Over 100 firms join International Trade Fair of Northwest Region The International Trade Fair of the Northwest Region 2019 opened in Dien Bien Phu city in the northwestern province of Dien Bien on March 30 More than 100 organisations and businesses of Vietnam, China, Laos and Thailand have joined the International Trade Fair of the Northwest Region 2019 that was opened in Dien Bien Phu city in the northwestern province of Dien Bien on March 30. The event, which will run until April 5, has 280 booths introducing goods and services of different localities of Vietnam and foreign firms, along with a trading area and a food court. On display at the fair are manufacturing-mechanical products, machines, industrial and agricultural equipment, office equipment, and handicrafts. Le Van Quy, Vice Chairman of the People’s Committee of Dien Bien province, said that the trade fair is part of the national trade promotion programme which has been approved by the Ministry of Industry and … [Read more...] about BUSINESS NEWS IN BRIEF 2/4
Potential of cruise tourism in india
Danang has been designated by the central government to be the core city of the Key Economic Zone in central Vietnam, the entrance to the UNESCO World Heritage sites, and the terminal point of the East-West Corridor linking with Laos, Thailand and Myanmar. It is clear that Danang's location makes it a strategic location from which your business can access potentially rich Vietnamese and other Asian markets.I. STRATEGIC LOCATION The coastal city of Danang is situated at the very heart of Vietnam, 759km from Hanoi and 960km from Ho Chi Minh City. It lies on the north-south communications axis of land ( National Road 1A), rail, sea and air routes. Danang borders Thua Thien - HueProvince in the north, QuangNamProvince in the south and the west, and the EasternSea in the east. It is located in a typical tropical area influenced by monsoons with an annual average temperature of 25.7C. The city has a natural land area of 1,256km2 and a population of 887,069 as of 01 April 2009. … [Read more...] about Why invest in Danang?
Warning status on EIB shares extended Shares of the Vietnam Commercial Export and Import Bank (Eximbank) will continue to bear a warning status after the bank reported retained losses of VND756.8 billion ($33.9 million) as at June 30. The share was first given a warning status by the Ho Chi Minh City Stock Exchange (HoSE) on April 8 because of its retained losses, which it has failed to address. HoSE will now consider the next step in reviewing Eximbank's status based on the bank's audited consolidated financial statements for 2016. Eximbank's after-tax profit for the first six months of this year reached VND60.7 billion ($2.7 million), with retained losses of VND756.8 billion ($33.9 million). As at June 30 the bank's lending balance stood at VND80.8 trillion ($3.6 billion), down 4.62 per cent compared to the end of 2015. Its credit balance was VND100.7 trillion ($4.5 billion), up 2.33 per cent compared to the end of 2015, with total assets at VND121.7 trillion ($5.4 billion), down 3.3 … [Read more...] about BUSINESS IN BRIEF 13/9
HCM City property market stalls There are growing signs of a stalemate in HCM City's residential market, with prices in the primary market seeing little change in the first quarter. "What we are seeing is a face-off between developers and buyers," said Marc Townsend, managing director of CBRE Viet Nam. "Residential buyers will not buy property if they think prices will go down in the future. "They simply expect prices to be lower next quarter and thus will not re-enter the market, while developers are attempting to show, in some cases, there is little more to give for, for over a year, they have offered discounts, gifts and lucky draws, and that has not turned the residential market around." Adam Bury, CBRE's research and consulting senior manager, says with the economy now appearing more stable, calmer inflation, lower interest rates, and a rising stock market, developers, a couple of whom have had reasonable sales in March, may now feel the market is approaching the … [Read more...] about BUSINESS IN BRIEF 17/4
Coffee industry to spend $600m in bid to regain trademark Viet Nam will spend roughly US$600 million in a lawsuit that aims to regain the Buon Ma Thuot coffee trademark from foreign businesses, said deputy director of the Dak Lak Department of Science and Technology Trinh Minh Duc. The move was made after it was found that the trademark of Buon Ma Thuot coffee from the Central Highland province of Dak Lak has been registered in China for monopoly protection for 10 years while the Dak Lak coffee trademark has also been registered by a French company in more than 10 different countries since 1997. Of the total US$600 million, the Dak Lak People's Committee will contribute half of the funds while the rest will come from members of the Viet Nam Coffee Association and the Intellectual Property Department under the Ministry of Science and Technology. Minh said that the lawsuit could last two to three years, adding that the Viet Nam Coffee Association has so far received proposals … [Read more...] about BUSINESS IN BRIEF 8/11