Channel 11 news at 11

“I’ve spent a number of years in Vietnam previously, having managed hotels in Phu Quoc and Ho Chi Minh City, and fell in love with the charm of this dynamic and developing country,” he explained. “My experience working closely with the local team to oversee multiple hotel departments, implement new brand standards, and develop and monitor growth strategies will take Fusion Suites Da Nang to a new level. I enjoy rolling up my sleeves and getting stuck in!” … [Read more...] about BUSINESS NEWS OCTOBER 11

The retail sales of goods reached VND2,4 trillion (US$10.2 billion) in the first nine months of this year, occupying 75.2% of the total sales and up 12% over the same period last year. The accommodation and food services, which accounted for 12.3% of total sales, recorded a value of VND396 trillion (US$16.9 billion) during the period, a year-on-year rise of 8.4%. The travel services brought in VND30.3 trillion (nearly US$1.3 billion), making up 0.9% of the total value and is up 16.9% over the corresponding period last year. The sales of other services during the first nine months reached VND375.7 trillion (over US$16.05 billion), a hike of 9.7% in comparison to the same period last year, contributing 11.6% to the total value. In September alone, the total value of retail sales and consumer services was estimated at VND374.8 trillion (US$16.01 billion), up 1.3% from the previous month and a year-on-year increase of 12.5% … [Read more...] about Retail and consumer services rise 11.3% in first nine months

According to Trinh Quoc Vu, deputy head of Energy Saving under the Ministry of Natural Resources and Environment, with some 6,000 factories employing more than 3 million people, the industry is both economically and socially important for the country. However, the sector has an adverse environmental impact. Intensive water extraction, use and discharge of wastewater and high energy consumption for water heating and steam generation are all environmental concerns. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

Vice Minister Bui The Duy from the Ministry of Science and Technology commented: ‘The innovation partnership between Australia and Vietnam has proven to be an effective mechanism for the two countries to share best practice and models to enhance the innovation systems in both countries. We hope grants provided under the Aus4Innovation program will set examples of how innovation – particularly when it can jointly developed and implemented – can transform our society and deliver economic, social and environmental sustainability.’ … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 13

The Vietnam Association of Seafood Exporters and Producers (VASEP) said the US and Europe have the largest demands for tuna. A survey by US-based firm Tri Marine, which is now owned by Italy’s Bolton Group showed that canned tuna, which is a key export item of Vietnam, is favoured over other tuna products in the US market. … [Read more...] about BUSINESS NEWS OCTOBER 12