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BUSINESS IN BRIEF 19/10   2008-10-19 - VNA

Vietnam, India discuss trade remedies

India is one of the countries experienced in tackling the imposing of anti-dumping measures. During 1995-2007, the country conducted investigations into 508 anti-dumping cases related to exports.

A delegation from the Ministry of Industry and Trade visited India from October 12-17 to learn experiences in the enforcement of anti-dumping, anti-subsidy and trade defence laws as well as in dealing with foreign lawsuits on export goods.

During the visit, the Vietnam Competition Administration delegation worked with the Indian Ministry of Industry and Trade’s Anti-dumping and Anti-subsidy General Department and the Indian Finance Ministry’s Trade Defence General Department.

The India agencies introduced the Vietnamese guests of legal regulations and procedures for investigations related to and application of anti-dumping, anti-subsidy and safeguard measures.

The two sides exchanged information on issues relating to market-oriented economy and experiences in dealing with trade lawsuits at the World Trade Organisation (WTO).

The Vietnamese delegation also met representatives of several law firms and associations of major export industries in India.

India is one of the countries experienced in tackling the imposing of anti-dumping measures. During 1995-2007, the country conducted investigations into 508 anti-dumping cases related to exports.

ABBank signs Microsoft deal for technology use

An Binh Joint-Stock Commercial Bank (ABBank) signed an agreement with Microsoft Vietnam last week for using its technology and licensed software.

The bank said the signing is aimed at standardising its operations internationally and bringing value addition for clients.

ABBank decided to deploy Microsoft Exchange Server 2007 for several reasons. They have long planned to combine their IT infrastructure with Microsoft’s compatible technologies.

Christophe Desriac, general director of Microsoft Vietnam, said: “It will help ABBank deliver new services quickly through the application of Microsoft’s advanced technologies.

KIS Vietnam Securities gets official go-ahead

The State Securities Commission has given approval in principle to grant an operation licence to KIS Vietnam Securities.

KIS has three shareholders, Korea Investment and Securities Company, Viet Ha Production, Trade, Investment and Service; and the Vietcombank Securities Fund Management Joint Venture Company.

The newly licensed company will act as brokers for securities, handle institutional trading, underwrite shares, and carry out investment and depository consulting.



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