Tag Archive for ‘Coffee’

Standing witness to Vietnam’s rise

On the occasion of Vietnam’s National Day on September 2, VIR gets an insight into foreign CEOs’ thoughts and feeling about the country’s vitality and development, and why Vietnam has become their home away from home. Ronan Le Bihan  CEO at Mango Bay Resort, Phu Quoc In 2002, I was offered a position for the […]

M&A: Which Are Big Fish And Little Fish In Vietnam?

In recent years, the slang term “big fish eats little fish” is commonly used among the Vietnamese business community and media. The big fish mostly referred to are foreign companies while the little fish denotes a domestic enterprise. However, that is not everything. In that seemingly unequal battle for market share, there are still Vietnamese […]

Forum talks up CLV development triangle

A Dak Lak province business forum late last week discussed measures to further promote investment in the Cambodia-Laos-Vietnam Development Triangle. About 300 delegates and guests from the three countries attended the forum, organized by the Vietnam’s Ministry of Planning and Investment (MPI), in partnership with Vietnam’s Association of Foreign-Invested Enterprises (VAFIE) and the Vietnam-Laos-Cambodia Association for Economic Cooperation Development. Dang Xuan Quang, deputy head of the Foreign Investment Agency, said the Vietnamese government was encouraging Vietnamese companies to invest in the development triangle. Many Vietnamese enterprises have gained encouraging successes in doing business in Cambodia and…

Vietnam’s Coffee King Takes Aim at Starbucks

Vietnam is the world’s second-biggest coffee exporter, a fact that probably comes as a surprise to most westerners. And now a local entrepreneur is hoping to…

Vietnam Franchise Market Warms Up, To Boom In Near Future

Newly emerging and potential–Vietnam has become a lucrative market for foreign franchisors. However, the high retail premises rents would challenge them. Foreign food groups have been flocking to Vietnam to seek business opportunities through franchising contracts. The US fast food Burger King has set up its first shop on Pham Hong Thai Street in district […]

Room to expand Vietnam’s economic ties with Macedonia

HA NOI (VNS)— President Truong Tan Sang called on Viet Nam and Macedonia to expand commercial and economic co-operation while receiving Nokola Poposki, Macedonia’s Foreign Minister yesterday. During the meeting, Sang said both countries could work closer together in these areas to reach their fullest potentials. The two countries signed an economic and commercial co-operation agreement in 2005, however, bilateral economic and trade exchanges remain low at between US$1-2 million per year. Sang also called on Macedonia’s support for Viet Nam’s candidacy for various United Nations’ offices. Poposki said both sides are…

ASIAD 2019 greeted with financial fear

While some citizens were celebrating the news that Vietnam had won the bid to host the 18th Asian Games in 2019, or ASIAD 2019, others are concerned that the nation would be left with huge debt. Vietnam needs around VND3.1 trillion, or US$150 million, to organize the event which will be mainly based in Hanoi. […]

Trung Nguyen to take over 400 ha of coffee

Vietnam National Coffee Corporation (Vinacafe) will transfer Eatul Coffee Co. to the Central Highlands province of Dak Lak and then to Trung Nguyen Coffee Corporation with a coffee farming area of some 400 hectares. The transfer of this coffee acreage aims to pilot the agro-industrial model of coffee farming in Eatul Commune, Cu M’Gar District. […]

Overseas Vietnamese can boost Vietnam’s export sales

HA NOI (VNS) – There are currently some 2.7 million Viet Kieu (overseas Vietnamese) living in 90 countries and territories across the world. They present an extremely valuable market for products made in Viet Nam, with estimated annual spending on these items totalling about US$100 million. Meanwhile, the value of products bought in Viet Nam during their visits to the country adds up to tens of millions of US dollars. According to Do Thang Hai, director of the Ministry of Industry and Trade’s (MOIT) Trade Promotion Department, these figures are still very small compared to the…

Vietnam State Firms’ Debts Dampen Economic Efficiency

Workers at an instant coffee factory belonging to the Trung Nguyen Coffee Group in the northern province of Bac Giang Eliminating the massive burden of public sector debts and improving the business environment are urgent tasks if the government wants to improve the efficiency of the economy, Trinh Nguyen, an economist with the Hongkong and Shanghai Banking Corporation Limited (HSBC) tells Vietweek . Vietweek: HSBC forecasts Vietnam’s growth to slow to 5 percent this year and 5.3 percent next year. How does this compare with other countries? Trinh Nguyen: The slowdown reflects both weak external and domestic demand. The eurozone is expected to…