Deutsche Bank appoints new chief country officer for Vietnam Deutsche Bank has just announced the appointment of Hans-Dieter Holtzmann (49) as chief country officer and head of Global Transaction Banking (GTB) in Vietnam, effective from August 16, 2018. In his capacity as chief country officer, Holtzmann will report to Werner Steinmueller, member of the Management Board and APAC Head of Deutsche Bank, and in his GTB capacity, to Kaushik Shaparia, head of Global Subsidiary Coverage, GTB Foreign Exchange and Corporate Cash Management for Asia. Announcing the appointment, Steinmueller said, “We are pleased to have a colleague of Hans-Dieter’s caliber in this role. As one of our key markets in Southeast Asia, our Vietnamese franchise has shown profitable growth and we are excited about the country’s outlook. This is why last year we significantly increased our capital base in this market, providing the bank with more resources to support our clients’ … [Read more...] about BUSINESS NEWS IN BRIEF 20/8
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BUSINESS NEWS IN BRIEF 16/8
Vietnam firms join Tamil Nadu food expo in India Seven Vietnamese enterprises are showcasing their products at Vibrant Tamil Nadu - Global Expo & Summit 2018 in the Indian state of Tamil Nadu, which runs from August 12-15. The food and beverage expo also features nearly 200 Indian firms and representatives from 29 other nations. Several workshops on food, processed food and beverages and measures to boost the sector’s development have been held at the event, along with meetings between participating firms and state authorities. The Vietnamese enterprises discussed the possibility of signing some memoranda of understanding on cooperation in food production and processing and on investment in industrial zones with Indian partners. Bui Trung Thuong, Chief of the Vietnam Trade Office in India, briefed Indian partners on Vietnam-India economic and trade ties, the prospects of the Vietnamese food sector and opportunities for the two countries’ businesses. India ranks 27th … [Read more...] about BUSINESS NEWS IN BRIEF 16/8
Vietnam’s exports in 2018: risks from protectionism anticipated
VietNamNet Bridge - The Ministry of Industry and Trade (MOIT), in its latest report on global trade and the impact on Vietnam, mentioned the possibility of a trade war and the risks of protectionism. Vietnam’s seafood exports in 2017 were satisfactory The signs of protectionism returning are clear. The US, for the first time after many years, has applied global safeguard measures in trade. According to secretary general of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe, Vietnam’s seafood exports in 2017 were satisfactory, with $8.3 billion worth of turnover, an increase of 18 percent over 2016. RELATED NEWS Vietnam in midst of trade war among world powers Vietnam trusts new CPTPP trade agreement Thanh Lich … [Read more...] about Vietnam’s exports in 2018: risks from protectionism anticipated
BUSINESS NEWS IN BRIEF 3/8
JLL reports on real estate M&A in first half Vietnam’s real estate market continued to exhibit irresistible appeal among foreign investors in the first half of 2018 and continued to witness high-value merger and acquisition (M&A) transactions in a variety of sectors such as residential, commercial, and industrial, according to Ms. Khanh Nguyen, Associate Director, Capital Markets, Vietnam, at JLL. Joint ventures have become popular among foreign developers who have strong financial capacity and track record, with them joining forces with local developers who own land and have strong connections with the local community. Foreign investors are from many different countries, such as Japan, South Korea, and Singapore, and with an increasing number of groups from Mainland China. JLL observes that there is an increasing number of local investors who are actively seeking real estate deals alongside foreign investors. 2018 started off with the acquisition of Sun Wah office tower … [Read more...] about BUSINESS NEWS IN BRIEF 3/8
Workshop updates Vietnamese firms on US trade regulations
Viet Nam News HÀ NỘI — Vietnamese exports have been the subject of 107 trade protection investigation cases in the United States, a Vietnam Chamber of Commerce and Industry (VCCI) official said. Nguyễn Thị Thu Trang, Director of the WTO Integration Centre under the VCCI, said of the 107 cases, 78 were anti-dumping investigations, 12 were anti-subsidy cases, and 17 were anti-tax investigations. The information was released at a workshop on new trends in law and trade protection organised by the VCCI in Hà Nội on Monday. Trang said the situation in the US regarding trade protection had changed significantly over the years, which had affected Vietnamese exports to the American market. “The US is one of Việt Nam’s largest export markets, but it is a place where Vietnamese exports are confronted with the numerous anti-dumping, anti-subsidy, and anti-tax investigations,” Trang said. “The amount of scrutiny … [Read more...] about Workshop updates Vietnamese firms on US trade regulations