Local firm in deal with U.S. hotel manager By Quoc Hung - The Saigon Times Daily HCMC - Sao Sang Nha Trang Co. Ltd. has signed an agreement with the U.S. firm Marriott International, Inc. over management of a five-star hotel in Nha Trang City in the central province of Khanh Hoa. With total investment capital of VND700 billion, the upcoming hotel will comprise 250 rooms, 17 stories and two basements. It will be launched in 2013, according to Sao Sang Nha Trang. Nguyen Thi Xuan Thuy, chairwoman and general director of Sao Sang Nha Trang, said Nha Trang City was regarded as the tourism paradise of Vietnam and had great potential for tourism development. "To build a hotel with international standards, Marriott is the only name we have considered after careful deliberation," she said. "We are confident that our cooperation will bring the best in class hotel to Nha Trang. "Besides, with a large client base from Marriott's global network, we expect to attract visitors from Asia, Europe … [Read more...] about Local firm in deal with U.S. hotel manager
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WASHINGTON/NEW DELHI - The United States on Monday said it would take India to the World Trade Organization to gain a bigger foothold for U.S. manufacturers in its fast-growing solar products market, adding another irritant to an already strained relationship. The Obama administration said it was filing its second case at the WTO over the domestic content requirements in India's massive solar program, which aims to ease chronic energy shortages in Asia's third-largest economy. U.S. Trade Representative Michael Froman said making Indian solar developers use locally made equipment discriminated against U.S. producers and could hinder the spread of solar power. "Domestic content requirements detract from successful cooperation on clean energy and actually impede India's deployment of solar energy by raising its cost," Froman said. It is the second time in a year that Washington has sought a consultation at the WTO - the first stage in a dispute process that can lead to sanctions - … [Read more...] about U.S. launches new trade action against India over solar program
Evergreen Trading Inc. will ask the U.S. Department of Agriculture to review food safety to bring grapefruit to U.S. markets. My Hoa cooperative will be responsible for establishing products and completing procedures for exports to the U.S. Under the route, aiming to ship 'Nam Roi' grapefruit to the U.S. market, My Hoa cooperative proposed the Vietnam's Ministry of Agriculture and Rural Development to send request to the U.S. Department of Agriculture. Relevant agencies will coordinate with distributors in the U.S. to appraise quality and risks of 'Nam Roi" grapefruit to give final decision. The appraisement can take 1-2 years. Previously, the cooperative won a contract to ship 70 containers of 'Nam Roi" grapefruit to England and the Netherlands. … [Read more...] about Vietnam’s ‘Nam Roi’ grapefruit set to arrive the U.S.
A Gap retail store is shown in San Francisco, California, May 8, 2013. Photo: Reuters Major U.S. retailers, including Gap Inc, declined to endorse an accord on Bangladesh building and fire safety backed by Europe's two biggest fashion chains, a trans-Atlantic divide that may dilute garment industry reform efforts. Three weeks after the collapse of a building housing garment factories, which killed more than 1,100 people, Western brands that rely on Bangladesh to produce clothing cheaply disagreed over how best to ensure worker safety. A series of deadly incidents at factories, including a fire in November that killed 112 people, have focused global attention on safety standards in Bangladesh's booming garment industry, the world's biggest exporter of clothing after China. Wal-Mart Stores Inc, the world's biggest retailer, called on Bangladesh to shut one factory and examine another after its own inspections found safety problems. Sweden's H & M Hennes & Mauritz AB and … [Read more...] about European, U.S. retailers split on Bangladesh reform plan
On 13 April, the vice-chairman of the Da Nang People's Committee, Mr. Van Huu Chien, met with the international development director of U.S. Cadence Design Systems. Inc, Ms. Ellen Tam, on her visit to explore investment opportunities in the Da Nang Hi-tech Zone. Ms. Tam said Cadence is a leading world company supplying IC Design software products for American, European and Asian markets. Its customers are industry leaders including Intel, Ronesas, Nokia, Motorola and Mitsubishi. The corporation has reached an agreement with the University of Da Nang to build a facility for designing chips using Cadence software. This facility will also be used for training hi-tech human resources in IC design for the central region of Vietnam. She said Cadence wants to establish a facility inside the Hi-tech Zone of Da Nang. Vice-chairman Chien said the city is carrying out site clearance for the Hi-tech Zone so that some areas can be handed over to its investors by the end of 2011. In addition to … [Read more...] about U.S. Cadence Design Systems seeks opportunities in Da Nang