The Hanoitimes - The Ministry of Planning and Investment was drafting a circular on a venture capital fund to create a legal framework for promoting start-ups and make Vietnam a start-up nation. The draft, which is now being raised for public comments, would regulate the establishment, management and operation of venture capital funds for start-ups in Vietnam. The draft circular said that venture capital into start-ups was defined by investors contributing funds in a start-up or by buying stakes to launch the business or increasing equity when the business had not earned a pre-tax profit. It would take only three days to launch a venture capital fund in Vietnam, according to the draft circular. In addition, the operation of a venture capital fund would not apply regulations on the equity investment fund. A venture capital fund could raise additional capital from existing members or new members but would not be allowed to borrow money for investments. The draft circular was raised … [Read more...] about The draft to support Vietnam’s start-ups businesses
Apple support vietnam
Vietnam lifts ban on French beef
Vietnam lifts ban on French beef Tu Hoang By Tu Hoang - The Saigon Times Daily HANOI – Vietnam has approved a resumption of beef imports from France after an 18-year ban, French Secretary of State for Trade, Crafts and Social Solidarity Economy Martine Pinville told a press briefing in Hanoi Tuesday. Pinville said Vietnam announced to resume beef imports from France in May and that what was inappropriate for bilateral relations between the two countries should be ended. Like other ASEAN countries, Vietnam banned imports of French beef 18 years ago due to the mad cow disease scare. However, Vietnam was the last country in ASEAN to remove the French beef import ban. Pinville said she had presented 22 applications of French firms for exporting beef to Vietnam to the Ministry of Agriculture and Rural Development and hoped there would be good results in August. According to French Ambassador to Vietnam Jean-Noel Poirier, Vietnam has just allowed imports of boneless beef from … [Read more...] about Vietnam lifts ban on French beef
HCM City, Hanoi Binh Duong, Bac Ninh compete for Apple’s investment
VietNamNet Bridge – Soon after the news that Apple plans to build a $1 billion Asia-focused database center in Vietnam was released, the local authorities of HCM City, Binh Duong and Bac Ninh provinces all expressed hope that the center would be set in their localities.“We are ready”: HCM City Nguyen Van Hung, deputy director of the HCM City Planning and Investment Department, said the city sent a delegation of high-ranking officials to the US where they had meetings with Apple. However, Hung declined to give detailed information about the working session. He just affirmed that HCM City welcomes high-technology projects. Meanwhile, Le Hoai Quoc, head of the HCM City High-technology Park Management Board, said the board also had a meeting with Apple’s representative the year before. “The city is willing to introduce to Apple the most advantageous places for its investment projects,” Quoc said. “However, it seems that they have chosen … [Read more...] about HCM City, Hanoi Binh Duong, Bac Ninh compete for Apple’s investment
Vietnam, Japan lift bilateral relations to new heights
Nhan Dan Online/VNA - During their talks in Tokyo on March 18, President Truong Tan Sang, currently on a state visit to Japan, and Japanese Prime Minister Shinzo Abe agreed to establish an extensive strategic partnership between the two countries for peace and prosperity in Asia. Following is the full text of the statement on the establishment. 1) At the invitation of Japan, President of the Socialist Republic of Vietnam Truong Tan Sang and Madam Mai Thi Hanh paid a State Visit to Japan from 16 to 19 March, 2014. During the visit, Their Majesties the Emperor and Empress of Japan hosted a welcoming ceremony and a State Banquet in honour of the guests. President Truong Tan Sang expressed his sincere gratitude to Their Majesties the Emperor and Empress, the Government and the people of Japan for the warm welcome and hospitality extended to him and the Vietnamese delegation. 2) On 18 March 2014, Prime Minister of Japan Shinzo Abe and President Truong Tan Sang held a summit … [Read more...] about Vietnam, Japan lift bilateral relations to new heights
Vietnam products losing out to imports
The Hanoi Times - Carrying a South Korean-made bottle of washing liquid in one hand and a bag of New Zealand apples in the other, Nguyen Thu Ha said she usually opted for imports because the quality is better. "Who can tell me home-made products are better than imported ones?" said the 35-year-old housewife. "No one can deny it's common sense to buy foreign products." As many as 77 per cent of Vietnamese people prefer imported consumer products, according to Deputy Chairwoman of the Viet Nam Retailer Association Dinh Thi My Loan, who was quoting the latest survey conducted by a market research company. The association also conducted a survey to find out why people were making this choice. In the feedback, many people complained that it was not easy to find Vietnamese products while the market was flooded with Chinese goods. Loan said it was local retailers who were to blame for not advertising their products. "If no one knows about it, who will buy it?" she … [Read more...] about Vietnam products losing out to imports