The Business Times: Vietnam April inflation at 4-year high

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• Vietnam April inflation at 4-year high
• Thaco kickstarts VND30 trillion expansion plan for 2016-2018
• Thailand – top auto exporter to VN
• Dollar slips, yen rises ahead of central bank meetings
• Seafood export targets to achieve US$7 billion
• FDI capital decreases on industrial parks
• Foreign petroleum firms penetrate local markets
• Vietnam coffee sales may slow ahead; April shipments jump
• Textile exports up 5.67%
• Vietnam’s top brokerage firm Kim Long to shut down amid competition

Vietnam April inflation at 4-year high Posted: 28 Apr 2016 07:59 AM PDT A gas station in Hanoi. Photo: Ngoc Thang Vietnam's inflation rate in April was 0.33 percent, the highest month-on-month increase since 2012, with the prices of most goods and services rising, according to the government's new data. After flatlining in January and slowly picking up in the following months, the inflation rate this year has The post Vietnam April inflation at 4-year high appeared first on Vietnam Business News.

Thaco kickstarts VND30 trillion expansion plan for 2016-2018 Posted: 28 Apr 2016 07:59 AM PDT Thaco expected to become a diversified industrial group with the key operation sector being manufacturing and trading automobiles. The corporation also planned to sell 150,000 automobiles by 2018, and make a total revenue of over VND95 trillion ($4.26 billion). To realise its plans, Thaco will spend VND9.7 trillion ($435.3 million) of its VND30 trillion ($1.34 The post Thaco kickstarts VND30 trillion expansion plan for 2016-2018 appeared first on Vietnam Business News.

Thailand – top auto exporter to VN Posted: 28 Apr 2016 07:59 AM PDT Thailand exported 7,800 cars to Vietnam in the first quarter of this year (Photo: congly.vn) Statistics from the General Department of Vietnam Customs showed Thailand was followed by the Republic Korea with 3,560 units and China with 2,260 units, a year-on-year decline of 41 percent and 58 percent, respectively. Preferential import tax policies caused the The post Thailand – top auto exporter to VN appeared first on Vietnam Business News.

Dollar slips, yen rises ahead of central bank meetings Posted: 28 Apr 2016 07:59 AM PDT American dollar notes are displayed in this photo illustration. ( Photo source: REUTERS/Siphiwe Sibeko) NEW YORK: The dollar slipped against the euro and the yen on Monday (Apr 25) in a cautious market ahead of interest rate decisions by the Federal Reserve and Bank of Japan this week. Though the Fed was largely expected to The post Dollar slips, yen rises ahead of central bank meetings appeared first on Vietnam Business News.

Seafood export targets to achieve US$7 billion Posted: 28 Apr 2016 07:59 AM PDT Shrimp processing for export (Photo: SGGP) The Vietnam Association of Seafood Exporters and Producers (VASEP) said, after a long difficult time in exporting, seafood export in the first three months of this year reached US$1.4 billion, an increase of 9 percent compared to the same period last year. Moreover, Vietnamese seafood export increased in major The post Seafood export targets to achieve US$7 billion appeared first on Vietnam Business News.

FDI capital decreases on industrial parks Posted: 28 Apr 2016 07:59 AM PDT Workers are working at Misumi Group Company at Linh Trung Processing Zone, HCMC However, the capital source from domestic enterprises pouring to industrial parks increased highly. In the first three months of 2016, domestic enterprises registered the investment of US$ 1,8trillion in the city's industrial parks a rise of 80 percent compared to last year. The post FDI capital decreases on industrial parks appeared first on Vietnam Business News.

Foreign petroleum firms penetrate local markets Posted: 28 Apr 2016 07:59 AM PDT The entry of overseas companies into the local fuel industry will heighten competitionPhoto: Le Toan Japanese company Idemitsu Kosan Co., Ltd and Kuwait Petroleum International Ltd (KPI) have recently applied to register a joint-venture company to distribute petroleum products in Vietnam. The joint venture, named Idemitsu Q8 Petroleum Limited Liability Company, will operate in the The post Foreign petroleum firms penetrate local markets appeared first on Vietnam Business News.

Vietnam coffee sales may slow ahead; April shipments jump Posted: 28 Apr 2016 07:59 AM PDT Vietnam's coffee exports may slow after rising in April as traders hold back to assess the impact of the current drought on the crop and exporters curb sales in anticipation of further price gains, traders said on Tuesday. The ICE robusta July contract surged to an intraday high of $1,602 a ton on April 21, The post Vietnam coffee sales may slow ahead; April shipments jump appeared first on Vietnam Business News.

Textile exports up 5.67% Posted: 28 Apr 2016 07:58 AM PDT Of the figure, the State sector and the Foreign Direct Investment (FDI) sector contributed US$2 billion and US$3.08 billion, up 6.4% and 6.7%, respectively. The U.S. was the largest importer of Viet Nam's textile with US$2.53 billion, up 6.57%. It was followed by the EU with US$692 million, up 7.3%, Japan with US$640 million, up The post Textile exports up 5.67% appeared first on Vietnam Business News.

Vietnam’s top brokerage firm Kim Long to shut down amid competition Posted: 28 Apr 2016 07:58 AM PDT An undated photo of Hanoi Stock Exchange. Photo: Ngoc Thang Kim Long, one of Vietnam's top 20 brokerage houses, has announced its exit after 10 years of operation, citing poor business amid harsh competition. The Hanoi-headquartered company, with a chartered capital of over VND2 trillion (US$88.88 million),is set to file for dissolution by the middle The post Vietnam’s top brokerage firm Kim Long to shut down amid competition appeared first on Vietnam Business News.

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