VCCI

Update news VCCI

‘We can if other countries can'

 VietNamNet Bridge – The Government's first Resolution in 2015 carries a strong can-do spirit that should benefit the business community, VCCI Chairman Vu Tien Loc tells the Nong Thon Ngay Nay (Countryside Today) Newspaper.

Vietnamese experts against yuan payments

VietNamNet Bridge – A proposal by the Chinese Business Association and Industrial and Commercial Bank of China for making payments in renminbi, or the Chinese yuan, in Viet Nam has met with opposition.

BUSINESS IN BRIEF 28/11

Synthetic fiber manufacturer to hold IPO; HCM City to host Viet Nam Expo 2014; Sharp rise in Visa transactions; Dong Nai invites NGO funding for development; Over 1.8 billion USD to expand Duyen Hai power plant; Relief for software firms

BUSINESS IN BRIEF 25/11

US imposes tariffs on Vietnamese steel nails; Property market on road to recovery; Vietnamese bank increases support for businesses in Russia; Revised Investment Law to help lure more FDI: experts; Ministry amends decision after trademark lawsuit

BUSINESS IN BRIEF 12/11

 HCM City to set up 28 industrial clusters; Ha Noi to speed up land right transfers; Ceramic makers admit need for improvements; Viglacera to begin work on four industrial parks; Enterprises disappointed about slow administrative reforms: VCCI

One-third of enterprises in Vietnam make profits

 VietNamNet Bridge – Only more than 30% of 485,000 operational enterprises in Vietnam have been profitable in the year to October despite lingering economic woes,

Vietnam eagerly applies one door customs mechanism

VietNamNet Bridge – Deputy General Director of the Foreign Trade Agency under the Ministry of Industry and Trade Tran Thanh Hai spoke with the Vietnam Economic News about Vietnam’s participation in the ASEAN one door mechanism

BUSINESS IN BRIEF 11/8

 Fragrant rice comes to throne in Mekong Delta; Metro development costs dearly in Vietnam; Sri Lanka – Vietnam trade centre opens in Colombo; Businesses increase to invest in agriculture; Multiple charges erode seafood competitiveness

BUSINESS IN BRIEF 21/6

 Vinaphone to slash rates for international roaming; Hungary opens trade office in Vietnam; VCCI forecasts rising sales towards year-end; Vietnam ranks second among foreign investors in Laos; Industries unable to source locally-made components

BUSINESS IN BRIEF 11/4

 PM to address business concerns this month; Hai Duong attracts biggest FDI project nationwide; Mekong Delta agriculture production plan approved; Q1 budget revenue: positive signs for rest of year

2014 – a difficult year for businesses

 VietNamNet Bridge – Vietnamese businesses should reengineer and streamline their operations in 2014 to maximize efficiencies said President of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.

Seychelles President begins VN visit to spark new ties

 VietNamNet Bridge – The President of the Republic of Seychelles, James Alix Michel, will begin an official two-day visit to Viet Nam today, according to the Ministry of Foreign Affairs.

Chinese 1960s’ backward technologies still used in Vietnam

 VietNamNet Bridge – Vietnam’s power consumption per capita is lower than many other countries, but it leads the countries in terms of the electricity waste.

High inventories hurt local companies

 VietNamNet Bridge – Businesses are struggling to sell products in the second-half of the year despite reports of decreasing inventories.

Chamber of Commerce faces probe

 VietNamNet Bridge – The Government Inspectorate will check on finance management at the Viet Nam Chamber of Commerce and Industry (VCCI), according to Deputy Chief Inspector Tran Duc Luong.

The failure of the bankruptcy law

People’s courts, management agencies, relevant institutions -- when asked about the 2004 Bankruptcy Law, have suggested amending 57 out of the 95 articles of the law, according to the Vietnam Chamber of Commerce and Industry.

Experts argue over minimum wage adjustments

 VietNamNet Bridge – The process involved in adjusting the minimum wage of workers has recently been under a lot of scrutiny from policy makers, public officials and labour experts.

Strengthening links between Vietnam, Russia and Belarus

VietNamNet Bridge – A number of important agreements on strengthening cooperation have been reached during working sessions for representatives from the Vietnamese, Russian and Belarusian Chambers of Commerce and Industry.

Mining industry needs increased transparency

 VietNamNet Bridge – Vietnam should implement the Extractive Industries Transparency Initiative (EITI) to fight corruption in the mining industry, currently representing over 10% of the nation’s GDP.

Vietnamese small businesses cannot grow up

VietNamNet Bridge – Vietnam lacks the medium size businesses which can act as the bridge connecting enterprises and join the global supply chain.