Vietnam Business News

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• Dairy giant strives to milk profits from factory and farm investments
• Vietnam’s mechanical engineering development plan fails completely
• SBV explains gold price gap
• Petrol cheaper as global price falls
• Banks look to strengthen foreign ties to weather choppy economy
• ASEAN prioritises community building efforts
• Ha Long hosts trade, tourism and food fair
• Agricultural products need protection after FTA
• Canon opens first Image Square store in Hanoi

Dairy giant strives to milk profits from factory and farm investments Posted: 27 Apr 2013 08:35 PM PDT HCM CITY— Vinamilk has decided to issue dividend cash payments of 34 per cent to its shareholders this year, up from the 30 per cent rate given last year. The company made the announcement yesterday at its annual shareholders’ meeting, where it released its business and operation plans for 2013. Vinamilk expects total revenue for [...]

Vietnam’s mechanical engineering development plan fails completely Posted: 27 Apr 2013 08:33 PM PDT No considerable progress has been made so far in the mechanical engineering over the last 10 years when Vietnam implemented the 10-year industry development strategy. Goals unattainable Under the mechanical engineering industry development strategy, Vietnam strived to churn out the products meeting 40-50 percent of the domestic demand and export 30 percent of the total [...]

SBV explains gold price gap Posted: 27 Apr 2013 08:28 PM PDT HA NOI—Viet Nam’s reliance on imports to meet gold demand led to the difference in domestic and global prices of the precious metal, said Deputy Governor of State Bank of Viet Nam Le Minh Hung. He made the comment during a Government cabinet meeting in Ha Noi yesterday. To curb inflation and stabilise the macro [...]

Petrol cheaper as global price falls Posted: 27 Apr 2013 08:27 PM PDT HA NOI — Petrol retailers yesterday cut prices by VND301 per litre in the wake of a request from the Ministry of Finance. Accordingly, a litre of RON 95 is now priced at VND24,140 and RON 92 is VND23,640. Prices of diesel and kerosene were also adjusted down VND90 and VND81 per litre to VND21,360 [...]

Banks look to strengthen foreign ties to weather choppy economy Posted: 27 Apr 2013 08:23 PM PDT Some Vietnam banks are pondering new and deeper foreign partnerships to strengthen their positions amid current stormy economy. In its upcoming general shareholder meeting slated on April 25, Sacombank executives will reaffirm its commitment to sell 15 per cent stake to foreign partners, according to a bank source. In fact, the commitment was already approved [...]

ASEAN prioritises community building efforts Posted: 27 Apr 2013 08:20 PM PDT PM Nguyen Tan Dung has emphasised the need to realise the vision of a united and resilient ASEAN community in order to expand its role in addressing regional challenges. The bloc needs to act proactively and with unity to maintain a regional environment of peace, security and development, and to effectively cope with challenges such [...]

Ha Long hosts trade, tourism and food fair Posted: 27 Apr 2013 08:16 PM PDT A trade, tourism and food fair opened in Ha Long city in the northern coastal province of Quang Ninh on April 26 as part of the 2013 Ha Long Carnival. The event features 120 stalls representing more than 100 businesses and economic organizations from the province and across the country. Garments and textiles, electronics, refrigeration [...]

Agricultural products need protection after FTA Posted: 27 Apr 2013 08:14 PM PDT Signing the Free Trade Agreement (FTA) between the European Union (EU) and Vietnam will create opportunities for exported Vietnamese agricultural products in the EU market. The EU will not only reduce its taxes on these goods but also accept responsibility for protecting the reputations of famous Vietnamese agricultural produce brands. The European Commission (EC) in [...]

Canon opens first Image Square store in Hanoi Posted: 27 Apr 2013 08:11 PM PDT World leading image technology solution provider Canon officially launched its first Image Square store on April 27at the Vincom shopping mall in Hanoi. The store displays authentic, high-quality Canon products, including its full line of professional imaging products as well as DSLR and digital cameras, lenses and printers. Image Square is a chain of branded [...]

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