PM to chair meeting on wood exports Prime Minister Nguyen Xuan Phuc will chair a meeting on wood processing industry and forestry exports in HCM City on August 8, the Ministry of Agriculture and Rural Development’s Viet Nam Administration of Forestry has announced.The forthcoming event will attract the participation of more than 500 enterprises operating in wood and representatives from foreign and domestic agencies. They will discuss measures for the fast and sustainable development of timber industry in the time to come.Statistics from the administration revealed that the country earned US$5 billion from forestry exports in the first seven months of this year, up 14 per cent year-on-year.The exports fulfilled nearly 56 per cent of the yearly target and made up 22.6 per cent of the total turnover of the agriculture sector.The US, China, Japan and South Korea were the largest forestry importers of Vietnamese timber goods. Other markets with strong growth … [Read more...] about BUSINESS NEWS 7/8
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PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31. The agreements included a gas sales and purchase and a gas supply agreement. The stakeholder participation in the Petroleum Sharing Contract includes the operator Idemitsu Kosan Co Ltd with 43.08 percent; Teikoku Oil (Con Son) Co Ltd, 36.92 percent; and PetroVietnam, 20 percent. Speaking at the signing ceremony, PVN General Director Nguyen Vu Truong Son said the signing of trade agreements achieved after over two years of negotiations among sides involved. He said the event is very significant for the gas filed to turn out the first flow of oil and gas in the third quarter of 2020, with an estimated annual output of 1.5 billion cubic metres of gas and of 2.8 million barrels of crude oil and natural-gas condensate. The … [Read more...] about BUSINESS NEWS IN BRIEF 4/8
Hanoi, April 8 (VNA) - Vietnamese shares extended rallies on both local exchanges on April 7 as positive business information drove companies up and energy stocks benefited from recent gains in oil prices. The benchmark VN Index added 0.7 percent to close at 571.60 points, rallying 2.8 percent in the last three trading days. The HNX Index on the Hanoi Stock Exchange rose 0.5 percent to finish at 79.70 points. The northern index has increased by 1.6 percent in the last four sessions. Both markets were boosted by stocks that have provided positive business information. Dairy firm Vinamilk (VNM) rose 2.9 percent after the company recently removed seven businesses from its portfolio to raise foreign investment in its capital. Tien Len Steel Group JSC (TLH) jumped 5.7 percent after the company said it expects a net profit of 100 billion VND (4.4 million USD) in the first quarter of this year, a huge improvement compared to last year’s total loss of 169 billion VND. The … [Read more...] about Bản in : Business news lifts Vietnam stocks
How to Make CRM a Competitive Weapon in Business? At the sideline of the conference “Customer Relationship Management (CRM) as a Major Competitive Weapon in Business” recently held by CFVG in Hanoi, Vietnam Business Forum had an interview with Mr Frédéric Jallat, - Professor and Head of the Marketing Department at ESCP Europe (Paris) on CRM and how Vietnamese enterprises can implement it successfully. CRM is now defined differently. What is your own definition? As far as I am concerned, I would define CRM as an approach which is based on identifying, attracting and keeping the company’s best customers in order to increase its global profitability. As such, customer relationship and loyalty management are at the heart of the company’s strategy. Therefore, tools and methods which develop and increase these relationships are crucial for the company’s survival and expansion. Why do you say that CRM is a major competitive weapon in … [Read more...] about How to Make CRM a Competitive Weapon in Business?
Jeffrey E. Carleton, global markets head and country treasurer of Citibank Vietnam, has fulfilled himself in this country, doing the job of his dreams and having the most important person of his life - his wife - beside him. He fell in love with Southeast Asia twenty years ago but he wanted to wait until 2006, when his daughter went to college, to move here with his wife. Passionate about his job as global markets head and country treasurer of Citibank Vietnam, Carleton now feels at home in this country. Jeffrey E. Carleton Fifty one years old, with a wife and one daughter to whom he is devoted, he has been in the management of Citibank since 2005 but he has been trading for 30 years. He joined Citigroup (Smith Barney) to run US Agency Trading and Syndicate in 1995 but prior to that he worked for First Boston (now Credit Suisse), Columbus Circle Investors Corp and The Equitable Life Assurance Society of the United States. From 2007 to early 2010 he worked for Citibank Korea. … [Read more...] about Trust is most important in business