French Week in Vietnam 2010, running from November 23 to 27, is being organised by the French Embassy in Vietnam, the French Chamber of Commerce and Industry in Vietnam (CCIFV), UBIFRANCE, the French Agency for Development (AFD) and the French Foreign Trade Advisors (CCE). A series of high-profile France-Vietnam economic and trade exchange activities will take place this week in the capital city of Hanoi as part of the French Week in Vietnam 2010. The event's business-focused activities will include a multi-sector business exhibition, a French-Vietnamese business forum and a series of seminars on various business topics. According to its President, Marc Villard, the CCIFV will organise the multi-sector exhibition for the first time in Hanoi this year, and it is slated to be one of the most important business event of French Week in Vietnam 2010. Running from November 25 to 27 at the International Exhibition Centre at 91 Tran Hung Dao Street, Hanoi, the multi-sector event will … [Read more...] about Leading French brandnames showcased at French Week
Multi state workers compensation insurance
BUSINESS IN BRIEF 4/3
VN targets $11 bln in FDI disbursement Vietnam will focus less on the amount of foreign direct investment (FDI) registered capital, but more on FDI disbursement next year, expecting to dole out US$10-11 billion, said an official. The country sets a target of attracting $15-16 billion of FDI registered capital in 2012, with a focus placed on improving the projects’ quality and efficiency, and enhancing the State’s management, said Do Nhat Hoang, Head of the Foreign Investment Agency under the Ministry of Planning and Investment at a press briefing in Hanoi on December 30. Areas for investment will also be carefully selected, with priorities to infrastructure, "green" industries that are friendly to the environment, supporting industries, and high-tech industries of highly global competitiveness. Meanwhile, limit will be in non-production areas that may increase the imports or pollution. In 2011, Vietnam attracted $14.7 billion in FDI, down 26 percent from the previous … [Read more...] about BUSINESS IN BRIEF 4/3
BUSINESS IN BRIEF 19/11
Vietnam's inflation to drop: Standard Chartered Vietnam's inflation is expected to drop to 11.3 percent next year, according to Standard Chartered Bank's latest report on the 2-year outlook for Vietnamese economic growth. The bank said inflation in Vietnam had begun slowing down and was expected to fall to 19.7 percent next month while the average full-year figure for 2012 was 11.3 percent. The bank said that the recently cooled global food prices plus the tightened monetary of the central bank would help combat the country's inflation in the months to come. "We expect that inflation rate will retreat to the single-digit rate at the end of the first quarter of next year," the bank said. But it said the tamed inflation was not enough for the government to loosen credit policies since there were other pressures facing the devaluation of the dong. [The devaluation] and the restriction of credit growth would continue to challenge the country next year, the bank said, adding the … [Read more...] about BUSINESS IN BRIEF 19/11
BUSINESS IN BRIEF 31/10
Bibica's disputes will be settled next year Large shareholders of local confectionery producer Bibica at a meeting of he board of directors (BOD) last Saturday agreed not to mention the issue of changing the firm's charter and voting for its new BOD members, so the shareholder's meeting on Monday approved the points, meaning the disputes over its management could only be clarified at next year's meeting. This year's Bibica shareholders' meeting was finally held on Monday after being delayed for many times with the participation of up to 122 shareholders. Obviously, the meeting was also attended by big group shareholders like Lotte and SSI Asset Management (SSIAM) under Saigon Securities Inc. (SSI). What made local media and small shareholders surprised was an announcement that the content on revising the firm's charter and the voting of new BOD members as stated in the document for the meeting did not need to be approved. That is because these two issues were the key elements affecting … [Read more...] about BUSINESS IN BRIEF 31/10
Social News 9/10
VWS proposes taking less waste for treatment Vietnam Waste Solutions (VWS), facing strong public criticisms over a foul smell from its waste management facility in southern HCMC, has written to the HCMC government proposing taking less waste for treatment from next week. The company said in a document sent to the city government on Wednesday that from October 10, it would scale down the daily volume of garbage it receives from the current 5,000 tons to 3,000 tons, which was exactly the amount its Da Phuoc integrated waste management facility handled a day before the city government allowed it to manage an additional 2,000 tons in November 2014. This 2,000-ton volume was transferred from Phuoc Hiep waste treatment complex in the outlying district of Cu Chi. According to VWS, this is a necessary step to reduce the volume of waste it treats amid public criticisms over the spread of the odor from Da Phuoc. The recent heavy downpours, especially on September 26 and 27, have caused leachate … [Read more...] about Social News 9/10