Experts want to reduce number of export inspections Experts have suggested changing the number of and the time spent for inspections of export activities, including customs clearance, to help reduce costs for enterprises. Speaking at a seminar held in Ho Chi Minh on December 20, Tran Ngoc Liem, deputy director of the Vietnam Chamber of Commerce and Industry (VCCI) HCM City, said that overlapping inspection procedures were causing problems for enterprises. The General Department of Vietnam Customs said that procedures accounted for up to 50 percent of customs clearance time. Many shipments have been inspected, but still have not been cleared, it said. Even after three months, State agencies are still conducting inspection checks. Phan Duc Hieu, deputy head of the Central Institute for Economic Management (CIEM), said the proportion of imports and exports subject to specialised inspections at customs clearance was up to 30-35 percent and would be reduced to 15 percent under a … [Read more...] about BUSINESS NEWS IN BRIEF 22/12
New york state sustainable business council
BUSINESS NEWS IN BRIEF 10/12
Fayfay.com announces strategic partnership with Ho Chi Minh City tourism Hong Kong-based Fayfay.com on December 6 announced that it signed a Memorandum of Understanding (MoU) with the Ho Chi Minh City Tourism Promotion Centre to promote tourism in Vietnam, with a special focus on the city. The MoU was signed by Tran Ngoc Dong Quan, deputy director of the Ho Chi Minh City Tourism Promotion Centre, along with Kingston Lai and Kelvin Wu, the co-founders of Fayfay.com, at Bep Nha Luc Tinh Restaurant in Ho Chi Minh City, in the presence of industry experts and members of the media. “Ho Chi Minh City is an important destination on Fayfay.com and we look forward to partnering with the Ho Chi Minh City Tourism Promotion Centre to showcase the city’s vibrant architecture, rich culinary scene, and authentic local experiences,” said Lai. “We believe strategic joint promotional activities with the Tourism Promotion Centre will enable us to leverage our online platform and … [Read more...] about BUSINESS NEWS IN BRIEF 10/12
BUSINESS NEWS IN BRIEF 28/9
HCMC to see soaring office demand in next four years As Southeast Asian economies expand, office demand, particularly from technology, e-commerce, and co-working space companies, is expected to rise by an estimated 6 per cent annually between 2018 and 2021, with Ho Chi Minh City seeing a rate of 10 per cent in the period, according to JLL Vietnam. As at the end of the second quarter of 2018, total stock in Ho Chi Minh City’s office market increased to 1,945,000 sq m, with overall Grade A and B occupancy rates standing at a high of above 95 per cent. The overall rental rate is expected to continue its upwards trend with support from healthy demand and increased quality in future supply. A large volume of high-quality Grade B supply is also projected to be completed by 2020 and will likely put pressure on Grade A in the future, especially long-standing Grade A projects with deteriorating construction quality. In Hanoi, demand for Grade A and B office space in 2018-2019 … [Read more...] about BUSINESS NEWS IN BRIEF 28/9
International exhibitors return to HVACR Vietnam 2018 in Hanoi
Mueller Industries, Inc., the world leader in flow control and industrial products for over 100 years, has set its eyes on Viet Nam and the sub-Mekong region. Mueller Industries is an American multi-billion-dollar revenue company that is publicly traded on the New York Stock Exchange. The company will, for the first time, exhibit at the HVACR Vietnam 2018 exhibition, which will be held at the National Exhibition Construction Centre in Ha Noi on April 18-20. Mueller Streamline, the preferred and specified brand of industry professionals worldwide since 1917. Now with a complete line of copper tube and fittings for plumbing, air-conditioning, refrigeration, medical gas and other applications. Jamie Garcia, International Sales of Mueller Industries, said: “The demand for HVACR products in Viet Nam and the neighbouring countries in the sub-Mekong region has been phenomenal in the last few years. We believe Mueller Industries, with a century-worth of expertise and … [Read more...] about International exhibitors return to HVACR Vietnam 2018 in Hanoi
International exhibitors return to HVACR Vietnam 2018
Mueller Industries, Inc., the world leader in flow control and industrial products for over 100 years, has set its eyes on Viet Nam and the sub-Mekong region. Mueller Industries is an American multi-billion-dollar revenue company that is publicly traded on the New York Stock Exchange. The company will, for the first time, exhibit at the HVACR Vietnam 2018 exhibition, which will be held at the National Exhibition Construction Centre in Ha Noi on April 18-20. Mueller Streamline, the preferred and specified brand of industry professionals worldwide since 1917. Now with a complete line of copper tube and fittings for plumbing, air-conditioning, refrigeration, medical gas and other applications. A company representative said: “The demand for HVACR products in Viet Nam and the neighbouring countries in the sub-Mekong region has been phenomenal in the last few years. We believe Mueller Industries, with a century-worth of expertise and experience, will be able to contribute to and … [Read more...] about International exhibitors return to HVACR Vietnam 2018