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Swedish furniture giant IKEA eyes Vietnam entry


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Swedish furniture giant IKEA eyes Vietnam entry

January 17, 2019 vnexpress Leave a Comment

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IKEA plans to invest in a retail and warehouse system in Hanoi. Photo by Reuters Swedish furniture retail giant IKEA plans to invest an estimated $450 million to set up a retail system and warehouses in Hanoi. They will serve the entire Southeast Asian market. The corporation is in negotiations to set up shop in Vietnam. IKEA has eyed entry into Vietnam since 2015, when its executives revealed their intention to do so within five years.  The company, established in 1943, designs and sells ready-to-assemble furniture, kitchen appliances and home accessories.  It is the largest furniture retailer in the world with more than 400 stores in 49 countries. In Southeast Asia, it has stores in Singapore, Malaysia and Thailand. … [Read more...] about Swedish furniture giant IKEA eyes Vietnam entry

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HN’s CPI increases 0.22 per cent

January 28, 2019 vietnamnews Leave a Comment

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Customers buy food at an agricultural product fair in Big C Thăng Long Hà Nội in January 2019. — VNS Photo Mai HươngViet Nam News HÀ NỘI – Hà Nội’s consumer price index (CPI) in January grew 0.22 per cent from the previous month and 3.92 per cent year-on-year, according to the city’s Statistics Office.Tết (Lunar New Year) holiday that falls in early February, throughout which consumption demand usually skyrockets. … [Read more...] about HN’s CPI increases 0.22 per cent

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Companies operating for at least one year allowed to issue bonds

January 28, 2019 thesaigontimes Leave a Comment

Companies operating for at least one year allowed to issue bondsThe Saigon Times Daily HCMC - Companies that have operated for at least one year upon the date of receiving their business registration certificates will be allowed to issue bonds, starting from February 1 this year, Sai Gon Giai Phong newspaper reported, citing the Government’s Decree No.163/2018/ND-CP on the issuance of corporate bonds. Enterprises issuing bonds shall bear responsibility for taking out and making payments for loans, capital usage efficiency and paying off any liabilities. Also, issuing companies will have to state their specific purpose for issuing bonds in bond issuance plans and provide full information to investors who register to buy these bonds, as required in the decree. As for the issuance of green bonds, the capital generated from bond sales must be recorded and supervised; they must only be disbursed for environmental protection projects, as stated in approved bond issuance plans. … [Read more...] about Companies operating for at least one year allowed to issue bonds

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PM Phuc invites tech titans to invest

January 30, 2019 vietnamnet Leave a Comment

At the World Economic Forum’s annual meeting in Switzerland last week, Prime Minister Nguyen Xuan Phuc stressed that Vietnam, which is building a digital economy, continues rolling out the red carpet to welcome foreign investors, particularly in high-tech industries. PM Nguyen Xuan Phuc (second from right) attended the World Economic Forum’s annual meeting in Davos, Switzerland, where he called for global businesses to invest in Vietnam.  Over the past few years, Anheuser-Busch InBev (AB Inbev), one of the world’s largest brewers, has been looking to engage more in Vietnam’s beer and beverage sector. It is now seeking a stake in Habeco, a domestic giant which is widely coveted by foreign investors with the state holding an 81.79 per cent stake. Last week, AB Inbev’s CEO Carlos Brito met with the prime minister in the run up to the forum in Davos, to talk about the group’s future business plans, particularly regarding the group’s desire … [Read more...] about PM Phuc invites tech titans to invest

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VIR Editor”s Letter

February 4, 2019 vir Leave a Comment

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In Vietnam, 2018 will be remembered for the success of a series of diplomatic and economic events, which earned the country higher prestige and status in the international arena. Meanwhile, the economy grew by 7.08 per cent, fuelled by an improved business climate built by a more responsive and pro-business government. Thanks to these factors, along with deeper global integration through various free trade agreements, the local business community is entering the Year of the Pig with high hopes and even higher expectations. As a source of national pride, our country’s achievements of more than 30 years of doi moi create a firm foundation for it to continue sturdy reforms in favour of both the people and businesses, in a bid to achieve higher and more sustainable growth. Alongside a strong boost in global integration, new reforms will enable the economy to join global value chains, transforming Vietnam into a more attractive business and investment destination that rivals … [Read more...] about VIR Editor”s Letter

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VND to remain on stable footing in short term

February 4, 2019 english Leave a Comment

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Fitch Solutions predicts monetary policy and banking liquidity will remain loose in Vietnam as seen by high levels of credit growth, around 17 per cent. Three-to-six-month outlook Fitch Solutions Macro Research, a unit of Fitch Group, has recently released a report highlighting three factors relating to continued currency stability over the short-term. Firstly, Vietnam is set to remain a regional growth outperformer as the Vietnamese Government actively maintains an open-door policy to trade, which is expected to enable foreign direct investment inflows to remain robust. The second one is that Vietnam runs a current account surplus, whilst its export-oriented manufacturing sector continues to power ahead. Due to this, Fitch Solutions expects the excess to remain intact at around 2.1 per cent of the country’s gross domestic product (GDP) in 2019. Indeed, Vietnam recorded a US$6.8 billion goods trade surplus in 2018 as goods exports grew by 13.2 per cent, … [Read more...] about VND to remain on stable footing in short term

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US corporation to invest $170 million in aircraft components factory – VnExpress International

February 27, 2019 vnexpress Leave a Comment

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The Da Nang People's Committee’s office has said that US-based Universal Alloy Corporation Asia Pte. Ltd. (UAC) will manufacture aircraft components and parts at a new factory in the central city’s high-tech park. A project certificate for the $170 million factory will be granted to UAC by the Da Nang government on March 1. When operational, the factory will produce 4,000 of five million parts used in all types of aircraft. These will be exported to North America and EU markets. This project aims at exports of $25 million by 2021, $85 million a year later and $180 million annually from 2026 onwards. UAC plans to recruit 1,200 highly skilled workers of  mechanics, electricity and automation. It will also hire 2,000 people to develop supporting industrial production chains. UAC Group is a leading global manufacturer of aircraft components, often producing them under long-term supply contracts for Boeing and Airbus. Vietnam opened its first airplane parts factory, … [Read more...] about US corporation to invest $170 million in aircraft components factory – VnExpress International

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Relationships between Countries......It's all a huge buy / sell  thing

 

Interesting  ( it surely takes Mastery ....Bravo) the fact that this US administration was capable of achieving a military equipment deal with Vietnam.......Surreal somehow....But real infact...

 

Again...Bravo....Everybody else would think of that as an impossible task , given the past History

 

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