Kon Tum (VNA) – The Bo Y Border Gate Economic Zone in the central highland province of Kon Tum has attracted 12 new foreign-invested projects whose total registered capital is 17 billion USD, said Nguyen The Dat, heat of the zone management board.
Among the projects are a 3 billion USD five-star hotel, trade centre, golf course complex and an international airport worth 6 billion USD.
To Date, the board has granted licences to 23 projects worth a total of 685 billion VND (43 billion USD) of which 17 are under construction.
TTA2503.016 State bank says businesses must build brand names
HCM City (VNA) – Businesses as well as banks need a strong brand name to win customers, a state bank official has said.
Le Xuan Nghia, director of the State bank of Vietnam ’s Strategy Department, said commercial banks depended largely on the trust of the public.
“Banking is the sector that uses information technology at a high rate with around 80 percent of its activities computerised. So the IT level will show that it is a modern bank and customers will feel it can be trusted,” said Nghia, speaking at a seminar on brandnames organised yesterday in HCM City by the Vietnam Economics and Trade Promotion Department (Vietrade) of the Ministry of Industry and Trade.
Nghia said banks has a significant and direct effect, “like blood” on the economy.
“An economy can only be strong with a strong banking sector,” he said.
“A weak company has little impact on the economy, but a bank that could lose its liquidity will have an impact on the entire banking system and put the economy in a difficult situation.”
“Banks’ brand names can be the nation’s brandname,” he added.
Senior economist Dr. Le Dang Doanh said that Vietnam , since joining the World Trade Organisation, was enhancing its brandname with high, stable growth and a young, clever and skilled workforce.
Vietnam was a domestic market with potential in a strategic geographic position, he said, adding that the Government was willing to cooperate with businesses.
“ Vietnam ’s exports in areas including tourism, garments, footwear and home electronics have shown that the country is hospitable and friendly for business,” said Doanh.
He said the country should have hi-tech products with an international brandname like that of Toyota of Japan or Samsung of the Republic of Korea .
“ Vietnam should not be satisfied with just the brandname of pho,” he said.
Former Minister of Trade Truong Dinh Tuyen said a national brandname that reflected creativity, high quality and leadership would help attract investment, develop markets in and outside the country, and improve competitiveness and State management. This would lead to rapid but sustainable development, he said
Among the projects are a 3 billion USD five-star hotel, trade centre, golf course complex and an international airport worth 6 billion USD.
To Date, the board has granted licences to 23 projects worth a total of 685 billion VND (43 billion USD) of which 17 are under construction.
TTA2503.016 State bank says businesses must build brand names
HCM City (VNA) – Businesses as well as banks need a strong brand name to win customers, a state bank official has said.
Le Xuan Nghia, director of the State bank of Vietnam ’s Strategy Department, said commercial banks depended largely on the trust of the public.
“Banking is the sector that uses information technology at a high rate with around 80 percent of its activities computerised. So the IT level will show that it is a modern bank and customers will feel it can be trusted,” said Nghia, speaking at a seminar on brandnames organised yesterday in HCM City by the Vietnam Economics and Trade Promotion Department (Vietrade) of the Ministry of Industry and Trade.
Nghia said banks has a significant and direct effect, “like blood” on the economy.
“An economy can only be strong with a strong banking sector,” he said.
“A weak company has little impact on the economy, but a bank that could lose its liquidity will have an impact on the entire banking system and put the economy in a difficult situation.”
“Banks’ brand names can be the nation’s brandname,” he added.
Senior economist Dr. Le Dang Doanh said that Vietnam , since joining the World Trade Organisation, was enhancing its brandname with high, stable growth and a young, clever and skilled workforce.
Vietnam was a domestic market with potential in a strategic geographic position, he said, adding that the Government was willing to cooperate with businesses.
“ Vietnam ’s exports in areas including tourism, garments, footwear and home electronics have shown that the country is hospitable and friendly for business,” said Doanh.
He said the country should have hi-tech products with an international brandname like that of Toyota of Japan or Samsung of the Republic of Korea .
“ Vietnam should not be satisfied with just the brandname of pho,” he said.
Former Minister of Trade Truong Dinh Tuyen said a national brandname that reflected creativity, high quality and leadership would help attract investment, develop markets in and outside the country, and improve competitiveness and State management. This would lead to rapid but sustainable development, he said
Via:lawyer-vietnam.com
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