Lotte to develop $885mn smart city in Saigon

The Vietnam Farm and Food Expo introduces outstanding agricultural products, food, and plant varieties of different localities across the country, while the Vietnam Agritech Expo features the latest machineries, equipment and production chains serving agricultural activities. The events are considered the venue for both input and output of Vietnam’s agricultural sector. Visitors at the trade event  Opening the events, Nguyen Phuoc Hung, Vice President of the Ho Chi Minh City Business Association said that the annual exhibitions aim to promote the application of science and technology to improve productivity and quality in agricultural production, while seeking markets for Vietnamese farm produces. Hung held that this is a good chance for agricultural firms to introduce and promote their products, and form production-supply chains. Within the framework of the events, the organising board will coordinate with the Department of Agriculture and Rural Development of the Mekong Delta province of Vinh Long to hold a conference on strengthening links for selling farm produces in Vinh Long, in which Vinh Long will introduce its agricultural development potential, especially its fruits for export. Nguyen Van Liem, Vice Director of the Vinh Long Department of Agriculture and Rural Development said that he hopes through the exhibitions, the province will find out additional distribution channels for its products, thus boosting the sustainable growth of the local agricultural sector. The events will run until July 28. Source: VNA... [read more]

Delegations from the 21 APEC economies, including representatives of enterprises, organisations and institutions, shared experience and put forth numerous proposals. Most of them stressed the role of financial resources, public-private partnership and application of digital technologies in supporting business development, promoting innovation, creativity and trade in goods and services, and investing in long-term infrastructure projects in the future.  Delegates at the meeting Speaking at the APEC-Canada Growing Business Partnership Symposium (ABACx), ABAC Vietnam Chairman Hoang Van Dung emphasised the massive impacts of the Fourth Industrial Revolution, which will generate opportunities for businesses, particularly micro, small- and medium-sized enterprises (MSMEs), to engage in global trade, increase their competitiveness, innovate and access markets. The Industry 4.0 will also help them optimise comparative advantages, deal with trade barriers and produce goods at lower expenses. However, there are obstacles hampering MSMEs’ access to those chances, he noted. Therefore, ABAC calls for the building of a progressive e-commerce policy framework across the APEC region to boost businesses’ access to and application of digital technologies and help them gain comprehensive access to databases in the region and the world. Dung added ABAC also wants to set up programs on building MSMEs’ online and offline e-commerce capacity. At a roundtable discussion on expanding trans-Pacific infrastructure investment opportunities, participants said many governments are facing financial problems while the infrastructure investment demand is forecast to rise to about 5 trillion USD each year from now to 2030. The Asian…... [read more]

Addressing the event, Ambassador Ibnu Hadi said that the relations between Vietnam and Indonesia have been growing. In 2016, two-way trade reached 5.6 billion USD, he noted, added that the two sides agreed to lift up the figure to 10 billion USD in 2018.  Photo for illustration Vietnam mostly exported to Indonesia telephones, iron, steel, machineries, equipment, rice, computer, electronics and spare parts, garment, leather and footwear materials, vehicles, plastics and plastic material. The ambassador said that last year, paper was the third largest goods that Indonesia exported to Vietnam with revenue of 181 million USD, followed by animal and plant oil with 161 million USD. In order to beef up the Vietnam-Indonesia cooperation, especially when the ASEAN Community has been formed and the region has experienced many significant changes, the two sides should increase the exchange of information and investment promotion as well as the connection among businesses, thus improving the competitiveness of ASEAN enterprises, he said. Meanwhile, Pham Quoc Manh, public relations official of the Indonesian Embassy said that last year, Indonesia ranked 14th in the worth in terms of export of paper, mostly printing paper, with revenue of 3.2 billion USD. Indonesia is also the world top exporter of palm oil as the country provides 36 million tons out of total 56 million tons exported by countries around the world, or 62 percent, he added. At the event, Indonesian Embassy officials also shared information on cooperation…... [read more]

The HCMC Taxation Department has recently announced the list of 209 tax debt businesses comprising real estate companies, who are investors of apartment blocks where dwellers have long waited for ownership certificate granting. Among them, Khang Gia Investment and Development Real Estate Company has been in tax arrears of VND2.3 billion since 2016. In May 2014, Khang Gia handed over 338 apartments to customers at Khang Gia Tan Huong apartment block at 377 Tan Huong, Tan Phu district. For the last three years, dwellers have lived with incomplete exit ways, no ownership certificates and no management boards. The HCMC Department of Construction’s inspectorate in August last year inspected, penalized the company VND45 million for illegal construction and asked the company to demolish all illegal works. Specifically, the company on its own built 61 apartments in the ground floor, mezzanine and the second floor of the apartment block, where have been licensed for commerce, service, kindergarten and swimming pool. Of the illegally built apartments, two measure only 15 square meters each. Khang Gia Go Vap apartment block in Go Vap has neither management board nor ownership certificates for 600 commercial apartments there. The investor has built gym and yoga rooms in the area meant for a park and been strongly opposed by dwellers. Therefore, it has dismantled these works, leaving a sleazy site. Through disputes and complains, the HCMC Department of Construction said that investors of 20 apartment blocks have slowly done procedures to get ownership certificates for apartment buyers. Many…... [read more]

The HCMC Taxation Department has recently announced the list of 209 tax debt businesses comprising real estate companies, who are investors of apartment blocks where dwellers have long waited for ownership certificate granting. Among them, Khang Gia Investment and Development Real Estate Company has been in tax arrears of VND2.3 billion since 2016. In May 2014, Khang Gia handed over 338 apartments to customers at Khang Gia Tan Huong apartment block at 377 Tan Huong, Tan Phu district. For the last three years, dwellers have lived with incomplete exit ways, no ownership certificates and no management boards. The HCMC Department of Construction’s inspectorate in August last year inspected, penalized the company VND45 million for illegal construction and asked the company to demolish all illegal works. Specifically, the company on its own built 61 apartments in the ground floor, mezzanine and the second floor of the apartment block, where have been licensed for commerce, service, kindergarten and swimming pool. Of the illegally built apartments, two measure only 15 square meters each. Khang Gia Go Vap apartment block in Go Vap has neither management board nor ownership certificates for 600 commercial apartments there. The investor has built gym and yoga rooms in the area meant for a park and been strongly opposed by dwellers. Therefore, it has dismantled these works, leaving a sleazy site. Through disputes and complains, the HCMC Department of Construction said that investors of 20 apartment blocks have slowly done procedures to get ownership certificates for apartment buyers. Many…... [read more]

Visitors at the 2016 Zhejiang export fair held in Ha Noi. — Photo hanoimoi.com The 2017 Zhejiang export fair will be held in Ha Noi from August 3 to 5, showcasing the best products from the Chinese province. The fifth Zhejiang export fair, organised at the Ha Noi International Exhibition Centre on Tran Hung Dao Street, will feature 150 booths of nearly 100 well-known businesses, Trinh Xuan Tuan, deputy general director of event organiser Viet Nam National Trade Fair & Advertising Company (Vinexad), said during a meeting held on Tuesday. Products on display will include machinery, electronic equipment, construction material and interior decoration furniture, as well as textiles and garment material and consumer products. With the slogan "Zhejiang products – spreading globally," the Zhejiang export fair has been held in many countries, such as Japan, Dubai, Czech Republic, Iran and Malaysia. Viet Nam is a gateway for Zhejiang’s import and export transactions and investment in Southeast Asia in particular and Asia in general. The fair will also be an opportunity for businesses to seek partnerships and serve as a bridge to further promote economic and trade relations between Zhejiang Province and Viet Nam. Zhejiang is a coastal province located in southeast China with ideal natural conditions. It has posted rapid economic growth in recent years and boasts economic relations with over 230 countries and territories around the world. Trade turnover of Zhejiang and Viet Nam reached US$6.7 billion, an increase of…... [read more]

Despite numerous ups and downs of the economy, and despite drastic changes to the socio-economic landscape in HCMC, there is a special market that has maintained its special traits for decades.  Soai Kinh Lam in the city’s District 5 is known far and wide for its long-established role as a crucial distribution hub of fabrics, not only for the city but the entire southern region.  And it is also recommended as a venue for tourists who want to take sightseeing tours to gain an insight into the bustling business in the city in general and the Cholon area in particular. In HCMC, there are markets specializing in a particular type of commodities. For example, Kim Bien Market is widely famous for providing various kinds of chemicals for use in various fields, especially in garment and food, or Dai Quang Minh Market as home to hundreds of vivid handmade products, Soai Kinh Lam market captivates first-time comers by the colorful and diverse kinds of fabric materials.  Soai Kinh Lam fabric market, also known as Dong Khanh Department Store in HCMC’s District 5, is nestled at the end of the busy Tran Hung Dao Street in District 5 in Cholon area where many Vietnamese of Chinese descent reside.  The market is regarded as one of the oldest wholesale texitle market in the city, with nearly 500 stores selling various kinds of fabric materials with amazing colors and designs.  The fabric items there are imported from many different countries such as India, South…... [read more]

NDO – The fifth Vietnam Farm and Food Expo 2017 and Agritech Vietnam 2017 opened in Ho Chi Minh City on July 26, offering an opportunity for agricultural firms to introduce and promote their products and form production-supply chains. The events are considered as a venue for both the input and output of Vietnam’s agricultural sector, featuring almost 200 booths of 120 domestic and foreign enterprises. The Vietnam Farm and Food Expo introduces outstanding agricultural products, food and plant varieties from different localities throughout the country, while the Vietnam Agritech Expo features the latest machinery, equipment and production chains serving agricultural activities. Addressing the events, Nguyen Phuoc Hung, Vice President of the Ho Chi Minh City Business Association said that the annual exhibitions aim to promote the application of science and technology in order to improve productivity and quality in agricultural production, while seeking markets for Vietnamese farm produce. As part of the events, the organising board will coordinate with the Department of Agriculture and Rural Development, of the Mekong Delta province of Vinh Long, to hold a conference on strengthening the links for selling farm produces in Vinh Long, in which Vinh Long will introduce its agricultural development potential, especially its fruit exports. According to Vice Director of the Vinh Long Department of Agriculture and Rural Development Nguyen Van Liem, through the exhibitions the province will discover additional distribution channels for its products, thus boosting the sustainable growth of the local agricultural sector. The events will run until July…... [read more]

NDO/VNA – Participants in the third meeting of the APEC Business Advisory Council (ABAC III) took part in various roundtable discussions and symposiums, on July 25, the event’s second working day, focusing on finance and business development in the era of innovation and digitalisation. Delegations from the 21 APEC economies, including representatives of enterprises, organisations and institutions, shared their experience and put forth numerous proposals. Many of them stressed the role of financial resources, public-private partnerships and the application of digital technologies in supporting business development, promoting innovation, creativity and trade in goods and services, and investing in long-term infrastructure projects in the future. Speaking at the APEC-Canada Growing Business Partnership Symposium (ABACx), ABAC Vietnam Chairman Hoang Van Dung emphasised the massive impact of the Fourth Industrial Revolution, which will generate opportunities for businesses, particularly micro, small- and medium-sized enterprises (MSMEs), to engage in global trade, increase their competitiveness, innovate and access markets. The Industry 4.0 will also help them optimise their comparative advantages, deal with trade barriers and produce goods at a lower expense. However, there are obstacles hampering MSMEs’ access to those chances, he noted. Therefore, ABAC calls for the construction of a progressive e-commerce policy framework across the APEC region to boost businesses’ access to and application of digital technologies and help them gain comprehensive access to databases in the region and the world. Dung added that ABAC also wants to set up programmes on building MSMEs’ online and offline e-commerce capacity. At a roundtable discussion on…... [read more]

NDO/VNA – The Indonesian Embassy in Vietnam held a seminar in Hanoi, on July 26, with the aim of linking the two countries’ businesses in the trade of palm oil and paper. Addressing the event, Ambassador Ibnu Hadi said that the relations between Vietnam and Indonesia have been steadily growing. In 2016, two-way trade reached US$5.6 billion and the two sides agreed to increase the figure to US$10 billion in 2018. Vietnam’s main exports to Indonesia include telephones, iron, steel, machinery, equipment, rice, computers, electronics and spare parts, garments, leather and footwear materials, vehicles, plastics and plastic material. The ambassador said that last year, paper was the third largest good that Indonesia exported to Vietnam, with a revenue of US$181 million, followed by animal and plant oil with US$161 million. In order to beef up the Vietnam-Indonesia cooperation, especially as the ASEAN Community has been formed and the region has experienced many significant changes, the two sides should increase the exchange of information and investment promotion, as well as the connecting businesses, thus improving the competitiveness of ASEAN enterprises, he said. Meanwhile, Pham Quoc Manh, public relations official of the Indonesian Embassy said that, last year Indonesia ranked 14th in the worth in terms of paper exports, mostly printing paper, with a revenue of US$3.2 billion. Indonesia is also the world top exporter of palm oil as the country provides 36 million tonnes out of total 56 million tonnes exported by countries around the world, or 62 %, he added. …... [read more]




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