VietNamNet Bridge - The news that Danone Vietnam, a subsidiary of French Danone, the owner of Dumex brand, would shut down by 2017 has raised doubts that the Vietnamese dairy market is no longer attractive. Milk shops and sales agents were surprised about the news that Danone is scaling down its operation in Vietnam, saying that they still continue receiving goods from the supplier for sale. Ngoc, the owner of a shop on Nguyen Thai Son street in Go Vap district, said she receives VND3-4 million worth of Dumex dairy products a month. Ngoc said Dumex is a well known brand. However, compared with other brands, Dumex's products sell more slowly and there are fewer loyal customers. The manufacturer rarely launched sales promotion program in the last year, which could be a reason for the slower sales. Some other sales agents said the sale has been going as usual, with no big increase and decrease. The best sellers are products for children aged 6-12 months and 1-2 years old. A report … [Read more...] about Is Vietnam’s dairy market no longer attractive to foreigners?
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VietNamNet Bridge - The dairy market is expected to become hot as more free trade agreements (FTAs) take effect, bringing more foreign producers to the Vietnamese market. Analysts say powdered milk is now a playing field for foreign producers, who hold 70 percent of the market share. The liquid milk market segment is led by Vinamilk, a Vietnamese producer which holds 50 percent of market share. Pham Thi Kim Oanh, director of DFB Hanco Nutrition, said that 3 percent milk material tax cut would have no significance to producers, but 7-10 percent tax cut on finished products will attract foreign firms. Euromonitor, a market analysis firm, commented that the ‘heat from FTA has caused Vietnamese enterprises to transpire’. The production cost of dairy products in Vietnam is $1.4 per liter, which is higher than $1.2 per liter in New Zealand and Australia. Vietnamese dairy producers would find it difficult to compete with imported products once the import tariff is removed. … [Read more...] about Fierce battle in dairy market anticipated
VietNamNet Bridge - Forecasts about the real estate market in 2018 are all inclined towards optimism. The real estate market is warming upAnalysts believe the market will witness further growth in many market segments thanks to strong demand.Affordable housingHigh-end property (villas, high-end apartment blocks and resorts) in HCM City have had stable supply and demand in the last few years. However, the supply increased rapidly and market analysis firms estimate that the absorption rate of apartments of this kind was only 60 percent in 2017. Analysts say that with increased demand, plus upgraded infrastructure, including a subway system in the near future, the mid-end market segment will be bustling in 2018.A report found that in 2017 the number of apartments sold decreased by 18 percent compared with 2016. In HCM City, 30,000 apartments were sold, 60 percent of which were mid-end products.Though still giving optimistic forecasts about the growth rate of the high-end … [Read more...] about What will the real estate market be like in 2018?
No optimistic signal for market: securities firms Thuy Trieu By Thuy Trieu - The Saigon Times Daily HCMC - Given the slight movement during last week and no optimistic news on macro economy, securities companies don’t expect any strong rallies on the equity market this week. The VN-Index closed last week at 385.71 points, falling 1.2 points on Friday alone but decreasing only one point for the whole week. The dreary trade on the stock market has persisted for the last three months with similar daily scenario of low liquidity and indexes moving in a narrow range. Last week saw trade averaging out at 29 million shares a day, compared to an average volume of 31.2 million in the week before. On Friday, the southern market saw 102 stocks increasing and 98 falling with 25 hitting the ceiling prices and 41 tumbling to the floor prices. Technical analysis of Ho Chi Minh City Securities Co. (HSC) shows that the investors are still cautious so the pressure of short-term profit taking … [Read more...] about No optimistic signal for market: securities firms
VietNamNet Bridge - The Chinese demand for goods has been increasing, which should be seen as the golden opportunity for Vietnamese enterprises to boost exports, especially when other export markets have been narrowed due to the economic crisis. According to Pham Quang Dieu, Managing Director of AgroMonitor, a market analysis firm, the fact that Chinese businessmen come to Vietnam to hunt for farm produce has led to the sharp increases of Vietnam's farm produce exports to China. … [Read more...] about Vietnamese manufacturers told it’s the right time to penetrate Chinese market