Economy

The Hanoitimes - With major trade deals like the CPTPP, EU-Vietnam FTA and ASEAN-Hong Kong FTA on the horizon, Vietnam has the potential to attract even more investment. The biggest winners across the 21 Asia-Pacific Economic Cooperation (APEC) for foreign investment will be Vietnam, China, the US, with the former holding the top position for the second consecutive year, according to PwC's latest survey.    Top APEC economies to receive increased cross border investment over the next 12 months (net increase) (Source: PwC’s APEC CEO Survey 2018). The result is thanks to a net 51% of business leaders in APEC planning to raise levels of investment, up from 43% two years ago, stated PwC. “With major trade deals like the CPTPP, EU-Vietnam FTA and ASEAN-Hong Kong FTA on the horizon, Vietnam has the potential to attract even more investment and generate new cross-border business opportunities,” said General Director of PwC Vietnam Dinh Thi Quynh … [Read more...] about Vietnam considered top target for cross-border investment in APEC: PwC

At the handover ceremony, Tran Ngoc Truong, Director of the Information Technology Center of Viettel’s Lao Cai chapter, said that the security monitoring cameras have been installed in numerous localities; however, Vcam, a product made by engineers of Viettel, is better than other types. Its data are stored at customers’ servers, which helps improve information security for the customers, he added. At the handover ceremony Specifically, the data are compressed by technologies developed by Viettel before being saved at a compression ratio of up to 40 percent in order to optimize hard disk space and improve storage time. In addition, customers can choose to install all Vcam equipment or they can choose to rent it on the monthly or yearly basis. Deputy Chairman of the Bao Thang district People’s Committee Nguyen Duc Binh said that the system of 30 Vcams has been installed at 10 locations since October this year. After one month of trial, the security … [Read more...] about Viettel supports Lao Cai’s district with monitoring system

Total post-tax profit of 72 securities companies reached VNĐ2.137 trillion in the third quarter of this year. — Photo vneconomy.vnViet Nam News HÀ NỘI — Total post-tax profit of 72 securities companies reached VNĐ2.14 trillion (US$92 million) in the third quarter of this year, up 59 per cent quarter-on-quarter, according to the Hanoi Stock Exchange (HNX). The number of profitable securities companies and value of profits increased over the previous quarter as well as against the same period last year. The third quarter had 56 profitable securities companies, up by 11 compared with the previous quarter while other 16 securities companies suffered a loss of VNĐ52 billion in total. The surge in those companies’ profit was mainly due to strong reductions in operating expenses, according to HNX. The total operating expenses of those securities companies in the third quarter was VNĐ3.06 trillion, down 33 per cent quarter on quarter and 6 … [Read more...] about Securities firms’ post-tax profit up 59 per cent in Q3

The Business Summit brought about 70 participants representing nine Norwegian companies in the marine processing industry, Vietnam’s Directorate of Fisheries, Ministry of Science and Technology, Nha Trang University, Vinh Hoan Corporation, Vietnam Food, and other Vietnamese businesses operating in the marine sector. The event aimed at introducing Norway’s technologies and products applicable for processing of seafood and marine rest raw materials and also serves as a forum for Vietnamese and Norwegian businesses to connect, discuss and find out solutions to cooperate and develop the fishery rest raw material processing industry in Vietnam. “Vietnam already has over one million tons of rest raw materials available and this is a huge source of raw materials that enterprises can utilize. Although you have been using part of it, but to add more value to the final products for human consumption, Vietnam needs to have in place a good logistic chain”, said Mr Harald … [Read more...] about Vietnam, Norway seek cooperation opportunities in marine processing industry

Representatives of Việt Nam and Malaysia signing the memorandum of understanding. The two countries’s trade revenue reached nearly US$9 billion in the past nine months, but officials said there is still room for growth. — VNA/VNS Photo Viet Nam News KUALA LUMPUR — The Việt Nam Business Association in Malaysia (VMBIZ) and the Malaysia-Vietnam Commerce Chamber (MVCC) signed a memorandum of understanding (MoU) in Kuala Lumpur on Wednesday which is expected to create new incentives for business partnerships and economic-trade ties between the two countries. Addressing the signing event, Vietnamese Ambassador to Malaysia Lê Quý Quỳnh said VMBIZ and MVCC, though established in 2017, have already provided information and supported activities of the two countries’ businesses. … [Read more...] about A new era in Vietnam-Malaysia business cooperation