Viettel among investors of new high-speed under-sea cable ADC The telecom giant Viettel on June 19 announced it is among the members of a consortium developing a high-performance under-sea cable connecting Vietnam, China, Japan, the Philippines, Singapore and Thailand. … [Read more...] about How are SOEs’ outward investment projects performing?
Business news
Lebanon’s leaders face rage, calls for reform after blast
The small demonstration on Thursday night, as well as a flood of angry social media posts, suggested the disaster could reignite a cross-sectarian protest movement that erupted in October but faded because of the grinding economic hardship and the coronavirus pandemic. … [Read more...] about Lebanon’s leaders face rage, calls for reform after blast
Cashew nut exports up 1 percent in H1
HCM City (VNS/VNA) - Despite the difficulties posed by the COVID-19 pandemic, Vietnam’s cashew exports in the first half of the year increased by 16 percent in volume year-on-year and 1 percent in value to 232,000 tonnes and nearly 1.53 billion USD, according to the Vietnam Cashew Association (VINACAS). The US, EU and China had been the biggest markets. Exports to the US increased by nearly 10 percent in terms of value and accounted for 32 percent of the total. Exports to China fell by nearly 44 percent and accounted for 8 percent. Average prices were 14 percent down. According to experts, due to falling prices, some customers sought to renegotiate them and also demanded more in terms of quality and traceability. This year too domestic prices were higher than export prices at some certain times, causing difficulties for businesses, they said. Exports remained good in the first half, but the rest of the year is a big question since cashew is not an essential or … [Read more...] about Cashew nut exports up 1 percent in H1
Gold prices go up, VN central bank commits to stabilise market
Phan Dung Khanh, investment director of Maybank Kim Eng Securities, said: “After the policy of depositing gold is no longer profitable in Viet Nam, the demand for gold is weaker. In this case, those who are holding gold or bought the metal at low prices should keep holding. Those who have not bought can still invest in gold but should not be too aggressive.” … [Read more...] about Gold prices go up, VN central bank commits to stabilise market
Who will buy the state’s remaining 36% of shares in Sabeco?
In late 2017, ThaiBev, through Vietnam Beverage, spent $5 billion to acquire 53.6 percent of Sabeco shares and became the holding company of the largest brewer in Vietnam. In late 2017, ThaiBev, through Vietnam Beverage, spent $5 billion to acquire 53.6 percent of Sabeco shares and became the holding company of the largest brewer in Vietnam. … [Read more...] about Who will buy the state’s remaining 36% of shares in Sabeco?
