Wednesday, February 11, 2015

The Business Times: SMEs need to revamp strategy for integration

The Business Times: SMEs need to revamp strategy for integration

Link to Vietnam Business News

SMEs need to revamp strategy for integration

Posted: 10 Feb 2015 10:58 PM PST

Small and medium-sized enterprises (SMEs) in Vietnam need step up their efforts and revise their strategy for improving competitiveness in the regional and global supply chains, speakers at a conference in HCM City recently said. They stressed the need for SMEs to take advantage of internal human and financial resources to overcome difficulties and challenges […]

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Calling for foreign investment in Bac Van Phong SEZ

Posted: 10 Feb 2015 10:57 PM PST

Vietnam is an attractive destination for foreign investors. The country's socio-economic achievements can be attributed to their considerable contributions. The statement was made by Vice Chairperson of the National Assembly Nguyen Thi Kim Ngan at a meeting with foreign investors and leaders of Khanh Hoa south-central province in Hanoi on February 9 to call for […]

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Vietnam’s cashew sector sets records in 2014

Posted: 10 Feb 2015 10:55 PM PST

Vietnam's cashew sector set records with its 2014 export revenue exceeding US$2 billion for the first time, securing its place as the world's top cashew exporter for the ninth straight year. The Vietnam Cashew Association (Vinacas) reported that roughly 306,000 tonnes of cashew kernels were shipped abroad in 2014, generating more than US$2 billion and […]

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Vietnam’s outward FDI: Is the tide turning?

Posted: 10 Feb 2015 10:52 PM PST

As of the end of 2014 Vietnam has turned the tide on foreign direct investment (FDI), or at least it seems, with outward FDI approaching US$20 billion, according to the Foreign Investment Agency (FIA). Although Vietnam's cumulative outward FDI is still small compared to many countries around the globe, it is growing at a faster […]

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French firms updated with Vietnam’s economic reforms

Posted: 10 Feb 2015 10:52 PM PST

On February 10, the Vietnam Embassy in France and the French Institute of International Relations (IFRI) co-hosted a seminar on Vietnam's economic reforms and the role of new strategic partners. The event is designed to highlight Vietnam's achievements in various fields during the international economic integration in recent years, introduce the underway reforms by the […]

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EVN seeks shocking price hike

Posted: 10 Feb 2015 10:49 PM PST

By Hieu Minh The Ministry of Trade and Industry has given the go ahead for yet more increases in electricity prices following a plea from the state-owned  Electricity of Vietnam. According to Deputy Minister of Industry and Trade Do Thang Hai, the ministry will officially allow the group to raise prices after a document rubber-stamping […]

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MPI vows to tighten public investment

Posted: 10 Feb 2015 10:48 PM PST

Local authorities and ministries are drawing up large public investment projects, even though the state budget remains modest. The Ministry of Planning and Investment (MPI) has urged local authorities to submit their 2016-2020 public investment plans. MPI Minister Bui Quang Vinh said the first version of the draft must be submitted no later than February […]

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Foreign firms hold beverage aces

Posted: 10 Feb 2015 10:48 PM PST

The domestic beverage market has seen fierce competition as nearly half the market share last year belonged to foreign firms. Chairman of the Tan Hiep Phat Beverage Group Tran Quy Thanh told a conference, held in Ha Noi last week to review the sector’s business results and launch tasks for 2015, that the market shares […]

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Van Don casino-resort to be licensed soon

Posted: 10 Feb 2015 10:47 PM PST

The selection of investors for the Van Don airport and an integrated casino and resort complex in the northern province of Quang Ninh is nearing its conclusion as the local people's committee will make a final decision shortly to allow the construction of both landmark projects in April. Nguyen Van Doc, Chairman of the Quang […]

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OVs-run businesses keen to diversify farm produce market

Posted: 10 Feb 2015 06:53 PM PST

The Ministry of Agriculture and Rural Development (MARD) held a forum in HCM City on February 9 to connect businesses run by overseas Vietnamese to local businesses and strengthen cooperative relations in the agricultural field. The event, which has also served as a bridge to link state management agencies with OVs entrepreneurs, attracted the participation […]

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