The Business Times: Coffee market large enough for late comers

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• Coffee market large enough for late comers
• Draft to bolster stock market supervision
• Vinacomin coal exports decline after tax hike
• Pepper Association urges caution before signing export contracts
• Mergers defy economic downturn
• Vietnam-Denmark’s two-way trade falls
• New Zealand – Vietnam’s reliable partner
• Bond trading value on secondary market in july falls 25.7% m/m
• VND38bln net injected via OMO on aug 8
• Vietnam allows central bank to hold stakes in weak lenders

Coffee market large enough for late comers Posted: 08 Aug 2013 11:51 PM PDT The Vietnamese coffee market is large enough not only for the strong brands such as Starbucks, Trung Nguyen or Highlands. A lot of small cafes have been living well, while more and more new take-away cafés have opened. Though having powerful financial capability and large distribution networks, the "big guys" still cannot cover the whole [...] The post Coffee market large enough for late comers appeared first on Vietnam Business News.

Draft to bolster stock market supervision Posted: 08 Aug 2013 11:48 PM PDT HA NOI (VNS)— A new draft decree from the Ministry of Finance (MoF) will see tighter supervision of the country’s bourses, and the Viet Nam Securities Depository Centre (VSD). The draft “Guidelines for the financial management and evaluation of performance of stock exchanges and VSD” will replace Circular 29/2010 which provides current guidelines for the [...] The post Draft to bolster stock market supervision appeared first on Vietnam Business News.

Vinacomin coal exports decline after tax hike Posted: 08 Aug 2013 11:47 PM PDT HA NOI (VNS)— Viet Nam National Coal and Mineral Industries Group (Vinacomin)’s coal exports last month declined by 10 times over the previous month to 100,000 tonnes after a rise in export tax from 10 per cent to 13 per cent in mid July. The rise in coal export prices caused many importers to seek [...] The post Vinacomin coal exports decline after tax hike appeared first on Vietnam Business News.

Pepper Association urges caution before signing export contracts Posted: 08 Aug 2013 11:46 PM PDT HA NOI (VNS)— Pepper enterprises needed to be aware of the risks in considering export volumes, prices, payment methods and delivery times when signing export contracts, the Viet Nam Pepper Association suggested. The world economic recession along with the social and political changes in North Africa and the Middle East had influenced import/export, particularly when [...] The post Pepper Association urges caution before signing export contracts appeared first on Vietnam Business News.

Mergers defy economic downturn Posted: 08 Aug 2013 11:44 PM PDT HCM CITY (VNS)— Mergers and acquisitions have been on the rise in Viet Nam since 2008 in terms of both value and number of deals despite the economic downturn, according to a study released yesterday by auditing and consulting firm KPMG. In 2008, there were 92 deals worth US$1.1 billion, the figures rose to 308 [...] The post Mergers defy economic downturn appeared first on Vietnam Business News.

Vietnam-Denmark’s two-way trade falls Posted: 08 Aug 2013 11:44 PM PDT Vietnam-Denmark's bilateral trade fell to $221.9 million in the first half of 2013, down 10% on year, the European Market Department under the Ministry of Industry and Trade (MoIT) said, citing data from the General Customs. In which, exports from Vietnam to Denmark reached $133.6 million in the period, down 6% on year while imports [...] The post Vietnam-Denmark's two-way trade falls appeared first on Vietnam Business News.

New Zealand – Vietnam’s reliable partner Posted: 08 Aug 2013 11:44 PM PDT New Zealand Governor-General Jerry Mateparae has affirmed his country's pride in becoming Vietnam's reliable partner in industries including food and beverages, forestry, construction, aviation, and education. The NZ Governor-General met with HCM City leaders and 100 representatives of both countries' business communities in the city on August 7. Addressing the meeting, Governor-General Mateparae noted the surging [...] The post New Zealand – Vietnam's reliable partner appeared first on Vietnam Business News.

Bond trading value on secondary market in july falls 25.7% m/m Posted: 08 Aug 2013 11:33 PM PDT Trading value of bonds and bills on the secondary market plunged by 25.7% on-month to VND35.885 trillion in the seventh month of 2013, said Vietcombank Securities Co. (VCBS) in its bond report. In details, trading value for bonds declined by 24% on-month to VND33.44 trillion while that for bills decreased by 69% to VND445 billion [...] The post Bond trading value on secondary market in july falls 25.7% m/m appeared first on Vietnam Business News.

VND38bln net injected via OMO on aug 8 Posted: 08 Aug 2013 11:33 PM PDT The State Bank of Vietnam (SBV) net withdrew VND64 billion through open market operation (OMO) on Aug 8 after it pumped VND214 billion and withdrew VND176 billion during the day. Yesterday, the SBV sold VND1,000 billion 91-day Treasury bills at 4.5% and VND1,000 billion 154-day debts at 5.2%. On the same day, there were VND1,538 [...] The post VND38bln net injected via OMO on aug 8 appeared first on Vietnam Business News.

Vietnam allows central bank to hold stakes in weak lenders Posted: 08 Aug 2013 11:33 PM PDT The State Bank of Vietnam will be able to buy stakes in specific weak banks to restructuring them, following a decision made by the government last week, news website thoibaokinhtesaigon reported Monday. The decision, which will take effect by September 20, is part of a plan to restructure the banking system approved by the government [...] The post Vietnam allows central bank to hold stakes in weak lenders appeared first on Vietnam Business News.

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