Ministry aims for SOEs equitisation execution in 2015
The Ministry of Construction pronounced it sets to equitise a 9 remaining State-owned enterprises (SOEs) in 2015 in line with a determined restructuring roadmap.
To accelerate a process, all a SOEs underneath a method are creation any bid to exercise their authorized restructuring plans, focusing on equitisation and divestment from non-core investment projects.
The method has equitised 6 of a 15 SOEs so far. In 2014 alone, a 4 firms, namely Hanoi Construction Corporation, Bach Dang Construction Corporation, Viglacera and Viwaseen, were equitised.
The remaining 9 SOEs have divested scarcely 2.4 trillion VND (112.8 million USD) from 54 mandatory categories, fulfilling 47.1 percent of a set target.
Over a final dual years, construction businesses have worked towards restructuring notwithstanding mercantile difficulties, while still ensuring fast jobs and incomes for their employees.
Along with restructuring efforts, a sector’s firms have also rolled out measures to proactively residence intensity destiny obstacles, as good as brace and foster their prolongation and business activities.
EVN commits to assembly augmenting approach in 2015
The electric zone has sets a idea of producing 141.8 billion kWh of blurb electricity in 2015, or adult 10.4 percent opposite final year, in sequence to accommodate approach that is approaching to arise fast this year.
At a discussion for implementing a 2015 devise in Hanoi on Jan 13, a Electricity of Vietnam (EVN) Group pronounced a inhabitant appetite complement has a sum ability of 34,000 MW with a standby ability of 30 percent, with many plants in a northern and executive regions.
One of a biggest hurdles confronting a sector, however, is to revoke electricity waste by during slightest 8.6 percent in line with a Government’s Decision 854.
According to Duong Quang Thanh, EVN emissary ubiquitous director, a organization is scheming a devise on improving a efficacy and capability in prolongation and business for a duration of 2016-2020, to be submitted to a Prime Minister for capitulation by a finish of a third entertain this year.
Under a project, electricity era and squeeze will be quite supervised to minimise a costs besides essay to overfulfil goals in conserving electricity.
Along with assembly a approach for electricity and seeking new customers, Thanh said, a organization will quite control a calculation of electricity prices to make certain that a cost levels will be unsentimental to right users with right purposes.
The cost of investment and behest routine will be underneath despotic inspection to make certain a behest is satisfactory and projects go according to schedule, he said.
The EVN skeleton to put a Vung Ang 1 and Mong Duong 2 thermoelectric plants into operation in 2015, while purchasing around 1.8 billion kWh of electricity from China and progressing electricity sale to Cambodia.
Addressing during a meeting, Minister of Industry and Trade Vu Huy Hoang pronounced that with a GDP expansion idea of 6.2 percent in 2015, a electric zone needs to grow by during slightest 13 percent.
Hoang asked a EVN to safeguard sufficient appetite supply, quite for a South and work safely hydroelectric plants as good as safeguard a construction speed and peculiarity of new electric projects.
Last year, a EVN stretched a appetite network to 99.59 percent of all communes nationwide, bringing electricity to 98.22 percent of tillage households, already heading a idea set by a 11th National Party Congress for 2015 by 0.22 commission points.
Coal zone urged to safeguard sufficient domestic supply
The Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) should concentration on augmenting prolongation to safeguard sufficient domestic spark supply and revoke a risks of an appetite shortage.
Speaking during a Jan 13 discussion on implementing a 2015 tasks, Deputy Prime Minister Hoang Trung Hai pronounced spark scrutiny and exploitation should work in tandem with expansion in other inner mercantile sectors, such as a sourroundings and tourism.
The Deputy PM requested Vinacomin request modernized record to boost capability and efficiency, weigh spark in pot in a Red River Delta, while building projects on aluminium, titanium, and other singular earth minerals.
The zone set a expenditure devise of 38 million tonnes of coal, including 3 million tonnes for export, and an outlay of during slightest 8.6 billion kWh in 2015, pronounced Vinacomin General Director Dang Thanh Hai.
The organization stretched a prolongation from a opening of this year to accommodate domestic approach while seeking spark resources for import to fuel appetite projects and accommodate domestic demand.
The organization also aims to embark operations in dual some-more subordinate factories, a Nhan Co-Dak Nong Alumin Factory and a Cao Bang expel iron and steel prolongation Complex in a second half this year. It also focuses on augmenting copper, ferrochrome, zinc, and tin prolongation capacity, among others.
Vietsovpetro targets 5.1 million tonnes of wanton oil in 2015
The Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro) has set a prolongation devise of feat 5.1 billion tonnes of wanton oil in 2015, grossing a sum income of 3.9 billion USD.
To realize this target, Vietsovpetro will work to drastically diminish costs by tying a leasing of ships, helicopters and oilrigs and augmenting their organization capacity, pronounced Tu Thanh Nghia, General Director of Vietsovpetro.
The try will pull adult a designation of subterraneous wire and transformer stations providing electricity to offer revoke costs.
In addition, it will lift systematic and technological concentration and inspire technical innovations to urge a potency of prolongation activities.
Last year, Vietsovpetro extracted 5.36 million tonnes of wanton oil, distant leading a annual aim of 260,000 tonnes and generating 4.34 billion USD in revenue.-
Hanoi aims for 5 percent industrial expansion in 2015
Hanoi will work towards courtesy zone liberation in 2015 with 5 percent growth, settled Vice Director of a metropolitan Department for Industry and Trade Tran Thi Phuong Lan.
Value combined to a zone in 2014 is projected to arise about 8.4 percent, Lan pronounced during a discussion to launch a 2015 zone devise on Jan 13.
The city skeleton to sequence measures to discharge courtesy barriers and lift prolongation efficiency, while enlivening a support, high technology, and farming industries.
Meanwhile, Hanoi will continue to exercise a series of effective projects and programmes, including unchanging meetings with businesses palliate their difficulties, expansion of support courtesy products in a city for 2011-15 duration and support for prolongation of pivotal industrial and high record products, pronounced Lan.
State supervision of a courtesy zone will be augmenting with a aim of boosting qualification courtesy and trade villages with high combined value and enhancing potency of industrial clusters to attract some-more investment, she added.
She also called for businesses to sojourn active in producing and offering their products, slicing costs, requesting modernized record and augmenting capability wherever possible.
Last year, Hanoi ’s courtesy rose 4.6 percent, next a nation normal expansion rate of 7.6 percent and Ho Chi Minh City ’s 7 percent. However, a zone still available combined value expansion of 8 percent, reaching 107.775 trillion VND and aloft than a normal inhabitant expansion during 7.15 percent and Ho Chi Minh City ’s 7.1 percent.-
Ministry of Transport, Bechtel to concur on Ca Mau port
Transport Minister Dinh La Thang on Jan 12 met with a devise supervision organisation from US formed Bechtel Corporation deliberating team-work on a Hon Khoai spark pier devise in a southernmost range of Ca Mau.
At a meeting, Mark Argar, a devise manager of US formed Bechtel Group pronounced a pier and logistics centre plays a critical purpose in a inhabitant economy.
It is a nation’s blood tide to support both trade and import, emanate jobs for workers and is a gateway pier to put into use for a spark industry, this cause is really important. This pier is located during a critical turn and informal countries.
He also pronounced that his organization has a sealed a agreement with Van Phong organisation to exercise a Hon Khoai pier devise and it wants to jointly attend in investigate and feasibility analysis.
For his part, Minister Thang welcomed partnership from Bechtel and affianced to emanate a best probable conditions for a ventures success. Within a range of shortcoming of a Ministry of Transport, we will essay to support and foster a best probable conditions for a company.
Dong Nai speeds adult etiquette checks
Dong Nai Customs skeleton to minister VND14.7 trillion (US$700 million) to a State bill this year, about VND1 trillion ($47.62 million) some-more than a volume final year.
The conduct of a agency, Huynh Thanh Binh, pronounced that etiquette officers of a southern range will speed adult executive reforms and feature supervisions opposite bootlegging and trade rascal to grasp a target.
He combined that a organisation has collaborated with 12 banks to collect taxes, while all a branches have implemented electronic etiquette systems, that offer 97 per cent of a enterprises concerned in clearance, and that 98 per cent of a value of products are announced here.
Dong devalued after boost in inter-bank rate
The State Bank of Viet Nam (SBV) strictly lifted a selling and offering rate for a US dollar to VND21,350 and VND21,600, respectively, this week.
Compared with a prior rate, that had remained unvaried given Jul 15, 2014, a new rates noted an boost of VND150 for a selling cost and VND200 for a offering price.
The pierce was dictated to behind a sell rate’s decrease after a inter-bank rate was lifted by 1 per cent on Jan 7, as good as to support trade activities.
On Jan 7, a SBV augmenting a inter-bank sell rate from VND21,246 to VND21,458 per US dollar. With an effective sell rate with a 1 per cent margin, a roof rate was VND21,673 per dollar.
After a new rates were introduced, a unfamiliar banking marketplace in Viet Nam stabilised. However, dollar prices kept dropping during inner blurb banks on Jan 13. Vietcombank reduced a selling and offering rates by VND20 per dollar compared to final week’s rate, ensuing in a selling cost of VND21,320 per dollar and a offering cost of VND21,380 per dollar.
Buying and offering rates during BIDV were VND21,320 and VND21,380 per dollar respectively, down VND30 and VND60 compared with final week’s rate.
Rates during other blurb banks, such as Eximbank, ACB, Vietinbank and Techcombank, also slipped by VND5-20 to stay during VND21,300-21,315 on a selling side and VND21,365-VND21,375 on a offering side.
The SBV’s rate was therefore aloft than rates offering by a blurb banks, and it was prepared to buy and sell US dollars in a bid to brace a unfamiliar sell marketplace in Viet Nam.
Banking zone reform: MA bang expected
With a Government’s integrity to dive a restructuring of a credit establishment system, mergers and acquisitions (MA) in a banking zone were projected to bang in a entrance years.
Deputy Governor of a State Bank of Viet Nam (SBV) Nguyen Thi Hong pronounced during Monday’s speak with a Viet Nam Television’s BizLive that 2015 was approaching to declare some 6 MA deals to discharge diseased banks, while enhancing a banking system’s health and ensuring a economy stays solvent.
Hong pronounced that a doing of diseased banks would be generally formed on domestic resources, adding that a executive bank would yield opportunities to blurb banks to solve their possess difficulties.
Voluntary MA, in line with determined regulations, had been encouraged. The executive bank also speedy a appearance of unfamiliar banks during a restructuring of diseased banks.
In box it is needed, stronger measures, such as mandatory MA, would be applied, she added.
According to a roadmap for restructuring credit institutions, a series of blurb banks would be reduced from over 30 to some 15 to 17 by a finish of 2017.
Meanwhile, Deputy Governor Nguyen Phuoc Thanh was quoted by Vneconomy journal as observant that dissolutions and bankruptcies could be collection in doing diseased banks, stressing that a rights of depositors would be prioritised in such cases.
Thanh pronounced that a revolution of 8 of 9 banks that indispensable to be restructured were on a right track, that helped safeguard a reserve of a State’s resources and depositors, while expelling risks of a system’s collapse.
Also, a executive bank pronounced that a restructuring of credit establishment systems contingency be compared with a devise to solve bad debts in sequence to revoke a bad debt ratio to 3 per cent of a sum superb loans by a finish of 2015 – that was a aim set by a Government.
Craft trade income reaches $1.6b
Vietnamese handicrafts’ 2014 trade value reached US$1.6 billion, adult 8 per cent year-over-year, a Agro-forestry Processing and Salt Industry Department underneath a Ministry of Agriculture and Rural Development said.
The method had authorized a intrigue for trade exports for a 2010 to 2015 period, aiming for an trade turnover of $1.6 billion by a finish of 2015. The zone has achieved a aim a year in advance.
Last year, exports of rattan overwhelmed $530 million, accounting for 33 per cent of a sum exports; a ceramic courtesy accounted for $480 million, or 30 per cent and a weaving courtesy reached $270 million or 17 per cent.
The trade value of a domicile and mosaic timber products was pegged during $130 million or 8 per cent and other groups during $190 million or 12 per cent.
The EU, a US and Japan are still pivotal markets for Vietnamese exports. Craft firms are also focused on exploiting new markets in a BRICS group, whose economies are building rapidly, including Brazil, Russia, India, China and South Africa. These markets are approaching to offer good intensity for Vietnamese qualification exporters.
According to Viet Nam Handicraft Exporting Association (Vietcraft), a full intensity of qualification villages is still to be tapped. Each year, a tellurian crafts marketplace trades in about $100 billion. However, a Vietnamese marketplace share accounts for usually 1.5 per cent.
The organisation also thinks that a $1.6 billion in trade value is too low for a 2,790 qualification villages and a millions of employees handling in a zone in Viet Nam.
Do Van Khoi, emissary authority of Vietcraft, says Viet Nam still lacks investment in record and design. Many qualification producers select to make low cost products instead of high value-added products.
The fact that domestic producers use aged designs or duplicate any other’s designs creates inner competitiveness fiercer, heading to a rebate in a tellurian value chain, he explains.
Le Ba Ngoc, authority cum ubiquitous secretary of Vietcraft, recommends that qualification firms concentration on producing medium-priced products, that are suitable and in gripping with their prolongation capacity, element source and skills, in sequence to entirely feat their advantages and boost trade income going forward.
Moreover, firms should also compensate courtesy to high-end products. While building medium-priced and high-end products, firms need to register heading insurance to strengthen mercantile interests of a products exported overseas, Ngoc adds.
Challenges put Dung Quat refinery in obligatory of upgrading
The Prime Minister has authorized a devise to ascent and boost Dung Quat oil refinery in a executive range of Quang Ngai that is confronting with hurdles from element necessity and approaching competitiveness from other refinery projects in a executive region.
The devise will boost Dung Quat’s ability from 6.5 million tons to 8.5 million tons of petrol a year.
Technologies for light honeyed wanton oil enlightening during Dung Quat are estimated to be a many modernized in a Southeast Asia. However a plant is threatened by element necessity after 5 years of operation as a element source from Bach Ho margin has turn depleted.
Chairman of Binh Son Refining and Petrochemical Company (BSR) Nguyen Hoai Giang pronounced that Dung Quat is means to routine usually light honeyed wanton from Bach Ho field. The organisation is a auxiliary of a Vietnam National Oil and Gas Group and user of Dung Quat refinery.
Mr. Giang pronounced that when building a plant, investors had suspicion about that scenario. However, it was too dear for equipping a plant with comforts to work complicated green oil. It is time now to boost and ascent a refinery to urge a refinery’s competitiveness.
Beside a element necessity a Dung Quat plant is confronting with competitiveness from other refineries that have been built or going to mangle belligerent such as Nghi Son in Thanh Hoa, Vung Ro in Phu Yen and Nhon Hoi in Binh Dinh Province.
Nghi Son’s substructure is scarcely built. The plant competence come into operation by midst 2017 and supply petrol for a whole northern market.
Meantime US$4 billion and 8 million ton Vung Ro plant that invested with 100 percent unfamiliar material is approaching to mangle belligerent in a second entertain this year and to be finished apparatus designation by 2018. Once being done, it will control a southern market–the country’s largest petrol expenditure area.
BSR has invested in a sulfur liberation section (SRU) to work import green wanton oil. Construction swell has exceeded a devise by 2.4 percent to strech scarcely 60 percent. The unit’s commander operation is approaching to start in Sep this year.
2015 is a plea year for BSR as it has to work Dung Quat stably and effectively, and gradually ascent and boost a refinery, Mr. Giang said.
Chairman of Quang Ngai People’s Committee Le Viet Chu pronounced that upgrading a Dung Quat oil refinery is a province’s initial priority. Local authorities would give BSR with extent assistances in all fields from site clearway to resettlement to speed adult a devise progress.
The range will settle a steering residence to work with a BSR supervision residence on a project, he added.
Remittances to assistance unfreeze a residential market
Real estate projects are approaching to attract remittances from abroad Vietnamese, as a marketplace revives and conditions turn some-more favourable.
In a new consult by Vietnam’s Central Institute for Economic Management it is likely that income from abroad could strech $12 billion in 2014, peaking in Jan and Feb due to Lunar New Year celebrations. Money from a US accounted for 57 per cent of inbound remittances, followed by Australia and Canada. Recently, income flows have also come from Asia where there are a high series of Vietnamese workers, such as Malaysia and Taiwan.
Phan Huy Khang, CEO of Sacombank suggested a bank eliminated $2 billion value of remittances in 2014, adult 15 per cent on 2013.
Dong A Money Transfer CEO Tran Van Trung was also upbeat as a organisation perceived 10 per cent some-more remittances in 2014.
State Bank of Vietnam officials attributed a expansion to a softened macroeconomic environment, including a behind acceleration rate and certain mercantile growth
Banking consultant Nguyen Tri Hieu estimated that 30 per cent of Vietnam-bound abroad income would be funnelled into genuine estate.
Vu Cuong Quyet, CEO of a Northern Green Land Real Estate and Services Joint Stock Company, told VIR, “the finish of a year is always a busiest time for residence purchasing. Remittances will positively be a good source for genuine estate investment, that has prolonged been a favourite long-term investment channel among Vietnamese.”
Representatives from Dong A Money Transfer echoed this view, revelation VIR that with dwindling prices for properties, genuine estate might recover a lure to remittances holders.
Khang explained a surge, “I trust that a new law easing rights for abroad Vietnamese to buy properties in Vietnam is a categorical reason. If selling procedures turn seamless, some-more remittances will flow into genuine estate.”
According to a drastically nice Housing Law, starting from Jul 2015, foreigners and abroad Vietnamese will be authorised to purchase, lease, send or sell houses in Vietnam. They can also use these properties as collateral, nonetheless they will usually have a extent 50 year ownership.
In a new report, Grant Thornton Private Equity Investment Vietnam regarded this pierce as a many indispensable boost to a Vietnamese genuine estate market.
Another reason for this expansion are descending bank seductiveness rates, joined with fast sell rates between a US dollar and Vietnam dong. This has disheartened deposits. Moreover, according to Trung, a domestic batch marketplace was rarely flighty in 2014, losing foster with remittance receivers. As a result, they are looking to deposit in genuine estate instead.
Thaco’s engine-making aspiration suffers critical hiccups
Truong Hai Auto Corporation’s dream for prolongation automobile engines has come to an finish – during slightest temporarily – with Chu Lai Economic Zone Management Authority revoking a investment certificate for a engine prolongation project.
According to a Chu Lai Economic Zone Management Authority in Quang Nam province, a investment certificate for this devise was revoked late final month, notwithstanding a fact that a supervision has recognized this as a pivotal inhabitant engineering project.
When contacted by VIR final week, Nguyen Mot, communication manager with Truong Hai Auto Corporation (Thaco Group), reliable that a investment certificate had indeed been revoked. He pronounced this had come about given Hyundai had motionless to finish their record send agreement with Thaco.
With no investment certificate to pierce brazen with, a organization has had to postpone their desirous skeleton even nonetheless they are penetrating to boost a localisation rate for Vietnam-made cars.
Currently, a organization is co-operating with unfamiliar car-makers to arrange Kia, Mazda, and Peugeot cars during a low rate of localisation. In other words, a organization has not nonetheless gained a modernized record to furnish a many critical partial of a automobile – a engine.
Back in 2011, Thaco signed a record send agreement with Hyundai Motors to make 20,000 engines a year during Euro 2 and Euro 3 glimmer standards. However, a investment was behind while a inner car-maker awaited a government’s accede to extend a timeframe for offering Euro 2 and Euro 3 engines. According to supervision regulations, all new car engines in Vietnam contingency accommodate a Euro 4 customary from 2017.
Late in 2012, a supervision concluded in-principle to concede a Chu Lai-Truong Hai engine prolongation plant to build and sell 100,000 diesel engines during a lower-standard of Euro 2 and Euro 3 until a finish of 2018. However, a check in construction had given Hyundai Motors cold feet, and a South Korean organisation announced that it was finale a agreement with Thaco.
“In 2016, we will resume negotiations with Hyundai Motors for a new agreement for Euro 4 record transfer,” pronounced Mot, implying that Thaco Group still expects to accept a imagination and record from a Korean car-maker.
However, Mot also certified that he was not certain if Hyundai Motors still wanted to co-operate with Thaco in terms of engine prolongation in Vietnam.
“I don’t know when this investment can be resumed,” pronounced Mot.
Top firms essay to calibrate schooled workman shortage
Amid a necessity of skills in a Vietnamese workforce, many unfamiliar companies have invested in training courses in a Vietnamese preparation complement to move about softened workforce peculiarity and productivity.
Late final year, Mitsubishi Heavy Industries (MHI) hold a rite during a Electric Power University in Hanoi to symbol a fourth year of a Japanese organisation providing instruction in chief engineering during this educational institution.
In Aug 2010, a university determined a dialect specialising in chief appetite generation. This department’s subtract is to furnish engineers competent to work during chief appetite plants to be introduced in Vietnam. Education entails hands-on training in a operation and upkeep of chief appetite stations. From a outset, MHI has contributed to a expansion of a department’s simple educational framework, including co-operation in scheming march curricula.
MHI announced that a courses it provides during a university would capacitate Vietnamese students to master unsentimental imagination directly from engineers with believe in such operations. In addition, MHI is also appropriation courses on chief engineering during a Hanoi University of Science and Technology.
The courses are being supposing on a basement that MHI is approaching to be a second unfamiliar organisation to build a chief appetite hire in Vietnam, as it has presented a ATMEA1 reactor record to a Vietnamese government. And when a initial chief engineering students connoisseur in 2015, MHI believes that a organisation will play an active purpose in a nuclear-related margin in Vietnam that is confronting serious shortages of well-trained staff to run destiny chief appetite plants.
Since Vietnam non-stop a doors to unfamiliar companies, a necessity of schooled workers has been a bottleneck issue. Although a transitions holding place in China – including rising work costs and a change towards an mercantile indication that is reduction reliant on exports – are formulating opportunities for Vietnam to constraint a larger share of tellurian manufacturing, unfamiliar investors worry that a advantage of low work costs is undermined by diseased outlay per worker.
Vietnam’s General Statistics Office final month announced that a capability of a Vietnamese workman is 18 times revoke than a Singaporean.
“This capability challenge, along with behind expansion of a schooled workforce, could bluster continued growth. One investigate has reported that curricula are outdated, teachers overstretched and underpaid, and graduates miss a job-ready skills sought by multinationals,” pronounced Gaurav Gupta, authority of a American Chamber of Commerce in Vietnam.
But while a nation’s preparation complement is solemnly developing, a impasse of unfamiliar companies, like MHI, are really understanding in rebellious a emanate of skills necessity in a workforce. Alongside MHI a series of other companies are investing in a up-skilling of Vietnamese workers.
Intel Products Vietnam, that now operates Intel’s largest chipset prolongation bureau in Ho Chi Minh City, co-operated with a United States Agency for International Development and a Arizona State University’s Ira A in 2010 to found a aloft engineering preparation fondness programme – softened famous by HEEAP.
HEEAP has captivated many other sponsors including Vietnam’s Ministry of Education and Training, Ho Chi Minh’s Hi-Tech Park, Siemens, Danaher, Cadence, National Instruments and Pearson with an aim of building ready-to-work students and providing high peculiarity tellurian resources with inner training for hi-tech industries in Vietnam.
As recently as Jun 2014, 24 engineering lecturers from a 5 HEEAP Vietnamese partner universities trafficked to a Arizona State University to take partial in a HEEAP Faculty Development Training. The organization spent 6 weeks training about engineering curriculum design, tyro success, and active training techniques. During their training, a conspirator schooled profitable lessons that will not usually advantage their possess classes, nonetheless also offer to renovate preparation during their institutions.
Bosch Vietnam in 2013 also cooperated with LILAMA 2 Technical Technology College in environment adult an tutelage programme to yield Technical Industrial Apprenticeships that are in suitability with German vocational training standards. In this partnership programme, LILAMA 2 will explain fanciful believe to a apprentices, who will afterwards bear unsentimental training during a Bosch automotive pushbelt prolongation plant in a southern range of Dong Nai. Through a programme, Bosch aims to build adult a rarely schooled inner technical workforce in Vietnam, generally in Dong Nai.
Vo Quang Hue, CEO of Bosch Vietnam, pronounced tellurian resources was a pivotal cause in a business expansion of Bosch in Vietnam. “Bosch can usually say double-digit expansion in economically formidable times and boost activities during a program centre in Ho Chi Minh City as good as enhance a bureau in Dong Nai’s Long Thanh when it has successfully dealt with plea of workforce quality,” Hue said.
Hanoi FDI approaching to arise in 2015
Hanoi expects to attract some-more unfamiliar approach investment in 2015.
The city’s Department of Planning and Investment has set a aim of luring $1.3-$1.5 million in unfamiliar approach investment (FDI) this year, including $450 million for projects in industrial parks and a remaining $900 million for other projects.
In 2014 Hanoi saw 418 FDI projects possibly protected or boost their investment material with a sum purebred investment material of scarcely $1.4 billion, adult 26 per cent compared to 2013 and 7.4 per cent aloft than a $1.3 billion target.
Of this, 313 projects were newly protected with a sum purebred material of $651.2 million, adult 34 per cent on-year.
By sector, skill done adult a largest share with 51.3 per cent of sum purebred capital, followed by a estimate and prolongation zone with 21.3 per cent and afterwards others.
The UK’s Gibraltar was a biggest financier in a city with 46 per cent, followed by Japan with 23.7 per cent, and South Korea with 14.2 per cent.
Some 105 projects in 2014 augmenting their investment material to a sum $746 million, adult 20 per cent on-year.
By zone these followed same trend as new projects with skill creation adult a biggest share during 35.8 per cent followed by estimate and prolongation with 30.7 per cent.
In terms of investors, South Korea led a approach with 36 per cent, followed by Singapore with 27 per cent and afterwards Japan and Malaysia.
In 2014 Hanoi saw supports totalling $1.017 billion disbursed, adult 17 per cent on-year. Notable projects enclosed Tay Ho Tay with $234 million, Lotte Hotel with $54 million, B.Braun Pharmacy with $40 million, Ogino Vietnam with $50 million, Coca-Cola Vietnam with $170 million and Stanley with $20 million.
In 2014 a city’s FDI zone warranted $12.22 billion in revenues, adult 16 per cent on-year with trade turnover of $5.4 billion, adult 9.8 per cent on-year.
It mostly exported electronic gangling tools and computers, accounting for 48.2 per cent of a city’s sum trade turnover, while a rate was 33.3 per cent for a state zone and 12.8 per cent for a inner private sector.
The FDI zone witnessed sum import turnover of $5.17 billion, adult 12.1 per cent on-year, representing 21.1 per cent of a city’s total.
The zone contributed $834 million to a state budget, adult 4 per cent on-year, accounting for 12.6 per cent of a city’s sum bill revenue.
Textile and mantle firms design expansive expansion in 2015
The arriving signing of a raft of giveaway trade agreements, both shared and multilateral, between Vietnam and other nations and organisations is carrying a certain impact on a opening of a inner weave and mantle industry.
Accordingly, given late 2014 a sector’s critical players such as Phong Phu, Nha Be, Thai Nguyen and Hung Yen mantle companies pronounced they had already sealed trade orders durability by many or all of a year.
Chairman of Hung Yen Garment Nguyen Xuan Duong pronounced trade orders are not a regard for a organisation as it had already sealed trade contracts with critical business by a finish of a third quarter.
Last year Hung Yen Garment eyed a 16 per cent travel in sum trade value to $350 million, and now expects even softened formula this year interjection to some-more enlightened trade conditions.
Another courtesy leader, Ho Chi Minh City-based Nha Be Garment Corporation (NBC) suggested that is had sealed trade orders by a finish of a year.
“Our categorical targets this year are boosting capability while improving peculiarity to grasp a best probable efficiency,” pronounced NBC emissary ubiquitous executive Nguyen Ngoc Lan.
According to emissary authority of a Vietnam Textile and Apparel Association (Vitas) Le Tien Truong, a sector’s high trade value of $24.5 billion (up 19 per cent on-year) in 2014 was a outcome of consistent attempts by businesses in a sector, and also from advantages of Vietnam’s giveaway trade agreement (FTA) negotiations with a EU, South Korea and a Customs Union as good as a Trans-Pacific Partnership (TPP).
Though these FTAs have nonetheless to take effect, they have already encouraged certain formula with Vietnamese producers focusing their deal-making on countries concerned in these agreements.
Consequently, Vietnam witnessed double-digit expansion in a weave and mantle trade value to critical markets final year.
Exports to a US were valued during scarcely $9.8 billion, Japan $2.7 billion and South Korea $2 billion.
This also sets a grounds for a weave and mantle zone to see continued clever expansion this year.
Accordingly, a weave and mantle zone aims to grasp an trade value of $28-$28.5 billion this year, with exports to a US marketplace hopefully heading $10 billion.
Kien Giang targets 9 percent expansion in shrimp farming
The
Mekong Delta range of Kien Giang aims to collect 56,000 tonnes of
shrimp in 2015, a 9 percent boost from 2014, according to the
provincial Department of Agriculture and Rural Development.
To
achieve a goal, a inner aquaculture zone will concentration on raising
tiger and white-leg shrimp, while providing training on cultivation
techniques and illness impediment to farmers.
Additionally, it
will also allot supports for building and upgrading infrastructure,
especially saltwater-supply irrigation and appetite systems, and continue
to inspire locals to request modernized technologies in farming.
Kien
Giang skeleton to boost industrial- and almost industrial-oriented
aquaculture areas by 3,000 hectares in Long Xuyen Quadrangle in the
coming year, while progressing a existent 66,000 hectares of
alternated shrimp and rice tillage in U Minh Thuong.
At a same time, a range intends to concentration on efforts associated to tact and environmental insurance and management.
With
over 90,500 hectares dedicated to aquaculture, Kien Giang produced
51,430 tonnes of shrimp in 2014, adult 22.52 percent compared to 2013 and
equivalent to 98.9 percent of a yearly target.
Indian state hosts seminar on doing business with Vietnam
As
many as 60 businesses from a Indian State of Gujarat took partial in a
workshop themed “Doing business with Vietnam” hold by Gurajat EXIM Club
in Vadodara city, India, on Jan 13.
Addressing a event,
Vietnamese Ambassador to India Ton Sinh Thanh gave participants an
overview of socio-economic conditions and business meridian in Vietnam.
He
also suggested intensity fields for business partnership between the
two countries, such as textiles, curative and chemical products,
electronics, machinery, and farming products.
Two-way trade
between Vietnam and India has stretched by 10-12 percent annually during
recent years and reached 6 billion USD in 2014.
The figure will be
augmented if a dual sides can make full use of a giveaway trade
agreement between India and ASEAN as good as favoured credits that
the Indian supervision provides to Vietnam, he added.
For his part, EXIM Club’s President Amitabh Nagori voiced his wish to boost team-work in trade and investment with Vietnam.
He
said a commission of enterprises from Vadodara city will attend the
VietnamExpo slated for Apr this year in Hanoi to learn about the
markets and find business opportunities.
Representatives from
several companies, such as 20 Microns, Rubicon, and Baroda Greases,
shared their believe in handling in Vietnam, highlighting a young
and self-motivated work force, flourishing marketplace and improved
infrastructure and executive procedures as clever points of the
country.
However, they forked to denunciation disproportion and a lack
of business information as problems in regulating a business in
Vietnam.
Quang Nam range to boost work exports
Over 20 businesses collected during a seminar in Quang Nam range on Jan 13 to strategise initiatives to boost work exports.
Apart
from assistance from other executive ministries and sectors, local
authorities should remind employees to follow their commitments as
stipulated in a work contracts and reside by law of a host
countries, pronounced Deputy Minister of Labour, War Invalids, and Social
Affairs Nguyen Thanh Hoa.
Labour trade is a good routine of a country, assisting to lift incomes for and whet skills of domestic workers.
This
has led to certain changes in both a apportion and peculiarity of the
national workforce, an essential partial of a tellurian formation process,
said Vice Chairman of a provincial People’s Committee Le Van Thanh.
Since
2011, Quang Nam has sent 846 workers abroad for employment, including
449 in a Republic of Korea , 227 in Japan and 153 in Malaysia .
Thang Binh and Que Son districts have taken a lead, with 185 and 139 people employed abroad, respectively.
Can Tho targets 12.5 percent boost in industrial production
The
Mekong Delta city of Can Tho intends to lift industrial production
value to 109.8 trillion VND (5.1 billion USD) in 2015, adult 12.5 percent
from 2014, so augmenting a suit of a courtesy zone in the
region’s mercantile structure to 35.7 percent.
The city will
restructure a agro-aquatic product estimate courtesy with a intent
to enhance a rate of processed products to 22 percent of the
industry’s output, from 17 percent in 2014, pronounced Duong Nghia Hiep,
Deputy Director of a city’s Department of Industry and Trade (DoIT).
The
province also skeleton to flue some-more than 50 trillion VND (2.3 billion
USD) into a concentration of modernized record in inner businesses in
an try to beef adult prolongation in sectors with clever domestic and
international demand, such as rice, aquaculture, panoply and textiles,
footwear, electronics, pharmaceuticals, and consumer goods.
For
aquatic product estimate and rice export, dual of a largest sectors,
the city will rise a peculiarity control complement in line with
international standards to accommodate augmenting high-end international
demand.
The city will also work to settle trade connections
with informal provinces and Ho Chi Minh City to offer enhance its
wholesale and sell network.
Additionally, Can Tho will devise
more incentives and support for private zone and small- and
medium-sized enterprises in terms of workers’ skills, transportation,
finance, information, and technology, among others.
In 2014, Can
Tho enacted countless measures to residence prolongation and operation
concerns of inner firms while facilitating softened entrance to financial
resources.
The city’s industrial prolongation value alone rose to
97.6 trillion VND (4.6 billion USD) in 2014, adult 12 percent from 2013,
ranking among a tip informal earners in a sector.
In 2014, the
Mekong Delta region’s industrial prolongation value reached scarcely 185
trillion VND (8.5 billion USD), accounting for 30.6 percent of its
overall economy that strike a record 469 trillion VND (21.7 billion USD).
The
Delta is comprised of 12 provinces and Can Tho city with a sum area
of 40,000 block kilometres and a race of 18 million. It is the
country’s largest granary and a critical aquaculture region.-
Cut fertiliser, animal feed prices: Ministry
The financial method has destined a authorities of cities and provinces inhabitant to ask enterprises to cruise slicing fertilizer and animal feed prices due to a dump in submit prices.
The method pronounced that given Jan 1 this year, a value-added taxation on fertilisers and animal feed products has been withdrawn.
On a other hand, a method has been following a tellurian trend and has found that given a third entertain of 2014, a prices of urea, pivotal mixture for creation animal feed and petroleum products during home and abroad have depressed in a ubiquitous market. However, a prices have not depressed in a domestic market, pronounced a ministry.
Therefore, to quell acceleration and brace a macro-economy, a authorities of provinces and cities underneath a executive supervision will approach a financial departments and applicable state offices to emanate central letters, seeking firms producing and trade in fertilizer and animal feed products to examination their submit costs, pronounced a ministry.
Then a enterprises will revoke a prices of these products and list them as per existent regulations.
Meanwhile, a financial departments will beam and check a inventory of a sale prices underneath stream regulations, pronounced a ministry.
The state offices, including a departments of cultivation and tillage expansion and of courtesy and trade, have been asked to delineate skeleton to check a peculiarity of a products to extent poor-quality, feign and pirated goods.
Additionally, a people’s committees of a provinces and cities should foster a regulations associated to a shortcoming of organisations, people and enterprises concerned in a production, business and use of fertilisers and animal feed. They have to urge recognition on implementing cost regulations, and quarrel feign and poor-quality products in a inner market.
Delivery firms urged to daub e-commerce potential
The fast expansion of online selling websites has presented both opportunities and hurdles for demonstrate smoothness businesses, pronounced a Viet Nam E-commerce Association (VECOM).
According to Tran Huu Linh, Head of a Ministry of Industry and Trade’s Department of E-commerce, e-commerce is not a requirement, nonetheless a apparatus that creates enlightened conditions for delivering products and environment adult logistical capabilities.
Catching adult with a trend, several companies in a zone have strengthened their investment to take advantage of a market.
Express smoothness services are experiencing a bang nationwide. Online selling has turn a critical trend, formulating opportunities for both e-commerce and demonstrate smoothness enterprises as 35 to 40 per cent of a country’s race uses a internet daily.
It is given of this reason that enterprises in a zone are deliberation building special services for business regulating e-commerce.
For example, DHL-VNPT has invested US$10 million to enhance a marketplace and open a 4,900sq m bureau with complicated equipment.
It has 134 ride vehicles and some-more than 400 staff members for estimate a over 10,000 orders perceived daily.
Viettel Post, that was ranked third in a zone with a 10 per cent marketplace share, has also tapped into a opportunities by investing 3 to 5 per cent of a turnover in technology, so maximising smoothness time and cost.
Nguyen Thanh Hung, VECOM’s ubiquitous secretary pronounced 91 businesses were postulated licences by a postal service. However, several enterprises have not implemented a service.
In addition, a bad peculiarity of smoothness has not done online selling cheaper than normal purchasing methods. This has turn a large separator for a e-commerce zone in Viet Nam.
Hung pronounced smoothness companies should urge peculiarity and rival prices by expanding their scale, enhancing training, as good as a concentration of information and technology.
He also suggested closer partnership among online companies and smoothness firms to accommodate customers’ approach some-more effectively.
VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
Article source: http://english.vietnamnet.vn/fms/business/121100/business-in-brief-15-1.html