M&A to spike as economy grows
There will be a wave of mergers and acquisitions in Vietnam in the next five years when the economy recovers and foreign direct investment surges, an international conference heard in HCM City on August 7. Vietnamese and foreign experts said t it could result in deals worth a total of US$20 billion.The next five years […]
FDI firms encouraged to invest in agriculture
Vietnam has called on foreign direct investment firms to further invest in agricultural product and food processing to balance trade and take full the country’s advantages, said a senior official from the Ministry of Industry and Trade. At a meeting between the ministry and businesses in the Mekong Delta on November 5 in Can Tho […]
FDI disbursement up 5.9% in 10 months
Disbursement of foreign direct investments (FDI) posted an encouraging 5.9-per cent increase to US$10.15 billion in the first 10 months of 2014. The latest report from the Ministry of Planning and Investment’s Foreign Investment Agency also revealed that in the first 10 months of the year, Viet Nam attracted FDI worth $13.7 billion, or 71.2 […]
WTO Announces Ruling On Vietnam’s Shrimp Anti-Dumping Lawsuit
The World Trade Organisation (WTO) on November 17 announced the panel’s final decision on Vietnam ’s lawsuit against the US imposition of anti-dumping tax on its certain warm-water frozen shrimp, known as case DS/429. The panel considered 11 contents in Vietnam ’s claims and issued rulings on seven of them which are considered conducive to […]
Vietnam offers vital hub for German SE Asia entry
Vietnam has increasingly appeared as an attractive destination for German companies wanting to expand their presence in Asia thanks to the country’s increasingly diverse range of industries. Bosch is one of the distinctive German brands in Vietnam Data from Vietnam’s Ministry of Planning and Investment show a growing trend of investment from German companies into […]
Not collect charges for film appraisal serving for political tasks
On September 15, 2014, the Ministry of Finance issued the Circular No. 136/2014/TT-BTC amending and supplementing some articles of the Circular No. 122/2013/TT-BTC dated August 28, 2013 of the Ministry of Finance, decides that Not collect charges for appraisal of art performance programs (programs, plays) serving for political tasks and films in the foreign film […]
Vietnam’s FPT reaches nearly 20000 employees
Vietnamese conglomerate FPT reports it currently has 19.952 employees. Of these, 12,532 are male employees, equivalent to 62.8 percent of the company’s total staff. The remaining 7,420 female employees account for 37.2 percent of FPT’s staff. By member company, FPT Software has 6,149 employees, while FPT Telecom has a 4,531-member staff. FPT Retail ranks third […]
Vingroup buys supermarket chain from OceanMart
Vingroup Joint Stock Company announced Friday that it has bought a 70 percent stake in the Ocean Retail company and will officially change the name of its supermarket chain from OceanMart to VinMart. As a result of the move, Vingroup now owns 13 commercial centers and supermarkets previously known as OceanMart. Le Khac Hiep, deputy […]
Five Vietnam retailers among top 500 Asia
Retail Asia Publishing and Eurominitor International (Asia) have ranked 500 best retailers in Asia Pacific region. Notably, the statistics on sales of Saigon Co.opmart made a surprise when it is equivalent to both BigC and Nguyen Kim. Vietnam has five retailers in the list including Saigon Co.opmart ($1.1 billion revenue), BigC ($534 million), Saigon Jewellery […]
Petrochemical projects put Vietnam at risk
Vietnam has expanded the plan to develop the petroleum industry in the country by 2020, but some say that the increasing number of refineries comes with significant risks. Japanese firm keen to invest in Dung Quat EZ Revised zoning plan for Dung Quat seaport 2 approved Dung Quat Oil Refinery sets new safety record Originally, […]