The Business Times: Vietnam coffee favoured in Singapore

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• Vietnam coffee favoured in Singapore
• Vietnam to set stronger tone for SOEs restructuring
• Vietnam records US$1.8b trade deficit
• Price of petroleum remains steady
• Foreign investors march toward Vietnamese ice-cream market
• LG inaugurates largest industrial complex in ASEAN
• US leads Vietnam’s seafood importers
• Ninh Thuan’s renewable energy sector attractive to investors
• Half homebuyers are Hanoi non-residents
• FDI approvals down 45% in Q1

Vietnam coffee favoured in Singapore Posted: 27 Mar 2015 12:14 AM PDT Vietnamese coffee accounted for one-fourth of Singapore's total coffee import volume in 2014, marking its strong foothold in the regional market. According to Vietnamese Trade Counsellor in Singapore Nguyen Viet Chi, annual export revenue of Vietnamese coffee and tea to Singapore grew an average of 68% per year from 2012 to 2014. In 2014 alone, […] The post Vietnam coffee favoured in Singapore appeared first on Vietnam Business News.

Vietnam to set stronger tone for SOEs restructuring Posted: 27 Mar 2015 12:13 AM PDT Prime Minister Nguyen Tan Dung has requested drastic actions to restructure State-owned enterprises (SOEs), with a focus on equitisation and withdrawal of State capital from non-core business lines. As of March 24, 289 SOEs on the waiting list of equitisation already established Steering Boards in charge of the process. Up to 207 of them were […] The post Vietnam to set stronger tone for SOEs restructuring appeared first on Vietnam Business News.

Vietnam records US$1.8b trade deficit Posted: 27 Mar 2015 12:04 AM PDT Vietnam recorded a trade deficit of US$1.8 billion in the first three months of this year, accounting for 9% over the total export-import turnover. Of those, the foreign direct investment (FDI) sector, including crude oil, had a trade surplus of US$2 billion. Domestic enterprises had a trade deficit of US$3.8 billion. The figure was released […] The post Vietnam records US$1.8b trade deficit appeared first on Vietnam Business News.

Price of petroleum remains steady Posted: 27 Mar 2015 12:02 AM PDT Local petroleum retail prices remain unchanged at VND17,286 (US$0.80) per litre on March 26, while the Government has asked the stabilisation fund to be reduced. Accordingly, the ministries of industry and trade and finance ordered fuel traders to keep diesel selling prices stable at VND15,883 per litre. Oil prices were slightly reduced by VND250 from […] The post Price of petroleum remains steady appeared first on Vietnam Business News.

Foreign investors march toward Vietnamese ice-cream market Posted: 27 Mar 2015 12:01 AM PDT The domestic ice cream market is still controlled by Vietnamese brands, but the makeup of the market is expected to change in the near future. Orana Vietnam, which has 13 years of experience in the field, has finished the construction of a US$2 million factory which makes ice cream, jam and fruit juice products under […] The post Foreign investors march toward Vietnamese ice-cream market appeared first on Vietnam Business News.

LG inaugurates largest industrial complex in ASEAN Posted: 26 Mar 2015 11:59 PM PDT LG Electronics on March 27 inaugurated its new facilities in the northern port city of Hai Phong. This LG's largest hi-tech complex in South East Asia has a total investment capital of US$1.5 billion. Bon-Joon Koo, Vice Chairman & CEO, LG Electronics Inc. affirmed that this important event marked the group's strong development in Vietnam over the […] The post LG inaugurates largest industrial complex in ASEAN appeared first on Vietnam Business News.

US leads Vietnam’s seafood importers Posted: 26 Mar 2015 11:58 PM PDT The US remains top importer of Vietnam's seafood, accounting for 18.62% of the country's total seafood export revenue in the first quarter of this year. According to latest statistics released by the Ministry of Agriculture and Rural Development, seafood exports in March are estimated at US$417 million, bringing the total export value in three months […] The post US leads Vietnam's seafood importers appeared first on Vietnam Business News.

Ninh Thuan’s renewable energy sector attractive to investors Posted: 26 Mar 2015 11:54 PM PDT The renewable energy sector in Ninh Thuan Province has become attractive to investors as the province on March 25 awarded an investment certificate for a VND3.78 trillion (US$176 million) wind farm project and agreed in principle to approve a solar power project valued at VND40 trillion (US$1.86 billion). At an investment promotion conference Ninh Thuan […] The post Ninh Thuan's renewable energy sector attractive to investors appeared first on Vietnam Business News.

Half homebuyers are Hanoi non-residents Posted: 26 Mar 2015 11:51 PM PDT Half of the homebuyers in Hanoi are non-residents, according to data of real estate exchanges. Speaking at a conference on the property market held by the online newspaper BizLive on March 25, Pham Duc Toan, general director of EZ Property Vietnam Co., said half of the homebuyers in Hanoi are not citizens of the city. […] The post Half homebuyers are Hanoi non-residents appeared first on Vietnam Business News.

FDI approvals down 45% in Q1 Posted: 26 Mar 2015 11:50 PM PDT Fresh foreign direct investment (FDI) approvals have dropped further this month, leading to a 44.9% decline in the first quarter, according to the Ministry of Planning and Investment's Foreign Investment Agency. The FIA's latest report shows March's fresh FDI capital from new and existing projects totals a mere US$645 million, a steep fall from a […] The post FDI approvals down 45% in Q1 appeared first on Vietnam Business News.

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