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BUSINESS
IN BRIEF 24/9
The figure
increased by 1.13 percent compared to the previous month, and the office
reported a year-on-year increase of 3.16 percent.
According to the
office, prices for educational goods and services increased the most compared
to August, up by more than 19 percent, as consumers stocked up on school
supplies for the new academic year. Equipment and household items increased
by 0.39 percent; apparel and footwear by 0.3 percent and beverages and
tobacco by 0.14.
A decrease was
recorded for transport (2.03 percent); housing, electricity, water, and
building materials (0.55 percent); restaurants and services (0.20 percent);
and pharmaceuticals and healthcare services (0.04 percent).
In contrast to the
CPI, the price of gold and the USD exchange rate fell by 0.93 and 0.03
percent, respectively.
Car imports
skyrocket in 8 months
In the first eight
months of the year, Vietnam imported an estimated 37,300 vehicles valued at
US$806 million, up 71.5% in volume and 91.9% in value compared to last year’s
corresponding period, Vietnam Customs reports.
Of the figure, the
Meanwhile, in
August 2014 alone, Vietnam Customs statistics show that Chinese automobile
exports to
The number of
completely built units (CBU) imported from China has been on an upward trend
over recent months with 5,600 purchased in June,5,920 in July, and 5,760 in
August.
Vietnam
ascends to largest fish supplier of Colombia
Tuna and Tra
(Pangasius) fish alone accounted for 19% and 16% of the total frozen fish
imports.
In the 1970s,
Fernando Bagés, a
Columbian aquaculture expert, forecasts that tra fish imported from
GEF project
helps promote non-fired brick production
The Prime Minister
has approved the project “Promotion of non-fired brick (NFB) production and
utilisation in
The project will be
carried out through the country in five years with a total investment of
nearly US$39 million, of which US$2.8 million will be provided by GEF as
non-refundable aid through the UN Development Programme (UNDP).
Its expected
outcomes are to promulgate policies that encourage the NFB manufacturing and
use, strengthen the capacity of relevant government bodies in the field, and
increase the number of local NFB providers.
It will also help
enhance the availability of sustainable financial resources for investment
projects on NFB and its technology, boost confidence in the financial
feasibility as well as economic and environmental benefits of NFB production
among financial institutions, brick manufacturers and management bodies, and
increase the market share of non-fired bricks.
The project’s
overall purpose is to help
It is estimated
that the direct and indirect cumulative CO2 emission reductions will be 383
ktonnes and 13,400 ktonnes, respectively, within 10 years after the project
ends.
Nghe An
sees 10.6 percent jump in industrial production
The index of
industrial production (IIP) of central Nghe An province was expected to
record a year-on-year increase 10.6 percent in the first nine months of 2014,
according to the provincial People’s Committee.
Growth was
registered in the fields of mining (0.9 percent), processing and
manufacturing (12 percent), electricity and gas (3.9 percent) and water
supply (9.9 percent).
High consumption of
several products such as milk, sugar, clothes and brick also contributed to
the IIP rise.
To boost industrial
production, local authorities are strengthening measures to help businesses
overcome difficulties, such as finding consumption markets, stepping up
import-export activities, and spreading the campaign “Vietnamese prioritise
using Vietnamese goods”.
The province is
also encouraging enterprises to seek solutions to stabilising prices and
preventing trade fraud.
Ha Giang
seeks to boost tourism industry
Ha Giang provincial
People's Committee has recently approved the master plan for tourism
development in the province to 2020 and orientation towards 2030, the Vietnam
Business Forum Magazine (VBF) reported.
By 2020, Ha Giang
tourism aims to play an important role in the provincial service industry,
creating the premise towards 2030 for tourism to be a key economic sector in
its economic structure, contributing to raising living standards of the
people.
Ha Giang has an
important position on the national tourism map. It is also a land of rich
cultural history, the convergence of the 19 ethnic groups such as Mong, Dao,
Pa Then, Co Lao, Lo Lo, Bo Y, Phu La, and Pu Peo.
The province also
possesses many national historic sites namely Dong Van ancient town, the
Vuong dynasty architectural relic, Lung Cu flagpole (Dong Van); Sung Khanh
Pagoda, Binh Lam Pagoda (Vi Xuyen); Trong Con Subregional revolutionary
relics (Bac Quang); Cang Bac Me (Bac Me), ancient rocks Nam Dan (Xin Man),
and Hoang Su Phi terraced fields.
Ha Giang also has
peculiar natural scenery, with spectacular wild beauty as: Ma Pi Leng (Meo
Vac),
According to Hoang
Van Kien, Director of Ha Giang’s Department of Culture, Sports and Tourism,
Ha Giang is located in a strategic position in terms of economic, social,
defence, security and tourism development.
In recent years,
the social and economic development of Ha Giang province has achieved
encouraging results. The infrastructure is continued to be invested, creating
conditions for Ha Giang tourism to develop.
However, Ha Giang
tourism is at an early stage of development. Under the master plan for
tourism development up to 2020 and orientations towards 2030, the province
will focus on developing various tourism products such as geological tourism,
cultural tourism, and community-based tourism.
In addition, Ha
Giang will develop traditional craft products, and culinary tourism.
Specifically, by 2020, Ha Giang tourism industry needs to invest 24 projects
in various sectors, giving priorities to Dong Van Plateau Global Geopark and
Hoang Su Phi terraced fields.
Smile of
More than 110
travel and hospitality enterprises were honoured at the 15th Guide Awards
ceremony held in the central city of Nha Trang last Saturday.
The award, themed
Smile of Viet Nam, is an annual prize of The Guide, a publication of Vietnam
Economic Times designed to promote tourism. Enterprises were selected by the
votes of readers and the magazine's editors.
Receiving the
highest number of votes were the
Call to
export more building materials
The domestic
building materials industry should promote efficiency in the export of its
products in the future because the domestic market has yet to fully recover
from crisis, experts said.
The Industry and
Trade newspaper quoted the Ministry of Construction (MoC) as saying the
export of building materials was needed to reduce the pressure of high
inventory, maintain production stability and improve competitiveness in the
world market.
Leading exporters
of building materials in
Luyen Cong Minh,
chairman of the Viet Nam Building Glass and Ceramic Corporation (Viglacera),
said his company expected to gain total export revenues of US$31.5 million
from building materials, though the industry was still facing numerous
difficulties in production and business.
The domestic
building materials industry has achieved high export volume but remained
saddled with the low value of its products, said the ministry.
Le Van Toi, head of
the MoC's Building Material Development Office, said
Also, building
materials producers haven't been actively seeking export markets and haven't
been investing enough in trade promotion activities, Toi added.
To solve these
difficulties, the enterprises should pay attention to opportunities for
exporting their products, said Nguyen Quang Cung, chairman of the Viet Nam
Cement Association.
The exports could
not bring in huge profits but exporting will help domestic enterprises
overcome existing difficulties in production and business and also compel
them to upgrade production quality according to global standards, Cung added.
Tran Quang Huy,
head of the African, West Asian and South Asian Markets Department under the
Ministry of Industry and Trade, said the
Vietnamese
enterprises should be more active in studying and researching the
To improve the
quality of exports, Toi said, domestic enterprises in the building materials
industry should restructure themselves to set up complexes with strong
financial ability that manufacture and trade building materials that conform
to international product standards.
Many new
projects added to coal development plan
Prime Minister
Nguyen Tan Dung has approved the inclusion of at least eight projects in the
country's coal industry development planning for 2020 to 2030 to meet
domestic demand, especially for electricity.
The Ministry of
Industry and Trade made the proposal amid fears of a shortage of coal in
Industry experts
forecast expect the country to face a coal shortage beginning next year,
especially for electricity generation, which might amount to 50 million
tonnes by 2020.
An estimate posted
on the website of the Viet Nam National Coal, Mineral Industries Holding
Group (Vinacomin) said the country must import about 1.3 million tonnes of
coal in 2015 and 64 million tonnes in 2020 to make up for the shortage.
On coal extraction
projects, the Prime Minister has agreed to add to the planning Nam Trang Bach
mine with a capacity of 500,000 tonnes per year, Cai Da mine with a capacity
of 300,000 tonnes per year, and Khe Tam and Tay Nam Khe Tam mines, each with
a capacity of 200,000 tonnes per year.
Also added is Dong
Da Mai mine, in the northern
The project in Tan
Yen and Dong Trang Bach in the Uong Bi-Dong Trieu-Pha Lai mining zone will be
split into two separate projects with a capacity of 200,000 tonnes and
450,000 tonnes, respectively. The exploratory project of Nui Hong mine was
also added.
According to the
coal industry development planning by 2020, with vision to 2030, which the
Prime Minister approved under Decision 60/QD-TTg, the coal industry's output
is expected to reach 55 million to 58 million tonnes by 2015, 60 million to
65 million tonnes by 2020 and more than 75 million tonnes by 2030.
At the end of last
year, however, Vinacomin reported that the estimated reserve of the Dong Bac
(North East) coal basin was 20.8 per cent lower than the figure in the
planning. As a result, the maximum coal output by 2025 to 2030 could be
around 65 million tonnes only, or 10 million tonnes lower than the target.
PM instructs to cut half business starting, dissolving time
The Prime Minister
has instructed the Ministry of Planning and Investment to cut short business
registration and dissolving time by 50 percent compared to the current
average time in the revised enterprise law.
He instructed
completion of the revised law before December 31, according to an
announcement from the Government Office.
The ministry should
conduct overall examination over the revised law to abolish unnecessary
procedures, which have caused difficulties and inconveniences for businesses.
The dissolving
process must be clear facilitating business withdrawal from the market and a
national database on business registration should be quickly accomplished.
The Japan External
Trade Organization (JETRO) in HCMC called for
Hirotaka Yasuzumi,
managing director of JETRO in HCMC, raised the point at a seminar on
solutions to develop supporting industries in
Yasuzumi said
Japanese enterprises in
A survey conducted
by JETRO in 2012 indicated that the local content ratio of Japanese products
made in
According to the
Ministry of Industry and Trade, the manufacturing sector has to import some
80% of material and component needs. As a result, prices of
For example,
automakers in
Yasuzumi said
supporting industries in
Yasuzumi gave an
example that small- and medium-sized enterprises (SMEs) in
Speaking at the
seminar, Truong Thanh Hoai, deputy head of the Department of Heavy Industry
under the ministry, said the Government will issue a decree propping up
supporting industries.
Siemens
consortium, EVNSPC ink deal for power distribution control
A Siemens
consortium clinched a contract with Southern Power Corporation (EVNSPC) in
HCMC last Friday to design, supply, install and commission a Supervisory
Control and Data Acquisition/Distribution Management System and 110kV
Unmanned Substations in southern
Siemens said in a
statement that the US$15-million contract for Package DEP-SPC-SCADA-1 was
awarded to the consortium of Siemens AG, Power Automation – a joint venture
between Siemens and Power Singapore, and Siemens Limited Vietnam in connection
with the Distribution Efficiency Project (DEP) funded by the World Bank.
EVNSPC said the
contract has been given to the Siemens consortium after more than one year of
tender organization as well as result check and approval by the international
lender.
Installed and ready
for operation by September 2016, the Supervisory Control and Data
Acquisition/Distribution Management System (SCADA/DMS) is expected to improve
the availability and efficiency of the distribution networks in 21 cities and
provinces in the southern region of
SCADA systems are
used for the operator interface and for the control and monitoring of power
networks while the combined DMS optimizes distribution network control.
Spectrum Power, the SCADA/DMS product from Siemens, enables grid operators to
control the network management and the energy flow. Furthermore, it helps to
cut the cost of network maintenance and to speed up the elimination of
faults.
Besides, 110kV
Unmanned Substations will help EVNSPC make a huge saving from more efficient
and effective utilization of their labor source.
Siemens said the
contract volume for Siemens Smart Grid is the first project of its type to be
implemented in
Thai Lai Pham,
president and CEO of Siemens Vietnam, said in the statement that the
SCADA/DMS systems of Siemens are successfully proving their worth in
operation for numerous power providers and network operators over the world.
“And they have now
arrived in
Siemens is
committed to bringing its latest technology and quality service to
Nguyen Thanh Duy,
president and CEO of EVNSPC, said it is good for the company to be the
pioneer in applying the most advanced technology in the power distribution
industry.
“The SCADA/DMS
system, which is designed, supplied, installed and commissioned by Siemens
Consortium, will help our company to remarkably improve the efficiency and
reliability of the distribution network in 21 provinces and cities in the
southern region of Vietnam thus contributing to the economic development in
this region,” Duy said.
Siemens Vietnam
opened offices in 1993 and has since has participated in numerous
infrastructure projects in this market, particularly in energy, industry,
healthcare and transportation.
Debt
support out of shrimp, tra fish farms’ reach
The State Bank of
Vietnam (SBV) will refinance credit institutions that reschedule debt for
ailing shrimp and tra fish farm owners and cooperatives from this November,
but experts are skeptical that the supportive policy is still out of their
reach.
The central bank
earlier told commercial banks to reschedule loans and extend maturity
deadlines for the farms and cooperatives. However, experts pointed out that
there have been many shortcomings and doubted the implementation of the
policy.
Nguyen Ngoc Hai,
head of a tra fish cooperative in Can Tho City’s O Mon District, said many
local households have yet to benefit from the supportive policies despite
losing debt solvency.
“Farmers have
applied for debt rescheduling, but banks have rejected them although the
central bank has refinanced a number of lenders,” Hai said.
Nguyen Thanh Binh,
a tra fish farmer in O Mon District, said he had many times written to
Agribank asking for a rescheduling of his VND2-billion loan. Binh has been
unable to service his loan and interest as his five fish farms were hard hit
by diseases.
However, the bank
turned down his request, saying this was not a sound reason as only one or
two farms were hit by fish diseases and the bank only offered to reschedule
loans if a majority number of tra fish farming households in the locality
were in the same boat as Binh.
Currently, Binh has
to pay around VND20 million in the interest for the loan a month.
Vo Tu Vinh, deputy
director of Agribank’s O Mon District branch, said the unit has just extended
payment deadlines for customers and debt rescheduling only applies to the
borrowers who suffer from natural disasters and diseases. Most local
customers incurred losses due to low sale prices.
For farmers who
fail to pay interest and principle, banks have given them an extension, for
instance by one or two years, Vinh said.
Nguyen Van Nhiem,
chairman of My Thanh Shrimp Association in
According to
Circular No. 26/2014/TT-NHNN, the SBV will refinance the banks that which
have frozen and rescheduled loans for shrimp and tra fish farming households,
farm owners and cooperatives grappling with difficulties in their production
and business operations and debt payments as of December 31 last year.
Refinancing with a
zero interest rate will be equivalent to the loans that lenders have
rescheduled. This refinancing will be implemented within 364 days and will be
renewed automatically each year for a period of three years.
After three years,
the credit institutions will have to pay the loan amount to the central bank.
If the institutions fail to meet the deadline, the SBV will transfer the
remaining debt to overdue loans and carry out measures to retrieve them.
Piaggio
Piaggio
The recall covers
Vespa LX 3V i.e, Vespa S 3V i.e, Vespa LXV 3V i.e and Vespa LT 3V i.e models
that were manufactured between May 13 last year and January 10 this year.
The company said as
checks have found that certain fuel lines fail to meet the Piaggio’s quality
standards, which may lead to fuel leaks in some cases, the manufacturer has
decided to check all those models and replace new fuel lines if the fault is
discovered.
Piaggio
As the exclusive
importer and distributor of the Vespa 946 model in
Piaggio
Customers can visit
www.vespa.com.vn, call 1800555585 or email to customer.service@piaggio.com.vn
for more information about the program.
ADB
president sees private sector as growth driver
President of the
Asian Development Bank (ADB) Takehiko Nakao has called for
Speaking at a press
conference in
Fast reform of State-owned
enterprises (SOEs) will contribute much to realizing the goals. Nakao said
there are still too many SOEs and it is difficult for the enterprises to
operate effectively if they are not restructured.
The Government
should secure effective implementation of business laws and regulations to
create a level playing field for all economic sectors and develop a healthy
environment for competition, he added.
ADB projected
Earlier, Nakao met
State President Truong Tan Sang, Prime Minister Nguyen Tan Dung and State
Bank of
Speaking to the
“To solidify the
gains made and restore high and inclusive economic growth, structural reform
- primarily of SOEs and the banking sector - needs acceleration. The
Government also needs to handle public debt by broadening the tax base and
rationalizing public expenditures,” he said.
Nakao also attended
the 5th Asian Devepment Forum in Hanoi, where he gave a keynote address
outlining an 8-point agenda to sustain growth in Asia – macro-economic
stability, adequate infrastructure, expanding human capital, open trade and
investment regimes, good governance, commitment to inclusive growth, a
well-articulated and shared national development strategy, and security and
political stability.
Vietcombank,
Smartlink aid Vinecom in retail service
The Bank for
Foreign Trade of Vietnam (Vietcombank), Smartlink Card Service Joint Stock
Company and Vinecom Co. Ltd. last Friday struck a cooperation deal for
banking services, including retail and payment facilitation.
Vietcombank will
join hands with Smartlink to provide banking services, including retail
service, to Vinecom to aid it in offering better products to customers and
facilitate their payments, according to Vietnam News Agency.
Dao Minh Tuan,
deputy general director of Vietcombank, said Vietcombank is the first bank to
lay the groundwork for e-payment services in
Vinecom is active
in the e-commerce sector and is an affiliate of Vingroup Company.
Stricter
rule for main construction contractors
Engineering,
procurement and construction (EPC) and foreign contractors will not be
allowed to hire sub-contractors to do all construction works of the contracts
they win as clarified by a decree on construction contracting.
The Ministry of
Construction said the decree is one of the five decrees guiding the 2014
Construction Law, which was passed by the National Assembly last June and
will come into force next year. The decree was put on the table for comments
at a seminar in HCMC last week.
Pham Van Khanh,
head of the ministry’s construction economic department, said it is popular
in the world that when main contractors are awarded construction contracts,
they hire sub-contractors to take charge of the components of the contracts
for them. This requires contractors to have lots of expertise and experiences
which few contractors in
Therefore, the rule
will be applied to secure quality of construction works. Notably, it will
permit the main contractors to share management and inspection activities
with sub-contractors.
In reality,
conflicts have occurred between the main contractor and the investor when the
former uses sub-contractors who lack experiences or cannot control
sub-contractors during the process of construction.
To avoid the
situations, Khanh said the new rule requires the main contractor to bear full
responsibility for the quality of construction works executed by the
sub-contractors they hire.
Many delegates at
the seminar voiced against the rule, saying that it is not practical in the
current time as in reality, many foreign contractors only manage to win
tenders and then assign sub-contractors to implement their contracts.
Nguyen Ngoc Toan,
deputy general director of Cuu Long Corporation for Investment Development
and Project Management of Infrastructure, said a construction structure
comprises of tens of packages and Vietnamese sub-contractors are capable of
carrying out these packages.
Toan suggested the
Ministry should allow sub-contractors to do all the jobs assigned by the main
contractor as one of the measures to create jobs for local laborers in the
construction sector.
Nguyen Tien Thao
from the Irrigation Project Investment and Construction Management Unit No.8
raised concerns that investors have had to compensate for main contractors
for being late in site clearance, which is actually the responsibility of
local authorities.
Thao suggested that
the decree on construction contracts should clarifies the responsibilities of
contractors and investors to avoid such conflicts.
Regarding insurance
for buildings, Khanh said the decree regulates that only buildings which
affect public safety and the environment, and those requiring special
technologies and carried out under complicated conditions need to be insured.
Deputy Minister of
Construction Le Quang Hung said the advantage of the Construction Law is that
it makes clear the process of construction investment management for projects
to be implemented with different sources of capital. It also contains strict
regulations on responsibilities of contractors.
Cruise ship
arrivals in
Over 34,000 cruise
ship passengers have arrived in the former imperial capital of
With two trips to
the city’s Chan May port since early this year, the five-star cruise ship
Celebrity Millennium of the Royal Caribbean Cruise Lines Co. Ltd had brought
more than 5,200 tourists and crew members to Hue. The American cruise ship is
slated to make eight trips to
Thua Thien-Hue government,
in cooperation with relevant agencies, has mapped out plans to attract more
cruise ships.
In the short term,
the province will focus on improving tourism services. At the same time, the
provincial government will strengthen promotional activities in foreign and
domestic tourism fairs to attract more visitors to
At a workshop on
This cruise line
plans to bring its first passenger ships to
Among 46 seaports chosen
as stopovers for cruise ships in Southeast Asia by the Asia Cruise
Association (ACA),
In addition, it is
located in the center of the country and close to some key tourist
destinations. It is also the eastern gateway to the sea close to the
East-West Economic Corridor area linking
Currently,
CTU to
boost scientific studies, technology transfer
Can Tho City-based
Can Tho University (CTU) will strive to boost technology transfer and
commercialize more scientific research projects to support socio-economic development,
particularly in the Mekong Delta region.
Associate Professor
Ha Thanh Toan, rector of the university, unveiled the goal at an opening
ceremony of the 2014-2015 academic school year last Friday. He said the
university will intensify cooperation with domestic and foreign partners in
doing scientific research and making them applicable in reality.
Toan told the Daily
that the university would increase technology transfer to make more products
bearing the university’s brand to fuel socio-economic development in the
delta. These products include organic fertilizer, biological fungicides,
shrimp feed, foods and beverages.
The university will
cooperate with PetroVietnam Ca Mau Fertilizer Company Limited in fertilizer
products and transfer technology of producing organic fertilizer to Tan Kim
Phuc Company. Besides, the school will work with Rang Dong Light Source and
Vacuum Flask Company, Vietnam Brewery and the Vietnam Association of Seafood
Exporters and Producers over contracts worth tens of billions of dong in
total.
Scientific
researches and technology transfer, according to Toan, will help CTU become
one of the top research universities in
The university has
so far cooperated in scientific studies and human resource development with
the Mekong Delta localities of Can Tho, Vinh Long, Hau Giang, Ben Tre, Long
An, Dong Thap and Tien Giang as well as the Central Party Committee’s
Economic Commission.
CTU currently has
over 53,200 under-graduate students and over 3,700 post-graduates attending
Master’s courses on 90 fields.
Mahaphant
Group opens rep office in city
Thai non-asbestos
fiber cement maker Mahaphant Group has inaugurated a representative office in
Sarat Khiatbanlue,
ASEAN president of Mahaphant Group, said in a statement that the group’s
presence in
According to the
company, it continues a solid expansion with stable growth in
The company said
there is still an undersupply of social housing for low-income people.
Khiatbanlue said
the group sees opportunities in the ASEAN region to be a driving force for
eco-living and environmentally friendly fiber cement production. In
Mahaphant is not a
newcomer in
SHERA fiber cement
boards provide fast build, dry construction with fire, and termite and
moisture resistance. Besides, they give stability in different climate
conditions for applications in interiors and exteriors and wet areas.
In
E-United
determined to move on with US$4.5 billion steel project
E-United has
expressed its strong determination to continue its Guang Lian steel project
in Dung Quat Economic Zone in
The Taiwanese
investor told a meeting with the management board of Dung Quat Economic Zone
last week that it wanted to proceed with the project and break ground for the
foot-lagging project by end-September next year.
Le Van Dung, deputy
head of the management board, told the Daily after the meeting last Friday
that E-United has been asked to show a detailed road map for building
components of the project to prevent the project from being further delayed
as it has been in the past years if it is still determined to invest in the
project.
At the meeting,
E-United elaborated on what has been done and will be developed at the
project in the central province. Dung said the board will report the case to
the government of
In fact, work on
the mammoth project started in 2007 and the investor has since spent US$40-50
million on accommodation facilities for workers, ground leveling, and works
for project boundary and production factory preparations among others.
The steel project
was licensed in 2006 with initial investment capital of US$1 billion. The
local government has allocated 330 hectares of land to the investor and many
times urged it to complete the project as pledged.
However, the
project has not been able to turn out any products so far though it has since
been handed over to a number of investors.
In 2012,
But, the management
board of Dung Quat Economic Zone told the Daily early last week that JFE had
pulled out of the project, which consists of two furnaces and other
facilities such as ports, material sections and maintenance stations.
Industry insiders
have concerned that localities have licensed too many steel projects in the
past years without considering supply and demand on the local market, the
financial capacity and experiences of investors, and infrastructure
development for relevant sectors such as electricity, ports and roads.
Reality showed that
a number of big-ticket steel projects have not got off the ground after
having been licensed for years as their investors lack capital and are slow
in site clearance and compensation. Moreover, the drawing up of
implementation plans and approval for such projects are often time-consuming.
A Vietnamese-Czech
forum was held in
Participants
included representatives from the Euro-Vietnam Business Networking (EVBN),
and the Czech branch of the Bank for Investment and Development of Vietnam
(BIDV) and Czech businesses.
Addressing the
event, Minister Counsellor of the Vietnamese Embassy in the Czech Republic
Hoang Thuy Duong said the economic ties between the two countries have grown
substantially, with two-way trade totaling 546 million USD last year.
However, Duong
said, the cooperation has not yet reached their full potential, with just
over 30 Czech investment projects in
In his report ,
“Vietnam - trade and investment opportunities” , Commerce Counsellor Nguyen
Thanh Long highlighted that Vietnam welcomes Czech enterprises and investors
to come to the country to research market conditions, seek partners, and
build alliances with a view to producing in or exporting to Vietnam.
He added that Czech
businesses are currently drafting a number of investment plans for operations
in
Meanwhile, EVBN
representative Jana Ackermann disclosed that investment opportunities in
At present, around
40,000 Vietnamese live and work in the
Customs-business
coordination required for intellectual property rights
The close
coordination between customs agencies and enterprises is crucial for the
protection of intellectual property rights, and the prevention and detection
of violations, a senior leader of the Hanoi Department of Customs said.
Deputy Head of the
department Van Ba Tin addressed a conference in
In order to enhance
efficiency, enterprises should provide customs officials with information on
their goods before they are imported, he said.
Tin also noted that
unfortunately the increase in international trade went hand-in-hand with an
increase in fraud and fake products. Intellectual property rights violations
were not just harmful for the economy and trade, but also for consumers’
health, he said.
Currently,
Meanwhile, Tran
Viet Hung from the Anti-Smuggling Investigation Department under the Customs
Department of Vietnam said that since VNACCS/VCIS was new to
Learning from other
countries’ experience in protecting intellectual property rights would help
During the event,
business representatives expressed their opinions on how to manage goods better
and protect intellectual property rights.
According to Le
Viet Hung of The North Face, the new e-customs system has made it possible
for central offices to instruct local customs officials on strengthening
inspections on suspected cases.
He also provided
information on the differences between real and counterfeit The North Face
products to help customs officials distinguish correctly.
Vietnamese
products marketed in France
Vietnamese Goods
Week in
During the week,
many local products ranging from fruits, vegetables, frozen shrimp and fish,
and spring rolls, to dried vermicelli and instant noodle will be bought off
the shelf at Casino Saint Didier supermarket.
At the opening
ceremony, Vietnamese Deputy Minister of Industry and Trade Ho Thi Kim Thoa
spoke of the fine cooperation between the two countries, particularly between
Casino Group that owns the Big C supermarket chain and
Casino, one of
France’s leading retailers and distributors, has operated efficiently in
With a wealth of
experience, Big C wants to promote and expand sales of high quality
Vietnamese products not only in France but also the EU as well, he said.
Zecri took frozen
shrimp imported from
Vietnamese
Ambassador to France Duong Chi Dung expressed his hope that more similar
events will be held in other French cities, enabling local people to taste
Vietnamese products.
The event is part
of a Government-level project to promote Vietnamese products in European
markets and help businesses introduce and sell goods directly to EU
supermarkets.
Duration of
customs clearance process revealed
The length of
Vietnamese customs clearance processes was shared for the first time at a
meeting in
Data revealed that
the average customs clearance process for imports took more than 115 hours;
the shortest taking just several hours and the longest taking 1,400 hours.
Meanwhile, it took
an average of 11.6 hours for customs agencies to handle procedures relating
to exports.
The study was
conducted between September 9-14, 2013, in eleven sub-departments of the
Customs Department in seven localities, including
Participants in the
meeting said such a disparity between processing imports and exports meant
relevant agencies should urgently develop measures to adjust it.
Hoang Viet Cuong,
Deputy Director of the General Department of Vietnam Customs, admitted that
the customs sector should overhaul its clearance processes to minimise the
time needed to inspect goods, and expand the e-tax declaration and payment
scheme.
Additionally, the
sector will consolidate risk management capacities and closely monitor
enterprises that have not complied with customs regulations.
From now on, the
customs clearance duration survey is to be conducted three times every five
years, with the next study taking place in 2015.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Thứ Ba, 23 tháng 9, 2014
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