The Business Times: Hong Kong investors buy Vinacafe shares

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• Hong Kong investors buy Vinacafe shares
• Vietnam’s economy has never been sustainable
• Motorbike manufacturers choose VN as production base
• VN shipping firms face uphill battle
• Vietnam may open doors to rescue small banks
• Forex rate not to rise above 2pct in 2014: Governor
• Cement sector grows while steel market stagnates

Hong Kong investors buy Vinacafe shares Posted: 29 Dec 2013 12:03 AM PST The Hong Kong-based GaoLing Fund has bought a 24% share in Bien Hoa Vinacafe (VCF) for VND877.5 billion. The shares were purchased from the Vietnam Coffee Corporation (Vinacafe), which now possesses 12.85% of VCF. GaoLing is VCF's second largest shareholder behind Masan Consumer's 53.2% ownership. The GaoLing Fund remains focused on Asia and particularly Southeast […] The post Hong Kong investors buy Vinacafe shares appeared first on Vietnam Business News.

Vietnam’s economy has never been sustainable Posted: 29 Dec 2013 12:00 AM PST The General Statistics Office (GSO) on Monday convened a press conference to announce the country's socio-economic development in 2013. On the sidelines of the meeting, Ha Quang Tuyen, head of the System of National Accounts Department under the GSO, talked on major issues relating to the country's economic growth. Excerpts follow. Could you please explain […] The post Vietnam's economy has never been sustainable appeared first on Vietnam Business News.

Motorbike manufacturers choose VN as production base Posted: 28 Dec 2013 11:59 PM PST Most of the world's biggest motorbike manufacturers have come to Vietnam to set up their main production bases, which have been providing products to many markets in the world. Locally made content ratio in the rise The motorbikes with 90-95 percent of contents made in Vietnam have been exported to the world market. The localization […] The post Motorbike manufacturers choose VN as production base appeared first on Vietnam Business News.

VN shipping firms face uphill battle Posted: 28 Dec 2013 11:54 PM PST Local companies in the maritime shipping market will have to struggle amidst fierce competition with experienced and well-funded players from abroad, as they battle for dwindling orders. Many Vietnamese shipping firms struggle with bad debts and have had to sell some vessels to cover business costs, after attempts to cut fees for orders. The situation […] The post VN shipping firms face uphill battle appeared first on Vietnam Business News.

Vietnam may open doors to rescue small banks Posted: 28 Dec 2013 11:43 PM PST If UOB pours money into GP Bank, this would mean that the government of Vietnam implicitly keep the banks' doors open to foreign investors who are believed to help deal with weak banks. United Overseas Bank Limited (UOB) is reportedly finding out about GP Bank, one of the weak banks that have to undergo the […] The post Vietnam may open doors to rescue small banks appeared first on Vietnam Business News.

Forex rate not to rise above 2pct in 2014: Governor Posted: 28 Dec 2013 11:30 PM PST With the proposals to adjust the forex rate to support localities' exports, the State Bank of Vietnam (SBV)'s governor Nguyen Van Binh promised to have the most reasonable calculation and the forex rate rise (if any) would not exceed 2 percent. Speaking at an online cabinet conference with localities on December 24, the central bank's […] The post Forex rate not to rise above 2pct in 2014: Governor appeared first on Vietnam Business News.

Cement sector grows while steel market stagnates Posted: 28 Dec 2013 11:25 PM PST The construction material sector has seen a rebound in cement and ceramic tile production, while steel and brick production remained stagnant. Vice chairman of the Vietnam Cement Association Hong Trong Kim said that the cement industry will meet the target of selling 56 million tonnes of cement this year. With trade promotion methods succeeding in […] The post Cement sector grows while steel market stagnates appeared first on Vietnam Business News.

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