The Business Times: Sabeco to have new CEO

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• Sabeco to have new CEO
• Stocks end down for a third day
• More IPOs in oil and gas industry planned
• U.S enterprises ready to invest in HCMC
• Changes at Trung Nguyen after marriage break-up
• VN, U.S. sign agreement on anti-dumping tariffs on shrimp
• Car sales sputter on tax hike
• Recipe for ‘pure’ Vietnamese coffee: coffee essence plus water
• Eximbank administers sharp cut to 2016 profit target
• VIB releases upbeat first-half business results

Sabeco to have new CEO Posted: 24 Jul 2016 06:06 PM PDT  >>  Former trade and industry minister under fire for nepotism The Deputy CEO of the scandal-hit Sabeco seems likely to become CEO of the beer giant after the position remained vacant for months and led to its recent leadership crisis.   Brewer sends proposal to MoIT as it attempts to steady the ship after internal The post Sabeco to have new CEO appeared first on Vietnam Business News.

Stocks end down for a third day Posted: 24 Jul 2016 06:00 PM PDT Investors at FPT Securities Corp.-VNS Photo Trương Vị The benchmark VN Index on the HCM Stock Exchange inched down 0.1 per cent to finish at 659.57 points. The southern market index has fallen 2.1 per cent in the last three sessions. The HNX Index on the Hà Nội Stock Exchange dropped 1 per cent to The post Stocks end down for a third day appeared first on Vietnam Business News.

More IPOs in oil and gas industry planned Posted: 24 Jul 2016 04:55 PM PDT More oil and gas firms will offer shares to the public in the second half of 2016. On July 15, Deputy Prime Minister Trinh Dinh Dung told the first half meeting of the PetroVietnam Group (PVN) that the group should continue to promote the restructuring of enterprises and investment activities. On July 12, Binh Son The post More IPOs in oil and gas industry planned appeared first on Vietnam Business News.

U.S enterprises ready to invest in HCMC Posted: 24 Jul 2016 04:55 PM PDT The Ho Chi Minh City Party Committee Secretary Dinh La Thang (R) receipts the U. S representative investor. (Photo:SGGP) At the reception, the city Party Chief highly appreciated comprehensive partnership between Vietnam and U.S in all fields confirming that many U.S enterprises will invest in the projects in Vietnam and HCMC after Trans-Pacific Partnership (TPP) The post U.S enterprises ready to invest in HCMC appeared first on Vietnam Business News.

Changes at Trung Nguyen after marriage break-up Posted: 24 Jul 2016 04:54 PM PDT Chairman Dang Le Nguyen Vu removed as legal representative and replaced by his estranged wife, Le Hoang Diep Thao. Mr. Dang Le Nguyen Vu, Chairman of the Trung Nguyen Corporation, is no longer the legal representative of the Trung Nguyen Instant Coffee Company JSC under a decision released by the Binh Duong Department of Planning The post Changes at Trung Nguyen after marriage break-up appeared first on Vietnam Business News.

VN, U.S. sign agreement on anti-dumping tariffs on shrimp Posted: 24 Jul 2016 04:54 PM PDT Illustration photo Accordingly, Minh Phu Group, a Vietnamese leading shrimp export, will no longer be subjected to the anti-dumping tariffs and get back their duty deposits in recent years. The bilateral agreement between Viet Nam and the U.S. is the result of negotiation attempt from both sides. Viet Nam praised the U.S., especially the DOC The post VN, U.S. sign agreement on anti-dumping tariffs on shrimp appeared first on Vietnam Business News.

Car sales sputter on tax hike Posted: 24 Jul 2016 04:54 PM PDT The increase in the specific tax raised this category of excise tax from 50 per cent, to as high as 65 per cent on larger vehicles, pushing the aggregate levy on some new vehicles to nearly 140 per cent. "The tax increase is discouraging some buyers to buy new cars," said Seng Voeung, Ford division The post Car sales sputter on tax hike appeared first on Vietnam Business News.

Recipe for ‘pure’ Vietnamese coffee: coffee essence plus water Posted: 24 Jul 2016 04:54 PM PDT Besidesmixing coffee with soybeansand corn and selling the final products as '100 percent pure coffee,' the coffee business in Vietnam, one of the world's biggest coffee exporters, also involves making it from coffee essence. On June 29,Tuoi Tre(Youth) newspaper visited a grocery store in Buon Ma Thuot, the capital of Dak Lak Province in the The post Recipe for 'pure' Vietnamese coffee: coffee essence plus water appeared first on Vietnam Business News.

Eximbank administers sharp cut to 2016 profit target Posted: 24 Jul 2016 04:54 PM PDT According to documents the bank is sending to shareholders before the next extraordinary shareholders' meeting to be held in August, Eximbank's new target of 2016 pre-tax profit is VND400 billion ($18 million), significantly less than the VND720 billion ($32.3 million) set before the first and second failed meetings in April and May. The assets, deposits, The post Eximbank administers sharp cut to 2016 profit target appeared first on Vietnam Business News.

VIB releases upbeat first-half business results Posted: 24 Jul 2016 04:54 PM PDT Accordingly, the bank (VIB) posted VND303 billion ($13.7 million) in before-tax profit, up 7 per cent on-year. Its lending balance reached VND51.3 trillion ($2.34 billion), growing 7.4 per cent which is 0.6 per cent higher than the industry's average growth. Deposit growth rate was also 7.4 per cent, reaching VND57.2 trillion ($2.6 billion). Its fee The post VIB releases upbeat first-half business results appeared first on Vietnam Business News.

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