Viet Nam News HÀ NỘI — Vingroup’s VinFast Manufacturing and Trading Company will debut its first two models of sport utility vehicle (SUV) and sedan at the Paris Motor Show, the world’s busiest automotive event, in Paris in October this year. The models, designed by Italian designer Pininfarina, feature ‘Vietnamese Identity - Italian Design - German Engineering - International Standards’. The two models were developed based on two designs, which were selected by Vietnamese consumers during a contest organised in October last year. Attending the Paris Motor show, VinFast wishes to gather more opinions on the cars before starting official sales in the Vietnamese market from September next year. VinFast is promoting world class cars which are manufactured at its modern facility in the Đình Vũ - Cát Hải economic zone in the northern port city of Hải Phòng. Besides these two models, VinFast is also rapidly … [Read more...] about VinFast to exhibit cars at Paris Motor Show
Paris real estate
Vietnam Day opens in Paris
The seminar was co-organised by PWC and the Vietnamese Embassy in France, attracting well-known groups that have operations worldwide, including Electricity of France (EDF), the French National Railway Company (SNCF), ESI Groupe, Movement of the French Enterprises (Medef International) and members of Vietnam’s diplomatic mission in France. PWC specialists, who belong to a Vietnam trade promotion group - Group Business Vietnam - presented the legal framework regarding investment and doing business in the country. PWC executives gave an overview of the economic situation and business opportunities as well as challenges in Vietnam. They underpinned that there are high potentials for foreign enterprises in the Southeast Asian country, particularly those engaged in the six areas that Vietnam is calling for more investment, including infrastructure, industry and logistics, pharmaceuticals and healthcare, environment, real estate, information technology and communications. The seminar … [Read more...] about Vietnam Day opens in Paris
Resorts win real estate awards
Resorts win real estate awards (08-07-2009) HCM CITY — Nam Hai resort in Quang Nam and Indochina Riverside Towers in Da Nang, both in central Viet Nam, have won national-level awards in a global competition that seeks to identify the best real estate professionals. Designed by Paris-based architects AW2, Nam Hai won the International Property Awards’ Architecture Award and Indochina, designed by Gravity Partnership (Hong Kong) and REAL Architecture (Australia), took the competitive Best Mixed-Use Development Award. Nam Hai will go on to compete at the regional level against other winners from the Asia Pacific. Peter Ryder, CEO of Indochina Land, said: "While the awards demonstrate our commitment to building high-quality properties in Viet Nam, we’re also proud to lead the emergence of Viet Nam’s property market in the international arena." Later this year, the Asia Pacific winners will go up against other winning entries from Europe, Americas, and Saudi Arabia … [Read more...] about Resorts win real estate awards
BUSINESS IN BRIEF 6/12
Rice exports hit a record high Vietnam is likely to export 7.650 million tonnes of rice this year, according to the Vietnam Food Association. The information was released at a seminar in HCM City on December 4 to discuss rice production and consumption. The VFA said, rice exports reached 7.101 million tonnes in the past 11 months, and are expected to hit more than 7.6 million and earn nearly US$3.2 million in revenue by the end of this year. The export price was US$445.56 per tonne, down US$43.3 per tonne on average compared to the same period last year. Truong Thanh Phong, President of the Vietnam Food Association said that 5 percent broken rice including fragrant or sticky rice accounted for 59 percent of total export revenue, up 78 percent from last year. Rare earth processing plant built in Quang Ninh A hi-tech rare earth processing plant will be built in Ha Long city, the northern province of Quang Ninh. An agreement to this effect was signed … [Read more...] about BUSINESS IN BRIEF 6/12
BUSINESS IN BRIEF 4/12
Copycat products remain unbeatable Copycat products are still a headache for local manufacturers, while authorities have yet to figure out any effective solution to curb the issue, a conference heard last week. Voicing their opinions at a conference on the fight against fake products and trade fraud, many businesses said that whenever certain products enjoy strong sales and high consumption, they are immediately duplicated, with the copycat sporting more eye-catching packaging and designs, and sometimes even labeled with anti-counterfeit stamps. Nguyen Huu Vinh, head of administration and personnel at LG Vina Cosmetic Co Ltd, the company which owns brand names such as Essance, Ohui, and Whoo, was quoted by Saigon Times Online as saying that fake products had damaged not only the company’s sales but also its reputation. Vinh said LG Vina had recently managed to achieve only 70 to 75 percent of its full-year sales targets thanks to competition from the fake products. He … [Read more...] about BUSINESS IN BRIEF 4/12