EastSea
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What do you in France ? film star or producer ?
Vietnam Economy Forum
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What do you in France ? film star or producer ?
Fukuoka
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Everybody know that Ho Chi Minh studied the chinese guerillaThats why Chinese is not smart in real battle . China only have 1 tactic: Human wave
Battlefield:Vietnam | Guerrilla Tactics
Do you need to be a NASA scientist to talk about science?
NiceGuy
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Wrong, we have been master in Guerrilla warfare since Mongol invasion to Great Viet. Seem like Chinese who fled to VN and begged for protection that time learned from us, after that they went back to China and used that tactic to defeat Mongol
VN is the only country that use perfectly Guerrilla warfare since 12 century until now. China is just a student of us in this type of warfare.
HCM came to China only to seek for support.
Fukuoka
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Actually you've learnt from China the communist organization and propaganda strategies.Wrong, we have been master in Guerrilla warfare since Mongol invasion to Great Viet. Seem like Chinese who fled to VN and begged for protection that time learned from us, after that they went back to China and used that tactic to defeat Mongol
VN is the only country that use perfectly Guerrilla warfare since 12 century until now. China is just a student of us in this type of warfare.
HCM came to China only to seek for support.
And some tactics are specific to you, like blending in the jungle and what we can call terrorist actions
Battle of Bach Dang River
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EastSea
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Do you need to be a NASA scientist to talk about science?
No. If you are living in 12. District of Paris, I could see you in next time when I visit my relatives and we can discuss about business only: how to import chinese consumer products to France and Vietnam.
Fukuoka
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I'am more in the 13
Viet
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Samsung, the world's largest manufacturer of smartphones running on an Android operating system, is likely to shift 80% of its smartphone manufacturing capacity to Vietnam, according to market analysts.
Samsung may move phone manufacturing to Vietnam: analyst｜Companies｜Business｜WantChinaTimes.com
Samsung may move phone manufacturing to Vietnam: analyst｜Companies｜Business｜WantChinaTimes.com
Trade surplus rises to over US$2 billion
(VOV) - Vietnam enjoyed a US$2.05 billion trade surplus in the first four months of the year, the General Statistics Office of Vietnam (GSO) announced on May 15.
The trade surplus outpaced by nearly three-fold the figure of US$683 million previously estimated by the Vietnam Ministry of Planning and Investment.
The country’s exports in April alone climbed to US$13.07 billion while imports tallied US$12.26 billion, creating a trade surplus of US$810 million for the month.
Foreign direct investment (FDI) enterprises continue to account for the high growth in exports. They grossed US$28.94 billion in revenue for first four months, a year-on-year increase of 23%, comprising more than 62% of the country’s total exports.
(VOV) - Vietnam enjoyed a US$2.05 billion trade surplus in the first four months of the year, the General Statistics Office of Vietnam (GSO) announced on May 15.
- FDI sector helps maintain national trade surplus
- US$4.5 bil quarterly trade surplus with US
- Trade surplus hits over US$1.08 billion in Q1
The trade surplus outpaced by nearly three-fold the figure of US$683 million previously estimated by the Vietnam Ministry of Planning and Investment.
The country’s exports in April alone climbed to US$13.07 billion while imports tallied US$12.26 billion, creating a trade surplus of US$810 million for the month.
Foreign direct investment (FDI) enterprises continue to account for the high growth in exports. They grossed US$28.94 billion in revenue for first four months, a year-on-year increase of 23%, comprising more than 62% of the country’s total exports.
Soryu
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Vietnam to get biggest loan from ASEAN infrastructure fund
MANILA Fri May 23, 2014 6:01am EDT
May 23 (Reuters) - Vietnam is set to get the biggest loan so far from the ASEAN Infrastructure Fund (AIF), set up by Southeast Asian nations and the Asian Development Bank to boost infrastructure development in the region, AIF board members said on Friday.
Also, the AIF is looking to increase its $500 million capital via a bond issue in 2016 or 2017, with regional central banks as possible investors, Bambang Brodjonegoro, Indonesia's vice minister of Finance and chairman of the AIF, told Reuters on the sidelines of the World Economic Forum on East Asia.
The board of the AIF approved this week a pipeline of projects to be financed from the fund, including a $100 million loan to a power transmission project for Vietnam, said Ramesh Subramaniam, deputy director general of the Asia Development Bank's Southeast Asia department and AIF board member. He said the projects would be submitted for ADB board approval in July.
The power project will be the single biggest under AIF financing, he said. The ADB will lend another $200 million and the Vietnamese government will finance the rest of the project's total required financing of about $380 million.
The AIF, funded by equity from members of the Association of Southeast Asian Nations (ASEAN) and the ADB, was created in 2012 to lend about $300 million a year to infrastructure projects.
But with infrastructure needs in Southeast Asia projected at $60 billion a year until 2020, there is a need to increase the AIF's capital base.
The fund is preparing for credit rating analyses that will support a successful bond sale that could attract the central banks of China, Japan, South Korea and other countries, Brodjonegoro said. A bigger capital will allow it to also lend to the private sector or state-owned enterprises undertaking public-private partnership projects. (Reporting by Rosemarie Francisco and Siegfrid Alegado; Editing by Ron Popeski)
MANILA Fri May 23, 2014 6:01am EDT
May 23 (Reuters) - Vietnam is set to get the biggest loan so far from the ASEAN Infrastructure Fund (AIF), set up by Southeast Asian nations and the Asian Development Bank to boost infrastructure development in the region, AIF board members said on Friday.
Also, the AIF is looking to increase its $500 million capital via a bond issue in 2016 or 2017, with regional central banks as possible investors, Bambang Brodjonegoro, Indonesia's vice minister of Finance and chairman of the AIF, told Reuters on the sidelines of the World Economic Forum on East Asia.
The board of the AIF approved this week a pipeline of projects to be financed from the fund, including a $100 million loan to a power transmission project for Vietnam, said Ramesh Subramaniam, deputy director general of the Asia Development Bank's Southeast Asia department and AIF board member. He said the projects would be submitted for ADB board approval in July.
The power project will be the single biggest under AIF financing, he said. The ADB will lend another $200 million and the Vietnamese government will finance the rest of the project's total required financing of about $380 million.
The AIF, funded by equity from members of the Association of Southeast Asian Nations (ASEAN) and the ADB, was created in 2012 to lend about $300 million a year to infrastructure projects.
But with infrastructure needs in Southeast Asia projected at $60 billion a year until 2020, there is a need to increase the AIF's capital base.
The fund is preparing for credit rating analyses that will support a successful bond sale that could attract the central banks of China, Japan, South Korea and other countries, Brodjonegoro said. A bigger capital will allow it to also lend to the private sector or state-owned enterprises undertaking public-private partnership projects. (Reporting by Rosemarie Francisco and Siegfrid Alegado; Editing by Ron Popeski)
Soryu
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Foreign manufacturers maintain faith in Vietnam despite riots
By Nguyen Phuong Linh and Donny Kwok
May 19 (Reuters) - Most large companies operating in industrial parks hit by anti-China riots in Vietnam last week have resumed operations, underscoring the irresistible pull of the country as a low-cost manufacturing hub with a relatively skilled workforce.
Manufacturing has increasingly shifted away from China in recent years as wages there are climbing and there is a growing shortage of labour. The speed with which companies have returned to work in Vietnam's industrial parks, which were the focus of rioting just last week, demonstrates the economic draw of doing business in the country, despite the risks.
The riots, which erupted after protests over disputed territory in the South China Sea, had sparked speculation that foreign investors could flee the country, but most say they have no plans to do so.
Vietnam has about 200 industrial parks and they have been a major driver of the country's economic growth, accounting for more than 30 percent of exports and attracting around $110 billion in foreign direct investment.
"Vietnam is one of the most attractive places to do manufacturing. It's a combination of people who are skillful and a good work force that is diligent and competent, and also wage levels that are competitive compared to the rest of Asia," Jerry Shum, a spokesman for Yue Yuen Industrial Holdings Ltd , told Reuters on Monday.
Operations at Yue Yuen, a $4.7 billion company that makes footwear for the likes of Nike Inc and Adidas , had returned to normal after production was temporarily suspended last week, he added.
Companies from Taiwan, Singapore and Hong Kong told Reuters that their investment strategy in Vietnam was unchanged, even though state-run Chinese media said Hanoi's commitment to foreign investors was in doubt.
Some business officials, in particular those from Taiwan, said they had stepped up security at factory facilities, with China Steel Corporation tightening measures at dormitories for its Taiwan and Chinese staff.
BACK TO BUSINESS
Eighty percent of the 326 factories at two Vietnam-Singapore Industrial Parks in the south that were hit by the violence have resumed operations, the parks' operators said. They are run by a joint venture between Vietnam's Becamex IDC Corporation and a Singapore consortium led by Sembcorp Development, part of Sembcorp Industries Ltd.
Taiwan's Formosa Plastics Group, one of the companies worst affected by the anti-China riots, told Reuters on Monday that work at its steel facility in central Vietnam had partially resumed and it hoped all operations would return to normal as soon as possible.
It would also seek compensation from the Vietnamese government for damages to its facilities, it added, although it did not provide details.
A spokesperson for Taiwan contract manufacturer Hon Hai Precision Co Ltd, which makes parts for Apple Inc's iPhone, iPad and laptops, said operations would return to normal from Tuesday and there were no changes to its plans in Vietnam.
Fabric maker Texhong Textile Group said in a statement in Hong Kong that operations at its Vietnam facilities had "substantially" returned to normal and there had been no material disruption.
Texhong Textile had halted production last week after its facilities were damaged, triggering a drop in its shares.
Singapore's Keppel Corp, which has been in Vietnam for about two decades, said its long-term strategy had not changed and it was business as usual for the company.
While most companies were focusing on resuming operations, it was clear the riots had dented sentiment among some Taiwan businesses, which bore the brunt of the damage.
Many of the rioters mistook Taiwanese companies to be owned by mainland Chinese.
"Apart from our factories and facilities being destroyed, the most damage is the sentiment of not only Taiwanese investors and labour, but also their families," Serena Liu, chairwoman of Taiwanese business association in Vietnam, said, bursting into tears at a business forum in Hanoi.
Ten percent of Taiwanese investors had already left the country as they were scared, she added, although she did not provide details and it was unclear if they had left for good. (Additional reporting By Michael Gold in TAIPEI, Yimou Lee in HONG KONG, Yong Ren Toh in SINGAPORE; Writing by Anne Marie Roantree; Editing by Raju Gopalakrishnan)
By Nguyen Phuong Linh and Donny Kwok
May 19 (Reuters) - Most large companies operating in industrial parks hit by anti-China riots in Vietnam last week have resumed operations, underscoring the irresistible pull of the country as a low-cost manufacturing hub with a relatively skilled workforce.
Manufacturing has increasingly shifted away from China in recent years as wages there are climbing and there is a growing shortage of labour. The speed with which companies have returned to work in Vietnam's industrial parks, which were the focus of rioting just last week, demonstrates the economic draw of doing business in the country, despite the risks.
The riots, which erupted after protests over disputed territory in the South China Sea, had sparked speculation that foreign investors could flee the country, but most say they have no plans to do so.
Vietnam has about 200 industrial parks and they have been a major driver of the country's economic growth, accounting for more than 30 percent of exports and attracting around $110 billion in foreign direct investment.
"Vietnam is one of the most attractive places to do manufacturing. It's a combination of people who are skillful and a good work force that is diligent and competent, and also wage levels that are competitive compared to the rest of Asia," Jerry Shum, a spokesman for Yue Yuen Industrial Holdings Ltd , told Reuters on Monday.
Operations at Yue Yuen, a $4.7 billion company that makes footwear for the likes of Nike Inc and Adidas , had returned to normal after production was temporarily suspended last week, he added.
Companies from Taiwan, Singapore and Hong Kong told Reuters that their investment strategy in Vietnam was unchanged, even though state-run Chinese media said Hanoi's commitment to foreign investors was in doubt.
Some business officials, in particular those from Taiwan, said they had stepped up security at factory facilities, with China Steel Corporation tightening measures at dormitories for its Taiwan and Chinese staff.
BACK TO BUSINESS
Eighty percent of the 326 factories at two Vietnam-Singapore Industrial Parks in the south that were hit by the violence have resumed operations, the parks' operators said. They are run by a joint venture between Vietnam's Becamex IDC Corporation and a Singapore consortium led by Sembcorp Development, part of Sembcorp Industries Ltd.
Taiwan's Formosa Plastics Group, one of the companies worst affected by the anti-China riots, told Reuters on Monday that work at its steel facility in central Vietnam had partially resumed and it hoped all operations would return to normal as soon as possible.
It would also seek compensation from the Vietnamese government for damages to its facilities, it added, although it did not provide details.
A spokesperson for Taiwan contract manufacturer Hon Hai Precision Co Ltd, which makes parts for Apple Inc's iPhone, iPad and laptops, said operations would return to normal from Tuesday and there were no changes to its plans in Vietnam.
Fabric maker Texhong Textile Group said in a statement in Hong Kong that operations at its Vietnam facilities had "substantially" returned to normal and there had been no material disruption.
Texhong Textile had halted production last week after its facilities were damaged, triggering a drop in its shares.
Singapore's Keppel Corp, which has been in Vietnam for about two decades, said its long-term strategy had not changed and it was business as usual for the company.
While most companies were focusing on resuming operations, it was clear the riots had dented sentiment among some Taiwan businesses, which bore the brunt of the damage.
Many of the rioters mistook Taiwanese companies to be owned by mainland Chinese.
"Apart from our factories and facilities being destroyed, the most damage is the sentiment of not only Taiwanese investors and labour, but also their families," Serena Liu, chairwoman of Taiwanese business association in Vietnam, said, bursting into tears at a business forum in Hanoi.
Ten percent of Taiwanese investors had already left the country as they were scared, she added, although she did not provide details and it was unclear if they had left for good. (Additional reporting By Michael Gold in TAIPEI, Yimou Lee in HONG KONG, Yong Ren Toh in SINGAPORE; Writing by Anne Marie Roantree; Editing by Raju Gopalakrishnan)
Viet
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Anti-Chinese riots in Vietnam unlikely to have significant economic or commercial impact despite escalating maritime dispute
IHS Jane's Intelligence Weekly
20 May 2014
Key Points
(VOV) - Honda Vietnam has announced that it will launch ten new motorbike models in fiscal year ending March 2015, aiming to turn Vietnam into the “hub” of the motorbike world.
The company unveiled that it aims to sell two million motorbikes during the year increasing its sales volume to US$247 million, up 166% over the prior year.
Honda Vietnam currently has two fully operational factories in Vietnam. A third is expected to be put into operation this coming October capable of producing 2.5 million motorbikes per annum.
(VOV) - At the St. Petersburg International Economic Forum on May 24, the Russian Rosneft Oil and Gas Group and Vietnam Oil and Gas Group (PetroVietnam) signed an agreement including major terms for long-term oil supplies to Dung Quat Oil Refinery in Vietnam.
The signing ceremony was chaired by Russian President Vladimir Putin. Under the agreement, Rosneft will provide Dung Quat Oil Refinery with 6 million tonnes of ESPO oil per year via Kozmino terminal from now till 2039.
Anti-Chinese riots in Vietnam unlikely to have significant economic or commercial impact despite escalating maritime dispute
IHS Jane's Intelligence Weekly
20 May 2014
Key Points
- The anti-China riots were the largest and most violent in Vietnam since the 1979 border war with China.
- The scale of violence suggests that the Vietnamese authorities - while regularly allowing peaceful patriotic protests - were not prepared for the scale of the violent backlash against businesses, and are now taking firm measures to prevent further violence, by detaining a large number of protesters for inciting violence, and address investors' concerns.
- IHS assesses the near-term economic impact on Vietnam will be very limited given that production is likely to resume quickly at the affected sites. Although a short-lived drop in Chinese investment in Vietnam is probable, it is more likely to delay commitment to new projects than lead to the cancellation of existing projects.
- Updated : 5/26/2014 12:13:06 PM
(VOV) - Honda Vietnam has announced that it will launch ten new motorbike models in fiscal year ending March 2015, aiming to turn Vietnam into the “hub” of the motorbike world.
The company unveiled that it aims to sell two million motorbikes during the year increasing its sales volume to US$247 million, up 166% over the prior year.
Honda Vietnam currently has two fully operational factories in Vietnam. A third is expected to be put into operation this coming October capable of producing 2.5 million motorbikes per annum.
- Updated : 5/26/2014 12:00:00 PM
(VOV) - At the St. Petersburg International Economic Forum on May 24, the Russian Rosneft Oil and Gas Group and Vietnam Oil and Gas Group (PetroVietnam) signed an agreement including major terms for long-term oil supplies to Dung Quat Oil Refinery in Vietnam.
The signing ceremony was chaired by Russian President Vladimir Putin. Under the agreement, Rosneft will provide Dung Quat Oil Refinery with 6 million tonnes of ESPO oil per year via Kozmino terminal from now till 2039.
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Viet
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a Singapore company (SUTL Corporation Pte Ltd) wants to invest $2.5b for a yacht club in Phu Yen province
Singapore company expands operation in Vietnam | VOV Online Newspaper
Singapore company expands operation in Vietnam | VOV Online Newspaper
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