Vietnam, EU reiterate commitment to trade, investment deals The Vietnamese Government and the European Commission (EC) have pledged to carry out the Europe-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) in a timely and effective manner. The commitment is expressed in a joint statement issued by Vietnam’s Minister of Industry and Trade Tran Tuan Anh and European Commissioner for Trade Cecilia Cecilia Malmström following their meeting on October 19 in Brussels on the sidelines of the 12th Asia-Europe Meeting Summit (ASEM 12). The statement said the Vietnamese Government is preparing plans to fulfill obligations under the free trade agreements while the EC stands ready to support the necessary reforms and adjustments through technical assistance. Both sides acknowledged the relevance of the trade and sustainable development chapter of the FTA and agreed to jointly promote initiatives in this field, including the ratification of the … [Read more...] about BUSINESS NEWS IN BRIEF 23/10
High performance sedans
Mercedes Benz Vietnam introduces the new S Class: Extending the leading position of full sized sedans
(VEN) - Since the launch of the sixth generation in 2013, more than 300,000 units of the S-Class have been delivered to customers globally. In Vietnam, the S-Class has always taken the lead, occupying more than 80 percent of its segment. The new S-Class is introduced in Vietnam with two variants including the S 450 L and S 450 L Luxury. 4.0 exterior design MULTIBEAM – the technology of light: The first impression of the new S-Class comes from new futuristic key design with high-quality material. Only by unlocking, a noticeable upgrade shows up. It is the MULTIBEAM headlamps – a both aesthetic impression and safety feature. The S-Class features three distinctive torches of light inclining to the front as an exclusive design element, allowing the vehicle to be easily recognized from a long distance. Each headlamp is fitted with 84 individual high-performance LED chips automatically adapted to traffic and weather conditions. Each LED is separately controlled in … [Read more...] about Mercedes Benz Vietnam introduces the new S Class: Extending the leading position of full sized sedans
Three big players vie for status in Vietnam’s automobile market
VietNamNet Bridge - In the first six months of 2018, three big players – Hyundai, Toyota and Truong Hai – held three-quarters of the fewer-than-9-seat car market share. On July 10, Hyundai Thanh Cong for the first time released a report on monthly sales. The manufacturer sold 24,557 products in the first half of 2018. Toyota sold 25,829 products of both Toyota and Lexus brands, while Truong Hai sold 32,308 cars of Mazda, Kia and Peugeot brands. Truong Hai ranks first in number of cars sold, followed by Toyota and Hyundai. If reckoning up the number of cars with fewer than nine seats sold by Hyundai Thanh Cong and VAMA’s members, the figure would be 108,360 cars in the first half of the year. With a strategy on focusing on assembling cars, Hyundai Thanh Cong and Truong Hai are not meeting difficulties in supplies. Hyundai earlier this year stopped four import models to gather strength on assembling cars domestically. Meanwhile, Truong Hai now … [Read more...] about Three big players vie for status in Vietnam’s automobile market
BUSINESS IN BRIEF 27/7
PV Gas posts higher-than-expected H1 results PV Gas reported better-than-expected business results for the first six months of the year.Total revenue reached over VND37 trillion (US$1.6 billion) while net profit was VND5.32 trillion ($231.4 million), up 12 per cent and 30 per cent, respectively, against the same period last year.With these results, the company has completed 66 per cent of its revenue target and 83 per cent of its profit target set for the whole year.The operating profit margin, which measures how efficiently a company is at generating profits from its revenue, reached 14 per cent.The company paid VND2.53 trillion to the State budget, equivalent to 87 per cent of its yearly plan and up 21 per cent year-on-year.Up until June, total assets hit nearly VND66.2 trillion and owner’s equity reached VND45.8 trillion.In the latter half of this year, GAS expected global oil prices to remain high compared to its plan, which will support the company’s … [Read more...] about BUSINESS IN BRIEF 27/7
BUSINESS IN BRIEF 19/6
Nawaplastic still hungry for Binh Minh Plastic shares Owning a dominant stake in Binh Minh Plastic (BMP) did not quench Nawaplastic Industry Co., Ltd. (Nawaplastic)’s thirst for BMP shares. Most recently, Nawaplastic registered to buy an additional 1.17 million BMP shares to increase its holding to 44.525 million shares, equalling 54.39 per cent of the charter capital. The transaction is expected to occur between June18 and July16. The registered share volume is the remaining part of the 2.86 million shares that Nawaplastic failed to buy during previous transactions. Notably, Nawaplastic registered to buy 2.86 million BMP shares during transactions on May 14-June 12, however, the Thai investor ended up buying 1.69 million of the registered shares as BMP did not match Nawaplastic’s target price. BMP manufactures and trades civil and industrial products made of plastic and rubber. The company also designs, manufactures, and trades in plastic moulds for the casting industry; … [Read more...] about BUSINESS IN BRIEF 19/6
BUSINESS IN BRIEF 4/4
Hapro and Protrade Corp. report successful IPOs Both state-owned Hanoi Trade Corporation (Hapro) and Binh Duong Producing and Trading Goods Corporation (Protrade Corp.), the owners of several golden land plots and industrial parks, conducted successful IPOs. On March 28, Protrade, the third largest state-owned firm in the southern province of Binh Duong, offered 30 million shares for sale, equalling 10 per cent of its stakes, at its IPO with the initial price of VND12,000 ($0.53). As a result, 63 investors joined the auction, four of whom won with the highest bid of VND21,000 and the lowest bid of VND16,600. The average selling price was VND17,474, which was 46 per cent higher than the initial price. After the IPO, the state’s holding in Protrade decreased to 50 per cent, equalling 150 million shares. Besides, Protrade Corp. will put 119.7 million shares, equalling 39.91 per cent of the stakes, on sale to strategic investors. Previously, Protrade Corp. also published the … [Read more...] about BUSINESS IN BRIEF 4/4
Kon Tum midwife changes minds, saves lives
Village midwives honoured at the ceremony on March 7 for excellence achievements in protecting and caring for mother and children’s health. (Photo: VNA) Kon Tum (VNS/VNA) - Old habits die hard, but Y Ngoc, 38, from Dak Sao commune in the Central Highlands province of Kon Tum’s Tu Mo Rong district is determined to make a difference in reproductive healthcare for women in her village’s. “Being a woman, I understand how pained and worried women may be when they give birth. During this period, we need care and sympathy from relatives and experienced people. But most of the people believe in giving birth naturally without assistance," she said. Lack of access to healthcare during childbirth results in frequent deaths of both mothers and children. An opportunity to bring change came to Ngoc in 2009 when she was sent to attend a training course under the "Midwife in the Village" programme implemented by Ho Chi Minh City-based Tu Du Hospital. The popular … [Read more...] about Kon Tum midwife changes minds, saves lives
BUSINESS IN BRIEF 23/1
Vietnam promotes trade, tourism in ChileVietnamese Chargé d'affaires a.i. in Chile Nguyen Minh Anh introduced the potential for cooperation between Vietnam and Chile in trade and tourism at a seminar in Chile on January 19.Anh highlighted the remarkable growth in bilateral trade exchange recently, with value reaching 1.28 billion USD. He noted that Vietnam is the 10th biggest foreign trade partner and the second largest Southeast Asian market of Chile.The diplomat underlined the trend among young Chilean entrepreneurs to seek investment opportunities in Southeast Asia, including Vietnam.A representative of the Chilean Ministry of Foreign Affairs said the Vietnam – Chile free trade agreement, effective in 2014, has made significant contributions to increasing trade exchanges between the two nations.Vietnam can serve as a gateway for Chilean products to enter ASEAN markets, while Chile as a bridge connecting Vietnam and Latin America.The seminar, jointly hosted by the Embassy … [Read more...] about BUSINESS IN BRIEF 23/1
[VIMS 2016] Suzuki to release Ciaz at the show
![[VIMS 2016] Suzuki to release Ciaz at the show](https://res.cloudinary.com/demo/image/fetch/w_332,h_190,c_crop,g_face/http://autonet.com.vn/wp-content/uploads/2016/10/MG_0611.jpg)
17:48 - 28/10/2016 (GMT+7) Lượt xem: 666 Bình luận: 0 Vietnam Suzuki just introduced to the market a new Sedan model named Ciaz at Vietnam International Motor Show 2016. Possessing sporty and elegant style, pleasant interior, dynamic performance, and enhanced efficiency, Ciaz may very well be a new trend in its segment. By launching Ciaz, Suzuki has finished introducing its 4 product lines which are MPV, Hatchback, SUV and Sedan to Vietnamese consumers. Once again, this event re-affirms Suzuki’s long term commitment to Vietnam. This is also an effort to maintain its position as one of the leading car manufacturers in this potential market. The interior of Ciaz is designed for a pleasant journey with high-quality instrument panel and luxury leather seat, a wide range of advanced feature and amenity enhancing travelling comfort and convenience. These features include automatic air conditioner, DVD with back camera, USB and AUX sockets, remote control key, … [Read more...] about [VIMS 2016] Suzuki to release Ciaz at the show