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VN allows 100% foreign capital banks, proving its activeness in realizing WTO commitments

VGP – By licensing HSBC and Standard Chartered Bank (both owned by the UK) to establish their wholly owned branches, Việt Nam shows its efforts in fulfilling its WTO commitments.

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Foreign investors keen to enter Viet Nam’s banking market

Ha Noi (VNA) – Representatives from foreign institutions have recognised that the Vietnamese Government is moving to implement its commitments to the World Trade Organisation (WTO) in the banking sector, but is still slow in licensing 100 percent foreign-owned banks

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Foreign businesses seek opportunities in HCM City

HCM City , Nov. 25 (VNA) – Dozens of businesses from the Republic of Korea (RoK) and the US have visited Ho Chi Minh City to seek business and investment opportunities. 

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Hanoi to host 15th ASEAN Exchanges CEOs meeting

Hanoi, Nov. 28 (VNA) – The 15th ASEAN Exchanges CEOs meeting will be held from Nov. 30 to December 2 in Hanoi.

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HCM City to host 9th international trade fair this week

HCM City, Nov. 28 (VNA) — Nearly 400 domestic and foreign enterprises will showcase a wide range of products and services at the 9th Vietnam International Trade Fair in HCM City, held from 30 November to 3 December at the Sai Gon Exhibition&Convention Centre in District 7.

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Vietnam, Russia Reach New Agreements

(VEN) - The first meeting between Vietnamese Deputy Prime Minister Hoang Trung Hai and Russian First Deputy Prime Minister Igor Ivanovic Shuvalov as the co-chairs of the Vietnam-Russia Inter-governmental Committee was held on November 21 in Hanoi. At the meeting, the two parties addressed possible measures to strengthen and further boost bilateral economic, trade and science-technology ties, particularly in the area of energy.

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Drafting an SME Development Plan

(VEN) - A seminar on providing suggestions for improving a draft plan for the development of small to medium-sized enterprises (SMEs) from 2011-2015 recently took place in Hanoi. At the seminar, the Business Development Department of the Ministry of Planning and Investment introduced the targets laid out in the draft plan. They include the establishment of an additional 450,000 SMEs, 10 percent of all SMEs to be involved in direct export activities, SME investment to account for 40 percent of the total investment capital, and SMEs to make a 30 percent contribution to the country's gross domestic product (GDP) and a 35 percent contribution to the state budget revenue and to create four million more jobs.

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Industrial Cluster Development Needed

(VEN) - According to Professor Michael E. Porter from the Harvard Business School, an industrial cluster is a geographical meeting point of companies that have linkages, specialized producers, service providers, companies from sectors relating with each other and institutions that have linkages (such as universities, standard and quality control organizations and business associations), which all compete but work with each other.

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French Businesses Join Vietwater Exhibition

(VEN) - Ten French businesses flew to Vietnam to meet donors and take part in the French pavilion from November 22-26, which was organized by the UBIFRANCE French Trade Commission within the framework of the 2011 Vietwater water exhibition held at the Sai Gon Exhibition Center.

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Cocao growers meet standards

Cocao products grown in the southern province of Tien Giang have been certified by UTZ Kapeh Vietnam for meeting international-quality standards.

 

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