Business cell phones plans

Companies issue $7.7b worth of bonds in nine months The nine-month value is equal to nearly 80 per cent of the total bond issuance value in 2018. The figure is also lower than the total registered value of nearly VND276.9 trillion (nearly $12 billion), which means nearly VND98 trillion bonds were unsold. In September, 28 companies made 60 issuances with total capital raised of VND19.4 trillion (excluding international bond issues). Most bonds were three-year term with total value of VND13.5 trillion. Interest rates of bonds issued in September ranged between 6 per cent and 11 per cent per annum. Banks were the main player in the bond market with total issuance value of VND14.1 trillion in September, accounting for 72.78 per cent of total market value. Real estate companies followed with VND965 billion (4.97 per cent) and securities firm with VND413 billion (2.13 per cent). Bonds issued by banks also had the lowest interest rate, averaging only 6.71 per cent per year. Some companies … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 18

Yellow card pushes seafood industry developing sustainably Vietnam’s seafood exports have been seriously affected since the European Commission issued an official warning against illegal, unreported and unregulated (IUU) exploitation of Vietnamese seafood. The European Commission’s yellow card has seriously affected Vietnamese seafood firms, resulting in a downturn in export value to the EU and a shortage of input material. Given these acute challenges, this company has still raked in six million USD, recorded 12 percent export growth in the first eight months of 2019. This success looks like a timely change in tactics. The EU is no longer Vietnam’s second biggest seafood importer. With import value of 251 million USD, it now stands in fifth position. According to the Vietnam Association of Seafood Exporters and Producers, seafood exports to the EU have fallen, but have witnessed growth in other markets. Seeing the challenge as an opportunity to restructure, the … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 17

Deputy Prime Minister Vu Duc Dam speaks at the event (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vu Duc Dam affirmed that the Vietnamese Government always opens its door to foreign enterprises in his speech at the Vietnam Business Summit 2019 held in Hanoi on October 16. He highlighted that Vietnam’s economic growth ranked second globally as announced by the World Bank, making the country a destination for many firms across the world. The official suggested that businesses should pay attention to infrastructure, finance, banking, land as well as workforce training. Vietnam is now ready for the fourth industrial revolution, he said, adding that the country has stepped up the aplication of information technology in diverse areas, with improving information safety and security. President of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said prestigious international organisations are optimistic about Vietnam’s economic growth. Up to 90 percent … [Read more...] about Deputy PM addresses Vietnam Business Summit 2019

Plastics industry confident of achieving 3.2 billion USD export target The local plastic industry, with solid growth in shipments, will surely meet its yearly export target of 3.2 billion USD, according to the Vietnam Plastics Association. According to Ho Duc Lam, its chairman, said exports saw impressive growth last year to 3 billion USD while overall revenues jumped to 12 billion USD. “Exports in the first nine months of the year increased by 5 percent and will continue to enjoy good growth in the rest months of the year. “The US-China trade war has offered opportunities to Vietnamese plastics firms to boost exports.” According to the association, exports go to more than 150 countries and territories, with the US and Japan being key markets. In the domestic market, some industries, even those such as aerospace which use high-grade materials, are shifting to plastic products, and as a result sales have grown rapidly, Lam said. Locally-made plastic products are … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 16

Illustrative image (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has approved a plan to boost the sustainable development of the private business sector towards 2025 with a vision to 2030 with six major solutions. The solutions include continuing to improve the investment and business environment to ensure trust and promote the sustainable operation of private firms, encouraging businesses to apply sustainable models and cleaner production technology, and saving natural resources and protecting the environment. The plan underlines the promotion of innovative startups and the effective implementation of policies supporting small and medium sized enterprises, as well as increasing the capacity of governing and business management boards. Private firms will be encouraged to apply advanced technologies and exploit opportunities brought about by the Fourth Industrial Revolution, while business associations will play a greater role in assisting private companies to … [Read more...] about PM approves plan to boost sustainable growth of private sector