Vietnam Business News

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• Even big foreign investors cannot reach for Sabeco
• 12 percent credit growth rate proves to be unattainable
• Brazil inspects Vietnam’s seafood safety conditions
• Viettel strives for VND 170,000 billion in 2013
• Da Nang lures international investors
• Vinashin has new general director
• Alumina plants’ capacities may be doubled
• Fruit and vegetable exports continue to grow
• Bad debt ratio decrease raises worry than joy
• Sabeco generates VND470bln revenues in feb 2013: MoIT

Even big foreign investors cannot reach for Sabeco Posted: 09 Mar 2013 09:40 PM PST At least three big foreign investors have expressed their intention to become the strategic partners of Sabeco, the biggest brewery manufacturer in Vietnam. However, they have not been shortlisted. Looking for a foreign strategic partner has always been a priority work Sabeco has been focusing since the day it got equitized in April 2008. However, [...]

12 percent credit growth rate proves to be unattainable Posted: 09 Mar 2013 09:37 PM PST Most commercial banks have reported the very slow outstanding loan growth, forecasting the 12 percent credit growth rate goal for 2013 is unfeasible. The State Bank of Vietnam has announced the program on refinancing VND20-40 trillion to commercial banks, which would disburse to fund the purchases of houses for low income earners at the preferential [...]

Brazil inspects Vietnam’s seafood safety conditions Posted: 09 Mar 2013 09:35 PM PST A delegation of Brazilian inspectors is in Vietnam from March 5-15 to assess the country's seafood safety control system, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The inspectors work for Brazil's Ministry of Agriculture, Livestock and Food Supply (MAPA) and the Ministry of Fisheries and Aquaculture. During the delegation's stay in [...]

Viettel strives for VND 170,000 billion in 2013 Posted: 09 Mar 2013 09:26 PM PST PANO – Viettel has recently held a conference to summarize the 2012 emulation movement, honour outstanding people and launch the 2013 emulation movement. According to reports, the company made remarkable developments in 2012 and became Vietnam's largest telecommunications business with its turnover of VND 141,400 billion and profit of VND 27,500 billion. Viettel also contributed [...]

Da Nang lures international investors Posted: 09 Mar 2013 09:25 PM PST The central city of Da Nang is set to host the Conference on Investment Promotion for the Central Coastal Region from March 21-23. The event will attract around 300 participants from provinces, ministries and international organisations, according to the city’s People’s Committee. The two-day conference at the Crowne Plaza Da Nang will be a chance [...]

Vinashin has new general director Posted: 09 Mar 2013 09:00 PM PST Minister of Transport, Dinh La Thang, has appointed Mr. Vu Anh Tuan as the new General Director of Vietnam Shipbuilding Industry Group (Vinashin), beginning March 1. Mr. Tuan, who served as General Director of a Vinashin's subsidiary, Pha Rung Shipbuilding Industry Corporation, is to replace Truong Van Tuyen, who retired. Tuan is 40 and a [...]

Alumina plants’ capacities may be doubled Posted: 09 Mar 2013 09:00 PM PST The capacities of Tan Rai and Nhan Co alumina plants will remain unchanged from now to 2015, but they could be doubled thereafter if transport infrastructure was good enough, a ministry official said. On January 4, after listening to a report on revisions in the plan for development of the bauxite industry delivered by the [...]

Fruit and vegetable exports continue to grow Posted: 09 Mar 2013 03:47 AM PST Vietnam earned US$119 million from fruit and vegetable exports in the first two months of 2013, up 16 percent on last year's same period. The result continues the sector's 10 year streak of consecutive export growth. This year's fruit and vegetable export turnover is expected to hit US$1 billion, making it possible to join the [...]

Bad debt ratio decrease raises worry than joy Posted: 09 Mar 2013 03:42 AM PST The State Bank of Vietnam has reported that the bad debt ratio has decreased sharply by 2.82 percent to six percent. However, analysts have looked dubiously at the figure. Bad debt ratio plummets Explaining the sharp fall in the bad debt ratio, a senior official of the State Bank of Vietnam said commercial banks have [...]

Sabeco generates VND470bln revenues in feb 2013: MoIT Posted: 09 Mar 2013 03:39 AM PST Saigon Beer – Alcohol – Beverage Corporation (Sabeco) generated total of VND470.15 billion ($22.43 million) revenues in the adjacent month of the Lunar New Year [Feb 2013], slightly down from Feb 2012, the Ministry of Industry and Trade (MoIT) said. The total production value was estimated to reach VND466.64 billion ($22.26 million) in the month, [...]

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