Prime Minister Nguyen Xuan Phuc (right) and his Lao counterpart Thongloun Sisoulith Photo: VNA At the 41th session of the Vietnam-Laos Inter-governmental Committee in Hanoi on January 6, co-chaired by Vietnamese and Laos prime ministers Nguyen Xuan Phuc and Thongloun Sisoulith, both leaders stated that their governments will boost the implementation of Vietnamese projects in Laos and vice versa, especially those in hydropower, air and seaports, electricity, and infrastructure. Another focus will also be placed on speeding up the implementation of delayed Vietnamese projects in the neighbouring country. According to a bilateral co-operation plan for 2019 signed between the two governments, “The two nations will further facilitate Vietnamese investors into Laos and Laotian investors into Vietnam to seek investment opportunities and deploy their projects. Priorities will be given to enterprises of both nations in implementing projects in areas along the borderline.” " In … [Read more...] about Joint projects a priority for Vietnam and Laos
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BUSINESS NEWS IN BRIEF 6/9
SSI upgrades stock board and order services for Web Trading SSI Web Trading, an online trading service from Saigon Securities, has upgraded its online stock board and updated two more conditional orders for derivative trading. The two new orders, namely OCO and Bull & Bear, are the two most useful orders in derivative trading. With this upgrade, all market data displayed on the board and order screen will be updated consecutively and immediately, helping investors track stock prices and follow transactions quickly and accurately. In June, SSI also upgraded its Web Trading by adding four more types of conditional orders. The continuous upgrades to the platform demonstrates SSI’s efforts in providing diversified, efficient trading tools for profit maximisation and risk prevention for clients when practicing derivative trading. With two new conditional orders, OCO and Bull & Bear, SSI has six types of conditional orders, including Up, Down, Trance Up, … [Read more...] about BUSINESS NEWS IN BRIEF 6/9
BUSINESS NEWS IN BRIEF 17/8
Masan takes full ownership of tungsten processing facility Masan Resources Corporation (UPCoM: MSR), one of the world’s largest integrated industrial tungsten mineral and chemical producers, announced that Nui Phao Mining Company Ltd. (NPMC), a wholly-owned subsidiary of the company, has acquired H.C.Starck GmBH’s (HCS) 49 per cent stake in Nui Phao-H.C.Starck Tungsten Chemicals Manufacturing LLC (NHTCM) for the total cash consideration of $29.1 million, and now owns 100 per cent of this company. NHTCM, previously a joint venture between NPMC and HCS, was established in 2013 and is a leading producer and global supplier of tungsten chemicals (ammonium paratungstate [APT], blue tungsten oxide [BTO], and yellow tungsten oxide [YTO]). NHTCM processes tungsten concentrate (TC), the main product of NPMC, into higher value-added tungsten products. In consideration of NHTCM’s contribution to the development of Vietnam’s high-tech industries, the Vietnamese Ministry of … [Read more...] about BUSINESS NEWS IN BRIEF 17/8
BUSINESS NEWS IN BRIEF 1/8
Vinh Phuc seeks investment from S Korea The northern province of Vinh Phuc promoted its potential and called for investment at a conference held in Gyeonggi Province in South Korea on Friday. Speaking before an audience of South Korean businesspeople, Chairman of Vinh Phuc provincial People’s Committee Nguyen Van Tri highlighted the province’s convenient location in Viet Nam’s northern key economic zone and favourable natural conditions suitable for industry, tourism and hi-tech agriculture. He informed the South Korean business circle that the province has made efforts to streamline its administrative procedures, upgrade infrastructure, especially at industrial zones, and train the local labour force. The provincial leader reported that Vinh Phuc is now home to more than 300 foreign direct investment (FDI) projects, including many run by South Korean corporations such as Partron Vina, Haesung Vina, Bangjoo and Interflex. Several more South Korean … [Read more...] about BUSINESS NEWS IN BRIEF 1/8
Da Nang tourism makes spectacular leap in past decade
A corner of Da Nang city (Photo: VNA) Hanoi (VNA) – Da Nang city has made a “spectacular” leap forward in tourism development over the past decade, said Chairman of Da Nang Tourism Association Huynh Tan Vinh. Located between two famous destinations of the ancient imperial capital of Hue and the ancient port city of Hoi An, Da Nang used to be merely a transit point without any outstanding attractions. Deciding to make tourism a spearhead sector, the city has invested in infrastructure, adopted policies to attract investors and created its own events, such as the international fireworks festival and international sport tournaments. The efforts have paid off, with a three-fold increase in the number of visitors from 1.2 million in 2008 to 6.6 million in 2017 and a ten-fold rise in tourism revenues, from 2 trillion VND in 2008 to nearly 20 trillion VND last year. Chairman of Da Nang Tourism Association Huynh Tan Vinh noted that in the past decade, hotel rooms in … [Read more...] about Da Nang tourism makes spectacular leap in past decade