Tra Giang International Beauty and Cosmetics Co recently started construction of a cosmetics manufacturing and packaging plant in Dong Tho Industrial Zone in Bac Ninh Province. The plant, which will occupy a 6,400sq.m area, has a total capital investment of VND50 billion (US$2.4 million). It is expected to be operational in October. The plant will [...]
The retail sales value of goods and services increased by only 0.68 per cent to VND156 trillion (US$7.4 billion) during May. Compared to previous months, May saw the lowest increase in sales value, according to the Domestic Market Watch Board run by the Ministry of Industry and Trade. The total retail sales value during the [...]
The Centre for Financial Data Research and Analysis GAFIN and Viet Nam Association of Seafood Exporters and Producers (VASEP) will co-organise a conference entitled “Viet Nam’s tra fish – Vision for 2015″ on Saturday in HCM City. The conference will focus on clarifying the current economic and production situation and offer industry solutions. In addition, [...]
Here’s a snapshot of the Vietnamese dong, gold and interbank lending rates at 0220 GMT. May 31 May 30 USD/VND mid-point 20,643 20,643 USD/VND interbank 20,500/20,650 20,510/20,610 USD/VND unofficial 20,530/20,550 20,530/20,550 Gold (mln dong per tael) 37.76/37.85 37.66/37.75 Interbank offered rates Overnight 12.5 12.5-13 1 Week 14-15 15 1 Month 16-17 17 3 Months 18-19 [...]
HCM City’s neighbouring province of Dong Nai boasts a high IP occupancy rate, but several parks are languishing with little or no investment, the Dau Tu (Viet Nam Investment Review) newspaper reports. For instance, the 54ha Tan Phu IP that became operational in 2005 has not had a single investment project to date, the report [...]
Prime Minister Nguyen Tan Dung has praised HCM City’s efforts to control inflation, but said stronger measures are needed to succeed. Speaking at a meeting to review socio-economic development and implementation of the Government’s Resolution No 11 to combat inflation in HCM City yesterday, he said the city has stabilised prices, helped reduce the trade [...]
All development plans for the Vietnamese electronic industry could end up nowhere as imported products have flooded the local market, industry insiders say. According to the General Statistics Office, the import turnover for electronic products, computers and spare parts reached US$1.76 billion in the first four months, an increase of 29.7 per cent over the [...]
Merger and Acquisitions (M&A) in Viet Nam are no longer “an exclusive game” for foreign businesses and multinational companies but are now drawing the enthusiastic participation of domestic enterprises. Dang Xuan Minh, director of the AVM Viet Nam Company, said many large private groups in Viet Nam, after gathering their financial resources, had sought to [...]
Vietnam’s total petroleum imports in the first five months of this year were up to 5.142 million tones together with the rise of 41% in price, the total amount of money spending on petroleum imports has increased 61.3% year on year, the Ministry of Industry and Trade (MoIT) reported. The ministry said although Dung Quat [...]
Hanoi Stock Exchange (HNX) has recently announced to organize an auction for two trillion dong worth of G-bonds issued by the State Treasury at 2:00 pm on June 2 via the northern bourse. In details, these bonds have terms of three and five years with a total offering volume of one trillion dong each. The [...]
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