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maandag 13 maart 2017

Vietnam: AkzoNobel Vietnam To Give New Coating To City Hall

AkzoNobel Vietnam To Give New Coating To City Hall

AkzoNobel, the world's largest global paints and coatings company, had announced donation of 3,000 liters of paint and wall plaster powder to help give a new coating to the HCMC People's Committee building.

The post AkzoNobel Vietnam To Give New Coating To City Hall appeared first on Dutch Business Association Vietnam.

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Reference exchange rate goes up 9 VND

With the current trading band of/- 3 percent, the ceiling rate applied to commercial banks on the day is 22,908 VND and the floor rate, 21,574 VND per USD.

The post Reference exchange rate goes up 9 VND appeared first on Dutch Business Association Vietnam.

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Under pressure to increase capital, banks hunger for foreign funds

Banks of Vietnam remain very attractive in the eyes of foreign investors. Most recently, according to Chair of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), a foreign investor is willing to spend one billion US dollars to buy Sacombank's shares, after the bank was named in the list of bank to focus on restructuring in early 2017. It is not difficult to explain the interest of foreign investors in Sacombank, because the bank owns an extensive network and strong brand in the private banking group. However, if the one billion US dollar number is real, it is really impressive because that is 20 percent larger than Sacombank's current capital size.

The post Under pressure to increase capital, banks hunger for foreign funds appeared first on Dutch Business Association Vietnam.

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PM repeats request for strong actions to reach 6.7pct growth rate

He noted the stable macro-economy, 2.2 billion USD of foreign direct investment, an increase in the number of new businesses, and controlled inflation with consumer price index expansion of 0.23 percent in February as positive signs.

The post PM repeats request for strong actions to reach 6.7pct growth rate appeared first on Dutch Business Association Vietnam.

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FDI up 21% in first two months

During the period, 313 new foreign-invested projects with capital of more than $2 billion were licensed, up 6.5 per cent year-on-year, while 137 existing projects added $760 million in capital, equal to 84.5 per cent of the same period in 2016.
Foreign investors also channeled a total of $619 million into local businesses by purchasing stocks; four times higher year-on-year.

The post FDI up 21% in first two months appeared first on Dutch Business Association Vietnam.

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Japanese projects freshening up Vietnam's real estate market

This project is expected to be constructed in two years. Kikyo Residence, with the total investment of VND630 billion ($27.6 million), is one of the most important projects of Nam Long during the period of 2016-2017. The project comprises of 110 villas and 234 apartments in the 17.5-hectare area of the Phu Huu project, which will open for sale in the second quarter of 2017. This is Nam Long's third consecutive project with Japanese FDI, after Flora Sakura and Fuji Residence.

The post Japanese projects freshening up Vietnam's real estate market appeared first on Dutch Business Association Vietnam.

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City aims for high-quality low-cost housing

Le Hoang Chau, chairman of the HCM City Real Estate Development Association, said the city might be able to build 30sq.m-apartments for just VNĐ100-200 million ($3,900-8,700), as Binh Duong had done. However, only a minuscule percentage of the population, about 10,000 people, would get them, which is not fair for so many people that need low-cost housing.

The post City aims for high-quality low-cost housing appeared first on Dutch Business Association Vietnam.

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Fujiwara considers Vietnam solar panel assembly joint venture

Fujiwara's strategy for Vietnam includes solar panel manufacturing, said President Osamu Kimura of Fujiwara in an interview in Hanoi. To build a large-scale manufacturing plant to obtain efficiency and economics of scale equal to that of others in the industry will require much government support, said Kimura, so there is much to evaluate.

The post Fujiwara considers Vietnam solar panel assembly joint venture appeared first on Dutch Business Association Vietnam.

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Draft decree paves way for foreign investment in education

According to Nguyen Xuan Vang, head of the International Cooperation Department of the MOET, the draft decree is designed to replace Decree No. 73 issued in 2012, which has shown several shortcomings during its implementation.

The post Draft decree paves way for foreign investment in education appeared first on Dutch Business Association Vietnam.

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Ministry proposes plan for sustainable use of Vietnam's sea

In light of this, Vietnam's sea would consist of six zones, namely special-use zone, coastal zone for special conservation and strong general economic development, coastal zone for conservation in combination with economic development, zone for oil and gas exploitation, fishing zone, and zone for other maritime activities.

The post Ministry proposes plan for sustainable use of Vietnam's sea appeared first on Dutch Business Association Vietnam.

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SOM-1: good start for APEC Year 2017

They were highly unanimous on four priorities of the APEC Year 2017, namely promoting sustainable, innovative and inclusive growth; deepening regional economic integration; strengthening micro-, small- and medium-sized enterprises (MSMEs)' competitiveness and innovation in the digital age; and enhancing food security and sustainable agriculture in response to climate change.

The post SOM-1: good start for APEC Year 2017 appeared first on Dutch Business Association Vietnam.

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Draft decree paves way for foreign investment in education

As marine economics and tourism make up 90% of the local economic power, the Government chief called for special attention to the protection and control of environment, especially marine environment. Nha Trang, the capital of Khanh Hoa, is considered one of the ten major service-tourism hubs of Viet Nam. However, it is now facing traffic congestions as a rail way station is located in the city center.

The post Draft decree paves way for foreign investment in education appeared first on Dutch Business Association Vietnam.

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Samsung Display gets license to invest $2.5 billion more in Vietnam: state TV

Samsung Electronics Co Ltd's display panel subsidiary has received a license to invest another $2.5 billion in Vietnam to boost capacity, Vietnam's State Television (VTV) reported.

The post Samsung Display gets license to invest $2.5 billion more in Vietnam: state TV appeared first on Dutch Business Association Vietnam.

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Mainstream will develop three wind projects in Vietnam

Irish renewable project developer Mainstream Renewable Power will develop, build and operate three wind projects with a combined capacity of approximately 940 MW in Vietnam, in partnership with local and international developers.

The post Mainstream will develop three wind projects in Vietnam appeared first on Dutch Business Association Vietnam.

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UN summit looks to facilitate entrepot trade in Asia-Europe

VOV A summit of the United Nations (UN) is taking place in Hanoi on March 7-9 to enhance cooperation in facilitating entrepot trade and implementing the 2030 agenda on sustainable development. The event is co-held by the Ministry of Foreign Affairs and the UN Office for the high representative for the least developed countries, landlocked developing countries and small island developing states (UN-OHRLLS). Representatives from 29 regional and international organisations, including the UN Economic and Social[...] READ MORE

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Vietnamese brands find footing in US, EU food markets

Instead of selling raw materials to foreign food producers, more and more Vietnamese food businesses are exporting quality branded products to strict markets like the U.S. or European Union (EU) for higher values.

The post Vietnamese brands find footing in US, EU food markets appeared first on Dutch Business Association Vietnam.

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European F&B businesses seek opportunities in Vietnam

The EU-Vietnam Business Network (EVBN) will implement a trade promotion program for food and beverage in Ho Chi Minh City and Hanoi on February 28- March 3 to help European businesses access the potential market and seek partners.

The post European F&B businesses seek opportunities in Vietnam appeared first on Dutch Business Association Vietnam.

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Vietnam to have 10 hi-tech farming zones

By 2030, the construction of ten approved hi-tech farming parks will be completed and put into operation.
According to the plan, flowers will be grown in Lao Cai, Hanoi, HCM City and Lam Dong and fruit for export will be grown in the southeast and Mekong Delta.

The post Vietnam to have 10 hi-tech farming zones appeared first on Dutch Business Association Vietnam.

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New transfer pricing decree: a step closer to international standards

The release of Decree 20 creates a more solid and expansive legal basis for the Vietnamese transfer pricing administration and brings the country closer to international standards with the changes in transparency and anti-tax avoidance efforts.

The post New transfer pricing decree: a step closer to international standards appeared first on Dutch Business Association Vietnam.

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Dutch paint and coatings group AkzoNobel rejects offer from US rival PPG

'The unsolicited proposal we received from PPG substantially undervalues our company and contains serious risks and uncertainties,' said chief executive Ton Büchner. 'The proposal is not in the interest of AkzoNobel's stakeholders, including its shareholders, customers and employees, and we have unanimously rejected it.'

The post Dutch paint and coatings group AkzoNobel rejects offer from US rival PPG appeared first on Dutch Business Association Vietnam.

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Dutch Brewer Heineken to launch its first alcohol-free beer

The Heineken brand still accounts for 30% of group profit. 'The new brand is exciting,' said Heineken master brewer Willem van Waesberghe. 'It is the biggest change Heineken has made in years because it is an update of our own brand,' he told the paper. Van Waesberghe, who was formerly director of research at the brewer, said Heineken worked on the formula for two years and that Heineken 0.0 had to fit into the brand's global offering. He said the market for alcohol-free beer is growing rapidly, already accounting for 10% of beer sales in Spain. 42 Share 26 Share Share Tweet Share

The post Dutch Brewer Heineken to launch its first alcohol-free beer appeared first on Dutch Business Association Vietnam.

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Restoring an icon of Scottish shipbuilding

AkzoNobel's involvement in the project highlights the work the company is doing as part of its global Human Cities initiative. Focused on improving, energizing and regenerating urban communities across the world, the program is an active expression of the company's purpose to create everyday essentials to make people's lives more liveable and inspiring.

The post Restoring an icon of Scottish shipbuilding appeared first on Dutch Business Association Vietnam.

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FDI firms set up links with farmers

"It's not just about the quantity and quality, we want to increase the sustainability of coffee planting in Vietnam by using less water and less fertilizer, and thus improve the whole value chain of the Vietnamese coffee sector," said Ganesan Ampalavanar, Nestle Vietnam's managing director...

The post FDI firms set up links with farmers appeared first on Dutch Business Association Vietnam.

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Vietnam advocates UN 2030 Agenda on sustainable development

"The 2030 Agenda for sustainable development acknowledges special needs and challenges faced by the non-maritime countries. There is a need for the international community to support development effort of these countries. We should focus on cooperation in order to improve the physical infrastructure, the harmonization of customs procedures and standards, the consistency and harmonization of policy," says UN Deputy Secretary General Gyan Chandra Acharya.

The post Vietnam advocates UN 2030 Agenda on sustainable development appeared first on Dutch Business Association Vietnam.

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Ha Nam develops smart agriculture

Ha Nam's high-tech agriculture zone combines the farm land of 300 households under a 20-year land lease.
Investors hope that it will become the largest melon growing area in the north and will meet domestic demand as well as the requirements of demanding export markets like Japan, the EU, and the US.

The post Ha Nam develops smart agriculture appeared first on Dutch Business Association Vietnam.

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Vietnam active in regional economic, trade integration

According to the report, global and regional trade, particularly in the Asia-Pacific, has been suffering huge challenges because of a growing number of people around the world are questioning the value of trade agreements, reflected by Brexit and the US's withdrawal from the Trans Pacific Partnership (TPP).

The post Vietnam active in regional economic, trade integration appeared first on Dutch Business Association Vietnam.

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