New trends in Vietnam’s rice exports 2018 is witnessing new trends in Vietnam’s rice export sector, notably the priority of exporting high-quality rice through international bidding as well as stricter and more diverse trade barriers from importing countries. Preliminary data by the General Department of Customs shows that Vietnam exported 264,500 tonnes of rice in October, generating a revenue of US$135.56 million, up 22.96% in volume and 31.8% in value, compared with the same month last year. The total volume of rice exports in the first ten months of 2018 was 5.15 million tonnes, worth US$2.6 billion, representing year-on-year increases of 6.62% and 21.49% in volume and revenue respectively. What is notable during the period is that the price of Vietnamese rice has now surpassed that of Thailand, averaging at more than US$500 a tonne, up about 15%. In 2016, Vietnam exported 4.8 million tonnes of rice, bringing in US$2.1 billion. The respective volume and revenue figures … [Read more...] about BUSINESS NEWS IN BRIEF 20/11
Best banks for small business
VPBank named best bank for SMEs
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Fung Kai Jin, VPBank’s deputy general director and director of the SME Sector (middle) receives the award. — VNS PhotoViet Nam News HÀ NỘI — VPBank was named by IFC as one of three banks with the best services for small-and-medium sized enterprises (SMEs) in Asia at the Global SME Finance Forum 2018 held in Madrid on Monday. VPBank surpassed more than 100 international candidates to achieve the silver award. The prestigious prize was evaluated by a jury board including 60 persons in the first round and another 6-8 in the second round. VPBank received the award thanks to its breakthrough growth in the SME sector including both financial and non-financial factors. In addition, the jury board also commended VPBank for its efforts in applying digital technologies to bring more convenience to customers. In Việt Nam, VPBank is one of the leading banks in the SME segment, with more than 75,000 customers. The bank is a pioneer in providing financial … [Read more...] about VPBank named best bank for SMEs
BUSINESS NEWS IN BRIEF 10/10
VinaCapital officially ends investment in poultry firm Ba Huan Ba Huan JSC, the country's leading pasteurized eggs and poultry meat producer, has decreased its charter capital from VND280 billion (US$12 million) to VND222 billion (US$9.53 million), effectively ending the involvement of VinaCapital, one of the two largest asset management firms in Vietnam, with the company. This results in an increase in the stake holding of domestic shareholders from 66.2% to 83.6%, of which Ba Huan's Director Pham Thi Huan owns 64%. In Feburary, VinaCapital`s flagship fund Vietnam Opportunity Fund (VOF) invested US$32.5 million to acquire a significant minority stake in Ba Huan. However, in early July, Ba Huan sought Prime Minister Nguyen Xuan Phuc's intervention in terminating its partnership with VinaCapital. The firm said there were differences between the English and Vietnamese versions of the agreement and the terms were not what the two parties had agreed initially. Among … [Read more...] about BUSINESS NEWS IN BRIEF 10/10
SHB honoured as best bank for corporate social responsibility
The “Love sharing” and “Wings of faith” programmes sent 5 billion VND (215,000 USD) worth of gifts to children of disadvantaged families. (Photo: dantri.com.vn) Hanoi (VNA) – The Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) has been honoured by the financial publication Asiamoney as the best bank for corporate social responsibility in Vietnam. Asiamoney, a leading finance-banking magazine in the Asia, lauded SHB for its coherent strategy in shouldering responsibility for the community with various social security projects. Notably, the bank’s “Love sharing” and “Wings of faith” programmes sent 5 billion VND (215,000 USD) worth of gifts to children of disadvantaged families across the nation, along with invaluable leadership skills and lessons. In recent years, the bank has prioritised credit support to coffee farmers, who have made concerted efforts to transform Vietnam into the world’s second-largest coffee … [Read more...] about SHB honoured as best bank for corporate social responsibility
Developing new value for 30 years
Developing new value for 30 years, photo: shutterstock Mikio Masawaki-General director, Sapporo Vietnam Sapporo officially entered the Vietnamese market in 2011. At the beginning, we invested more than $50 million into building Long An Brewery to Japanese standards to ensure the quality of Sapporo products in Vietnam. Beside Japan, this is our first overseas brewery. Vietnam is one of the most interesting and dynamic beer markets in the world, with high potential growth supported by many beer lovers. With the mission, “Contribute to enriching Vietnamese cuisine,” Sapporo Vietnam offers consumers safe and high-quality beer products according to Japanese standards and also the best match to Vietnamese consumers’ taste. According to our Brand Health Research in 2018, our flagship brand – Sapporo Premium Beer – is trusted by nearly 100 per cent of target customers, and it is gradually becoming a unique brand in the premium beer segment. Sapporo Premium Beer … [Read more...] about Developing new value for 30 years