Economy

Senior personnel change at Habeco, Sabeco stock sets new record

Friday, 08 September 2017 09:59

Senior personnel change at Habeco, Sabeco stock sets new record Carlsberg Breweries A/S has introduced its new representative for a vacancy on the Board of Directors of Hanoi Beer, Alcohol and Beverages Corporation (Habeco), aiming to increase its controlling rights.
 

Real estate remains 2nd largest FDI lurer in VN

Friday, 08 September 2017 09:50

Real estate remains 2nd largest FDI lurer in VN Despite having fallen to the fourth position in terms of foreign direct investment in the first eight months of 2017, the real estate sector remains the second-biggest recipient of this type of investment to date.
 
 

Leading Vietnamese ocean shipping enterprise flooded by losses

Friday, 08 September 2017 09:48

Leading Vietnamese ocean shipping enterprise flooded by losses One of Vietnam’s leading ocean shipping companies, Vietnam Ocean Shipping JSC (Vosco), a subsidiary of Vietnamese shipping group Vinalines, has been operating with massive losses.
 
 

Three VN contractors blacklisted by World Bank for fraud

Friday, 08 September 2017 09:44

Three VN contractors blacklisted by World Bank for fraud Strict penalties were levied on three contractors for fraud during the bidding process of two projects running under Vietnam Inland Waterways Administration as the main investor and funded by the World Bank.
 
 

Import taxes on auto parts may be cut

Friday, 08 September 2017 09:40

Import taxes on auto parts may be cut The Ministry of Finance (MoF) plans to cut import taxes on automobile parts in line with WTO rules, according to the Vietnam News Agency (VNA).
 
 

FDI to Vietnam is mostly from Asia, with South Korea ranked first

Thursday, 07 September 2017 11:28

FDI to Vietnam is mostly from Asia, with South Korea ranked first  The great advantages of Vietnam’s business environment and its membership in FTAs and the AEC have helped to attract many investors from Asia.
 
 

Wood industry feels the heat from Chinese buyers

Thursday, 07 September 2017 11:19

Wood industry feels the heat from Chinese buyers Vietnamese wooden furniture manufacturers fear they will not have enough wood to fulfill export contracts as Chinese have been flocking to Vietnam to buy wood.
 
 

Ministry moots ethanol import tax cut

Thursday, 07 September 2017 11:08

Ministry moots ethanol import tax cut The Ministry of Finance has proposed to lower import tax on bio-fuel ethanol from 20 to 17 percent so as to make E5 petrol cheaper.
 
 

Food exporters removed from US list as new regulations take effect

Wednesday, 06 September 2017 11:01

Food exporters removed from US list as new regulations take effect  More than 1,000 Vietnamese companies have been removed from the list of companies allowed to export products to the US for failing to extend their registration. Many of them were apparently not aware of or understand new, strict regulations from the US. 
 
 

Automation spelling doom for manufacturing hotspots?

Wednesday, 06 September 2017 10:43

Automation spelling doom for manufacturing hotspots? Economic development is not a linear formula for each and every country to blindly follow, and one of the most important stepping stones, the industrial revolution, seems to be coming loose as technology and automation are reshaping production and trade.
 
 

Market to maintain upward trend in September

Wednesday, 06 September 2017 10:42

Market to maintain upward trend in September It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders.
 
 

Vinalines` designs to maintain controlling stake in three strategic seaports

Wednesday, 06 September 2017 10:39

Vinalines` designs to maintain controlling stake in three strategic seaports Vietnam`s shipping group Vinalines are looking to keep holding at least 65% of the chartered capital in large-scale seaports in Haiphong, Danang, and Saigon, which are considered geese that lay golden eggs.
 
 

Domestic brands held at gunpoint by international fashion brands

Thursday, 31 August 2017 10:15

Domestic brands held at gunpoint by international fashion brands In the context of more and more fashion brands entering the Vietnamese market and gaining significant market share, domestic firms in the fashion industry have to draw up solutions to regain market share and seize back their position.
 
 

$9 billion Nghi Son refinery and petrochemical complex about to start operating

Thursday, 31 August 2017 10:14

$9 billion Nghi Son refinery and petrochemical complex about to start operating Nghi Son refinery and petrochemical complex’s preparations for its debut in the fourth quarter of 2017 have been completed, so the complex is in a rush to finish all minor remaining tasks for a perfect launch on time.
 
 

Multi-billion VND ethanol projects back on planning table

Thursday, 31 August 2017 10:12

Multi-billion VND ethanol projects back on planning table PetroVietnam, the investor of Bio-Ethanol Dung Quat, Phu Tho and Binh Phuoc ethanol factories has entered a co-operation with partners to rescue these three factories, according to newswire Bizlive.
 
 

PetroVietnam willing to let Dung Quat Shipbuilding go bankrupt

Thursday, 31 August 2017 10:11

PetroVietnam willing to let Dung Quat Shipbuilding go bankrupt After being put on sale, if investors ignore Dung Quat Shipbuilding Co., Ltd., it will go bankrupt.  
 
 

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