"¢ Top dairy product maker Vinamilk has invested 90 million New Zealand dollars (US$74.6 milllion) in its first overseas project in New Zealand to produce high quality milk. Vinamilk holds a 19.3 percent stake in the dairy factory.
"¢ Struggling clothing company Gap Inc. plans to open stores in Vietnam as part of its overseas expansion efforts. The San Francisco retailer said Tuesday that its namesake store will open in Vietnam in October. A Banana Republic store will open late next year. The first two Gap stores will open in Ho Chi Minh City as part of a franchise deal with Imex Pan Pacific, with additional stores set for Hanoi in 2012.
"¢ Vietnam Export-Import Commercial Joint Stock Bank, known as Eximbank, received central bank approval to increase its registered capital to VND12.36 trillion from VND10.56 trillion, according to a statement posted Monday on the State Bank of Vietnam's website.
"¢ Soco International Plc, an oil explorer in Asia and Africa, said its Te Giac Trang field off the coast of Vietnam started production in August and may increase output to more than 50,000 barrels of oil a day by the end of the year, bolstering cash flow. The company also plans to drill three wells off Congo, it said in a statement.
"¢ Vietnam, the world's biggest producer of robusta coffee, exported 40,000 tons in August, according to figures released Thursday by the General Statistics Office in Hanoi, 48.7 percent less than in the same period last year. Exports in the first eight months of the year were estimated at 958,000 tons, up 11.4 percent from a year earlier.