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As e-commerce is a field which needs significant capital, Vietnamese businesses without a parent company with strong financial potential would not be able to develop and compete as they are only allowed to access capital from the narrow list of investors announced periodically by the Ministry of Industry and Trade, he said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

He congratulated Saysomphone Phomvihane on being re-elected as a Politburo member of the LPRP (11th tenure) and expressed his belief that under the leadership of the new Politburo and the LPRP Central Committee, the Lao people will reap even greater achievements in the process of national construction and defence and successfully realise goals and political tasks set by the Resolution of the 11th Congress of the LPRP. … [Read more...] about VIETNAM NEWS JANUARY 20

Hanoi (VNA) – The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has agreed to provide 1.5 trillion VND (65.1 million USD) in credit for the PetroVietnam Gas Corporation (PV Gas) to finance the second phase of the adjusted Nam Con Son 2 Gas Pipeline Project. The credit agreement marks a new milestone in the comprehensive strategic partnership established in 2018 between the two State-owned enterprises. Part of the Master Plan for Vietnam’s Gas Industry Development to 2025 and a vision until 2035, the project is significant for the synchronous development of infrastructure in the country’s gas industry and will help enhance the capacity and flexibility of local gas projects. The first phase, laying 151 km of undersea pipeline off the coast of southern Ba Ria-Vung Tau province, was completed in 2015. The second phase will build main pipelines for transporting gas from the Cuu Long and Nam Con Son fields to the mainland. PV Gas General … [Read more...] about Vietcombank provides 65 mln USD in credit to PV Gas pipeline project

One of the largest MLM enterprises in Vietnam, Stella Ivy Cosmetic will continue operations under a new name Stella Ivy Cosmetic Co., Ltd., a distributor of Oriflame-branded products, which used to be one of the four multi-level marketing (MLM) companies with the largest revenue in Vietnam, officially stopped operation after its license expired. Subsequently, it established a new legal entity named Oriflame Vietnam Co., Ltd., operating under the same direct sale model. … [Read more...] about MLM enterprises dodge licencing by setting up new entities