Vietnamese firms join world’s largest food, beverage fair in UAE Vietnam pavilion at Gulfood 2018 (Source: laodong.vn) Twenty Vietnamese enterprises will showcase their products at the 24th edition of Gulfood – the world’s largest annual food & beverage trade exhibition – in Dubai, the United Arab Emirates, from February 17-21. The firms include the Vietnam Dairy Products Joint Stock Company (Vinamilk), the Hanoi Trade Joint Stock Corporation (Hapro), the Nafoods Group and the Vietnam Hanfimex Corporation. The Agricultural Trade Promotion Centre under the Ministry of Agriculture and Rural Development will organise the Vietnam pavilion at Gulfood. The event is expected to help Vietnamese enterprises find consumers, sign export contracts and expand their market share in the Middle East, Africa and Southwest Asia. They can also introduce Vietnamese agricultural products, food and beverages and promote Vietnamese brands to foreign visitors, according to the … [Read more...] about BUSINESS NEWS IN BRIEF 14/2
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Vietnam can become the next digital powerhouse
Vietnam is already in the top 20 nations with most Internet users At a recent workshop in Hanoi on unlocking the full potential of Vietnam’s digital economy, Quint Simon, head of public policy in Southeast Asia for Amazon Web Services (AWS), surprised hundreds of business leaders and experts by revealing that Vietnam is one of the top nations in the world for raising spending in cloud computing, at 64 per cent per year. AWS, a subsidiary of Amazon, provides on-demand cloud computing platforms to individuals, companies, and governments. “I believe that Vietnam will soon become a nation with a digital economy. Cloud computing is a favourite in Vietnam where many enterprises are using it for their operations,” Simon said, explaining that this method means companies can completely protect information without fear of it being stolen. “For example, Amanotes, a fast-growing app publisher, currently has hundreds of millions of users. This is typical of … [Read more...] about Vietnam can become the next digital powerhouse
BUSINESS NEWS IN BRIEF 15/8
Over VND96 trillion of G-bonds mobilised The State Treasury of Viet Nam has raised a total of VND96.251 trillion (US$4.13 billion) via auctions of Government bonds at the Ha Noi Stock Exchange (HNX) since the beginning of the year. At an auction this week, the State Treasury mobilised VND3.95 trillion from five-year and seven-year bonds worth VND500 billion each and 10-year bonds and 15-year bonds worth VND2 trillion each. The interest rate of bonds increased slightly. Bonds with 10-year maturity raised VND1.55 trillion with an annual interest rate of 4.53 per cent, up 0.03 percentage points from the previous auction on August 1. A sub-session auction of 10-year bonds drew VND600 billion with the yearly interest rate of 4.53 percent. Those with a 15-year term attracted VND1.2 trillion with an annual interest rate of 4.81 per cent, up 0.03 percentage points in comparison with the rate of the previous auction on July 25, 2018. As much as VND600 million was mobilised … [Read more...] about BUSINESS NEWS IN BRIEF 15/8
FIFA eyes big crowds, bigger profits at 2026 World Cup
The Azteca Stadium in Mexico City is at the heart of the North American bid. (Photo: AFP/PEDRO PARDO) FIFA had already decided to expand the 2026 tournament to 48 teams and by backing the joint bid it has also committed to holding the first tournament hosted by three countries. Here is an overview of the bid: STADIUM FACILITIES Arguably the greatest strength of the North American bid is the vast array of already-built stadiums available to organisers, ranging from iconic World Cup venues such as Mexico City's Azteca Stadium to state-of-the-art large-capacity arenas. A total of 23 venues - three in Mexico, three in Canada, 17 in the United States - have made the final shortlist that will be considered for the tournament. The average stadium capacity for the tournament is 55,000, with the largest being the AT&T Stadium in Arlington, Texas, best known as the home of the Dallas Cowboys NFL team. The stadium, which has a retractable roof, has a capacity of 92,467. The smallest is the … [Read more...] about FIFA eyes big crowds, bigger profits at 2026 World Cup
VN market boost ahead of earnings reports
Second-quarter and half-year earnings reports, as well as annual shareholder meetings, may be driving factors for a recovery of Vietnamese shares in June, starting this week.-VNA/VNS Photo After tumbling in the first trading session last Monday, the VN Index recovered strongly in three of the following four sessions to post a weekly growth of 3 per cent, marking its first gaining week after two weeks of losses. Last Friday, the minor HNX Index on the Ha Noi Stock Exchange advanced 0.73 per cent to end last week at 115.75 points, up 3.62 per cent after two sessions. The northern market index rose 1.1 per cent from the previous week’s ending level. An average of more than 238.2 million shares were traded in each session last week, worth VND6.3 trillion (US$280 million), up 22.7 per cent in volume and 20.5 per cent in value, compared to the previous trading week. Last week’s recovery of local stocks was attributed to strong growth of financial-banking industries, which … [Read more...] about VN market boost ahead of earnings reports