Vietnam Business News

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• Industrial production endures hardship in low demands
• Finance companies not up to the task
• Retail brightens dull market
• Getting real about Vietnam’s real estate
• Stronger hand set to control NPLs
• Vietnam Airlines’ IPO is all set to take to the air this year
• Vietnamese rice resumes exports to Japan
• Financial M&As ready to find their feet
• Bleak economic outlook but FDI offers light at end of tunnel
• Agro-forestry-seafood exports maintain growth

Industrial production endures hardship in low demands Posted: 28 Jan 2013 10:12 PM PST The Industrial Production Index (IPI) is estimated to jump by 21.1% against the same period last year but drop 3.2% against the previous month as demands for industrial products remain low in the threshold of the Lunar New Year. In January, IPI in mineral industry surged by 4.7%; processing and manufacturing industry 26.3%; electric production [...]

Finance companies not up to the task Posted: 28 Jan 2013 10:10 PM PST Struggling against weak efficiency and a heavy load bad debts, Vietnamese finance companies are finding ways to restructure. Currently, besides six 100 per cent foreign owned companies operating in the field of consumer credit, Vietnam has 12 state-owned finance companies established in late 1990s. However, the companies, which are the subsidiaries of state groups and [...]

Retail brightens dull market Posted: 28 Jan 2013 10:10 PM PST Even though much of the Vietnam real estate market has been frozen in recent times, the retail segment seems to be developing steadily, offering a bright spot on the horizon, according to experts. Marc Townsend, managing director of CBRE Vietnam, said retail spaces are thriving especially in District 1 in Ho Chi Minh City and [...]

Getting real about Vietnam’s real estate Posted: 28 Jan 2013 10:09 PM PST Last year was seen as one of the most difficult years for Vietnam's real estate market. However, with many initiatives to address the market waiting in the wings, developers and consultants are still positive for a better year. Bich Ngoc talks with them about challenges and opportunities they may face in 2013. Robert Johnston, national [...]

Stronger hand set to control NPLs Posted: 28 Jan 2013 10:04 PM PST The State Bank last week released a new circular stipulating stricter requirements on the classification of non-performing loans. The move provides a starker portrait of the banking system's challenges as it effectively acknowledges that the sum of the bad debts burdening the system is significantly larger than the State Bank's most recent estimate of $12.1 [...]

Vietnam Airlines’ IPO is all set to take to the air this year Posted: 28 Jan 2013 10:04 PM PST Vietnam Airlines is set to take to the air with its initial public offering by the end of 2013. The government last week approved Vietnam Airlines' restructuring plan for 2012-2015. Accordingly, the state will decrease its stake in the airline to 65-75 per cent after its initial public offering (IPO) this year. In the initial [...]

Vietnamese rice resumes exports to Japan Posted: 28 Jan 2013 10:03 PM PST Two Vietnamese rice exporters have recently managed to ship their product to Japan again after the East Asian country ceased imports five years ago. The Mekong Delta-based An Giang Import Export Co (Angimex) last year won a bid to supply 30,000 tons of white rice to Japan, and the deal has since been settled, CEO [...]

Financial M&As ready to find their feet Posted: 28 Jan 2013 09:49 PM PST Financial sector merger and acquisition (M&A) transactions will keep increasing this year as the government restructures the banking sector. Ed Johns, advisory associate director at PricewaterhouseCoopers Vietnam, puts VIR's Linh Mai into the picture. What level of financial services M&As did you see in 2012? It was relatively quiet throughout the first 11 months of [...]

Bleak economic outlook but FDI offers light at end of tunnel Posted: 28 Jan 2013 09:48 PM PST Although the Vietnamese economy is expected to continue to trend downward this year, the country still has untapped potential, speakers said at a meeting of the Canadian Chamber of Commerce in Viet Nam in HCM City last week. “Huge State debt, sagging consumer confidence, more bankruptcies and unemployment, slower growth and spending and reliance on [...]

Agro-forestry-seafood exports maintain growth Posted: 28 Jan 2013 09:47 PM PST Vietnam's agro-forestry-seafood exports have maintained growth in the first month of 2013 with an estimated turnover of 2.17 billion USD, a year-on-year increase of 39.7 percent. According to the Ministry of Agriculture and Rural Development, most export staples except rice and rubber, saw rises in both volume and value. In January, the country shipped about [...]

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