The Business Times: Nokia phones still popular with consumers in Vietnam following Microsoft buyout: retailers

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• Nokia phones still popular with consumers in Vietnam following Microsoft buyout: retailers
• 66% of Japanese companies want to expand business in Vietnam: survey
• Banking credit seen growing 13-15% in 2015
• Indonesian firm AISA to acquire Vietnamese food company
• Viet Nam enjoys nearly 35% increase in exports to Canada
• Corporate bonds slumped in 2014
• HCMC aims to equitise SOEs in 2015
• Retailers despair as discounts fail to attract more customers
• Steel firms naysay new import code
• Forex reserves drop expected as Vietnam paints economic scenarios of oil collapse

Nokia phones still popular with consumers in Vietnam following Microsoft buyout: retailers Posted: 09 Feb 2015 11:16 PM PST Mobile phones that bear the erstwhile Nokia brand name are still among the bestselling devices in Vietnam in terms of sales volume, whereas Samsung handsets take the lead when it comes to sales value, according to local retailers. In November 2014, Microsoft Corp dropped the Nokia name when rolling out its Lumia 535 smartphone, only […] The post Nokia phones still popular with consumers in Vietnam following Microsoft buyout: retailers appeared first on Vietnam Business News.

66% of Japanese companies want to expand business in Vietnam: survey Posted: 09 Feb 2015 11:14 PM PST About 66 percent of surveyed Japanese firms operating in Vietnam said they are considering business expansion in the Southeast Asian country, according to a survey recently announced by the Japan External Trade Organization (JETRO). It is part of four major points Japanese firms are considering when investing in Vietnam, according to the results of JETRO's […] The post 66% of Japanese companies want to expand business in Vietnam: survey appeared first on Vietnam Business News.

Banking credit seen growing 13-15% in 2015 Posted: 09 Feb 2015 11:09 PM PST Banking credit is expected to grow by 13-15 per cent this year, 1 per cent higher than last year. The target is based on this year’s GDP target of 6.2 per cent. Normally credit growth is 2-2.5 times that of GDP growth. In other words, to ensure the economy grows at 6.2 per cent, credit […] The post Banking credit seen growing 13-15% in 2015 appeared first on Vietnam Business News.

Indonesian firm AISA to acquire Vietnamese food company Posted: 09 Feb 2015 11:09 PM PST Indonesian food firm PT Tiga Pilar Sejahtera Food Tbk (AISA) plans to pour US$80 million into Viet Nam and Malaysia to purchase stakes in two food companies this year. AISA’s move aims to help the firm become a regional player in the industry. According to The Jakarta Post, AISA Finance Director Sjambiri Lioe said that […] The post Indonesian firm AISA to acquire Vietnamese food company appeared first on Vietnam Business News.

Viet Nam enjoys nearly 35% increase in exports to Canada Posted: 09 Feb 2015 11:08 PM PST Vietnamese exports to Canada expanded in 2014 by 34.55 per cent on the year to US$2.08 billion, according to the Ministry of Industry and Trade’s Information Centre. Garments grew 25.9 per cent yearly to hit $492.51 million, accounting for 23 per cent of the total value. Meanwhile, the country racked up $263.25 million from aquatic […] The post Viet Nam enjoys nearly 35% increase in exports to Canada appeared first on Vietnam Business News.

Corporate bonds slumped in 2014 Posted: 09 Feb 2015 11:07 PM PST Viet Nam corporations issued far fewer bonds in 2014, despite the participation of many big companies. Total value of corporate bond issues for the whole year reached about VND22.922 trillion (US$1.07 billion), a year-on-year decrease of 33.4 per cent and accounting for less than one per cent of the country’s GDP, according to the Ministry […] The post Corporate bonds slumped in 2014 appeared first on Vietnam Business News.

HCMC aims to equitise SOEs in 2015 Posted: 09 Feb 2015 11:07 PM PST By the end of 2015, 19 State-owned enterprises (SOEs) operating in HCM City expect to complete the equitisation process. This is expected to help the city achieve its target of equitising 31 SOEs under a 2013 to 2015 Government initiative. The municipal People’s Committee must approve the enterprises’ decisions to equitise. The committee will study […] The post HCMC aims to equitise SOEs in 2015 appeared first on Vietnam Business News.

Retailers despair as discounts fail to attract more customers Posted: 09 Feb 2015 11:06 PM PST Consumers do not seem to be excited about the numerous promotional schemes offered by stores and supermarkets in major cities, in view of the Tet (Lunar New Year) holiday. Along busy shopping streets in Ha Noi and HCM City, eye-catching banners with discount rates of up to 50 to 70 per cent or buy one […] The post Retailers despair as discounts fail to attract more customers appeared first on Vietnam Business News.

Steel firms naysay new import code Posted: 09 Feb 2015 11:05 PM PST Ambiguous instructions have led to a disagreement between steel importers and the General Department of Customs about the application of the import code for steel billets. Last week, 11 steel importers had criticised the Government’s decision to change the harmonised system (HS) code for steel billets, which resulted in taxes increasing from 5 to 9 […] The post Steel firms naysay new import code appeared first on Vietnam Business News.

Forex reserves drop expected as Vietnam paints economic scenarios of oil collapse Posted: 09 Feb 2015 10:10 AM PST Vietnam would lose nearly US$1.5 billion in its forex reserves if oil fell to $30 a barrel, a think tank said Friday, citing the worst case scenario it outlined for the country's economy based on the fluctuation of oil prices. The researchers, from the National Center for Socio-Economic Information and Forecast (NCEIF), told a seminar […] The post Forex reserves drop expected as Vietnam paints economic scenarios of oil collapse appeared first on Vietnam Business News.

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