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BUSINESS
IN BRIEF 15/5
FTA with EU
would boost exports
The Vietnam-EU Free
Trade Agreement expected to be signed by October will bring
"win-win" opportunities of success for both sides' business
communities, delegates told a forum organised in
The EU continued to
be the most important market for many key exports of
Vietnamese exports
to the EU currently enjoy the EU's Generalized System of Preferences (GSP),
which provides developing countries preferential access to the EU market
through reduced tariffs. However, preferential tariffs under GSP are unstable
since GSP is subject to revision every three years, according to Bouflet.
"It is high
time for
"An FTA is
definitely an answer for this as it is a preferential access arrangement for
Vietnamese products contractually guaranteed by treaty," he said.
It would enable
Vietnamese firms to enjoy lower export duties than that offered by GSP when
exporting to the EU because, under the FTA, tariffs on most Vietnamese
products exported to the EU would gradually drop to zero, he said.
The bilateral FTA
would also have a wider impact, including an increase in the flow of quality
investment from
The two sides had
completed seven rounds of negotiation for the bilateral FTA, and the next
round would take place next month, Bouflet said.
He added that the
EU and Vietnamese negotiators had targeted the conclusion of the FTA by
October.
However, to be able
to enjoy the many benefits of the FTA, local companies needed to be aware of
technical barriers to trade imposed by the EU and increase investment to
improve product quality, delegates said.
The EU had many
trade regulations to protect human health and safety, animal and plant life
and health and the environment, Frank Juettner, general director of TUV
Rheinland
They include REACH,
the European Community Regulation on chemicals and their safe use, FLEGT or
Forest Law Enforcement, Governance and Trade aiming to reduce illegal
logging, and IUU, the regulation against illegal fishing.
Vietnamese firms
should spend time studying the EU requirements and adjust their products and
production processes to comply with such requirements, he said, adding that
they should not sacrifice innovation for efficiency.
In addition,
companies were urged to conduct research to understand European consumers'
tastes and demands.
Le Ky Anh, an
expert with the EU delegation to
At the forum, Dang
Hoang Hai, head of the Ministry of Industry and Trade's European Market
Department, advised Vietnamese firms to work directly with and export their
products to EU supermarkets.
Once their products
can enter EU supermarket chains, they can enter other distribution channels
there, he said.
Vo Tan Thanh,
director of the Vietnam Chamber of Commerce and Industry in
Last year,
Vietnam-EU bilateral trade reached US$33.6 billion, a year-on-year increase
of 16 percent, of which
The EU is one of
the biggest investors in
The
"Vietnam-EU FTA: Opportunities and Challenges for the Business
Community" forum was co-organised by the Vietnam Chamber of Commerce and
Industry in HCM City and the delegation of the European Commission to
Vietnam.
Debuting in 2007,
the annual event is held to promote mutual understanding and improve the two
countries' trade and investment activities.
Czech
minister aims to boost trade with Vietnam
Mladek told Hai
that his visiting delegation includes 25 business representatives who wish to
explore the market and seek Vietnamese partners.
To carry bilateral
ties forward, he suggested facilitating visits by senior officials and
resuming cooperation on the education and tourism fronts.
Deputy PM Hai said
he is satisfied that the Vietnam – Czech Intergovernmental Committee has
agreed to foster bilateral coordination in mining, mechanical engineering and
clean energy and water at its recent meeting in the Vietnamese capital.
He expressed hope
that the committee will make it easier to boost two-way trade.
The host thanked
the Czech Government for its provision of official development assistance for
Vietnamese
ambassador to Mexico Le Thanh Tung and Tabasco Governor Arturo Nunez Jimenez
expressed their desire to seek opportunities to expand bilateral cooperation
among localities of both nations, especially in advantageous areas.
At a working
session in
The Governor said
that
For his part,
Ambassador Tung reviewed
The ambassador
invited the Governor to visit
After the
reception, in response to questions by the local press, Ambassador Tung
mentioned
The ambassador
described the incident as a serious violation of international law and the
1982 United Nations Convention on the Law of the Sea (1982 UNCLOS) and the
Declaration on the Conduct of Parties (DOC) in the East Sea and says he
considers it a dangerous precedent which threatens the peace, stability,
security and safety of navigation in the East Sea.
Four int’l
awards conferred on VPBank
Vietnam Prosperity
Joint-Stock Commercial Bank (VPBank) has been accorded four top international
accolades, celebrating its innovativeness in facing the challenges of the
industry and development of high-quality products.
The four top awards
received are: Best Trade Bank, Best International Payment, Best Banking
Product
The UK
International Finance Magazine selected VPBank as the Best Trade Bank, the
first time a Vietnamese bank has been awarded this prize.
VPBank was chosen
by the Bank of New York Mellon to receive the Best International Payment
award, honouring banks which achieve high quality in processing international
transactions.
The UK Global
Banking & Finance Review (GBAF) awarded the Best Banking Product
The selection of
VPBank for these awards, once again confirms the quality of products and
service and the competitiveness of VPBank, said Nguyen Duc Vinh, CEO of
VPBank.
The bank is committed
to strive to increase the quality of services to a level exceeding the
highest of international standards, Vinh added.
The world gold
price fell to its lowest level in a week on May 12, while the local gold price
rose steadily in the Vietnamese market.
The world gold
price fell to US$1,289.2 per ounce or US$1,553.4 per tael on the gold trading
floor Kitco.com.
Meanwhile, the gold
price in
Thus, each tael of
gold in
The euro hovered
near a month's low over fears of policy action by the European Central Bank,
shrugging off demands for safe havens due to the escalating violence in
On the same day,
Vietcombank and the other commercial banks maintained an exchange rate of
VND21,120 per US dollar, the same as last week. This was with the exception
of Sacombank which raised its dollar selling price to VND21,130.
The State Bank of
The Vietnam-Czech
Republic Business Forum provided an excellent occasion for the Vietnamese and
Czech business communities to establish strategic relationships that create
trust.
Speaking at the
forum in
She underscored
that
Additionally, she
declared that the
Jan Mladek, Czech
Minister of Industry and Trade in turn said that
Czech businesses
are very keen on promoting cooperation and exploring potential in many fields,
most notably in infrastructure, industry, health and tourism he said,
emphaziing that the Czech government is devising concrete mechanisms to
bolster trade promotion and investment activities.
According to the
Vietnam Chamber of Commerce and Industry (VCCI), two-way trade volume between
the two nations stands at just US$240 million each year, which has not
matched the potential of both nations.
Vietnamese major
exports to the
International
business leaders from around the globe are headed to
The forum, which is
attracting world-class speakers from the
Leading Vietnamese
household brand names, such as Vinamilk, Thien Long, Rang Dong and Bui Van
Ngo are also participating in the event.
The event is part
of activities in response to the National Science-Technology Day (May 18)
which is being observed for the first time in
WB supports
rice market integration for Mekong Delta
The World Bank (WB)
has agreed to provide preferential loans totaling US$150 million to bolster
rice production in the Mekong River Delta (MRD).
The announcement
came at a May 12 conference in
Under the
programme, the WB will provide Vietnamese farmers and rice related
agricultural businesses medium and long-term capital loans to fund the
construction of warehouses and silos.
The WB will make
funds available for the project in early 2015.
The Vietnam Food
Association (VFA) reports that to qualify for the preferential loans,
Vietnamese businesses need to submit a completed loan application package,
including a well-prepared detailed business plan.
The Ministry of
Agriculture and Rural Development (MARD) encourages linkages between
agricultural production and sales, and says special allowances will be made
for businesses applying for loans under the programme.
McDonald’s
to publicise nutrition facts in Vietnam
McDonald’s has
started a plan to announce nutrition facts for the food and drinks it serves
in
The Ho Chi Minh
City-based Good Day Hospitality Company, also called McDonald’s Vietnam under
a franchise agreement from McDonald’s, is working with Vietnamese authorities
on the plan and expects to announce the facts within one year from this
month, said McDonald’s Vietnam communications manager Le Ha My Tram.
She said this while
Good Day Hospitality general manager Nguyen Huy Thinh was announcing the second
McDonald’s
The second
restaurant, open 24/7 like the first one also in district 1, occupies three
floors covering a total area of 660m2 and has a seating capacity of 260 seats
– 180 indoor and 80 outdoor – in a scenic terrace across from September 23
Park next to Ben Thanh Market.
Instead of a drive-thru
service available at the first restaurant, the second outlet has a “To Go”
counter that allows customers to order and pick-up their food, beverages and
desserts quickly without having to step inside the restaurant. The counter
enables customers order their meals on the go with their motorbikes. The Ben
Thanh store will serve McCafé coffee after the grand opening period of a
month. McCafé is currently available at the first restaurant.
Firms eye
agriculture as lucrative new field
Due to
Hoang Anh Gia Lai
Group (HAGL), once a major player in the real estate sector, has felt
justified in abandoning property projects to shift to agricultural sector.
“We’re completely
convinced that the shift from real estate to agriculture was completely the
right move for HAGL,” said HAGL chairman Doan Nguyen Duc.
HAGL’s recent
shareholder meeting reported that the firm’s post-tax profit of VND972
billion ($46.3 million) in 2013, almost triple that of 2012, was thanks to a
58.7 per cent contribution from its agriculture sector.
Aware of the
lucrative nature of their shift in priorities, the group has also begun a new
programme to raise 100,000 cattle. Duc estimated cattle-rearing would provide
VND4 trillion ($190.5 million) in the group’s annual revenues.
In addition to
HAGL, Tan Tao – an industrial group that has virtually no experience in
agriculture – surprised business observers when it announced the launch of ITA
Rice, a fragrant rice export and research company, to cultivate rice paddies
on 60.3 hectares in the Mekong Delta province of Long An. The company plans
to expand its cultivation to 5,000ha in the coming years.
Cam Nguyen Steel
Co. has also invested in agriculture by building a rice paddy kiln and
grinder with the capacity of 580 tonnes per day and a storehouse of 100,000
tonnes in the Mekong Delta
The company’s
director Huynh Cam admitted that during recent years, Cam Nguyen has faced
difficulties in steel trading so it decided to invest in agriculture, and it
saw promising returns.
Dang Kim Son,
general director of
“Businesses
acknowledge that agriculture is a very promising sector, the prices of
farming products have risen and will continue to peak for many years, so
agriculture in
Major transnational
groups are also increasing their participation in
Shrimp
exports to US up two-fold over last year
Vietnamese shrimp
exports to the
The spike comes on
the back of a sharp decline in Thailand‘s shrimp production, devastated by
heavy losses from Early Mortality Syndrome (EMS) and a highly beneficial
reduction of import tariffs into the US market.
Official statistics
show that in the first two months of the year alone, Vietnamese shrimp
exports to the
Eight banks
to pilot credit link
The State Bank of
Among the eight
commercial banks are BIDV, Vietinbank, Vietcombank and Agribank. The other
banks are Mekong Housing Bank, Vietnam Construction Bank, Lien Viet Post Bank
and Sai Gon-Hanoi Bank.
The pilot credit
link, which involves investors, contractors, building material suppliers and
banks, aims to tackle difficulties hampering the local property market.
It will help reduce
building material inventories while creating favourable conditions for
enterprises with overdue debts to renew their loans. Renewed loans would have
capital to continue construction of unfinished projects to ensure
construction quality and the scheduled progress, according to the central
bank.
The credit link
will also help banks to control the money flow and ensure that the cash will
not be diverted for wrongful purposes.
The central bank
said the credit quality would be enhanced and bad debts will be reduced as a
result.
The document allows
problems arising during the pilot implementation to be reported to the
Governor.
Nguyen Viet Manh,
Director of the central bank's Credit Department, said at a conference in May
that the credit links for investors, contractors, material suppliers and
banks played an important role in removing problems for the real estate
market.
The credit-link
model was introduced together with the credit package worth 50 trillion VND
(2.38 billion USD) by the Vietnam Construction Bank and property Thien Thanh
Corporation.
Those who invest in
building parking lots may be exempted from land use fees and land lease
payments, if the
The committee also recommended
other incentives to encourage parking lot construction, such as reducing
corporate income tax and import tax for investors who import high tech
equipment for the parking lots.
Additionally, the
committee suggested listing parking construction projects as infrastructure
development projects rather than real estate projects in order to make it
easier for investors to access bank loans.
The city faces a
critical shortage of parking areas. Under Government decision 58/QD-TTg,
approved last year, the city aimed to have 1,145ha of parking space by 2020.
Currently, however, there are less than 77ha.
Few taxi firms have
enough financial capacity to rent parking spaces at night, so drivers park in
the road. And while more than 3,200 buses are operating in the city, they
have barely 16ha of parking space. The consequence is that parks and public
entertainment areas are built narrowly to make room for bus parking. Half of
Park 23-9 in District 1 is used as a parking area.
The municipal
authority blamed the shortage of parking lots on the fact that administrative
procedures for land allocation and investment were too complicated.
Vice director of
the city's Transport Department Duong Hong Thanh said that current incentives
were not attractive enough to investors.
The shortage of
parking areas meant that trucks were often overloaded, as firms lacked space
to unload goods, he said.-
Coal
producer sees struggle ahead for second quarter
The Vietnam
National Coal and Mineral Industries Holding Corporation (Vinacomin) has
urged members to fully exploit market conditions, as coal consumption in the
second quarter could face difficulties.
In an online
meeting last week, Nguyen Van Bien, Deputy Director of Vinacomin, the
country's top miner said that coal demands are low while the world's coal
prices in the second quarter are declining compared with the first quarter.
Vinacomin's
inventory remains high at roughly 600,000 tonnes of coal, Bien said.
Vinacomin targets
to produce and consume 9 to 10 million tonnes of coal in the second quarter
of 2014. The corporation is also hoping to complete 50-52 percent of the
year's target in the first half of the year.
Besides encouraging
members, whose production costs are low, to increase output in the second
quarter, Vinacomin also requires other members with higher production costs
to cut output.
In the first
quarter of this year, despite the unfavourable weather, members of Vinacomin
had managed to maintain their production levels, ensure jobs and income for
their employees.
Vinacomin completed
25 percent of its annual plans. The corporation produced 9.7 million tonnes
of coal, fulfilling 25.6 percent of yearly plan. Coal consumption was
estimated at 9.35 million tonnes, meeting 26.7 percent of yearly target.
The group generated
25.8 trillion VND (1.22 billion USD) revenues or 24.5 percent of annual plan,
up 8.5 percent on year. Notably, revenues from electricity production and
sales hit 31.1 percent of yearly plan.
Vinacomin's coal
consumption last year was estimated at 39 million tonnes, almost the same as
that of 2012, including 11.6 million tonnes for exports, down 19.6 percent,
year on year and 27.4 million tonnes of domestic consumption, up 11 percent,
year on year.
Central
Highlands targets at least 1.2 million tonnes of coffee
The Central
Highlands is striving to harvest at least 1.2 million tonnes of coffee in the
2014-15 crop.
To meet the target,
the
In addition, the
institute has also instructed farming households to clean gardens, cut off
unnecessary branches.
The region now has
more than 561,000 hectares of coffee, with Dak Lak province having the
largest area of 203,500 hectares.
Price
regulation steering committee established
Prime Minister
Nguyen Tan Dung has signed a decision to establish a Steering Committee for
Price Regulation, to be headed by Deputy Prime Minister Vu Van Ninh.
The Minister of
Finance has been appointed as Deputy Head. Committee members include leaders
of ministries and agencies: the Ministry of Finance, Ministries of Industry
and Trade, Ministry of Planning and Investment, Ministry of Health, Ministry
of Education and Training, Ministry of Transport, Ministry of Agriculture and
Rural Development, the Government Office and State Bank of
The committee is
responsible for conducting research to assist the Government in reviewing and
approving major policies and directions on price regulation in specific
periods.
At the same time,
the committee is in charge of deciding detailed measures to control the price
of several commodities and services and devise measures to stabilise the
price of important and essential goods and services.
The committee is
also assigned to help the Government direct ministries, agencies and People's
Committees of provinces and cities to implement State management over price
in accordance with the Government's requirements and goals on inflation
control and macroeconomic stability.
MoF sticks
to decision on tax arrears collection
The Ministry of
Finance will not change its decision to collect tax arrears amounting to
VND400 billion (US$19 million) from eight petroleum importers.
Minister Dinh Tien
Dung said Prime Minister Nguyen Tan Dung had approved the decision.
Dung added that the
decision had also been endorsed by the State Audit of Viet Nam, which said
that the enterprises had to make customs declarations and pay tax when they
changed from working with imports and re-exports to servicing domestic
consumption temporarily.
Last year, the
General Department of Customs sent tax arrears collection notices to the Viet
Nam National Petroleum Group (Petrolimex) amounting to VND170 billion;
PetroVietnam Oil (PV Oil) of VND66 billion; Dong Thap Petroleum Trading
Company (Petimex) of VND56.5 billion; Nam Viet Oil Refinery and
Petrochemicals JSC (Nam Viet Oil) of VND26 billion; the Military Petroleum
Corporation (MIPECO) of VND19.7 billion; and the Hai Ha Road Transport
Company of VND650 million.
However, all these
firms did not agree with the claims.
Phan The Rue,
chairman of the Viet Nam Petroleum Association (Vinpa), had told the Tien
Phong newspaper that the arrears collection had not followed the law and
damaged the economic status and prestige of the traders.
Rue said the
association had sent documents to the Government Office, the Finance Ministry
and the relevant agencies several times. However, the ministry insisted that
the move to collect arrears was in accordance with the law and regulations.
SHB
finances apartment project
Sai Gon-Ha Noi Bank
(SHB) will lend Tan Hoang Minh Group VND1 trillion, or US$47.62 million, to
develop the D'. Le Pont D'or apartment project in Ha Noi.
The two parties
signed an agreement on the financing, which includes medium- to long-term
loans, late last week.
The project covers
an area of nearly 5,400 square metres in Dong Da District and will provide
over 300 apartments. The project started construction last October and is
expected to be completed within two years.
SHB will sponsor
home buyers at the project with funds amounting to 70 percent of the
apartment values, with an interest rate of 8.68 percent per year for the
first year. The company will cover 3.68 percent, which means that customers
will only have to pay 5 percent in bank interests in the period.
The terms for the
customer loans are between 15 and 25 years.
Vietcombank
funds fertiliser business
The Joint Stock
Commercial Bank for Foreign Trade of Vietnam and Ninh Binh Nitrogenous
Fertiliser Company Ltd signed a credit contract worth VND800 billion
(US$30.10 million) on Monday.
Chairman of the
company's board Chu Van Tuan said the loan would help with business expansion
and project implementation.
The Ninh Binh
Nitrogenous Fertiliser Plant, one of the largest fertiliser plants in
Azerbaijan
companies visit Viet Nam
The
The Azerbaijan
corporations operate in the fields of agricultural exports and imports, food
processing, cement, chemicals, infrastructure construction, iron and steel,
construction materials, information technology, freight, furniture, clothing,
glassware, trade and investment.
Vietnam Chamber of
Commerce and Industry will hold a
Two local
plastic firms vying for market lead
Two leading players
in the local plastic industry are scaling up their efforts to bolster
business efficiency, but which will ultimately take the leading position is
still in question.
In September last
year, Central Region Tien Phong Plastic Limited, a member under Tien Phong
Plastic JSC (NTP) which holds 70 per cent of market share in the north,
opened a plastic pipe factory at Nam Cam industrial park in central Nghe An
province.
The plant, with
revenues of VND37.5 billion ($1.8 million) last year alone, envisages running
at full capacity from this year to tap tax incentives.
The other firm,
Binh Minh Plastic (BMP), with 50 per cent of southern market share, bought a
29 per cent stake in Danang Plastic JSC (DPC) and expanded its distribution
network in the central region.
The company reportedly
considered buying an additional 15 per cent stake of DPC from the State
Capital Investment Corporation (SCIC) to have the right to intervene in
management and restructure it into a production and distribution base but
later suspended the plan after finding problems with DPC’s facilities.
Six years ago, NTP
surpassed BMP in terms of both revenue and profit. It reported bigger
chartered capital, though meager equity, compared to BMP. However, in 2009
BMP raised its
chartered capital to exceed NTP.
In terms of
business efficiency, from 2011 BMP’s revenues came near NTP’s, and it
surpassed it in terms of profits.
The earning per
share of BMP is reported to be on the rise, while that of NTP is sliding.
BMP’s growth
prospects for this year are reportedly limited as its factories are already
running at full capacity and it may find it hard to increase market share due
to low commissions for sales agents.
For NTP, its new
production facility in the central region has helped it raise production and
tap new markets.
But its home field
in the north is seeing increasing competition from foreign firms as well as
from firms in the south looking to expand their presence.
In this context,
NTP has applied a raft of measures to maintain and further grow market share.
The company has
constantly raised commissions for sales agents, as well as increased its
promotion budget.
It has also kept
prices at the same level for the last two years.
Many companies on
the same field with NTP have followed suit, but BMP has not.
BMP has said it has
no plans to lower prices or raise commissions.
Most recently, the
company refused to be a supplier for a major project because even though the
deal would have boosted revenue, it would have done little in the way of
profits.
In the past, NTP
has paid high dividends while borrowing to realise investment projects.
BMP has paid lower
dividends and retained those profits for business activities, so it has
little in the way of outstanding loans and fewer expenses.
Regarding new
investment plans, according to NTP the demand for large HDPE pipes is
steadily increasing in the Vietnamese market, and there is scarce supply.
Therefore the
company plans to spend VND150 billion ($6.9 million) to manufacture such
products.
NTP general
director Nguyen Quoc Truong said the company’s long-term investments might
affect its revenue and profit targets in the near future, but were necessary
to help the firm realise its ambition of becoming the leading plastic pipe
manufacturer in
In terms of BMP, in
2012 it announced plans for a new factory in southern Long An province, but
suspended the project due to falling consumption.
It now envisages
starting the project this year with a VND160 billion ($7.6 million)
first-phase investment and plans to complete the plant in the third quarter
this year.
In the first
quarter this year, NTP posted VND570 billion ($27.1 million) in revenue, up 8
per cent on-year while its pretax profit slid 8 per cent on-year to VND78
billion
($3.7 million)
whereas BMP reported an 18 per cent revenue jump to an estimated VND457
billion ($21.7 million) with profits up 2 per cent on-year to VND102 billion
($4.8 million).
Da Lat to
export veggies to South Korea
Da Lat will export
60 tons of vegetables a month to
Nguyen Cong Thua,
head of Anh Dao Cooperative, said under the contract South Korean’s CJ Group
would also train cooperative members in vegetable-farming techniques.
Da Lat exports
13,000 tons of vegetables a year to many countries and territories including
Exports fetch
VND400 million (US$18,970) a hectare a year.
‘Mr Doom’ set to lift the gloom at VIF
An expected 500-700
international fund managers and Vietnamese business leaders are expected to
gather at the Vietnam Investment Forum 2014 (VIF) to hear legendary
investment advisor Marc Faber and other doyens share their views on global
investment and opportunities in Vietnam, as well as to seek potential
partners.
As the government
is determined to restructure the economy towards sustainable development, great
opportunities are opening up for investors around the world, VIR
Editor-in-chief Dr
Nguyen Anh Tuan said at a press conference held last week in
Tuan pointed out
the government’s bold steps to reform the banking industry and the stock
market as well as to equitise hundreds of state-owned enterprises between now
and 2015, saying their foremost need is to mobilise capital and gain
experience and ideas from international investors. But the question is how to
bridge these opportunities with international capital flows?
“This question has
prompted us to join hands with HVS Vietnam Securities Co. and AFC [Asia
Frontier Capital] to design a platform, the VIF, to facilitate dialogue,
engagements and networking between foreign investors and local business
leaders,” he said.
Tuan, who is also
chief organiser of the VIF, told reporters that the event was unique. He said
it would be a venue for international investors and Vietnamese business
leaders to exchange information and find partners.
The event will
feature investment guru Marc Faber as the keynote speaker. Tuan said, “Dr
Faber is a strategist and one of the most influential figures in the
investment world, so the primary goal is to help international investors and
Vietnamese business leaders meet and interact with him and other financial
heavyweights. Through this they can keep abreast of changes in the world and
expand their view on global issues that may affect their investment and
business activities.”
Dr Christian Kamm,
president of US-backed investment advisory firm Kamm Investment, based in
Dr Nguyen Son, head
of the Market Development Department of the State Securities Commission (SSC)
said VIF 2014 will be one of a series of events the SSC would take part in this
year. He believed VIF would be an interesting draw to foreign investors and
that Marc Faber could help them identify investment opportunities in
frontier/emerging markets and specifically in
VIF is scheduled
for June 19 and will cover critical topics of concern from businesses and
investors.
Under the theme
“Have we entered the terminal phase of a gigantic global credit and asset
bubble?”, Faber will reiterate his controversial prediction that the world is
about to witness a new financial crash deemed to be even worse than those
seen in the recent past. He will also explain how the credit and asset bubble
was created and its consequences and opportunities for
VIF 2014 will also
see the presentation of other high-profile fund managers such as AFC CEO
Thomas Hugger, who will deliver a presentation on “Investment strategy in
Asian frontier markets and in
Faber, SSC Chairman
Vu Bang, and other dignitaries will join a panel to discuss “The rise of
frontier/emerging markets and opportunities for
The event will
include a business matching programme arranged by the organisers to help
foreign investors and local firms find potential partners.
“The agenda and its
topics are timely and offer investors unique insight into the role of
frontier/emerging markets. Given the reputation of the organisers, as well as
the world-renowned reputation of Dr Faber, we believe VIF 2014 will attract
the attention of numerous investors and corporations.”
VIF 2014 is
organised under the auspices of the Ministry of Planning and Investment.
Sponsors include Kamm Investment, Saigon Thuong Tin Commercial Bank
(Sacombank) and
Media sponsors
include the Saigon Times Group, Nhip Cau Dau Tu, Vietnam Economic Times,
Doanh Nhan Sai Gon, VTV1, HTV9, InfoTV, VITV, FBNC and others.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Thứ Tư, 14 tháng 5, 2014
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