Business news

The Vietnamese Government commits to creating favorable ways for Singaporean enterprises to do successful business in Viet Nam and stands ready to listen to their comments, said PM Nguyen Xuan Phuc. PM Nguyen Xuan Phuc (3rd from R) and the Singaporean business delegation, Ha Noi, July 15, 2019 - Photo: VGP/Quang Hieu PM Nguyen Xuan Phuc received a Singaporean business delegation led by the Singapore Business Federation (SBF) and the Singapore Enterprise (ESG) to promote investment and business cooperation in Viet Nam on July 15 in Ha Noi. PM Phuc said that last April, he attended the Viet Nam-Singapore business forum which attracted 700 delegates and witnessed the signing of about US$ 10 billion cooperative agreements. He thanked SBF and ESG for hosting the forum which contributed to promoted economic cooperation. The PM highly praised business operation of Singaporean enterprises in Viet Nam. The Vietnamese Government has always spared no effort to stabilize … [Read more...] about PM receives Singaporean business delegation

Việt Nam rejects China’s statement on sovereignty over Trường Sa islandsKorean scholar says states should not resort to forceChina asked to withdraw ships from Việt Nam’s territorial watersViệt Nam voices concern over developments in East Sea at AMM-52VN consistently protects sovereignty in East Sea: spokeswoman     Military officers of the Vietnamese Navy's Second Regional Command wave to the officers and experts stationed on the DK1/15 economic, scientific and technological service rig, which is based in the Phúc Nguyên shoal (internationally known as Prince Consort Bank) in the southern continental shelf of Việt Nam. — VNA/VNS Photo Thành Đạt No country has the right to arrogantly and callously ask Việt Nam to stop exploring oil and gas fields in waters where Việt Nam holds sovereignty and sovereign rights, says the Vietnam News … [Read more...] about Việt Nam consistently exercises, safeguards sovereignty by peaceful measures

Viettel Peru's profit before tax exceeded the plan and increased by 2.5 times over the same period last year, while revenue growth reached double digits (Photo: ictnew.vn) Hanoi (VNS/VNA) - Bitel, a subsidiary of the Viettel Military Industry and Telecoms Group in Peru, reported that its total revenue reached 274.2 million USD and profit before tax of 24.5 million USD in the first nine months of this year. Viettel Peru's profit before tax exceeded the plan and increased by 2.5 times over the same period last year, while revenue growth reached double digits. Currently, Bitel is operated by the Viettel Foreign Investment Joint Stock Corporation (Viettel Global), but Bitel's business results have not been incorporated into Viettel Global's report due to the law provisions in Peru. Therefore, if calculating the total profit from foreign investment activities in the first nine months of this year made by Viettel Global, the figure will be more than 91 million USD, of … [Read more...] about Viettel Peru gains more than 24.5 million USD in 9 months

An apparel factory of the Far Eastern New Apparel Vietnam company in Bac Dong Phu Industrial Park of Binh Phuoc province (Photo: VNA) Paris (VNA) – President of the France-Vietnam Friendship Group at the French National Assembly Stephanie Do said the group strongly backs the signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA), which she described as a gateway for EU and Vietnam to access each other’s market more easily. In an interview granted to the Vietnam News Agency’s correspondent in Paris ahead of an official visit to France by Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan, the MP said the EVFTA plays an important role in promoting economic and commercial exchange, benefiting both the EU and Vietnam. She noted that France is the 16th biggest foreign investor in Vietnam, but accounts for less than 1 percent of the Vietnamese market. France wants to develop strongly bilateral relations in all aspects, so as to … [Read more...] about French parliamentarian backs EU-Vietnam free trade agreement

Workers at a timber export company in Vietnam (Illustrative image. Source: VNA) He talked about the official conclusion of legal review process for the EVFTA and agreement on the bilateral investment protection deal in an interview granted to Vietnam News Agency in Hanoi on June 28 after his recent working trip to Belgium. The minister said at a working session with EU Commissioner for Trade Cecilia Malmstrom in Brussels on June 25, the two sides agreed to divide contents related to investment protection and investor-state dispute settlement (ISDS) into a separate deal called the Investment Protection Agreement (IPA). The EU and Vietnam have completed all contents in preparation for the signing and ratification of the EVFTA and IPA, he said, adding that the legal review process for the two deals has been finalised. Vietnam is striving to complete the final stages to reach the signing of the EVFTA at the end of this year, he said. He noted that up to 99% of EU tariffs will … [Read more...] about EVFTA offers ‘golden’ opportunities for businesses