Markets

Thai and Indian Companies Interested in Vietnam

Apr. 20 – More and more small and medium-sized Thai and Indian businesses are looking for investment opportunities in Vietnam.

Why Vietnam?
There are many reasons why Vietnam is attractive for foreign investors. According to Tharabodee Serng-Adichaiwit, general manager of Bangkok Bank in Vietnam, in comparison to Thailand’s other bordering countries like Laos and Cambodia, Vietnam has a large market, skilled workers and a good investment environment while still maintaining lower production costs due to lower wages then in India or Thailand. Continue reading →

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Coal Export Prices to Rise

Mar. 22 – The export prices for coal dust products shipped to Asian nations, except for South Korea and Japan, have been raised by 22 percent, according to Vietnam National Coal and Mineral Industries Corporation.

The difference between domestic and for-export prices of Hon Gai/Cam Pha coal increased from 8.6 to 20.5 percent, respectively. Continue reading →

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New Changes to Wholesale Tobacco Licensing to Take Effect March 14

Feb. 17 – Vietnam’s Ministry of Industry and Trade (MIT) issued circular 02/0211/TT-BCT on January 3, changing licensing procedures for firms seeking to engage in the wholesale of tobacco products.

Under the new circular, which takes effect March 14, a wholesale license will be granted to traders who have met the following criteria: Continue reading →

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Vietnam Opens Its First Commodity Exchange

Jan. 14 – Licensed last year by the Ministry of Industry and Trade (MoIT), Vietnam’s first commodity exchange became operational on January 11 in Ho Chi Minh City.

The Vietnam Commodity Exchange (VNX), with a registered capital of US$7.5 million, is allowed to exchange all types of commodities under MoIT regulations. According to its general director Nguyen Duy Phuong, the VNX will initially trade coffee and rubber. Steel will become another commodity on the trading list in the second quarter of 2011. All three commodities are Vietnam’s major exports. Continue reading →

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Vietnamese Exports Surge

Dec. 10 – In a sign that the world’s markets have all but fully recovered, Vietnam’s exports are expected to hit US$70.8 billion for the year, which is an increase of 24 percent since 2009 and 16.5 percent higher than the government’s desired targets.

The Ministry of Industry and Trade reported that most sectors have experienced growth, especially industries involved in rubber, cashews, rice, chemicals, steel, and machinery. Continue reading →

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