New trends in Vietnam’s rice exports 2018 is witnessing new trends in Vietnam’s rice export sector, notably the priority of exporting high-quality rice through international bidding as well as stricter and more diverse trade barriers from importing countries. Preliminary data by the General Department of Customs shows that Vietnam exported 264,500 tonnes of rice in October, generating a revenue of US$135.56 million, up 22.96% in volume and 31.8% in value, compared with the same month last year. The total volume of rice exports in the first ten months of 2018 was 5.15 million tonnes, worth US$2.6 billion, representing year-on-year increases of 6.62% and 21.49% in volume and revenue respectively. What is notable during the period is that the price of Vietnamese rice has now surpassed that of Thailand, averaging at more than US$500 a tonne, up about 15%. In 2016, Vietnam exported 4.8 million tonnes of rice, bringing in US$2.1 billion. The respective volume and revenue figures … [Read more...] about BUSINESS NEWS IN BRIEF 20/11
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BUSINESS NEWS IN BRIEF 13/10
Helicopter Corporation to sell 20.3 million shares of MBLand Holdings The Vietnam Helicopter Corporation (VNH) will auction 20.3 million of its shares in property developer MBLand Holdings with the beginning price of 12,366 each on October 26. According to the Ha Noi Stock Exchange, VNH holds a 31 per cent stake in MBLand Holdings. VNH is expected to collect a minimum VND251 billion from the sale. MBLand, formerly known as MB Real Estate JSC, was established on January 25, 2008 by two major shareholders, Military Commercial Joint Stock Bank (code: MBB) and VNH. After nine years of establishment and development, MBLand Holdings now has an ownership capital of VND800 billion, total assets worth VND2 trillion and charter capital of VND653.7 billion. MBLand Holdings has 18 shareholders, including 12 organisations and six individuals. The main shareholder of MBLand Holdings is MB Bank with the ownership ratio of over 65 per cent, or nearly 42.7 million shares. In early … [Read more...] about BUSINESS NEWS IN BRIEF 13/10
BUSINESS NEWS IN BRIEF 8/8
VIB buys back all bad debt from VAMC Vietnam International Bank (VIB) announced last week that it has repurchased more than VND1.46 trillion (US$64.2 million) worth of debt from the Viet Nam Asset Management Company (VAMC). With this move, VIB was recognised by the State Bank of Viet Nam and VAMC as one of four banks which required all bad debts that they sold to VAMC. Three others are Vietcombank, Techcombank and MBBank. Earlier in July, VIB released its financial report in the first half of 2018 with a profit of over VND1.15 trillion ($51 million), triple that of the same period last year, or equivalent to 57 per cent of the yearly target. During the period, the banks’ net revenue reached VND2.7 trillion, up 56 per cent year-on-year, while its lending saw a yearly rise of 9 per cent to VND91.7 trillion. From January to July, VIB’s Capital Adequacy Ratio (CAR) was maintained at 12.5 per cent while the cost-income ratio (CIR) stood at 49 per cent, … [Read more...] about BUSINESS NEWS IN BRIEF 8/8
A leader in business news since 1991
On the threshold of its 26th anniversary this week, VIR talks to foreign business leaders in Vietnam about the newspaper’s performance and how it helps them to navigate and succeed in the country’s fast-changing corporate landscape. VIR pledges not to rest on its laurels, and to continually produce up-to-date news for the community here in Vietnam Shenbagam Manthiram - Chief Representative, Tata Power Vietnam VIR is very useful for our business in Vietnam. In fact, I begin my Monday morning reading VIR before I even start my work, as it provides good insights into the power sector and explains what is happening with regards to policy matters, the status of various projects, investor views, provincial issues, the challenges of the sector, and technology inputs. Armed with the latest knowledge about local happenings, … [Read more...] about A leader in business news since 1991
VTV launches business news channel
In Briefs (01-08-2007) VTV launches business news channel HA NOI — Viet Nam Television (VTV) officially launched a channel dedicated to information on business, trade and the securities market yesterday. Called InfoTV, the channel will be broadcast over cable as VCTV9. InfoTV will provide daily live coverage of the HCM City and Ha Noi stock exchanges from 8am to 11am and a stock market wrap-up at 19:45pm. It will also broadcast a daily 30-minute programme providing insight into the global and domestic economies. Tien Giang opens e-commerce website TIEN GIANG — The southern province of Tien Giang has opened an e-commerce portal at www.tiengiangetrade.com.vn. The website is expected to help local enterprises improve their competitiveness, as well as provide information on laws and regulations, the business climate, preferential policies and international trade rules. Gold prices fall after week of rising HCM CITY — Domestic gold prices have fallen below the benchmark … [Read more...] about VTV launches business news channel