Investments in drugstore chains turn activeFPT Retail has recently confirmed its investment in the Long Chau drugstore chain, thus lengthening the list of tech retailers that are venturing into drugstore business.The Gioi Di Dong and Digiworld that have long been known as retailers of tech products have invested into drugstore chains as well.At a meeting on business operations at the Hochiminh Stock Exchange earlier this month, FPT Retail general director Nguyen Bach Diep said the company started injecting capital into Long Chau drugstores early this year on a pilot basis and would expand its investment in this sector next year.Revenue from drugstore business operations would be included in FPT Retail’s revenue as from 2019, Diep added.News about FPT Retail’s investment in the Long Chau drugstore chain broke early this year. But when reached by the media, the company said negotiations were ongoing and that there was no official information.Some of the well-known drugstore … [Read more...] about BUSINESS IN BRIEF 11/12
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For the past years, the Lam Dong Investment, Trade and Tourism Promotion Centre has quickly confirmed its position as a professional organisation with the primary function of attracting investment into the province and acting as a big supporter for local businesses to promote products, develop brand names, and conquer consumers. The Vietnam Business Forum has an interview with Mr Vu Van Tu, Director of Lam Dong Investment, Trade and Tourism Promotion Centre, on these aspects. Hong Hanh reports. Could you tell us about investment attraction results in Lam Dong province in the past time?In the first nine months of 2012, Lam Dong province arranged investment locations for six projects with a total registered capital of VND196.5 billion and granted investment certificates to 23 projects with a total registered capital of VND3,999 billion and in need of 1,124 ha of land. The province also arranged investment locations for three foreign-invested projects worth US$11.35 million … [Read more...] about Lam Dong Gives Strong Support to Businesses
Green Star Lines Limited Company (GSLines) started from International shipping container Limited company which was founded and operated as shipping agency since 14 June, 2006 has merged to be member of Vietnam container Group (Viconship Group) under Vietnam Maritime Bureau. Its main duty now is vessel transportation by container ship. The company has offically run into business since 1st Octorber, 2007 according to bussiness registered lisence No: 0204000003 granted by Hai Phong Department of Planning and Investment. This conversion is not only the turning point to the company’s development but also an important event marking the existence of prominent and specialized container ship team in Viconship group and Vietnam Maritime Bureau. This presents Viconship’s determination in helping the company to integrate the domestic and international market. Looking back the old days when the company exchanged as pilot from state-owned company model to … [Read more...] about Green Star Lines Company Limited On The New Way
On 23 January 2006, the Government issued Decree No.12/2006/ND-CP detailing the implementation of the Commercial Law regarding international goods sale and purchase and goods sale, purchase, processing and transit agency activities with foreign countries. Accordingly, the right to conduct import - export business and necessary procedures are as follows: (i) The right to conduct import and export business - For Vietnamese traders with no foreign direct investment capital (hereinafter referred to as trader for short)Except for goods on the lists of banned from export or suspended from export and goods banned from import or suspended from import, traders may import and export goods regardless of their registered business line.Trader’s branches may import and export goods as authorized by traders. - For … [Read more...] about Please let us know about the right to conduct import – export business and necessary procedures in Vietnam?
On 23 January 2006, the Government issued Decree No.12/2006/ND-CP detailing the implementation of the Commercial Law regarding international goods sale and purchase and goods sale, purchase, processing and transit agency activities with foreign countries. Accordingly, the right to conduct import - export business and necessary procedures are as follows: (i) The right to conduct import and export business - For Vietnam trades having no foreign direct investment capital (hereinafter referent to as trader for short) Except for goods on the lists of banned from export or suspended from export and goods banned from import or suspended from import, trades may import and export goods regardless of their registered business line.Trader’s branches may import and export goods as authorized by trader. - For traders with foreign investment capital, foreign companies and branches of foreign companies in VietnamTraders, … [Read more...] about Please let us about the right to conduct import – export business and necessary procedures in Vietnam?
I learnt that National Assembly of Socialist Republic of Vietnam has just issued Unified Law on Enterprises replacing the Law on Enterprises 1999. Please let me know new points in relation to business registration regulated in the new law in comparison with those in Law on Enterprises 1999? For the purpose of unifying regulations on enterprises, on 29 November 2005, National Assembly of Socialist Republic of Vietnam issued the new Law on Enterprises (“New law”). Objects of application of the new law are extended, including domestic and foreign organizations and individuals. The New law has some changes in comparison with Law on Enterprises 1999. Accordingly, if you want to establish a new enterprise, the dossier and procedures for carrying out establishment of enterprise are as follows: - Dossier: … [Read more...] about Please let me know new points related to business registration regulated in the new Enterprise Law?
Last week, Viet Nam News asked its readers about the celebration of International Women's Day and ways to promote gender equality between men and women. Here are some responses. Lance Cohen, Australian, HCM City Next week: Are you bored with the limited choices for entertainment around the city? Would the opening of a casino, a possibility which is currently under official consideration, make your day? A Government press conference announced earlier this week that the Government is weighing the advantages and disadvantages of several casino projects proposed for Viet Nam. The Government will seek opinions from relevant agencies on legal mechanisms for gambling before making a final decision on implementation. The Government also realises that the opening of casinos needs careful consideration in order for them to be managed and operated according to market demand. The Government's point of view is that … [Read more...] about Vietnamese girls become more assertive
Illustration by Do Dung by Hoang HienMy friend was lying on the floor looking attentively at the ceiling when he abruptly asked me:"What will you do when you return to our homeland?""The first thing I'll do is get married. My parents tell me that they've just chosen a very pretty and gentle girl from our village to be my wife. That's what I'm most looking forward to," I answered."Totally mad!" he lamented. To my surprise, he went on: "As a dynamic young man you should go everywhere and do anything you want. That's your pleasure until you depart from this life. It's far better than being a homebody who just goes to work early in the morning and returns home, weary and bored, with the rest of he masses to cherish your dear wife and children. Don't you … [Read more...] about Running away
Next week: How can Viet Nam better link its simple, but exotic street food to attract more tourists? Lonely Planet publishers claim Ha Noi has the top 10 walking tours for foodies. Its writers suggested that a feast of local street food can include the old favourite pho bo (beef noodle soup), banh xeo (egg crepes), and gossamer-light banh cuon, (steamed rice crepes filled with minced pork, shallots and mushrooms). The capital was even placed on a list alongside craft beer in Gastown, Vancouver, and French street food in Nice, France. Vietnamese street food has enticed the world. Many dishes found on the streets are frequently ranked as excellent by many food and tourist organisations. In May, CNN put Viet Nam third on its list of 10 healthiest ethnic cuisines. It also placed goi cuon (summer roll) as one of the world's 50 best foods in 2011. However, Viet Nam has not capitalised effectively on linking food and tourism. In 2012, … [Read more...] about Tourism industry needs more than wi-fi to lure visitors
Last week, Viet Nam News asked for readers' opinions about the Government plan to reduce cash payments from the current 14 per cent to less than 11 per cent for all transactions in Viet Nam while doubling the number of people with bank accounts to 40 per cent of the population by 2015. The plan was approved in an effort to improve the transparency of transactions and reduce cash-related risks. Here are some responses. Gavin Crossley, Australian, HCM City Next week In many Western countries, the flavour enhancer monosodium glutamate (MSG) is totally banned because of its apparently proven connections to heart palpitations and strees, especially in people taking medication. Indeed, some restaurant owners have been heavily fined for repeat offences - or even had their establishments closed. In Australia, it took many years for all Chinese restaurants to comply with the law, most proprietors protesting that the … [Read more...] about Improvements needed for cash-free system