Companies

A campaign entitled “Enterprises commit to protect consumers” was launched in Hanoi on April 7, delivering the message of “Healthy business – sustainable consumption”. Enterprises sign deals to protect consumers - Credit: giaoducthoidai.vn The campaign is held by the Vietnam Consumers Protection Association with the aim of raising the role and responsibility of enterprises to consumers and creating a healthy business environment. More than 700 volunteers, who are members of the Consumers Club, and more than 20 food enterprises participated in a parade along the Hoan Kiem Lake, conveying the message of “Healthy business – sustainable consumption”. The “Enterprises commit to protect consumers” campaign is an open activity which is expected to attract more and more enterprises to sign deals to ensure the most basic rights of consumers, such as health safety and providing accurate and complete information about the … [Read more...] about Enterprises join hands to protect consumers’ rights

The US Department of Commerce (DOC) has announced preliminary antidumping duty levels applied for Vietnamese shrimp during the 13th review period (POR13), under which 31 Vietnamese firms can enjoy a 0% antidumping tax rate, the Vietnam Association of Seafood Exporters and Producers (VASEP) said on April 10. 31 Vietnamese shrimp exporters can enjoy a 0% antidumping tax rate - Illustrative image The DOC has preliminarily concluded that the frozen warm water shrimp products of the two mandatory defendants, Sao Ta Foods JSC (Fimex VN) and Nha Trang Seaproduct Company, did not dump the US market in the period from February 1, 2017, to January 31, 2018. Therefore, the preliminary tax for the two companies is 0%. Twenty-nine other Vietnamese companies that applied for different tax rates or pledged no shipments to the US within the aforementioned period will also enjoy a 0% tax rate. This preliminary tax rate is a solid foundation for Vietnamese firms to achieve the lowest possible … [Read more...] about 31 Vietnamese shrimp exporters free from US antidumping duties

ShopBack, the one-stop rewards and discovery platform, has secured US$45M in its latest funding round. The new capital injection brings the company’s total funding to US$83M. New investors include co-leads EV Growth and Rakuten Capital, as well as EDBI, a government-linked strategic investor, along with other existing investors. Amit Patel, CEO Ebates, Inc., a Rakuten company, and Willson Cuaca, Managing Partner of EV Growth, will join ShopBack’s Board of Directors. Apart from rewarding users with cashback for making online purchases, ShopBack has created many features to improve users’ buying experiences. Its latest product, ShopBack GO, helps users discover and decide where to eat while saving them time and money. Launched in partnership with Visa and Mastercard, ShopBack GO enables users to dine out and get paid. The product also empowers F&B operators to make better business decisions with data insights powered by ShopBack. In 2018, ShopBack saw 250% … [Read more...] about ShopBack raises US$45M to power smarter purchase decisions

The first quarter of 2019 saw a peak in the number of newly-registered enterprises and those returning to operations, according to the latest data from the General Statistics Office of Vietnam (GSO). There were 28.451 newly-registered enterprises with a total capital of VND375.5 trillion for the first quarter of 2019 - Photo: NDO Accordingly, in March, the country saw 12,472 newly-established enterprises with a registered capital of VND128.1 trillion (over US$5.5 billion), an increase of 111.4% in number and 33.1% in the registered capital compared to the previous month. The total number of registered workers of newly-established enterprises was at 153,700, up 174.1%. Also in March, there were 4,877 enterprises returning to operations, increasing 179.2% compared to February, while 1,373 registered to suspend business for a definite time, down 51.4%. For the first quarter of 2019, there were 28.451 newly-registered enterprises with a total capital of VND375.5 trillion (over … [Read more...] about Q1 witnesses high increase in number of newly established enterprises

The Directorate of Fisheries, under the Ministry of Agriculture and Rural Development (MARD), held a ceremony in Ha Long city, Quang Ninh province, on March 31 to mark the 60th anniversary of its establishment and to receive the Labour Order (first class). Deputy PM Trinh Dinh Dung presents Labour Order, first class, to the Directorate of Fisheries Addressing the ceremony, Deputy Prime Minister Trinh Dinh Dung acknowledged and praised achievements of the fishery sector over the past 60 years. He noted that the fishery sector has made strides in offshore seafood exploitation, contributing to protecting national sovereignty over sea and islands while expanding export markets. The government official said that the fishery sector is considered a strategic production sector which should be modernised to become a sector with sustainable development, capable of competing and integrating into the international economy. The sector is also expected to gradually enhance income for … [Read more...] about Directorate of Fisheries honoured with first class Labour Order

(VEN) - Everyone is bracing for the hot summer season. Escape the heat with these cool deals from Emirates. Book early with special fares available until 22 April 2019 and save for travel from 15 April until 30 November 2019. The savings stretch even further with Emirates’ Economy Flex and Flex Plus fares, allowing travellers to benefit from up to 35kg of free baggage allowance, perfect for those planning a long excursion or shopping holiday. Economy Class fares start from VND 17,189,000. Below are some of the featured destinations and the starting from fares. Airfares are inclusive of taxes and surcharges and are subject to currency fluctuation. Other terms and conditions apply. Destination Economy Flex Fares from (VND) Dubai 17,189,000 Paris 19,999,000 London 21,809,000 New York 23,209,000 Amsterdam 23,819,000 Madrid 25,189,000 Boston 27,179,000 Manchester 27,369,000 In addition, Emirates passengers from Vietnam who … [Read more...] about Enjoy sweet journeys with Emirates’ Early Bird promotion

The Vietnam Rubber Group (VRG) has reported that it tapped over 25,400 tonnes of rubber latex from its farms on a total area of 22.64ha in the Cambodian province of Kampong Thom in 2018.  A rubber forest. Illustrative image - Source: VNA During a ceremony reviewing the VRG’s rubber tree planting project in the province on March 27, the group said its eight subsidiaries operating in Kampong Thom sold 25,766 tonnes of latex the same year, earning profit of more than 39.4 billion VND (1.7 million USD). The report said the Vietnamese rubber firms have contributed to generating jobs in the Cambodia province; building roads, schools, medical stations and water wells in the surrounding areas; and donated millions of USD to the Cambodian Red Cross. This year, the VRG will begin to harvest latex on some 31,000 ha of rubber trees and employ more than 6,500 workers in the country. Vietnamese Ambassador to Cambodia Vu Quang Minh asked provincial authorities to assist VRG in … [Read more...] about VRG taps 25,400 tonnes of latex in Cambodian province in 2018

The Vietnam News Agency’s Television Centre (Vnews), in collaboration with the Vietnam Association of Small and Medium Enterprises (VINASME), introduced a new program to support small- and medium-sized enterprises (SMEs) at a recent ceremony. The ceremony introduces the program - Photo: VNA With the first edition airing on March 24, Doanh nghiep Ngay nay (Today’s Enterprise) will broadcast at 10:15 every Sunday morning and replayed at 10:15am on Wednesdays on the Vnews channel. Theo VNA … [Read more...] about Vnews launches new program to support SMEs

Dow successfully completed its separation from DowDuPont, becoming a more focused, streamlined, and leading materials science company. Dow launches with global scale and leading positions in three attractive consumer-driven segments: packaging, infrastructure and consumer care. The distribution of Dow common stock was completed after market close today, with each DowDuPont stockholder of record receiving one (1) share of Dow common stock for every three (3) shares of DowDuPont common stock held as of the close of business on March 21, 2019. DowDuPont stockholders will also receive cash in lieu of any fractional Dow shares. Dow common stock will begin trading on the New York Stock Exchange (NYSE) under its historical symbol “DOW” on April 2, 2019, and will join the Dow Jones Industrial Average (DJIA) index. “The changes we have made to Dow’s portfolio, cost structure and mindset are significant. The new Dow is a more focused and streamlined company with … [Read more...] about Dow completes separation from DowDuPont

(VEN) - The German Business Incubator Vietnam (GBI Vietnam), a project of the German Industry and Commerce Vietnam, officially opened its doors on the fourth Floor of the Deutsches Haus Ho Chi Minh City. The opening ceremony, held on March 29, attracted more than 100 guests including Mr. Andreas Mattfeldt, Member of the German Bundestag, Dr. Martin Wansleben, Chief Executive of the Association of German Chambers of Commerce and Industry (DIHK) and a German Bundestag Delegation. GBI Vietnam provides working space, meeting rooms, networking opportunities and workshops that aim at giving German businesses in Vietnam a powerful head start. It has an ideal location in Deutsches Haus, one of the most modern and energy-efficient office buildings in the south of Ho Chi Minh City. Currently, GBI Vietnam has 9 German organizations, SMEs and startups: Aone Deutschland AG, Tilia, Ewerk.com, Rheinland-Pfalz, Lechler, IAK Agrar Consulting, Edubao, ifb and Kjellberg. Mr. Andreas Siegel, German … [Read more...] about New incubator to facilitate German businesses in Vietnam