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Tag Archive for ‘Thailand’

FDI to Vietnam is mostly from Asia, with South Korea ranked first

The great advantages of Vietnam’s business environment and its membership in FTAs and the AEC have helped to attract many investors from Asia. The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent […]

Vietnam to build customs bond system

The Global Alliance for Trade Facilitation (GATF) will help Viet Nam to establish a customs bond system – part of the country’s efforts to modernize and reform administrative procedures relating to import and export. The GATF and the Viet Nam Private Sector Forum (VPSF) launched their joint project on customs bond last Friday, aimed at […]

Vietjet carries 260,000 passengers during the Vietnam National Day holiday (September 2-4)

The low-cost airline Vietjet Air operated about 1,500 flights, serving nearly 260,000 passengers during the National Day holiday (September 2-4). The number of Vietjet Air’s passengers this holiday increased 27% year-on-year, with punctuality rate reaching 88.3%. The airline also launched various programmes during its flights, such as presenting gifts and domestic flight tickets to customers. […]

Superior quality rice yields hope for Vietnamese farmers

Experts at a recent conference in Ho Chi Minh City urged Vietnam agriculture to move away from high-yield to superior quality rice varieties to best compete with other rice exporters in the Asian region such as India and Thailand. The European Union will offer the Vietnamese rice segment import duty-free tariff rate on increased quotas […]

Vietnamese manufacturers ‘forget’ food market for Muslims

The food market for Muslims is vast, with estimated value of $580 billion worldwide, but Vietnamese enterprises still have no business strategies to conquer the market. Nguyen Phi Van, franchise advisor to the Malaysian government, met with 10 Vietnamese businesses before they attended a trade fair in Thailand in early August. The businesses included well-known […]

Bargasse based electricity a possibility

Vietnam Sugarcane and Sugar Association (VSSA) hopes to set up power plants that run on sugarcane by-products. Phạm Quốc Doanh, VSSA’s Chairman, said at the fifth annual International Sugarcane Conference that Việt Nam’s 41 sugar factories annually produced up to 4.5 million tonnes of bagasses, the fibrous remains after the juice is extracted from the […]

Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise. Moving forward with tax reforms is important for Vietnam to ensure sustainable growth and macroeconomic stability.Vietnam’s tax-to-GDP ratio has fallen over recent years, from 23.5% of GDP in 2010 to 19.1% of GDP in 2015. This is mainly because of […]

PetroVietnam to begin large-scale divestment

Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes. Accordingly, PetroVietnam is permitted to retain its entire holdings in only three subsidiaries, namely the parent company PetroVietnam, National Southern Spill Response Centre (Nasos), and PetroVietnam Manpower Training College. PetroVietnam will have to divest part […]

Convenient stores run for market share in HCM City

Businesses in HCMC have been rushing to open convenient stores, which now total 1,050 with the growth rate of 100 percent for the last three consecutive years, according to reports by the Department of Industry and Trade. After owning over 100 Co.op Food stores mainly selling food, foodstuff, fresh and processed food and other essential […]

PV Drilling to sign $6 million deal with KrisEnergy

PetroVietnam Drilling & Well Service Corporation last week signed a contract worth over US$6 million for providing jack-up rig “PV Drilling I” and drilling services to Singapore-based KrisEnergy (Gulf of Thailand) Ltd. Work is scheduled to start in October, 2017. According to the signed contract, PV Drilling I will be performed in Block G10/48 in […]