Bai Bac Beach was transformed when the InterContinental Danang Sun Peninsula Resort was put into operation Attending an investment promotion conference in the central province of Phu Yen last year, Prime Minister Nguyen Xuan Phuc described the leading local and international investors as mighty eagles and key projects as the sustainable and durable nests of these majestic creatures. The conference offered a platform for Phu Yen to advertise its potential and attract investment to its strongly-performing sectors, such as sea-based economy, tourism, high-tech agriculture, agro-forestry and fishery processing, minerals, and renewable energy development. However, it may be difficult for the province to develop sustainably if it fails to attract huge projects to create a driving force for satellite projects. Phu Yen boasts a long coastline with a deep-water seaport, airport, national highway, railway system, and many beautiful landscapes, but PM Phuc believes it remains a sleeping … [Read more...] about A sweet home for mighty investors
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BUSINESS NEWS IN BRIEF 16/3
Binh Quoi-Thanh Da urban area project attracts 10 potential investors An aerial view of Binh Quoi-Thanh Da Peninsula Ten entities have so far put their names down to join a public tender for developing the Binh Quoi-Thanh Da ecological urban area, according to the HCMC Department of Planning and Investment. The municipal Department of Planning and Investment is in the process of preparing draft regulations for the tender and will then submit them to the city’s government for approval. To select financially capable participants, the city will issue some requirements, including placing deposits or pledging a certain amount of money to ensure the project will be executed as planned. The roster of these firms includes Roytrade Company; FED Vietnam; Petro Dong Nam A Trading Co., Ltd.; an alliance between Golden Star and another firm; an alliance of Thuan Tuan Service and Trading Investment JSC and Golden Wealth Global Pty Company; Environment and Traffic Congestion Handling JSC; Gia … [Read more...] about BUSINESS NEWS IN BRIEF 16/3
BUSINESS NEWS IN BRIEF 14/3
Brazil begins AD sunset review on Vietnam’s rubber tyres for bicycles A rubber tyre for bycicles (Illustrative photo: Ministry of Industry and Trade) The Department of Commercial Defence (Decom) under Brazil’s Ministry of Industry, Foreign Trade and Services has initiated a sunset review of the anti-dumping duty order on new rubber tyres for bicycles classified under NCM 4011.50.00 from Vietnam, India, and China. Decom initiated anti-dumping duties against the product in December 2014, with duties imposed on Vietnam’s rubber bicycle tyres standing at 0.59-2.8 USD per kg. The department required exporters of relevant countries to respond to questionnaires indicating the information necessary to the investigation on Decom’s portal decomdigital.mdic.gov.br. They shall have a 30-day deadline for response, counting from the date of notification. The deadline can be extended up to 30 days based on request of relevant sides, the Brazilian authority added. … [Read more...] about BUSINESS NEWS IN BRIEF 14/3
BUSINESS NEWS IN BRIEF 19/12
VN wood and furniture firms eye Mexico, Canada Mexico and Canada will be promising markets for Viet Nam’s wood and furniture products when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in early 2019, according to the Ministry of Industry and Trade. Deputy Minister Tran Quoc Khanh said exports to Canada were worth over US$129 million last year and are expected to top $140 million this year. “The CPTPP will open opportunities for products such as wood flooring and bars to Canada because the market will immediately scrap the import tariff of 3.5 per cent when the agreement comes into effect. “Products such as plywood, picture frames, door frames and especially furniture will also have an opportunity because import tariffs of between 6 per cent and 9.5 per cent will be eliminated as soon as the agreement comes into effect. “Wooden handicrafts will also benefit when Canada agrees to abolish the 7 … [Read more...] about BUSINESS NEWS IN BRIEF 19/12