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BUSINESS IN BRIEF 29/5

Rubber companies in despair as price falls As rubber companies totally depend on export price, they are likely to fail in achieving their business targets for this year, with rubber prices currently at their lowest. Losing trend in the global rubber market started from 2012, mainly caused by the economic crisis, especially the sovereign-debt crisis in Europe which urged these ... Read More »

Seminar highlights civil society’s input into ADB policies

The supervisory role played by the Vietnamese civil society in the implementation of the Asian Development Bank (ADB)’s sponsor policies was discussed at a seminar in Hanoi on May 28. The event was co-organised by the Centre for Water Resources Conservation and Development (WARECOD) and the Vietnam River Network (VRN). The seminar provides a clear panorama of the implementation of ... Read More »

HSBC Vietnam receives Euromoney award

HSBC (Vietnam) Ltd. ((HSBC Vietnam) was named the Best for Overall Market Share in Vietnam in the Euromoney Foreign Exchange Survey 2013. The news was announced on May 28 by the bank, which added that 2013 is the third consecutive year that HSBC Vietnam has been honoured with the award. The award is attributed to the significant investment that the ... Read More »

Products for children enjoy big promotion

Supermarkets in Ho Chi Minh City are applying many promotional programmes to products for children on the occasion of International Children’s Day (June 1). According to Duong Thi Quynh Trang, director in charge of public relations and foreign affairs at the Big C supermarket chain, the supermarket is organising the biggest programme for children, including price cuts of 5-50 percent ... Read More »

Fair boosts trade links with Mekong Sub-region

As many as 200 businesses including Cambodia companies are promoting their products at a trade fair which kicked off on May 28 in Xuan To industrial zone, Tinh Bien district, southern An Giang province. Tinh Bien–An Giang International Trade Fair 2013, now in its seventh year, evolved from a border trade fair. It saw the presence of over 500 booths, ... Read More »

Vietnam willing to support Chad in agriculture

With its strength in rice production, Vietnam is willing to support the Republic of Chad with technology and experts in the field, as well as rice varieties and suitable cultivation processes, Minister of Agriculture and Rural Development Cao Duc Phat has said. Speaking at a conference in Hanoi on May 28 to review the Vietnam – FAO – Chad tripartite ... Read More »

Difficulties attack long distance transportation firms from all four sides

VietNamNet Bridge – Airlines have to reduce the airfare continuously, while road passenger carriers have scaled down their business or sell coaches to pay debts. The passenger transportation firms are facing the biggest ever difficulties. Mai Linh, Phuong Trang and Thanh Buoi, the three biggest names in the field in HCM City have been reportedly undergoing big troubles. Mai Linh, ... Read More »

Binh Dien fertilizer company builds factory in Ninh Binh

The Binh Dien Fertilizer Joint-stock Company, the country’s leading NPK maker, on May 28 began the construction of a production line in the northern province of Ninh Binh. The company’s first factory in the north has a designed capacity of 150,000 tonnes of NPK fertilizer per year in the first stage, which will be increased to 400,000 tonnes in the ... Read More »

Lending jumps 2.29 percent

As of May 22, total lending of the whole system increased 2.29 percent from the end of last year, the State Bank of Vietnam (SBV) announced on May 27. According to the bank, dong loans were up 4.57 percent while foreign currency lending declined 8.07 percent. There is a high possibility that general credit would reach 2.5-3 percent at the ... Read More »

NA deputy blasts SBV on gold market management

VietNamNet Bridge – Deputy Huynh Ngoc Anh of the National Assembly (NA) last Wednesday blamed the State Bank of Vietnam (SBV) for the wide gap between local and global gold prices, stressing that the central bank’s governor failed to work out the NA resolution. Anh, who is deputy judge of the HCMC People’s Court, spent most of his time at ... Read More »