Tuesday, February 9, 2016

The Business Times: Vinamilk’s profit registers 28% increase

The Business Times: Vinamilk’s profit registers 28% increase

Link to Vietnam Business News

Vinamilk’s profit registers 28% increase

Posted: 08 Feb 2016 11:13 PM PST

The Viet Nam Dairy Products Joint Stock Company (Vinamilk) posted an after-tax profit of nearly VND7.8 trillion (US$350 million) last year, an increase of 28 per cent year-on-year. The company’s total revenue in 2015 reached VND40.2 trillion ($1.8 billion), up 14 per cent against 2014. Vinamilk reported revenue of VND11.1 trillion ($500 million) in the

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Seafood producers accelerate to take advantage of TPP

Posted: 08 Feb 2016 08:34 PM PST

Economists forecast that seafood exports from Viet Nam to the United States (US), Japan and other members in the Trans-Pacific Partnership Agreement (TPP) block will rise after February 4, 2016. February 4 is the date on which the agreement was officially signed. Currently, the US and Japan are the two largest importers for Viet Nam

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Regulations govern investment supervision, evaluation

Posted: 08 Feb 2016 08:32 PM PST

Investors are obliged to implement a regime of investment supervision and evaluation and report to the competent investment authorities, while implementing projects in Viet Nam. As per Decree No 84/2015/ND-CP (Decree No 84), dated September 30, 2015, investors are responsible for supervising, evaluating and reporting to the investment registration authority so that it can monitor

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Vietnam demand for media tablets surges for 4th consecutive year: GfK

Posted: 08 Feb 2016 08:26 PM PST

Vietnam posted a year-on-year increase in demand for media tablets for the fourth straight time in 2015, but sales value did not go up despite the bigger volume, market resean a recent report. Media tablets are devices that are based on a touchscreen display of at least five inches with an on-screen keyboard. The device

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Local rice consumption market should be developed further

Posted: 08 Feb 2016 08:23 PM PST

State and local rice firms should pay attention to developing domestic rice markets, as they have a great potential in the overall selling of rice, said experts. Việt Nam produces 20 to 21 million tonnes of rice each year. Of this rice, 8 to 9 million tonnes are annually exported, based upon signed contracts. The

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Phu Quoc ideal for tourism investment

Posted: 08 Feb 2016 08:20 PM PST

Phu Quoc Island is emerging as an ideal destination for hospitality investment, with major advantages from its natural conditions, strategic location, and the support and investment from the local government and enterprises. Its attractions come from ten stunning beaches along a 150 km coastline, an unspoiled ecosystem and rich biodiversity, a safari park – the

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Guarantees for loans to be shouldered by banks, not government

Posted: 08 Feb 2016 08:18 PM PST

The government plans to transfer its burden of acting as a guarantor for loans to commercial banks in an effort to better control public debt. The newly released government Resolution, which has for the first time mentioned the government's guarantee for new loans, says that the work 'would be gradually transferred to commercial banks'. An

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Real estate lessons learned, foreign expert

Posted: 08 Feb 2016 08:18 PM PST

Mr. Stephen Wyatt, Country Head of Jones Lang LaSalle (JLL) Vietnam, discusses the current state of Vietnam’s property market. It's been reported that residential demand remains healthy in Ho Chi Minh City and Hanoi. What is your assessment of Vietnam's property market and the key growth drivers? The property market saw considerable improvements in 2015

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Private economic sector blocked by three powers

Posted: 08 Feb 2016 08:16 PM PST

Private businesses, according to economists, have been hampered by state-owned enterprises (SOEs), foreign invested enterprises (FIEs) and state management agencies. The capital cannot reach the private economic sector because it has been taken away by the state budget. Dr Nguyen Dinh Cung, head of the Central Institute of Economic Management (CIEM), said at a recent

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Challenging times for Vietnam retail market

Posted: 08 Feb 2016 08:14 PM PST

In the final days of 2015 a number of commercial centers and supermarkets opened their doors with the expectation of recording bumper sales and making a mark on Vietnam's retail scene. After five years of searching for the right investment opportunity in Vietnam, on December 28 Emart (owned by Shinsegae from South Korea) officially opened

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