On December 11, nearly 1,000 employees of Nhom Mua Company received a letter from the HR department informing that investors had stopped providing funds to the Company. The financial sponsors of Nhom Mua Company are three sources in Vietnam, namely, IDG Ventures, Reabate Networks and Ru-Net, having 72.73 percent stake in Nhom Mua. Soon after the website shutdown, groupon company Nhom Mua (www.nhommua.com) experienced another upheaval in its board of directors, with the general manager stepping down. … [Read more...] about Two online trading companies shut operations
General trading company
In recent years, Vietnam's agriculture has gained certain development, making important contributions to the export sector of various agricultural commodities, especially rice and catfish. However, this development remains short of fulfilling the sector’s full potential; one of the reasons is the absence of a successful value chain for agricultural products. One important measure to develop the value chain of agricultural products is to encourage trade enterprises to participate. Currently, there are still many difficulties hindering enterprises when participating in the agricultural value chain relating to activities of trade promotion, production stimulation, ensuring product quality and reasonable price for consumers. The trade companies’ role is under-appreciated. This has made it more difficult for the catfish industry. In addition, the role of rice buyer is also not been recognized properly despise purchasing over 93 percent yield. To solve this problem, recently in … [Read more...] about How to Enhance Role of Trading Companies in Value Chain of Rice and Catfish?
The South African Embassy in Vietnam and the South African Consulate in Ho Chi Minh City collaborated with the Vietnam Chamber of Commerce and Industry (VCCI) to organise many meaningful activities to enhance trade and investment promotion between the two countries in a move to celebrate National Day and the 20th anniversary of "Freedom Day" of South Africa. Remarkable programmes included the Vietnam - South Africa Trade and Investment Promotion Seminar held at New World Hotel, Ho Chi Minh City, on March 27, 2014 and the Vietnam - South Africa Business Exchange organised at Animus Lounge, 19 Phung Khac Khoan, District 1, Ho Chi Minh City, on March 28, 2014. The two countries established diplomatic relations in 1993, just before South Africa held its first democratic elections in April 1994. In the past two decades, the friendly bilateral relations have constantly developed in all aspects and achieved new progress not only in politics and economy. South Africa is the biggest export … [Read more...] about Vietnam, South Africa Accelerating Trade and Investment Promotion
Soon after Viet Nam became an official member of the WTO earlier this year, local insurance industry analysts watched with great interest as the Japanese Daiichi Life Insurance Company purchased a 100% interest in Bao Minh CMG Life. The acquisition is considered to be the biggest deal in Vietnamese financial history. Soon after the purchase, Daiichi held a press conference announcing both its entry into the Vietnamese life insurance market and the replacement of the Bao Minh name with Daiichi. In a single stroke Bao Minh CMG was history. But Vietnamese companies are not only being bought up by foreign interests, they are often being bought by other Vietnamese companies as well. Take, for example, the Phuong Nam Cement Company, recently acquired by the Tay Ninh - Tafico Joint Stock Cement Company for more than VND 400 billion. Also in the news recently was the franchising of several Vietnamese companies such as Trung Nguyen Café and Pho 24. Franchises can be purchased … [Read more...] about Trading Companies: Risky Business
VietNamNet Bridge - The Vietnam Sugar and Sugar Cane Association is consulting with its members on the establishment of a trade company which is hoped to help stabilize the sugar prices. Sugar refineries lack capital to maintain their production. The business performance goes up and down all the time. When the supply gets profuse, the sugar price goes down and merchants do not want to store sugar. Therefore, sugar refineries and sugar cane growers do not feel happy with big crops. Meanwhile, there always exists a big gap between the price set up by refineries and the price defined by distributors. … [Read more...] about Refineries attempt to set up trade company to stabilize sugar prices