Trung Nguyen Legend Coffee opens representative office in RoK

Trung Nguyen Legend Corporation, part of the well-known Vietnamese coffee maker Trung Nguyen Group, officially opened its representative office in Gangnam district, the Republic of Korea (RoK)’s Seoul capital on March 28.
Trung Nguyen Legend Coffee opens representative office in RoK ảnh 1Trung Nguyen e-coffee store (Photo: Trung Nguyen Legend)

Seoul (VNA) – Trung Nguyen LegendCorporation, part of the well-known Vietnamese coffee maker Trung Nguyen Group,officially opened its representative office in Gangnam district, the Republicof Korea (RoK)’s Seoul capital on March 28.

Speakingat the event, Vietnamese Ambassador to the RoK Nguyen Vu Tung said the openingof Trung Nguyen Legend’s representative office in the RoK is evidence of the close friendship between the two nations.

HuynhVang Cam Tu, Deputy General Director of Trung Nguyen Group, said over the pastdecade, Trung Nguyen Legend has spread the Vietnamese coffee culture in the RoK.In 2019, Trung Nguyen Legend officially built a local workforce in thisimportant market, promoting business activities and brand promotion to affirmthe value of Buon Ma Thuot robusta coffee beans in premium G7 coffee productlines.

Accordingto her, the RoK is the second market that Trung Nguyen Group chose to open itsrepresentative office, behind China.

Accordingto Nielsen ratings in 2020, Trung Nguyen Legend's G7 was among the top 5 mostpopular and purchased coffee brands through online channels. G7 coffee productssuch as G7 3in1, G7 pure black, G7 Cappuccino have a strong presence in leadingcommercial systems in the RoK such as Coupang - the largest Korean onlineretailer - and the top shopping malls such as Lotte Mart, Homeplus, Emart and Hanaromartsupermarket chains.

In2021, Trung Nguyen launched the "Always Awake" campaign on top socialmedia platforms in the RoK like Instagram, Naver blog, Youtube, attractinghundreds of thousands of views, discussions, and positive feedback from usersabout their experiences with G7 coffee. Reputable Korean newspapers such asMunhwa Ilbo, News One, Korea Economics, Edaily have posted a variety of  articles about theimpressive growth rate of the G7 coffee products, while spreading the message on the awaking and life-changing energy of G7 coffee.

In its2021 report, the Korea Institute for International Economic Policy said the RoKis a promising coffee market with an average annual consumption of 2.3kg perperson. The RoK is also a coffee-savvy market that leads global trends incoffee consumption and appreciation./. 

VNA

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.