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Image : Vietnam to adopt int'l financial reporting standards by 2025

Vietnam to adopt int'l financial reporting standards by 2025

person Orange Themes access_time Dec 26,2016

Financial statements prepared under the new standards will give investors better insight into how companies perform.

Image : Airbus ups plane deliveries in 2016 but new orders drop

Airbus ups plane deliveries in 2016 but new orders drop

person Orange Themes access_time Jan 11,2017

Yahoo News PARIS (AP) — Airbus delivered a record number of planes last year despite engine and cabin production problems, even as new orders slumped for both the European manufacturer and its U.S. rival Boeing.

Image : Mekong Capital plans four deals by mid-2017

Mekong Capital plans four deals by mid-2017

person Orange Themes access_time Mar 07,2017

Vietnamnet - Mekong Capital plans to invest in four new companies in the first half of 2017, with each investment valuing at US$8-15 million, the firm has announced.

Latest blog articles

Vietnam coffee sales may slow ahead; April shipments jump

access_time May 07,2016 chat_bubble_outline 126 views
Vietnam's coffee exports may slow after rising in April as traders hold back to assess the impact of the current drought on the crop and exporters curb sales in anticipation of further price gains, traders said on Tuesday. The ICE robusta July contract surged to an intraday high of $1,602 a ton on April 21, the highest since Dec. 10, 2015, after a Vietnamese industry official forecast the country's 2016 exports will fall to 1 million tons, the lowest in a decade. But holders of Vietnamese beans later in the session sold futures to lock in prices, pushing the contract to end lower, said independent analyst Nguyen Quang Binh. Vietnam is the world's top robusta producer. "Sales are slowing toward the end of April as the market monitors production of the next crop, while stocks are being held back on fears of lower output," a private trader in Ho Chi Minh City said, noting that robusta exports were stronger this month. Vietnam shipped 101,600 tons of coffee between April 1-15, a surge of 79 percent from the same period last year, Vietnam Customs data show. So far this year, the country has exported 579,000 tons (9.65 million 60-kg bags) of coffee, up 36 percent from a year ago, the data showed. On Tuesday, robusta prices edged up to 34,200 dong to 34,400 dong ($1.53 to $1.54) per kg in Daklak, Vietnam's biggest growing province, from 33,800 dong to 34,000 dong a week ago. The Vietnamese prices closely track the London futures market, where the July contract ended up 0.9 percent at $1,571 a ton on Monday on lower yields at the start of Brazil's harvest. Vietnamese robusta grade 2, 5 percent black and broken beans, were quoted at premiums of $40-$60 a ton to the July contract, similar to last week's range of premiums of $45-$60 a ton. Vietnam's coffee exports this year should be above the 1 million tons that the Vietnam Coffee and Cocoa Association forecast last week, traders said, citing shipments so far in 2016. "It's just four months now and the total volume already rose beyond 500,000 tons, so it is impossible that it will export 60,000 tons a month for the rest of the year," another trader at a foreign firm in Ho Chi Minh City said. Last year the country's monthly export volume averaged 112,000 tons, down from 141,000 tons in 2014, based on government data. Read on the original site
VN garment sector faces rough 2017

The textile and garment sector will continue facing challenges in 2017 due to fierce competition by other major exporters - including China, India, Bangladesh and Pakistan–while global demand is forecasted to slow down. A garment and textile production line of Vinh Oanh Company in the northern Nam Dinh Province.  Le Tien Truong, General Director of the National Garment and Textile Group (Vinatex), said textile and garment exports to the US and the EU will also be under negative impacts as… chat_bubble_outline Read More...

Turkey needs support of Western organizations in war against terror: deputy PM

LONDON (Reuters) - Turkey faces terrorist threats from three different organizations and needs Western support to deal with these, Turkish deputy prime minister Numan Kurtulmus said on Friday.Speaking in London at Chatham House, Kurtulmus called Turkey an "island of stability" in a turbulent region but faced threats from Islamic State, the PKK Kurdish militant group and by followers of exiled cleric Fethullah Gulen who is accused by Ankara of masterminding a failed coup on July 15."We are at… chat_bubble_outline Read More...

Lunch cruise on Switzerland's Lake Lucerne _ even in winter

[/i]This June 15, 2016, photo provided by Albert Stumm shows the Unterwalden ferry on Lake Lucerne, Switzerland, with a rainbow visible against the mountains surrounding the water. The lake rarely freezes over, allowing cruises to run throughout the year. Two-hour lunch cruises are offered but locals also commute by ferry. (Albert Stumm via AP)LUCERNE, Switzerland (AP) — Lake Lucerne winds through the Alps with a series of bends, S-curving around towering mountains like slalom skiers carving… chat_bubble_outline Read More...

Russian plan for 8-hour halt in Aleppo attacks too little, too late: U.S.

WASHINGTON (Reuters) - A Russian plan to halt Russian and Syrian attacks on Aleppo for eight hours on Thursday to allow civilians and rebels to leave the Syrian city is too little, too late, the U.S. State Department said on Monday.If the plan leads to "an eight-hour pause in the unremitting suffering of the people of Aleppo, that would be a good thing, but frankly it's a bit too little, too late," State Department spokesman Mark Toner told a daily briefing when asked about the plan announced… chat_bubble_outline Read More...

Mexicans march to protest rise in gasoline prices

Mexico City (AFP) - Hundreds of irate Mexicans marched in Mexico City to protest a steep rise in gasoline prices.They carried signs denouncing President Enrique Pena Nieto, whose government announced last week that the price of gasoline would increase by as much as 20 percent to 0.88 dollars per liter on New Year's Day, while diesel would rise by 16.5 percent to 0.83 dollars.Pena Nieto has promised that fuel prices will eventually fall thanks to a landmark 2014 energy reform he instituted,… chat_bubble_outline Read More...

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