The first half of 2017 has passed, and while no investor has announced plans to buyout a domestic cement company, signs of an impending takeover have not decreased. RELATED CONTENTS: SCG gunning for increased market share after takeover TH Group cement co-operation with Japanese partner Cement export tax burdens domestic firms PM asks Thailand’s SCG group to expand investment in Vietnam Cement sector attracting foreign investment Recently, M&A development in the construction materials sector has been one-sided as foreign companies take over domestic counterparts. In March 2017, SCG Cement and Building … [Read more...]

NDO – Vietnamese exporters should focus on updating technologies and building strong brands for their products, while regularly reviewing and updating import policies of partners to export their goods to the European market, experts have suggested. Economic experts gathered at a commercial policy forum relating to regulations on food quality and safety held in Can Tho on Thursday by Department of Trade Promotion under the Ministry of Industry and Trade in cooperation with the Can Tho Trade Promotion Centre. Claudio Dordi, technical chief advisor of the European Trade Policy and Investment Support Project (EU-MUTRAP), said that most Vietnamese goods exported to the EU market have not been identified as the majority of enterprises are unaware of the importance of branding. In addition, they have not been equipped with sufficient information nor have they complied with export standards, leading to a high volume of returned goods. Another reason comes from the fact that … [Read more...]

NDO/VNA – Low-cost carrier Jetstar Pacific said on July 20 that it officially sold air tickets for the new international air route between central Quang Binh province and Chiang Mai of Thailand. With the move, Jetstar becomes the first airline of Vietnam to launch a route connecting Vietnam’s famous tourism destination to Thailand’s northern economic and tourism centre. According to the carrier, the route is part of a tourism promotion cooperation programme between Jetstar and Quang Binh province to stimulate tourism growth in Vietnam and Thailand and their economic links. The first flight on the route is scheduled to take off on August 11. With two flights per week on Mondays and Fridays, Jetstar will use its 180-seat Airbus A320 for the service. On the occasion, the airline offers promotional air fares at only VND390,000 per leg, along with other promotions. With a complex of over 300 caves and a 116km-long white sand coastline, the central … [Read more...]

NDO – Deputy Prime Minister Trinh Dinh Dung has asked the forestry sector to make efforts to ensure three major goals for sustainable forestry development in the coming time. The Deputy PM made the statement at a conference held in Hanoi on July 20 to implement the sustainable forestry development target programme for 2016-2020 and review the four-year implementation of the National Forest Inventory and Protection Project in the 2013-2016 period. The three goals include forest protection and natural preservation; forestry development to increase forest coverage and improve productivity and quality of forests; and raising the productivity, quality and efficiency of forestry products to improve the people’s lives, protect the environment and ensure security and defence. In order to fulfil the goals, Deputy PM Dung urged the forestry sector to urgently complete institutions, policies and laws, creating a favourable legal environment for forest conservation and … [Read more...]

NDO/VNA – Authorities of Ho Chi Minh City will closely coordinate with the Republic of Korea to prepare for the Ho Chi Minh City – Gyeongju World Culture Expo 2017, said Permanent Vice Chairman of the municipal People’s Committee Le Thanh Liem on July 20. He made the statement during a reception for Secretary General of the event’s Organising Committee Lee Dong Woo in the city. Speaking highly of the significance of the festival, Liem noted that the event, which is featuring an array of cultural exchange activities, will help deepen mutual understanding and solidarity between people of the two nations and enhance their bilateral strategic partnership. The two sides’ competent authorities are actively cooperating with each other for the hosting of the expo, which demonstrates the interest and goodwill of the two local governments, the official said. He commended the Organising Committee for drawing up a detailed master plan for the … [Read more...]

NDO/VNA – Authorities of Ho Chi Minh City will closely coordinate with the Republic of Korea to prepare for the Ho Chi Minh City – Gyeongju World Culture Expo 2017, said Permanent Vice Chairman of the municipal People’s Committee Le Thanh Liem on July 20. He made the statement during a reception for Secretary General of the event’s Organising Committee Lee Dong Woo in the city. Speaking highly of the significance of the festival, Liem noted that the event, which is featuring an array of cultural exchange activities, will help deepen mutual understanding and solidarity between people of the two nations and enhance their bilateral strategic partnership. The two sides’ competent authorities are actively cooperating with each other for the hosting of the expo, which demonstrates the interest and goodwill of the two local governments, the official said. He commended the Organising Committee for drawing up a detailed master plan for the … [Read more...]

NDO/VNA – A consultation workshop took place in Hanoi on July 20, focusing on a draft action plan for rural-urban development aiming to strengthen food security and quality growth in APEC economies. The event was held by the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the International Cooperation Department under the Ministry of Agriculture and Rural Development. It was the fourth activity within the framework of the APEC Policy Partnership on Food Security (PPFS) in 2017. Director of the International Cooperation Department Tran Kim Long said as the host of APEC activities and the PPFS in 2017, Vietnam has built a draft action plan for the APEC Strategic Framework on Rural-Urban Development to Strengthen Food Security and Quality Growth, approved at APEC Peru 2016. Growth quality in rural areas amid urbanisation and globalisation needs to be associated with income raising opportunities, ensuring employment, forming local and … [Read more...]

NDO/VNA – A consultation workshop took place in Hanoi on July 20, focusing on a draft action plan for rural-urban development aiming to strengthen food security and quality growth in APEC economies. The event was held by the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the International Cooperation Department under the Ministry of Agriculture and Rural Development. It was the fourth activity within the framework of the APEC Policy Partnership on Food Security (PPFS) in 2017. Director of the International Cooperation Department Tran Kim Long said as the host of APEC activities and the PPFS in 2017, Vietnam has built a draft action plan for the APEC Strategic Framework on Rural-Urban Development to Strengthen Food Security and Quality Growth, approved at APEC Peru 2016. Growth quality in rural areas amid urbanisation and globalisation needs to be associated with income raising opportunities, ensuring employment, forming local and … [Read more...]

NDO/VNA – A consultation workshop took place in Hanoi on July 20, focusing on a draft action plan for rural-urban development aiming to strengthen food security and quality growth in APEC economies. The event was held by the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the International Cooperation Department under the Ministry of Agriculture and Rural Development. It was the fourth activity within the framework of the APEC Policy Partnership on Food Security (PPFS) in 2017. Director of the International Cooperation Department Tran Kim Long said as the host of APEC activities and the PPFS in 2017, Vietnam has built a draft action plan for the APEC Strategic Framework on Rural-Urban Development to Strengthen Food Security and Quality Growth, approved at APEC Peru 2016. Growth quality in rural areas amid urbanisation and globalisation needs to be associated with income raising opportunities, ensuring employment, forming local and … [Read more...]

NDO/VNA – A consultation workshop took place in Hanoi on July 20, focusing on a draft action plan for rural-urban development aiming to strengthen food security and quality growth in APEC economies. The event was held by the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the International Cooperation Department under the Ministry of Agriculture and Rural Development. It was the fourth activity within the framework of the APEC Policy Partnership on Food Security (PPFS) in 2017. Director of the International Cooperation Department Tran Kim Long said as the host of APEC activities and the PPFS in 2017, Vietnam has built a draft action plan for the APEC Strategic Framework on Rural-Urban Development to Strengthen Food Security and Quality Growth, approved at APEC Peru 2016. Growth quality in rural areas amid urbanisation and globalisation needs to be associated with income raising opportunities, ensuring employment, forming local and … [Read more...]

NDO – Prime Minister Nguyen Xuan Phuc has urged Ben Tre to prioritise land funds for investors in the fields of aquaculture, hi-tech agriculture and the manufacturing industry while addressing an investment promotion conference held in the Mekong Delta province on July 20. The PM highlighted Ben Tre’s advantages in terms of natural conditions as well as its geographical position near the country’s largest economic centre, Ho Chi Minh City, noting that the province’s leading strategic goal is to attract large investors that have strengths in advanced-technology, financial capital and management skills, and foresee their opportunities closely associated with Ben Tre’s unique conditions. From that point of view, he recommended four elements that should be facilitated by Ben Tre in order to draw investors to the province, including the land fund for investors, infrastructure, a facilitative government and skilled human resources. In addition to … [Read more...]

NDO/VNA – The Lao Defence Ministry organised a grand meeting on July 20 to mark the 55th anniversary of Vietnam-Laos diplomatic ties and 40 years of the Vietnam-Laos Treaty of Amity and Cooperation. In his remark at the event in Vientiane, Lao Defence Minister Chansamone Chanyalath highlighted the delight of the Lao people in celebrating the diplomatic ties and the signing of the amity treaty with Vietnam. The two peoples have maintained close bonds in their struggles for national liberation and construction, he said, adding that the fruitful relations were built based on good neighbourliness and demonstrated in the fight against common enemies. Realising the significance of Vietnam-Laos special relations, the two sides inked the Treaty of Amity and Cooperation on July 18, 1977, affirming the consistent solidarity, cooperation and support for each other in national construction and defence in either country. This is a crucial historic milestone in the relations … [Read more...]

NDO/VNA – The Lao Defence Ministry organised a grand meeting on July 20 to mark the 55th anniversary of Vietnam-Laos diplomatic ties and 40 years of the Vietnam-Laos Treaty of Amity and Cooperation. In his remark at the event in Vientiane, Lao Defence Minister Chansamone Chanyalath highlighted the delight of the Lao people in celebrating the diplomatic ties and the signing of the amity treaty with Vietnam. The two peoples have maintained close bonds in their struggles for national liberation and construction, he said, adding that the fruitful relations were built based on good neighbourliness and demonstrated in the fight against common enemies. Realising the significance of Vietnam-Laos special relations, the two sides inked the Treaty of Amity and Cooperation on July 18, 1977, affirming the consistent solidarity, cooperation and support for each other in national construction and defence in either country. This is a crucial historic milestone in the relations … [Read more...]

NDO/VNA – The Lao Defence Ministry organised a grand meeting on July 20 to mark the 55th anniversary of Vietnam-Laos diplomatic ties and 40 years of the Vietnam-Laos Treaty of Amity and Cooperation. In his remark at the event in Vientiane, Lao Defence Minister Chansamone Chanyalath highlighted the delight of the Lao people in celebrating the diplomatic ties and the signing of the amity treaty with Vietnam. The two peoples have maintained close bonds in their struggles for national liberation and construction, he said, adding that the fruitful relations were built based on good neighbourliness and demonstrated in the fight against common enemies. Realising the significance of Vietnam-Laos special relations, the two sides inked the Treaty of Amity and Cooperation on July 18, 1977, affirming the consistent solidarity, cooperation and support for each other in national construction and defence in either country. This is a crucial historic milestone in the relations … [Read more...]

NDO/VNA – The Lao Defence Ministry organised a grand meeting on July 20 to mark the 55th anniversary of Vietnam-Laos diplomatic ties and 40 years of the Vietnam-Laos Treaty of Amity and Cooperation. In his remark at the event in Vientiane, Lao Defence Minister Chansamone Chanyalath highlighted the delight of the Lao people in celebrating the diplomatic ties and the signing of the amity treaty with Vietnam. The two peoples have maintained close bonds in their struggles for national liberation and construction, he said, adding that the fruitful relations were built based on good neighbourliness and demonstrated in the fight against common enemies. Realising the significance of Vietnam-Laos special relations, the two sides inked the Treaty of Amity and Cooperation on July 18, 1977, affirming the consistent solidarity, cooperation and support for each other in national construction and defence in either country. This is a crucial historic milestone in the relations … [Read more...]

Speaking at the ceremony, Deputy Foreign Minister Le Hoai Trung said China has been Vietnam’s largest trade partner over the past 13 consecutive years. Two-way trade hit USD 72 billion last year, or one fifth of Vietnam’s total exports. Last year, China was among top 10 foreign investors in Vietnam, ranking eighth with a total registered capital of USD 10.5 billion.  Deputy Foreign Minister Le Hoai Trung addressing the event  Two-way trade between Vietnam and Guangdong and Hong Kong reached USD 17 billion and USD 6.09 billion, respectively. As of March 2017, Hong Kong was the sixth foreign investor in Vietnam with a total registered capital of USD 17 billion. Trung said with optimism that bilateral ties will keep thriving, given that the Vietnamese economy has maintained a growth of over 6 percent despite the global economic and financial crisis. According to the Deputy FM, … [Read more...]

Speaking at the ceremony, Deputy Foreign Minister Le Hoai Trung said China has been Vietnam’s largest trade partner over the past 13 consecutive years. Two-way trade hit USD 72 billion last year, or one fifth of Vietnam’s total exports. Last year, China was among top 10 foreign investors in Vietnam, ranking eighth with a total registered capital of USD 10.5 billion.  Deputy Foreign Minister Le Hoai Trung addressing the event  Two-way trade between Vietnam and Guangdong and Hong Kong reached USD 17 billion and USD 6.09 billion, respectively. As of March 2017, Hong Kong was the sixth foreign investor in Vietnam with a total registered capital of USD 17 billion. Trung said with optimism that bilateral ties will keep thriving, given that the Vietnamese economy has maintained a growth of over 6 percent despite the global economic and financial crisis. According to the Deputy FM, … [Read more...]

Speaking at the opening night of the Ben Tre Dong Khoi Start-up Festival in the Mekong Delta province, the PM hailed its efforts and achievements in promoting start-ups. Ben Tre was a leader in implementing the Government’s guidance and plans for start-ups, he said. PM Nguyen Xuan Phuc visiting a booth at the Ben Tre Dong Khoi Startup Festival “There are many young people here who have started doing business and succeeded at a very early age. I am very touched to see that many young men and women have come up with new products welcomed by the society within a year of starting the “Dong Khoi Start-ups and Develop Enterprises” program,” he said. Phuc said Ben Tre has experienced many socio-economic changes over the past 10 years, creating a better improvement for people to start new businesses. However, the province still lags behind other localities, facing several development challenges, he … [Read more...]

Speaking at the opening night of the Ben Tre Dong Khoi Start-up Festival in the Mekong Delta province, the PM hailed its efforts and achievements in promoting start-ups. Ben Tre was a leader in implementing the Government’s guidance and plans for start-ups, he said. PM Nguyen Xuan Phuc visiting a booth at the Ben Tre Dong Khoi Startup Festival “There are many young people here who have started doing business and succeeded at a very early age. I am very touched to see that many young men and women have come up with new products welcomed by the society within a year of starting the “Dong Khoi Start-ups and Develop Enterprises” program,” he said. Phuc said Ben Tre has experienced many socio-economic changes over the past 10 years, creating a better improvement for people to start new businesses. However, the province still lags behind other localities, facing several development challenges, he … [Read more...]

The State visit to Cambodia of the Vietnamese Party General Secretary is viewed as a reaffirmation of Vietnam’s consistent policy of attaching importance and giving high priority to consolidating and strengthening relations with Cambodia and the Cambodian People’s Party (CPP) in a stable and sustainable manner. The visit also aims to boost mutual understanding and trust between the Communist Party of Vietnam (CPV) and the Cambodian People’s Party, as well as bolster traditional friendship of the two countries’ leadership and the two peoples and defeat hostile forces’ plots to undermine the traditional good relationship between Vietnam and Cambodia. Vietnamese Party General Secretary Nguyen Phu Trong welcomed at Pochentong International Airport. Photo: VNA What is more, the visit is expected to speed up the implementation of agreements and deals signed by leaders of the two countries, and … [Read more...]