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Vietnamese software firms consider Japan as the major market

The Japanese software market is really attractive in the eyes of Vietnamese software outsourcing firms. Up to 80 percent of Vietnamese firms consider Japan as the core market.

Vietnamese enterprises expanding into international markets

Hoang Anh Gia Lai Group has become one of the most successful investors in this neighbouring country with the total investment capital of US$1 billion in such areas as rubber, sugar cane, mining and hydropower industries.

Vietnamese firms invest over $24.5b in foreign countries as of July-end

The investment capital of Vietnamese investors exceeded $10.7 billion and chartered capital of Vietnamese investors also reached approximately $10 billion. They mainly invested in mining sector with about $17 billion, of which, Vietnamese investors poured over $4.3 billion and chartered capital of over $3.7 billion.

Vietnam Insurance Market: Keeping Double-digit Growth

The Vietnamese insurance market is being competed by both domestic and international insurers and is hurt by economic challenges. Hence, insurers are forecast to face difficulties in funds and premiums. Optimistically, insurers reported revenues growth of 10-15 percent in the first eight months.

Fearing recession in EU, Vietnamese businesses try to seek new markets

The decision has been made after Garmex found some bad signs from the EU, always considered the biggest market which consumes 80 percent of Garmex’s production capacity.

Switzerland vows all-round cooperation with Vietnam

The Swiss parliament will increase experience sharing in operations of the two legislative bodies, especially at committee level and parliamentarians’ groups, Jean Rene Germanier told Vietnamese Deputy Prime Minister Hoang Trung Hai in Bern on September 14 during the latter’s official visit to  Switzerland occasioned by the 40thanniversary of the two countries’ diplomatic ties.

Overseas Vietnamese workers to send home $1.8 bln: ministry

The agency forecasts there would be about $10 billion of overseas remittances to be transferred to the country by overseas laborers in 2011-2015. Though the total amount of money sent home by Vietnamese workers are still small compared to that in some other countries which is even higher than the foreign direct investment (FDI) capital, international aids and higher than the export turnover of some key items, it has help significantly improve the poverty and promote investments, said the department’s spokesperson.

Young Vietnamese wins two int’l piano awards

Last year, Mi won the Gold Prize at the Music Festival and Competition Cheonan in the Republic of Korea and the first prize at the F. Chopin International Piano Competition in Singapore. She is voted as one of the 20 top young representatives of Vietnam.

Further fiscal & monetary tightening in coming months

The Vietnamese authorities deserve our applause for facing up to tough economic issues. Today’s rate hike was just another step in the long battle against inflation. Although the policy stance has clearly shifted from boosting growth to improving economic stability since February, the data flow remains challenging.

JICA stands by cooperation commitments with Vietnam

Mr Kiyoshi spoke highly of the Vietnamese Government’s efforts to stabilise the macro economy and control inflation and considered this an important foundation for JICA to maintain its ODA cooperation commitments to Vietnam.

Viet Nam attends 7th ASEAN People’s Forum

The three-day forum, which drew the participation of over 1,300 delegates from people’s organisations of 10 ASEAN member nations and several regional organisations, continues to pursue goals of speeding up inter-ASEAN integration and building an ASEAN towards the people and the ASEAN Community in 2015. The Vietnamese delegation’s message at APF-7 focused on preventing arms races and protecting peace and stability in the region, especially in the East Sea; worries about projects to build hydropower dams on the Mekong River; and the struggle for justice for millions of Vietnamese AO victims.

Vietnam hopes FTAs will bring more opportunities to expand export markets

Vietnam and Canada have reached the consensuses on basic points for the Foreign Investment Promotion and Protection Agreement FIPA, which is expected to be signed right in 2011. The issues relating to the possible impacts of the FTA on the Customs Union of Russia, Belarus and Kazakhstan, are being considered by the Vietnamese agencies and the union’s agencies. Recently, the EU has been joining forces to organize events in Vietnam where the advantages are analyzed if the two sides sign an FTA.

Cathay climbs with local aviation scene

It is undeniable that Vietnam is of the fastest and largest growing aviation markets in South East Asia and the world. With good government support, economic and infrastructure development, its aviation has gone a long way to reach today’s standards. The continued growth of the Vietnamese economy, people’s increasing purchasing power and desire to travel are obviously vital elements for Vietnam’s aviation to grow in significance.

Prices likely to climb another 2 percent in May

Inflation will continue to be high for the near future due to impacts of economic and policy factors on the domestic economy, including the deregulation of electricity rates (slated to begin fluctuating under free market rules in June) and a minimum wage increase in May, said former State Bank of Vietnam Governor Cao Sy Kiem. The current bout of high inflation was ignited when the Vietnam dong was devalued by 9.3 percent against the US dollar in February, followed by hikes in petrol costs and electricity rates in March. Inflation was also spreading globally, especially in Asia, exerting great pressure on the Vietnamese economy.

‘Vietnam epitomizes development success story’

According to Kuroda, Vietnam is the most susceptible to climate change and the ADB is helping the Vietnamese government work out action plans to cope with its possible negative impacts. Kuroda cited urban traffic projects to reduce the emission of greenhouse gases by changing people’s habits to using public transport as an example of efforts to counter the effects of climate change.


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