Small business it support services

RoK airline to launch route to Nha Trang in December An aircraft of Air Seoul (Photo: Yonhap news agency) Air Seoul is wholly owned by the Republic of Korea (RoK)’s Asiana Airlines Inc. Starting December 18, Air Seoul plans to offer seven flights a week to Nha Trang as it strives to strengthen services on routes to Southeast Asia to offset declining demand on Japanese routes, the company said in a statement. Since early July, RoK airlines have halted or reduced services on their Japanese routes, while expanding flights on non-Japanese ones after the neighbouring country implemented export restrictions of key materials to the RoK./. Banks forecast strong performance despite credit slowdown Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week. In the … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 15

Rice export volume up but value falls The ministry said the total rice export volume and value in the first nine months of this year reached 5.2 million tonnes and $2.24 billion, respectively. The figures represented a rise of 5.9 per cent in volume and a drop of 9.8 per cent in value compared to the same period in 2018. Of which, Viet Nam shipped abroad 586,000 tonnes of rice in September for $251 million. The Philippines was the top market for Vietnamese rice in the first eight months of this year, consuming 1.76 million tonnes worth $720 million, 2.9 times higher in volume and 2.6 times in value over the same period last year. Strong growth was also seen in other markets, including Australia (75 per cent), Ivory Coast (nearly 35 per cent) and Hong Kong (nearly 35 per cent). The average rice price in the first eight months fell 13.8 per cent year on year to $435 per tonne. White rice led the way in the period, accounting for 47 per cent of total revenue, followed by Jasmine rice … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 14

Production at an enterprise located in Bac Giang Province. The provincial Business Association opened a consulting and assistance centre on October 13. — Photo baobacgiang.com.vn The Business Association of Bac Giang Province launched the Bac Giang Enterprise Consulting and Assistance Centre on Sunday on the 15th anniversary of Vietnam's Entrepreneurs Day (October 13). The centre provide services relating to business establishment, restructuring, production expansion and other business activities. It will deploy projects and programmes supported by central and local administrations along with domestic and foreign organisations to develop businesses in the province, especially small and medium-sized enterprises. The centre will coordinate with training facilities to open courses in the fields of corporate governance, human resource development and technology, and legal mechanisms and policies relating to corporate operation. At the same time, it provides consulting services for … [Read more...] about Bac Giang opens consulting and assistance centre for businesses

  Production at an enterprise located in Bắc Giang Province. The provincial Business Association opened a consulting and assistance centre on October 13. photo baobacgiang.com.vn BẮC GIANG — The Business Association of Bắc Giang Province launched the Bắc Giang Enterprise Consulting and Assistance Centre on Sunday on the 15th anniversary of Vietnam's Entrepreneurs Day (October 13). The centre provide services relating to business establishment, restructuring, production expansion and other business activities. It will deploy projects and programmes supported by central and local administrations along with domestic and foreign organisations to develop businesses in the province, especially small and medium-sized enterprises. The centre will coordinate with training facilities to open courses in the fields of corporate governance, human resource development and technology, and legal mechanisms and policies … [Read more...] about Bắc Giang opens consulting and assistance centre for businesses

Since the enactment of the Law on Foreign Investment in December 1987, one of the first achievements of ‘Doi Moi’, Vietnam has attracted FDI to its economy for over 30 years.  Hence, FDI is becoming an important economic sector of Vietnam. A long road To date, more than $182 billion in FDI has been invested in almost all industries and sectors of the economy, significantly contributing to the development and restructuring of the economy. The FDI sector accounts for about 25% of total investment nationwide, and generates over 70% of total export turnover of the country. However, many experts believe that FDI is dominating too many fields and occupations, taking opportunity away from home-grown businesses, and above all, making the economy dependent on foreign investment. To adequately analyse the effect of FDI, Dr. Nguyen Dinh Cung, Director of the Central Institute for Economic Management, explains that one cannot only focus on FDI enterprises alone, but must make a … [Read more...] about Will FDI adversely affect Vietnamese businesses?