“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
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
BUSINESS IN BRIEF 12/11
HCM City, Japanese firms ink semi-conductor MoU A memorandum of understanding for co-operating in developing HCM City's semiconductor industry was signed by Vietnamese and Japanese partners last Saturday. The MoU was signed by the HCM City Semi-conductor Industry Association (HSIA) and Kyushu Semiconductor Industries&Electronics Technology Innovation Association (SIIQ); and by HCM City's IC Design Research&Education Centre (ICDREC) and Japan's university-based venture company Radrix Co. Ltd. The agreement allows SIIQ and HSIA to exchange information, and staff; to help the two companies' subsidiaries towards establishing comprehensive co-operation in developing the semiconductor industry, and also promote Japanese investment in it. The MoU will help ICDREC and RADRIX to further implement the Design Project that has been signed between the two sides. Speaking at the signing ceremony, deputy Chairman of HCM City People's Committee, Le Manh Ha, said the semiconductor industry had … [Read more...] about BUSINESS IN BRIEF 12/11
SMEs advised to seize opportunities with both hands
(VOV) - Deputy Minister of Industry and Trade Nguyen Cam Tu has urged local small and medium sized enterprises (SMEs) to leverage on the country’s trade agreements to grow their exports. "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 … [Read more...] about SMEs advised to seize opportunities with both hands
BUSINESS IN BRIEF 17/9
HCM City hopes to be trustworthy business destination of Japan Chairman of the Ho Chi Minh City People's Committee Nguyen Thanh Phong has expressed hope that Ho Chi Minh City - an economic hub of Vietnam, would become a trustworthy business destination of firms from Japan in general and Kansai region in particular. During a reception for Chairman of the Kansai Economic Federation (Kankeiren) Shosuke Mori in Ho Chi Minh City on September 14, Phong pledged all possible support to Kankeiren members to do long-term business in the city. He informed his guest that the city has operated a Kansai desk since 2014 to assist Kansai businesses in exploring Ho Chi Minh City market. The city hopes Kansai region's companies will invest in waste treatment technology, urban flooding prevention and high-technology manufacturing, he said. Mori, for his part, said regional firms treasure economic and trade ties with Vietnam, in which Ho Chi Minh City is an important destination. Kankeiren member … [Read more...] about BUSINESS IN BRIEF 17/9