Family businesses are a core economic factor in any country, including Vietnam. The 100 largest family businesses contribute about 25 percent of the country’s GDP, Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), had noted at the Vietnam Family Business Forum 2019 in Hanoi. … [Read more...] about Vingroup only Vietnamese representative among world’s top 750 family businesses
The Thai giant said in a recent statement that it is in fact seeking to consolidate its position as the largest beverage company in Southeast Asia, and Vietnam, as one of the fastest growing economies in the world, continues to be a core market for it. … [Read more...] about ThaiBev rejects reports it is selling Vietnam’s largest brewer
The spread of incorrect information causes severe damage to the reputation of businesses as well as the business environment in Vietnam, where all efforts are being made to revive the economy amid the coronavirus pandemic, he said. … [Read more...] about Vietnam denies reports it is buying back brewery stake from Thai firm
Statistics from the General Department of Vietnam Customs show that in July, Vietnam imported nearly 4.4 million tonnes of coal at the cost of VND1.4m (USD60) a tonne. In the first seven months, Vietnam imported a total of 36 million tonnes for USD2.5bn. The total amount of imported coal increased by 46% compared to the same period last year. Vietnam mostly imported from Indonesia, Russia and China. A total of 140,000 tonnes of coal were imported from China for VND6.2m (USD266) a tonne, tripled the average prices from other markets. In July, Vietnam mostly imported from Indonesia. A total of 11.2 million tonnes were bought by VND1.1m a tonne. Coal imports were VND1.5m cheaper than exports. In July alone, Vietnam exported 410,000 tonnes for USD57m. Coal imports have recently increased. In 2019, Vietnam had to import 43.7 million tonnes of coal for USD3.78bn, an increase of 91% compared to the previous year. According to the Ministry of Industry and Trade, coal imports increased due … [Read more...] about Vietnam increases coal import for thermal power activities
Nikkei Asian Review: Samsung Electronics looks to shift production to VN Samsung Electronics will end personal computer production in China as it looks to shift production to Viet Nam to cut costs and remain competitive in the PC business, according to the Nikkei Asian Review. … [Read more...] about How do VN businesses join the global supply chain?