Business

Foreign players dominate Vietnam’s animal feed market

Foreign players dominate Vietnam’s animal feed market

Despite accounting for some 65 percent of Vietnam’s market share, foreign animal feed producers are continuously expanding production to further dominate the country’s fertile market.

Bamboo Airways officially launched

FLC Group has officially launched Bamboo Airways which is scheduled to provide its first flights in October this year.

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Deputy PM confident that Vietnam will have 15,000 cooperatives by 2020

Deputy Prime Minister Vuong Dinh Hue has stated his confidence that cooperatives in Vietnam are beginning to flourish after a long period of poor performance and Vietnam’s goal to have 15,000 cooperatives established by 2020 is achievable.

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Chinese businesses want to sell Vietnam’s rice in Guangxi supermarkets

Chinese businesses are looking to collaborate with Vietnamese partners to stock Vietnamese rice in supermarkets throughout Guangxi province.

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HCM City seeks to expand orchid market

HCM City is working with several provinces to set up orchid supply chains and mitigate shortages there, especially during holidays when supply dwindles and prices shoot up.

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Vehicle sales fall in Ghost Month

Many motorbike and car dealers in Vietnam’s big cities reported slower sales at this time of the year which falls on the 7th lunar month traditionally called the Ghost Month.

 >>  Ancestors get life-size paper cars and motorbikes on July festival
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Direct air route to Los Angeles considered

Discussions have continued on the feasibility of direct flights between the US and Vietnam.

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Vietnam-Cuba joint venture approved to produce detergents in Cuba

Suchel TBV S.A., a joint venture between Vietnam and Cuba, was approved by the Cuban Government to build a detergent plant in the Mariel Special Development Zone (ZEDM), according to Cuban News Agency (ACN).

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The Vietnamese banking sector has set a goal that at least one bank be ranked among Asia’s top 100 by late 2020.

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The Ministry of Justice has opposed to a new regulation by the Ministry of Transport which bans taxi firms from offering car-sharing services.

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Vietnamese shares recouped part of the week’s losses on February 9 as the current massive sell-off across the stock market triggered investors to scoop up stocks at bargain prices.

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Maximum credit growth this year is forecast to be just 18-19 percent, meaning that the banking system will not use up the increased room of 21 percent.

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Hanoi, Danang and HCM City’s taxi associations have sent a joint petition to Prime Minister Nguyen Xuan Phuc, asking for him to intervene to guarantee a fair business environment.

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With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.

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