The Hong Kong and Shanghai Banking Corporation (HSBC) on September 5 released its report on Vietnam ’s macro economy, expressing its optimism about the country’s economic prospect.“ With patience and strong reform momentum, when the dust settles, Vietnam should find its self in a trimmer shape and more ready compete when the global economy recovers,” it said. see more
Nestle, the world’s largest food company, plans to increase its direct purchases of coffee from Vietnamese farmers by fivefold in the next five years..Accordingly, Nestle Vietnam Ltd may buy about 60,000 tonnes of coffee from Vietnamese farmers each year, compared with 12,000-14,000 tonnes this year. see more
Vietnam ranks the ninth among investment destinations in the Asia – Pacific region targeted by companies in the next 3-5 years, according to a survey of PricewaterhouseCoopers (PwC) announced on Wednesday.The APEC CEO Survey 2012 was carried out by PwC International Survey Unit between June and August 2012, polling 376 chief executive officers (CEOs) and industry leaders in 40 economies, including all 21 APEC economies. see more
Viet Nam has plunged 10 places from last year to be ranked 75th out of 144 economies in the Global Competitiveness Index (GCI) 2012-13, according to a report released by the World Economic Forum yesterday. Over the last two years, Viet Nam lost 16 places and is now the second-lowest ranked among eight members of the Association of Southeast Asian Nations (ASEAN) that the report covered. see more
The National Assembly last June passed the new Law on Advertising, which replaces the 2001 Ordinance on Advertising. Under the new law, the following categories of goods and services are barred from advertising: (i) tobacco; (ii) alcoholic beverages of 15 proof or more; (iii) milk products replacing mother's milk for children under 24 months old, as well as dietary supplements for children under six months old, feeding bottles and artificial nipples; (iv) prescription medicines; (v) products claiming aphrodisiac properties, (vi) guns and ammunition for hunting or sports, as well as products and goods stimulating violence, and (vii) other goods and services prohibited from advertising as regulated by the Government. see more
