The Business Times: Vingroup buys Vinatex’s supermarket chain

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• Vingroup buys Vinatex’s supermarket chain
• Japanese businesses study investment opportunities in ASEAN
• SMEs improve competitive edge to benefit from AEC
• Domestic Medicine Producers Struggle To Lift Market Share
• Bank, Finance Firm Mergers to Pick up Speed
• Exports Experience Hard Time in Q1
• FDI Plays Important Role In Boosting Economic Growth
• Many New Stocks Up For Grabs
• VNAT seeks to stop foreign visitor falls
• Government to strengthen ODA management

Vingroup buys Vinatex’s supermarket chain Posted: 12 Apr 2015 12:05 AM PDT Vietnam’s leading property developer Vingroup announced on April 10 that it is acquiring all of the outstanding shares of a subsidiary supermarket chain of 39 stores currently owned by the Vinatex group. The move is part of Hanoi-based Vingroup’s expansion plan into the retail sector where it aims to open 100 supermarkets and 1,000 convenience […] The post Vingroup buys Vinatex's supermarket chain appeared first on Vietnam Business News.

Japanese businesses study investment opportunities in ASEAN Posted: 12 Apr 2015 12:05 AM PDT ASEAN Secretary General Le Luong Minh has called on Japanese businessmen to study possible investments in infrastructure across telecommunications, transportation, electricity, water supply, and environmental sanitation, to facilitate broader ASEAN connectivity. Capital for those construction projects is estimated at US$60 billion per year between now and 2020, Secretary General Minh told his guests, who were […] The post Japanese businesses study investment opportunities in ASEAN appeared first on Vietnam Business News.

SMEs improve competitive edge to benefit from AEC Posted: 12 Apr 2015 12:00 AM PDT Small and medium sized enterprises (SMEs) have been urged to sharpen their productivity in the lead up to the ASEAN Economic Community (AEC) formation later this year, economic experts at a recent seminar in Hanoi said. "Vietnam will face fierce competition from imported products on its home turf after the AEC officially comes into existence […] The post SMEs improve competitive edge to benefit from AEC appeared first on Vietnam Business News.

Domestic Medicine Producers Struggle To Lift Market Share Posted: 11 Apr 2015 08:40 PM PDT Great effort is required by the domestic pharmaceutical companies to expand their share in the medicine market, which is currently largely dominated by imported drugs. The Ministry of Health’s Department of Pharmaceutical Management said that even though there were more varieties of locally-manufactured medicines in the market than imported medicines, the consumption of the former […] The post Domestic Medicine Producers Struggle To Lift Market Share appeared first on Vietnam Business News.

Bank, Finance Firm Mergers to Pick up Speed Posted: 11 Apr 2015 08:40 PM PDT The Asia Commercial Bank (ACB) will be the latest bank to join the wave of mergers among commercial banks and finance companies that is expected to become a major trend this year. ACB had announced yesterday that it would submit for approval, a project to set up a finance company with a charter capital of […] The post Bank, Finance Firm Mergers to Pick up Speed appeared first on Vietnam Business News.

Exports Experience Hard Time in Q1 Posted: 11 Apr 2015 08:38 PM PDT Foreign trade experienced difficulties as exports of many key commodities tumbled in the first quarter of 2015, according to the Ministry of Industry and Trade (MOIT). Export turnover reached 35.67 billion USD, up 6.9 percent from the same period last year but below the quarterly target of 10 percent set by the sector. The figure […] The post Exports Experience Hard Time in Q1 appeared first on Vietnam Business News.

FDI Plays Important Role In Boosting Economic Growth Posted: 11 Apr 2015 08:38 PM PDT Foreign direct investment (FDI) has played an important role in boosting Viet Nam’s economic growth, said participants of a workshop, held in Ha Noi on April 9. FDI has been an important source that directly participated in and promoted the creation of several industrial sectors with a high demand for technology and added-value products, such […] The post FDI Plays Important Role In Boosting Economic Growth appeared first on Vietnam Business News.

Many New Stocks Up For Grabs Posted: 11 Apr 2015 08:23 PM PDT The local stock market is expected to turn bustling in the coming time with many new shares to be offered to investors. The Hochiminh Stock Exchange (HOSE) looks to welcome Nhon Trach Thermal Power Co. capitalized at over VND2.5 trillion, some firms under Vietnam National Textile and Garment Group (Vinatex) and Van Dien Fused Magnesium […] The post Many New Stocks Up For Grabs appeared first on Vietnam Business News.

VNAT seeks to stop foreign visitor falls Posted: 11 Apr 2015 08:22 PM PDT Representatives of the Vietnam National Administration of Tourism (VNAT) and the Vietnam Tourism Association (VITA) sat down together on Wednesday to devise promotional programs as a measure to curb a further decline in international visitors to the country. The meeting was convened after international arrivals fell for the tenth month in March. Participants also discussed […] The post VNAT seeks to stop foreign visitor falls appeared first on Vietnam Business News.

Government to strengthen ODA management Posted: 11 Apr 2015 08:21 PM PDT The Ministry of Planning and Investment is drafting a new Government decree with an aim to help the Government better manage the use of official development assistance (ODA) loans. The Government is expected to issue the decree this June to guide the implementation of the law on public investment, which came into force early this […] The post Government to strengthen ODA management appeared first on Vietnam Business News.

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