- Need to protect Vietnamese trademarks abroad
The use of the seals, which is almost similar to Sabeco’s brand image of its Singaporean partner Sabeco Asia Pacific has partly showed the subjective of Sabeco in protecting its brand. Previously, various brands have been used and acquired by foreign partners. Ben Tre coconut candy is often referred to as the first case, and also the rare case that had a happy-ending in disputing overseas.
- Latex hits record high price
“This is the highest it’s ever been. It’s even higher than before the world recession,” general secretary of Viet Nam Rubber Association (VRA) Tran Thi Thuy Hoa said. “While demand on the production industry has increased significantly thanks to the recovery of the world economy, supplies from main rubber export countries such as Thailand, Malaysia, Indonesia and Viet Nam have remained low,” Hoa said, explaining that rubber yields had been seriously affected by bad weather conditions.
- ‘Branding', key to new-style tourism
Viet Nam would focus on building and developing a brand for tourism as a whole and for each region within the country. "Branding is important because it is a good way of telling people why they should visit a destination. And branding sells a promise, sells a dream," said chairman of the Malaysian Tourism Promotion Board Victor Wee.
- Price of building materials soars
Cement prices have increased 10 per cent while the prices of brick and sand have also risen by about 7-12 per cent since earlier in the year. Sand, used in mixing cement, has become harder to come buy during the year-end building season, with authorities cracking down on illegal sand dredging along many waterways.
- Breaknews
Petrol price to remain stable - Third coffee plant opens - Viet Tri centre for 500 traders - Investment certificates revoked - Advice on green development - MB inks deal with EVN - Intracom insures capital building.
- Prices for goods, services to rise
In its forecast on markets and prices in December, the Ministry of Finance’s Price Management Department said the production growth rate had exceeded that forecasted, but there were many difficulties in sourcing capital due to high interest rates, as well as the additional problem of electricity shortages.
- Do higher interest rates affect the stability of prices?
In recent times, the capital market has become “overheated” when interbank deposit and credit rates suddenly rose again following the recent price fever for gold and US dollars. Some commercial banks’ credit rates hit a record high of 19 percent per year, causing a number of difficulties for businesses when trying to access loans to expand production.
- Business plan for 2011: cooperate or die
In principle, floating interest rates is an effective solution to stabilize the exchange rate and inflation rates, while allowing banks to take initiative in lending and mobilizing capital. However, this has raised worries among businesses that the interest rates will escalate and make business unprofitable.
- Vietnam’s consumer confidence index increases in 2010
Vietnam consumers are more optimistic about economic growth and new jobs than other emerging and fast growing economies in Asia, according to results of the survey conducted by TNS Vietnam.
- MB inks comprehensive cooperation contract with EVN Hanoi
Accordingly, MB will set up comprehensive cooperation relationship with EVN Hanoi and its member companies in terms of credit, bank accounts, banking and finance services, financial consultancy services, insurance etc.