Friday, January 23, 2015

The Business Times: Viettel to invest in Myanmar

The Business Times: Viettel to invest in Myanmar

Link to Vietnam Business News

Viettel to invest in Myanmar

Posted: 23 Jan 2015 12:00 AM PST

Viettel Global Investment JSC (Viettel Global), a subsidiary of Viettel Group, has approved a resolution to invest in a telecommunications company in Myanmar with the total registered investment capital of $1.8 billion, according to the company's website. Accordingly, Viettel Global, which is in charge of the implementation and management of overseas projects of Viettel Group, […]

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Rising smuggling challenges market monitors

Posted: 22 Jan 2015 11:59 PM PST

The trading of smuggled and counterfeit goods in HCMC is on the rise, challenging local market monitors, according to the city's market monitoring agency. The agency said in a report released on December 30 that most of the goods were consumer goods, equipment and spare parts imported illegally from China. Last year, the agency inspected nearly […]

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Remittances to HCM City top $5 billion

Posted: 22 Jan 2015 11:58 PM PST

Vietnamese living abroad remitted over US$5 billion to HCM City last year, 4.2 per cent higher than in 2013, according to figures released at a meeting held by the city’s Committee for Overseas Vietnamese yesterday, Jan 21. Since 1993, total remittances through official channels have amounted to nearly $96.7 billion, or an average $4.4 billion […]

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Local authorities vie for Samsung investments

Posted: 22 Jan 2015 11:57 PM PST

Economists have repeatedly called on local authorities to give preferential policies to Samsung, one of the biggest investors in Vietnam. Phan Huu Thang, former head of the Foreign Investment Agency (FIA), and now deputy chair of the Vietnam Foreign Invested Enterprises' Association, said that Samsung has proposed to enjoy three additional investment incentives – the […]

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Cheap Vietnam stocks are set to rise to 7-year high

Posted: 22 Jan 2015 11:31 PM PST

Vietnam's stock strategists say the benchmark index will jump to a seven-year high this year as accelerating economic growth boosts earnings and the cheapest valuations in Southeast Asia lure investors. The VN Index will advance to about 655 by the end of 2015, or 15 percent from its closing level yesterday, according to the average […]

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Facts and figures about veteran Vietnamese CEOs

Posted: 22 Jan 2015 11:31 PM PST

Most seasoned Vietnamese businesspeople were born in the 1960s and are aged between 46 and 55. The majority of the CEOs of VNR500 enterprises are experienced in their fields with 41.5 percent of CEOs between 46 and 55, and 31.7 percent of CEOs over 56. Meanwhile, young CEOs, i.e., those who were born in the […]

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Wave of bankruptcy of seafood producers

Posted: 22 Jan 2015 11:30 PM PST

Many seafood processing companies in southwestern provinces of Vietnam have gone bankrupt, resulting in the instability of the largest aquaculture area of the country. In late 2014, many more bosses of seafood processing firms in the region were arrested for investigations of “swindling appropriate assets”. The first case was Mr. Tran Tan Hai, former director […]

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State – enterprise relations and industrial growth in Vietnam

Posted: 22 Jan 2015 11:29 PM PST

Industrial development of Vietnam has been a success but it has been proceeding at a slower level in recent years. Between 1986 and 2012, the growth rate of industrial added value was at a high level, averaging 8.3%. International competitiveness of the processing industry significantly improved and its products became quite diverse. After nearly three […]

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VN firms ready for ASEAN integration

Posted: 22 Jan 2015 11:29 PM PST

Many Vietnamese firms have prepared well to grab the opportunities that will arise from the establishment of the ASEAN Economic Community at the end of this year as well as to cope with challenges, experts have said. Nguyen Trong Hoa, director of the HCM City Institute for Development Studies, said the AEC would usher in […]

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New IZ master plan to boost efficiency

Posted: 22 Jan 2015 11:28 PM PST

The Vietnamese government last year made changes to the development plans for industrial zones in 47 cities and provinces nationwide to facilitate more effective land usage and investment climate. Tran Duy Dong, director of the Ministry of Planning and Investment's Economic Zones Management Department, talked with VIR's Nhu Ngoc on how the adjustment would affect […]

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