Advertisements Foreign companies have been flocking to Vietnam. Earlier this year, one of the world’s biggest private equity firms Warburg Pincus added banking and logistics to its Vietnam portfolio, pushing its total investment into the country over the $1 billion mark. Auto players like JAC Motors of China, as well as Kamaz, the largest truckContinue reading “Here’s Good News: Business booming in Vietnam”
Tag Archives: Business
Ministry of Finance proposes to cut 51.4pc of business conditions
Advertisements The Ministry of Finance proposed to cut 51.4 per cent of the total number of business investment conditions under the ministry’s management. The ministry also proposed to amend and supplement 16 decrees in many fields including insurance, securities, price appraisal, customs, accounting, auditing, lottery, electronic games for foreigners, casino, betting business, credit rating services andContinue reading “Ministry of Finance proposes to cut 51.4pc of business conditions”
Positive Outlook for European Business in Vietnam
Advertisements According to the recent EuroCham’s Business Climate Index (BCI), European companies continue to remain optimistic about Vietnam’s business environment as well as the EU-Vietnam Free Trade Agreement (EVFTA) which will come into effect in 2019. The BCI for the first quarter of 2018 rose by one point compared to the last quarter of 2017,Continue reading “Positive Outlook for European Business in Vietnam”
Jacobs Douwe Egberts to launch sustainability project in Vietnam
Advertisements Jacobs Douwe Egbert’s (JDE) has partnered with the Louis Dryfus Company (LDC) and Syngenta to launch a new sustainability project which aims to reduce the impact of climate change on coffee production in Vietnam. According to a report by Martin White on FoodBev, the project aims to boost resilience to climate change in the coffeeContinue reading “Jacobs Douwe Egberts to launch sustainability project in Vietnam”
Taxi associations team up to fight Grab
Advertisements Fuelled by the fear of Grab acquiring their member firms, the taxi associations from the three regions proposed the Ministry of Transport (MoT) to issue solutions to stop business co-operation contracts between Grab and traditional taxi firms. Notably, these taxi associations asked MoT to cancel business co-operation contracts between Grabtaxi and its traditional taxiContinue reading “Taxi associations team up to fight Grab”
Top 50 businesses list shows strength of private sector
Advertisements The 2017 list of 50 best performing businesses released by Nhip Cau Dau Tu reflects the return of the enterprises in the fields of banking, real estate, construction and consumer goods. It reflects the performance of the national economy and strength of banking, finance and real estate sectors. The comeback of commercial banks is foreseeableContinue reading “Top 50 businesses list shows strength of private sector”
Sharp to buy Toshiba’s PC business for $36m
Advertisements Parent Foxconn would help Osaka-based unit re-enter the market Sharp on Tuesday said it plans to acquire Toshiba’s money-losing personal computer business for an estimated 4 billion yen ($36 million), re-entering a market it withdrew from eight years ago. The Osaka-based electronics maker hopes to build on the expertise of parent Hon Hai PrecisionContinue reading “Sharp to buy Toshiba’s PC business for $36m”
Vietnam should remove all discount limits: industry insiders
Advertisements Businesses want the government to raise discount limits from the current 50 percent cap to 100 percent. The new decree, issued last week, freed products and services sales orchestrated by the government within a specific time period from discount limits. But business owners say the current 50 percent discount limit, placed in 2006 to promoteContinue reading “Vietnam should remove all discount limits: industry insiders”
SMEs say foreign retailers control distribution channels
Advertisements Vietnamese manufacturers are having difficulties in distributing their products as foreign retailers control modern distribution channels. Many businesspeople say that it is becoming more difficult to bring their goods to large supermarkets for sale. Nguyen Thanh Hung from Hung Tan Farm Produce said he has to go through many stages to have his productsContinue reading “SMEs say foreign retailers control distribution channels”
Q2 earnings, high dividend will attract investors
Advertisements Listed companies with positive second-quarter earning prospects, as well as high dividend payment, are likely to attract investors in the future, after the effect of the Q1 result has cooled. In the latter half of April, over 20 companies will finalise the lists of shareholders for cash dividend payout at the rate of 5 per centContinue reading “Q2 earnings, high dividend will attract investors”
Uber agrees to sell Southeast Asia business to Grab after costly battle
Advertisements Uber would get a stake of as much as 30 percent in the combined business. Ride-hailing firm Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the U.S. company’s second retreat from Asia.Continue reading “Uber agrees to sell Southeast Asia business to Grab after costly battle”
The CPTPP is not just TPP version 2.0
Advertisements Last week’s signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to yield better trade, and bring about opportunities for companies in Vietnam to strengthen themselves in overseas markets. Nevertheless, there are a number of challenges in joining this new playing field. Professor Nguyen Mai, former vice chairman of the StateContinue reading “The CPTPP is not just TPP version 2.0”
Opportunities for newcomers
Advertisements The real estate market is often full of grand visions of luxurious urban areas. However, industry experts say real opportunities often lie in the affordable segment that reaches more homebuyers. Debuting small businesses In the last few days of 2017, Midland Real Estate Services & Investment JSC signed a partnership agreement with Truong GiangContinue reading “Opportunities for newcomers”
Vietnamese or foreign bank – Which is the better for your business?
Advertisements While foreign banking institutions had branches and representative offices in Vietnam starting in the late ‘80s, much of the landscape consisted of the State Bank of Vietnam (SBV), which originally operated as both a private and commercial bank. In 1990, the SBV produced four offshoot state-owned commercial banks (SOCBs), each focusing on particular sectorsContinue reading “Vietnamese or foreign bank – Which is the better for your business?”
Hanoi bans Uber, Grab cars from ‘no taxis’ roads
Advertisements Traditional taxi firms have for long been complaining about Uber, Grab cars being allowed on roads off-limits to their drivers. Hanoi on Wednesday started putting up traffic signs banning contract cars under 9 seats from operating along roads off-limits to traditional taxis. The new signs on Giang Vo, Cat Linh, Phu Doan and TruongContinue reading “Hanoi bans Uber, Grab cars from ‘no taxis’ roads”