The Business Times: Vietnam PM calls for tourism overhaul

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• Vietnam PM calls for tourism overhaul
• Exports to the Emirates rise as trade deals flourish
• Vinamilk set to invest in US milk production
• Lack of raw materials puts foreign drug firms off production
• Vietnam considers setting up a ministry to manage SOEs
• VNPT, Viettel rule telecoms market
• Big names set to draw crowds at motor show
• Casino eco-resort project approved in Phu Quoc
• Local businesses explore milk market potential
• Vinashin to lay off 14,000 workers

Vietnam PM calls for tourism overhaul Posted: 18 Sep 2013 12:53 AM PDT Facing a decline in tourism growth, the government has announced its intention to crackdown on petty thieves, aggressive vendors and extorters, as well as establishing a tourism police force. Xiechao Yang had a frightening experience taking a taxi from Hanoi's Old Quarter back to his hotel on Hang Trong Street on August 8. After Yang [...] The post Vietnam PM calls for tourism overhaul appeared first on Vietnam Business News.

Exports to the Emirates rise as trade deals flourish Posted: 18 Sep 2013 12:51 AM PDT HA NOI (VNS) — Viet Nam’s exports to the United Arab Emirates (UAE) topped US$2.29 billion in the past seven months, up 111 per cent against the same time last year, according to the Ministry of Industry and Trade’s Africa-Western Asia-Southern Asia Department. Cell phones and spare parts showed the strongest turnover at $1.92 billion, [...] The post Exports to the Emirates rise as trade deals flourish appeared first on Vietnam Business News.

Vinamilk set to invest in US milk production Posted: 18 Sep 2013 12:48 AM PDT HA NOI (VNS) — Viet Nam Dairy Products Joint Stock Company (Vinamilk) plans to invest in a milk factory in the US, according to the company’s chairwoman Mai Kieu Lien. The decision follows recent approval given to Vinamilk by the United States Food and Drug Administration (FDA) to export their products to the US, Lien [...] The post Vinamilk set to invest in US milk production appeared first on Vietnam Business News.

Lack of raw materials puts foreign drug firms off production Posted: 18 Sep 2013 12:45 AM PDT Though the pharmaceutical market is expected to see rapid growth, foreign companies are not interested in investing in drug production, leaving Vietnam heavily dependent on imports. The country's pharmaceutical and healthcare sectors are set to see strong growth, albeit from a low base, given the bullish outlook on the economy and rising affluence. Besides, the [...] The post Lack of raw materials puts foreign drug firms off production appeared first on Vietnam Business News.

Vietnam considers setting up a ministry to manage SOEs Posted: 18 Sep 2013 12:42 AM PDT State owned enterprises (SOEs) which have been heavily criticized for the ineffective operation, would be put under the management of a committee or a specific ministry instead of the governing ministries as currently. The Ministry of Planning and Investment (MPI) has suggested to the government two SOE management models which it believes would help improve [...] The post Vietnam considers setting up a ministry to manage SOEs appeared first on Vietnam Business News.

VNPT, Viettel rule telecoms market Posted: 18 Sep 2013 12:39 AM PDT HA NOI (VNS) — Recent statistics have shown Viet Nam Posts and Telecommunications Corporation (VNPT) and Viettel are dominating the country’s telecommunications sector. Data from the Viet Nam 2013 White Book on information and communications technologies released on Monday by the Ministry of Information and Communications, showed VNPT with 75.4 per cent of the fixed [...] The post VNPT, Viettel rule telecoms market appeared first on Vietnam Business News.

Big names set to draw crowds at motor show Posted: 18 Sep 2013 12:37 AM PDT HCM CITY (VNS) — The ninth Viet Nam Motor Show on October 23-27 will showcase the latest vehicle models, engines and advanced technologies, organisers announced at a press conference yesterday in HCM City. The show is organised by the Viet Nam Automotive Manufacturers Association (VAMA) in collaboration with authorised car importers in Viet Nam, C.I.S [...] The post Big names set to draw crowds at motor show appeared first on Vietnam Business News.

Casino eco-resort project approved in Phu Quoc Posted: 17 Sep 2013 11:49 PM PDT KIEN GIANG (VNS) — Authorities in the southern province of Kien Giang have approved a casino eco-tourism resort project in Phu Quoc Island District. Foreign investors participating in the bid to develop the project must prove their financial capacity and pledge to invest at least US$4 billion. The casino is designed to cover an area [...] The post Casino eco-resort project approved in Phu Quoc appeared first on Vietnam Business News.

Local businesses explore milk market potential Posted: 17 Sep 2013 11:37 PM PDT Recent market surveys show liquid milk products are destined to stand firm on home turf. The consumption of sterilised fresh milk is on the increase when Vietnamese people are better off and aware of the need for adequate nutrition. Nguyen Phuong Dung, a resident of HCM City says her family drinks fresh milk produced by [...] The post Local businesses explore milk market potential appeared first on Vietnam Business News.

Vinashin to lay off 14,000 workers Posted: 17 Sep 2013 11:27 PM PDT  According to the state-owned shipbuilding company Vinashin's plan to restructure and revamp, the company intends to keep only a workforce of 8,000 workers and lays off nearly 14,000 others. By July 31, the workforce at Vinashin comprised of 26,242 people and Vinashin plans to gradually ease the number by first laying-off 30 percent of redundant [...] The post Vinashin to lay off 14,000 workers appeared first on Vietnam Business News.

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