The Business Times: France – a big trading partner of Vietnam

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• France – a big trading partner of Vietnam
• Vietnam sees bright prospects for handbag exports
• Vietnam outlook rated stable, but wide reforms needed
• No forex rate adjustment now, says SBV
• Vinashin to complete debt restructuring in 2014
• Fund stabilises petrol prices
• Vinatex widens search for new partners
• Gasoline price is likely to rise by 1.45%: HSC
• New Nestle coffee factory begins production
• Vietnam extends loan period for coffee exporters

France – a big trading partner of Vietnam Posted: 11 Jul 2013 12:24 AM PDT France is Vietnam's third largest trading partner, with two-way trade turnover reaching US$3.2 billion last year. It is the second biggest European investor in Vietnam with capitalisation of US$3.1 billion. It is also the leading European aid donor for Vietnam, actively contributing to the country's socio-economic development and poverty reduction. Phan Long, Vice Chairman of [...] The post France – a big trading partner of Vietnam appeared first on Vietnam Business News.

Vietnam sees bright prospects for handbag exports Posted: 11 Jul 2013 12:22 AM PDT Handbag exports have grown impressively with many companies investing in outsourced work for famous products bearing international brand names. According to statistics from Vietnam Customs, the export revenues of suitcases, handbags and umbrellas in the first five months of the year reached US$744.58 million, up 22.22 percent against the same period last year. The total [...] The post Vietnam sees bright prospects for handbag exports appeared first on Vietnam Business News.

Vietnam outlook rated stable, but wide reforms needed Posted: 11 Jul 2013 12:21 AM PDT Global ratings firm Standard and Poor (S&P) has retained its BB-long term and B short term sovereign credit ratings on Vietnam, and said the country's outlook is stable. It also affirmed a BB- issue rating on Vietnam's senior unsecured bonds and a BB+ long term and a B short term ASEAN regional scale rating on [...] The post Vietnam outlook rated stable, but wide reforms needed appeared first on Vietnam Business News.

No forex rate adjustment now, says SBV Posted: 11 Jul 2013 12:21 AM PDT The State Bank of Vietnam (SBV) will not adjust the foreign exchange rate at present and will take bold measures to stabilise the forex market, a senior SBV official has affirmed. SBV deputy governor Le Minh Hung made the affirmation at a press briefing in Hanoi on July 10 amidst recent sharp fluctuations in the [...] The post No forex rate adjustment now, says SBV appeared first on Vietnam Business News.

Vinashin to complete debt restructuring in 2014 Posted: 10 Jul 2013 11:26 PM PDT According to Mr. Nguyen Ngoc Su, Chairman of the Management Board of the Vietnam Shipbuilding Industry Group (Vinashin), the group has a feasible plan to restrict its debts and the plan is scheduled to complete in 2014. Su also said in a recent meeting that the debt restructuring process achieved some results. “In the last [...] The post Vinashin to complete debt restructuring in 2014 appeared first on Vietnam Business News.

Fund stabilises petrol prices Posted: 10 Jul 2013 11:25 PM PDT According to its first edition of quarterly statistics related to the management and use of the fuel price stabilisation fund published on its website on Tuesday, 12 petrol dealers had contributed to the fund. Seven of those using the fund now have positive fund balances, such as the Viet Nam National Petroleum Group (Petrolimex) and [...] The post Fund stabilises petrol prices appeared first on Vietnam Business News.

Vinatex widens search for new partners Posted: 10 Jul 2013 11:25 PM PDT HA NOI(VNS)— The Viet Nam National Textile and Garment Group (Vinatex) would launch an initial public offering (IPO) in the fourth quarter of this year, confirmed Deputy General Director Le Tien Truong on Tuesday. Speaking at a conference to review the results of the first half and targets for the end of this year, Truong [...] The post Vinatex widens search for new partners appeared first on Vietnam Business News.

Gasoline price is likely to rise by 1.45%: HSC Posted: 10 Jul 2013 11:25 PM PDT Gasoline price is predicted to increase by 1.45% or by VND350/litter, Ho Chi Minh Securities Corporation said in its daily news report on July 10, 2013. The forecast was given after the Ministry of Finance (MoF) informed that petroleum price stabilization fund had been fallen to VND55 billion by July 30, 2013 from VND756 billion [...] The post Gasoline price is likely to rise by 1.45%: HSC appeared first on Vietnam Business News.

New Nestle coffee factory begins production Posted: 10 Jul 2013 11:25 PM PDT DONG NAI (VNS)— Viet Nam’s largest instant coffee factory, Nestle Tri An, was officially opened in southern Dong Nai province’s Bien Hoa city on Tuesday. The factory, in the city’s Amata Industrial Park, is worth US$241 million and will produce 32,500 tonnes of soluble coffee per year. It will create jobs for over 200 employees [...] The post New Nestle coffee factory begins production appeared first on Vietnam Business News.

Vietnam extends loan period for coffee exporters Posted: 10 Jul 2013 11:25 PM PDT  The Government will extend its loan assistance period for coffee export activities from 12 to 36 months, providing a timely boost for coffee traders against a backdrop of plunging prices. The State asked the Ministry of Agriculture and Rural Development to work closely with relevant sectors to evaluate present difficulties for exporters and determine which [...] The post Vietnam extends loan period for coffee exporters appeared first on Vietnam Business News.

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