News

15 Jun
Organic Food Industry in Vietnam

2017/6/5

“30% increase annually”

In 2016, Vietnam recorded 129 cases of food poisoning and 57,000 units found violations. Todays each time going to market, consumers keep worrying whether the food is safe or not because lack of its origin information.
As a result, growing numbers of people are turning to “clean” food, buying foods certificated by officials. This trends also opens up a new business opportunity in “organic food”.
Organic Trade Association estimates total organic consumer market of Vietnam at about 2 million USD per year.

Health & wellness products have highest consumption, reached 3,955.8 million USD in 2015, with compound annual growth rate of 17.9% from 2012 to 2015.
According to Organik Da Lat, consumption of organic products has increased by 30% annually. Statistics from “Hợp tác xã Thỏ Việt” show that consumer demand in the first eight months of 2014 increased by 50% compared to 2013.
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Many big brands in Vietnam have invested and developed its organic products, such as Vinamilk, Co.opmart, Vinamit,…
Vinamit, a well-known dried fruit manufacturer and exporter, also included organic into their core business.
For the past 4 years from 2013, Vinamit has invested in a 171 hectare organic fruit farm in Binh Duong. Up to now, Vinamit has 80 organic products certificated under the USDA (US) and EU (Control Union) standards.

Read More “Organic Food Industry in Vietnam”

15 May
Insurance Market in Vietnam

2017/5/1

“Annual growth at nearly 20% “

In 2016, Vietnam Insurance Market has the gross insurance premiums at about USD 3.91 billion,
increasing 22.64% compared with the previous year.

Also, the CARG index of Vietnam Insurance market is at 18.68% in the period of 5 years (2011-2016),
which shows the good performance of Vietnam Insurance market.

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Insurance companies in Vietnam are operated
in life insurance or non-life insurance.
Life insurance market makes the growth of 29.8%,
reaching USD 2.25 billion with 18 operating companies in 2016.
Prudential is the biggest companies in terms of insurance premiums revenue with the market share of 27.11%.

Read More “Insurance Market in Vietnam”

15 Apr
Foreign Direct Investment in Vietnam

2017/4/3

“FDI trend in Vietnam”
Newly-registered foreign direct investment (FDI) capital in Vietnam has improved since the global financial crisis, racking up nearly $12 billion in 2015 (The World Bank, 2017) and the first half of 2016 alone (Van, 2016).
As one of the driving forces of the economy (Vuong, Tran and Nguyen, 2009), this displays the reforming status of Vietnam.

Specifically, the value of M&A accounts for approximately half the FDI inflows, making it the most crucial component of the capital (Gaskill and Nguyen, 2015; Vuong, Tran and Nguyen, 2009).
Recording over 500 successful deals in 2016, the total M&A deal value reached nearly $6 billion, increasing by 23.8% on-year and more than 10 times since 2006 (MAF, 2016)

Read More “Foreign Direct Investment in Vietnam”

01 Apr
Out of office (1st -2nd May)

Please note that our Ho Chi Minh and Hanoi office will be closed on 1st and 2nd of May. (National Holiday in Vietnam)
We will be back in the office on 3rd May as usual. We appreciate your support and cooperation.
Thank you for your understanding.
B&Company Inc.,
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For futher inquiries, please kindly contact us via email: info@b-company.jp
 

15 Mar
High-tech agriculture in Vietnam

2017/3/6

“200 high-tech agriculture enterprises by 2020”

Vietnam is strongly promoting hi-tech agriculture, as a mean to increase productivity and reduce negative impact on the environment.
The country has set a target that in 2020, hi-tech agriculture product would account for 35% of total value of national agriculture product (approximately 11.6 billion USD on 33.2 billion USD).
To achieve that ambitious target, enthusiastic participation of private sector is required. According to the Government’s outlook, there would be 200 hi-tech agriculture enterprises operating nationwide by 2020. However, until 2015, the number was reported to stand at just 22.
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Whether this void of hi-tech agriculture enterprises would be filled up in time or not depends a lot on foreign investment, because the most plausible business model would be a cross-country partnership, in which the Vietnamese side provides land and understanding of local conditions, while a foreign side contributes technology and know-how.

Read More “High-tech agriculture in Vietnam”

15 Feb
Office leasing market in Vietnam and supply drainage solved by rise of new players

“Reach 1 Million in the next 5 years”

By the end of 2015, Vietnam had around 550 thousand active enterprises. That figure is forecasted to reach 1 million in the next five years, half of which will be located in Hanoi and Ho Chi Minh City.
Such rise in number of businesses calls for a corresponding rise in amount of office space, especially when land prices in the 2 major cities are too expensive (up to $7,000/sqm in central districts) for modest-size enterprises to own an independent building.

Currently, Hanoi and Ho Chi Minh City’s total office space stands at 1.2 and 2.4 million sqm respectively. Each city can expect to add around 160,000 sqm to its supply source in 2017. While Ho Chi Minh City will still have the new stock concentrate in downtown area, Hanoi is likely to experience a movement towards west side of the city as its Central Business Districts is quickly running out of usable land.
Read More “Office leasing market in Vietnam and supply drainage solved by rise of new players”

15 Feb
Solar Energy Dawns on Vietnam

6th Feb 2017

“100,000 sets installed, 30-40% of which are in HCMC”

Vietnamese households are going green with the help of solar energy. The government has a plan to increase the percentage of households using solar-powered applications from 4.3% in 2015 to 12% by 2020 and 36% by 2030.
The applications include 2 main categories: thermal application and electrical application.
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Thermal application primarily goes under the form of solar water heater (SWH).

This is the most developed branch of domestic solar use in Vietnam, as reportedly around 100,000 sets are installed all over the country per year, 30 – 40% of which are located in Ho Chi Minh City.

Read More “Solar Energy Dawns on Vietnam”

01 Jan
Monthly average income and expenditure per capita at current prices (2016)

Income
The monthly average income per capita of the whole country = 3.098 million dongs. By residence, that number for rural area = 2.423 million dongs, for urban area = 4.551 million dongs. By region, South East area comes first with the average income per capital = 4.662 million dongs, next is Red River Delta = 3.883 million dongs.
 
Expenditure
Monthly average expenditure per capita of the whole country = 2.157 million dongs, of which the average expenditure for each person in rural area = 1.735 million dongs, for urban area = 3.059 million dongs. By region, people in the South East area has that number = 3.018 million dongs, in Red River Delta it was 2.528 million dongs.
 
Source: General Statistic Office

The information and statements contained herein, including any expression of opinion, are based upon sources believed to be reliable but their accuracy, completeness or correctness is not guaranteed. B&Company Vietnam accepts no liabilities whatsoever for any direct or consequential loss arising from any use of this document or its contents.

 

01 Jan
Social-economic situation in HCM city in 2016

 
 
GRDP in HCM 2016
 
Estimated GRDP in Ho Chi Minh City reached 1,023,926 billion VND( real value). Total investment fund in 2016 reached 310,521 billion VND( = 100.13% target)( up 9.26% from 2015).
Total retail sale and service revenue in December 2016 reached 66,039.7 billion VND(up 9.2% from last month).
Generally, in 2016, total revenue reached 682,703 billion VND( up 9.1% from 2015)
 
 
Export and Import Value in HCM
 
 
Total export value in December 2016 reached 3,219.7 million USD( up 13% from last month).
In 2016, export value reached 31,799.8 million USD( up 5.2% from 2015).
Total import value in December 2016 reached 3,692 million USD( up 0.5% from last month).
Total import value in 2016 reached 37,856.9 million USD(up 12.4% from 2015)
 

01 Jan
Research Intern

Research Interns

JOB DESCRIPTION – RESEARCH INTERNS
Application deadline: N/A (Until found)
Working hours: 40 hours/week (Full time), at least 15h/week (part time)
Contract: Full-time/Part-time
Location: Hanoi/Ho Chi Minh
Salary: VND 3,000,000 – 3,200,000 (for full-time)
Task descriptions/ Responsibility

  • Research and analyze data (both quantitative and qualitative data from internet, books and other material)
  • Conduct market research activity in some fieldwork areas
  • Conduct interview, data input, chart analysis
  • Participate in writing report about some industries in Vietnam
  • Other tasks based on the requirements of each project.

Requirements

  • Graduated from economic majors (applicants going to graduate are acceptable) or has experience related to the work
  • Quick, enthusiastic with work, passionate with research and development
  • Fluent in English (equivalent to IELTS 6.0 and over) or Japanese (equivalent to N3 and over)

Opportunities

  • Take part in research team to learn about market research as well as problem solving skill
  • Be under training of business communication skill, logical thinking, presentation skill, etc.
  • Receive salary and other benefits based on Vietnam Labor Law and company policy
  • Receive opportunity to improve Japanese, especially Japanese in business.
  • Receive opportunity to become official staff at the end of the internship

Application package

  • Resumes with photo (in English or Japanese)
  • Cover letter
  • Other certificate (if necessary)
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