Cooperation on business

Binh Phuoc (VNA) – A Japanese business delegation led by Sakai Hironori, President of the Japan-Vietnam Friendship Association in Hyogo prefecture, on January 21 had a working session with leaders of the Binh Phuoc People’s Committee, toward promoting investment in the southern province. At the event, Chairman of the Binh Phuoc People’s Committee Tran Tue Hien welcomed the association’s interest in the province’s investment climate, saying that Binh Phuoc hopes the association will serve as a bridge to help Japanese firms understand more about the province’s potential. He briefed the guest on Binh Phuoc’s economic growth and geographical advantages. According to Hien, Binh Phuoc is home to 230 foreign-invested projects, including four run by Japan. Sakai Hironori, for his part, said he will bring more Japanese businesses to the province to learn about the local investment environment and seek cooperation opportunities. According to Sakai, … [Read more...] about Japanese businesses seek investment opportunities in Binh Phuoc

The resolution defined the general goal of developing the private economic sector in a healthy, effective and sustainable manner, turning it into an important driving force of the socialist-oriented market economy, helping achieve rapid and sustainable socio-economic development, constant improve the people’s living conditions, realize social progress and equity, ensure national defence-security and early turn the country into an industrialised nation towards modernity. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 21

Phan Thi Thanh Xuan: Vietnam’s leather and footwear sector has faced difficulties in design and market access. Meanwhile, Italy has strength in this sphere. The Italian side visited Vietnam and launched a cooperation project with Lefaso, aiming to develop the workforce for the industry. … [Read more...] about Domestic firms advised to observe export regulations

Grab launched food delivery service one year ago and it has been expanding the business, with the service available in 15 cities/provinces. GrabFood recently stated that the number of orders had increased by 250 times daily by mid-May compared with the end of June 2018. … [Read more...] about The battle in the e-hailing market among the ‘big four’

Hanoi (VNA) – The Vietnam Petrochemical and Fiber Joint Stock Company (VNPOLY) and Shinkong Synthetic Fibers Corporation (SSFC) from China’s Taiwan have agreed to work together to produce drawn textured yarn (DTY) in Vietnam. A cooperation agreement to this effective was inked between the two companies’ representatives in Hanoi on January 20. Under the agreement, SSFC will be in charge of providing raw materials and selling products, while VNPOLY with technical assistance so the Vietnamese firm can improve product quality and facilitating high-end market expansion. Initially, the two sides will run at least 10 DTY production lines at VNPOLY and will gradually operate all DTY line in the future./. … [Read more...] about VNPOLY, SSFC team up for yarn production