Wednesday, April 20, 2016

The Business Times: New Australian dairy products are coming to Vietnam

The Business Times: New Australian dairy products are coming to Vietnam

Link to Vietnam Business News

New Australian dairy products are coming to Vietnam

Posted: 18 Apr 2016 10:13 AM PDT

Pactum Dairy Group- a milk processor based in northern Victoria which is a joint venture between Australian Consolidated Milk and Freedom Foods- has signed a deal to supply local firm IDP with about four million litres of UHT milk a year. "Big isn't always better when it comes to Australian businesses wanting to capitalise on

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Ministry keen to lift puffer fish catch ban

Posted: 18 Apr 2016 10:12 AM PDT

Even though the plan to export puffer fish has proved a failure, the Ministry of Agriculture and Rural Development still seems keen to promote the industry.   Puffer fish at Phuoc Tho Company The government banned exploiting, processing and trading in puffer fish in 2003 after a number of deaths were caused by improper processing.

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Quang Tri province promises maximal support for investors

Posted: 18 Apr 2016 10:12 AM PDT

The central province of Quang Tri held an investment and tourism promotion conference in Dong Ha city on April 17, during which best assistance to investors is committed. Trucks pass the Lao Bao International Border Gate in Quang Tri This was the first time such a large-scale conference was organised in the province with the

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Asian fashion portal Zalora is pulling out of Vietnam

Posted: 18 Apr 2016 10:12 AM PDT

Rocket Internet is jumping ship and divesting itself of unprofitable Asian fashion portal Zalora business units in both Vietnam and Thailand, according to TechCrunch media. Zalora, Rocket Internet's fashion-focused site that raised over US$250 million in equity funds when it started in 2012, unveiled it is shedding the two lacklustre country businesses to cut down

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Vietnam, Laos, Cambodia open 4th negotiation round on trade deal

Posted: 18 Apr 2016 10:12 AM PDT

The fourth negotiation round on the Trade Promotion and Facilitation Agreement in the Cambodia-Laos-Vietnam (CLV) Development Triangle Area opened in Vietnam's Central Highlands province of Dak Lak.  Buon Ma Thuot city of Vietnam's Dak Lak province which is located in the Cambodia-Laos-Vietnam development triangle area. Officials from the three countries are to focus on resolving

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State bank works to keep bad debt below 3 pct

Posted: 18 Apr 2016 10:12 AM PDT

The State Bank of Vietnam (SBV) has requested that credit institutions and foreign bank branches intensify their credit quality and bad debt management and submit their bad debt handling plans for 2016 before April 28. The headquarter of SBV in Hanoi. The move aims to ensure the bad debt ratio is at a safe level

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Vietnam seafood exports to benefit from TPP

Posted: 18 Apr 2016 10:12 AM PDT

With nearly half of its seafood exports going to Trans-Pacific Partnership member nations, Vietnam expects the trade deal to further boost exports to these markets, according to the Vietnam Association of Seafood Exporters and Producers (Vasep). Fish products are processed at Ngô Quyền Processing Export Company in Châu Thành District, Kiên Giang Province. The Trans-Pacific

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HCM City to hold int’l travel expo 2016

Posted: 18 Apr 2016 10:12 AM PDT

The International Travel Expo HCM City 2016 (ITE HCMC 2016) will be held from September 8-10 with 400 local and foreign companies participating from over 30 countries and territories.  Representatives from the ITE HCMC's organisers at the press conference to announce the event. Considered the largest and best established travel exhibition in Vietnam, the expo will cover

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Bank sector urged to use TPP benefits

Posted: 18 Apr 2016 10:11 AM PDT

“Viet Nam will open its market to electronic payments through credit cards without any restrictions on the number of card companies.” – Photo tuoitre.vn “Viet Nam will have the chance to attract more foreign investment in its banking industry,” Luong Hoang Thai, head of the Ministry of Industry and Trade's Multilateral Trade Policy Department, said.

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VNCC to offer 25 per cent shares to strategic shareholders

Posted: 18 Apr 2016 10:11 AM PDT

Ha Noi Museum is one of many works received design consultancy from VNCC. The corporation will offer 8.94 million shares for strategic shareholders.-Photo vietnamnnet.vn To become a strategic company shareholder, an investor must have a healthy financial status, and no overdue debts or accumulated losses at the time of document submission. In addition, they must

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