Friday, April 19, 2013

Vietnam Business News

Vietnam Business News

Business difficulties likely to continue

Posted: 19 Apr 2013 12:54 AM PDT

HA NOI — Enterprises believe the business climate will be difficult again this year and most of them are content to just survive rather than expand. This was according to the Viet Nam Chamber of Commerce and Industry (VCCI) survey of more than 600 enterprises in December 2012, announced in its Enterprise Annual Report launched [...]

Petrol price drops on global decline

Posted: 19 Apr 2013 12:50 AM PDT

HA NOI— Fuel distributors in Viet Nam yesterday reduced the retail price of 92-octane petrol by 1.7 per cent to VND23,640 ($1.13) per litre and trimmed prices of several other oil products, the second cut in less than 10 days. The price of diesel will drop 0.47 percent to VND21,350 per litre as of 7pm, [...]

Vietnam has 580 tons of sugar inventory as of mid-april: VSSA

Posted: 19 Apr 2013 12:48 AM PDT

Vietnam saw 580 tons of sugar in inventory in April, up 100 tons from previous month, said Vietnam Sugarcane and Sugar Association (VSSA). In the past 3 months, each month Vietnam added 100 tons of sugar to the inventory due to low demand. However, sugar prices have been increased in the past week after the [...]

Challenges for exports to Africa

Posted: 19 Apr 2013 12:30 AM PDT

Vietnamese exports to major African markets slowed down in the first quarter of the year due to fierce competition. South Africa, Algeria, Nigeria and Angola experienced slight growth while Egypt, Ghana, Ivory Coast and Senegal saw a sharp decline in Vietnamese imports, according to the Vietnam General Department of Customs. Major exports include rice, coffee, [...]

Annual report on Vietnamese businesses unveiled

Posted: 19 Apr 2013 12:29 AM PDT

The Vietnam Chamber of Commerce and Industry (VCCI) released 2012 edition of its annual report on Vietnamese businesses in Hanoi on April 18. The report reviewed developments in economic growth, the import-export balance, the state of foreign investment, and the implications of world market events. Addressing the conference, VCCI President Vu Tien Loc said the [...]

Domestic pharmacy firms threading their ways through chinks

Posted: 19 Apr 2013 12:25 AM PDT

Domestic pharmacy firms, which understand the power of foreign groups, do not intend to confront the big guys, but try to attach niche markets to earn small changes. The unequal struggle International pharmacy groups, one after another, have announced their big investment projects in Vietnam. Sanofi has announced the additional investment of $75 million in [...]

Textile exports sharply rise in new markets

Posted: 18 Apr 2013 08:08 PM PDT

A sharp rise in Vietnam's textile exports to foreign markets that are not traditional importers was recorded in the first quarter by the General Department of Customs. According to a report released on Tuesday, apparel exports brought home US$3.7 billion in the first three months, surging 18.3% year-on-year, with shipments bound for numerous new markets [...]

VTV television expands to Japan

Posted: 18 Apr 2013 08:08 PM PDT

HA NOI— Viet Nam’s national television company (VTV) launched a bureau in Japan on Tuesday in a move to expand its foreign network. Speaking at the inauguration ceremony, VTV General Director Tran Binh Minh said the new bureau will cover news on Japan from all angles along with work that helps link the two countries’ [...]

Ha Noi holds nation’s first international travel market

Posted: 18 Apr 2013 07:57 PM PDT

HA NOI— Tourism companies from 18 different countries and territories home and abroad gathered for the first Viet Nam International Travel Mart (VITM) yesterday in Ha Noi. The event has been identified as an invaluable opportunity for Viet Nam to promote its unique tourism brand to international friends and investors. In his address to the [...]

Ascott entrenches presence in Vietnam

Posted: 18 Apr 2013 07:51 PM PDT

Singapore is the leading  property investor in Vietnam. Despite the global economic distress and Vietnam's real estate market downturn, Singaporean investors remain active in this market. VIR's Bich Ngoc talks with Graham Black, Country General Manager for Vietnam from The Ascott Limited, about the company's development in Vietnam. Singaporean real estate investors have proved their [...]
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