Minister of Planning and Investment Nguyen Chi Dung At the conference on Special Economic Zones–Institution, Policy, and Expectations for Success held this morning, Minister of Planning and Investment Nguyen Chi Dung emphasised two major targets in SAEZs development. First, the establishment of the three high-growth zones will affect and spill over to the region and the entire economy, lure investment into high-tech and competitive sectors, which match global development trends. These zones will become good places to live and work and prosperous areas featuring sustainable development. Second, they will provide new playing fields with special mechanisms and policies for startups, as well as promote innovation, research and development, and sectors applying high-tech or 4.0 technology. Additionally, high-quality education and healthcare, premium hotels and resorts, logistics and airport, and international seaports capable of trade exchanges will also be developed at all three … [Read more...] about Vietnam to create new playing field via SAEZs
Dubai customs clearance
China to buy half of Vietnam litchi outputVu Yen HCMC – Vietnam is expected to ship half of its litchi output to China this year, while the remainder will be for local consumption and a tiny fraction for export to some choosy markets, said authorities of Bac Giang and Hai Duong provinces, the country’s key litchi-growing areas. Tran Quang Tan, director of Bac Giang’s Department of Industry and Trade, said the province has nearly 30,000 hectares under litchi cultivation in 2017 including 6,000 hectares of early harvest from May 20 to June 15, and 24,000 hectares of litchi of the main crop for harvest from June 15 to July 15. The province expects its litchi output at 100,000 tons this year, down 42,000 tons against last year due to unfavorable weather. This amount includes 26,000 tons of early-harvested litchi and 74,000 tons of litchi of the main crop, Tan said. Tan confirmed higher quality and thus better prices of the early-harvested fruit compared to last year. … [Read more...] about China to buy half of Vietnam litchi output
Editor-in-Chief of the Industry and Trade Review Nguyen Huu Quy (third from the left) attends the conferenceAs one of the seven emirates of the UAE, Dubai for a long time has been known as the largest trade center in the Middle East and a gateway to many markets. A conference was held in Dubai on the occasion of Gulfood 2016 - the largest annual agricultural products, food and beverage fair in the Middle East - to share experiences in taking Vietnamese agricultural and food brands abroad. Vietnamese Ambassador to the UAE Pham Binh Dam said Dubai was considered as a major marketing gateway to the world, and exports to Dubai would be transported for sale in the other six emirates of the UAE, including Abu Dhabi, Sharjah, Ras Al-Khaimah, Umm Ai-Qaiwain, Ajman, and Fujairah, and countries in the Middle East, North Africa, and Central Asia. Vietnamese exports to Dubai have increased rapidly in recent years, and Dubai has become a major export market for Vietnam. As the first Vietnamese … [Read more...] about Agricultural exports: Good signals from Dubai
R.K Group is multinational company. It has been investing not only in India but also in Turkey and Vietnam in a variety of business scopes. In 2006, R.K Marble Vietnam Ltd. was established by the Investment Licence issued by People’s Committee of Yen Bai Province. With tireless efforts, it has grown to be the biggest and the most professional white marble company in Vietnam. “Together with enhancing the profit of business, we always aim to improve living standards of local employees, and contributing more and more to the State Budget is one of our important targets,” said General Director Kamal Kumar Sogani with Vietnam Business Forum. Doan Tien reports. Please tell us about R.K Marble Vietnam Company, what have been the highlights in the process of your business development in Vietnam so far? R.K Group (India) took its first steps searching for business opportunities in Vietnam in August 2005. In 2006, R.K … [Read more...] about R.K Marble Brand Name Constantly Strengthened and Improved
Tusks and tusk-made handicrafts seized by the Tan Son Nhat airport customs last June. Last Saturday, the same customs caught two Vietnamese persons smuggling a combined 43.5kg of tusk hidden in their baggage. — Photo courtesy of news.zing.vn HCM CITY (VNS) — Two Vietnamese persons were caught smuggling elephant tusks by the Tan Son Nhat airport customs officials in HCM City last Saturday, the government website chinhphu.vn reported.Nguyen Van Ha and Nguyen Van Hien, residents of Nam Dinh Province, had nothing to declare when they applied for customs clearance at the airport on their return from Dubai. However, the customs officials reportedly found 19.2kg and 24.3kg of tusks in the baggage of Ha and Hien respectively.The two persons allegedly could not produce any valid documents related to the cargo. Tests conducted by the HCM City branch of the public security ministry's Institute of Criminal Science identified the tusks as being of African elephants, whose … [Read more...] about Customs officials detain Vietnamese passengers for smuggling tusks
Earlier this month Idemitsu Q8 Petroleum LLC opened its first retail outlet in Ha Noi’s Thang Long Industrial Park, marking the first time a wholly foreign-owned company has entered the fuel retail sector. Idemitsu Q8 is a joint venture between Japan’s Idemitsu and Kuwait Petroleum International Ltd. It was the first to benefit from a landmark government decision last year to allow foreign businesses to distribute fuel in Viet Nam if they invest in oil refining in the country. The entrance of Idemitsu Q8 has been welcomed as a positive change for the petroleum retail sector. The modern new petrol pump has the best equipment from Japan, the latest management software and international standard service by well- trained staff. Idemitsu Q8 is soon expected to expand its retail network along Highway No.5, which links Hai Phong and Ha Noi. Market observers said the newcomer is like a breath of fresh air in the Vietnamese fuel retail market. Its modern and … [Read more...] about Entry of foreign fuel: a game changer?