Vietnam spotlighted at Havana international fair

‘Vietnamese Day’ was held in the Cuban capital on Nov. 4 within the framework of the Havana International Fair 2009, drawing the participation of a large number of companies from Vietnam, Cuba and South American nations.

Market recovery lifts investment funds

Fund management companies are being lifted to a successful year by the recovery of the economy and the stock market, according to a three-day investors conference organised by French firm Jaccar.

Businesses foremost in fostering an export revival

Vietnam’s exports are on track to bounce back, not just only because of the government’s management policy, but also due to the efforts of various state run enterprises, said an official from the European Chamber of Commerce (EuroCham).

The Director of EuroCham’s Hanoi Office, Matthias Duehn, said at a seminar to promote exports in Hanoi on Oct. 12, that despite having faced many difficulties resulting from the global economic crisis, particularly in exports, Vietnam is likely to post a GDP growth rate of 5 percent this year.

Vietnam, Germany ready for new stage of cooperation

Vietnam and Germany are ready for a new stage of dynamic and more effective cooperation, Conrad Cappell, German Consul General in Ho Chi Minh City , said on Oct. 1. Cappell made the remarks while attending a celebration of his country’s 19th unification day, and took the opportunity to also extend condolences from the German government and people on the heavy loss of life and property in Vietnam ’s central provinces due to the recent tropical storm Ketsana.

Tax cut on Vietnamese garments exports to Japan

Vietnam ’s garments and textiles exports to Japan will be subject to zero percent import duties from October 1, which has raised estimates of the years earnings to 1 billion USD, up 20 percent from last year.

EC decision to affect Vietnam’s seafood exports

Vietnam ’s seafood exports will certainly be influenced by the strict requirements stated in the European Commission (EC)’s Regulation 1005, to take effect in January 2010, said a Vietnamese official.

Domestic garment sales soar

Several HCM City garment companies have reported healthy results by accessing domestic markets, in response to dropping export revenues, according experts.

Despite adverse impacts from the global economic downturn, total sales of garment products in the domestic market in the first eight months of the year increased by 25 percent compared to the same period last year, according to a report in Sai Gon Giai Phong newspaper.

Local players remain dominate in real estate

Local investors will continue to be the main players in the real estate market in the short and medium term, and will seek assets from foreigners looking to leave the market, an international conference heard on July 26.

Managing director of CB Richard Ellis Vietnam Ltd Co, Marc Townsend, told the Vietnam International Real Estate Conference in Ho Chi Minh City that more real estate assets will be offered for the sale in the near future.


Greater global role for Asia

A new Asia with a great global role will emerge from the current economic crisis and Asian enterprises would have to revise their leadership strategies to adapt to the situation.