BUSINESS IN BRIEF 15/3

New bond trading system launches The second version of the Government bond trading system was introduced by the Ha Noi Stock Exchange last week and will be used for the first time next Monday when Circular 234/2012/TT-BTC takes effect. The system was upgraded in response to provisions in the circular concerning risk management and repurchase agreement (repo) trading. A repo agreement occurs when the selling party agrees to repurchase bonds in the future. The new version integrates bond and … [Read more...]

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Supplemental nutrition drink manufacturers enter a new race

VietNamNet Bridge - While the battle among green tea manufacturers is described as a noisy fight, the competition among supplemental nutrition drink manufacturers has been going quietly, but very fiercely. The new potential market segment In March 2013, Tan Hiep Phat launched a noisy marketing campaign, introducing its new product--Number One Vitamin, after a long period of surveying the market. The General Director of Tan Hiep Phat Tran Quy Thanh in person, together with his staff, came to … [Read more...]

Vietnam’s consumer goods market attracting foreign investors

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Since 2011, the consumer goods industry had become one of the most in-demand industries for mergers and acquisitions in Vietnam. A report by Nielsen shows that the consumer goods market in Vietnam grew 23 percent in 2012, followed by India with 18.8 percent, and China with 13 percent. This is why many foreign investors are being attracted to the Vietnamese consumer goods industry. A survey by Bain & Company and SVCA showed that 80 percent of investment funds invested in countries in … [Read more...]

Business leadership through generations

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As an old Vietnamese saying puts it: "Bamboo shoots will replace old bamboo." The expression may well apply at major Vietnamese private companies like beverage manufacturer Tan Hiep Phat, creditor ACB and Kinh Do Corporation. These companies have been operating for about 20 years—and now the founders are looking within their families for the next generation of leadership. Examples of a dynasty vary, from closely-held, family-run businesses where it is to be expected, to large institutions … [Read more...]

BUSINESS IN BRIEF 10/4

Financial shares stave off market losses Banking and brokerage shares helped lift indices in the first trading week of April. On the HCM City Stock Exchange, the VN-Index halted its earlier correction and concluded the week at 447.44 points, a slight gain of 0.4 per cent over the previous Friday's close. Market value of the four-session trading week averaged VND948 billion (US$45 million) per day on an average daily volume of about 65.8 million shares. On the Ha Noi Stock Exchange, the … [Read more...]

Firms urged to protect intellectual property

HCM CITY — Companies should use professional legal services to protect their intellectual property and popularise their trademark, a conference heard in HCM City yesterday. Speaking at the conference held to discuss challenges and ways to protect intellectual property rights (IPR), experts said many Vietnamese firms were not even aware of the importance of protecting IPR, an important competitive tool. Viet Nam passed the Intellectual Property Law in 2005, but piracy remains rampant. … [Read more...]

BUSINESS IN BRIEF 30/11

Jan-Nov export tops $87 billion Vietnam's total export turnover in the year to November rose by 34.7 percent year-on-year to reach US$87.1 billion, the General Customs Department reported. The domestic economic sector accounted for $37.81 billion of the total turnover and the FDI sector, $49.35 billion. Most of the country's export staples saw an increase in turnover. Textiles and garments, which brought home $1.2 billion in the 11-month period, remained the top earner, followed by crude … [Read more...]

Businesses explore North Africa, Middle East markets

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A Vietnamese business delegation has visited Sudan and Egypt to seek investment and cooperation opportunities in the North African and Middle Eastern markets. The delegation had working sessions with Sudanese ministries and took part in an Egypt-Vietnam business forum to exchange information and seek partners in the beverage, media, and farm produce export and import sectors. Tran Uyen Phuong, honorary consul at the Sudanese embassy in Vietnam and member of the board of directors of … [Read more...]

Businesses explore North Africa,Middle East markets

A Vietnamese business delegation has visited Sudan and Egypt to seek investment and cooperation opportunities in the North African and Middle Eastern markets. The delegation had working sessions with Sudanese ministries and took part in an Egypt-Vietnam business forum to exchange information and seek partners in the beverage, media, and farm produce export and import sectors. Tran Uyen Phuong, honorary consul at the Sudanese embassy in Vietnam and member of the board of directors of … [Read more...]

Tan Hiep Phat quenches Vietnam’s thirst

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Vietnam's "Dr. Thanh" is just a family business ... and a beverage juggernaut. Family business has become the ground-level norm in bustling, entrepreneurial Vietnam, but it's hard to find a match for Tan Hiep Phat (THP), the corporate creation of Tran Qui Thanh's clan. In ten years of living and working at the company's headquarters and plant outside old Saigon, they have turned a small brewery into a domestic beverage empire. "Dr. Thanh" herbal teas and other THP drinks outsell Coca-Cola, … [Read more...]

GOVERNMENT IN BRIEF 8/9

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Portugal, Sudan open consulates in HCM City The Portuguese Consulate in Ho Chi Minh City officially opened on September 7. Prominent among guests at the event were Portuguese Ambassador to Thailand and Vietnam, (resident in Thailand), Jorge Ryder Torres-Pereira and representatives from the municipal authorities. Afonso Carlos Neves Vieira, who was recognised as honourary Consul to HCM City, will serve as the only representative of Portugal to provide consular services to people in the city … [Read more...]

Portugal, Sudan open consulates in HCM City

The Portuguese Consulate in Ho Chi Minh City officially opened on September 7. Prominent among guests at the event were Portuguese Ambassador to Thailand and Vietnam, (resident in Thailand), Jorge Ryder Torres-Pereira and representatives from the municipal authorities. Afonso Carlos Neves Vieira, who was recognised as honourary Consul to HCM City, will serve as the only representative of Portugal to provide consular services to people in the city and work as a bridge to implement … [Read more...]

Top brands saturate beverage market

The Ministry of Industry and Trade has said further investment in the beer and beverages industry should be avoided in the face of stiff competition from foreign and domestic beverage brands. Business Monitor International, a global business consultancy company, said the country's beer, alcohol and beverages industry has seen high growth and would continue to do so. However, the ministry believes that the market is already highly competitive and any new players would face difficulty competing … [Read more...]

Businesses respond to e-customs procedures

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As many as 28,948 enterprises nationwide, or nearly 93 percent of those conducting import-export activities, have used e-customs service since it was officially launched earlier this year. The procedures were processed by all 34 customs departments across the country during the first two months of the year, according to the General Department of Customs. A total of 696,218 customs declarations were computerised, helping with an import-export volume of 33 billion USD, which accounted for … [Read more...]

BUSINESS IN BRIEF 14/3

Kien Giang pulls plug on projects The southern Kien Giang Province People's Committee has pulled the plug on 11 projects in Kien Luong District following undue delays by the investors in proceeding with them. It has ordered the Department of Planning and Investment to revoke the licences issued for the projects. Le Khac Chi, the department director, said the projects have a combined investment of VND7.2 trillion (US$345.8 million). One of them, which sought to build infrastructure for the … [Read more...]

Cambodia, Vietnam target USD5 billion trade

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Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says Cambodia is improving conditions for foreign investors, including those from Vietnam. A Vietnam-Laos-Cambodia ministerial meeting has been scheduled for … [Read more...]

Cambodia, Vietnam target US$5bn trade turnover in 2015

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(VOV) - Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam, Cambodia enhance economic cooperation Cambodia-Vietnam trade increases Vietnam's Cambodian investment projects success Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says … [Read more...]

Cambodia, Vietnam target US$5bn trade

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(VOV) - Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam, Cambodia enhance economic cooperation Cambodia-Vietnam trade increases Vietnam's Cambodian investment projects success Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says Cambodia is improving … [Read more...]

Cambodia, Vietnam target US$5bn trade in 2015

Exports-to-Cambodia%20(1).jpg

(VOV) - Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam, Cambodia enhance economic cooperation Cambodia-Vietnam trade increases Vietnam's Cambodian investment projects success Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says Cambodia is … [Read more...]

BUSINESS IN BRIEF 14/3

Kien Giang pulls plug on projects The southern Kien Giang Province People's Committee has pulled the plug on 11 projects in Kien Luong District following undue delays by the investors in proceeding with them. It has ordered the Department of Planning and Investment to revoke the licences issued for the projects. Le Khac Chi, the department director, said the projects have a combined investment of VND7.2 trillion (US$345.8 million). One of them, which sought to build infrastructure for the … [Read more...]