Vietnam Business & Economy News

Monday, January 30, 2012

Spanish enterprises eye Vietnamese market

VNEconomyNews.com - A group of Spanish businessmen will attend the Spain-Vietnam Business Forum to be held in Ho Chi Minh City from April 16-17. According to the Madrid Chamber of Commerce, the Spanish businesses are involved in agriculture, garments, electronics, renewable energy and infrastructure.

Firms urged to use e-commerce to increase exports

VNEconomyNews.com - E-commerce is considered an effective measure helping businesses, especially small and medium-sized enterprises (SMEs), to reduce direct transaction costs during times of economic downturn.

Petrovietnam Gas, Petrovietnam Fertiliser seen attractive on valuations

VNEconomyNews.com - Gas trader PetroVietnam Southern Gas and PetroVietnam Fertilizer & Chemicals are standout local stocks on valuations, data from Thomson Reuters StarMine shows.

Vietnam set to be largest seafood exporter in the world

VNEconomyNews.com - Although exports of aqua-products faced many difficulties in 2011, export revenues touched US $6.1 billion, ranking Vietnam at fourth place in aqua-exports.

Tourism industry devises new development strategy until 2020

VNEconomyNews.com - Vietnam’s tourism industry set a record by attracting 6 million foreign visitors in 2011. The sector will officially launch a new strategy this year with a new logo and the slogan “Vietnam-timeless charm”.

VietJet Budget Flights Lure Travelers From 40-Hour Bus Rides

VNEconomyNews.com - VietJet Aviation Joint-Stock Co., the budget carrier that began flights in Vietnam last month, may double its fleet to six planes by the end of the year as it lures passengers from bus trips taking as long as 40 hours.

Vietnam Q1 rice exports seen down 39pc y/y

VNEconomyNews.com - Vietnam's rice exports in the first quarter of 2012 are expected to fall 39 percent from a year ago to around 1.1 million tonnes due to fierce competition from Indian and other Asian grains in its major markets.

Investments in hotels bring high profits, but require high patience

VNEconomyNews.com - While other real estate developers complain about the bad business performance in 2011, hotel owners had a bountiful crop.