EMART HYPERMARKET (KOREA) OFFICIALLY JOINS VIETNAM MARKET

After 5 years of conducting the survey and researching the market of Vietnam, the leading retail group from Korea – Emart (owned by Shinsegae Group) has officially entered Vietnam market by opening the first Emart hypermarket in Vietnam on December 28th 2015 in 366 Phan Van Tri street, ward 5, Go Vap district, Ho Chi Minh City (HCMC). Go Vap Emart Hypermarket has over 3 ha in area with a total investment of up to 60 million USD (equivalent...

Read More

VIETNAM AND EUROPEAN UNION WILL ELIMINATE OVER 99% IMPORT TARIFFS ON EACH OTHER

At a press conference on October 30th in Vietnam informed of important agreements between Vietnam and European Union (EU), Mr. Bruno Angelet – Ambassador, Head of Delegation of the European Union (EU) said that early August 2015, the EU and Vietnam has announced the conclusion of negotiations but the negotiation group continues to resolve the remaining technical issues, while improving documents. Once completed, the Agreement must be approved...

Read More

CAN THO GRANTED LICENSE FOR 5 NEW FDI PROJECTS

In 10 months of this year, Can Tho has granted license for 5 new foreign direct investment (FDI) projects with a total investment of about 17.1 million USD. These projects focus on sectors as manufacturing dried rice bran for export; repair and maintenance of agricultural/industrial machinery, commerce, processing industry and cinema. Also in the past 10 months, Can Tho adjusted 38.4 million USD capital increases of 4 FDI projects, in which...

Read More

CONTRACTS SIGNED WHEN PRESIDENT OBAMA VISITS VIETNAM

There have been series of cooperation contracts that are signed between the AmCham (American Chamber of Commerce in Vietnam) members and Vietnam businessesafter the first day that President Barack Obama visits Vietnam. On the trip to Vietnam of President Obama, AmCham and VCCI jointly organized the corporate event in Hanoi. At the event, the signing of agreements between member companies of AmCham and Vietnamese partners are took place. In particular,...

Read More

Vietnam in Top 20 Destinations to Living in the World

Althought the economy is not too rich like many developing countries, visitor still plus destination to Vietnam by owning many scene nice and the food. Vietnam in  20 top destinations  to living in the World Business Insider Page recently has suggested for many peoples tired of life at home and looking for new environment to do again the begining . Vietnam ranks 16th among the top  20 most liveable , higher than...

Read More

Vietnam Prepares for Wave of Russian Tourist

Currently, there were complicated situations occurred in the favorite destinations of Russian tourists such as Egypt, Turkey and Goa of India, the Russian Government recommend, forbidden or even stop the tours and flights to these destinations. Such names as Vietnam, Cuba and China were recommended as safe destinations for Russian citizens to travel. Nha Trang Beach of Vietnam The A321 of Kogalymavia Airlines (Russia) had an accident...

Read More

SAIGON CO.OP COOPERATED WITH WILMAR (JAPAN) TO BUILD SAUCE FACTORY

Nam Duong International Food Co., Ltd will implement the project with a total investment capital of 577.2 billion VND (equivalent to 25.6 million USD) to build a new factory in Hiep Phuoc Industrial Zone (Nha Be, Ho Chi Minh City). Accordingly, Nam Duong International Food Co., Ltd is a joint venture between Saigon Co-op (a large retailer in Vietnam) and Wilmar International Limited (Singapore) with the capital contribution ratio...

Read More

FOREIGN EXPERTS FELT “BREATHE EASY” WHEN LIVING IN VIETNAM

Vietnam ranked 21st in the economic ranking, but ranked 5th when talking about the saving ability of foreign experts. According to the survey from HSBC. Most of foreign experts believe that Vietnam had a more comfortable life with less spending on housing costs (62%), travel (73%), clothing (68%), goods and necessities (62%), essential services like electricity, water, telephone (70%) and bills (77%). Thus, experts are likely to...

Read More

ALIBABA FROM CHINA ACQUIRES LAZADA VIETNAM

Recently, there is a trend that foreign company comes and buy company in Vietnam, in order to expand their business operation and also set foot in Vietnam market, where is emerging as a potential market of the area. Alibaba Group – China’s giant technology corporation has spent 1 billion USD to acquire Lazada, thereby officially set foot in the online sales market of Vietnam. On April 12th 2016, the China’s giant...

Read More

JAPANESE GIANT PETROLEUM CORPORATION ENTER VIETNAM MARKET

There is a trend that foreign corporations entering Vietnam market as they see the potentials of this rising economy. Japan’s Idemitsu Kosan Group has received an investment license to open a joint venture with a unit of Kuwait to build a petrol distribution system in Vietnam. This corporation will contribute 50% capital to Idemitsu Petroleum Q8 Co., Ltd, along with Kuwait Petroleum International (KPI) to set up station system to retail gasoline...

Read More

RISK MANAGEMENT: A VITAL ELEMENT WHEN DOING BUSINESS

Risk management is a vital element when doing business but so far, not many enterprises concern about it. According to a recent survey with 522 companies, there are only 43 comanies, accounting for about 8%, have the independent risk management department in their business. More noteworthy, the majority of these 43 companies operating in the banking and financial sector, which has nothing new to risk management. In fact, not all...

Read More