Business

  A view of the Đồng Văn III Industrial Zone in the northern province of Hà Nam. VNA/VNS Photo HÀ NỘI The People’s Committee of Hà Nam Province awarded a certificate of investment registration to the Đồng Văn III Industrial Zone on Wednesday. The 223-hectare project, located to the east side of …

In April businesses in Ho Chi Minh City reduced their office space and some even shut down branches to cut costs amid persisting difficulties. The signs are becoming increasingly clearer that tenants are moving out of office buildings altogether or renting smaller places like they used to during the peak …

Harvesting coffee in the Central Highlands province of Đắk Lắk. — VNA/VNS Photo ALGIERS — There is ample room for Vietnamese coffee in the Algerian market because importers and consumers in the African country favour the coffee’s quality and taste, said Vietnamese Trade Counsellor in Algeria Hoàng Đức Nhuận. Nhuận …

Vietnamese rice exporters are exporting high-grade rice with high prices to the EU, but facing a thin supply. At a recent meeting on rice exports in Ho Chi Minh City, Huynh Van Khoe, director of Lotus Rice, said his company annually exported thousands tons of high-grade rice to the EU …

Vu Dinh Do, chairman of transport infrastructure developer Tasco, was Friday named chairman of Vietnam’s biggest automobile distributor, Savico, in place of Mai Viet Ha. Before moving to Tasco, which indirectly owns a 54.07% stake in Savico, Do, 41, worked as an auditor for KPMG in Vietnam and Singapore, and …

Agricultural firm Hoang Anh Gia Lai produces “unique goods” but lacks efficient distribution, Doan Nguyen Duc, its chairman, told shareholders Friday. At the annual general meeting, many shareholders complained that they hardly saw the company’s pork in the market though it sold 300,000 banana-fed pigs last year. The company grows …

The Ho Chi Minh City economy has had many bright spots in April, especially in manufacturing and retail trade, its People’s Committee chairman Phan Van Mai has said. Speaking at a meeting to review the city’s socio-economic situation Friday, he said the index of industrial production rose by an estimated …

Saigon Beer Alcohol Beverage Corporation (Sabeco) made profits of VND10 billion ($426,300) a day in the first quarter, but that was its lowest in the latest six quarters. Its management said the market worsened after Lunar New Year as people refrained from drinking due to Decree 100, which severely penalizes …

Offering discounts and selling regional specialties are part of plans made by retail stores in HCMC to attract shoppers during the long holiday weekend. Vietnamese have a five-day holiday for the Hung King’s Death Commemoration Day on April 29, Reunification Day on April 30 and Labor Day on May 1 …

Jewelry giant Phu Nhuan Jewelry JSC has a profit target of VND1.9 trillion ($81 million) for this year, 7% higher than last year despite a bleak market forecast. Le Tri Thong, its general director, said the sales target is VND35.6 trillion, 5% up from last year. If the company achieves …