Conference seeks ways to boost Vietnam - Barcelona business connection A trade conference connecting firms of Vietnam and Spain’s Barcelona region was held in Hanoi on November 12. The event, jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Port of Barcelona, created a chance for businesses of the two sides to meet and seek cooperation. According to the VCCI, investors from Spain have paid increasing attention to Vietnam with their strengths in renewable energy, infrastructure, tourism, high technology, construction and architecture. Vietnam is Spain’s leading trade partner among the ASEAN countries. In the past 10 years, two-way trade increased 15 percent a year, hitting over 3 billion USD in 2017. The two sides aim to lift the figure to 5 billion USD by 2020. VCCI Vice Chairman Hoang Quang Phong said the countries’ achievements over the years are remarkable but still modest. Hence, Vietnam welcomes businesses from Barcelona to explore its … [Read more...] about BUSINESS NEWS IN BRIEF 14/11
Key opinion leader pharma
BUSINESS IN BRIEF 14/9
Vietnam Electricity revises up 2017 pre-tax profit to US$350 million Electricity demand in Vietnam is forecast to continue increasing at an average rate of 9% per annum, driven by rising industrialization, urbanization and affluence, according to Fitch Ratings. Vietnam Electricity (EVN), the sole distributor of electricity in the country, posted a revised pre-tax profit of VND8.14 trillion (US$349.8 million) for 2017, VND1.5 trillion (US$64.48 million) higher than the previously announced figure and up 58% year-on-year, the power company said on its website. EVN's revenue in 2017 reached VND300 trillion (US$12.89 billion), up nearly 8% year-on-year, while the company contributed VND19.66 trillion (US$844.8 million) to the state budget, down 7.3% year-on-year, according to EVN's latest report on its business performance result in the 2015 - 2017 period. Last year, the state-run company set aside VND118.23 trillion (US$5.07 billion) for development investment, down from … [Read more...] about BUSINESS IN BRIEF 14/9
“Prime Minister trying to shake government apparatus”
VietNamNet Bridge - "Prime Minister Nguyen Xuan Phuc has quickly solved some practical problems and tried to shake the government apparatus. He started by promoting the settlement of the case related to the Xin Chao café in HCM City. That action showed the head of the Government’s attention to the fate of each individual and each small business and it is also a warning for abuse of power,” said senior economic expert Pham Chi Lan. Prime Minister Nguyen Xuan Phuc has been in office for 8 months and his actions have captured the attention of both the mainstream press and social networks. For an assessment of the PM’s acts and the challenges posed for him and his government in this term, VietNamNet talked to Ms. Pham Chi Lan, an independent economic expert and a member of the advisory group of former PM Nguyen Tan Dung. One of the first things that Prime Minister Nguyen Xuan Phuc did was have a dialogue with businesses. That action showed that he … [Read more...] about “Prime Minister trying to shake government apparatus”
BUSINESS IN BRIEF 22/9
Japanese company to develop solar electricity in Binh Phuoc Nguyen Van Loi, General Secretary of the provincial Party Committee, said the province welcomes the project and pledges to create all possible conditions for the investor to implement the project. Vietnam has enormous solar potential, especially in its central and southern parts. It has average solar irradiation of 4-5 kWh/squ.m/day, which is comparable to Thailand and the Philippines, which are more developed solar markets in the region, as well as to mature international markets like Spain and Italy. The Vietnamese Government has recognised this potential and aims to significantly increase renewable energy production including solar power. Under its newly revised Power Development Plan for until 2030, which includes ambitious development targets for renewables in general and solar energy in particular, the capacity of solar photovoltaics (PV) shall increase from around 7 megawatts (MW) now to 850MW by 2020 and 12,000 … [Read more...] about BUSINESS IN BRIEF 22/9