Vietnam rated as key market for DHL growth Leaders of DHL Global Forwarding on Tuesday emphasized that Vietnam was an important market for its business growth, especially in the future and would continue the company’s heavy investment in this market. Roger Crook, chief executive officer of DHL Global Forwarding, Freight, who just returned to Vietnam for a business trip to review DHL business in Vietnam, recognized the importance of this market for DHL business. “We see Vietnam having strong growth… our business (here) is very successful. We are growing by a double-digit rate,” Crook told reporters before leaving Vietnam today. “I’m visiting certain markets around the world every year and I chose Vietnam as one of the key markets to visit this year.” Crook told the Daily that the DHL business in Vietnam had been beefed up by both increasing imports and exports, particularly in the oil and gas, technology, retail and others, offering the … [Read more...] about BUSINESS IN BRIEF 4/11
Businesses
BUSINESS IN BRIEF 5/11
Companies advised to exercise caution in choosing new partners Selecting strategic partners has become a serious concern for listed companies, as large shareholders have recently withdrawn from such partnerships, pocketing much profit but leaving behind operational shortfalls. Lately, PetroVietnam Drilling Services (PVD) announced that Mutual Fund Elite had reduced its stake in the company to 4.95 per cent and was no longer its large shareholder since October 27. The fund maintained a huge stake in PVD for only a month. After the divestment, the fund reportedly earned VND655 billion (US$30.8 million) in profits. Last September, Phu Nhuan Jewelry (PNJ) completely withdrew its 50 per cent stake in Saigon Fuel (SFC) and is estimated to have earned VND38 billion ($1.7 million). The jewelry trader reportedly helped SFC improve its productivity by providing management expertise. After PNJ sent its people to SFC's board, the energy company's profits more than doubled to VND53.7 billion ($2.5 … [Read more...] about BUSINESS IN BRIEF 5/11
BUSINESS IN BRIEF 6/11
Deputy PM urges acceleration of Noi Bai-Lao Cai highway Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Transport and relevant agencies to manage and disburse investment to accelerate the construction of the Noi Bai-Lao Cai national highway. Inspecting the construction site in the northern mountainous province of Yen Bai on November 3, he also asked the Vietnam Expressway Investment Corporation to join hands with the localities to address difficulties during the construction so that the highway will technically open to traffic in April 2014. Contractors must meet all technical requirements, he added. The Noi Bai-Lao Cai expressway, the construction of which was started in 2009, has a total length of nearly 265km and an investment capital of over 1 billion USD. It links Hanoi and the northern border province of Lao Cai. Bailout disbursed in dribs and drabs into real estate Only 120 individual clients in Ho Chi Minh City had been eligible to borrow capital from the … [Read more...] about BUSINESS IN BRIEF 6/11
Business-related activities in APEC 2017
In mid-September 2017, the 24th APEC Small and Medium Enterprises Ministerial Meeting was held in Ho Chi Minh City. The week consisted of a series of events and activities including the meeting of the APEC Small and Medium Enterprises Working Group (SMEWG) on September 13-14 and workshops on APEC O2O Forum (September 10), seminar on Access to Finance for Small, Medium and Super-small Enterprises in the Digital Age, the Digital Economic Forum, and the Startup Forum. Particularly, the APEC Start-up Forum, which attracted 300 participants from Vietnam and APEC economies, was the meeting of the leading starts-up in the region and contributed to arouse the spirit of starting a business in Vietnam. The fourth APEC Business Advisory Council (ABAC) Meeting is scheduled to take place in November 2017 in Da Nang City, with the participation of representatives from ABAC members and top business leaders in the region. VNN … [Read more...] about Business-related activities in APEC 2017
APEC 2017 benefits Vietnamese businesses and people
VietNamNet Bridge - Deputy Foreign Minister Bui Thanh Son said that during the APEC Year 2017 event Vietnam is expected to welcome tens of thousands of delegates and organize about 200 events across the country, opening up great opportunities for localities, businesses and the public. A press conference on the APEC Vietnam Year 2017 took place in Hanoi October 13, presided over by Deputy Foreign Minister Bui Thanh Son, Vice Chairman of the APEC National Committee of Vietnam, and Chairman of SOM APEC. At the press conference, Deputy Minister Bui Thanh Son featured five outstanding results of the Informal Senior Officials’ Meeting (ISOM) of APEC on October 8-9, including: Attracting the participation of hundreds of experts, scholars, representatives of corporations, leaders of ministries, provinces of Vietnam. The support of member economies for the direction, theme and priority of APEC Year 2017. Agreement on the calendar of activities of the APEC Year 2017. Accordingly, 2017 will … [Read more...] about APEC 2017 benefits Vietnamese businesses and people