January 25, 2012
Consumer demand for holiday goods and transportation will grow 10 percent from last year, according to a government forecast that urged authorities to monitor and stabilize prices. Asia’s fastest inflation is the last thing on Tran Hang’s mind as she jostles fellow shoppers at a street stall in Hanoi’s Old Quarter to snap up [...]
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October 13, 2011
Vietnamese inflation may jump and the priority is to curb it, the Communist Party said as Asia’s fastest consumer-price growth adds pressure on the dong. Inflation is “at risk of surging,” Communist Party General Secretary Nguyen Phu Trong said in the text of a speech posted on the government’s website Monday. Vietnam will prioritize [...]
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September 16, 2011
Ho Chi Minh City Securities Corp., Vietnam’s second-biggest brokerage by market share, expects its advisory business to grow as much as two-thirds as overseas and local companies tap into the nation’s rising consumer spending. The securities firm, also known as HSC, typically has 30 to 35 advisory deals ongoing per year, Chief Executive Officer [...]
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September 10, 2011
Vinacafe Bien Hoa Joint-Stock Co., a unit of Vietnam’s second-biggest coffee exporter, said it received a VND1.07 trillion (US$51 million) takeover bid from Masan Group Corp. as it targets increased consumer spending. Masan Consumer Corp., a subsidiary of Masan Group and partly owned by KKR & Co., plans to buy 13.32 million Vinacafe shares [...]
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September 3, 2011
Inflation is cutting into sales volumes in Vietnam and has hurt consumer confidence, said Darin Williams, the managing director of Nielsen Co. (Vietnam) Ltd., speaking at a meeting in Ho Chi Minh City. Vietnam’s inflation rate reached 23.02 percent in August, the fastest in 33 months and the 12th straight increase in the figure. [...]
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July 25, 2011
Food, transport and construction-material prices have stoked consumer-price growth in Vietnam. Vietnamese inflation accelerated for an 11th month in July after the central bank cut a key interest rate even as the nation faces the fastest price gains in Asia. Consumer prices rose 22.16 percent from a year earlier, compared with June’s 20.82 percent pace, [...]
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June 19, 2011
Many consumers said they would be trading down to less expensive products The first half of 2011 brought a decline in Vietnam’s consumer confidence levels, according to the latest Nielsen survey. Vietnam’s economy was virtually untouched by the global economic downturn and consumer confidence generally remained among the highest of the 55 countries monitored by [...]
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June 10, 2011
Vietnam’s consumer confidence continued to fall, a survey found Vietnam’s online consumer confidence continued to fall in the first quarter due to concerns over the current state of the economy, according to a recent survey by Nielsen Vietnam. With its confidence index dipping five points to 98, below the Asia Pacific average of 106, the [...]
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June 3, 2011
New consumer protection law will lack teeth without several amendments, say experts A woman walks past an advertisement at a shopping center in downtown Hanoi. Vietnam’s first-ever Consumer Protection Law will take effect this July. The Consumer Protection Law that will take effect this July is a good first step, but one that needs [...]
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May 2, 2011
A recent proposal by the Ministry of Finance to raise taxable income threshold to VND5 million (US$238) from the current VND4 million ($190) will not help ease financial burdens in the context of rising consumer prices, according to experts. Le Quoc Dung, vice chairman of the Economic Commission of the National Assembly, said the [...]
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