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Vietnam promising market for foreign cosmetics manufacturers

VietNamNet Bridge – Vietnamese youth, who account for 60 percent of the total population, are a promising market for health and beauty products. The industry has an average growth rate of 30 percent per annum.  The cosmetics industry grows by 30 percent per annum A series of South Korean cosmetics brands have arrived in Vietnam ... Read More »

VCSC downgrade local pharmacy firm

An automated production line for soft capsules at a factory of Hậu Giang Pharmaceutical Joint Stock Company. — VNA/VNS Photo Hoàng Hải Viet Nam News HÀ NỘI — The Việt Dragon Securities Company (VCSC) has forecast a bleak outlook on sluggish sales and rising input costs for Hậu Giang Pharmaceutical Joint Stock Company (DHG). The company has downgraded the potential ... Read More »

VEAM to list on HOSE

VEAM is one of the MOIT’s most profitable enterprises. — Photo Viet Nam News HÀ NỘI — The Việt Nam Engine and Agricultural Machinery Corporation (VEAM) will present to shareholders a plan to list on the Hồ Chí Minh Stock Exchange (HOSE). The proposal will be presented at a shareholders’ meeting on June 29. VEAM has a chartered capital ... Read More »

VinFast, AAPICO team up to produce auto parts

Leaders of VinFast and AAPICO sign the memorandum of understanding on setting up a joint venture on auto body stamping and welding in Việt Nam. — Photo Vingroup Viet Nam News HÀ NỘI — VinFast Manufacturing and Trading Company and a Thai company will set up a joint venture on auto body stamping and welding in Việt Nam. VinFast, a ... Read More »

VN leaders’ foreign visits expected to up FDI

VietNamNet Bridge – According to the Foreign Investment Agency, in the first five months of the year foreign direct investment in new projects was worth US$4.66 billion, 17 per cent down from last year’s figure for the same period.  A view of Dong Nai Province. According to the Foreign Investment Agency, in the first five months of the year foreign ... Read More »

Domestically-assembled cars overwhelm imported vehicles

A total of 23,065 automobiles were sold in the domestic market in May, up 9 percent against the previous month, reported the Vietnam Automobile Manufacturers’ Association (VAMA). Of the figure, 15,397 are passenger cars, showing a month-on-month increase of 13 percent. Meanwhile, 6,890 commercial and 778 special-purpose vehicles were sold in May, down 8 percent and 36 percent, respectively. In ... Read More »

Home-businesses jump regulations

Many household businesses in HCM City are reluctant to formally register as businesses despite authorities’ inducements. — Photo Viet Nam News HCM CITY — More than a year after it rolled out support policies to help household businesses become enterprises, only 3,950 out of 250,000 have done so, the HCM City Department of Taxation has said. Trần Thị Thanh ... Read More »

Bank loan interest rates high, though capital still flows to real estate

VietNamNet Bridge – A large part of capital is still going to non-priority sectors, including real estate. Director of the Credit Department Nguyen Quoc Hung confirmed last week that credit has grown by 5 percent and that loans disbursed for the agriculture sector have increased rapidly. The outstanding loans to agriculture have reached VND1,300 trillion, an increase of 5.8 percent, ... Read More »