Vietnamese companies are starting to see the fruits of investing in other markets Cuba–a new focus for overseas investment There has been noteworthy news from the Foreign Investment Agency under the Ministry of Planning and Investment about Vietnamese companies’ overseas investments since the beginning of the year. Reportedly, Cuba has risen among the top three countries receiving Vietnamese investment. In general, in the first four months of this year, Vietnamese companies invested a total of $153.6 million overseas. This sum included $129 million in newly-registered capital and $24.64 million in added capital. When divided into individual markets, Laos takes first place with $80.12 million, taking up 52.2 per cent of the total. The runner-ups are Cambodia and Cuba, with $25.9 million and $19.9 million, respectively. The nearly $20 million poured into Cuba is not a big figure, but it shows that Vietnamese companies are ready to invest in a market halfway across the … [Read more...] about Overseas investment: Vietnam exploring new markets
New market opportunities
Labour export looks toward new markets
Successful labor export in 2016 has created a driving force for that in 2017, when as the year opens up opportunities for Vietnamese laborers to go to work in new markets which provide good working conditions and high income. According to Pham Viet Huong, Deputy Head of the Overseas Laborer Management Department under the Ministry of Labor, War-Invalids and Social Affairs (MOLISA), in 2016, 126,296 Vietnamese went to work abroad, exceeding the plan by 26.69% of the plan, and accounting for 108.89% against 2015. “This was the third successive year the number of Vietnamese guest workers exceeded the number 100,000 per year,” he said. He added that it was convenient to send Vietnamese to traditional markets, notably to the Republic of Korea when the market had re-opened its doors for Vietnam after four years. In 2016, nearly 8,500 laborers went to the RoK based on the Employment Permit System (EPS) program, while 2,100 laborers were chosen to for introduction to Korean … [Read more...] about Labour export looks toward new markets
Producers cement new markets
Employees of Hai Phong-based Chinfon Cement Co load cement in port. Vietnamese producers are finding new consumption markets for exported cement. — VNA/VNS Photo Hong Ky HA NOI — Domestic cement companies are seeking new outlets such as Bangladesh, Africa, Hong Kong, Singapore and Myanmar. The Viet Nam Cement Industry Corp (Vicem), the country's leading cement producer, last month made a trip to Myanmar to explore the market there. Myanmar had a huge demand for cement as its factories had failed to meet domestic consumption. For years, Myanmar had imported cement from Thailand, Malaysia and China, the company said in its report. Export prices of cement to Myanmar were also quite attractive compared to those of other markets such as Bangladesh, Laos and Cambodia, it said. During the first six months of this year, with increasing efforts to find new outlets, the company exported 610,000 tonnes of cement to Singapore, the Philippines, Bangladesh, Hong Kong and Laos. Vicem … [Read more...] about Producers cement new markets
New cooperative opportunities for Vietnamese and Japanese rubber companies
(CPV) – A conference to strengthen exchange, cooperation and business opportunities in Vietnam’s rubber industry was organized on February 19th in Ho Chi Minh city. Source: caosu.net.vn The event, co-hosted by the Vietnam Rubber Association, the Ho Chi Minh city Plastic Rubber Association with Showa Rubber Vietnam Company under Japan’s Showa Holdings Group, attracted the participation of leaders of the associations and nearly 100 rubber traders in Vietnam. The conference offered opportunities for Vietnamese companies to meet, share and resolve existing difficulties of the industry in order to enhance productivity and promote cooperation on investing in and producing rubber products. At the event, Vietnam’s rubber traders had opportunities to approach and study the experiences of Japan’s leading rubber group Showa Holdings in innovating technology, as well as introducing cooperative directions for the future such as processing rubber products for Japan in … [Read more...] about New cooperative opportunities for Vietnamese and Japanese rubber companies
Australian exporters to explore new markets in Vietnam, Malaysia
Exporters from the Australian Capital Territory (ACT) have their sights set on Vietnam and Malaysia as potential export markets, and next April the Territory will conduct a 10-day trade mission to the two Asian countries. The aim of the visit is to explore new business opportunities in Vietnam and build on existing relationships in Malaysia, ABC News reported. ACT Chief Minister Jon Stanhope was quoted by ABC News as saying that the mission will focus on education and other service industries, such as defence and information technology. "Vietnam is one of the fastest-growing economies in Southeast Asia now, so on the basis of advice from most particularly Austrade, our partners in our business delegations, we've decided to explore opportunities in both Vietnam and Malaysia for Canberra businesses," he said. "We believe there will be opportunities and synergies." (CPV/VNA) … [Read more...] about Australian exporters to explore new markets in Vietnam, Malaysia