Vietnam may lose Buon Ma Thuot coffee brand
Vietnam News Today » Business
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2y ago
The problem lies in the fact that a Chinese company has registered the trademark “Buon Ma Thuot” as the exclusive trademark in China. Experts have warned that the Chinese company may take a further step by registering the Buon Ma Thuot trademark all over the world. Vietnam urged to take legal proceedings on Buon Ma Thuot ..read more
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OceanBank offers preferential interest rate
Vietnam News Today » Business
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2y ago
The program is designed for enterprises in sectors of agriculture production, export and other business sectors. Accordingly, the bank’s the most preferential lending interest rate of 16% per year will be offered for sectors of agriculture and export and the minimum lending interest rate of 17% per year is for other business and production fields ..read more
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Overnight interest rate falls up to 2.5pct, net withdrawal at over 3tr dong on OMO
Vietnam News Today » Business
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2y ago
According to the data compiled by Reuters and calculated by the local online newspaper NDHMoney, in five sessions from September 12 to 16, the central bank pumped 22.981 trillion dong on OMO at the interest rate of 14% per annum (p.a.) for 7-day term and withdrew 26 trillion dong ..read more
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Auto tax debate continues, business suffer
Vietnam News Today » Business
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2y ago
An importer has accused customs agencies of deliberately delaying procedures to put difficulties on the enterprise. Customs agencies deliberately put difficulties in enterprises’ way ..read more
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Vietnam to form large bank group: report
Vietnam News Today » Business
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2y ago
Vietnam’s central bank plans to form a group of 12 large commercial banks which have a combined market share of 85 percent in an attempt to restore order in the banking system, news website VnEconomy reported ..read more
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Milk prices unexpectedly shoot up
Vietnam News Today » Business
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2y ago
Nestlé, Friesland Campina Vietnam and Hancofood also announced a price hike of between 3 percent and 15 percent on their products. Nguyen Ngoc Kinh Luan, director of external relations of Friesland Campina Vietnam, said the price of raw material milk did not have anything to do with the price hikes this time. The main cause was an increase of 18 percent in the price of packaging materials and up to 54 percent in the price of other input materials, he said ..read more
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Vietnam’s Handicraft Exports Target $1.6 Billion by 2015
Vietnam News Today » Business
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2y ago
Under the plan, the export value of rattan and bamboo products is expected to reach US$530 million, accounting for 33% of the total; pottery and porcelain is targeted to be US$480 million (30%); weaving, US$270 million (17%); art objects and wooden household items, US$130 million (8%) and other groups together should make up US$190 million, accounting for the remaining 12 ..read more
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Pepper futures show mixed trend amidst aggressive spot buying
Vietnam News Today » Business
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2y ago
As the futures prices were ruling high exporters were covering aggressively and actively farm grade pepper from the spot market while investors were buying exchange pepper at Rs 3 above the September delivery price. Overseas demand appears to have made the exporters buy actively. Even Vietnam processor-exporters were said to be covering farm grade pepper from India to meet their export commitments, market sources told Business Line ..read more
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Vietnam’s import spending on oil and gas in Aug at over $820m
Vietnam News Today » Business
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2y ago
The country’s oil and gas import in August increased 70% from July and was equal to the figure of the same period last year. The country’s import value for oil and gas in August was up 68% month on month and 50% year on year, the General Department of Vietnam Customs reported on Friday ..read more
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Vietnamese software firms consider Japan as the major market
Vietnam News Today » Business
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2y ago
The Japanese software market is really attractive in the eyes of Vietnamese software outsourcing firms. Up to 80 percent of Vietnamese firms consider Japan as the core market ..read more
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