Business (13)

    Friday, 14 July 2017 06:00

    Vietnam Pavilion at Expo 2017 in Astana

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    Vietnam has defined the theme of its National Pavilion at EXPO-2017 as: "Fusion of Traditional and Modern – Vietnam’s Future Energy”.
    Within the frames of its participation, Vietnam is planning a number of culture events. On August 29, the National Day of Vietnam will be held at the Exhibition; and in honor of 25th anniversary of establishment of diplomatic relations between the two countries, holding of Days of Culture of Vietnam in Kazakhstan is planned.

    Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region.
    The moves come at a delicate time in Beijing's relations with Vietnam, which claims parts of the sea, and India, which recently sent warships to monitor the Malacca Straits, through which most of China's energy supplies and trade passes.
    Vietnam granted Indian oil firm ONGC Videsh a two-year extension to explore oil block 128 in a letter that arrived earlier this week, the state-run company's managing director Narendra K. Verma told Reuters.
    Part of that block is in the U-shaped 'nine-dash line' which marks the vast area that China claims in the sea, a route for more than $5 trillion in trade each year in which the Philippines, Brunei, Malaysia and Taiwan also have claims.

    The Japanese software market is really attractive in the eyes of Vietnamese software outsourcing firms, but Vietnamese firms always have to struggle to penetrate the lucrative market. According to Vinasa (Vietnam Software and IT Service Association), up to 80 percent of Vietnamese firms consider Japan as the core market when doing the outsourcing for foreign partners. Of these, only five percent of businesses has been exploiting the Japanese market, 20 percent of businesses consider Japan as the main market, and 55 percent consider Japan as one of their main markets.

    The Netherlands-based Uber BV will have to pay taxes owed both by itself and its drivers, the Vietnamese finance ministry has decided.
    Uber BV issues invoices for rides and handles revenues in Vietnam, but pays no taxes.
    According to the decision, the taxi hailing company will have to authorize its subsidiary in Vietnam or a third party to declare and pay those taxes.

    Dairy giant Vinamilk has been named the most valuable company in Vietnam for the second year in a row by Forbes Vietnam.

    Forbes Vietnam and Viet Capital Securities Company on Monday announced their list of the 40 most valuable firms in Vietnam, which were collectively valued at over US$5.4 billion, an increase of 20 percent on last year.

    The so-called fourth industrial revolution, also known as Industry 4.0, will provide more development opportunities for businesses but will also require businesses to prepare qualified human resources to meet the industry’s standards, according to experts.

    To prepare for the new wave, many businesses have invested in buying modern machines and equipment and in training human resources. But in the Saigon Hi-tech Park, for example, high-tech firms still lack qualified staff to meet their demand. Deputy Director of the park Lê Thành Nhân said businesses in the park need workers capable of operating modern equipment and technology.

    Thursday, 29 June 2017 17:26

    Honda Vietnam launches all-new PCX 125

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    Right after the debut, scooter PCX has brought a new air with stylish design, advanced technologies and luxurious outlook to be the wish of all those who have special passion for conquering. For PCX, Honda wishes to introduce to the market a scooter model which attains the balance of all functionalities including strong performance, environmental friendliness, user friendliness, high quality and fashionable design. Right after being launched, Honda PCX with attractive appearance harmonizing with the trendy color style and high-class utilities has become the choice to express personal taste of many customers.

    Representatives of six German companies on Monday began their business trip in Vietnam to explore the potential of the local solar photovoltaic market.

    The Delegate of German Industry and Commerce in Vietnam, which organized the trip, said the representatives participated in a conference in Ho Chi Minh City to discuss and learn about investment opportunities.
    They also presented their products and services to some 150 Vietnamese companies and participants, and attended bilateral meetings.

    Thursday, 22 June 2017 00:44

    Horse-racing courses in the final furlong

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    Hong Kong’s Matrix Holding Limited has proposed to develop a horse racing complex, the move came immediately after the decree on betting services for specific sport games was submitted to the government in June.

    Nguyen Thuy Tinh Ca says that when you have spent three years at a Vietnamese university you will know what boredom is. “It was a struggle not to fall asleep in class,” says the young woman who is now fizzing with entrepreneurial energy.

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