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BUSINESS IN BRIEF 17/9
Internet
seminar to look at Viet Nam
Cloud
computing, big data, mobility and social networks will top the agenda at a
seminar titled Viet Nam Information and Communication Technologies Outlook to
be held in
Information
security on new platforms would also be discussed at VIO 2013, Chu Tien Dung,
chairman of the HCM City Computer Association (HCA), said.
Experts
would provide an overview of new technology trends and applications,
development of ICT infrastructure, and opportunities and challenges in the
country's ICT industry, he said.
Many
local and foreign firms like F5, Cisco, Sao Bac Dau, Trend Micro, and EMC
will display their latest technologies and products.
To be
organised by the HCM City Department of Information and Communication and the
HCA on September 20, the 18th annual seminar will see the participation of
leading local and foreign ICT experts, state agencies, businesses, and ICT
users.
The
HCA also said it would organise a function to give away awards to the
country's top ICT enterprises on September 19, the day it marks its 25th
anniversary.
The
awards are given away every year to recognise, popularise, honour, and
encourage firms in the ICT industry, to promote and raise their competitive
ability.
Foreign
donors have agreed to contribute 857 million euros (US$1,137 million) for the
first stage of the project to build a 8.9-km section of Metro Line No 5
linking
The
HCM City Management Authority for Urban Railways (MAUR) said ADB will finance
US$500 million, EIB 150 million euros, and the Spainish Government 200
million euros. The remaining will be financed by the Vietnamese Government's
counter capital.
This
is the third metro route in
Construction
of Metro Line No 5 is scheduled to start in 2015 to link the Metro Line No 1
(construction of which began in 2012) and Metro No 2 (construction to start
next year).
According
to the HCM City Urban Railway Management Board, after completion, Metro
Routes No.1, 2 and 5 will each carry about 526,000 passengers a day.
Tax
cuts likely for micro financiers
Micro-finance
institutions are likely to be exempted from corporate income tax for two
years, according to a circular drafted by the Ministry of Finance (MoF).
Micro-finance
institutions mainly provide banking services to individuals and households
with low income as well as super small businesses.
Under
the draft, micro-finance institutions licensed by the State Bank of
After
the two years of tax exemption, the institutions would also enjoy a 50 per
cent income tax reduction over the next four years on revenues derived from
micro-finance activities.
The
length of the tax exemption or reduction would be calculated from the first
year the micro-finance institutions had earned taxable income.
Tax
breaks for other micro-finance institutions would be 20 per cent, but the
rate would drop to 17 per cent from January 1, 2016.
Belgian
Minister prepares to study
A
delegation of Belgian seaport experts will pay an official visit to
The
delegation will be led by the transport minister of Flanders, a northern
region of
Speaking
at a recent conference with Nguyen Huu Tin, the city's People's Committee's vice
chairman, Belgian Ambassador to Viet Nam Bruno Angelet asked the city to
provide more information on the potential of the Hiep Phuoc Port.
This
would help prepare for the visit of the transport minister of
Construction
of the
Upon
completion, the port's pier length will rise to 1,800 metres. It will be
capable of clearing about 18 million tonnes of cargo every year.
The
Tin
said the second phase of the
In the
first phase, the river was dredged to a depth of 9.5 metres, allowing the
After
the second phase, when the river is dredged to a depth of 11.5 metres, the
port will be able to receive larger vessels of 50,000-70,000DWT.
The
Once
completed in 2014, the project will help speed up the construction of the
Hiep Phuoc Port.
Of the
VND2.8 trillion (US$134 million) investment, VND2.2 trillion ($105 million)
comes from Belgian Official Development Assistance (ODA) loans and the rest
from the city budget, according to the city's Department of Transport.
Nguyen
Van Cong, deputy minister of Transport, said the project would help increase
connectivity among seaports and enhance logistics and export services in
The
use of the
PM
demands dairy hike explanation
The
Prime Minister asked the ministries of Health and Finance on Thursday to
report the high price of milk on the local market.
A
customer selects a dairy product for her children in
Because
the milk price is not controlled by the Government, dairy companies can
increase prices at any time.
Some
milk products were listed at US$4-5 (VND80,000-100,000) per unit on customs
declarations forms, but were retailed for VND400,000-900,000, according to
the General Customs Office,
The
Pricing Management Department of the Ministry of Finance said the ministry
had not conducted any investigation of milk prices because the product was
not under its control.
Reports
on milk products sent to the department classified those for children under
six as "nutrition products", placing them outside the scope of the
ministry.
In
August, the Ministry of Finance asked the Ministry of Health to provide a
list of companies producing and trading milk products, as well as a list of
certified milk products for children under six years old of which the price
had been stabilised and a list of nutrition foods for children under six.
However,
almost all firms did not call the items "milk products" when
submitting the lists.
In
general, the consumer price index (CPI) is forecast to increase 1 per cent
this month due to several factors, including the rainy season, increasing
demand and higher tuition as the new school year begins.
Meanwhile,
the Ministry of Finance sent official letters to Petrolimex and Dong Thap Oil
and Gas Trading Ltd Company, two petrol dealers, on Thursday to ask the two
firms not to change the current retail prices of oil and petrol.
MoF
planned to cooperate closely with the Ministry of Industry and Trade to
follow fluctuations in oil and petrol prices on the world market in order to
manage prices on the local market.
To
ensure price stability this month, the Pricing Management Department proposed
ministries, sectors, provinces, cities and enterprises continue stabilising
the price of goods and services, ensuring a balance between supply and
demand, organising trade promotion programmes and not increasing prices for
health care services.
Farmers
face fight as rice exports drop off
Rice
exports for September is estimated at about 650,000 tonnes, bringing the
third quarter's total to 1.84 million tonnes, 230,000 tonnes less than
planned.
A Viet
Nam Food Association (VFA) report says enterprises exported 620,532 tonnes of
rice last month for a FOB (free-on-board) value of US$264.34 million, a
year-on-year fall of 32.55 per cent in volume and 33.09 per cent in value.
With
supply outstripping demand, rice exporters have faced considerable
difficulties this year. Recently, the Thai government decided to slash its
rice prices to clear its stock, affecting the rice market in
The
Thai Government has decided to lower the price of inventory rice through
several means, including organising auctions for exporters, auctioning on the
Agricultural Futures Exchanges of Thailand (AFET), selling rice under
government contracts and even selling directly to international traders.
However,
results of such moves have not been as good as expected since demand is weak
and buyers are still cautious about
Buyers
are still waiting and watching the market's movements, as they are not sure
of the prices that the Thai government will accept; and how deep the price
cut will be.
In
general, a strong reduction in Thai rice prices has had global impacts, and
other Asian markets have been particularly affected.
In
addition,
There
is yet another development that is expected to affect the world rice market.
The
Indian parliament has recently passed the Food Security Bill, which is the
biggest national food programme in the world that will support 800 million
people or 67 per cent of the Indian population. The programme is expected to
cost $18 billion.
But
there are concerns over how such a huge programme can be carried out.
Export
prices of Indian rice have reduced much recently, mainly due to a depreciation
of its currency, the rupee, while prices in the domestic market have been
stable, the VFA said.
Demand
from
The
report said that as of August 31,
VN,
A
conference intended to accelerate industry and trade co-operation between
Co-organised
by the Ministry of Industry and Trade's Trade Promotion Agency and the Trade
Office at the Vietnamese Embassy in
Speaking
at the event, the Trade Counsellor at the Vietnamese Embassy in
Recently,
Under
the plan, Dung said that Viet Nam has defined six industries that would be
prioritised for co-ordination with Japan in the near future, including
electronics; agricultural machinery; agricultural and seafood processing;
ship building; the environment and energy saving; and the manufacture of cars
and spare parts.
During
the event, Japanese companies heard about the status of
Phu
Quoc urged to become a special economic zone
The
project to turn Phu Quoc into a special administrative-economic zone is under
scrutiny at a seminar in Phu Quoc island district in the southern Kien Giang
province.
In his
opening speech on September 16, Deputy Prime Minister Vu Van Ninh said Phu
Quoc is a great potential island district. As early as in 2004, the Prime
Minister already approved an overall plan for development of Phu Quoc island
until 2020.
In
order to make new breakthroughs in economic development, the political bureau
of the party central committee has assigned the Government to formulate
projects to build special economic zones such as Van Don in Quang Ninh
province, Van Phong in Khanh Hoa province and Phu Quoc in Kien Giang
province.
The
Deputy PM asked the participating scientists and experts to consider every
possibility of turning Phu Quoc into a special economic zone with new
breakthroughs in terms of institutions and laws. Many argued about whether to
build Phu Quoc into a city late this year or to focus on forming a special
zone in the coming time.
They
also emphasized the need to introduce the special economic zone law into the
Constitution and build a mechanism for Phu Quoc to create competitive
products in the international market.
Shrimp
exports to reach US$2.6 bln in 2013
The
positive forecast has been attributed to the sharply increasing price of
domestic shrimp, which is expected to bring higher profits to shrimp breeders
and accelerate shrimp hatching to ensure a steady supply for export.
The
expected hike in the export value has also been influenced by the US
Department of Commerce’s (DoC) recent confirmation that Vietnamese businesses
trading with the
This
key recognition will also help boost
Vietnamese
enterprises’ turnover from shrimp exports is now at least US$250 million per
month.
VASEP
have also revealed that
Meanwhile,
shrimp exports to the Japanese and EU markets have seen year-on-year growth
of 11% and 3% respectively over the reviewed period.
Vinamilk
plans to build a factory in US
The
Vietnam Dairy Products Joint Stock Company (Vinamilk) is prepared to invest
in building a milk factory in the
After
being licensed by the US Food and Drug Administration (FDA) to export its
products to this potential market, the company will build a milk factory in
the
At
present, Vinamilk has a powdered milk factory in
Lien
said Vinamilk plans to invest not only in the
Finance
Ministry plans tax cuts for micro-finance institutions
Micro-finance
institutions are likely to be exempted from corporate income tax for two
years, according to a circular drafted by the Ministry of Finance (MoF).
Micro-finance
institutions mainly provide banking services to individuals and households
with low income as well as super small businesses.
Under
the draft, micro-finance institutions licensed by the State Bank of
After
the two years of tax exemption, the institutions would also enjoy a 50
percent income tax reduction over the next four years on revenues derived
from micro-finance activities.
The
length of the tax exemption or reduction would be calculated from the first
year the micro-finance institutions had earned taxable income.
Tax
breaks for other micro-finance institutions would be 20 percent, but the rate
would drop to 17 percent from January 1, 2016.
Singapore
group eyes more joint IPs in Vietnam
Talking
to The Business Times, a leading daily newspaper in
He
said his group considers
Sembcorp
is interested in the Vietnamese market regardless of the challenges faced by
inflation, forex and bad debts, Teo said, adding that his group plans to
double its shares from the current 33.3% a thermal electric power plant in
the southern
The
group began construction on the
PM
Nguyen Tan Dung (second, right) and Singaporean counterpart Lee HsienLoong
(second, left) attend the VSIP’s ground-breaking ceremony in Quang Ngai on
September 13.
Teo
said his group will expand operations in
The
daily Today quoted PM Lee as saying that VSIPs in
The
organising board of the 68th trade fair announced on September 14 that Can
Tho City will be an honourable guest at the 69th Accenta Trade Fair in
The
fair which has been held annually over the past 68 years is considered the
biggest trade event in
Governor
of East Flanders Jaw Briers said
Minister
Counsellor to Belgium Vu Ba Phu said the organising board will set aside
1,000sq.m of display for Vietnamese businesses, providing an excellent
opportunity for Mekong Delta provinces and Can Tho in particular, to promote
their products to the international market.
Around
100,000 guests are attending this year’s Accenta fair which runs from
September 14 to 22, and
More
than 200 Vietnamese delegates from 12 European countries have examined ways
to strengthen links and expand operations in this large, lucrative market.
The
The
September 14 forum, held in
Vietnamese
Ambassador to Ukraine Ho Dac Minh Nguyet said the forum demonstrates the
Party and State’s concern for Vietnamese businesses abroad and encourages
them to operate in line with the legal system in their countries of
residence.
Ambassador
to Belgium Pham Sanh Chau said success of overseas Vietnamese businesses
helps raise
He
briefed delegates on new opportunities and challenges which will present when
the
Participants
shared experiences in penetrating European countries.
Pham
Ngoc Chu, head of the overseas Vietnamese businesses association in
Pham
Minh
Participants
watched a video clip introducing successful businesses in
The
eighth forum will be held in
New
plant varieties offer untapped potential
Although
the number of certified new plant varieties every year has increased, many
have not been put into large-scale production, according to experts.
The
Vietnam Academy of Agricultural Science (VAAS) has reported that 161 new
plant varieties, mostly rice strains, were certified by the Ministry of
Agriculture and Rural Development (MARD) in 2011 and 2012.
During
this period, the Cuu Long Delta Rice Research Institute also provided 27 rice
varieties certified by MARD.
The
institute has had 132 rice varieties certified and put into production so
far, according to the institute head, Le Van Banh.
Nguyen
Van Bo, VAAS director, said most plant varieties that are cultivated on a
total area of more than 50,000ha were certified five to 10 years ago.
Most
vegetables, cashew, pepper and soybean varieties that are now being
cultivated were certified more than 10 years ago, he said.
Because
there is no key plant variety for individual regions, agricultural production
has not been equal in quality and has had low competitiveness and brought low
prices, he added.
MARD
Deputy Minister Le Quoc Doanh said the quality of plant varieties must be
improved to increase prices.
Institutes
and government agencies should create rice varieties with high yield as well,
he said.
Mai
Xuan Trieu, Head of the Corn Research Institute, however, noted that the
quality of our new "corn varieties is not lower than corn varieties of
the
The
unstable output of the corn varieties occurred because of improper
implementation of tending, irrigating, and fertilising.
To
increase the country's corn output by one tonne per hectare under the
Government's requirements, cultivation processes must be improved.
MARD
plans to develop groups of plant varieties and advanced farming technologies
for each region, and those that will adapt to climate change and be
environmentally sustainable.
The
country exported US$27.5 billion of agricultural produce last year. Of that
figure, plant produce accounted for 60 percent, according to MARD.
Vietnamese
rice faces disadvantages
Experts
warn Vietnamese rice—one of its major export staples– risks losing its
competitive advantages on global markets unless a long-term quality
improvement strategy is developed as soon as possible.
At a
recent conference in
VFA
Vice President Pham Van Bay said domestic rice exporters are struggling to
overcome excess supplies and global dwindling demand.
Vietnamese
rice volume for export is forecast to fall in the coming years
(Photo:vneconomy)
Bay
said there will be a fierce competition among rice suppliers later this year
after
VFA
forecast
Deputy
Minister of Trade and Industry Tran Tuan Anh believes inconsistent quality,
insufficient branding, and volatile prices are all exacerbating the
Vietnamese rice industry’s struggles.
In his
opinion, many rice businesses lack the long-term export investment strategies
required to expand their customer base and connect with processors.
Experts
are also worried Vietnamese rice export volumes will decline from 2014 as
farmers are encouraged to shift to other crops of higher economic value.
The
Ministry of Agriculture and Rural Development (MARD) is planning to
restructure rice cultivation in several provinces, increasing crop diversity
and benefiting farmers.
MARD
Cultivation Department Deputy Head Pham Dong Quang said corn will be a key
rice alternative thanks to high market demand and productivity.
The
plan is expected to be approved by the end of this year. A steep fall in
Vietnamese rice exports will benefit
VFA
has recommended the Ministry of Industry and Trade broaden government-level
trade promotion to support the negotiation and signing of larger contracts.
It
also urged the MARD to draft regulations governing rice stockpiling, thereby
assisting farmers and stabilising market prices.
Deputy
Minister Anh said the industry’s future rests on restructuring production,
developing reputable brands, boosting trade promotion, and exploring emerging
markets.
Other
experts underlined the need to develop larger scale rice cultivation areas;
strengthen links between farmers, scientists, authorities, and traders; and
apply the advanced technologies capable of improving quality and efficiency.
EU
supports Vietnamese localities’ development
An
EU-funded project helping Vietnamese localities develop their economies was
launched in
The
European Union (EU) has contributed 275,000 Euro to the two-year project,
with another 150,000 Euro given by
The
Association of Cities of Vietnam (ACVN), in cooperation with KAS, will
implement the project in a number of provinces and cities nationwide,
including
It is
designed to assist urban authorities expand their administrative capacity and
encourage poverty reduction by helping small businesses.
Ambassador
Dr. Franz Jessen, Head of the EU Delegation to
“We
hope the project will achieve its targets, deliver benefits to Vietnamese
businesses, and offer the Vietnamese Government useful counsel,” he said.
SOEs
asked to report profits
Deputy
Prime Minister Vu Van Ninh asked ministries and ministerial-level agencies to
direct State-owned groups and corporations to report their profits and
dividends.
State-owned
groups and corporations are also required to report how much they receive
from selling State capital shares during the equitisation process.
By the
end of July, the country restructured 5,914 SOEs, equitised 3,990 businesses
and converted 1,924 businesses into one-member limited companies.
Several
big State-owned groups and corporations including Vietnam Airlines,
Vietnamotor and Vinatex will soon hold initial public offerings (IPOs).
Firms
may buy more
US
cotton exporters met with their Vietnamese customers in
Garments
and textiles are a key export item, so the demand for cotton in
The
Viet Nam Cotton and Spinning Association Secretary General Nguyen Hong Giang
said mutual understanding between the
The US
Staple Cotton Cooperative Association has launched a programme to support
Vietnamese customers, according to Hank Reichle, a representative from the
organisation that met on Wednesday with the Viet Nam Cotton and Spinning
Association and the Viet Nam Textile and Apparel Association.
PVF
to delist next week after merger
Shares
of PetroVietnam Finance (PVF) will be delisted from the HCM City Stock
Exchange on September 24 as part of its merger with Western Bank.
A
meeting late last week officially announced the establishment of a new bank
after the merger - PVcomBank.
However,
worries over the future of the bank after consolidation have impacted the
stock. PVF saw heavy sell-off this week, hitting the floor price for three
consecutive sessions.
An
official of PVF, under conditions of anonymity, told the stock market
information website cafef.vn that PVcomBank would meet the trading
requirements of shareholders as expected and ensure maximum shareholder
benefits.
"As
each party in the merger has particular strengths, PVcomBank as a large-scale
credit institution [with approximately VND100 trillion (US$4.7 billion) in
total assets and VND9 trillion ($424.5 million) in charter capital] will
operate effectively," he said.
He
also revealed that his bank would manage to list shares again. "The
share value of the bank will quickly restore sustainable growth," he
said.
"PVcomBank
has full conditions for listing," he affirmed. "The managing board
will decide when to go public on the basis of balancing the long-term
development of the bank and benefits of shareholders."
As the
delisting is just a legal procedure, all the rights and interests of
investors are secured by law. The payment of dividends and information
disclosure will operate normally.
After
delisting, PVF shares will be traded on the over the counter (OTC) market.
The HCM City Stock Exchange will have to choose another blue chip to fill in
the list of the 30 largest shares tracked by the VN30.
But it
also means that PVF will be rejected from two exchange-traded funds.
According to data on September 6, PVF shares accounted for 1.24 per cent of
the total portfolio value of FTSE Vietnam.
Additionally,
in Market Vectors Vietnam ETF, updated as of September 12, shares of PVF held
by the fund reached almost 14 million worth $3.35 million. — VNS
In
addition, securities firms will cut margin trading on PVF, creating large
sell-offs. The losing streak of PVF shares will probably continue until the
delisting.
PVF
closed yesterday's session at just VND4,900 ($0.2).
With
its focus on "Re-engineer Advertising," AdAsia 2013 will be a great
opportunity to promote
In
2009, two years after it joined the Asian Federation of Advertising
Association (AFAA) as a member, Viet Nam Advertising Association won the bid
to host AdAsia 2013 in
More
than 1,000 delegates from AFAA member countries and territories, world
leading media and advertising corporations and representatives of trade
promotion chambers from Asia and the world are expected to participate in the
event, which is organised every two years in member countries.
AdAsia
2013, with a budget of US$2 million, will attract more than 20 world renowned
speakers including famous author David Allen Aaker; Don Peppers, founding
partner of Peppers & Rogers Group; Edward Pank, managing director of Warc
Asia; Nigel Hollis, vice executive president and chief global analysis of
Millward Brown; and Rose Tsou, Yahoo's senior vice president, Asia-Pacific.
VTV,
VNPT team up for overseas package
Viet
Nam Television (VTV) and VNPT Global Joint Stock Company last week reached a
strategic cooperation agreement to enable Vietnamese viewers worldwide to
watch domestic television channels.
This
will be the first time a copyrighted Vietnamese TV channel package is
distributed to Vietnamese communities around the world. The package includes
channels on general news, movies, financial and economic information,
entertainment, health and travel.
Viewers
can find on these channels latest and diverse news about the country. The two
sides have plans to add more channels in the coming years.
VTV
and VNPT Global will resort to the Over the Top (OTT) broadcasting solution,
which has become popular among users across the world. Using this solution,
TV viewers can watch their favorite programmes using various devices such as
set-top-box, Internet TV, laptops, smartphones and tablets.
Mobile
phone purchases continue to rise
The
latest quarterly report on the Vietnamese market from the International Data
Corporation (IDC) showed that 5.8 million mobile phones were delivered in the
country in the second quarter of 2013.
Smart
phone accounted for 32.7 per cent, two times higher than that in the same period
last year.
The
IDC statistics showed the rapid development of the Windows Phone operating
system, which stood at the second place with 15.3 per cent in Q2/2013. This
operating system increased 119 per cent, from 5.7 per cent in Q2/2012.
The
Android operating system tops the Vietnamese market with 82.2 per cent, while
Apple's iOS took the third spot with only 1.6 per cent. .
VN
e-commerce firm wins regional award
Ngan
Luong, a member company of pioneering Vietnamese e-commerce group, Peace Soft
Solutions Corporation, seized the Red Herring 100 Asia award with its mobile
payment solution MobiPay in
MobiPay
is the first service in
The
platform supports two payment methods. It allows customers to transfer money
to sellers from bank cards linked with their mobile phone numbers; and also
allows customers to swipe bank cards into a card reader attached to sellers'
mobile phones.
Sticking
to copyright rules can help exports
Compliance
with copyright rules can help create competitive edges in export deals,
according to the Viet Nam Competition Authority.
It
said that adherence to software ownership rules would, in the long run, be
beneficial to businesses involved in global competition, market expansion,
brand building and sustainable exports, particularly since
A
recent study indicates that a 1 per cent increase in the use of licensed
software in
Tarun
Sawney, senior director, Antipiracy, Asia-Pacific, Software Alliance (BSA)
said that using legal software provided low regulatory risks and protection
from penalties found during audits and reviews.
He
said a new software product called Verafirm had been created by his
organisation. He said it helped companies improve the control of their
business while complying with Vietnamese and international laws and
regulations.
"Verafirm
not only makes it easier for companies to keep tabs of their software assets,
but helps them achieve better competitiveness by putting information
technology to better use," he said.
"Transparency
and quality control in exports using digital technology have now become the
norm for developed countries. Verafirm is a non-profit endeavour supported by
major software publishers.
Spain-Vietnam
trade on the rise
Two-way
trade between
Of the
total, Vietnamese exports fetched EUR930 million, up 13%, and its imports
increased nearly 18% to EUR122 million.
Its
key imports include chemicals, machinery, electrical equipment, aircraft,
plastics, tanned hide, pharmaceuticals, and animal feed.
Bilateral
trade reached a record high of EUR2 billion in 2012, a year-on-year increase
of 19.4%.
Quang
Ngai urged to attract more investment
Prime
Minister Nguyen Tan Dung has asked the central
During
the September 13 working session with key provincial leaders, Dung said that
besides boosting industry, Quang Ngai should also advance the agricultural
sector through increasing application of technology in production to enhance
the productivity, quality and competitiveness of products.
Noting
that the ratio of poor households in Quang Ngai remains high at 17%, the PM
urged the locality to pay more attention to poverty reduction measures, while
focusing more on vocational training and human resources development to meet
the labour requirements of local industrial parks.
In
addition, he asked the province to continue implementing the programme of
building new-style rural areas, thus increasing local people’s income, while
improving its investment environment, intensifying administrative reforms and
ensuring social welfare.
Dung
also gave his opinions on the proposal to develop Ly Son island district and
the construction of Tri Binh-Dung Quat road, a key transport project.
Praising
the efforts that the province has made over past years, the PM said its
comprehensive achievements seen in all fields have made positive
contributions to the socio-economic development of the whole country.
It was
reported at the working session that Quang Ngai's GDP in the January-June
2013 period rose 13.6% year on year, industrial production 27%, and earnings
40.43%.
In the
last months of this year, the province will continue easing business
difficulties, improving its provincial competitiveness index (PCI), and
creating a favourable environment for investors.
Deputy
PM Hai made the remarks at the reception for Jin Yong Cai, Executive Vice
President and CEO of the IFC, a member of the World Bank Group, in
He
said that the IFC’s increased investment has been enjoying practical and
effective results.
Jin
Yong Cai affirmed that IFC is always willing to support
He
also expressed his interest in the establishment of the Public-Private
Partnership model in building infrastructure, and pledged to assist
He
stressed that IFC can not only act as an investor, but also call on other
investors and companies to invest in Vietnam.
Source:
VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
|
Thứ Hai, 16 tháng 9, 2013
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