Monday, March 9, 2015

The Business Times: Vietnam draws attention from FDI firms

The Business Times: Vietnam draws attention from FDI firms

Link to Vietnam Business News

Vietnam draws attention from FDI firms

Posted: 08 Mar 2015 07:59 PM PDT

Several foreign direct investment (FDI) enterprises are planning to develop big projects in Vietnam this year in view of an improved investment environment. Katsuyoshi Soma, general director of Canon Vietnam told Hai quan (Customs) newspaper that the company had achieved significant success in 2014 in Vietnam despite a slow recovery in the world market. This […]

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Number of new realty companies surges

Posted: 08 Mar 2015 07:58 PM PDT

The number of new property trading firms established during January and February this year surged 88.8% from the same period last year, according to the General Statistics Office. The real-estate sector also saw a large number of firms resuming operations, up 52.8% from a year ago. The property sector was also the second most attractive […]

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Acronis to penetrate Vietnamese market

Posted: 08 Mar 2015 07:57 PM PDT

Acronis, the world leader in new generation data protection based in Russia, has announced its expansion plans in Vietnam. This information was shared by Acronis CEO Serguei Beloussov within the framework of the conference on ERP (Enterprise Resource Planning) revolution held in Ho Chi Minh City last week. Acronis has provided reliable cloud backup for […]

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Vietnam-EU pact to deliver the goods

Posted: 08 Mar 2015 07:55 PM PDT

Vietnam is a friendly and reliable partner of the EU and the Free Trade Agreement being negotiated will promote growth for both sides, a senior European Commission official has said. Joseph Waldstein Wartenberg, spokesman for the EC’s Trade Office, told the Vietnam News Agency reporter in Brussels that the signing of the Agreement of Partnership […]

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M&As can help Vietnam auto market flourish

Posted: 08 Mar 2015 07:55 PM PDT

Merger and acquisition (M&A) can help domestic auto makers grow their businesses and increase their competitiveness in the current cutthroat market. Most Vietnamese auto companies are small. They operate in tiny slices of the market involving import services, assembly and distribution. According to market insiders, auto companies must expand in order to catch up with […]

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Steel industry seeks more Gov’t help

Posted: 08 Mar 2015 07:53 PM PDT

The Vietnam Steel Association (VSA) has demanded aid for overcoming difficulties, such as excess supply and growing competition from cheap imported steel that has hit the industry hard. Demand for steel in the domestic market has been slumping for the last few years, exerting considerable pressure on steel companies, the association said. While the total […]

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Credit growth sees Tet spike

Posted: 08 Mar 2015 07:53 PM PDT

Credit activities have developed strongly in the first months of the new year, a positive sign for the economy’s recovery, independent market observers have said. The economy’s credit growth as of February 24 rose by 0.96% compared with the figure recorded late last year, according a source from the Ministry of Planning and Investment. Meanwhile, […]

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Central bank takes over construction bank equity

Posted: 08 Mar 2015 03:55 PM PDT

The State Bank of Viet Nam (SBV) has acquired all the equity of the Vietnam Construction Joint Stock Commercial Bank (VNCB). The development took place following a decision taken by Governor Nguyen Van Binh on March 5. As the central bank had stated a month ago, stakes have been transferred at the price of zero […]

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