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Vietnam ranks fourth in world instant noodle consumption

Vietnam came fourth in the global instant noodle consumption rankings as it consumed more than 5.1 billion packets of instant noodles in 2012. China tops the list with 44 billion packets, followed by Indonesia with 14.1 billion and Japan with 5.4 billion, according to Radio the Voice of Vietnam (VOV) website. According to the World Instant Noodles Association based in ... Read More »

Vietnam’s PMI sees slight growth in early Q2

The Purchasing Managers’ Index (PMI) of Vietnam’s manufacturing sector posted 51 points in April, up slightly from 50.8 a month ago, signalling improvements in operating conditions for the first time in almost two years. The figure was released by the Hong Kong and Shanghai Banking Corporation (HSBC) in its recent report on Vietnam ’s PMI at the beginning of the ... Read More »

Trade deficit recurs in April

Vietnam experienced a trade deficit of 1 billion USD in April, after maintaining surplus for several consecutive months from late 2012. According to the Ministry of Industry and Trade’s Import-Export Department, last month, the country’s exports reached 9.7 billion USD while its imported amounted to 10.7 billion USD. In the first four months of 2013, Vietnam earned 39.5 billion USD ... Read More »

Part 1: from K-pop to K-invest

VietNamNet Bridge – Vietnamese have got familiar to the Korean culture, and they have joined hands with South Korean investors. The third South Korean investment wave has begun in Vietnam, with the big changes in the investors’ tastes. It surprised all the Saigonese when they realized that Legend Hotel, which had been existing for 10 years in HCM City, changed ... Read More »

The world’s leading big guys land in Vietnam

VietNamNet Bridge – More and more big guys in the world have announced their direct investments in Vietnam, which, in the eyes of analysts, shows that foreign investors have confidence on the prosperity of the Vietnam’s economy. Auchan, a French retailer, the rival of the big names like Wal-Mart, Carrefour, Lotte, Metro and Big C, has returned to Vietnam with ... Read More »

BUSINESS IN BRIEF 2/5

Vietnam-Spain trade exchange hits 2 billion euro Two-way trade turnover between Vietnam and Spain hit a record high of 2.003 billion euro in 2012, a year-on-year increase of 19.4 percent. Of the figure, Vietnam’s export surplus continued to remain high. According to the Spanish Customs, Vietnam’s exports to the country were estimated at US$1.799 billion euro (up 23.8 percent) and ... Read More »

The biggest so far M&A deals in Vietnam

VietNamNet Bridge – The Bank of Tokyo’s investment in Vietinbank was the biggest merger and acquisition (MA) deal in 2012. Foreign groups now keep pouring money into the insurance and building material enterprises. A report of StoxPlus, a finance service firm, showed that big foreign groups now eye the Vietnamese insurance and building materials, having invested $388 million and $587 ... Read More »

Nation sees goods, services sales boost

The country’s total retail sales value of goods and services increased by just 4.6 percent to 849.9 trillion VND (40.4 billion USD), according to a General Statistics Office (GSO) report. Vu Manh Ha, an expert at the GSO’s Internal Economic Department, said this was the lowest increase for many years. In the previous years, total retail sales value of goods ... Read More »

Northern provinces’ specialties to be introduced

A fair showcasing the northern region’s agricultural, industrial and commercial products will be held in Ha Giang province from May 3-9. Radio the Voice of Vietnam (VOV) website quoted Nguyen Duc Vinh, director of the Ha Giang provincial Department of Agriculture and Rural Development, as saying that the fair is part of the national agricultural promotion programme which aims to ... Read More »

Agriculture exports reap marginal gains

Agriculture exports reap marginal gains Planks being produced by Hoang Duc Linh Company in central Quang Tri Province’s Dong Le Industrial Zone. The increase of farm, forest and aquatic product exports was thanks to increased demand for rice, pepper, cashews, tea and timber products. — VNA/VNS Photo Tran Viet HA NOI (VNS)— Exports of farm, forest and aquatic products reached ... Read More »