maandag 1 juli 2019

Vietnam: Airports Corporation of Vietnam aims for 9% expansion

Airports Corporation of Vietnam aims for 9% expansion

VNS/VNA/VOV The Airports Corporation of Vietnam (ACV) has targeted earning 19.1 trillion VND (820 million USD) in revenue and 8.2 trillion VND (355 million USD) in pre-tax profit in 2019, representing year-on-year increases of 7% and 9%. ACV holds a positive view of the growth trajectory of the Vietnamese air transport market thanks to the... View Article

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Trade deficit is still within control: economists

Vietnamnet/VOV "Unlike two years ago, many analysts have warned that Vietnam will witness a trade deficit. However, I believe the trade deficit will still be within control,' said Vo Tri Thanh, a respected economist. The Ministry of Industry and Trade (MOIT) has reported that the export turnover hit USD21.5 billion in May, an increase of... View Article

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Domestic property price to be stable in second half of 2019

VNS/VNA/VOV The domestic real estate market in the second half of this year is not expected to witness significant changes in price due to stability in supply, according to experts. During the last six months of this year, the medium- and high-end apartment market would not see any price fluctuations, said Nguyen Minh Ngoc, the... View Article

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Vietnam, EU partnership prospects bright: German experts

VNA/VOV The development potential for trade partnership between Vietnam and the EU is bright thanks to abundant opportunities brought by the soon-to-be-signed EU-Vietnam Free Trade Agreement (EVFTA), according to a German expert. Dr. Gerhard Will, a Southeast Asia expert from the Berlin-based German Institute for International and Security Affairs (SWP), further said that in order... View Article

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Customer Conference in Tay Ninh Province – New opportunity for growers

East-West Seed (Hai Mui Ten Do) On 24 June 2019 in Tay Ninh, the customer conference of East-West Seed Company (Hai Mui Ten Do) took place. There were about 60 attended the conference including traders, dealers and key farmers. The conference aimed to introduce to customers new products of HMTD to meet the new demands of the regional markets such... View Article

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Local rules still drive complexity for business expansion in 2019

TMF Group With new and varying regulatory legalisation in countries all over the globe, staying compliant with reporting and avoiding penalties can be a real headache for businesses. TMF Group's Global Business Complexity Index (GBCI), a report which compares key administrative and compliance demands across 76 jurisdictions, positions Greece at the peak of business complexity. With complicated and... View Article

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Trade balance accrues upward trajectory

VOV Vietnam's trade balance has been back on an upward path after recording a surplus worth USD70 million between January and mid-June. According to the General Department of Vietnam Customs, the country racked up USD10.178 billion in the first half of June, thus increasing the total value of exports by 15 June to USD111.26 billion.... View Article

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EVFTA, EVIPA deepen Vietnam-EU trade ties: seminar

VNA/VOV The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) will help promote the comprehensive partnership and trade relations between Vietnam and the EU, as heard a seminar held in Brussels on 24 June. The event, organised by the EGMONT- the Royal Institute for International Relations in collaboration with the EU-Vietnam... View Article

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Vietnam seeks to increase economic efficiency of northern hub

VIR The conference on seeking solutions to further develop the northern key economic region opened in the northern province of Hung Yen on 25 June, hoping to open a new chapter for regional economic development in the months to come. The event, which attracted the participation of Prime Minister Nguyen Xuan Phuc, deputy prime ministers... View Article

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ADB-DutchCham announces winners Winsemius Awards 2019 at the Annual Gala

ADB-DutchCham ADB-DutchCham is proud to announce the winners of the Winsemius Awards 2019, unveiled on Thursday, May 30th 2019 at the Ritz-Carlton Millenia hotel in Singapore over a festive and well-attended gala evening. Organised to celebrate the strong business ties between Singapore and the Netherlands and to recognise innovative and impactful achievements, the 2019 Edition... View Article

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EU welcomes signing of free trade deals with Vietnam

VNA/VOV President of the European Commission (EC) Jean-Claude Juncker said on 25 June that he welcomed the decision of the EU member states on approving to entrust the EC to sign the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement (EVIPA) with the Southeast Asian country. "After Singapore, the agreements with Vietnam are... View Article

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Mid-term VBF to feature businesses' role in rapid, sustainable development

VNA/VOV The mid-term Vietnam Business Forum (VBF) 2019 will highlight the role of the business community in rapid and sustainable development, heard a press conference in Hanoi on 25 June. Nearly 600 delegates from government agencies, international organsiations, sponsors, and business associations are expected to partake in the event. VBF is a dialogue mechanism between... View Article

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Vietnam consumer confidence index again hits record high

VOV With a jump to 129 percentage points in Consumer Confidence Index, Vietnam once again hit the record high and surpassed Indonesia to rank 3rd in the world for having the most positive consumers during the first quarter of 2019, just after the Philippines and India. Nielsen Vietnam on 25 June cited this information from the... View Article

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EVFTA to represent new value chains for Vietnam

VOV The European Union – Vietnam Free Trade Agreement, poised to be signed on 30 June, would leverage Vietnam to build new value chains with the EU, one of the world's leading economic powers, Minister of Industry and Trade Tran Tuan Anh has stated. Both the European Union – Vietnam Free Trade Agreement (EVFTA) and... View Article

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Growth demand fuels solar power boom in Vietnam

VNA/VOV Many solar power plants have become operational in the southern region in the first half of 2019, showing part of the solar power development wave to meet the economic growth demand in Vietnam. In mid-June, TTC Group of Vietnam and Gulf Group of Thailand opened two solar power plants in Thanh Thanh Cong Industrial... View Article

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Vietnam takes actions to have EC yellow card removed

VOV Vietnam has taken steps to prevent its fishermen from illegally fishing in foreign waters to meet the EC's yellow card regulations on unidentified origin products. The fishery sector and authorities of 28 coastal provinces and cities are committed to the goal. The EC's yellow card warning is not a sanction on Vietnamese fishing, but... View Article

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Vietnam's dairy producers vow to make bigger investments

Vietnamnet/VOV It is expected that the average dairy product demand of Vietnamese will increase to 28 liters per annum by 2020. A report released at a recent workshop on Vietnam's dairy industry showed that in 2009, the domestic output satisfied 20-30% of the domestic demand and only 5% of milk cows were farmed in concentrated... View Article

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Vietnam's Northern key economic zone gains speed

Hanoitimes/VOV In 2018, Hanoi drew USD7.5 billion of FDI and took the lead for the first time in terms of newly registered capital. Vietnam's Northern key economic zone has seen its economic grow at a higher speed than other regions in the country, the report of the Ministry of Investment and Planning showed. Even though... View Article

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Foreign investors interested in North-South Expressway project

VNA/VOV Many investors from the Republic of Korea, Japan and China are looking to join the North-South Expressway project, according to Deputy Minister of Planning and Investment Vu Dai Thang. Twenty-five domestic firms have bought bidding documents for the project, which will focus on building road sections along the expressway in the east.  Representatives from... View Article

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Shrimp exports set to capitalise on EVFTA opportunities

VOV With the European Union – Vietnam Free Trade Agreement (EVFTA) to be officially signed on 30 June, a wealth of opportunities are expected to open up for agricultural and seafood products, with shrimp exports to the European market in particular poised to receive a boost, according to the Ministry of Industry and Trade. Currently,... View Article

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Tra fish exports to EU to surge in 2019

VNA/VOV The Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast that tra fish exports to the EU will increase by 20-35% in 2019. Last year, tra fish exports to the EU bounced back after declining from 2010 to 2017. From 1 January to 15 May this year, tra fish exports to the EU... View Article

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More than 12,900 enterprises enter market in six months

VNA/VOV As many as 12,960 businesses were established during January-June, registering a total capital of over 190 trillion VND (8.14 billion USD), the Ministry of Planning and Investment said at a press conference in Hanoi on 27 June. The average registered capital per enterprise reached 14.7 billion VND. From the outset of the year, Vietnam... View Article

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Long-awaited EU-Vietnam free trade deal inked in Hanoi

VnExpress International The EVFTA was signed in Hanoi Sunday after nine years of negotiations, opening a new chapter in EU-Vietnam investment and trade ties. The signing ceremony was witnessed by Vietnam's Prime Minister Nguyen Xuan Phuc and Cecilia Malmstrom, European Commissioner for Trade. "The agreement opens a new development horizon for both sides. It is a recognition... View Article

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