“The Vietnam government has signed many free and bilateral trade agreements with a large number of partners,” Deputy Minister Tu said at a recent seminar, with hopes that they would serve as a platform for local businesses to springboard into the export market. Additionally, with the dong depreciating against the US dollar, Deputy Minister Tu reiterated that now is a good time to re-evaluate the possibilities presented by the global market. “Fundamentally, the nation’s currency is still strong even with the US dollar strengthening” Tu said. “Inflation remains under control, we have full employment and the Made-in-Vietnam brand is, albeit much to slowly, gaining in international recognition.” Local businessmen and women need to be hungrier for exports and more steadfast in their determination to actively seek out and pursue every avenue for growth that presents itself. Though it is true that a stronger US dollar also means more expensive imports … [Read more...] about SMEs advised to seize opportunities with both hands – Economy
Entrepreneurial organizations seek opportunities for innovation
A growing market
Mr. Don Rubright, CEO of CPKelco (a company of Huber Corporation) told of the potential of food and beverage industry and the company's business strategies in Vietnam. He just paid a visit to HCMC on August 3rdand also joined the meeting with Vietnam leading food producers organized on the same day. Mr. Don Rubright, CEO of CPKelco. Would you please give a short introduction of CPKelco global and its business activities in Vietnam?CPKelco is the preferred innovation leader in the production of natural hydrocolloids, including Pectin, Carrageenan, CMC, Gellan gum & Xanthan gum. CPK is owned by Huber family. Huber has more than 125 years history as family owned business in US and have been through 6 generations as part of this family owner ship. CPKelco is a Global company with local reach and our Regional HQ for Asia Pacific is located in Shanghai China. Our Regional Hub office for South East Asia is located in Singapore and CPKelco have local people in most SEA countries in … [Read more...] about A growing market
BUSINESS IN BRIEF 3/7
HN seeks higher business ranking The information was made public at the fifth conference of the Ha Noi Party Committee (16th tenure) held on Monday. The conference turned the spotlight on the socio-economic development plan for the period 2016-20, targeting Gross Regional Domestic Product (GRDP) growth of 8.5-9 per cent and per income capita at VND140-145 million (US$6,268-6,492). Social investment mobilisation is expected to be VND2.5-2.6 quadrillion in the next four years. In the economic structure, the service and construction industry account for 67-67.5 per cent and 30-30.5 percent, respectively, while agriculture makes up 2.5-3 per cent. Regarding urban infrastructure development, the capital city is striving to become a green and modern urban area. Its target is to increase the rate of public transportation to 20-25 per cent, zone off 10-13 per cent of urban land for transportation and make the city greener by planting one million trees. The secretary of the municipal Party … [Read more...] about BUSINESS IN BRIEF 3/7
BUSINESS IN BRIEF 1/7
Conference seeks to raise business competitivenessAdministrative reform, integration and business competitiveness drew the attention of associations and enterprises at a conference in Ho Chi Minh City on June 29. Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc, who is also deputy head of the Prime Minister’s Advisory Council for Administrative Procedure Reform, highlighted Resolution 35 dated May 16, 2016 on supporting and developing enterprises to 2020 as the Government’s first long-term policy on business development. The resolution affirms the important role played by private firms in the country’s industrialisation and modernisation, and improving the national economy’s competitiveness, he said. Under the document, Vietnam aims to have about 1 million enterprises which are competitive and run in a sustainable manner. Of the total, more than 30 percent will be innovators. Private firms are expected to make up half of national GDP. … [Read more...] about BUSINESS IN BRIEF 1/7
BUSINESS IN BRIEF 12/10
Foreign investors to meet in annual investment conference More than 250 financial experts and investors from Vietnam, Thailand, Malaysia, Japan, Singapore, the US and the EU will attend the second foreign investment conference in Ho Chi Minh City on November 4. Co-hosted by the Ho Chi Minh Stock Exchange (HOSE) and financial data provider Stoxplus, the annual conference themed “Vietnam Stock Market: On the Way to Emerging Markets” will discuss promoting Vietnam’s securities market to an emerging market (EM) classification. HOSE Deputy General Director Tran Anh Dao said foreign investors will be provided with information about Vietnamese government activities to accelerate the upgrade Vietnam’s securities market to EM status. They will learn more about a regulation allowing them to increase up to 100 percent of voting shares in a Vietnamese public company. A majority of foreign investors agreed that Vietnam is increasingly attractive thanks to its economic stability and the high … [Read more...] about BUSINESS IN BRIEF 12/10