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Tag Archives: Vietnam

Vietnam suspends sales of 13 Coca-Cola products

Inspectors from the Ministry of Health have ordered major cities and provinces to supervise the suspension of the production and sales of 13 products of Coca-Cola Vietnam, including popular brands Minute Maid and Samurai. Last month, inspectors started to check Coca-Cola Vietnam branches in Ho Chi Minh City, Hanoi and Da ...

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New companies, shutdowns both rise at fast pace in Vietnam: data

A total of 36,626 companies in Vietnam were closed in the first six months, or around 203 shutdowns a day, according to new data released by the Ministry of Planning and Investment. Among them, 5,507 have completed procedures for dissolution, up 17 percent from the same period last year. The rest were temporarily ...

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Vietnam to unveil new stock index VNX Allshare

Vietnam is set to launch the third stock index this October to make it easier to track the performance of the country’s two bourses and give the market a major boost, local media have reported.  The VNX Allshare is composed of 388 stocks, or half of all the stocks currently listed ...

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Vietnam says Nghi Son refinery construction facing delays

The construction of Vietnam’s second oil refinery, the $ 7.5-billion Nghi Son plant, is falling behind schedule, the government said, extending the country’s reliance on imported products in 2017. Test runs of the 200,000-barrel-per-day refinery, scheduled for November 2016, would be delayed by around four months, according to state oil ...

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Vietnam demands $159 million tax on Big C deal: report

More than a month after France’s Casino Group completed the US$ 1.04 billion sale of supermarket chain Big C Vietnam to Thailand’s Central Group, the Vietnamese tax authority has reportedly grown impatient with the late tax payment on the record deal. In a recent letter to the companies, the General ...

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Taiwan’s Formosa delays plant opening in Vietnam: report

Formosa Plastics Group has decided to postpone the launch of its steel mill in Vietnam with no new opening schedule, Taipei Times reported Thursday. The newspaper quoted Formosa Ha Tinh Steel Corp’s Vice President Chang Fu-ning as saying that the No. 1 furnace of the steel complex, which is located ...

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Vietnam forex reserves hit record high of $38 billion

Vietnam’s foreign exchange reserves have risen 26.6 percent this year to around US$ 38 billion, the highest ever level, news website Saigon Times Online quoted the central bank governor as saying. The State Bank of Vietnam has bought nearly $ 8 billion this year, Le Minh Hung said. He expected ...

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