Austrian enterpries eye growing Viet Nam market
(Sep 30, 2014)
Viet Nam, with a young population and increasingly wealthy and growing
middle class, was a potential market of 90-million customers, said
Thomas Loidl, Austrian Ambassador to Viet Nam during a Austria-Viet Nam
business meeting in Ha Noi yesterday.
More businesses in Viet Nam have either suspended or shut down
operations in the first three quarters of 2014, according to the General
Statistics Office (GSO).
Online shopping has developed strongly in Viet Nam in recent time and is
forecast to further develop in the coming years, according to the
E-commerce and Information Technology Department.
Viet Nam welcomed more than 6 million international arrivals during the
first nine months of 2014, up by 10.42 per cent compared to the same
period last year.
Prime Minister Nguyen Tan Dung has approved in principle a plan to
build Phan Thiet Airport in the central province of Binh Thuan under the
BOT (build-operate-transfer) model.
HCM City's economic output in the first nine months of 2014 was
VND593.5 trillion (over US$28.1 billion), an increase of 8.9 per cent
year-on-year, according to the HCM City People's Committee, which
released the figures at a Party Committee meeting yesterday.
The Viet Nam Pangasius Association has asked the Ministry of
Agriculture and Rural Development to continue negotiating with the
Customs Union of Russia, Belarus and Kazakhstan to allow all Vietnamese
pangasius enterprises to export to their market.
The national flag carrier Vietnam Airlines said yesterday that a number
of flights between Vietnam and France was cancelled in this month,
affecting about 1,400 passenger of the airline due to the ongoing Air
France pilot strike.
Steel Vina Kyoei Company (VKS) will be opening its second steel
production factory, worth $200 million, in the southern province of Ba
Ria – Vung Tau in the fourth quarter of this year.
Global aero communications service provider Gogo has announced that
it will provide in-flight connectivity services on Boeing 787 and
Airbus A350 aircraft of the national carrier Vietnam Airlines.
Foreign direct investment has significantly increased in recent years
and will continue in the years ahead, especially as more State-owned
enterprises are equitised, according to analysts.