Czech firm to build Asia’s biggest brewery in Vietnam

Czech firm BTG Holding will build Asia's biggest brewery in Vietnam with a total registered capital of US$116 million (86 million euro). BTG Holding inaugurated its Lac Thinh industrial park on 220 hectares of Hoa Binh province with a total registered capital of US$54 million. Two BTG Holding projects which obtained the investment license include its brewery and its thermal … [Read more...]

Slovakian firm builds brewery, thermal plant

HOA BINH (VNS)— The Slovakian BTG Holding Group has begun work on a 100 million euro (US$136 million) beer factory and thermal power plant in Hoa Binh province's Lac Thinh Industrial Park. The park, in Yen Thuy district, covers 220ha and has attracted total investments exceeding 45 million euro. Its modern, high quality infrastructure includes a hotel, accommodation for … [Read more...]

Asia’s largest Budweiser Budvar brewery to be located in Vietnam

At the groundbreaking ceremony for the Lac Thinh Industrial Park Nhan Dan - A Czech brewery financed by Slovakia's BTG Holding is to be built at the Lac Thinh Industrial Park in Yen Thuy district, Hoa Binh province. The brewery, which will produce Budweiser Budvar beer, is to be the largest of its kind in Asia, with an investment of EUR86 million. It will have an annual … [Read more...]

Slovakia’s BTG Holding builds Asia’s biggest beer factory

Lac Thinh Industrial Park, in Yen Thuy district, covers 220 hectares and has total investments exceeding EUR45 million. Its modern, high quality infrastructure includes a hotel, accommodation for managers and workers, customs and banking agencies, post offices, sports and recreational facilities, and medical centres. (VOV) - The SlovakianBTG Holding Group began constructing a … [Read more...]

Slovakia’s BTG Holding builds biggest beer factory

Lac Thinh Industrial Park, in Yen Thuy district, covers 220 hectares and has total investments exceeding EUR45 million. Its modern, high quality infrastructure includes a hotel, accommodation for managers and workers, customs and banking agencies, post offices, sports and recreational facilities, and medical centres. (VOV) - The SlovakianBTG Holding Group began constructing a … [Read more...]

Viet Nam earns a dubious honour

According to Euromonitor International, a London-based market research company, Viet Nam now ranks among the top Southeast Asian beer-drinking nations. Last year, Vietnamese drank a total of three billion litres - equal to 30-31 litres per person. This places the nation third in Asia behind China and Japan. It should be noted that 10 years ago, Vietnamese drank only about 1.29 … [Read more...]

Vietnam appeases Big Tobacco with toothless taxes

A man smokes a cigarette while others look at a tablet device while sitting outside of a store in Hanoi, Vietnam. Photo credit: Bloomberg Vietnam's latest bid to raise its tobacco taxes will do little to curb consumption because it fails to hit the country's die-hard smokers where they hurt most - their pockets, health groups say. At a meeting of the Standing Committee of the … [Read more...]

Saigon Co.op among top 500 Asia-Pacific retailers in 2014

Sai Gon Union of Trading Co-operatives (Saigon Co-op Mart) has been selected as one of the top 500 Asia-Pacific retailers in 2014, by the Singapore-based Retail Asia magazine and Euromonitor International. Customer is shopping at a Co,opmart supermarket. (Photo: Sggp)Established in 1996, Saigon Co.op, is owner of the Co.opmart supermarket chain, Co.op food store chain, … [Read more...]

In Africa, haircare becomes a multi-billion dollar industry

With all the skill of a master weaver at a loom, Esther Ogble stands under a parasol in the sprawling Wuse market in Nigeria's capital and spins synthetic fibre into women's hair. Nearby, three customers - one in a hijab - wait for a turn to spend several hours and $40 to have their hair done, a hefty sum in a country where many live on less than $2 a day. While still … [Read more...]

Philippines: economic growth pushes luxury goods consumption

The Philippines's strong economic growth in recent years has helped thrust domestic consumption, especially for luxury commodities. According to statistics by the World Bank (WB), the country's economic growth soared from 3.6 percent in 2011 to 7.2 percent in 2013, ranking second among Asian nations after China. The Philippines 's per capita GDP also saw a stable surge, … [Read more...]

Five local firms among top Asia-Pacific retailers

The Saigon Times Daily They are Saigon Union of Trading Cooperatives (Saigon Co.op) with last year's retail revenues of over US$1.1 billion, Big C supermarket chain (under Casino Guichard Perrachon SA) US$534 million, Nguyen Kim Trading Joint Stock Company US$490 million, Saigon Jewelry Company Limited US$487 million and Mobile World Joint Stock Company US$395 million. … [Read more...]

Retailers among region’s top 500

Customers browse at Nguyen Kim Shopping Centre in HCM City. Vietnamese retailers have been listed among the top 500 retailers in the Asia-Pacific region. - VNA/VNS Photo Kim Phuong HA NOI (VNS) - Five Vietnamese companies have been listed among the top 500 retailers in the Asia-Pacific region in 2014, Retail Asia Publishing Pte Ltd and Euromonitor (Asia) Pte Ltd have … [Read more...]

Five Vietnamese companies in Asia Pacific’s top 500 retailers

Five Vietnamese companies have been listed among Asia Pacific's top 500 retailers in 2014, according to the Retail Asia Publishing Pte and the Euromonitor (Asia) Pte Ltd. They are Saigon Union of Trading Cooperatives, with last year's retail turnover of US$1,105 million, Big C chain under Casino Guichard Perrachon SA (US$534 million), Nguyen Kim Trading JSC (US$490 million), … [Read more...]

Vietnamese firms are among top 500 Asia-Pacific retailers

The Mobile World JSC will launch initial public offering with a list of more than 62.7 million shares on the HCM City Stock Exchange in July. - Photo thongtincongnghe.com HA NOI (Biz Hub) - Five Vietnamese companies have been listed among the top 500 retailers in the Asia- Pacific region in 2014, Retail Asia Publishing Pte Ltd and Euromonitor (Asia) Pte Ltd have … [Read more...]

Five VN companies in Asia Pacific’s top 500 retailers

(VOV) - Five Vietnamese companies have been listed among Asia Pacific's top 500 retailers in 2014, according to the Retail Asia Publishing Pte and the Euromonitor (Asia) Pte Ltd. Retailers seek World Cup gains Electronics retailers expect good year-end sales Saigon Co.op listed among top 500 Asian retailers They are Saigon Union of Trading Cooperatives, with last … [Read more...]

China’s Xiaomi leads Asia’s low-cost smartphone drive

Xiaomi may be little known outside China, but the fast-growing smartphone maker is at the forefront of a new wave of Asian brands challenging the dominance of Apple and Samsung with high-spec, low-price phones. Xiaomi products. The higher-end Mi3 (L) and low-end Redmi (R). (Photo: Xiaomi Singapore's Facebook page) SINGAPORE: Xiaomi may be little known outside China, but … [Read more...]

Asia business sentiment improves in first quarter, global worries continue to weigh

Business sentiment among Asia's top companies edged up in the first quarter, as solid improvement in the Philippines and South Korea outweighed weakness in China, India and Australia amid persistent concerns over the global economy, a ThomsonReuters/INSEAD survey showed. The ThomsonReuters/INSEAD Asia Business Sentiment Index snapped two consecutive quarterly declines and rose … [Read more...]

Domestic beer makers fear double tax blow

Beer industry insiders say pending new tax policies will have an adverse impact on Vietnamese beer firms already fighting for position against their foreign peers. A higher special consumption tax combined with greater foreign imports could see domestic beer firms struggle Nguyen Van Viet, chairman of the Vietnam Beer-Alcohol-Beverage Association (VBA) told VIR … [Read more...]

Will new taxes curb smoking and drinking in Vietnam?

For experts and analysts, the answer is a resounding 'no' while the Trans-Pacific Partnership could render anti-smoking laws toothless Promotion girls dance at a beverage fair in Hanoi. A government proposal to increase excise taxes on alcohol and tobacco is unlikely to curb consumption in a country where people's smoking habits die hard and their thirst for beer is just … [Read more...]

World’s top DJ promotes responsible drinking with music

In a recent interview with Tuoi Tre, Dutch DJ Armin Van Buuren, one of the world's leading DJs, talked about his latest album, the changing role of DJs in today's world, and his mission as the spokesperson of Heineken's "Dance More, Drink Slow" campaign to promote moderate drinking. "More Intense," Buuren's latest album, is a continuation of his previous album, "Intense", … [Read more...]