Organizers of the event unveiled this year’s annual expo is expected to attract nearly 1,700 wholesalers, distributors, retailers and restaurateurs from more than 71 countries around the globe— with attendance to top 30,000. The event will provide exhibitors the opportunity to showcase their products, meet key decision makers, find distributors and gauge demand in this evolving market, they said. In addition it presents an invaluable way to learn more about the Russian market and competitor activities.
At a seminar held in Ho Chi Minh City on September 17 they said Vietnamese businesses need to compose suitable strategies to effectively exploit the two potential markets. When an ASEAN Community is formed in 2015, Vietnam will fully implement many regional free trade agreements, offering both opportunities and challenges for its businesses. Local businesses should build more distributors and communication agencies to raise public awareness about new products, the economists added. Truong Cung Nghia, Managing Director of Truong Doan Company, described Indonesia as one of the most attractive markets of the ASEAN Community due to its large population, rapid…... [read more]
Nhan Dan Online - A business exchange between companies from Japan's Kansai region and Vietnamese enterprises specialising in mechanical engineering and machinery manufacturing was held yesterday in Hanoi. The exchange was jointly organised by Vietnam's Ministry of Industry and Trade (MoIT) and Japan's Kansai Bureau of Economy, Trade and Industry (METI-Kansai) with the aim of boosting Vietnamese exports to Japan and also to appeal for Japanese investment in Vietnam's supporting industries. At the exchange, Japanese companies discussed the potential in, as well as obstacles facing, the business environment in Vietnam and stated that they believe the country's economic situation and…... [read more]
During their stay in the country, they will conduct market research, meet with potential partners and promote their products to boost exports to this African nation. They will focus on products, such as rice, coffee, pepper, coconut rice, frozen seafood, civil electronics, computers and components, agricultural machines, chemicals, steel, automobile spare parts, motorbikes, and construction materials. Algeria has high demands for these products due to local insufficient supplies. In addition, located in North Africa, Algeria is a gateway for Asian products to penetrate West and Middle Africa. Bilateral trade between Vietnam and Algeria has increased significantly in recent times. Vietnam’s…... [read more]
The Institute of Construction Economics under the Ministry of Construction said the debt to equity ratio of construction companies remains high, especially State-run enterprises are always unable to use their owner's equity for debt payment. Loss-making construction companies account for a significant proportion, especially SOEs. See mounting difficulties Director of T.H Construction Company in Thu Duc District, Ho Chi Minh City said: His company suffered a net loss of nearly VND700 million in 2011 because of material pricing and credit crunch. Construction material prices were quite low at bidding time but surged at the back of construction commencement. Wages also…... [read more]
Australian Senior Trade and Investment Commissioner Tony Burchill has highlighted the important role of mining to Vietnam and said that Australia can help the country to further develop its mining sector. Burchill said at a seminar held in Hanoi on May 11 on the occasion of the visit to Vietnam to explore business opportunities by a group of 10 Australian companies, including major mining contractors, project finance, as well as equipment, technology and mining services providers. As mining is a key sector for Vietnam, the visit is expected to "bring significant trade and industry development benefits to Vietnam as well…... [read more]