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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.

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Vietnam coffee exports could drop 25 pct in 2016

access_time May 07,2016 chat_bubble_outline 154 views
Vietnam coffee exports could drop 25 pct in 2016
Vietnam's coffee exports could fall 25 percent in 2016 to their lowest in a decade at 1 million tons (16.67 million 60-kg bags), hit by drought, lower yields from old trees and increased output from domestic roasters, a senior industry official said. Tighter supply from Vietnam, the world's largest producer of robusta beans, coupled with concerns over lower output in Brazil and Colombia, could boost global coffee prices. ICE July robustas settled up $13, or 0.8 percent, at $1,578 per ton on Wednesday. The contract has gained around 3 percent so far this year. "Coffee processing in the country serving a higher number of coffee shops, plus more newly registered roasting businesses, will bring down the country's coffee bean exports," said Luong Van Tu, chairman of the Vietnam Coffee and Cocoa Association. He added that local consumption now accounted for 10 percent of Vietnam's output, up from 5 percent in 2006, when the Southeast Asian nation exported 981,000 tons of coffee. Apart from domestic roasters, foreign firms including Nestle have established processing facilities in Vietnam. Nestle alone buys up to a quarter of Vietnam's coffee. Farmers in the Central Highlands coffee belt have been hit by the widening impact of the worst drought in three decades brought on by the El Nino weather pattern. The October 2016/September 2017 coffee crop could drop 30 percent if the drought intensifies in the Central Highlands during April, Tu told Reuters. The region produces 80 percent of the country's coffee. Output from the key growing province of Daklak is expected to drop 30 percent. Tu said lower yields from old trees, which account for 35 percent of Vietnam's 650,000 hectares of coffee, will contribute to the decline in output. Dryness brought on by El Nino could also cut supply from Colombia in the second half of 2016, the International Coffee Organization said in its March report. "Drought is also affecting supply expectations in Vietnam and (the state of) Espirito Santo in Brazil, which could lend support to robusta prices in the near future," the report said. But BMI Research, a Fitch Group company, has forecast higher 2016/2017 output in Vietnam, Brazil, Colombia, Ethiopia and Mexico despite concerns over El Nino. Read on the original site
'Gladbach finally ends its winless run in the Bundesliga

BERLIN (AP) — Struggling Borussia Moenchengladbach ended its eight-game winless run in the Bundesliga with a labored 1-0 win over visiting Mainz on Sunday.Danish defender Andreas Christensen's late goal was enough for 'Gladbach's first win since the 2-0 victory over Ingolstadt on Sept. 24, though the side was fortunate not to concede an equalizer when Pablo de Blasis' 89th-minute strike was ruled out."Altogether the win was a little lucky, though not undeserved. It wasn't a good game, but a… chat_bubble_outline Read More...

Malaysia PM Najib defeats former mentor Mahathir's challenge in twin by-elections

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Republican Aaron Schock fined for excessively soliciting super PAC funds

Politicians, be warned: it’s still against the law for you to solicit big checks from donors for super PACs.Just ask Aaron Schock — the one-time Republican rising star who resigned from Congress last year after his “Downton Abbey”-themed office makeover led to a barrage of questions about whether he was misusing public money.New documents show that Schock recently agreed to pay a $10,000 fine for making an excessive solicitation for a super PAC that was active in his home state of Illinois four… chat_bubble_outline Read More...

Vietnam attends Eastern Economic Forum in Russia

The Vietnamese delegation groups representatives from the ministries of Foreign Affairs, Industry and Trade, Public Health, and Education and Training and the Vietnamese Consulate General in Vladivostok. Initiated by Russian President Vladimir Putin, the two-day event aims to foster economic development in the Far East and expand international co-operation in Asia-Pacific. In his opening speech, special envoy of the Russian President in the Far East and Deputy PM Yuri Trutnev said the Far East… chat_bubble_outline Read More...

China says aircraft carrier testing weapons in South China Sea drills

{PAGEBREAK} China's Liaoning aircraft carrier with accompanying fleet conducts a drill in an area of South China Sea, in this undated photo taken December, 2016. Photo by Reuters/Stringer A group of Chinese warships led by its sole aircraft carrier is testing weapons and equipment in exercises this week in the South China Sea, which Vietnam calls the East Sea, that are going to plan, China's foreign ministry said Wednesday. Exercises by the ships, in particular the aircraft carrier Liaoning,… chat_bubble_outline Read More...

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