Tuesday, March 24, 2015

The Business Times: FDI drop not to be taken in isolation

The Business Times: FDI drop not to be taken in isolation

Link to Vietnam Business News

FDI drop not to be taken in isolation

Posted: 23 Mar 2015 07:53 PM PDT

Total new and supplementary foreign direct investment (FDI) capital reached US$1.192 billion in the first two months of this year, a drop of 22.5% compared to the same period last year. However, Minister of Planning and Investment Bui Quang Vinh said that assessing FDI attraction needs to base on the whole process. Difficult beginning According […]

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Ecuador, Vietnam record strong increase in bilateral trade

Posted: 23 Mar 2015 07:52 PM PDT

Two-way trade between Vietnam and Ecuador reached US$659 million in 2014, a year-on-year record increase of 83%, according to statistics released by the Central Bank of Ecuador. The Latin-American country exported goods worth US$625 million to Vietnam, up 93%, and imported about US$33.9 million, down 9%. Vietnam shipped to Ecuador mainly data processing devices, smart […]

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Vietjet Air welcomes first A321 aircraft

Posted: 23 Mar 2015 07:52 PM PDT

On March 22, the first A321 aircraft of the low-cost carrier Vietjet Air-Airbus' 9000th aircraft coded VN-A651 landed at Tan Son Nhat International Airport. The fifth aircraft is from the order for purchasing and leasing 100 planes between Airbus and VietJet. The new aircraft was financed by France's BNP Paribas Bank from France and Japan's […]

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VinaCapital partners-up on new South Hoi An deal

Posted: 23 Mar 2015 07:43 PM PDT

After over two years of searching, Vietnam-focused asset management firm VinaCapital has finally found prestigious partners including Macau-based SunCity Group and Hong Kong-based Chow Tai Fook Enterprises Ltd to replace Malaysia's Genting Group for their proposed US$4 billion integrated casino resort in Quang Nam province. A source at the Chu Lai Economic Zone Authority, Quang […]

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SBV: Vietnam welcomes US investors with open arms

Posted: 23 Mar 2015 07:42 PM PDT

The State Bank of Vietnam (SBV) is willing to create a more transparent and attractive business environment in order to persuade US enterprises to operate in Vietnam, SBV Vice Governor Nguyen Thi Hong has said. During her recent working session with Alexander C. Feldman, President of the US-ASEAN Business Council, Hong said SBV encourages voluntary […]

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Ministry seeks to remove anonymity of Vietnamese rice

Posted: 23 Mar 2015 07:41 PM PDT

The Ministry of Agriculture and Rural Development has submitted a plan to the Government that seeks to develop a Vietnamese rice brand name by 2020. For long now Vietnam has been one of the top three rice exporting nations, but it lacks brand names that are known in the global market, the ministry has said […]

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Vietnam plans aviation expansion

Posted: 23 Mar 2015 07:41 PM PDT

Vietnam is aiming to expand its aviation industry to being ranked fifth in the East Asia region by market share. This has been envisioned in a draft project for air transport, submitted by the Civil Aviation Authority of Vietnam (CAAV). Accordingly, air transport for passengers and goods would make up for 3.23% and 0.04%, respectively, […]

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Vingroup launches into organic farming

Posted: 23 Mar 2015 07:40 PM PDT

Vingroup has announced a strategic investment into the agriculture sector of Vietnam with the formation of a wholly owned subsidiary, VinEco, infused with VND2,000 billion of charter capital. Vingroup is excited to be able to expand our presence into the agriculture marketplace and become accessible to the nation's farmers, a company spokesperson said in making […]

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Lam Dong strives to be main supplier of farm produce for Japan

Posted: 23 Mar 2015 04:41 PM PDT

With favourable natural conditions and a temperate climate, the Central Highlands province of Lam Dong is well suited to become a leading supplier of farm produce for Japan, one of the most promising market in Asia, as heard at a workshop in Da Lat resort city on March 23. Jointly organised by the provincial People's […]

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Asia’s About to Spawn a New Tiger Economy: Good Morning, Vietnam

Posted: 23 Mar 2015 08:42 AM PDT

Perched along one of the world's most crucial shipping routes, and with a young and growing population, Vietnam is — once again — being tipped for economic lift-off, after years of disappointment. Money pouring into the Southeast Asian economy from the likes of manufacturers Samsung Electronics Co. and Intel Corp. is giving Vietnam a second […]

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