Vietnam 

Samsung CT alerts investors of Vietnamese company using its brand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Samsung C&T headquarters in Seoul. — Photo koreaherald.com HÀ NỘI — A Vietnamese real estate developer is reportedly promoting new apartments named in HCM City by invoking the name of Samsung C&T – a luxurious South Korean apartment brand that is not involved in the projects. The company has said that Housing Development and Trading Joint Stock Company (HDTC) identified it as a partner or a management services provider on its websites and in promotional emails related to apartments it was building and marketing. In a statement, Samsung C&T…

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Vietnam 

Foreigners still permitted to make term deposits at Vietnamese banks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Resident and non-resident foreigners in Việt Nam are still permitted to make term deposits at local banks. — VNA/VNS Photo HÀ NỘI — Resident and non-resident foreigners in Việt Nam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers, the State Bank of Việt Nam has said. Last week, some banks announced that they would stop taking savings deposits from foreign individuals starting this month to follow the central bank’s Circular 48/2018/ TT-NHNN, which took effect on July…

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Vietnam 

Vietnamese goods struggle to find shelf space at home as foreign retailers dominate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Early last week Thailand’s Central Group, the owner of the supermarket chain, had sent a letter to Vietnamese vendors saying it plans to stop buying garments from this month “until further notice” to restructure the business. — Photo zing.vn BUSINESS BEAT Compiled by Thiên Lý Though Big C Vietnam’s decision to stop buying Vietnamese garments was discontinued immediately and it was soon business as usual, public opinion has yet to settle down, with many people worrying about the fate of Vietnamese goods in future. Early last…

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Vietnam 

HCM City to organise first Vietnamese Goods Week in Thailand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Huỳnh Trang, deputy director of the HCM City Department of Industry and Trade, speaks at the seminar to introduce the Vietnamese Goods Week in Thailand in October. — VNS Photo Xuân Hương HCM CITY — HCM City, Thai-owned MM Mega Market Vietnam and Big C in Thailand will organise their first ever Vietnamese Goods Week in Thailand in October. Speaking at a seminar held to introduce the event in HCM City yesterday, Nguyễn Huỳnh Trang, deputy director of the city Department of Industry and Trade, said the event would…

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Vietnam 

First-ever White Book on Vietnamese Businesses launched – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Prime Minister Vương Đình Huệ said that the White Book provides reliable information for the Government, ministries, sectors and localities as well as associations and investors. — VNA/VNS Photo Doãn Tấn HÀ NỘI — The first edition of the White Book on Vietnamese Businesses was launched at a ceremony in Hà Nội on Wednesday.  The White Book, compiled by the General Statistics Office (GSO) under the Ministry of Planning and Investment, contains essential information assessing the development of enterprises across the country and in…

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Vietnam 

Vietnamese brands sail into global markets – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A NutiFood’s plant in Bình Dương Province. The company is becoming a major foreign investor like many other Vietnamese companies. — Photo courtesy of NutiFood HCM CITY — Vietnamese businesses are further participating in the global value chain and reaching out to the world market. According to experts, State-owned enterprises used to invest mainly in neighbouring markets such as Laos and Cambodia, but things have changed now. Many investments now are made by private enterprises and span many fields from technology and agriculture to banking and finance, they said.…

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Vietnam 

Experts urge Vietnamese enterprises to protect their IP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Denis Croze, director of the regional office of the World Intellectual Property Organisation  (WIPO) in ASEAN, shared about reliable platforms to register trademark protection. VNS Photo Minh Thu   HÀ NỘI — Vietnamese designs and trademarks are being violated abroad as firms don’t pay enough attention to registering their intellectual property (IP), a top official has said. Vũ Tiến Lộc, President of the Vietnamese Chamber of Commerce and Industry (VCCI), made the statement at the one-day ‘Protecting Designs and Trademarks for Vietnamese Enterprises’ conference yesterday in Hà Nội. “Vietnamese…

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Vietnam 

Vietnamese Ambassador to Japan supports Bamboo Airways’ expansion efforts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Speakers at the FLC’s investment promotion seminar in Tokyo on Tuesday. — Photo courtesy of FLC TOKYO — Vietnamese ambassador to Japan Vũ Hồng Nam has endorsed FLC Group’s efforts to open an air route between Việt Nam and Japan. The diplomat was speaking at the investment promotion seminar on ‘Airline – Golf resort – Real estate Ecosystem – Business outlook and Investment Opportunity’, held by FLC in Tokyo early this week. At the event, Nam said the relationship between Việt Nam and Japan had reached a new peak and continued to…

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Vietnam 

Easing external demand to weigh on Vietnamese manufacturing sector’s growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Electronics components are manufactured at 4P Company in the northern province of Hưng Yên. Slow global growth in 2019 could drag on demand for Việt Nam’s electronics exports. — VNA/VNS Photo Phạm Kiên   Thu Hà HÀ NỘI – Slowing global demand will have adverse impacts on Việt Nam’s manufacturing growth in the remaining months of the year, experts forecast. Reports from the General Statistics Office (GSO) showed the growth rate of the processing and manufacturing sector slowed to 11.18 per cent in the…

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Vietnam 

Vietnamese shares drop as worries persist over global slowdown – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Hòa Phát steel mill in Hải Dương Province’s Kinh Môn District. The company’s shares were among the large-caps that declined and dragged  the stock market down on Wednesday. — VNA/VNS Photo Danh Lam HÀ NỘI — Việt Nam’s benchmark VN-Index slid on Wednesday with modest liquidity as investors remained quiet due to lack of supportive information. The VN-Index on the Hồ Chí Minh Stock Exchange inched down 0.17 per cent to end at 960.39 points. The southern market index lost 0.38 per cent on Tuesday. Trading liquidity was moderate…

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