The Business Times: Winter could signal end to real estate ‘big freeze’

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• Winter could signal end to real estate ‘big freeze’
• Vietnam, Guangdong businesses forge trade ties
• Vietnamese income “average”, spending “extravagant”
• Vinamilk buys US dairy firm
• Vietnam “caught in a shore” because of SOEs?
• Demand for Indonesia coffee seen subdued on Vietnamese prices
• Thermal power project warms up
• Cashew exports reach $1.5bn annual target
• Two foreign funds seek to sell VNM shares
• Top online retailers are owned by VN firms

Winter could signal end to real estate ‘big freeze’ Posted: 09 Dec 2013 11:40 PM PST Experts speculate that the real estate market's big freeze may be showing signs of thawing, with many confident that some segments will see an upsurge activity in 2014. According to Jonathan Tizzard of Cushman & Wakefield Vietnam, a range of positive signs have been observed in the past few months, encouraging the real estate market. [...] The post Winter could signal end to real estate 'big freeze' appeared first on Vietnam Business News.

Vietnam, Guangdong businesses forge trade ties Posted: 09 Dec 2013 11:36 PM PST Businesses from China's Guangdong province are hoped to promote investment in Vietnam in the fields of support industry, processing industry and energy, as well as increase bilateral import-export activities. Vietnam's Ministry of Industry and Trade has also asked the Guangdong authorities to hold regular trade exchanges and make it easier for Vietnamese enterprises operating in [...] The post Vietnam, Guangdong businesses forge trade ties appeared first on Vietnam Business News.

Vietnamese income “average”, spending “extravagant” Posted: 09 Dec 2013 11:35 PM PST  The current Vietnamese annual income is approximately $2,000 per person, which is 14 times higher than that of 21 years ago. However, the majority of 90 million Vietnamese people remain poor. In 1992, the Vietnamese annual income was $140 per person. In 2013, the figure is $1,960. As such, the Vietnamese income has increased by [...] The post Vietnamese income "average", spending "extravagant" appeared first on Vietnam Business News.

Vinamilk buys US dairy firm Posted: 09 Dec 2013 11:32 PM PST Vietnam Dairy Products Joint-Stock Company (Vinamilk) has received a certificate for investment worth US$7 million to acquire a 70% share of American company Driftwood Dairy. Driftwood Dairy- a U.S. dairy business founded in California since 1920, provides fresh milk, fruit juicea and light food for schools, hotels, hospitals, supermarkets and restaurants. Previously, Vinamilk invested VND179 [...] The post Vinamilk buys US dairy firm appeared first on Vietnam Business News.

Vietnam “caught in a shore” because of SOEs? Posted: 09 Dec 2013 11:30 PM PST Vietnam once missed the opportunity to reform its state owned enterprises (SOEs) when joining WTO. Another opportunity has come when it negotiates for the Trans Pacific Strategic Partnership Agreement (TPP). The last TPP round of negotiation was kicked off on December 7 in Singapore. Prior to that, seven conferences within the framework of TPP negotiations [...] The post Vietnam "caught in a shore" because of SOEs? appeared first on Vietnam Business News.

Demand for Indonesia coffee seen subdued on Vietnamese prices Posted: 09 Dec 2013 11:29 PM PST Demand for coffee from Indonesia, the third-biggest producer of the robusta variety, is subdued as lower prices in leading grower Vietnam attract more buyers, according to Volcafe, a unit of trader ED&F Man Holdings Ltd. While Indonesian beans for shipment in December and January are at a premium of $190 a metric ton to the [...] The post Demand for Indonesia coffee seen subdued on Vietnamese prices appeared first on Vietnam Business News.

Thermal power project warms up Posted: 09 Dec 2013 11:12 PM PST The Viet Nam Oil and Gas Group (PetroVietnam) yesterday signed a credit contract in Ha Noi worth US$795.25 million with the Korea Eximbank (KEXIM) and several international banks to develop the Thai Binh 2 thermal power project. The loan agreements include a $330 million direct loan with KEXIM, $270 million KEXIM guaranteed loan with the [...] The post Thermal power project warms up appeared first on Vietnam Business News.

Cashew exports reach $1.5bn annual target Posted: 09 Dec 2013 11:11 PM PST The cashew industry, during the first 11 months of 2013, reached its yearly target of US$1.5 billion in exports, according to the Ministry and Agriculture and Rural Development. According to officials, during the first 11 months of 2013 the industry achieved a year-on-year increase of 17 per cent in export volume of 238,000 tonnes of [...] The post Cashew exports reach $1.5bn annual target appeared first on Vietnam Business News.

Two foreign funds seek to sell VNM shares Posted: 09 Dec 2013 09:11 PM PST Two foreign funds, including Viet Nam Enterprise Investment and Amersham Industries, have registered to sell 13.4 million shares of Vinamilk (VNM), accounting for 1.6 per cent of outstanding Vinamilk’s shares, from December 11 to January 9, 2014. Viet Nam Enterprise Investment was seeking to sell 8.8 million shares and Amersham Industries 4.6 million shares. If [...] The post Two foreign funds seek to sell VNM shares appeared first on Vietnam Business News.

Top online retailers are owned by VN firms Posted: 09 Dec 2013 09:11 PM PST The top five Vietnamese retail websites are primarily under the management of Vietnamese companies, according to Nguyen Thanh Hung, vice chairman of the Viet Nam E-commerce Association (VECOM). The sites include www.vatgia.com, www.lazada.vn, www.5giay.vn, www.enbac.com and www.thegioididong.com. Among these retail websites, only www.lazada.vn belongs to a foreign firm, Germany’s Rocket Internet. Hung told Infonet online [...] The post Top online retailers are owned by VN firms appeared first on Vietnam Business News.

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