2010 is expected to bode well for Vietnam’s exports as the world economy is showing signs of recovery. However, businesses will have to face trade barriers, especially anti-dumping suits, set up by importing countries.
Member businesses of the Vietnam Association of Seafood Exporters and Producers (VASEP) will take part in the International Boston Seafood Show in the US from March 14-16.
A trade fair 2010 kicked off in the northern border province ò Lang Son on March 12 in response to the “Vietnamese use Vietnamese goods” campaign.
Vietnam will see a sharp growth rate in GDP in the 2010-2011 period, says the Economist Intelligence Unit (EIU).
Vietnam’s project to raise salmon and sturgeon in Champassak province has been successful and become the first salmon- and sturgeon-breeding model in Laos.
The tourism sector launched a promotion campaign in Hanoi on March 12, offering discounts of between 10 and 30 percent on tourist services.
The Kuwait Fund for Arab Economic Development has agreed to provide Vietnam with US$14 million in loans to carry out the Cha To – Muong Tung road construction project in Dien Bien province.
The Vietnam Association of Construction Contractors (VACC) has set a target of buttressing the operations of its members from now until 2015.
The central province of Nghe An has called for stronger investment in 22 marine and ecological tourism projects estimated at US$250 million in the next five years.
Rolls Royce plans to establish a joint venture company with a Vietnamese business to build an aircraft Maintenance, Repairs and Overhaul (MRO) factory in Vietnam.
“It’s now easy for us to buy foreign currency at banks and the price of the US dollar is now nearly the same on the free market as it is at banks,” said the director of a Hanoi-based enterprise that trades in lifts.
The number of lawsuits on anti-dumping and anti-subsidy along with other protectionist measures against Vietnamese exports will increase in the coming time.
A business cooperation contract on a gas pipeline project for Block B- O Mon was signed in Hanoi on March 11 by the PetroVietnamGas Corporation (PVGas), Chevron, MOECO (Japan) and PTTEP (Thailand).
Singapore Technologies Telemedia (ST Telemedia) bought a 10-percent stake in VNPT Global Investment Joint Stock Company (VNPT Global) on March 11.
Having considerable difficulty expanding to new export markets, many local businesses have temporarily put such efforts on hold to focus on key markets with which they have strong relationships.
ABB, a leading power and automation technology group, opened a new plant for manufacturing power products in Tien Son Industrial Zone in the northern province of Bac Ninh on March 11.
Car sales by the Vietnam Automobile Manufacturers’ Association (VAMA) members reached just 5,030 units in February, down 25 percent against the same period last year.
PM Dung has instructed provincial People’s Committees not to issue new investment licences or sign land rent contracts with foreign investors before the mission has completed its task.
Vietnam’s International Furniture and Home Accessories Fair (VIFA) 2010 opened at Sai Gon Exhibition and Fair Centre in Ho Chi Minh City on March 11.
A meeting between Vietnamese and Polish entrepreneurs was held on March 11 by the Embassy of Poland in Hanoi to promote mutual understanding and trade links between the two countries.
There is growing concern about negotiated interest rates which are being applied at a time when the maximum deposit rate stands at only 10.5 percent.
The Chairman of the Ho Chi Minh City People’s Committee, Le Hoang Quan, has asked relevant agencies to ensure a sufficient supply of goods and take other necessary measures to maintain the stability of prices after the Lunar New Year festival (Tet).
Japanese investors are interested in building and operating deep water ports in Vietnam, said Japanese Deputy Minister of Land-Infrastructure-Transport and Tourism Fujita Takehino in Hanoi on March 10.
Representatives of twenty businesses from Kansai, Japan have paid a three-day visit to Ho Chi Minh City in an effort to seek business opportunities in the country’s largest city.
ABB – the leading power and automation technology group – inaugurated a power product manufacturing plant in the northern province of Bac Ninh’s Tien Son Industrial Zone on March 11.
The government will create the best possible conditions and iron out snags in the mechanism to help businesses, especially State economic groups and corporations, operate efficiently, says Prime Minister Nguyen Tan Dung.
The Vietnam-Laos Rubber Joint Stock Company broke ground for a rubber latex processing plant in Champasak province on March 10.
Apart from efforts to encourage Vietnamese to use locally-made products, Vietnamese businesses should unite to effectively penetrate the domestic market, according to a workshop held by the VCCI on March 9.
The Trade Remedies Council (TRC) under the Vietnam Chamber of Commerce and Industry (VCCI) has joined the US law firm Squire Sanders to organize a seminar on anti-dumping and anti-subsidy legal actions against Vietnamese exports, their impacts and countermeasures.
The cheap flight airline Jetstar Pacific announced all of its global branches are applying the same promotion programme for 129 domestic and international routes starting from March 10-15.