Business

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BUSINESS IN BRIEF 29/1

Vietnamese foods promoted on Japanese TV; Craft villages target domestic customers; US still top market for clothing forecast to grow 3% this year; Policy advocacy weak in VN business groups; Trade with Russia totals $3.6 billion

BUSINESS IN BRIEF 24/1

Equipment imports of FDI firms surge; Exploring prospects in home-for-rent segment; Non-oil tax revenues run short of target; Banks call for room to fund giant projects; FDI engine needs a big overhaul; FIEs lead way on capital use

High end supermarkets, shopping malls shift to attract popular customers

Splendid high end supermarkets with fandangle windows, which were once the shopping destinations only for the rich, have shifted to serve popular customers as well.

Foreign big guys dodge the laws to retail goods on the market

In Vietnam, Metro Cash & Carry, Adidas registered their business as wholesalers. However, in fact, individual clients still can buy goods directly from the distributors.

Half of Vietnamese businesses have “passed away”

The number of Vietnamese businesses have been decreasing sharply in recent years, according to official reports by state management agencies.

Report says oligopoly exists in 6 business fields

The Competition Administration Department (CAD), an arm of the Ministry of Industry and Trade (MOIT), which conducted a survey on 10 business fields, has found out that oligopoly exists in six of them.

Despite difficulties foreigners still can see MLM opportunities in Vietnam

Avon, one of the three foreign invested enterprises which distribute products in Vietnam under the mode of multi-level marketing (MLM) has announced the withdrawal from the Vietnamese market.

The biggest real estate M&A deals in 2012

A lot of investors had to transfer real estate projects in 2012 when their money got exhausted. Though the real estate market was frozen, it is now still the right time to make investment in the real estate sector, when the prices get cheaper.

BUSINESS IN BRIEF 2/1

Mekong Delta farmers eager for Gov’t to stockpile rice; Agro-aqua-forestry exports increase in 2012; Banks to charge on-us transaction fee from next March; Major solutions to defuse sluggish real estate market

BUSINESS IN BRIEF 20/12

Ministry urges companies to quicken disbursement; Consumer goods import still strong; DOC cancels antidumping review on Agifish; Vietnam-Thailand road extension mulled; Billion-dollar steel projects get moving

Auto manufacturers wish to enjoy treatment like shipbuilders

Domestic automobile joint ventures have expressed their worries that they may have to shut down by 2018, when the import car import tariff reduces to zero percent.

BUSINESS IN BRIEF 19/12

Not all steelmakers in trouble; Big struggle ahead to get local SMEs back on their feet; HCM City exports to top US$30 billion; Businesses pessimistic about 2013 economic prospects; Phu Quoc International Airport inaugurated

BUSINESS IN BRIEF 17/12

Farm produce exports rise on volumes; Eight border-gate EZs get development priority; Online shopping doubles in 2012: Visa; Huge funds needed for irrigation development in Delta; Travel agencies benefit from long Tet holiday

BUSINESS IN BRIEF 13/12

Vietinbank to get US$65 million from foreign banks; Wood industry urged to reform; Taiwan finances aircraft purchase; Foreign partner to buy seafood processor; Tax break lifts investor sentiment; Insurers may fail the target for 2012

BUSINESS IN BRIEF 6/12

Rice exports hit a record high; Rare earth processing plant built in Quang Ninh; HCM City’s GDP soars by 9.3 pct; New ruling fails to rouse gold market; Tightening fruit and vegetable imports; EVN to issue bonds to repay debts

BUSINESS IN BRIEF 4/11

IFC urges Vietnam’s listed firms to improve governance; Vietnam aims for regional top five in tax facilitation; First direct air route to Indonesia launched; Shrimp exports to hit US$2.2 billion this year; The socio-economic portrait after 11 months

BUSINESS IN BRIEF 2/12

CG meeting to be held in Hanoi in December; Koreans top foreign travelers list in Vietnam; Industry remains sluggish, inventories high; EU free trade big advantage; Bank chiefs arrested on fraud counts; Price of sugar cane rises $5 per tonne

BUSINESS IN BRIEF 1/12

Road planning revised down due to capital shortage; Tough to convert commercial condos into low-cost homes; Increased credit targets not easy to obtain; Technology transaction floors quiet; New challenges for Long Xuyen Quadrangle

BUSINESS IN BRIEF 28/11

Assoc. wants furniture quality higher to safeguard consumers; Conditional cashew export seen hitting small traders; Vietnam’s bond market grows the fastest in East Asia; Small apartments still built; SOEs going unchecked