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maandag 12 december 2016

Vietnam: HCM City, Belgian province bolster agricultural partnership

HCM City, Belgian province bolster agricultural partnership
Ho Chi Minh City of Vietnam and East Flanders province of Belgium have signed a Memorandum of Understanding (MoU) on agricultural cooperation for the 2016-2020 period.
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WB helps promote Vietnamese agricultural brand names
International and domestic experts gathered at a workshop organised by the World Bank in Hanoi on December 5 to identify Vietnamese agricultural brand names on the international market.
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Making sustainable development a reality for all businesses in Vietnam
Many Vietnamese companies are still ignoring sustainability performance including environmental, social and governance information, an important factor promoting their long-term growth, Deputy Prime Minister Vu Duc Dam told a recent Vietnam Corporate Sustainability Forum.
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Top APEC officials to gather at ISOM in Hà Nội
Senior officials from the Asia-Pacific Economic Co-operation (APEC) member economies will gather at the Informal Senior Officials Meeting (ISOM) in Hà Nội on Friday to discuss priorities and key activities for the 2017 APEC, to be hosted by Việt Nam.
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Hanoi economic growth hits a six-year peak
Despite failing to hit the yearly target of 8.5-9 percent, Hanoi's economic growth in 2016 has hit its highest level in six years, reaching 8.03 percent, Deputy Chairman of the municipal People's Committee Nguyen Doan Toan said on December 5.
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Consular legalization fees stipulated
The Ministry of Finance has issued Circular No.157/2016/TT-BTC on the collection, payment, management, and use of consular legalization and certification fees.
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DPM pays official visit to NZ
The Ministry of Finance has issued Circular No.157/2016/TT-BTC on the collection, payment, management, and use of consular legalization and certification fees.
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Fees for barcode granting stipulated
The collection, collection mechanism and payment for management and use of fees for the granting of barcodes stipulated on Circular No. 232/2016/TT-BTC of the Ministry of Finance will take effect since January 1, 2017.
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Flight fees over VN's airspace
The Ministry of Finance has issued Circular No. 146/2016/TT-BTC on providing for fees collection, transfer and management for flights over Viet Nam's airspace.
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Gov't states reasons to cancel nuclear power project
Viet Nam has decided to cancel the Ninh Thuan nuclear power project, according to the Government's official announcement released at a press conference on Tuesday.
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SBV fixes monetary policy management for 2017
The State Bank of Việt Nam (SBV) has announced its key orientation of monetary policy management and banking operations in 2017.
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Viet Nam Business Forum opens in HN
The Annual Viet Nam Business Forum 2016 (VBF) was official launched on December 5 in Ha Noi under the theme "Strengthening the private sector: Forging partnership between domestic and foreign enterprises for a harmonious development of the Vietnamese economy."
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VN leads ASEAN in trading with Canada
Viet Nam took the lead among ASEAN nations in trading with Canada over the past nine months of 2016, according to the Statistics Canada.
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VN, NZ agree to lift trade volume to US$1.7 billion by 2020
Deputy PM, FM Pham Binh Minh and New Zealander have agreed to lift up the two-way trade volume to US$1.7 billion by 2020.
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Dutch Open 2016 Marked Another Year of Good Will and Charity Spirit of the Dutch Business Community and Partners in Vietnam
On Friday, November 25th, the Dutch Business Association in Vietnam (DBAV) hosted their 3rd annual charity golf tournament on the fairways at Song Be Golf Course. 16 teams competed in the tournament while clinic session welcomed 20 beginners. With such perfect golf weather, the day was without doubt another unforgettable experience.
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Vietnam – Wind Power Breaking News – One of the first foreign financed Wind PPAs signed – Duane Morris advised on this transaction – What you must know
EAB New Energy GmbH ("EAB"), a German privately held SME with business activities around the world (Asia, Latin America, South Africa), engaged Duane Morris Vietnam LLC to advise on one of the very first privately financed Wind Energy Power Purchase Agreements for a wind power project in Vietnam – the "Mui Dinh" wind project (SPV el-wind Mui Dinh LLC) with a total investment value at final stage of about 60 Million USD.
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Vietnam's Central Bank expects credit growth to reach 17-18pct
The State Bank also says it will keep the dong/dollar exchange rate stable. Lending of the banking sector as of November 20 expanded 14.03 percent and credit growth for the whole year would reach 17-18 percent, according to the central bank.
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New loan packages for social housing
Two new preferential loans, unrestricted by scale and deadline, for social housing and cheap commercial housing projects will be provided to low-income earners. The new packages are expected to continue the VND30 trillion housing stimulus package.
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Bora Bora tower making waves in real estate market
Customers have shown strong interest in luxury apartments in the Bora Bora Tower by Kusto Home, judging by the participation and number of booked condominium at the introduction event held on November 26.
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Gov't aims for stable power tariff
The electricity sector in 2017 will strive to prevent the power tariff from stirring controversy, said Hoàng Quốc Vượng, deputy minister of Industry and Trade.
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Petro Vietnam takes credit loans for power project
Vietnam National Oil and Gas Group (PetroVietnam) on November 23 signed a contract with the Export-Import Bank of Korea (Korea Eximbank) for funding the Song Hau 1 thermal power project.
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New policies come into effect in December
A series of policies on the function, tasks, right and organisation of the government Office, autonomy mechanism of the public units, sanctioning of securities- and securities market-related administrative violations and the ordinance on market management will take effect since December 2016.
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Legal gambling may be on horizon
Draft decree to be forwarded to government in December permitting gambling on horse and dog racing and international football matches.
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Protecting your IP whilst Transferring Technology to South-East Asia
In recent years, European SMEs have started to look to the Association of South-East Asian Nations (ASEAN) to be a key player in the investment and development of several different types of technologies across a multitude of industries. Relatively low labor costs, high skill levels and diversity in the level of development across the region, enabling South-East Asia to attract a range of technologies, are making the region so attractive for the European SMEs.
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Support World AIDS Day and your community
To support World AIDS Day, GrabCondom will give condoms to those at the most risk of HIV in your community. For every corporate condom you buy we will donate one condom to local communities and youth in Vietnam.
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VN seeks more ASEAN trade
The Government will review Viet Nam's farming products – such as seafood, rice, vegetables, pepper, coffee, cashew nuts and rubber, and Halal products for Muslim people - in order to increase exports to ASEAN member states. The review will also include building material, steel and steel products in order to promote trade activities with the bloc.
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Only 1% of firms invest in agriculture: minister
Only one per cent of total enterprises in Việt Nam have invested in agriculture, and 55 per cent of these are small scale, capitalised at under VNĐ5 billion, said Minister of Agriculture and Rural Development Nguyễn Xuân Cường.
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Int'l visitors to Viet Nam keeps growing strongly with over 9 million arrivals
Most of markets recorded positive growth in comparison with the same period of 2015 including: Hong Kong (+72.9%), China (+53.9%), the Republic of Korea (+39.2%), New Zealand (+35.4%), Russia (+29.1%), Thailand (+29.0%), Italy (+28.5%), Spain (+27.7%), Holland (+23.5%) and England (+20.8%).
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Out-of-date practices and lack of visibility and knowledge of local processes are the biggest potential threats to effective multi-country payroll management, according to report.
A quarter of businesses (23.7%) rely on potentially out of date, 'historic practices' when choosing a payroll operating model.One in five (20.12%) still manage payroll approvals manually, for example by email.A staggering 79% of businesses do not have the system capability to consolidate or view a single global report for all their payroll operations.
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Measures sought to develop enterprises in HCM City
The third session of the ninth People's Council of Ho Chi Minh City on December 7 focused on measures to realise the target of 50,000 new firms in 2017 and 500,000 by 2020 while improving local business performance.
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Moody's: Outlook for Vietnam's banks stable
Moody's has forecast that the Vietnamese banking system will remain stable in the next 12-18 months, reflecting its expectation that the country's macroeconomic stability will support the banks' weak credit profiles.
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Shell oil to link executive bonuses to greenhouse goals in effort to reduce carbon footprint
Shell, the world's second-biggest oil company, has confirmed plans to link the size of executive bonuses to greenhouse gas emissions in order to further efforts to reduce the energy group's carbon footprint.
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Heineken gaat voor het eerst alcoholvrij bier onder eigen naam brouwen
Bierbrouwerij Heineken lanceert in maart alcoholvrij bier onder haar eigen naam: 'Heineken 0.0%'. Het bierconcern brouwt al alcoholvrij bier voor dochtermerken als Buckler en Amstel, maar het is voor het eerst dat bier van Heineken een eigen alcoholvrije variant krijgt.
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HCM City economy grows 8 per cent
The HCM City People's Council is reviewing the socio-economic situation and the city's revenues and spending this year, drawing up plans for 2017 and reviewing all voters' complaints at a four-day meeting which ends yesterday.
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PM affirms sustained efforts to improve investment environment
In his address, PM Phuc said Vietnam and ASEAN are joining efforts to further strengthen and deepen the intra-bloc cooperation, adding that central role of ASEAN in the region, especially in economic, trade and investment cooperation have received support of international business communities, including global leading groups.
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VIB wins coveted The Banker Award in London
For the second consecutive year in a row, Vietnam International Bank (VIB) has been selected by The Banker, a magazine owned by The Financial Times, as the recipient of Bank of the Year in Vietnam award.
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Symposium on priorities for APEC 2017
On December 8, representatives from APEC member economies as well as domestic and foreign observers, scholars, and businesses gathered for a symposium in Hanoi to discuss priorities and key activities for APEC 2017 to be hosted by Vietnam.
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All countries, regardless of big or small, must have goodwill and responsibility to comply with regulations in the 1982 United Nations Convention on the Law of the Sea (1982 UNCLOS), Vietnamese Ambassador Nguyen Phuong Nga has said at a plenum of the UN General Assembly.
All countries, regardless of big or small, must have goodwill and responsibility to comply with regulations in the 1982 United Nations Convention on the Law of the Sea (1982 UNCLOS), Vietnamese Ambassador Nguyen Phuong Nga has said at a plenum of the UN General Assembly.
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Madagascar welcomes Vietnamese businesses
Madagascar is willing to roll out red carpet for Vietnamese businesses to make investment in the country, Vietnamese Honourary Consul in Madagascar Eric Andry Ramiandrasoa told President Tran Dai Quang on December 8.
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HCM City absorbs US$3.7 billion in FDI in 2016
Ho Chi Minh City absorbed US$3.7 billion in new foreign direct investment (FDI) so far this year, including expansion and acquisitions, according to the municipal People's Committee.
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Vietnam, Laos science, technology ministries step up links
Vietnamese Minister Chu Ngoc Anh has thanked the Lao Government for its assistance and provision of favourable conditions for cooperation between the two countries' ministries of science and technology.
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Vietnam-Singapore IPs attract US$9 billion investment
Seven Vietnam-Singapore Industrial Parks (VSIPs) nationwide have drawn US$9 billion investment and generated 176,000 jobs after two-decade development.
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Joint forum promotes Vietnam, Malaysia bilateral trade
To promote investment and trade relations between Vietnam and Malaysia, a major conference was held on December 8 in Hanoi as a platform for business people from the two countries to interact.
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President pledges to encourage investment to Myanmar
President Tran Dai Quang pledged that Vietnam will encourage its business community to invest in Myanmar, especially in agriculture, fish farming, mining and tourism.
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Da Nang prepares for APEC Year 2017
Huynh Duc Tho, Chairman of the Da Nang People's Committee, said the city initiated its preparation from late 2014 and has been completing infrastructure, carrying out communications campaigns, training human resources and ensuring security, health and logistics.
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Vietsovpetro opens new gas field
The Russia - Việt Nam oil and gas exploration joint venture, Vietsovpetro, announced completion of the initial drilling and perforation on their Thiên Ưng gas field on December 6, 2016.
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APEC dialogue looks to create dynamism for growth, integration
An Asia-Pacific Economic Cooperation (APEC) dialogue with businesses was held in Hà Nội on December 8 with the theme "Creating new dynamism for growth and integration."
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Half of Asia-Pacific SMEs predict growth in exports: survey
Nearly half of small- and medium-size enterprises (SMEs) in the Asia- Pacific region say that their revenue from intra-regional exports will grow over the next 12 months by an average of 22 per cent, according to a global research survey conducted by FedEx Express.
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Bình Thuận seeks higher prices for wind power
The Bình Thuận Wind Power Association has asked the Ministry of Industry and Trade to raise the selling price of wind power to US$9.5-10 cents per kWh, up from the current $7.8 cents.
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Swedish firms seek links with Vietnamese counterparts
Leading Swedish companies including Ericsson, ABB, and EP joined a press conference in Hanoi on December 8 to introduce their strengths, aiming to seek cooperation with Vietnamese partners.
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New momentum for Russia-Japan ties
Russian President Vladimir Putin will visit Japan on December 15-16. The visit will create a new momentum in the bilateral relationship.
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Japan supports HCM City to develop infrastructure, agriculture
Japan will discuss with Ho Chi Minh City projects to develop transport infrastructure and green agriculture in the coming time.
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Funding delay Funding delay holds up Hanoi's metro rail project: officialholds up Hanoi's metro rail project: official
Hanoi mayor Nguyen Duc Chung has promised to speed up the construction of the city's Metro Line 3, blaming the sluggish progress so far on delays in fund disbursement.
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New industrial zone relaunches in Hai Phong City
On December 9, a ground-breaking ceremony was held to relaunch construction of – An Duong Industrial Zone – the first joint venture between the northern Vietnam city of Hai Phong and the Chinese city of Shenzhen.
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FTA commitments open opportunity for Vietnam
A Vietnam-EU Free Trade Agreement will have a significant impact on Vietnam's economic and legal institutions, particularly regarding intellectual property. Director of the WTO and Integration Center of the Vietnam Chamber of Commerce and Industry Nguyen Thi Thu Trang said Vietnam needs to review the compatibility of its laws with TPP and EVFTA commitments on intellectual property.
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Foreign CEOs bullish on Việt Nam bourses
Foreign investors remain positive about the prospects for Việt Nam's stock market as the country grows and adopts more open policies, foreign CEOs said in a discussion panel at the ASEAN Business Summit last week.
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