Thai group wants to invest more in Dong Nai province

Participants cut the inauguration band at the opening ceremony of 2017 Zhejiang export fair held in Ha Noi on August 3. — Photo baocongthuong.com.vn The sixth Zhejiang export fair, one of the most prosperous provinces in China, kicked off in Ha Noi on August 3. Nearly 100 businesses from the Chinese province, which represent the “Zhejiang Made” symbol, are displaying products popular in Southeast Asia, including Viet Nam, such as machinery, electronic equipment, construction material and furniture, as well as textiles and garment material and consumer products. At the opening ceremony, To Ngoc Son, deputy director of the Asia-Pacific Market Department under the Ministry of Industry and Trade (MoIT), said the fair would provide cooperation opportunities for Vietnamese and Zhejiang enterprises, helping them fully exploit available advantages, exchange experiences and promote import-export activities between Viet Nam and China in general and between provinces and cities of Viet Nam and Zhejiang Province in particular. In the future, MoIT and the Ministry of Commerce of China will co-ordinate with Zhejiang Province’s authorities to expeditiously complete final procedures to put into operation the Viet Nam Trade Promotion Agency in the province’s Hangzhou City, thereby establishing a more effective periodic information provision and exchange mechanism between the MOIT’s Asia-Pacific Market Department and the Chinese province. Taofei, head of the 2017 Zhejiang Export Fair delegation, said Zhejiang is a coastal province located in southeast China with ideal natural conditions. It has posted rapid economic growth in recent years…... [read more]

Taofei, head of the Zhejiang business delegation, said the participating companies represent the “Zhejiang Made, All Need” symbol. They are prestigious firms and have generated considerable economic benefits for the province. The 150 booths at the event showcase machinery, electrical and electronic equipment, construction materials, interior decoration, metals, textile-garment and materials, and consumer goods. To Ngoc Son, deputy head of the Asia-Pacific department under the Ministry of Industry and Trade, said the sixth Zhejiang Export Fair in Vietnam is one of the biggest of its kind in Southeast Asia. It continues to be an opportunity for Vietnamese and Zhejiang firms to optimise their advantages, increase experience sharing, and foster export-import activities, helping to fuel Vietnam-China trade, he noted. He added his ministry will coordinate with relevant agencies of China to take various measures to promote bilateral trade.  The Vietnamese and Chinese trade ministries are also working with the Zhejiang administration to finish procedures for the opening of a trade promotion office of Vietnam in Hangzhou city this year. Taofei said Zhejiang boasts the most favourable natural conditions and the fastest economic growth rate in China. It has set up direct economic relations with more than 230 countries and territories around the world.  The province’s total trade revenue reached US$33.64 billion in 2016, including US$26.78 billion of exports. Trade turnover between Vietnamese localities and Zhejiang hit US$6.7 billion in 2016, up 12% year on year. While 186 Zhejiang businesses have…... [read more]

A booth at the sixth Zhejiang Export Fair in Hanoi (Photo: VNA) Hanoi (VNA) – The sixth Zhejiang Export Fair in Vietnam kicked off at the International Centre for Exhibition in Hanoi on August 3 with the participation of over 100 businesses from the Chinese province. Taofei, head of the Zhejiang business delegation, said the participating companies represent the “Zhejiang Made, All Need” symbol. They are prestigious firms and have generated considerable economic benefits for the province. The 150 booths at the event showcase machinery, electrical and electronic equipment, construction materials, interior decoration, metals, textile-garment and materials, and consumer goods. To Ngoc Son, deputy head of the Asia-Pacific department under the Ministry of Industry and Trade, said the sixth Zhejiang Export Fair in Vietnam is one of the biggest of its kind in Southeast Asia. It continues to be an opportunity for Vietnamese and Zhejiang firms to optimise their advantages, increase experience sharing, and foster export-import activities, helping to fuel Vietnam-China trade, he noted. He added his ministry will coordinate with relevant agencies of China to take various measures to promote bilateral trade. The Vietnamese and Chinese trade ministries are also working with the Zhejiang administration to finish procedures for the opening of a trade promotion office of Vietnam in Hangzhou city this year. Taofei said Zhejiang boasts the most favourable natural conditions and the fastest economic growth rate in China. It has set up direct economic relations with more than 230 countries…... [read more]

SCG reports the operating results for the first half of the year, showing similar profit year-on-year due to good performance from the first quarter. RELATED CONTENTS: SCG gunning for increased market share after takeover PM asks Thailand’s SCG group to expand investment in Vietnam Long Son petrochemical complex settles last issues before implementation Siam Cement Group acquires construction material company in central Vietnam SCG now sole foreign investor in Long Son refinery Vina Kraft Paper fires up second production line in Vietnam SCG inspires kids to become “little green citizens” SCG not giving up Vietnam cement plan despite oversupply SCG reveals that investment strategies for a sustainable ASEAN are going according to plan, with approval for the first petrochemical complex in Vietnam with world-class technology. Moreover, the company made significant headway with innovation with the recent success in connecting collaborations from research institutions, science and technology entrepreneurs, and startups worldwide. This emphasises SCG’s dedication to innovative products and services and faster achieving market and consumer needs. Roongrote Rangsiyopash, president and CEO of SCG, disclosed the company’s unreviewed operating results for the second quarter, with registered revenue from sales of VND72.55 trillion ($3.173 billion), remaining flat year-on-year. In consequence, profit for the period reached VND8.835 trillion ($386 million), a decrease of 17…... [read more]

With its positive macroeconomic development and political stability, Vietnam is becoming an attractive destination for foreign investors. And, M&As are given priority because this is the quickest method for foreign investors to enter the Vietnamese market. Improving the environment for better competition According to a research by Jones Lang LaSalle Group (LJJ), macroeconomic indicators, curbed inflation and impressive GDP growth are important factors for investors to consider entering the Vietnamese market. These have helped Vietnam draw a significant value of foreign direct investment (FDI). The JLL research showed that FDI flows were on the upward trend in the first half of 2017. Vietnam attracted about US$19.2 billion of FDI in the six months, up 54.8 per cent year on year. As such, the country remained one of potential investment destinations in Southeast Asia. JLL anticipated that the property market will continue to be active and attract foreign investors in 2017, driven by a host of mergers and acquisitions (M&As). In particular, the hotel segment is drawing the greatest interest of foreign investors. This is completely understandable as the tourism industry is thriving on loosened regulations on visa stay and good tourism infrastructure investment. “We expect this trend will continue in the coming time. Besides, other markets such as industrial zones and education are constantly growing. The affordable housing market is seen as a source of investment capital, largely due to the rise of the middle class,” JJL said. JJL visited that hundreds of millions of…... [read more]

Online transport services that connect inter-provincial transport companies have reduced costs and helped reduce pollution by having fewer trucks on the road. Rows of shipping truchs from the Saigon New Port Corp in HCM City to nearby provinces.  A transport company in HCM City, for example, said its trucks carrying construction materials to Binh Phuoc Province had cut the price from VNĐ5 million (US$222) to VNĐ3.2 million after negotiating with customers on the website www.vinatrucking.com. “Our website aims to create a place where truck owners and customers who have demand to transport their goods can meet. The two sides can negotiate directly through our website,” Ta Cong Thuan, director of online transport service Vinatrucking, was quoted as saying in Tuoi Tre (Youth) newspaper. “Through our website, many customers have saved a lot on transport expenditures while truck owners can increase their efficiency by loading goods in both directions,” Thuan added. Thuan expected that the number of successful transactions would increase, reducing the number of trucks on the road. “Once the transaction has been planned, it can be applied to both goods and passenger transport,” Le Minh Tu, CEO of Aleka, another online transport service, said. Tu plans to offer online services for customers who want to rent a bus. The website will have information about expenditures and the proper bus. Despite the potential, the services have had a hard time attracting customers. “I joined vinatrucking.com for a short time but there were not any successful trips for us because customers…... [read more]

Rows of shipping truchs from the Saigon New Port Corp in HCM City to nearby provinces. — VNA/VNS Photo The Anh Online transport services that connect inter-provincial transport companies have reduced costs and helped reduce pollution by having fewer trucks on the road. A transport company in HCM City, for example, said its trucks carrying construction materials to Binh Phuoc Province had cut the price from VNĐ5 million (US$222) to VNĐ3.2 million after negotiating with customers on the website www.vinatrucking.com. “Our website aims to create a place where truck owners and customers who have demand to transport their goods can meet. The two sides can negotiate directly through our website,” Ta Cong Thuan, director of online transport service Vinatrucking, was quoted as saying in Tuoi Tre (Youth) newspaper. “Through our website, many customers have saved a lot on transport expenditures while truck owners can increase their efficiency by loading goods in both directions,” Thuan added. Thuan expected that the number of successful transactions would increase, reducing the number of trucks on the road. “Once the transaction has been planned, it can be applied to both goods and passenger transport,” Le Minh Tu, CEO of Aleka, another online transport service, said. Tu plans to offer online services for customers who want to rent a bus. The website will have information about expenditures and the proper bus. Despite the potential, the services have had a hard time attracting customers. “I joined…... [read more]

A transport company in HCM City, for example, said its trucks carrying construction materials to Binh Phuoc Province had cut the price from VND5 million (US$222) to VND3.2 million (US$142) after negotiating with customers on the website www.vinatrucking.com. “Our website aims to create a place where truck owners and customers who have demand to transport their goods can meet. The two sides can negotiate directly through our website,” Ta Cong Thuan, director of online transport service Vinatrucking, was quoted as saying in Tuổi Trẻ (Youth) newspaper. “Through our website, many customers have saved a lot on transport expenditures while truck owners can increase their efficiency by loading goods in both directions,” Thuan added. Thuận expected that the number of successful transactions would increase, reducing the number of trucks on the road. “Once the transaction has been planned, it can be applied to both goods and passenger transport,” Le Minh Tu, CEO of Aleka, another online transport service, said. Tu plans to offer online services for customers who want to rent a bus. The website will have information about expenditures and the proper bus. Despite the potential, the services have had a hard time attracting customers. “I joined vinatrucking.com for a short time but there were not any successful trips for us because customers paid attention only to long trips, like from the north to the south. For other short-distance trips, like HCM City to Binh Duong Province, customers didn’t care,” Lam Dai Vinh, director of Lam…... [read more]

Rows of shipping trucks from the Saigon New Port Corp in HCM City to nearby provinces. — VNA/VNS Photo The Anh Online transport services that connect inter-provincial transport companies have reduced costs and helped reduce pollution by having fewer trucks on the road. A transport company in HCM City, for example, said its trucks carrying construction materials to Binh Phuoc Province had cut the price from VNĐ5 million (US$222) to VNĐ3.2 million after negotiating with customers on the website www.vinatrucking.com. “Our website aims to create a place where truck owners and customers who have demand to transport their goods can meet. The two sides can negotiate directly through our website,” Ta Cong Thuan, director of online transport service Vinatrucking, was quoted as saying in Tuoi Tre (Youth) newspaper. “Through our website, many customers have saved a lot on transport expenditures while truck owners can increase their efficiency by loading goods in both directions,” Thuan added. Thuan expected that the number of successful transactions would increase, reducing the number of trucks on the road. “Once the transaction has been planned, it can be applied to both goods and passenger transport,” Le Minh Tu, CEO of Aleka, another online transport service, said. Tu plans to offer online services for customers who want to rent a bus. The website will have information about expenditures and the proper bus. Despite the potential, the services have had a hard time attracting customers. “I joined…... [read more]

Online transport services that connect inter-provincial transport companies have reduced costs and helped reduce pollution by having fewer trucks on the road. Rows of shipping trucks from the Saigon New Port Corp in HCM City to nearby provinces. - VNA/VNS Photo The Anh A transport company in HCM City, for example, said its trucks carrying construction materials to Binh Phuoc Province had cut the price from VNĐ5 million (US$222) to VNĐ3.2 million after negotiating with customers on the website www.vinatrucking.com. “Our website aims to create a place where truck owners and customers who have demand to transport their goods can meet. The two sides can negotiate directly through our website,” Ta Cong Thuan, director of online transport service Vinatrucking, was quoted as saying in Tuoi Tre (Youth) newspaper. “Through our website, many customers have saved a lot on transport expenditures while truck owners can increase their efficiency by loading goods in both directions,” Thuan added. Thuan expected that the number of successful transactions would increase, reducing the number of trucks on the road. “Once the transaction has been planned, it can be applied to both goods and passenger transport,” Le Minh Tu, CEO of Aleka, another online transport service, said. Tu plans to offer online services for customers who want to rent a bus. The website will have information about expenditures and the proper bus. Despite the potential, the services have…... [read more]




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