Vietnam Business News

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• The biggest affairs relating to coffee brands in 2011 (part 1)
• NPL ratios increase sharply, worrying bankers
• Top ten shrimp and tra fish exporters
• How to improve Hanoi’s PCI
• Gold prices in domestic market rise upon global rise
• Arrows miss socio-economic target
• Foreigners eyeing Vietnamese pharmacy companies and domestic market
• Sugar imports to rise in August
• Cars imported from Japan enjoy lower tariffs
• Delta targets annual 12 percent growth over next decade

The biggest affairs relating to coffee brands in 2011 (part 1) Posted: 29 Apr 2012 08:28 PM PDT The Vietnamese coffee market in 2011 witnessed a series of big deals wrap up. However, analysts say it's not easy to squeeze into the market. The surprising affairs Any information relating to the current most famous coffee brand–Highlands Coffee, always catches the special attention of the public. After buying Pho 24 brand, the owner of [...]

NPL ratios increase sharply, worrying bankers Posted: 29 Apr 2012 08:27 PM PDT A lot of commercial banks have faced the big non-performing loans (NPL) of up to trillions of dong by the end of the first quarter of 2012. A bank reportedly had seen the NPL triple that of early this year. The Q1 finance reports of some commercial banks show the same problem that while the [...]

Top ten shrimp and tra fish exporters Posted: 29 Apr 2012 08:26 PM PDT The Minh Phu Seafood Corporation continues to be the leading shrimp and tra fish exporter in the country, recording US$75.7 million in exports during the first three months of this year, triple that of second ranked Quoc Viet Company. According to Vietnam Customs, shrimp exports in the first quarter of this year hit more than [...]

How to improve Hanoi’s PCI Posted: 29 Apr 2012 08:25 PM PDT Hanoi's provincial competitiveness index (PCI) in 2011 ranked 36th among 63 provinces and cities throughout the country. The Hanoi municipal People's Committee has recently organized a conference to discuss solutions to improve the capital's PCI in 2012. Dau Anh Tuan, an expert from the Vietnam Chamber of Commerce and Industry (VCCI), says despite making some [...]

Gold prices in domestic market rise upon global rise Posted: 29 Apr 2012 02:16 AM PDT Vietnam gold prices climbed to VND43.07 million/tael on Saturday morning. World gold rose for the fourth straight day in New York trade last night. SJC Hanoi quoted at VND42.85 million/tael for bid and VND43.07 million/tael for ask, respectively as of 8:46 am, Hanoi time. Sacombank-SBJ gold was listed at VND42.91-VND42.95 million/tael for bid and ask, respectively. [...]

Arrows miss socio-economic target Posted: 29 Apr 2012 02:14 AM PDT Vietnam's 2011 socio-economic development is under the microscope. The Ministry of Planning and Investment (MPI) reported that nine out of 22 socio-economic development targets for 2011 had fallen short projections. For instance, the economy just grew 5.89 per cent against a projected 6 per cent and far below 6.78 per cent growth in 2010. Besides, [...]

Foreigners eyeing Vietnamese pharmacy companies and domestic market Posted: 29 Apr 2012 02:11 AM PDT Under the current laws, foreign companies do not have the right to directly distribute pharmaceutical products in Vietnam. However, foreign investors still can see special investment opportunities in the Vietnamese market.Analysts have said that foreign pharmaceutical companies have been continuously increasing their share ownership ratios in domestic companies over the last two years. Chilean CFR [...]

Sugar imports to rise in August Posted: 29 Apr 2012 02:10 AM PDT The Ministry of Agriculture and Rural Development said the volume of sugar for sale in the past month increased by 150,000 tonnes compared to the same period last year. However, this year’s sugar production output is forecast to be lower than what was targeted. Thus, Viet Nam will face a sugar shortage beginning in August [...]

Cars imported from Japan enjoy lower tariffs Posted: 29 Apr 2012 02:10 AM PDT Many automobiles imported from Japan will enjoy lower import taxes, according to the new special preferential import tariffs announced by the Ministry of Finance in the implementation of the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEF) in the 2012-2015 period. Import tariffs levied on passenger vehicles and ambulances drop to 5 percent from 6 percent, while [...]

Delta targets annual 12 percent growth over next decade Posted: 29 Apr 2012 02:09 AM PDT The Cuu Long (Mekong) Delta region targets annual economic growth of 12 percent through 2020, hoping to raise per capita income to 70 million VND (3,350 USD) per year, according to the Southwest Region Steering Committee. The region will be developed into a focal economic zone, an area specialising in food and fisheries produce, according [...]

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