The Business Times: Budget airlines make profit or take loss?

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• Budget airlines make profit or take loss?
• Instant coffee market hotter than ever
• Vietnam receives 6.9 million foreign visitors in 11m/2013, up 10.4% yoy: GSO
• Vietnamese cashew nut exports rocket in 2013
• Agriculture earnings grow despite rice, coffee plunge
• ITACO to amend thermal power project
• Shortage of skilled workers hinders FDI in Vietnam
• Nov 27: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up
• VND2.4 trillion capital construction bonds sold on nov 26
• Shares gain despite selling pressure

Budget airlines make profit or take loss? Posted: 26 Nov 2013 11:33 PM PST  While observers believe that budget airlines cannot make profit in the current difficult conditions, some Vietnamese budget airlines have reported profits and plans to expand their fleets. Vietjet Air has reported the profit of VND120 billion after two years of operation. The budget air carrier plans to buy 92 Airbuses more worth $9 billion in [...] The post Budget airlines make profit or take loss? appeared first on Vietnam Business News.

Instant coffee market hotter than ever Posted: 26 Nov 2013 11:32 PM PST The three big guys Trung Nguyen, Vinacafe Bien Hoa and Nestle are still dominating the instant coffee market, but their affected areas have been narrowed because of the appearance of new brands. The three big guys have continuously launched new products into the market in an effort to retain their market shares. Vinacafe Bien Hoa, [...] The post Instant coffee market hotter than ever appeared first on Vietnam Business News.

Vietnam receives 6.9 million foreign visitors in 11m/2013, up 10.4% yoy: GSO Posted: 26 Nov 2013 11:29 PM PST Vietnam received 6.85 million foreign visitors in the first 11 months of 2013, up 10.2% from the same period last year, the General Statistics Office (GSO) said in its website. Of the some, 4.2  million people came for tourism, entertainment and relaxation, up 12.1% on year. Foreigners came by airlines reached 5.4 million, up 7% on [...] The post Vietnam receives 6.9 million foreign visitors in 11m/2013, up 10.4% yoy: GSO appeared first on Vietnam Business News.

Vietnamese cashew nut exports rocket in 2013 Posted: 26 Nov 2013 07:17 PM PST Vietnam shipped abroad 212,000 tonnes of cashew nut in the first ten months of this year for US$1.34 billion, up 15.5 percent in volume and 8.5 percent in value despite a sharp fall in price. The Ministry of Agriculture and Rural Development said the US, China and the Netherlands remain Vietnam's largest markets, consuming 34 [...] The post Vietnamese cashew nut exports rocket in 2013 appeared first on Vietnam Business News.

Agriculture earnings grow despite rice, coffee plunge Posted: 26 Nov 2013 07:16 PM PST Export earnings from agricultural, forestry and fisheries products in the first 11 months of the year recorded a 1.5 per cent increase year-on-year, reaching US$25.2 billion. Nguyen Viet Chien, director of the Ministry of Agriculture and Rural Development’s Informatics and Statistics Centre, said the situation was not all positive because of a sharp drop in [...] The post Agriculture earnings grow despite rice, coffee plunge appeared first on Vietnam Business News.

ITACO to amend thermal power project Posted: 26 Nov 2013 07:14 PM PST Tan Tao Investment and Industry Corporation (ITACO) has received approval from the Ministry of Industry and Trade to transfer its huge thermal power project in Kien Giang Province from a build-own-operate model to a build-operate-transfer project, a move that will help the company get the Government to guarantee the project. By December 31, if the [...] The post ITACO to amend thermal power project appeared first on Vietnam Business News.

Shortage of skilled workers hinders FDI in Vietnam Posted: 26 Nov 2013 07:11 PM PST Over 20,000 job application letters were sent to Samsung Electronics Vietnam when it announced a major recruitment last April. It was easy for the company to find 1,200 manual laborers, but upper-level personnel were scarce. An official from the firm said it was very difficult to find enough qualified managers and skilled workers in Vietnam [...] The post Shortage of skilled workers hinders FDI in Vietnam appeared first on Vietnam Business News.

Nov 27: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up Posted: 26 Nov 2013 07:06 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Wednesday, unchanged for nearly 5 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, commercial banks raised dollar prices by [...] The post Nov 27: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up appeared first on Vietnam Business News.

VND2.4 trillion capital construction bonds sold on nov 26 Posted: 26 Nov 2013 07:04 PM PST The State Treasury on Nov 26, 2013 sold VND2.4 trillion worth of capital construction bonds out of VND3 trillion auctioned at the Hanoi Stock Exchange (HNX) at the yields of 8.8% pa, local newswire NDH reported. The issuer is the Hanoi People””s Committee (HPC). In the auction, the HPC planned to sell VND3 trillion worth [...] The post VND2.4 trillion capital construction bonds sold on nov 26 appeared first on Vietnam Business News.

Shares gain despite selling pressure Posted: 26 Nov 2013 07:01 PM PST Both benchmark markets in HCM City and Ha Noi extended their gains yesterday. On the Ha Noi Stock Exchange, the HNX-Index ended at 64.90 points, a 0.11 per cent increase compared to Monday’s session. Trading value reached nearly VND256.7 billion (US$12.1 million), however declining 8.8 per cent over the previous day, on a volume of [...] The post Shares gain despite selling pressure appeared first on Vietnam Business News.

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