Novartis business development

“We think that in 2020-2022, Vietnam may face negative impact from the trade war instead of short-term positive impact, ” said Tran Toan Thang from the Centre for Socio-Economic Information and Forecast (NCIF). Vietnam's 2016-2020 socio-economic development plan has gained impressive achievements despite difficulties. The economic structure has shifted too quickly into the service sector while the industrial base remains weak, supporting industries have developed slowly and enterprises mostly still do outsourcing. The economic structure has shifted too quickly into the service sector while the industrial base remains weak, supporting industries have developed slowly and enterprises mostly still do outsourcing. Thanh Mai  Vietnam’s economy stays positive amid global growth slowdown: PM Vietnam’s economy remains positive despite the slowdown in global economic growth, especially in Asia, over the last 11 months, Prime Minister Nguyen Xuan Phuc … [Read more...] about Vietnam may see negative impact from trade war in 2020: economists

Pham Anh Tuan, vice chairman of the Việt Nam Fishing Association, talks on the need to follow all recommendations from the European Commission (EC) to get the yellow card on fishing removed. Fishing boats in Ninh Thuan Province. — VNA/VNS Photo Nguyen Thanh Why is lifting the yellow card so important to the Vietnamese fishing sector? The lifting of the yellow card over illegal, unreported and unregulated (IUU) fishing is very important for the country. According to the EU, the yellow card means Vietnam has violated certain EU rules on legal fishing activities and has not fully declared where fish products came from. Such violations have prevented international authorities from tracing whether Vietnamese fish products came from Vietnam or not. These are strong indications Vietnam has failed to follow rules against IUU fishing. What’s more important is that if Vietnam doesn't make a change, it will not only receive the yellow card but even a red card (banning … [Read more...] about Vietnam needs to remove fishing yellow card

Demand for investment capital at the Vietnam Oil and Gas Group (PVN) and its member units for 2018-20 was estimated to reach VND620 trillion (US$26.7 billion), PetroVietnam Securities Inc (PSI) recently announced. Workers at PetroVietnam carry out technical checks. Fitch Ratings last month assigned PVN first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook. According to Bui Huy Long, deputy general director of PetroVietnam Securities Inc, of the VND620 trillion, loans accounted for more than 30 per cent through traditional credit and bond issuances. Urgent projects such as Thai Binh 2 Thermal Power Plant, Long Phu 1 Thermal Power Plant, Block B-O Mon Gas Project, Blue Whale Gas Project and Sao Vang – Dai Nguyet Gas Project, would require $4 billion, Long said. Fitch Ratings last month assigned PVN first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook. This was a positive credit rating … [Read more...] about PetroVietnam in need of investment capital

The Ministry of Finance has recently sent Dispatch No.14813/BTC-CST to competent ministries and sectors, suggesting cutting import on chicken and pork products.(Photo: VNA) Hanoi (VNA) – The Ministry of Finance has recently sent Dispatch No.14813/BTC-CST to competent ministries and sectors, suggesting cutting import on chicken and pork products. Accordingly, import tariff on frozen chicken parts in the sub-category 2207.14 is suggested to be cut from 20 percent to 18 percent, which is equivalent to the duty reduction in the roadmap in the first year implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Chicken imports increased during April and June as compared to the same time in 2018 as consumers sought alternatives to pork following the outbreak of the African swine fever (ASF), according to the Ministry of Agriculture and Rural Development. Regarding fresh or frozen pork (except for whole or half carcasses, ham, butt and picnic … [Read more...] about Finance ministry proposes cutting import taxes on chicken, pork

The German Industry and Commerce Vietnam and PrintPromotion on December 5 held a conference on print 4.0 and packaging in Hanoi, attracting German and Vietnamese leading players in the industry who are planning to venture further here. The firms included Messe Düsseldorf Asia – the organiser of leading medical fairs – Koenig & Bauer AG, Müller Martini AG, KURZ, Windmöller & Hölscher Asia-Pacific Co., Ltd., IST Metz GmbH, among many others. At the event, German manufacturers of machines and systems for the printing and paper converting industry presented their innovations, technologies, and new applications. According to Corvet Holding AG, the representative office of many international printing and packaging brands, including those from Germany such as Koenig & Bauer AG, and Perfecta in Vietnam, the demand for packaging printers is growing significantly in Vietnam, driven by an increase in the number of small-sized families, fast-food, and … [Read more...] about German printers eye Industry 4.0 opportunities in Vietnam