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Sale promotions commemorate the World cup 2014

A global event like the World Cup is a great opportunity for companies to advertise their brands and stimulate demand through promotions. With the football World Cup around the corner, retailers, electronics stores, and supermarkets have kicked off a slew of promotions. In Ho Chi Minh City it is hard …

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Vietnam, Netherlands bolster plant quarantine cooperation

Vietnam and the Netherlands signed a memorandum of understanding (MoU) on plant quarantine at the Vietnam-Netherlands cooperation forum on fruit and vegetables, held in Hanoi on June 16. Signatories to the MoU were Vietnam’s Minister of Agriculture and Rural Development Cao Duc Phat and Dutch Minister for Agriculture, Sharon Dijksma. …

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Vietnamese products seek market niche in Europe

A week of Vietnamese products will be held at Metro supermarket chain in Berlin, Germany in late June and at Casino Group’s Big C supermarket chain in France in September. Dang Hoang Hai, head of the European Market Department says the week is part of a Government initiative, aiming to …

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Vietnam helps Laos develop financial sector

Vietnam will do its best to help Laos develop its financial, monetary and customs sectors, Deputy Prime Minister Vu Van Ninh has said. At his Hanoi reception for visiting Lao Finance Minister Liane Thykeo on May 15, Deputy PM Ninh confirmed the dispatch of financial and economic experts to Laos …

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Real estate market to greet new investments

After consecutive years of losses, several real estate firms in HCM City started to show more optimism in the market as the number of transaction is picking up. Savills Vietnam reported that, in the first quarter of 2014, 1,600 apartments were sold, the highest number in the last three years. …

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KfW may up Vietnam development fund

KfW, the German Development Bank, has targeted a loan commitment of EUR500 million (US$692 million) per year for development projects in Vietnam, up from EUR200-300 million per year over the last two years. “It has not been done yet, but our target depends on the criteria to be met by …

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A golden chance for market stimulation

A large number of retailers in Vietnam have launched promotional offers to stimulate consumer demand in the lead up to the five-day long holiday, starting April 30. Supermarkets in Hanoi and Ho Chi Minh City have stockpiled goods for this long holiday since the start of April. Saigon Co.op Mart …

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Trade surplus hits over US$1.08 billion in Q1

According to Vietnam Customs statistics, Vietnam’s trade turnover in the first quarter of 2014 was estimated at US$65.99 billion, up 13.8% compared to last year’s figures. The trade value in the second half of March reached US$13.15 billion, or 12.8% higher than the first half. Foreign direct investment (FDI) businesses earned …

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Tough times ahead for business

Local and foreign experts and economists have warned that enterprises in Vietnam might face troubled times ahead due to weak consumer demand. The warning came after the General Statistics Office (GSO) has projected a consumer price index (CPI) decline of 0.44% in March versus the previous month. The experts stressed …

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