Vinatex completes 65% of yearly revenue target Viet Nam National Textile and Garment Group (Vinatex) has completed 65 per cent of the yearly target set for total revenues with its eight-month result (excluding VAT) reaching over VND31.45 trillion (US$1.34 billion). This figure also represented a rise of 7 per cent against the same period last year, the textile group reported in a filing to the Ministry of Planning and Investment. In August alone, it earned VND4.48 trillion in revenue, down 5 per cent year-on-year, of which turnover of the parent company and subsidiaries with its holdings of over 50 per cent capital reached almost VND1.74 trillion. Revenues from other affiliate companies in which the group holds less than 50 per cent capital reached a combined VND2.74 trillion. Vinatex attributed the growth in total revenues to increases in sales of fibre products (96,051 tonnes, up 9.5 per cent year-on-year), fabric of all kinds (100.7 million m3, up 18.6 per cent) … [Read more...] about BUSINESS NEWS IN BRIEF 1/9
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Singaporean standards boost CapitaLand’s profile in Vietnam
How important is the Vietnamese market for the development strategy of CapitaLand? Chen Lian Pang Vietnam plays an important role in CapitaLand’s development strategy. It is the third-largest market for CapitaLand in Southeast Asia, after Singapore and Malaysia. Vietnam is a key growth market for CapitaLand and we are seeing strong demand for vibrant, high-quality live-work-play spaces due to the rapid urbanisation and the evolving lifestyles of young and mobile Vietnamese people. Harnessing our vast experience across different real estate types, this upcoming integrated development will offer best-in-class practices in homes, offices, and malls, which will attract young Vietnamese urbanites, multinational companies, and local startups. What are CapitaLand’s biggest achievements in 24 years of operations in Vietnam? I can say that CapitaLand is now the biggest apartment unit provider and operator in Vietnam with a total of 33 projects, offering a total of just … [Read more...] about Singaporean standards boost CapitaLand’s profile in Vietnam
Food safety investment to boost agricultural exports
Improving the food safety of products like poultry, fruits, and vegetables is said to be the key to unlock new market opportunities, increasing the income of local farmers, food producers, and exporters, as well as helping Vietnam achieve its agricultural export turnover target of $40 billion in 2018. Over the next three years, IFC, a member of the World Bank Group, in partnership with New Zealand, will build awareness for increased food safety standards and deliver customised training programmes to about 1,000 smallholder farmers based on the basic level of GLOBAL G.A.P. requirements and other relevant standards. This project will also provide a more intensive package of support to a maximum of 20 smallholder farmers, helping them acquire the GLOBALG.A.P. certification—an internationally recognised set of farm standards dedicated to Good Agricultural Practices (GAP)—or equivalent standards. It will also find opportunities to connect the trained farmers with potential … [Read more...] about Food safety investment to boost agricultural exports
Czech Republic wants to boost business ties with Vietnam
Many Czech firms are looking for investment opportunities in Viet Nam and Viet Nam could do more to show that it is looking to do business with them, the Czech Republic’s Deputy Minister of Industry and Trade Vladimir Bartl has said. Czech Deputy Minister of Industry and Trade Vladimir Bartl tells a conference in HCM City yesterday that businesses in his country are looking for investment and trade opportunities in Viet Nam. - VNA/VNS Photo Viet Dung. Speaking at a conference in HCM City yesterday attended by Czech business delegations seeking customers and partners in Viet Nam, he said the Czech Republic has invested US$90 million in 36 projects in Viet Nam. Viet Nam and the Czech Republic have been partners for nearly 70 years, and his country ranks Viet Nam among its most important business partners in Asia and ASEAN, he said. But more can be done to reach their full bilateral trade potential, he said. Czech businesses can invest in fields such as infrastructure, … [Read more...] about Czech Republic wants to boost business ties with Vietnam
Czech Republic wants to boost business ties with VN
Czech Deputy Minister of Industry and Trade Vladimir Bartl tells a conference in HCM City yesterday that businesses in his country are looking for investment and trade opportunities in Viet Nam. – VNA/VNS Photo Viet Dung. Many Czech firms are looking for investment opportunities in Viet Nam and Viet Nam could do more to show that it is looking to do business with them, the Czech Republic’s Deputy Minister of Industry and Trade Vladimir Bartl has said. Speaking at a conference in HCM City yesterday attended by Czech business delegations seeking customers and partners in Viet Nam, he said the Czech Republic has invested US$90 million in 36 projects in Viet Nam. Viet Nam and the Czech Republic have been partners for nearly 70 years, and his country ranks Viet Nam among its most important business partners in Asia and ASEAN, he said. But more can be done to reach their full bilateral trade potential, he said. Czech businesses can invest in fields such as infrastructure, … [Read more...] about Czech Republic wants to boost business ties with VN