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Tag Archive for ‘Malaysia’

Vietnamese consumers more cautious in Q3 2012

Vietnam’s consumer confidence index dipped 8 points to 87 in this year’s third quarter with nine out of ten (91%) Vietnamese changing their spending habits to save more, shows a survey from Nielsen. Consumers’ cautious sentiment increases as 73% of Vietnamese stated this is not a good time to buy things they want and need, […]

Vietnam’s rice export likely to set record high this year

Vietnam may export 7.7 million tonnes of rice this year, setting a new record because of increased export orders in the last months of the year. Farmers happy with export prospects The Ministry of Agriculture and Rural Development (MARD) said that the country’s rice exporters are speeding up production for exports to meet over one million tonnes of rice by the end of the year, anticipating possible fluctuations in the world rice market. Race to the harvest The Vietnam Food Association (VFA) will be likely able to export 7.7 million tonnes of this in 2012, surpassing Thailand to become the biggest rice exporter…

Foreign retailers leave Vietnam, but still eyeing the market

VietNamNet Bridge – Wellcome has officially left Vietnam after paying back the retail premises to Dong Hung Company, the owner of Citimart chain. However, Vietnam remains a very attractive market to foreign retailers. Three Wellcome supermarkets were developed over the last five years in Vietnam, a very modest figure if compared with the hundreds Wellcome marts located in Hong Kong and Asian countries. The withdrawal of the retailer, in the eyes of analysts, showed that it cannot overcome the 5-year threshold to reach to the even breaking moment. The analysts have pointed out some problems of the retailer’s chain. The…

Boosting rice export at “golden moment,” Vietnam hopes to make record in 2012

VietNamNet Bridge – The predictions about the world’s quiet rice market in second half of 2012 did not come true. Consignments of rice exports have been continually leaving Vietnam’s ports for other countries in recent days. The Ministry of Agriculture and Rural Development (MARD) has sent a good message: Vietnam’s rice exports have been increasing rapidly over the last few years, raising the hope that Vietnam’s rice exports may reach the record high of 7.7 million tons in 2012. Analysts have also commented that it is now the “golden time” for Vietnam to boost exports, when the world’s demand increases rapidly. Rice export…

Vietnam to be among top three rubber exporters

(VOV) – Vietnam expects to produce 955,000 tonnes of natural rubber by the end of this year, to surpass Malaysia to rank third among the world’s largest rubber exporters. * Rubber strategy gets approval * Rubber exports earn nearly US$2 billion The set target represents a year-on-year increase of 17.6 percent, according to the Association […]

HCM City to host tyre, rubber conference

HCM CITY (VNS)— The first international rubber and tyre industry exhibition to be held in HCM City next April will provide a forum for domestic and foreign firms to compare notes and explore business opportunities. Products to be displayed at Rubber and Tyre Vietnam 2013 will include the latest equipment and technologies used in the industry, various kinds of tubes and tyres, and products and services related to the rubber, rubber materials, rubber chemicals, and testing-equipment industries. Conferences and seminars would be held to discuss the future development of the industry, Nguyen Ba Vinh…

Soco Rises to 14-Month High After Pertamina Bid for Coastal

Soco International Plc (SIA), a U.K. explorer with assets in Vietnam, rose to a 14-month high in London trading after Indonesia’s state-owned oil company offered to buy Coastal Energy Co. (CEN) PT Pertamina said it submitted a takeover proposal to major shareholders of Coastal, which has assets in Thailand and Malaysia. Soco rose as much as 4.1 percent to 375 pence, the highest level since September last year, and traded at 365.10 pence as of 1:40 p.m. local time. State-oil companies in Asia are seeking expansion opportunities to meet their growing domestic energy needs. Soco, whose largest production project is…

Analysis – Foreign insurers enter Myanmar market with hope, caution

(Reuters) – The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation’s political past. Prudential Plc ( PRU.L ), AIA Group Ltd ( 1299.HK ) and Manulife Financial Corp ( MFC.TO ) are among the global insurance giants preparing to enter Myanmar as the government rolls out a framework for the sector’s development with the lifting of European and U.S. sanctions. The opportunities are many. A large population, economic reforms and a natural…

Hedging China risks, Japan firms turn to booming Southeast Asia

PHNOM PENH – Hiroshi Uematsu had a tough start in Cambodia, where he heads an economic zone that aims to attract business from his native Japan. He arrived just before the global financial crisis sent the Asian economic minnow’s exports into a tailspin and dried up investment interest. Now, though, business is looking up. About a third of the lots on the 365-hectare (900-acre) site on the outskirts of the capital Phnom Penh remain vacant and overgrown…

Vietnam vows to liberate 1000 trillion dong buried under real estate projects

VietNamNet Bridge – About 1000 trillion dong sourced from people’s investment, overseas remittance and foreign direct investment has become the dead money due to the real estate unsalability. How big is the dead capital? After the period with “hot development,” the real estate market is believed to be the “culprit” causing the deadlock to the national economy. The freezing real estate market has made the goods circulation get stuck, thus paralyzing the big resources in the society. Experts said the real estate prices have increased by 10 times over the last 10 years, which explains why the cash has been flowing into…