Vietnam Business News

---

• Stagnant Response to Coffee Price Fluctuation
• Vietnam Rice Exporters to Face Fiercer Global Competition
• Vietcombank Named Best Vietnam Bank for Trade Finance
• Vietnam Economists Urge to Boost Credits for Firms
• Monetary Market Continues to be Stable till Year-end
• Vietnamese Insurers: Upbeat with Earnings Prospects
• M&A – Solution for Joint Development
• Vietnam to Set up Food Group?
• Vietnam Economy Expected to Benefit from China’s Dynamic Growth
• EU Continues First Ranking in Trade and Investment

Stagnant Response to Coffee Price Fluctuation Posted: 23 Jul 2010 07:06 AM PDT The global coffee market witnessed a bounce and a dip in the first half of 2010 and the Vietnamese coffee industry still showed its slow response and inconsistent guidance to cope with market fluctuations. This fact has put coffee traders, exporters and farmers at a disadvantage. Although Vietnam is the second largest coffee exporter in the [...]

Vietnam Rice Exporters to Face Fiercer Global Competition Posted: 23 Jul 2010 07:04 AM PDT Vietnam's rice export may face a gloomy time due to fierce competition from two neighboring rivals of the Philippines and Cambodia, said Pham Hoang Ngan, director of agricultural analysis firm Agrovietlink Corporation. The Philippines, which bought 50.6% of Vietnam's rice exports in the first half of this year, is implementing a large-scale rice cultivation program, Ngan [...]

Vietcombank Named Best Vietnam Bank for Trade Finance Posted: 23 Jul 2010 06:57 AM PDT The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has recently been awarded Best Vietnamese Bank for Trade Finance 2010 title by Trade Finance Magazine in Hong Kong. This is the third consecutive year the only Vietnamese bank has achieved this award. The annual award is voted by Trade Finance readers at www.tradefinancemagazine.com from [...]

Vietnam Economists Urge to Boost Credits for Firms Posted: 23 Jul 2010 06:57 AM PDT Vietnam should take prompt action to help enterprises gain easier access to bank loans as the consumer price index is forecast to be equal or lower than the 2010 target of 8%, economists said at a seminar last week. Cao Sy Kiem, a member of the National Monetary Policy Advisory Council, said local enterprises remained hesitant [...]

Monetary Market Continues to be Stable till Year-end Posted: 23 Jul 2010 06:56 AM PDT The interest rate in foreign currency deposits and loans is now in tune with global developments, and the capital supply and demand in the Vietnamese market cannot increase strongly because the interest rate tends to be stable at low level thanks to safe and sound monetary policies. Mr Nguyen Huu Nghia, Director of the Department of [...]

Vietnamese Insurers: Upbeat with Earnings Prospects Posted: 23 Jul 2010 06:56 AM PDT The Vietnamese Ministry of Finance said Vietnam is now home to nearly 50 insurance companies operating in the fields of life insurance, non-life insurance, insurance brokerage, and reinsurance. Despite potential difficulties, insurers are showing no sign of worry, given satisfactory profits. Positive profit Several insurers have reported very good earnings in the first six months of 2010. BIDV [...]

M&A – Solution for Joint Development Posted: 23 Jul 2010 06:55 AM PDT After the worst economic crisis in more than five decades, many Vietnamese enterprises accepted mergers and acquisitions (M&A) to make business viable and maintain development. A spreading boom in M&A M&A transactions are presently seen most frequently in the banking sector because, according to the Government’s Decree No 141/2006/ND-CP dated November 22, 2006, a credit institution must [...]

Vietnam to Set up Food Group? Posted: 23 Jul 2010 06:54 AM PDT Recently, the Ministry of Agriculture and Rural Development has proposed the establishment of a food group to deal with the volatility of rice prices. However, there are certain disputes on the formation of such a big entity which will require a large source of finance to be operational. It is also doubted ability of this [...]

Vietnam Economy Expected to Benefit from China’s Dynamic Growth Posted: 23 Jul 2010 06:53 AM PDT Recent structural changes in China's growth dynamics are providing Vietnam the opportunity to become one of the most competitive export hubs in the region. China's rising cost of labor and appreciating RMB is shifting international interest to Vietnam, where the cost of labor is already half as much as China's and the currency has shown recent [...]

EU Continues First Ranking in Trade and Investment Posted: 23 Jul 2010 06:52 AM PDT EU Ambassador Sean Doyle has recently introduced Green Book 2010 in Hanoi and said that he was glad to witness the vigorous recovery of Vietnam economy after the economic recession and proud to announce that EU continues to be important strategic partner of Vietnam in all areas: trade, economic, political and cultural. The Report of [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610