Eu africa business forum 2019

Vietnam National Administration of Tourism, Vietjet sign MoU At the MoU signing ceremony (Photo: hanoimoi.com.vn) The Vietnam National Administration of Tourism (VNAT) and Vietjet Air signed in Hanoi on March 28 a Memorandum of Understanding on cooperation for 2019 – 2021. Under the MoU, the two sides will work together to increase promotion on mass media; introduce publications, documents and market researches; cooperate in an international tourism fair and Vietnamese tourism abroad; and organise domestic destination surveys and events. The MoU provides travel opportunities and convenience for Vietnamese people and international tourists, connecting Vietnam to destinations around the world, where Vietjet has direct flights.  This is also a concrete effort to contribute to the implementation of the growth target plan assigned by the Prime Minister to welcome about 18 million international visitors to Vietnam in 2019. With a wide flight network of 39 domestic routes and 69 … [Read more...] about BUSINESS NEWS IN BRIEF 29/3

Rice exports set to pick up in Q1 2019 Rice exports are predicted to thrive during the first quarter of 2019 as regular importers are giving positive signs, according to a Ministry of Agriculture and Rural Development source. Rice exports to regular importers such as the Philippines and Indonesia will soar in the first quarter of 2019 as both have recently been hit by natural disasters. The Agro Processing and Market Development Authority made the prediction at a press conference on January 22. The conference briefed expectations of farm produce exports during 2019, reported the news outlet Vietnam Economic Times. The authority stated rice exports to regular importers such as the Philippines and Indonesia will soar in the first quarter of 2019 as both have recently been hit by natural disasters. As many as 166 Filipino companies have made plans to import 1 million tons of rice, of which many have been ordered from Vietnam. This move came after the Philippines lifted its import … [Read more...] about BUSINESS NEWS IN BRIEF 26/1

HSG exports steel sheets to US      Steel producer Hoa Sen Group reported that it shipped 17,000 tonnes of steel sheets to the US worth US$14 million on Thursday. The company has been exporting to the US since 2014 and shipments have been increasing recently. A company spokesperson said the shipment proves the company’s capacity and global competitiveness since exports to the US and EU have been hit by the trade barriers they have imposed. Hoa Sen has exported to over 75 nations and territories. In 2017-18, it produced nearly 1.9 million tonnes of steel worth over VND34.4 trillion ($1.5 billion), up 13 per cent in volume and 32 per cent in value over the previous year. Revenues from domestic sales were worth over VND22 trillion ($964 million), up 34 per cent, and exports fetched $538 million, up 27 per cent. Its profit after tax was VND410 billion ($18 million). It uses advanced technologies to meet the standards expected in international markets like the US, the … [Read more...] about BUSINESS NEWS IN BRIEF 14/1

Firms should seek to grow stronger in global economy: experts Vietnamese businesses need to urgently adapt their management methods and bravely step out into the world in order to survive and develop in the context of global integration, said experts at a workshop held Ho Chi Minh City on December 13. Vu Thi Thuan, Chairwoman of Traphaco JSC, said Vietnam is going through an extensive and intensive integration process by engaging in groups such as the Asia-Pacific Economic Cooperation (APEC) Forum, the Association of Southeast Asian Nations (ASEAN), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the EU-Vietnam Free Trade Agreement (EVFTA). This allows businesses to expand their markets but also presents a lot of challenges and competition, she said, adding that the development of technology and artificial intelligence requires enterprises to map out sustainable development strategies. Businesses should make plans to maintain comprehensive … [Read more...] about BUSINESS NEWS IN BRIEF 15/12

Petrol prices see steep fall on November 6 The retail prices of petrol fell sharply from 3pm on November 6 following the latest adjustments by the Ministry of Finance and the Ministry of Industry and Trade. Accordingly, the price of E5 RON 92 declined 1,082 VND to trade at a maximum of 19,600 VND per litre, and RON95 dropped 1,138 VND in its price to a maximum of 21,065 VND per litre. Meanwhile, the price of diesel 0.05S went down 67 VND per litre to 18,644 VND. The prices of kerosene and mazut 180CST 3.5S remain unchanged and should not be higher than 17,086 VND and 15,694 VND per litre, respectively. The Ministry of Industry said that RON 92 was sold at an average of 78.7 USD per barrel globally half month ago, down nearly 9 USD from the previous period. Those of RON95 and diesel 0.06S were 80.52 USD per barrel and 92.27 USD per barrel, respectively. The price of Ethanol E100, which is used as the basis to calculate the price of biofuel E5 RON 92 after the elimination of petrol RON … [Read more...] about BUSINESS NEWS IN BRIEF 8/11