Long-term forecast positive for FMCG market Business

Long-term forecast positive for FMCG market

The fast moving consumer goods market will remain strong in the long term in the country’s four major cities of Hanoi, Da Nang, Ho Chi Minh City, and Can Tho and see an acceleration in rural areas, according to Kantar Worldpanel, a global data, insights and consulting company.
State capital divestment faces pressure Business

State capital divestment faces pressure

Capital divestment from State-owned enterprises (SOEs) had slowed and was still facing difficulties, said Dang Quyet Tien, Director of the Corporate Finance Department under the Ministry of Finance.
Anti-corruption committee looks to ramp up efforts in key cases Politics

Anti-corruption committee looks to ramp up efforts in key cases

The Standing Board of the Central Steering Committee on Anti-Corruption has urged authorised agencies to step up the fight against corruption and exert greater efforts to finalise the investigation, prosecution, and judgment of eight serious cases which have attracted public concern by the end of this year.
Unrestricted foreign ownership at Sabeco approved Business

Unrestricted foreign ownership at Sabeco approved

The Saigon Beer-Alcohol Beverage Corporation (Sabeco) early this week announced that it received an official letter from the State Securities Commission approving unrestricted foreign ownership at the largest beverage company in Vietnam.
Prime Minister receives ThaiBev Chairman in Bangkok Politics

Prime Minister receives ThaiBev Chairman in Bangkok

Prime Minister Nguyen Xuan Phuc lauded Thai Beverage Public Company Limited (ThaiBev) for doing business in Vietnam over the past years during a reception for its Chairman Charoen Sirivadhanabhakdi on June 16 in Bangkok, Thailand.
ThaiBev officially involves in Saigon Beer management Business

ThaiBev officially involves in Saigon Beer management

The Saigon Beer Alcohol Beverage Corporation (Sabeco) appointed a new management board at an extraordinary shareholders’ meeting on April 23, following Thai Beverage Public (ThaiBev)’s acquisition of a 53.59 percent stake in the State brewer last year.
State Audit asks Sabeco to pay 111 million USD Business

State Audit asks Sabeco to pay 111 million USD

The State Audit of Vietnam has requested the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) pay to the State budget nearly 2.5 trillion VND (110.9 million USD) worth of dividends, taken from the brewer’s undistributed profit for the period prior to 2016.
Shares drop on selling pressure Business

Shares drop on selling pressure

Vietnamese shares declined on January 1 as the market reversed quickly at the end of the trading session and especially during the ATC session, dragged down by blue chips in the banking and energy sectors.
Blue chips drag down VN-Index Business

Blue chips drag down VN-Index

Shares declined on the HCM Stock Exchange (HOSE) on January 29, dragged down by blue chips despite rising demand on the southern bourse.
Export – a bright spot of economic panorama Business

Export – a bright spot of economic panorama

Vietnam’s export-import exceeded 420 billion USD for the first time in 2017, of which export recorded the highest growth of 21.1 percent over the past seven years with 29 commodities joining the one billion USD club.