitors get cheaper holidays appeared first on Vietnam Business News.

Lower steel prices cut into earnings Posted: 10 Jun 2013 09:22 PM PDT HA NOI (VNS)— Domestic steel producers are rushing to slash prices, even cutting them lower than production costs in a desperate bid to stimulate consumption. However, the unhealthy competition has made them suffer losses. Steel inventories have been piling up, forcing steel makers to scale down production. Last month, inventory grew from 320,000 tonnes to [...] The post Lower steel prices cut into earnings appeared first on Vietnam Business News.

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