Chief negotiator Phan The Rue of Vietnam has expressed his strong belief that the recently signed Vietnam-Japan Economic Partnership Agreement (VJEPA) will boost bilateral trade and investments. Mr Rue said the VJEPA meets the regional motto “Strategic Partnership for Peace and Prosperity in Asia”. The VJEPA was signed in Tokyo on December 25, 2008 after [...]

Robusta coffee posted its first annual decline since 2003 in London on speculation that increased production from growers in Asia and Africa will outpace consumption. Coffee fell 9.8% this year as the robusta supply surplus expanded to 3.15 million bags in 2007-2008 from 1.63 million bags, according to Fortis estimates. More of the output may [...]

The German firm Bosch has set up a 100% foreign owned branch in Vietnam and also broke ground for the high tech automobile power line manufacturing plant with a total estimated cost of 55 million euro in Long Thanh Industrial Zone of Dong Nai southern province. Headquartered in Stuttgart, Bosch is the world’s leading auto [...]

After successfully building and launching the Vinashin Southern 6 ship with the tonnage of 20,000 tonnes, Cam Ranh Shipbuilding Factory (Nha Trang Shipbuilding Industry Co) under the Viet Nam Shipbuilding Industry Group (Vinashin) recently signed two contracts worth US$60 million with Vinashin’s Oil and Gas Transportation and Investment Joint Stock Co and the Southern Shipbuilding [...]

The local ICT distribution market is expected to remain unchanged once foreign producers arrive through online transactions and fully-owned distribution outlet chains from this year. International Data Company general director Nguyen Lam said the information and communications technology market would also remain unchanged during the first half or all of 2009, when under the country’s [...]

VIB Forum reporter has an interview with Ms Bui Thi Hong Lien – General Director of FPT – FPT Software Joint Stock Company on the achievements as well as development orientation of the company. Could you please introduce FPT Software? Which do you think is the decisive factor to the success of a company providing [...]

On the occasion of the study-tour and market survey to Viet Nam by the delegation of eight Indian businesses during December 22-25, Rajeev Garg, President of Indian Chamber of Commerce and Industry (InCham), talked with the press about the bilateral trade and investment cooperation. What will be the opportunity of economic and commercial cooperation between [...]

MobiFone officially announced the final phase of the implementation of the program, in which the accounts of pre-paid subscribers are doubled when they add credit to their accounts, in 5 days time from 25th to 29th of December 2008. The subjects of this program consists of active pre-paid accounts and inactive pre-paid accounts which are [...]

Vietnam’s authorities are upbeat about the nation’s growing foreign direct investment capital attractiveness in a tough 2009 despite the global turmoil. Phan Huu Thang, general director of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), referred to a list of more than 50 foreign-invested projects with a combined investment capital of $100 billion, [...]

Foreign investors still consider Viet Nam a safe destination for their business and have poured approximately US$64 billion into the country despite the global financial crisis. Foreign direct investment (FDI) is one of the most positive features of Vietnam’s economy this year. There has been an increase in the number of large-scale projects and the [...]

The General Statistics Office (GSO) held a press conference in Hanoi on December 31 to announce major socio-economic figures of 2008. GSO General Director Nguyen Duc Hoa said that Vietnam achieved a GDP growth rate of 6.23 percent this year, which remains a big achievement for the country in the context of the global financial [...]

The Viet Nam Post and Telecommunications Group (VNPT) on December 29 announced its revenue of over US$3 billion in 2008, up 17.5% on year. In 2008, the group contributed VND6.85 trillion (US$401.2 million) to state budget and reported more than 20.2 new telephone users. VNPT group has invested US$1 billion to develop broadband services and [...]

Global Trade Initiatives, a well know international sourcing and manufacturing company, today, December 31st, launched a new sourcing company “Sourcing in Vietnam” in Ho Chi Minh City. The new company aims to cater to foreign businesses looking to purchase products manufactured in Viet Nam, a country that many times previously was overlooked in favor of [...]

The State-owned Viet Nam Coal and Mineral Industry Group (Vinacomin) has begun to dredge some lakes in the northern province of Quang Ninh that have been polluted because of illegal coal mining in their vicinity. Cau Cuon, Noi Hoang, and Khe Uon Lakes in Dong Trieu district will be deepened and have treatment systems installed, [...]

The international railway route between Hanoi (Viet Nam) and Nanning (China) will open as of January 1, 2009, according to the Viet Nam Railway Corporation (VRC). The train has 6 railroad cars. The MR1 train will depart from Gia Lam station at 7.25pm (local time) and arrive in Nanning at 9.50am next day and the [...]