Sandisk brings world’s tip ability memory label to VN
SanDisk Corporation, a tellurian personality in peep storage solutions, has launched a latest innovations in Viet Nam.
Sandisk launches innovative peep memory offerings such as a world’s tip ability SD label for high opening video and print constraint and world’s fastest, high-capacity micro SD UHS-I memory card. – VNS Photo
The offerings embody a world’s higest 512GB memory card, a SanDisk Extreme PRO SDXC UHS-I for video and print capture, and a world’s fastest and high ability microSD memory card, a 64GB SanDisk Extreme PRO microSDXC UHS-I.
Dinh Quang Trong, SanDisk’s nation arch for Viet Nam, pronounced Viet Nam is an critical and vital marketplace for his association given approach for consumer wiring is fortitude to grow and many consumers are looking for memory solutions, generally for breakthrough technologies that raise storage possibilities.
Vung Ang to turn nation’s largest thermal appetite center
Minister of Industry and Trade Vu Huy Hoang and member had a operative with Formosa Ha Tinh Steel Corporation (FHS), Vung Ang 1 thermal appetite plant during Vung Ang Economic Industrial Zone in a executive range of Ha Tinh on Jan 24.
Up to now, Vung Ang 1 thermal appetite plant has finished around 98, 7 percent of a construction. It is approaching to put into operation in November, 2015, reported supervision house of Vung Ang – Quang Trach Petroleum Power Project.
At a meeting, Minister of Industry and Trade Vu Huy Hoang stressed that a Son Duong Formosa steel seaport formidable is deliberate as one of vital mercantile site that perceived a best conditions for priority investment by Government, applicable ministries and departments.
Vung Ang is obvious as one of 5 pivotal coastal mercantile zones in energy, steel and oil refining.
In a nearby future, Vung Ang will turn a largest thermal appetite core in Vietnam. Thus, Minister of Industry and Trade Vu Huy Hoang asked General Department of Energy, Vietnam Electricity Group, Vietnam Power Transmission Company and applicable agencies should combine closely with supervision house of a devise in sequence to safeguard construction safe, operation and advantages between investors.
VEC skeleton to boost looseness capital
The Vietnam Expressway Corporation (VEC) skeleton to boost a stream looseness collateral 22-fold to some-more than 22.16 trillion VND (1.04 billion USD) brazen of a equitisation.
According to VEC General Director Mai Anh Tuan, it will be critical to settle a corporation’s looseness collateral brazen of a equitisation and to call on stakeholders, generally vital stakeholders.
The due looseness collateral is homogeneous to mixing a State’s approach investments in a corporation’s 5 vital projects, a stream looseness collateral and a remaining income from auctioning dual toll-fee stations.
The Ministry of Construction has asked a VEC to settle a steering house for restructuring and equitisation and finish a restructuring devise within a initial entertain of this year, observant a equitisation of a house contingency be finished by a finish of this year.
Minister of Transport Dinh La Thang has voiced his integrity to speed adult a equitisation of companies underneath a method within this year and a VEC is usually one among some-more than a dozen of a ministry’s companies to be finish a routine in 2015.
Last year, a method equitised 10 companies in line with an authorized plan. The method also finished an initial open charity for 48 corporations.
January CPI slides over fuel cost reductions
Following new plunges in fuel prices, a Consumer Price Index (CPI) in Jan forsaken by 0.2 percent opposite that of Dec 2014, a record low over a final 10 years.
The index, however, represented an annual benefit of 0.94 percent, according to a General Statistics Office (GSO).
The steepest dump of 3.96 percent was seen in ride cost due to reduce petroleum prices. This accounted for 0.35 percent of a Jan tumble in CPI, pronounced Deputy Director of a GSO’s Price Statistics Department Do Bich Ngoc.
Housing and building materials showed a 1.09 percent diminution in prices, while post and telecommunications services costs slipped by 0.07 percent.
Other commodity groups in a cost corner saw rises trimming from 0.13 – 0.53 percent with a lowest boost during 0.08 percent seen in preparation services.
Ngoc pronounced a fuel cost reductions also left a impact on a costs of food, tying their enlargement this month during a low 0.28 percent even nonetheless food prices customarily arise towards a Lunar New Year, a many critical festival in a year.
The GSO forecasted Feb CPI will be fast or even tumble somewhat compared to a before month.
Ho Chi Minh City sees clever enlargement in January
Ho Chi Minh City had a good start for 2015 with clever and fast enlargement in January, listened a unchanging assembly on Jan 23 of a metropolitan People’s Committee.
As of Jan 20, a city captivated 363.8 million USD in unfamiliar approach investment (FDI), that was poured in 23 new and 8 underway projects. The collateral volume was 15 times aloft than a same time final year’s figure, pronounced Thai Van Re, Director of a metropolitan Department of Planning and Investment.
Domestic investment also saw certain signs, with over 14.3 trillion VND (672.1 million USD) invested in internal enterprises, he noted.
During a month, 1,386 new firms was protected with a sum purebred collateral of over 5.6 trillion VND (263.2 million USD) and 2,391 internal enterprises poured a sum additional 8.7 trillion VND (498.9 million USD) into their business.
Le Hoang Quan, Chairman of a metropolitan People’s Committee commented that a swell in January’s FDI showed that investors were assured of a city’s investment environment.
In 2015, Ho Chi Minh City will essay to attract some-more FDI collateral than final year’s 3.2 billion USD, he said, adding that this will pave a approach for a city to do a devise for a subsequent 5 years.
At a same time, industrial enlargement in Jan was substantial with a 9.2 percent arise year on year, pronounced Re, adding that an estimate 10 percent boost were seen in all 4 vital industrial sectors of prolongation and mechanics, electronics, chemicals-rubber-plastics, and food processing.
In February, as partial of efforts to prepared for a arriving Lunar New Year (Tet), a city will hurl out a array of measures to safeguard products supply and cost fortitude during a holiday, that will final from Jan 15-23.
Local enterprises have stocked 15.84 trillion VND (744.48 million USD) value of goods, with a idea of gripping prices fast on a occasion.
Director of a Finance Department Dao Thi Huong Lan pronounced a city will spend about 600 billion VND (28.2 million VND) to assistance disadvantaged people applaud a comfortable Tet holiday.
In sequence to say a fast growth, Chairman Quan asked all departments and agencies to continue stealing problems for businesses in an effective and timely manner, while strengthening control over prices and ensuring products supply during Tet holiday.
US business village urged to coax Vietnam-US ties
Vietnamese Ambassador to a US Pham Quang Vinh called on American businesses to tie links with Vietnamese counterparts to minister to enlargement in common mercantile and trade relations.
During his assembly with member of a US business village in Washington DC on Jan 22, Vinh praised their contributions to normalising a ties between a dual sides in a past.
He sensitive participants about new achievements in Vietnam-US relations, generally in economics as a value of trade between a dual nations strike 35 billion USD in 2014. He also highlighted Vietnamese policies and developments compelling mercantile growth, generally a efforts to renovate, restructure, and brace a inhabitant economy.
The dual nations will work closely in 2015 in honour of a 20 th anniversary of their tactful ties, a diplomat said.
President of a US-ASEAN Business Council (US-ABC) Alexander Feldman and Vice President of a US Commercial Chamber (USCC) Tami Oberman stressed that a US business village has clever certainty in Vietnam’s mercantile enlargement prospects and demeanour brazen to certain impacts brought about by a Trans-Pacific Partnership Agreement.
They pronounced a array of US companies intend to raise their marketplace to settle partnerships with Vietnamese firms and minister to fostering Vietnam-US relations.
Dorothy Dwoskin from a Microsoft Corporation pronounced her association is accelerating a restructuring of a investment activities in Vietnam.
Motorbike sales continue to fall
Despite a launch of new motorbike models and promotions, a array of motorbikes sole continues to fall, a Dau Tu (Investment Review) journal reports.
The Vietnam Registration Agency pronounced some-more than 2.9 million motorbikes were purebred final year, while a figure was 3.272 million in 2013, 3.282 million in 2012 and 3.671 million in 2011.
Among a purebred motorbikes final year, many of them were for unfamiliar destined investment enterprises (2.643 million) and were vast formula names like Honda, Yamaha, Piaggio, Suzuki and VMEP. Only 272,000 purebred motorbikes were finished by 10 domestic businesses.
The marketplace has reached a superfluity point, as sales have plummeted.
Motorbike businesses wrongly insincere that 2014 would be a splendid year for sales.
Wang Chinh Tung, General Director of VMEP Co, pronounced a association approaching aloft sales given a country’s GDP had been foresee to arise in 2014.
Ono Masaru, General Director of Yamaha Vietnam , pronounced in a past year, a association implemented 300 programmes to launch and foster new products to customers.
The biggest player, Honda Vietnam, also launched many new models with a array of promotions to kindle demand.
However, discordant to their expectations, turnover continued to fall, heading to lowered production.
Motorbike sales will continue to fall, experts have predicted.
Food Ingredients Vietnam expo to be reason in HCM City
Some 150 companies from 20 countries will attend in a second Food Ingredients Vietnam muster in HCM City from May 20 to 22.
They will showcase many kinds of mixture with a categorical aim of provision to Vietnamese companies.
According to a organiser, UBM Asia, a initial muster reason final year was really successful.
While final year many of a mixture on uncover associated to flavours and colours, this year there will be some-more health-related mixture and halal food, pronounced a UBM.
“Four thousand visitors are approaching to revisit a exhibition,” it said, adding that this year will see a participations of Chinese companies and others from a EU and ASEAN.
The organiser is anticipating that with many of a companies now meaningful any other after final year, a second eventuality will be some-more successful.
Apart from displaying products and team-work opportunities, a eventuality will also underline exhibitions and seminars about a food sector.-
Phu Quoc Island strives to attract some-more foreigners
Phu Quoc, also famous as a Pearl Island and located in Vietnam’s southwest waters, is operative to attract some-more unfamiliar tourists as a array of Russian visitors has been plummeting in a region.
Phu Quoc is a largest of a 27 islands that form a Phu Quoc district of Kien Giang province.
Since Feb 2014, a Anh Duong Tourist Company in Ho Chi Minh City and a Pegas Touristik Company in Turkey have been handling approach flights from Russia to Phu Quoc to inspire unfamiliar visits to a island.
The array of tourists, including Russian tourists, to Phu Quoc rose neatly in 2014, pronounced Phung Xuan Mai, General Director of a Saigon-Phu Quoc Joint Stock Company, adding that a approach moody use was charity weekly with some-more than 200 seats on any flight.
The Pearl Island welcomed over 586,000 tourists final year, representing a yearly boost of 37.6 percent, and including scarcely 125,000 foreigners – a 21.5 percent increase.
The island also posted an 84.28 percent ride in a tourism income final year to over 2.2 trillion VND (104.76 million USD), according to a People’s Committee of Phu Quoc district.
Vice Chairman of a cabinet Huynh Quang Hung attributed a success to a array of distinguished events reason on a island in 2014, such as a Khat vong tre (Youth Aspiration) art programme and a Miss Vietnam beauty pageant, as good as a rising of new ubiquitous approach flights and vital tourism facilities.
To make adult for a diminution in a array of Russian tourists, a district authorities have finished estimable efforts to foster a island to ubiquitous ride companies from Asian and European countries, Hung said. In addition, internal businesses in a liberality attention also offer several discounts on room and use prices.
Gregory Consyn, Manager of a Shells Resort and Spa in Phu Quoc, pronounced his trickery has an array of special offers, such as discounts on rooms, giveaway sauna services, and dusk parties. The examination is now focusing on attracting travellers from Japan and a Republic of Korea and looks brazen to additional moody routes joining a island and ubiquitous destinations.
At present, Phu Quoc Island offers some-more than 4,000 hotel bedrooms that can accommodate 7,000-8,000 guests. A array of hotel and examination construction projects are now underneath approach in an try to support to tourism final and position a island towards apropos an ubiquitous tourism hub.
Supervisory indication on open investments infer effective in Quang Nam
A community-based indication for supervising open investment has valid a efficacy in shortening crime and wastefulness, subsequently shortening associated complaints and petitions in executive Quang Nam province.
The outcomes were common during a seminar on Jan 23 in Quang Nam that was reason to examination a operation of a model, a prize-winning beginning in a 2011 Vietnam Anti-corruption Initiatives (VACI) and was carried out with appropriation from a World Bank and a Government Inspectorate.
The Quang Nam provincial investigation dialect has set adult 102 village monitoring play with over 2,000 members opposite 6 districts and towns given 2011. Members of a house are volunteers from a internal Vietnam Fatherland Front chapters. They all underwent training courses to improved bargain with real-life situations of open work construction projects.
The play monitored 558 construction projects in their localities in 2014 and rescued 96 law defilement cases that were shortly reported to applicable agencies.
Participants during a seminar hailed a boards’ feat in enhancing clarity and strengthening democracy during grassroots level.
In 2015, a range skeleton to raise a indication to 12 other districts and towns.
The macadamia bulb is abounding in Vietnam
More than 2,000 member of a macadamia bulb attention collected during a nation’s initial ever uncover showcasing it on Jan 24 during a Long Vu Place in Hanoi.
Organizers of a eventuality were all smiles to see a nation’s tasty tawny bulb take centre theatre during a uncover and a improved than approaching audience for a event.
At a event, attention leaders, scientists, growers and producers reason dialogues directed during defining destiny orientations for a attention in Vietnam and measures indispensable to coax augmenting investment in it.
The nation is set to furnish 200,000 tons of bulb and beget trade value value billions of US dollars by 2025 and beyond.
The macadamia bulb is mostly called a ‘the Queen of Nuts’ due to a good ambience and superb nutritive value. The plant, inland to Australia, was introduced to Vietnam in 2002 by Former Deputy Prime Minister Nguyen Cong Tan.
Germany, Vietnam step adult cultivation cooperation
Vietnam and Germany have concluded to step adult team-work in rural vocational training and sealed an agreement to that outcome on Jan 23 during an ongoing ubiquitous trade satisfactory in Berlin.
Signatories to a agreement were President of a Vietnam Farmers’ Association Nguyen Quoc Cuong and President of a German Farmers’ Union (DBV) Joachim Rukwied.
The signing rite was also attended by Vietnamese Ambassador to Germany Nguyen Thi Hoang Anh and DBV representatives.
At a ceremony, Cuong spoke glowingly of a profitable assistance supposing to Vietnam by a German supervision and a DBV in before team-work agreements, that has been instrumental in assisting farmers.
Cuong remarkable a newly-signed agreement for a duration 2015-2017 comes during a time when both nationsare celebrating a 40th anniversary of common tactful ties and enjoying cultivatable family in a horde of fields.
For his part, Joachim Rukwied pronounced a Vietnamese and German governments are bound supporters of common rural team-work adding that a agreement focuses on vocational training for both farmers and rural experts.
Korean business invests in high-quality rice prolongation in Tay Ninh
A Korean business has motionless to deposit VND20 billion in a enlargement of a high-quality rice cultivation area in a southwestern range of Tay Ninh.
A chit of bargain (MoU) was sealed on Jan 22 by Vietnam Moc Bai corner batch association underneath a Republic of Korea’s Taekwang organisation and Tay Ninh Department of Agriculture and Rural Development (DARD).
Accordingly, a comment will be used to build dykes, irrigation complement and gain machines and equipment.
Tay Ninh range will spend some-more than VND6.4 billion on building a storage area and a explosve and cave clearway project.
DARD Vice Director Nguyen Thai Son pronounced experts and technicians will assistance farmers arise a complicated rice cultivation indication to pierce about tip efficiency.
In 2010 Taekwang Group invested in building a Nike sports boots bureau in Moc Bai Economic Zone in Tay Ninh range with an annual ability of 10 million pairs of boots and has employed 15,000 internal workers.
It is also building a 100ha mantle industrial section and skeleton to arise a hi-tech unfeeling cultivation section on 20ha in Phuoc Ninh commune, Duong Minh Chau district.
Trade necessity hits US$522 million in initial half of January
Vietnam’s sum imports and exports in a initial half of Jan augmenting by 6.2% to US$12.11 billion compared to a same duration final year, according to a General Department of Vietnam Customs.
However, comparing with a second half of Dec 2014, a trade change purebred a necessity of US$522 million, accounting for some-more than 9% of sum exports revenue.
Vietnam warranted US$5.79 billion from exports, down 2% (around US$115 million) opposite a same duration final year.
Products saw diminution in trade enlargement including means of transport, tools, seafood, wanton oil, rice and petroleum. Meanwhile some products enjoying high trade enlargement were telephones and components, computers, wiring and components and footwear.
Foreign approach investment (FDI) businesses fetched US$3.92 billion from exports, an boost of 3.8% opposite a same duration final year and accounting for 68% of sum trade revenue.
HCM City targets swell in sell sales
The HCM City is eyeing a 12-14 per cent boost in sell sales and services this year to VND740.55 trillion (US$34.75 billion), according to a metropolitan Department of Industry and Trade.
It has also set a aim of $34.95 billion from exports, an 8-10 per cent boost over final year, Le Van Khoa, a executive of a department, told a examination assembly yesterday.
Exports, incompatible wanton oil, were value $27.89 billion final year, a year-on-year boost of 12 per cent, with shipments of industrial and processed products augmenting significantly from before years, he said.
The city would essay to safeguard offset trade and forestall unenlightened imports, generally of oppulance goods.
The city would take measures to safeguard acceleration is reduce than a inhabitant figure and to speed adult restructure of a industrial section so that it can play a larger purpose in a tellurian value chain, Khoa said.
Amending zoning skeleton so that industrial parks and estimate zones and industrial clusters specialise in certain industries, upgrading normal markets, ensuring supply and approach are matched and strengthening marketplace slip are also on a cards for this year, he said.
It would commence programmes to solve problems faced by companies and assistance them sell some-more in both domestic and unfamiliar markets, he said.
There would be concentration on building ancillary industries to boost internal calm in industrial products, he said.
Deputy Minister of Industry and Trade Do Thang Hai hailed a efforts finished by a city’s industrial and sell sectors final year.
He urged a city to exercise measures to assistance businesses raise investment and trade and confederate some-more with a tellurian economy.
He also suggested that it should urge a potency of a programmes like cost stabilisation and Vietnamese people prioritise regulating made-in Viet Nam products and those to strengthen links between banks and businesses.
Business opinion upbeat with reduction firms closing
The array of enterprises going out of business in Jan was 10 per cent reduce than in a same duration final year.
This diminution in closures indicates that HCM City-based enterprises were prospering, according to sum expelled by a City’s Department of Planning and Investment during a assembly reason on Friday, Jan 23.
Meanwhile, licences postulated to newly-established internal enterprises, and for operational projects seeking collateral enlargement in HCM City, rose 33.2 per cent compared with Jan 2014, Thai Van Re, Director of a HCM City Department of Planning and Investment told member during a assembly to examination January’s socio-economic developments in HCM City.
According to a news expelled by a HCM City People’s Committee, in Jan a city government protected 23 new unfamiliar approach investment (FDI) projects with sum purebred collateral of scarcely US$330 million, adult 53.3 per cent in a array of projects and a 15-fold boost in investments.
In addition, 8 operational projects were protected for collateral enlargement of $34 million.
Further, a Chairman of HCM City People’s Committee, Le Hoang Quan, pronounced sum FDI issuing into HCM City is approaching to boost from $3.25 billion in 2014 to $3.5 billion this year.
In a past few years, unfamiliar investment in HCM City has been focused on sectors such as mechanics, electronics–IT, chemicals and food processing.
“The city government will emanate enlightened conditions for investors in HCM City,” pronounced Quan.
Additionally, a Director of HCM City Finance Department, Dao Lan Huong, pronounced revenues from taxation payments for a city’s bill reached VND26 trillion, over US$1.2 billion, adult 29 per cent compared with a same duration final year.
The rising budgetary revenues prove a “good health” of HCM City-based businesses, pronounced Huong, as quoted by Sai Gon Giai Phong (Liberated Sai Gon) newspaper.
Tet gifts strike markets opposite HCM City
Supermarkets, markets and shops in HCM City are charity several kinds of Tet (Lunar New Year) benefaction hampers to accommodate a approach from businesses as good as particular customers.
Saigon Co.op, that runs Co.opmart supermarkets, is charity hundreds of varieties of hampers during prices trimming from VND59,900 to VND1.7 million (nearly US$80).
For a initial time it has launched a giveaway benefaction smoothness services to receivers in any range and city where a stores are located underneath a “Tet Viet gan ket moi nha” (Vietnamese Tet connects any home) programme.
South Korean supermarket sequence Lotte Mart has benefaction baskets during prices trimming from VND99,000 to VND4 million ($187).
French supermarket Big C is charity benefaction baskets and boxes labelled during VND59,900-1.7 million.
Traders during normal markets like Tan Dinh, Thi Nghe, and Ba Chieu also have several kinds of Tet gifts. Nguyen Thu Van of Thi Nghe Market approaching sales to boost strongly from a center of a lunar month that falls on Feb 3. Tet is on a Feb 19.
All of them especially enclose confectionery, tea, coffee, H2O melon seeds, wine, seasoning, and cooking oil.
Le Ngoc Dao, emissary executive of a city Department of Industry and Trade, pronounced companies are prepared to supply adequate products for a nation’s biggest holiday, and approaching supply to boost by 10-30 per cent over final year.
“There will be no necessity of products or cost surges unexpected during Tet, while products peculiarity will be particularly controlled,” she said.
Nguyen Thi Hanh, ubiquitous executive of Saigon Co.op, pronounced Saigon Co.op would boost supply of essential products by dual or 3 times from normal months to safeguard there is no shortage. It is also set to boost supply of specialties from several tools of a nation — like Thanh Oai orange, Dien pomelo from Ha Noi, Phan Thiet dragon fruit wine, Ca Mau dusty shrimp, and plum wine.
Besides, it would offer discounts of adult to 50 per cent on some-more than 4,500 products and organize 140 sales trips to a city’s remote districts and industrial parks and trade estimate zones, Hanh said, adding that it is co-operating with a Fatherland Front in districts to give divided some-more than 7,500 gifts to disadvantaged families for them to suffer Tet.According to Lotte Mart, prices in ubiquitous are not many opposite compared to final Tet.
New refinery enclosed in oil sector’s plans
Prime Minister Nguyen Tan Dung has motionless to embody a Victory-Nhon Hoi petrochemical and oil refinery devise in skeleton for a country’ petrol sector.
The US$22 billion devise is listed among a projects receiving priority from a Government, reported a news site vnexpress.
The US$21.5-billion Victory project, to be located in Binh Dinh’s Nhon Hoi Economic Zone, is to be saved by a Petroleum Authority of Thailand (PTT) and a vital partner, a Saudi Arabian oil association Saudi Aramco.
The Government has given a curtsy in investment priorities to a project, that were suggested by a province’s leaders and a Ministry of Finance.
In a meeting, reason final week between internal authorities and leaders of ministries on sectors to plead issues associated to a project, Chairman of Provincial People’s Committee Ho Quoc Dung pronounced he would work with PTT’s member to finish a investment licence, that is scheduled to be released in Feb this year.
Accordingly, a Nhon Hoi devise will suffer enlightened assistance in formidable regions, high-tech industrial zones and mercantile zones. For instance, a craving income taxation for a Nhon Hoi devise will arise to 10 per cent in 15 years. The devise will also suffer a tax-free standing for a initial 4 years, while taxes for a subsequent 9 years will be reduced by half.
Further, a project’s financier proposes to extend a enterprise’s income taxation of 10 per cent to 30 years, that will be deliberate during a time of funding. Also, a devise will be exempted from land leasing taxes and a taxation on alien wanton oil, as good as on imports of machine and apparatus that are not done domestically.
When a refinery comes into operation in 2017, a products will also be sole in Viet Nam. Yet, a Government has set no specific taxation on a importation of a Nhon Hoi factory’s products.
The project’s initial proviso is estimated to be valued during $21.5 billion to furnish some 400,000 barrels per day.
Viettel discussion links telecoms
Nearly 500 leaders and best employees of military-run telecommunications group, Viettel, attended and presented papers on over 20 topics associated to a telecommunications attention during a discussion here on Thursday.
The telecommunications conference, patrician “Viettel Global Experience Sharing Conference”, combined an event for Viettel’s employees from opposite a universe to accommodate and share their practice in handling and conducting their telecom business.
Employees participating in a discussion arrived from Viet Nam, Laos, Cambodia, and Timor Leste, as good as Haiti, Peru, Mozambique, and Cameroon. Also benefaction were employees from Tanzania and Burundi.
The discussion was divided into 5 workshops covering opposite subjects: business, technology, infrastructure, and information technology, as good as management.
This discussion outlines a initial time that a multinational organisation from Viet Nam has hosted a tellurian programme that gathers telecom operators from 10 countries. It provides Viettel a event to deliver Viet Nam and a strengths of Vietnamese companies to a ubiquitous friends. Viettel, a largest mobile user in Viet Nam, is now proof a cunning in a tellurian telecommunications industry, with many of a abroad subsidiaries personification heading roles in their particular markets, both in terms of record and business. Viettel has been gaining believe and knowledge in several fields by a investments and by doing business in opposite countries.
The group’s sum income in unfamiliar countries final year rose 25 per cent, reaching US$1.2 billion, while a distinction was $115 million, posting a 25 per cent year-on-year increase.
Viettel has practical for a looseness and auction capitulation to deposit in several African and East European countries. Investing in unfamiliar countries has been one of Viettel’s 3 categorical priorities. It aims to turn a tellurian association that ranks among a tip 20 telecommunications groups in a world. Company officials design to accept 20-25 investment licences for an abroad telecommunications network that will yield services to 500-600 million people by 2020.
The Ministry of Information and Communications has recently authorized a serve of series “1″ to a “096″, “097″ and “098″ prefixes in mobile phone numbers operated by Viettel.
The pierce follows a ministerial preference on allocation of telecom codes and numbers.
With a serve of one digit, Viettel will have some-more 3 million 10-digit mobile phone numbers. With 11 mobile phone prefixes, Viettel, with 87 million phone numbers, becomes a largest owners of mobile phone numbers in a country, of that 27 million are 10-digit numbers and 60 million 11-digit ones.
On Dec 22, 2014, a method released Circular No 22/2014/TT-BTTT about formulation a country’s telecommunication numbers. The round will take outcome on Mar 1.
The method pronounced that a devise is being implemented given bound phones were on a diminution while mobile phones’ marketplace was expanding. The bound phones have 7 series prolonged prefixes while mobile phones have two. However, bound phones comment for about 5 per cent while mobile phones make adult for about 95 per cent of a sum Vietnamese subscribers.
Therefore, a method has motionless to yield 8 prefixes for mobile phones and usually one for bound line that can lead to a change in area codes. All 11-digit phone numbers of mobile network operators will be remade into 10-digit ones. The change in area formula will be implemented within dual years.
Central bank good set to keep forex rate underneath 2 pct: experts
Experts pronounced a State Bank of Viet Nam will attain in gripping a Vietnamese dong-US dollar sell rate from vacillating to next 2 per cent this year.
Some have been endangered that a fortitude pointy tumble in oil prices, that is one of Viet Nam’s pivotal trade staples, will negatively impact unfamiliar banking supply and demand.
However, a emissary executive of a Central Institute for Economic Management, Vo Tri Thanh pronounced during a discussion on Thursday that a executive bank will successfully keep a unfamiliar sell rate from vacillating to next 2 per cent, overdue to supply and approach of a country’s unfamiliar banking sources, as good as a executive bank’s cunning in successfully handling a forex marketplace for a past few years.
Thanh combined that Viet Nam’s unfamiliar banking pot have now strike a record high of roughly US$35 to 38 billion, while change of payments this year are foresee to have reported a over-abundance of roughly $7 to 8 billion.
However, Thanh remarkable that it will be critical to see how a executive bank adjusts a rate to stabilise a forex market, while avoiding negatively inspiring other indices.
The Bao Viet Securities Co. (BVSC) also foresee this week that a forex marketplace will sojourn fast in 2015 as well.
The binds association anticipates a sell rate of a dong opposite a dollar to change between VND21,600 and VND21,800 compartment a finish of this year.
The forex marketplace will still knowledge ‘rising waves.’ However, a executive bank will successfully meddle to keep a sell rate fluctuation within a set target.
Trust in a executive bank’s successful policies formulated over a final dual years has also helped a executive bank govern a policies some-more effectively, BVSC said.
However, BVSC pronounced a executive bank could cruise a devaluation of a dong opposite a dollar and exercise a devaluation with a certain timeline, in a bid to boost a competitiveness of Vietnamese exports.
Textile organisation enjoys successful IPO
Minh Khai Textile successfully sole 1.6 million shares, or a 51.5 per cent stake, during a initial open charity (IPO) yesterday during a normal cost of VND71,990 (US$3.4).
Remarkably, a starting cost was usually VND10,100 ($0.47).
The auction captivated 30 investors, whose registration volume after climbed to 26.8 million shares. The buyers were 3 particular investors, who paid VND118.7 billion ($5.57 million) for a shares.
Minh Khai Textile’s looseness collateral after a IPO is VND32 billion ($1.5 million).
Tien Bo Group to list on HNX
Construction association Tien Bo Group will list 3.5 million shares on a Ha Noi Stock Exchange from Jan 26. The shares, coded TTB, will be traded from a starting cost of VND15,000 ($0.7).
The organisation warranted a distinction of VND11.7 billion in 2014 and skeleton to compensate money dividends during 7 per cent and buy shares during 7.5 per cent for a year. It also expects to lift a looseness collateral to VND105 billion after listing.
Auction of five-year binds raises $428.57 million
The State Treasury lifted VND9 trillion (US$428.57 million) by a auction of five-year binds in January.
It mobilised VND6 trillion during a clever seductiveness rate of 5.9 per cent during a Jan 22 bid, 0.11 commission prove reduce than a seductiveness rate available during a Jan 15 session.
The organisation pronounced it skeleton to emanate about VND70 trillion ($3.33 billion) value of binds in a initial entertain of this year. Of this amount, VND55 trillion is approaching to be in five-year bonds, VND10 trillion in 10-year binds and VND5 trillion will be denominated in 15-year bonds.
Vinamilk squeeze of tender divert soars by 20 per cent
Viet Nam Dairy Products Joint-Stock Co purchased scarcely 12 million kg of uninformed divert from farmers in a initial 19 days of a year, an boost of 20 per cent over a same duration final year.
At slightest 7.5 million kg were bought from HCM City and beside provinces, an boost of 11 per cent.
The tip enlargement of 71 per cent was from Binh Dinh and Lam Dong provinces.
Vinamilk has purchased 60 per cent of tender uninformed divert from farmers nationwide. The array of plantation households delivering high peculiarity divert will be paid some-more than VND14,000 per kg. The association pronounced these households accounted for some-more than 50 per cent. Vinamilk also committed not to diminution divert purchasing and a cost if a divert peculiarity meets a company’s requirement. Vinamilk pronounced it would assistance farmers boost a peculiarity of tender milk.
Vingroup gets go brazen for subterraneous parking lot study
The HCM City authorities authorised Vingroup to control a investigate of a subterraneous parking lot devise in Tao Dan Park in a city’s District 1 early this week.
Vingroup skeleton to build a devise on a build, work and possess (BOO) basement with a possess investment in 6 months.
However, if Vingroup is not comparison as a investor, fails to finish a investigate or contention a feasibility study, a organisation contingency compensate all fees of a investigate themselves, while a city will cruise Vingroup to be out of a project.
In Nov 2014, a State-owned construction company, Viet Nam Urban and Industrial Zone Development Investment Corporation (IDICO), withdrew from a devise due over financial issues.
Under a investigate finished by IDICO, a construction of a lot will cost VND1.43 trillion (US$67.1 million). The five-storey, 70,211sq.m parking area will enclose 1,050 cars, 10 buses and 2,500 motorbikes.
New peep storage options
SanDisk Corporation, a tellurian personality in peep storage solutions, has launched a latest innovations in Viet Nam.
The offerings embody a world’s higest 512GB memory card, a SanDisk Extreme PRO SDXC UHS-I for video and print capture, and a world’s fastest and high ability microSD memory card, a 64GB SanDisk Extreme PRO microSDXC UHS-I.
Dinh Quang Trong, SanDisk’s nation arch for Viet Nam, pronounced Viet Nam is an critical and vital marketplace for his association given approach for consumer wiring is fortitude to grow and many consumers are looking for memory solutions.
FPT devise in Myanmar
Viet Nam’s FPT Information System Company (FPT IS) recently began implementing SAP craving apparatus formulation (ERP) solutions for Myanmar’s United Paint Group Co, Ltd (UPG).
This is a initial ERP devise that a Vietnamese organisation has carried out in Myanmar.
Within 7 months, FPT IS will lift assistance emanate subsystems for prolongation management, product purchasing and sales, along with storage, accounting and a intelligent stating system. The doing of a program will raise UPG’s supervision capacity.
Maritime section to concentration on private funding
The Ministry of Transport will serve inspire investment from a private section for infrastructure projects in a nautical attention as a State will comment usually inhabitant counterclaim and confidence projects.
The Minister of Transportation Dinh La Thang finished this proclamation on Wednesday during a assembly on directing a doing of a devise to mobilize private investment for nautical infrastructure projects going forward.
Do Duc Tien, a emissary conduct of a Maritime Department, pronounced in January, that a dialect will shortly list nautical infrastructure projects that need investment from a private sector.
The list has 41 projects for a 2015 to 2020 period, with a sum investment of VND43 trillion (US$2 billion), including 10 projects for building shipping flows/routes, 19 projects for building seaports, 3 projects for building an electronic nautical complement and 9 projects for constructing safe-anchorage sites for boats during charge season.
Many investors have committed to deposit a sum of VND7 trillion for some of these projects, he forked out.
During 2015 to 2016, investors have so distant purebred to deposit in a enlargement of 3 other projects, including a devise for building a upsurge for vast ships to and from a Hau River, that will need a sum collateral of VND2.7 trillion, a devise for building a Tho Quang upsurge for 10,000-DWT ships, with a sum collateral of VND126 billion and a devise for upgrading a Nghi Son upsurge for 50,000-DWT ships with a sum collateral of VND300 billion.
Thang pronounced private investors now reason 75 to 80 per cent of a sum investment collateral in a nautical sector, while a remaining of 20 per cent comes from a State.
The Lach Huyen pier will be a final infrastructure devise in a nautical section to have state investment, he combined as nautical infrastructure projects from now on will engage private investment.
The State will usually deposit in nautical projects that do not need investment from private investors and that are directed during ensuring inhabitant counterclaim and security, Thang explained.
However, Thang pronounced a managerial purpose of a State in all these projects is not transparent yet.
The state offices contingency analyse investors’ reasons for investing in a sector, a advantages and disadvantages of investment activities in a sector. The state bureau will also yield solutions for formulating enlightened conditions for investors to deposit in a nautical section given a section needs substantial investment collateral for development.
Piaggio Vietnam recalls 630 inadequate scooters
Piaggio Vietnam, a auxiliary of Italy’s Piaggio Group, one of a world’s heading manufacturers of scooters and motorbikes, on Jan 24
announced to remember scarcely 630 alien CKD scooters in a Vietnamese market.
Recalled scooters embody Piaggio Beverly 125, Vespa GTS 125 and Vespa LXV 125.
According to dantri newswire, from Jan 23, a association started to check and reinstate scooters’ rotors for giveaway in all nation-wide customer use centres. It takes from 40 to 90 mins for a replacement.
Those 630 scooters were done from May 13, 2009 to Aug 31, 2010 and a reason for a remember was a problem in a scooters’ rotors could make tough to start a engine or in a risk to make a engine unexpected stop when a scooters are used for a prolonged time and invariably in a too prohibited heat condition.
Despite a fact that there was not any reported box in a Vietnamese marketplace so far, Piaggio Vietnam motionless to make a recall, the association said.
PVI, PVcomBank determine on extensive co-operation
The PetroVietnam Insurance Corporation (PVI) and a Viet Nam Public Bank (PVcomBank) sealed a extensive co-operation agreement during a bank’s domicile on Jan 21.
The dual parties committed to providing and regulating any other’s services, including deposits, remuneration comment supervision and collateral arrangement, along with financial consultancy and particular and corporate finances.
They also concluded to sell business information and try investment opportunities during home and abroad.
The dual reliable that this co-operation will assistance safeguard postulated enlargement for both sides, in line with a ubiquitous enlargement trend seen in Vietnamese enterprises.
PVI is an associate of a Viet Nam Oil and Gas Group (PetroVietnam) and among a heading industrial word companies in Viet Nam. It represents scarcely all of a appetite word market, about 30 per cent of a sea word market, and around 40 per cent of a skill and engineering word sector.
PVcomBank binds VND9 trillion (US$428.57 million) in equity and scarcely VND100 trillion ($4.76 billion) in sum assets. PetroVietnam owns 52 per cent and vital shareholder Morgan Stanley binds 6.7 per cent of a bank’s equity.
VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
Article source: http://english.vietnamnet.vn/fms/business/122031/business-in-brief-27-1.html