Articles worth reading
Image : Berlin bombing suspect radicalized by imams in Germany, brother says

Berlin bombing suspect radicalized by imams in Germany, brother says

person Orange Themes access_time Oct 15,2016

By Joseph Nasr BERLIN (Reuters) - Berlin bomb suspect Jaber Albakr showed signs of radicalization in Germany, posting jihadi videos online before traveling to the Islamist-controled Syrian city of Idlib earlier this year, his brother told Reuters.

Image : UN chief 'deeply' regrets veto of Palestinian ex-PM as envoy

UN chief 'deeply' regrets veto of Palestinian ex-PM as envoy

person Orange Themes access_time Feb 13,2017

Yahoo News UN chief Antonio Guterres on Monday said he "deeply" regretted opposition to former Palestinian prime minister Salam Fayyad as the organisation's peace envoy to Libya, days after Washington vetoed the appointment. "I deeply regret this

Image : Ba Ria Vung Tau plans $1.35bn logistics center

Ba Ria Vung Tau plans $1.35bn logistics center

person Orange Themes access_time Nov 24,2016

The evaluation council of the Cai Mep Downstream Logistics Center has selected a project from Japan’s Nippon Koei Company Limited, a consultant joint venture company, for the project’s construction in southern Ba Ria-Vung Tau province.

Latest blog articles

Dumex to leave Vietnam due to low sales

access_time Sep 08,2016 chat_bubble_outline 117 views

French nutritional food producer Danone, which sells the children’s formula Dumex in Vietnam, is to leave the country due to low sales.  


Dumex to leave Vietnam due to low sales


In response to questions from VET, Mr. Martin Hoelscher, CEO of Danone Vietnam, said the market share held by Dumex in Vietnam is not enough for the company to continue its investments here.

“We therefore decided to gradually withdraw from Vietnam,” he toldVET. “Danone’s activities in Vietnam will continue as normal for the next few months. Dumex will be available until early next year.”

Danone has already sold Dumex China due to a significant fall in market share following a food safety scare that later proved to be a false alarm. The sale of Dumex China to the Yashili International Group Ltd. was finalized on May 31 for €150 million ($159 million).

Danone was one of the first formula milk producers to arrive in Vietnam, in the mid-90s. Its key markets are China, Thailand and Malaysia.

Dumex to leave Vietnam due to low sales

Besides Dumex, popular formula for children under six years of age in Vietnam include Pediasure and Similac from the US company Abbott, Enfagrow from US’s Mead Johnson Nutrition, Friso from the Netherlands’ Friesland Campina, Aptamil, also from Danone, and Meiji from the Japanese company Meiji.

Dumex and other formulas for children face many difficulties as the State is encouraging mothers to breastfeed and issued provisions prohibiting the advertising of milk for children under two years of age early last year. The provisions are said to have had an impact on raising awareness.

The application of price ceilings on formula for children under six years of age have also been problematic for formula producers. In May this year, Minister of Finance Dinh Tien Dung said he expected to float the price of milk products for children under six years of age by the beginning of next year after the price ceilings are eliminated.

Management agencies have been established to ensure the market remains stable. In the future, producers can maintain stability through the use of improved management and economics measures, he added.

He said previously that by the end of this year the decision to put in place price ceilings for milk products for children under six years old would expire.

Economists agree that the use of price ceilings for some products relating to health and nutrition for children should not be maintained over a long period. Mr. Cao Si Kiem, Chairman of the Vietnam Association of Small and Medium-sized Enterprises, believed price ceilings should be removed when the market has abundant supply.

The price ceilings were put in place in May 2014 under Decision No. 1079 from the Ministry of Finance. At the end of the second quarter of 2015 the ministry issued Decision No. 758 extending the price ceiling to the end of this year.

VN Economic Times

Vietnam’s securities to attract foreign funds

Vietnam’s securities will attract capital flow from international financiers once its stock market is upgraded from frontier to emerging, experts say. The participants at a recent workshop on 20 years of development of the stock market in HCM City all said that Vietnam’s stock market has been growing beyond their expectations. About 700 companies have listed their shares on the official bourse and 320 companies have shares traded on UpCom.  By November 15, the total market capitalization… chat_bubble_outline Read More...

Key House chairman: GOP will change Medicare, to 'save' it

WASHINGTON (AP) — The chairman of a key House committee pledged Thursday that congressional Republicans will change Medicare in order to save it.GOP Rep. Kevin Brady of Texas, head of the Ways and Means Committee, insisted Republicans won't be deterred by the politics, even though Donald Trump won election as president on promises to protect the popular health care program for older Americans, and Democrats are already warning of a "war on seniors.""Democrat tactics of 'Mediscare' have been… chat_bubble_outline Read More...

IMF forecasts growth of 6.5% for Vietnam in 2017

Vietnam’s GDP growth in 2017 has been projected at 6.5 per cent and CPI 4.9 per cent in the IMF’s World Economic Outlook (WEO) released on April 19. Economic activity is forecast to accelerate slightly this year in four of the ASEAN-5 economies: Indonesia, Malaysia, Philippines, and Vietnam. The fifth, Thailand, is projected to recover from a temporary dip in tourism and consumption in late 2016. Growth in 2017 is projected to be 5.1 per cent in Indonesia, 4.5 per cent in Malaysia, and 6.8 per… chat_bubble_outline Read More...

Embraer will pay $205 million to settle SEC bribery probe

WASHINGTON (AP) — Brazilian airplane manufacturer Embraer SA will pay up to $205 million to end an investigation into bribes paid to foreign officials to help sell planes.The Securities and Exchange Commission said Monday that Embraer created false records to hide some of the payments as sales commissions. Senior company executives approved the payments despite signs that the money would likely go to foreign officials, the SEC said.The SEC complaint said that Embraer made more than $83 million… chat_bubble_outline Read More...

Fourcade, Koukalova win mass start biathlon races in WCup

NOVE MESTO, Czech Republic (AP) — Martin Fourcade's domination of the men's biathlon World Cup continued Sunday with the defending champion and overall leader's victory in the 15-kilometer mass start.In the women's 12.5K mass start, defending champion Gabriela Koukalova of the Czech Republic won in front of 30,000 home fans for her second victory of the season.Dropping to 14th after missing one target at the second shooting range, Fourcade didn't waste time in overcoming one penalty lap. The… chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin