Business in development

Forum discusses state of supporting industry The practical experience of non-governmental organisations and businesses in developing the supporting industry was shared at the 10th Vietnam Supporting Industry Forum in Ho Chi Minh City on May 22. Organised by the Reed Tradex company, in conjunction with the city’s Investment and Trade Promotion Centre and the Japan External Trade Organisation (JETRO), the event focused on the importance of developing partnerships to foster the development of the industry, which provides parts and components to manufacturers, in the future. The forum helped Vietnamese manufacturers operating in the field to realise their weaknesses and ways to overcome them, thus setting new development targets and improving the quality of their products to meet the demand of investors. According to Bui Quang Hai, Deputy President of the municipal Mechanics Association, the supporting industry plays an important role in attracting investors. He said that most … [Read more...] about BUSINESS IN BRIEF 27/5

VN's President commends Nikkei Group President Truong Tan Sang has cordially acknowledged the contributions of Japan’s Nikkei Group in bolstering trade between the Vietnamese and Japanese business community. At a March 17 reception for Nikkei Group President Tsuneo Kita in Japan, President Sang also spoke highly of the role the Japanese press has played in elevating Vietnam’s image and boosting socio-economic development. The Nikkei Group has played an instrumental and active role in disseminating information validating the positive impact of Vietnam-Japan cooperative relations in forums, such as the Future of Asia conference, which contributes to peace, cooperation and development in the region, he said. Mr Kita affirmed that Nikkei Group has always monitored and disseminated information on Vietnam-Japan relations and Vietnam’s socio-economic situation as well as highlighting the country’s efforts in maintaining macro-economy, promoting economic restructuring … [Read more...] about BUSINESS IN BRIEF 19/3

Phu Quoc seaport gets green light The Government on Wednesday announced that the Prime Minister has approved the construction of a seaport of internationally accepted standards in Phu Quoc Island in Kien Giang province. The Prime Minister asked the officials of the southern province of Kien Giang People's Committee and the ministries of transportation, finance and planning and investment to reach an agreement on the investment, selection of investors and the state budget contribution for the project. He also asked the concerned ministries to instruct the Kien Giang officials to develop policies and incentives to attract investors to the project. The seaport will be constructed in Duong Dong town in Phu Quoc Island. Its pier will be 400m long and 19m wide. A 1,020-metre-long bridge will be built to connect the pier with the shore. The seaport is expected to have the capacity of handling 5,000 to 6,000 passengers and container vessels as well. The project investment is estimated to be … [Read more...] about BUSINESS IN BRIEF 23/11

Car lovers flock to Viet Nam Motor Show The 10th Viet Nam Motor Show 2014 (VMS) kicked off in HCM City yesterday and attracted 18 renowned automobile companies, the largest number of participants in any Vietnamese car show. The three-day event featured world-famous brands such as Ford, GM, Honda and Mercedes-Benz, as well as Suzuki, Toyota, Mitsubishi and Nissan. Audi, BMW and Jaguar Land Rover likewise attended. The show, which the Viet Nam Automobile Manufacturers Association (VAMA) organised, also introduced hundred of parts and accessories, as well as insurance and financing companies. It expects to attract 150,000 visitors. "We hope the show will be a real chance for auto marketing and serve as a place for auto makers to showcase their latest products and technologies, as well as get feedback from customers," said VAMA chairman Jesus Metelo Arias. Arias, also Ford Viet Nam's general director, added that auto makers would likewise be introducing the latest convenient and … [Read more...] about BUSINESS IN BRIEF 20/11