Vinatex completes 65% of yearly revenue target Viet Nam National Textile and Garment Group (Vinatex) has completed 65 per cent of the yearly target set for total revenues with its eight-month result (excluding VAT) reaching over VND31.45 trillion (US$1.34 billion). This figure also represented a rise of 7 per cent against the same period last year, the textile group reported in a filing to the Ministry of Planning and Investment. In August alone, it earned VND4.48 trillion in revenue, down 5 per cent year-on-year, of which turnover of the parent company and subsidiaries with its holdings of over 50 per cent capital reached almost VND1.74 trillion. Revenues from other affiliate companies in which the group holds less than 50 per cent capital reached a combined VND2.74 trillion. Vinatex attributed the growth in total revenues to increases in sales of fibre products (96,051 tonnes, up 9.5 per cent year-on-year), fabric of all kinds (100.7 million m3, up 18.6 per cent) … [Read more...] about BUSINESS NEWS IN BRIEF 1/9
Reliance gas transportation infrastructure ltd
CLEAN TECHNOLOGY FUND INVESTMENT PLAN FOR VIETNAM
CLEAN TECHNOLOGY FUND INVESTMENT PLAN FOR VIETNAM CLEAN TECHNOLOGY FUND INVESTMENT PLAN FOR VIETNAM VIETNAM CLEAN TECHNOLOGY FUND INVESTMENT PLAN TABLE OF CONTENTS Introduction4 I.Country and Sector Context4 II.Priority Sectors for GHG Emission Reduction8 Energy Efficiency10 Renewable Energy11 Transport14 Summary16 III.Rationale for Selected Sectors for CTF Co-financing17 Energy Efficiency18 Renewable Energy21 Urban Transport23 IV.Enabling Policy and Regulatory Environment25 Energy Policy Framework28 Transport Policy Framework29 V.Implementation Potential and Risk Assessment30 VI.Financing Plan and Instruments32 Reference34 Annexes: MDB Proposals for CTF Co-Financing 1.Industrial Energy Efficiency Project (ADB)35 2.Power Transmission Investment Program (ADB)39 3.Urban Transport Program (ADB)42 4.Supporting Development of a Smarter Transmission Grid (IBRD)48 5.Private Sector Financing Program for Energy Efficiency, Cleaner Production and … [Read more...] about CLEAN TECHNOLOGY FUND INVESTMENT PLAN FOR VIETNAM
BUSINESS IN BRIEF 18/8
Vietnamese goods introduced at Ukrainian fair Many Vietnamese enterprises and associations in Kharkov and Odessa cities of Ukraine are displaying their products at the country's traditional trade fair Sorochinsky Yarmarok in central province of Poltava, which has been organised annually in mid-August since the 18th century. On showcase at Vietnam's booths are traditional farm produce and foods, herbal medicines, handicrafts, and cultural and tourism products. Visitors to the event, which runs until August 21, also have a chance to enjoy Vietnamese traditional songs and dances, which are performed by the Vietnamese community in Kharkov and Odessa. Vietnamese booths at the fair have attracted a large number of visitors including Poltava governor Valery Golovko, who came to learn about Vietnam's socio-economic development and the country's key export products. Director of the fair Olga Oleshko praised Vietnam's participation in the fair in the last two years, saying that she hopes Vietnam … [Read more...] about BUSINESS IN BRIEF 18/8
BUSINESS IN BRIEF 16/4
Poultry breeding heats up again General manager CP Vietnam Montri Suwanposri said that Vietnam’s poultry prices are closer with prices of other countries; accordingly, CP Vietnam will sell chicken to Japan after finishing paper works as per the partners’ requirement. Montri Suwanposri added that C.P in Thailand is the leading firm exporting chicken meat to Japan for years with the quantity of five million a week. There has been an increase in poutry meat orders lately because many countries banned import chicken from Brazil , an exporter of chicken to Japan, after food safety scandal. These countries switched to import chicken meat from Asian countries especially Thailand. At present, prices of poultry in hi-tech farms in Vietnam is similar to chicken prices in other Asian countries, accordingly, C.P Thailand will share its orders with Vietnamese firms and C.P Vietnam has planned to sell chicken meat to Japan in 2019. In 2017, Vietnam’s livestock sector marked its … [Read more...] about BUSINESS IN BRIEF 16/4
BUSINESS IN BRIEF 11/10
Official predicts rally in Q4 A recovery in the Vietnamese stock market in the fourth quarter of this year and a strong rebound in July next year has been predicted by vice chairman of the National Financial Supervisory Commission Le Xuan Nghia. He told a conference in the capital yesterday the domestic market had recently been affected by negative information from the global market. "However, the European market will not collapse and a double crisis will not happen," Nghia said. Meanwhile, the Asian market would continue to be the economic centre of the world in the next 5-10 years, Nghia said. "The toughest period has passed, with inflation and interest rate having declined," he said, estimating inflation in October would increase by only 0.5-0.6 per cent against last month. Interest rates might also be reduced to 14-15 per cent next year, he said. Nghia noted that many potential foreign investors showed interest in the Vietnamese stock market but low corporate … [Read more...] about BUSINESS IN BRIEF 11/10