Chuck Kuhn's Asia in Photos: Vietnam Business in Brief

Thursday, March 25, 2010

Vietnam Business in Brief

"Vietnam emerges as top destination for Spanish investors; Lower gas import duty urged; Piaggo introduces manlier scooter
Trade potential between Vietnam and Spain is great and Spanish businesses are considering Vietnam a top priority for their investment, the Spanish Ambassador to Vietnam affirmed.

Ambassador Fernado Curcio Ruigomez delivered these remarks at a meeting with Vietnamese and Spanish businesses held in Hanoi on March 23.

The Ambassador said that more and more Spanish businesses are interested in Vietnam’s market, referring to big names such as Elecnor, Befesa, Alstom and ALG that have joined others on a working visit to the country at this time.

At the meeting, the Vietnam Chamber of Commerce and Industry (VCCI) Vice President Hoang Van Dung affirmed that the Vietnamese government welcomes Spanish businesses to invest in large projects in Vietnam, especially in infrastructure, petroleum, clean energy, tourism and foodstuff processing.

According to the VCCI, Vietnam-Spain trade has grown by 20 percent annually in recent years and Vietnam has a registered trade surplus. In 2009, two-way trade turnover reached 1.1 billion USD.

Spain had, by the end of last year, 16 investment projects in Vietnam, with a combined registered capital of over 20 million USD, ranking 55th on the list of 89 foreign countries and territories investing in Vietnam."

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They say "

“I can’t say what made me fall in love with Vietnam - that a woman’s voice can drug you; that everything is so intense. The colors, the taste, even the rain. Nothing like the filthy rain in London. They say whatever you’re looking for, you will find here. They say you come to Vietnam and you understand a lot in a few minutes, but the rest has got to be lived. The smell: that’s the first thing that hits you, promising everything in exchange for your soul. And the heat. Your shirt is straightaway a rag. You can hardly remember your name, or what you came to escape from. But at night, there’s a breeze. The river is beautiful. You could be forgiven for thinking there was no war; that the gunshots were fireworks; that only pleasure matters. A pipe of opium, or the touch of a girl who might tell you she loves you. And then, something happens, as you knew it would. And nothing can ever be the same again.”
― Graham Greene, The Quiet American

Tips on Travel to Vietnam

It's always warm in Southeast Asia apart from high mountains, so leave the heavy clothing at home. Cotton and breathable fabrics are always better than synthetics -- although cotton does wrinkle a lot when traveling! December through April is roughly the dry season in that region, although it can still rain a little. December is a good time to go in terms of temperature -- cooler than in the humid summertime. Either way, wearing more clothing (shirt sleeves and long pants) is always more respectful towards the Asian culture, especially when visiting temples and rural areas.