Vietnam Chamber of Commerce and Industry - Danang Branch (VCCI Da Nang) is pleased to announce the coming-out of the electronic portal http://smartex.com.vn (SMARTEX for short).

 

As the Vietnam economy still faces many difficulties, people and enterprises are not optimistic to start new businesses or widen business scale. Other investment channels like gold or securities contain many risks. Therefore the flows into commercial banks have sharply increased. The question is whether banks should cut interest rates or offer more favourable conditions to promote outflow?

 

The market is often likened to a battlefield where entrepreneurs as warring factions compete for greater share to become the final winners in a war. Rarely does any win the entire war in this scenario, but many often gain victory in certain battles to secure their foothold on those market segments. In the domestic fast-food market, however, local enterprises are losing in all battles, according to local media.

 

Vietnam and China both have committed to increase the two way trade turnover to $60 billion by 2015. Analysts believe that China would get more slices of the $60 billion cake. 

 

The National Assembly concluded a busy year which included the ratification of a revised Constitution, the Land Law and the Law on Public Procurement. It is expected the new laws will help develop a more liberal economy. 

 

In 2014, it’s highly likely that banks will hesitate to lend due to worry of capital loss and increasing bad debts, while businesses want to borrow but are afraid that they can’t repay the debts, local newswire Bizlive reported.

 

Over the last fortnight, the chairman of Sakyo JSC, a consumer products maker based in Ho Chi Minh City, was shocked to receive complaints about its induction cooker from more than 20 consumers in different localities countrywide, who also asked for gifts from a promotional program the company has never launched.

 

The General Department of Vietnam Customs has sent official dispatches to provincial/municipal customs departments to add and modify the list of price risks and checked price rates of some items branded the General Department-level risks.

 

The customs sector of Vietnam applies digital signature to electronic customs transactions as of November 1, 2013. This is an important preparatory step to deploy the Vietnam Automated Cargo and Port Consolidated System.

 
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CHI NHÁNH PHÒNG THƯƠNG MẠI VÀ CÔNG NGHIỆP VIỆT NAM TẠI ĐÀ NẴNG
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