Vietnamese business for sale

Vietnamese Ambassador to Germany Nguyen Minh Vu speaks at the event. (Photo: VNA) Berlin (VNA) – Vietnamese Ambassador Nguyen Minh Vu has urged the Vietnamese Entrepreneurs in Germany to play a part in boosting the two countries’ relations. He made the statement at the 6th congress of the Vietnamese Entrepreneurs in Germany held in Berlin on December 7. Ambassador Vu spoke highly of what the association has done, saying he expects it will expand its member network across Germany and help Vietnamese people in Germany stay united, contributing to enhancing the bilateral ties. The association’s activities must be centred around its members and timely support should be provided to the members to help them solve difficulties in business, he continued, Vu added.    The diplomat also updated the participating Vietnamese businesses on an action programme on the bilateral strategic partnership recently inked between the two countries’ foreign ministries … [Read more...] about Vietnam businesses in Germany urged to help boost bilateral ties

Japanese firms sign pacts to recruit nearly 200 third-year students (Photo: VNA) Da Nang (VNA) – Nearly 200 third-year students majoring in nursing, tourism, education, business administration, electricity-electronics, information technology, and construction of Dong A University were received in Japan before they start their internship and work placement scheme. The reception was secured by Japanese groups, companies, and businesses at the Japan-Vietnam Culture Exchange Festival and Japanese Job Day 2019 in the central coastal city of Da Nang on March 21. Vice Rector of Dong A University Luong Minh Sam said the event aims to open up training programmes, develop high-quality human resources, and create job opportunities for Vietnamese students in Japan and other developed countries. A workshop on Vietnam-Japan cooperation in human resources training was held as part of the event as well as other activities providing information on recruitments of Japanese businesses. On the … [Read more...] about Nearly 200 Vietnamese students welcomed to work experience in Japan

SEVEN.AM products on display at an outlet. Photo courtesy of SEVEN.AM. All six SEVEN.AM stores in the capital city opened after the Vietnam Directorate of Market Surveillance said it did not find any sign that the chain had replaced made-in-China labels on its products with Vietnamese ones as reported by local media. However, Hanoi-based MHA Jsc, which owns the SEVEN.AM brand, was fined VND110 million ($4,740) for some labeling mistakes, including listing incorrect information on its products including year of production and material used, the directorate said in a statement. Another company, Thu Ky International Fashion, a franchisee of SEVEN.AM, was fined VND60 million ($2,585) for similar mistakes. The directorate’s investigation found that a manufacturer of SEVEN.AM products in Ha Dong District had imported goods from China in 2017 and 2018, but had sold all of them. It does not sell them any longer, the directorate said, but did not state whether or not the labels on … [Read more...] about Fashion brand SEVEN.AM resumes Hanoi business

With the financial year drawing to a close, banks are busy selling mortgaged properties to resolve bad debts, recovering capital. Photo vov.vn With the financial year drawing to a close, banks are busy selling mortgaged properties to resolve bad debts, recovering capital. On November 22, Vietinbank’s Kien An branch announced auctions to recover four large non-performing loans worth dozens of billions to trillions of dong. They include a VND27 billion (US$1.17 million) loan owed by the Hon Ngoc Liability Limited Company. The lender’s Dong Nai branch announced the sale of two properties to recover VND1.2 trillion ($52.17 million) and VND4.3 trillion ($156.95 million) from the Tan Mai Mien Dong Joint Stock Company and Tan Mai Mien Trung Joint Stock Company. Recently, SHB decided to sell a mortgaged asset worth VND9 billion by an individual customer. Others like Sacombank, MB, Agribank and BIDV have been announcing a number of auctions of mortgaged properties. A State Bank of … [Read more...] about Liquidating morgaged assets to recover bad debts still difficult

Illustrative image (Source: Vietjet Air) New Delhi (VNA) – The first direct flight from Hanoi to India’s New Delhi landed at Indira Gandhi International Airport on December 7 night after travelling for more than five hours. Vietnamese Ambassador to India Pham Sanh Chau was present at the airport to welcome passengers of the flight that was operated by budget carrier Vietjet Air. The ambassador expressed his hope that the direct air route will facilitate cultural and people-to-people exchanges between the two countries, as well as the bilateral trade, investment and tourism ties.         On December 6, Vietjet Air also launched its first direct flight from Ho Chi Minh City to the Indian capital city.   Vietnamese Ambassador to India Pham Sanh Chau was present at the airport to welcome passengers of the flight that was operated by budget carrier Vietjet Air. (Photo: VNA) Vietjet is the first airline in Vietnam to operate as a … [Read more...] about Vietjet Air launches Hanoi-Delhi direct route