Vietnam Breaking News
Investment
Viet Nam, Russia to foster closer ties in nuclear energy
Russia would co-operate with Vietnamese experts to establish a centre to train staff, experts and engineers in nuclear power plant operations as well as establish a research academy on nuclear energy, said General Director of Russia’s Rosatom State Corporation Sergey Kirienko yesterday. He was meeting with President Nguyen Minh Triet on his visit to Viet [...]
Citi’s Vietnam head gives his views on the country’s outlook
Brett Krause, Citi country officer in Vietnam, talks about the banking sector, investing in Vietnam, and the bank’s plans for the future. What’s your view on the development of Vietnam’s banking sector? One policy measure that has attracted a lot of attention and concern in banking circles is the move to raise minimum capital requirements. [...]
RP can learn from Vietnam’s steel industry
The Philippines can learn a thing or two from the booming Vietnam steel industry, a local player here said. In an interview, Le The Binh, senior manager of Sumitomo Corp. Vietnam LLC said that they have a very aggressive local industry because the local players are investing heavily. He said that the locals are not [...]
Northern Hai Duong province improving investment environment
Soon after Hung Yen, Hai Duong is the second locality of the country to establish Representative of Employers and the Provincial Employer Council. This confirms the determination of government as well as enterprises in improving the labor environment and increasing competitiveness of enterprises and the locality. Vietnam Business Forum’s reporter had an interview with Ms [...]
At local level, there’s no clarity for would-be Viet Kieu home buyers
Revisions to the Housing Law allowing Viet Kieu (overseas Vietnamese) to buy houses freely in Vietnam are not yet in effect, owing to tardy promulgation of implementing instructions. Decree 71, which guides the implementation of the Housing Law, declares that from August 8, 2010, Viet Kieu who have not given up their Vietnamese nationality can [...]
Follow market, says expert
Vietnamese enterprises needed to remain on top of the changes occurring in the EU market to ensure they can continue to export there, delegates told a meeting held in Dong Nai on Thursday. Vietnamese enterprises needed to remain on top of the changes occurring in the EU market to ensure they can continue to export [...]
LG Viet Nam Co likely to earn $250m
LG Electronics Viet Nam Co Ltd is expecting to earn revenue of US$250 million this year, an increase of 22.5 per cent over 2009. The wholly invested South Korean company has been operating in Viet Nam for 15 years. It had an initial investment capital of $20.2 million. The firm sells a wide-range of electronic [...]
VN’s third private air carrier set for take-off
Air Mekong, Viet Nam’s third private air carrier, is scheduled to launch its first flights on October 10. “The Civil Aviation Administration of Viet Nam (CAAV) will finish its checks and appraisal to enable Air Mekong’s operation next month,” the company stated in a press release. “Air Mekong is scheduled to begin selling tickets from [...]
Vietnam remains attractive for foreign investors
Major changes over the past three decades have made Vietnam become an attractive destination for tourists and investors worldwide, according to a report of Research and Markets Company. The company explained that Vietnam’s renewal process since 1986, which is considered as the greatest transformation of the country from its reunification, makes foreign investors understand about [...]
Vinacafe to invest $50M to grow coffee by 2012
The Vietnam National Coffee Corporation (Vinacafe) will invest $50 million to grow new coffee trees from now to 2012, said the company’s Deputy Director Nguyen Van Truong. Vinacafe must improve its coffee trees’ quality as more than 11,000 hectares of coffee, or 55% of the total cultivated area, are old and low quality, Truong was [...]
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