Consumer finance services are becoming more popular with Vietnamese consumers. Friedrich Weiss, CEO of PPF Vietnam Finance - the largest consumer finance company in Vietnam operating under the Home Credit brand, tells VIR's Nguyen Trang about the company's business plans for 2012. What are your business development plans in Vietnam after years of working in Europe's financial sector? The big difference between the European and Vietnamese markets is the high demand of using scooters and motorbikes which is also the main product for loans provided by PPF in Vietnam. On the contrary, loans to purchase consumer durables are the main European market products which have not much developed in Vietnam yet. I intend to promote and develop loans to purchase consumer durables in Vietnam. Currently, 65 per cent of loans provided by PPF in Vietnam were used to purchase scooters and motorbikes, 22 per cent to purchase consumer durables and the remaining 13 per cent for cash credits. After … [Read more...] about PPF Vietnam ready to buy into consumer dream
Vietnam what to buy
Vietnam's Petrolimex has sealed 2010 term deals to buy up to 2 million tonnes of diesel from more than four sellers, more than double last year's volumes to meet growing demand, traders said yesterday.The sellers include Kuwait Petroleum Corp (KPC) and South Korea's SK Energy. But LUKOIL will not be among the suppliers, as a preliminary deal between the Russian supplier and Petrolimex faltered on differences over loading ports, traders said. "The negotiation with LUKOIL ended up with nothing," said a second trader. Petrolimex usually buys diesel on an FOB basis, meaning that it needs to charter its own vessels to lift the cargoes. As a result, it has certain port preferences for economic reasons. Traders said the country's top fuel importer will likely still meet the bulk of its demand for next year via imports, as operations at Vietnam's only refinery, which was touted to help it gain fuel self-sufficiency, has still not fully stabilised. "Generally, operations at the Dung Quat … [Read more...] about Vietnam’s Petrolimex to buy 2m tonnes of diesel
Lanterns of lively colors are what tell Hoi An and other parts of the country apart. At night, the façades of many old houses, stores and restaurants on the pedestrian-only streets are lit by lanterns, creating a fanciful view When in the ancient town of Hoi An in Quang Nam Province, you may wonder what to get for your family and friends as tokens. Following are some of the items that you should look for at Viettown Silk store in the World Heritage town on Vietnam’s central coast. … [Read more...] about What to buy in Hoi An for family and friends
Japan is an economic power, and it is one of the few countries in the world that encourages its citizens to travel abroad. Vietnam well understands that Japan is a big market, but it still cannot attract Japanese travelers to the country. Nguyen Minh Hai, Chief Representative of Vietnam Airlines in Japan, has said that there are many factors that support Vietnam’s tourism. Japanese travelers now tend to choose nearby destinations in order to save money. Meanwhile, a lot of Japanese budget airlines are planning to open air routes to neighboring countries, thus allowing increasing the number of flights and reducing the airfares. A survey conducted by the Vietnam National Administration of Tourism (VNAT) in October 2011, found that 23 percent of the Japanese people who once came to Vietnam, wished to get low cost tickets. “These are really the big opportunities for Vietnam’s tourism. We are considering opening the air route Da Nang – Narita. It is expected … [Read more...] about What to do to attract more Japanese travelers? (part 1)
â Thailand has been âholding out.â India and Pakistan has been actively negotiating with partners to boost exports. What should Vietnam do: keeping waiting or taking actions to grab the opportunities? The world and the domestic rice markets both have been fluctuating when big rice importers in the world have placed orders with Indian and Pakistani exporters instead of the Vietnamese, and Thai because Indian and Pakistani exporters offer lower prices. Meanwhile, the plan by the Thai government to buy rice from farmers at high prices implemented since October 7 has been meeting a lot of difficulties due to the worst flood in the last 50 years. As a result, the worldâs rice price has not increased as expected by other big rice exporters, including Vietnam. Vietnam: keep waiting or âjumpâ? Rice experts once predicted that the Thai governmentâs policy to intervene the domestic rice market would push the rice export price to 700-850 dollars per ton. However, the … [Read more...] about Rice export: Vietnam needs to wait or take actions to grab opportunities?