VNBusinessNews – Viet Nam exported more than 9,000 tonnes of rubber in February, earning 13.4 million USD, announced the Ministry of Industry and Trade. The prices fetched by exported rubber have recently enjoyed remarkable increases, with rubber latex now sells for 1,137 USD per tonne, or 130 USD higher than the end of last year. [...]
VNBusinessNews – AA Corporation, in conjunction with its strategic partner David Salmon Furniture, has recently completed a project to provide furniture for the Bayan Palace in Kuwait. The Bayan Palace is the main palace for the Amir of Kuwait and is used for international conferences and large ceremonies. On January 19-20, 2009 the Bayan Palace [...]
VNBusinessNews – Since early February, the export turnover of main goods has climbed compared with January, according to the Trade and Business Information Centre. Turnover in February reached over US$1.6 billion, bringing the total in the first two months of this year to US$5.365 billion, 5% lower than the same period last year, due to [...]
VNBusinessNews – One year ago, when inflation was at its peak, no enterprises could imagine that they could borrow money at an annual interest rate of 7% as now. However, when the Government applies the interest rate subsidy policy, which gives enterprises 4% of interest rate in 12 months, exporting enterprises are responding very weak [...]
VNBusinessNews – Assets on computer games and everything related to the online community is out of the reach of Vietnamese laws, said a representative of the Economic Law Department under the Ministry of Justice at a workshop on online games in Viet Nam. The workshop admitted that Circular 60 about the management of online games [...]
VNBusinessNews – Foreign Minister Hirofumi Nakasone has announced the Japanese Government’s decision to resume the provision of official development assistance (ODA) to Viet Nam. During talks with Vietnamese Minister of Planning and Investment Vo Hong Phuc in Tokyo on February 23, Minister Nakasone expressed his regret over a graft scandal involving several Japanese and Vietnamese [...]
VNBusinessNews – A European tax expert has warned that risk management is vital to creating an efficient national system of policies and laws on taxation. Dr Kevin Holmes said at a seminar being held in Hanoi on February 23-24 that Viet Nam needs a mechanism to assess risk for each kind of tax and taxpayer [...]
VNBusinessNews – Star, the Asian entertainment subsidiary of News Corp, has signed distribution deals with two new platforms in Viet Nam. Effective immediately, Star Movies, Star World and Channel [V] International will be available on Vietnam’s only IPTV platform, iTV. Also, Star Movies will launch on DTH platform, VTC. The channels are currently offered on [...]
VNBusinessNews – HCM City’s value of industrial production, in February, surged by 4.2% compared to the previous month, according to the HCM City Statistics Bureau. Of which, the state-run industrial areas posted a rise of 6.8% and private economic sectors increased by 4.1% month on month.Notably, the foreign invested economic areas rose only 2% due [...]
VNBusinessNews – The Viet Nam National Textile and Garment Group (Vinatex) needs to improve the quality and lower the prices of its products in order to fulfill this year’s target of 10-10.5 billion USD in export turnover and ensure continued employment for the industry’s estimated 2 million workers. Prime Minister Nguyen Tan Dung made this [...]
VNBusinessNews – In the current difficult period, when consumers are trying to tighten their purse strings, companies are boosting sales by bringing products to families themselves instead of relying on distributors. Luong Van Vinh, General Director of My Hao Cosmetics Company, said that companies can maintain sales only by retailing themselves; wholesale business now carries [...]
VNBusinessNews – The international exhibition Maritime Viet Nam 2009 is scheduled to open on Wednesday in HCM City to showcase products and services in shipbuilding, maritime engineering, offshore engineering, ports and logistics. With strong representation in seven pavilions from China, Germany, Holland South Korea, Norway, Singapore and the UK, the maritime event will offer extensive [...]
VNBusinessNews – Carmaker Toyota Vietnam (TMV) has launched the new SUV multiuse sport sedan model Fortuner, marking the second among a series of Toyota Group’s globally multiuse car models being introduced in the Viet Nam market. Fortuner includes two versions of Fortuner G 2.5L 4×2 with diesel engine and floorboard and Fortuner V 2.7L 4×4 [...]
VNBusinessNews – Though the Dung Quat oil refinery has become operational, Vietnamese people will still have to wait 10 more years to have cheap petrol. Nguyen Viet Thang, Deputy General Director of Binh Son Petrolchemical Company Ltd, said that the crude oil Vietnam sells to Dung Quat oil refinery does not bear the export tax, [...]
VNBusinessNews – The British Marine Equipment Association and the Ports and Terminals Group are bringing a trade mission to Viet Nam from February 24 to 27 to participate in the exhibition Maritime Viet Nam 2009 in Ho Chi Minh City, the British Consulate General announced Monday. Members of the group will also be visiting shipyards [...]