The central city of Da Nang is determined to a build startup destination for innovation and creativity, said Secretary of the municipal Party Committee Nguyen Xuan Anh.   Anh made the statement at the Da Nang Start-up Conference and Exhibition themed “Startup Technology and Ecosystem” on July 21, attracting more than 400 young entrepreneurs and startups from 27 countries and territories worldwide.  In order to achieve the goal of becoming a startup destination in ASEAN under a project on developing a startup ecosystem until 2020 with orientations to 2030, Da Nang is set to develop startup culture, raise young generations’ awareness of startups, continue refining relevant mechanisms and policies, develop startup network and expand cooperation to attract resources at home and abroad for the effort, he … [Read more...]

At their meeting on July 20 as part of the Deputy PM’s visit to Indonesia from June 19-21, the two sides showed delight at the recent progress of the Vietnam-Indonesia relations, especially the promotion of bilateral ties to strategic partnership in 2013. Megawati recalled good impression during her visit to Vietnam in 2003 as Indonesia’s President, during which the two sides signed a joint statement on the framework of friendly and comprehensive partnership entering the 21st century and the agreement on delineation of continental shelf, which laid a firm foundation for the two sides to beef up their relations in major areas. Deputy Prime Minister Vuong Dinh Hue meets leader of the ruling Indonesian Democratic Party of Struggle (PDI-P) Megawati Soekarnoputri. She affirmed that in any position, she will always support the strategic partnership between the two countries. Deputy PM Hue highly valued the great … [Read more...]

While reviewing relations between the two nations over the past 50 years, Say Chhum stressed that the Cambodian people will never forget the sacrifices of Vietnamese volunteer soldiers, who helped the Cambodian people escape from the genocidal disaster, revive and develop the country. He shared the common perspectives of Party General Secretary Nguyen Phu Trong and Cambodian King Norodom Sihamoni on the good neighborliness, traditional friendship, comprehensive cooperation and long-term sustainability between the two countries, and promised to join hands with other Cambodian leaders in further promoting ties with Vietnam. Vice President of the ruling Cambodian People’s Party (CPP) and President of the Senate of Cambodia Samdech Say Chhum (R) welcomes General Secretary of the Communist Party of Vietnam Nguyen Phu Trong. Having expressed his admiration for Vietnam’s great achievements over the past 30 … [Read more...]

In response to the cooperation programme advocated by the Vietnamese and Cambodian governments, Vietnam Rubber Industry Group (VRG) is a leading agricultural company to invest in Cambodia. The greenness of rubber tree forests grown by VRG has brought fresh life to Cambodian workers. In an interview granted to Vietnam Business Forum, Mr Vo Suc Luc, President of Vietnam Rubber Industry Group, expressed his pride in the Group's great activities and contributions to the Vietnam - Cambodia solidarity and friendship. Hoang Tham reports. From the perspective of a company that invested early in rubber cultivation in Cambodia according to the cooperation spirit of the two governments, how do you assess the cooperation tradition between Vietnam and Cambodia over the past 50 years, and future cooperation prospects? Both Vietnam and Cambodia want to maintain a peaceful and stable environment to focus … [Read more...]

NDO/VNA – Party General Secretary Nguyen Phu Trong and King Norodom Sihamoni reiterated the ‘good neighbours, traditional friendship, and sustainable, long-term, comprehensive cooperation’ between Vietnam and Cambodia during a gala dinner hosted by the Cambodian King for the visiting Vietnamese Party chief in Phnom Penh on July 20. King Norodom Sihamoni said Party General Secretary Trong’s State visit to Cambodia will contribute to tightening the solidarity and friendship between the two countries. “The visit is a vivid manifestation of the enhanced friendship, fraternity and long-standing cooperation between Vietnam and Cambodia, hence bringing peace and development to both people and contributing to maintaining stability in the region and the world at large,” he said. The King noted that the exchange of official visits by Vietnamese and Cambodian leaders, which brought about good results, have contributed to strengthening the … [Read more...]

NDO/VNA – Party General Secretary Nguyen Phu Trong and King Norodom Sihamoni reiterated the ‘good neighbours, traditional friendship, and sustainable, long-term, comprehensive cooperation’ between Vietnam and Cambodia during a gala dinner hosted by the Cambodian King for the visiting Vietnamese Party chief in Phnom Penh on July 20. King Norodom Sihamoni said Party General Secretary Trong’s State visit to Cambodia will contribute to tightening the solidarity and friendship between the two countries. “The visit is a vivid manifestation of the enhanced friendship, fraternity and long-standing cooperation between Vietnam and Cambodia, hence bringing peace and development to both people and contributing to maintaining stability in the region and the world at large,” he said. The King noted that the exchange of official visits by Vietnamese and Cambodian leaders, which brought about good results, have contributed to strengthening the … [Read more...]

GE Healthcare in collaboration with Friendship Hospital yesterday the new high performance GE CT scanner launching ceremony and the symposium on Diagnostic Imaging on Cardiac with the participation of  government officials, international medical experts, a large number of managers and doctors from big hospitals across the country. Investing on the new high performance GE CT scanner is considered as a breakthrough in cardiac diagnosis and treatment of Friendship Hospital. “Friendship Hospital invested in CT 64 detector rows technology since the early days to improve the quality of cardiac disease treatment. However, this method still has some drawbacks. In order to solve these problems to meet professional requirements, we recognize the need to invest in 256 detector rows and GE Revolution CT scanner is our most appropriate choice,” said Assoc. Prof. Nguyen Thanh Ha, … [Read more...]

In the context of Vietnam's deeper integration into the world economy, Vietnamese businesses have facing intense competition pressures, and Tien Phong Plastic is no exception. But, with a tradition built up over more than half a century of construction and development, plus the dynamism and innovation of the management, Tien Phong Plastic has always affirmed its No. 1 brand position in the Vietnamese plastic pipe industry, as evidenced by the many awards and titles granted it by the Party and State, and gradually reached out into international markets. In 2016, the plastic pipe industry witnessed the participation and expansion of many new domestic brands. Particularly when Vietnam entered into bilateral and multilateral trade agreements, rivals from Europe and from the region (especially Thailand) triggered great market pressures. But Tien Phong Plastic had strong growth in revenue and profit in the … [Read more...]

The first half of 2017 has passed, and while no investor has announced plans to buyout a domestic cement company, signs of an impending takeover have not decreased. RELATED CONTENTS: SCG gunning for increased market share after takeover TH Group cement co-operation with Japanese partner Cement export tax burdens domestic firms PM asks Thailand’s SCG group to expand investment in Vietnam Cement sector attracting foreign investment Recently, M&A development in the construction materials sector has been one-sided as foreign companies take over domestic counterparts. In March 2017, SCG Cement and Building … [Read more...]

The State visit to Cambodia of the Vietnamese Party General Secretary is viewed as a reaffirmation of Vietnam’s consistent policy of attaching importance and giving high priority to consolidating and strengthening relations with Cambodia and the Cambodian People’s Party (CPP) in a stable and sustainable manner. The visit also aims to boost mutual understanding and trust between the Communist Party of Vietnam (CPV) and the Cambodian People’s Party, as well as bolster traditional friendship of the two countries’ leadership and the two peoples and defeat hostile forces’ plots to undermine the traditional good relationship between Vietnam and Cambodia. Vietnamese Party General Secretary Nguyen Phu Trong welcomed at Pochentong International Airport. Photo: VNA What is more, the visit is expected to speed up the implementation of agreements and deals signed by leaders of the two countries, and … [Read more...]

The ASEAN Economic Community (AEC) can be a major catalyst for national growth, but few Vietnamese businesses have grasped the concept and its importance, officials and experts said at a seminar on Wednesday. Workers at a garment production line of Star Fashion Company in Phu Nghia Industrial Park, Ha Noi. - VNA Photo Trong Dat The seminar, titled “50 years of ASEAN: ASEAN Economic Community - Opportunities for Vietnamese enterprises”, was jointly organised by the Ministry of Foreign Affairs (MoFA) and the Economic Research Institute for ASEAN and East Asia (ERIA). Discussions focused on the AEC’s role in facilitating the entry of Vietnamese businesses to enter Southeast Asian markets, and businesses’ approach to this potential. Le Luong Minh, ASEAN Secretary General, noted that Viet Nam has … [Read more...]

Merger and acquisition (M&A) activities in Vietnam in 2017 will need a big push, as the market is forecasted to go through a slowdown due to a lack of large deals from foreign investors as well as the state’s delay in divestment from state-owned enterprises. VIR editor-in-chief Le Trong Minh at the press conference According to the report released at the press conference this morning, in 2016, the total value of M&A deals in Vietnam reached a nine-year record of $5.8 billion, signifying an 11.92 per cent increase against 2015 performance. However, since the end of 2016, M&A activities have been slow, with an acute lack of large deals. In the first quarter of 2017, the total value of M&A deals in Vietnam was only $1.1 billion. This opinion was voiced by experts at “Vietnam M&A … [Read more...]

NDO/VNA – Deputy Prime Minister Vuong Dinh Hue held working sessions in Jakarta on July 19 with Indonesian Foreign Minister Retno Marsudi and Minister of Trade Enggartiasto Lukita to seek ways to further expand the partnership between the two countries. Deputy PM Vuong Dinh Hue, who is on a visit to Indonesia from June 19-21, affirmed that the establishment of the strategic partnership between Vietnam and Indonesia in 2013 opened up a new chapter in bilateral cooperation, contributing to the comprehensive development of ties. He suggested that both sides should continue beefing up their traditional friendship and strategic partnership through increasing the exchange of high-level delegations, effectively implementing the existing cooperation mechanisms and boosting all-round collaboration. The two sides expressed delight at the strong growth of the bilateral partnership, especially in economy, trade and investment. Deputy PM Vuong … [Read more...]

NDO/VNA – Deputy Prime Minister Vuong Dinh Hue held working sessions in Jakarta on July 19 with Indonesian Foreign Minister Retno Marsudi and Minister of Trade Enggartiasto Lukita to seek ways to further expand the partnership between the two countries. Deputy PM Vuong Dinh Hue, who is on a visit to Indonesia from June 19-21, affirmed that the establishment of the strategic partnership between Vietnam and Indonesia in 2013 opened up a new chapter in bilateral cooperation, contributing to the comprehensive development of ties. He suggested that both sides should continue beefing up their traditional friendship and strategic partnership through increasing the exchange of high-level delegations, effectively implementing the existing cooperation mechanisms and boosting all-round collaboration. The two sides expressed delight at the strong growth of the bilateral partnership, especially in economy, trade and investment. Deputy PM Vuong … [Read more...]

NDO – With their own potentials and strength, Vietnam, Guangdong province of China and Hong Kong could enhance their cooperation regarding investment and trade for economic development and common interests, heard a business symposium in Hanoi on July 19. Held jointly by the Vietnamese Ministry of Foreign Affairs, Vietnam Chamber of Commerce and Industry, Department of Commerce of Guangdong Province and Hong Kong Trade Development Council, the Vietnam-Guangdong-Hong Kong business symposium attracted nearly 300 delegates from government agencies, businesses and authorities from 12 provinces and cities of Vietnam and China’s Guangdong and Hong Kong. Speaking at the opening, Deputy Minister of Foreign Affairs Le Hoai Trung affirmed that Vietnam and China have taken significant steps to promote their comprehensive strategic cooperative partnership, with bilateral trade turnover hitting US$72 billion last year, accounting for one fifth of Vietnam’s total … [Read more...]

On July 20, VIR and AVM Vietnam will co-organise a press-conference to officially announce The Vietnam M&A Forum 2017, scheduled to take place on Thursday, August 10, 2017 at GEM Centre, Ho Chi Minh City. A platform for the Vietnamese and world business community, experts, and policy-makers to discuss the exciting developments in the world of M&A As the ninth edition of the annual economic event under the theme “Seeking a Big Push,” the Vietnam M&A Forum 2017 will welcome 30 international and Vietnamese guest speakers and 500 senior leaders of investment funds, Vietnamese and international corporations, as a platform to meet and share opportunities as well as experiences from the most notable deals of 2016-2017. Additionally, the participants will be able to meet international investors from the US, … [Read more...]

Mitsubishi Motors Vietnam affirmed it will inject more capital into its auto assembly facility in the country to expand production and made plans to sale electric cars despite lower tariffs on imported completely built-up units from the ASEAN. Mistubishi announces plans to ramp up investments in Vietnam Osamu Masuko, chief executive officer at Mitsubishi Motors Corp., announced the corporation’s plans to increase capital in Vietnam as well as pushing green designs in the Vietnamese automobile market at the meeting with Prime Minister Nguyen Xuan Phuc and leades of the Ministry of Industry and Trade yesterday.  The company is looking forward to further investments in modern assembling technology and selling electric vehicles in Vietnam, which would contribute to the country’s environmental protection efforts, … [Read more...]

Mitsubishi Motors plans to produce electric cars using advanced technology in Việt Nam, Osamu Masuko, its CEO, said to Prime Minister Nguyễn Xuân Phúc on Tuesday. Prime Minister Nguyễn Xuân Phúc and Osamu Masuko, the CEO of Mitsubishi Motors. Việt Nam will create favourable conditions for auto manufacturers to establish operations, as per the automobile industry development strategy. - Photo VNA Masuko said the car would be suitable for the Vietnamese market as its goal was efficient use of energy and environment protection. The group wants to make more investments and expand in Việt Nam, which has a population of more than 90 million people, an attractive investment environment, and is part of the ASEAN. The Nissan-Mitsubishi alliance is scouting for a location in … [Read more...]

Over the years, the Japanese Government has supported the enhancement of cooperation between JICA and ASEAN, he said, adding that Japan has become a leading provider of official development assistance (ODA) for ASEAN, and is the second largest trade and investment partner of the association.  JICA will focus on cooperation in infrastructure  He cited JICA statistics that Japan has poured about JPY 16 trillion into ASEAN countries, contributed to economic growth and poverty reduction in the bloc and supported its member nations to reach United Nations (UN) targets.  Japan has also contributed to the development of the bloc via infrastructure development and cooperation in finance, technology and human resources development, he said.  With the assistance of JICA, many ASEAN countries have reached encouraging economic growth such as Vietnam (6.47 percent), Thailand (4.98 percent), and Indonesia (3.86 … [Read more...]

NDO/VNA – On July 18 Prime Minister Nguyen Xuan Phuc received ASEAN Secretary-General Le Luong Minh and President of the Economic Research Institute for ASEAN and East Asia (ERIA) Hidetoshi Nishimura, who are currently in Hanoi for a talk on measures to boost intra-bloc links. The PM hailed the contributions of the ASEAN Secretariat, especially those made by ASEAN Secretary-General Le Luong Minh. Among the initiatives and cooperative programmes of the bloc, Vietnam is particularly interested in implementing an Initiative for ASEAN Integration and a Master Plan on ASEAN Connectivity 2025, he stressed. The group needs to forcefully promote its role and strengths, contributing to the building of a better world, he said, affirming that Vietnam will continue to be a responsible member in realising ASEAN’s common goals, as well as in solving challenges in the development process of the group. ASEAN and Vietnam should work closely in … [Read more...]