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BUSINESS
IN BRIEF 19/10
Earlier, the Japan
Embassy in
Deputy Minister of
Transport Pham Quy Tieu said the Japanese side just pledged to support the
development of Long Thanh airport project but did not provide any assurances
or a specific figure of a preferential loan.
US$2 billion is a
committed figure by the French Architecture and Engineering Company (ADPI)
which will provide loans to
At the signing
ceremony held in
The agreements also
serve to promote the traditional friendship ties between the two countries,
they said.
In addition,
Ambassador Luu announced the Vietnam Ministry of Industry and Trade (MOIT)
will soon sign an economic cooperation agreement with the Macedonian Ministry
of Economy to further facilitate trade promotion and exchange of goods.
The Vietnam Chamber
of Commerce and Industry (VCCI) will also establish cooperative ties with the
Economic Chamber of Macedonia, Luu said, adding that this will promote trade
by increasing the number of economic forums, seminars and fairs.
Confectionery
and cereal exports expand into new markets
Confectionery and
cereal exports jumped to US$290 million in the eight months leading up to
September, significantly higher than last year’s corresponding period,
according to the General Department of Vietnam Customs.
It reports the
increase comes on the back of expanding new foreign export markets, most
notably
During the eight
month period, Vietnamese exports to traditional markets of the
The signatories are
Vietnamese Minister of Construction Trinh Dinh Dung and Cuban Minister of
Trade and Foreign Investment Rodrigo Malmierca Diaz.
Apart from
traditional cooperative fields such as agriculture, energy, health, and
biological technology, both countries looked towards the new area of
construction material, said Minister Dung.
The two sides
agreed to put forth measures to deepen cooperation in 2014-2015, based on the
bilateral economic agenda signed in March this year during Prime Minister
Nguyen Tan Dung’s visit to
New Cuban legal
regulations on foreign investment are expected to open up opportunities for
Vietnamese businesses.
The same day, First
Vice President of the State Council and the Council of Ministers of Cuba
Miguel Diaz Canel Bermudex, received Vietnamese participants to the meeting,
saying the Cuban Party and State hope to enhance trade links with
Twenty
delayed projects cancelled in Thua Thien-Hue
The central
The projects
include six in Chan May–Lang Co Economic Zone and four in industrial parks,
run by Tai Sun Vietnam Trading Services Limited Company, Thua Thien Hue
Ceramic Tiles and Minerals Joint Stock Company, JK Global Limited Company and
Tsunoda Vietnam Limited Company.
However, the issue
of appropriate penalties remains unsolved.
Current regulations
only permit a project to be postponed for a maximum of 24 months, otherwise
its licence is withdrawn and the investor must pay fees for using and leasing
the land during that time.
Korean
firms seek business opportunity in Bac Ninh
A delegation from
the
The delegation was
led by Cho Young Jun, Representative of Korean Chamber of Commerce &
Industry (KCCI) in
The provincial vice
chairman Nguyen Luong Thanh said that with its potential in various fields
and friendly investment environment, Bac Ninh has become a leading province
which attracts a huge number of world’s large economic enterprises, including
Korean businesses.
In the first 9
months of 2014, the province licensed certificates to 111 foreign direct
investment (FDI) enterprises with a total capitalisation of over US$1.3
billion, including 82 RoK enterprises with combined investment of US$1.25
billion.
Currently, there
are 220 RoK enterprises operating in the province, contributing significantly
to the value of industrial production, creating jobs for local workers, thus,
promoting the province’s socio-economic growth.
Thanh stressed that
Bac Ninh will create favourable condition and ensure security to help
businesses effectively operate in the locality, hoping that the Korean
delegation will continue to choosing the province as its ideal investment
destination.
The Jeonju city’s
enterprises highly appreciated investment environment in Bac Ninh province,
confirming that this visit will be an opportunity for RoK investors to
comprehend the investment opportunity better.
After the meeting,
the RoK delegation also visited REFTECH limited company and VSIP industrial
park in Bac Ninh province.
Greater
A forum on the
Greater Mekong Subregion (GMS) development was held in
Phuong Huu Viet,
Chairman of the Vietnam-Laos-Cambodia Association for Economic Cooperation
Development said the forum brings about practical benefit for Vietnamese
businesses, especially investors in ASEAN, and help them share information
and propose ideas for integrating into the ASEAN Economic Community (AEC).
Viet hoped that
businesses will access useful information to prepare for integration in AEC
2015.
Participants at the
forum discussed the State management agencies’ role in guiding and supporting
business in finding solutions to obstacles.
Vu Van Chung,
Deputy Head of the Foreign Investment Agency (FIA) said in the economic
integration many Vietnamese enterprises will face challenges on their home
turf and find it difficult to penetrate other ASEAN markets, and even some
will stop their operation.
Chung added that
Meanwhile, Deputy
Minister of Planning and Investment Nguyen Van Trung said AEC 2015 will open
both opportunities and challenges for
According to the
FIA, ASEAN businesses have invested in 55 out of 63 provinces and cities in
An Giang
attracts US$164 million in FDI
An Giang province
has licensed 13 foreign direct investment (FDI) projects with a total
registered capital of US$163.8 million since the beginning of the year, more
than US$8.6 million of which was disbursed.
The high increase
was attributed to
The provincial
Department of Planning and Investment reported that An Giang has so far had
33 valid FDI projects with total registered capital of US$213 million.
Of which, 20
projects are put into operation, 7 projects are being implemented, and the
remaining are yet conducted.
The province is
also taking measures to complete mechanism, policy and information technology
platform.
Accordingly, the
information network plays an important role in providing legal information on
business registration to help organisations and individuals be accessible to
the legal status of enterprises.
Rose prices
go through the roof
Flowers, cosmetics,
and new clothes are on top of the list of gifts given on Vietnamese Women's
Day, October 20.
A variety of
flowers are available in the market, including roses that keep for several
years and imported ones.
According to
sellers at traditional markets and flower shops, rose prices have increased
sharply.
At Ho Thi Ky flower
market in District 10, a bunch of 50 roses is selling at VND200,000-220,000,
a markup of more than 50 per cent from recent days.
The prices are
expected to increase further, the traders said.
Nguyen Thanh Tu, in
charge of online marketing at Da Lat Hasfarm, told Viet Nam News that the
prices of roses and moth orchids would be hiked slightly due to the high
demand.
But the company
would not increase the prices of other flowers like daffodils and
chrysanthemums, she said, adding it is offering discounts of 20 per cent to
customers buying from its web shop.
At flower shops in
Shops are also
selling various kinds of flower baskets to meet the demand.
To attract shoppers
on the occasion, flower shops, supermarkets, shops, and malls are offering
gift as well as attractive promotions.
Big C is offering
discounts of up to 50 per cent on more than 1,000 cosmetics, accessories, and
fashion items until November 3.
Co.opmart is
offering discounts of up to 49 per cent on 600 women's care products until
October 26, while Lotte Mart has cut prices of more than 500 products until
October 23.
High street fashion
shops and malls and e-commerce websites are offering sharp discounts to boost
sales.
BIDV teams
up with Japanese banks to facilitate investment
The Bank for
Investment and Development of Viet Nam (BIDV) has signed a memorandum of
understanding (MoU) with two Japanese banks, namely Minato Bank and the Bank
of Yokohama (BOY).
The MoU aims to
strengthen the support extended to Japanese customers in expanding investment
and businesses in
Under the
agreement, Minato Bank and BOY will help their customers in getting better
access to information on the investment environment, legal regulations and
taxes in
In addition, the
two banks in co-operation with BIDV will provide financial and banking
products and services such as payment, foreign currency purchase and
commercial funds. They will also provide credit, derivatives products and
services to support the mergers and acquisitions by Japanese businesses.
BIDV established
BIDV Japan Desk in Ha Noi in November and opened a branch in
The bank so far has
co-operated with 17 financial institutions in
Minato Bank, established
in 1949, is the 63rd largest bank in
The bank provides
wholesale and retail banking services, asset management and capital and
monetary markets, as well as commercial banking and mergers and acquisitions.
BOY is the 13th
largest bank in
The bank was given
a stable outlook rating by Moody's last month.
Ha Noi
hosts annual investment meeting
Deputy Prime
Minister Hoang Trung Hai affirmed the Government's policy of attracting
investors to
The meeting drew
hundreds of foreign investors and partners seeking business opportunities in
the country. Despite the severe impact of the global economic crisis, he
said,
Hai said he highly
valued domestic organisations and businesses that took the initiative to
stimulate investment, enter into cooperation agreements with international
partners and form joint-ventures in an effort to diversify
Andy Ho,
VinaCapital's general director and head of Investment, forecasted coming
investment opportunities for investors, as well as the growing potential of
Low inflation and
decreasing interest rates had improved the country's investment environment,
said Ho.
The event also provided
investors the opportunity to brief each other on cooperation strategies for
infrastructure investment, real estate and capital market development.
This is the ninth
annual conference of VinaCapital, which started in 2003.
VinaCapital
announced a plan to make one of its investment funds, Vietnam Infrastructure
Ltd. (VNI), open-ended.
The fund would be
split into two parts, one for infrastructure development projects and the
other for a portfolio of listed shares, Ho said.
An ongoing national
trend of converting closed-end funds into open-end ones that allow capital
investors to withdraw from the Vietnamese market more easily prompted the
decision. But VinaCapital is not considering changing any other subsidiaries,
such as the Vietnam Opportunity Fund Limited (VOF), as they are not suited to
the open-end model.
VNI was formerly a
closed-end fund, with net assets worth more than US$231 million at the end of
September. It mainly focused on projects in telecommunications, petroleum,
industrial parks and urban development.
Software
enhances customer relations
Standout
organizations empower their customers, partners and employees by becoming
social businesses that connect, engage and deliver breakthrough business
results, a company CEO suggests.
Speaking to Biz
Hub, Rick Yvanovich, founder&CEO of TRG said at a company event in
But it can help
organisations of all sizes work smarter, become more agile and foster
innovation.
Social business is
about processes, productivity, collaboration, and offers quick access to data
the company needs.
Most office workers
spend 28 per cent of their day on email, so time spent on email can be
decreased by introducing social networking communications into a business.
Apart from social
business solutions, speakers from TRG International and its partner, Infor,
spoke about the latest strategies in financial management, enterprise
performance management, and gave tips for optimising their current financial
systems.
"By updating
the latest enhancements to our solutions, TRG customers save time and become
more productive. It can help them visualise their growth," Yvanovich
said.
TRG International
hosted its annual Customer Day event for 100 financial experts from 70
companies operating in financial services, insurance, oil&gas,
hospitality, aviation, healthcare and education.
Vietnamese
exports to
Vietnamese exports
to
The project manager
added that a sharp increase in two-way trade turnover is also one of major
important factors that have contributed greatly to developing bilateral
relations between the two nations.
However, Mr Zaki
Munshi said businesses should strictly comply with procedures to boost exports
to the Canadian market by devising sound market strategies. Especially, he
emphasised the need to study the market demand and learn about the legal
environment.
At present,
Canadian consumers tend to favour traditional products that are good to
health. Therefore, Vietnamese businesses can fully tap these factors to
export products meeting the demanding Canadian consumer tastes, he stressed.
Vo Tan Thanh,
director of Vietnam Chamber of Commerce and Industry,
Especially,
Vietnamese and Canadian goods are supplementary rather than competitive, so
there are huge opportunities for future cooperation to bring economic
benefits to both nations.
He stated that
Vietnamese
farmers to improve skills overseas
The People's
Committee of the central province Quang Ngai is planning a project to send
farmers abroad to participate in study tours and training courses from
2015-2020.
Under the VND8
billion (US$377,040) project, the province will send 120 to 150 farmers and
managers of farms and agricultural cooperatives to
They will learn
from foreign experience in building new-style rural areas, developing models
of economic cooperation in agriculture, managing large-scale farms
management, as well as preserving and processing products.
They will also
study how to build brands for agricultural products and apply advanced
technology in production to increase added values.
After the study
tours, the trainees will become a major force that actively contributes to
the new-style rural area building movement in the locality, Tho said.
Quang Ngai province
has more than 286,200 households living on farming, aquaculture, handicrafts
and agricultural services, accounting for 46% of the total population.
Seminar
boosts Vietnam’s investment promotion in Philippines
The Vietnam Embassy
in the
Speaking at the
seminar,
Duong said there
exists a good opportunity for cooperation in education and training between
the two sides.
Cebu has more
advantages in English training than
He also confirmed
his ambassador’s readiness to serve as a bridge to connect
Vietnam Trade
Counsellor Vu Viet Nga introduced cooperation opportunities in the field of
trade and investment expansion measures for
Deputy Head of the
National Agency for Science and Technology Information Le Thi Khanh Van
announced at a press conference on October 16 that Techmart 2014 is set to
take place in
"This year’s
expo will focus on recent scientific achievements and bio-technology
application in the fields of health, pharmaceuticals, agriculture and environment,”
said Ms Van.
In
The event aims to
help the business and scientific communities collaborate on the latest
advanced technologies in a concrete and practical manner.
Russian
inspectors to examine Vietnamese seafood
The Federal Service
for Veterinary and Phytosanitary Surveillance (FSVPS) is set to arrive in
Hano in October 20 to perform a food safety inspection of Vietnamese seafood
to determine if it is fit for import into the Eurasian Economic Community.
The National
Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD) under the
Ministry of Agriculture and Rural Development has distributed a document
requesting seafood enterprises to prepare to register their export products.
Cosmetics
firms seek makeovers
Vietnamese
cosmetics producers are trying to regain domestic market share by developing
new natural products and enhancing their presence in modern distribution
systems.
Online news website
VnExpress also quoted a Nielsen market survey as saying that spending for
cosmetic products per capita among Vietnamese consumers remains modest at
only $4 every year, compared with spending for cosmetic products per capita
among Thai consumers at $20 per year. Based on this, the market potential for
According to the
HCM City Chemicals and Cosmetics Association, the country currently has more
than 400 cosmetic companies, but only 10 of them are well known. Currently,
about 90 per cent of domestic cosmetics market share belongs to foreign companies.
Nguyen Kim Thoa,
chairwoman of the HCM City Chemicals and Cosmetics Association, said it was
difficult for Vietnamese cosmetic products to compete against imported
products, as most domestic producers were small and medium in scale and lack
capital for investment in technology, product development and trademark
promotion.
Most of the
cosmetics made in
Ly Nguyen Lan
Phuong, general director of Sai Gon Cosmetics Company, admitted that her
company's distribution network was mainly in rural areas and outdoor markets.
The company sells roughly 500,000 perfumes every year, but exports to
It is the same with
the Lan Hao Cosmetic Company, whose key markets are located abroad in spite
of its 30-per cent growth rate in the domestic market, said Huynh Ky Tran,
the company director.
Domestic companies
are attempting to regain domestic market share by setting up and developing
their distribution systems. Their presence in supermarkets nationwide is
gradually increasing.
Phuong of Sai Gon
Cosmetics Company said that besides improving quality and packaging, her
company has also increased the presence of its products in big city
supermarkets and opened stores to showcase its products.
Meanwhile, Tran of
the Lan Hao Cosmetic Company said his company, like other domestic cosmetic
producers such as Vinh Tan Technology, TMTM and Hoa Thien Phu Cosmetics, have
rapidly capitalised on rising customer preference for products made of
ingredients from Mother Nature rather than human laboratories.
Hoa Phat
Group leads steel sales
Figures from the
Viet Nam Steel Asssociation (VSA) showed that in September, total building
steel consumption was estimated at 443,200 tonnes, an 8.7-per cent
month-on-month increase and a 25.3-per cent year-on-year increase.
The association
said the selling prices of building steel last month were lower than those of
the previous month because of decreasing prices of materials. VSA predicted
selling prices to increase slightly this month, considered the construction
season that would witness higher demand for steel.
According to the
Viet Nam Prosperity Bank's Securities Company (VPBS), Hoa Phat Group still
had the largest market share in the building steel and steel pipe segments
with 18 per cent and 19.8 per cent, respectively.
The group also
accounted for 19 per cent of the market's steel pipe market share with a
total consumption of 152,700 tonnes in the past nine months.
The General
Department of Customs has sent a document to cities and provinces on imposing
anti-dumping duty from October 5 on stainless steel products imported from
four countries.
The Ministry of
Industry and Trade's Decision No 7896/QD-BCT imposes duty ranging from 10.71
per cent to 37.29 per cent on cold-rolled stainless steel products from
mainland China, Taiwan, Indonesia and Malaysia.
Retail
industry needs support
Besides efforts
made by enterprises to improve their competitiveness, the Government must develop
new policies to assist local retailers in an increasingly competitive
business environment, heard a seminar in
"International
integration creates many business opportunities, and we can utilise these
opportunities or not depending on our internal restructuring," said
Nguyen Dinh Cung, director of the Central Institute for Economic Management
(CIEM).
He said that
enterprises must focus more on improving competitiveness.
Phan The Rue,
former chairman of the Viet Nam Retailers Association, said that government
agencies, businesses and consumers must take action now.
"I think
Vietnamese businesses should focus on building infrastructure and training
human resources. They need to re-organise the retail system, especially to
meet the needs of competitiveness in the global economy, " Rue said.
Enterprises said
they expected the government to create a favourable business environment and
more equality between domestic and foreign enterprises.
Vu Kim Hanh,
chairwoman of the Business Association of Vietnamese High Quality Products,
said under the country's WTO commitments, expansion plans of foreign
retailers were subject to the Economic Needs Test (ENT), which limits foreign
access to domestic markets.
However, several
provincial authorities have granted licenses to open new retail outlets
without paying attention to ENT, she said.
She said the
Government should focus on the vital role of consumption in the value chain,
because, without it, manufacturing could not develop.
In addition, trade
fraud should also be strictly dealt with to protect the rights of authentic
manufacturers and distributors, she added.
State agencies
should also conduct better research, and inform businesses of international
regulations in a timely manner.
Support policies
offered by ASEAN members to their local retailers should be studied as well,
she said.
With the current
economic situation, the retail market will not obtain higher growth as in
previous years, according to Cung.
However, Le Huu
Minh Quan of Nielsen said the retail market has potential in the long run,
adding that modern trade channels would develop well in coming years.
More attention
should be paid to the lucrative rural market, he said.
The seminar was
organised by the Business Association of Vietnamese High Quality Products,
the Central Institute for Economic Management, the Leading Businesses Club
and the Young Businesspeople Association.
Smuggled
sugar hurts domestic firms
Several sugar
companies are saddled with increasing inventory because of imported and
smuggled sugar, according to figures from the Ministry of Agriculture and
Rural Development.
The figures showed
that as of September 15, the sugar inventory at factories was estimated at
280,000 tonnes, a year-on-year increase of 58,690 tonnes, while the amount of
sugar sold was 92,000 tonnes, a year-on-year decrease of 10,000 tonnes.
Nguyen Thanh Long,
chairman of the Viet Nam Sugar and Sugarcane Association, told a forum for
enterprises in the agricultural sector held here on Wednesday that the
biggest difficulty of domestic sugar companies was smuggled sugar.
Long said sugar
consumption at domestic factories was at 50,000 to 60,000 tonnes during the
lean season and 80,000 to 90,000 tonnes during the peak season while it was
previously 130,000 to 140,000 tonnes during the peak season. This is because
smuggled sugar had stolen the market share of domestically-produced sugar.
He added that the
permissive licence granted to sugar producers and businesses has resulted in
an increase in smuggling activities. He also revealed that several companies
have applied for licences to legalise the trading of smuggled sugar.
The massive import
of sugar has also put pressure on domestic companies. Bui Thi Quy, chairman
and general director of the Con Long My Phat Sugar and Sugarcane Company,
said the Government allowed the importation of 70,000 tonnes of sugar, and
this has led to a larger sugar inventory for domestic enterprises.
Samsung
chooses few Vietnamese suppliers
There are only four
Vietnamese enterprises among 67 suppliers that provide materials to South
Korean firm Samsung Electronics Vietnam Company Ltd (SEV), the Dau tu
(Vietnam Investment Review) newspaper reported.
These four
Vietnamese firms are the Goldsun Packaging and Printing JSC, the Thang Long
Packaging Production Export–Import JSC, Viet Hung Packaging Company Ltd and
Nam A Company Limited.
Of the 67 suppliers
of SEV, 53 are from
SEV, owned by
Samsung Corporation, is located in the Yen Phong 1 Industrial Zone in the
On September 11,
the Vietnam Association of Foreign Invested Enterprises (VAFIE) and SEV
organised a conference and an exhibition on spare parts that SEV needs to
produce in
VAFIE chairman
Nguyen Mai said that more than 50 enterprises interacted with the SEV
representatives at the conference. He expected that about 15 to 20 firms will
become the South Korean firm's suppliers in the future.
Vietnamese and
Japanese business owners met in the Japanese cities of
They included 25
Vietnamese enterprises and 220 host partners, who were given an overview of
During the event,
Japanese businesses expressed their hope for more assistance from Vietnamese
authorities in setting up and expanding operations in the country.
Co-hosted by the
Vietnamese Consul General in
Singapore
Airlines to fly more frequently to City
Singapore Airlines
yesterday announced three more weekly flights between
It said the new
flights, also Airbus A330, would offer good connectivity with its extensive
network covering destinations like
The airlines also
announced a promotion for frequent flyers on the inaugural flight on December
19 with all-in fares starting at VND3.11 million (US$147) in economy class
and VND9.9 million ($471) in business class. They are available on the
carrier's website from October 16 to 18.
An exhibition of
machinery and equipment, materials, and accessories used in the textile and
garment industry will open in
The four-day
Vietnam Textile and Garment 2014 has attracted 200 companies from 10
countries and territories including
They will set up
300 stalls to display power looms, knitting machines, embroidering and sewing
machines, chemicals, technologies for printing on fabrics and other products.
The Tay Ho District
People's Committee supported the idea of moving floating restaurants
operating in
Part of the reason
the committee would move the restaurants was the pollution they caused, vice
chairman of the committee Do Anh Tuan said at a press conference on Monday.
Nine restaurants float alongside
The committee
recently disciplined two floating restaurants for polluting the lake, he
said.
The floating restaurants
would be required to seriously obey regulations on environmental protection
while being moved to Bay Pond, Tuan said.
The committee also
started working with the Ha Noi Sewerage and Drainage Company to treat the
waste water they're discharging.
A recent
investigation by the police department showed that five of the floating
restaurants – Eureka Coffee,
Phuong Van Vinh,
the deputy head of the West Lake Management Board told Tien Phong (Vanguard)
Newspaper, said the five floating restaurants had been operating long before
a 2009 decision was made that only allows them to get business licences if
they have tourism operating licences issued by the People's Committee. But
according to the Law on Tourism, the committee did not have the right to
issue them tourism operating licences, he said.
No legal precedent
existed for the committee to follow in this case, so the transport department
had not yet given business licences to the five floating restaurants.
Loading
restriction signs removed from bridges
The Directorate for
Roads of Viet Nam (DRVN) removed loading restriction signs from nearly 1,000
bridges nationwide during a three-month inspection process.
Four DRVN
inspection teams examined and eliminated inaccurate load restriction signs on
943 of 1,488 bridges on the national highway system.
Meanwhile, some
loading restriction signs were found unnecessary for small culverts and
bridges.
The DRVN posted
restriction signs on 490 bridges after the inspections, while the remaining
55 kept their old signs. Those bridges had low loading capacities or were under
construction, thus it was impossible to examine their real loading
capacities.
The data on all the
examined bridges will be stored in the Viet Nam Bridge Management Software by
the DRVN to categorise the bridges based on their quality status and to help
the unit plan to fix the weak ones.
During the
inspection, the DRVN also removed all speed limit signs of under 40km/h on
the national highway system.
"Limiting
speed to under 40km/h on the highway actually did nothing but hindered the
traffic flow and caused congestion," Deputy Minister of Transport Nguyen
Van The said.
Additionally, as
many as 614 inaccurate speed limit signs were removed, as they caused
misunderstandings and blocked drivers' vision.
IHI to
expand aircraft-engine business in
Although accounting
for 60 – 70 percent of the jet-engine market share in
IHI is currently
hosting three projects worth a total of 100 million USD in the
The corporation has
also taken part in a number of Vietnamese infrastructure projects using loans
sourced from Japanese Official Development Assistance (ODA) such as the
construction of
These projects in
Ben Tre’s
longan ready for US market
Longan fruit from
the Mekong Delta
The Animal and
Plant Health Inspection Service (APHIS) under the US Department of
Agriculture (USDA) issued an import permit for longan fruit grown in Tam Hiep
commune, Binh Dai district after its strict inspections there.
The commune
currently has 34ha of longan orchards that apply the VietGap model and meet
the
It grows longan on
more than 550ha in total, and is currently trying to meet its full potential
by expanding the production model to more households in an effort to increase
the amount of approved producers and receive more orders from exporters, a
communal official said.
Vietnamese longan
fruit were approved for export to the
Before the longan
fruit, rambutan grown in Tien Long commune in Ben Tre province was also
granted an import permit for the
More opportunities
for business cooperation are emerging for Vietnamese and Norwegian
businesses, especially once the free trade agreement between
Jointly organised
by the Vietnamese Embassy in
The embassy’s Trade
Counsellor Vu Chien Thang pointed to
Duong Ngoc Tuan,
Director of Hai Phong’s Planning and Investment Department, introduced
participants to the northern port city’s business environment. He expressed
his hope to boost exports of footwear, garments and seafood to
Representatives
from several Norwegian companies, such as ORKLA ASA, EWOS Group and SN Power,
shared their experience in operating in
Difficulties in
running a business still remain, they said, however, the challenges could be
dealt with if enterprises abide by the law and coordinate closely with
Vietnamese partners.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Chủ Nhật, 19 tháng 10, 2014
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