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BUSINESS IN BRIEF 8/7
US becomes
largest importer of Vietnamese tra fish
In May alone, the
figure was estimated at US$56.9 million, a year-on-year increase of 72%,
making the
The EU now ranks
second, accounting for 22.4% of
In the first five
months, tra fish exports to this market fell to US$159 million, down 15.6%
from a year earlier.
Meanwhile, there
are an increase in both volume and value of tra exports to
According to
Tuna
exports up 9.8%
Tuna export
earnings saw a modest increase of 9.8% in the first five months of this year
to US$253 million, reports the Vietnam Association of Seafood Exporters and
Processors (VASEP).
The domestic tuna
industry achieved a monthly growth rate of more than 50% during the whole of
2012.
However, it
suffered a major setback in March with the growth falling 16 percent, and the
downward trend has continued in the following months.
The industry is
currently encountering numerous difficulties in production, including capital
and material shortages, and especially the “Dolphin Safe” certification
required by the Earth Island Institute (EII).
VASEP warns if
Vietnamese businesses do not meet the EII’s strict requirements, they will
lose out to regional rivals and their tuna products will not be sold in major
lucrative markets.
So far,
Sales at
supermarkets slow due to high prices
Supermarkets are
likely to increase prices of many products following recent increases in
overhead such as worker pay and petroleum, causing worries among operators
that the price hikes may slow sales.
According to Vu
Vinh Phu, Chairman of the Hanoi Supermarkets Association, including both
recent rises in petrol, one litre of petrol is now VND1,000 more than before.
Since most goods bought in supermarkets are transported from the south,
petrol prices have an impact on the cost of products.
Wholesalers have
proposed increases of as high as 5% to 10% in coming weeks. The dilemma for
many supermarket owners is whether to pass on the higher cost to the
consumer, which could slow sales, or to take the losses.
A representative
from Intimex Hao Nam Supermarket said, "Currently, the prices of many
products at supermarkets are higher than they are in street markets. If these
costs continue to increase, we may not be able to complete. Right now we are
in negotiations with wholesalers for the best prices."
Prices of products
such as candies, beverages, fruits and clothes at supermarkets can be as much
as 20% higher than those in other markets.
Vu Thi Hau,
Director of Fivimart supermarket chain, said that many supermarkets receive
and sell goods on consignment, so if the producers' prices rise they will
have no choice but to pass the cost to the customer.
On the other hand,
food prices in many traditional markets have also been on the increase.
Businesses
step up rice stockpiling in Mekong Delta
Companies from the
Mekong Delta provinces including Kieng Giang and Long An are now stepping up
purchase of summer-autumn rice for stockpiling under the Government program
requiring one million tons in stock from June 15-July 31.
Huynh Van Ganh,
director of the Department of Industry and Trade in
They are now
rushing to complete purchase of the remaining volume by end of this month, he
said.
Local farmers have
harvested 50,000 hectares of summer-autumn rice, accounting for 50 percent of
total cultivable area in the province.
Rice price has
hiked just a little and farmers have found consumption easier because
businesses are speeding up stockpiling.
A kilogram of fresh
normal rice fetches VND3,700-3,900 and a kilogram of fresh long grain rice is
VND4,100-4,300 now.
Thirteen companies
are also rushing to buy 91,000 tons of rice in Long An Province, where local
farmers have harvested more than 70,000 tons of summer-autumn crop.
According to
Vietnam Food Association, businesses have exported 3.48 million tons of rice,
raking in about $1.5 billion since the beginning of the year.
The Department of
Planning and Investment in
The number of
projects and capital allotted account for 103 percent against 91.53 percent
over the same period last year.
Of the new licensed
projects is the $75 million medicine plant and research center of Sanofi
In the first six
months of the year, investors of 59 FDI projects increased investment capital
with $334.46 billion, accounting for 67.52 percent over the same period last
year.
The Department of
Planning and Investment has said they will continue to study and propose
measures to improve investment and trade environment in coming months.
Slight
price increase no help for livestock farmers
Though prices of
livestock products have inched up, farmers are still suffering heavy losses,
heard a review conference on the livestock industry held in
Nguyen Xuan Duong,
acting head of the Animal Husbandry Department at the Ministry of Agriculture
and Rural Development, said the livestock industry had struggled with poor
sales in the first six months.
Tran Van Chien,
chairman of Co Dong Co-operative in
Livestock farmers
have been suffering losses since the middle of last year. Members of Co Dong
Co-operative have sold their land and borrowed bank loans to cope with the
situation, and now they are no longer able to repay debts, he said.
“Our endurance has
reached its limit. If the market did not change for the better, many members
of the co-operative would not be able to raise new herds,” he told the Daily.
Nguyen Dinh Thanh,
owner of a chicken farm with 3,000 head in Tan Lap, Dan Phuong,
He explained the
cost of raising a chicken was about VND28,000 per kilo. With 500 full-fledged
chickens for sale at present, he is making big losses.
The situation is
less stressful at the households raising chickens under contracts with
foreign companies. However, these households almost gain nothing from such
contracts, he remarked.
“If the State did
not have an adequate policy, the local livestock industry would belong to
foreign players and our input costs and output charges would depend on them,”
he said.
However, Duong
said: “The livestock industry is regaining stability. Prices are rising and
farmers are making profits.” He hoped there would be no meat undersupply from
now to the year’s end.
In the year to
date, some 2.62 million tons of meat has been produced, up 2.32%
year-on-year, including 1.94 million tons of live pigs (74%), 439,200 tons of
live poultry (16%) and 230,000 tons of live cows and bulls (9%).
The number of pigs
and fowls has just increased slightly, while the total herd of cows and bulls
has shrank. Currently, there are 26.9 million pigs (up 1.08%) and 314 million
fowls (up 1.17%) nationwide, according to the Animal Husbandry Department.
Ba Ria-Vung
Tau sets up development fund
The southern
coastal province of Ba Ria-Vung Tau is going to establish its own development
investment fund with charted capital of VND300 billion to provide one more
capital channel for investment and development activities in the province.
As per the plan which
is prepared by the provincial Department of Finance, the fund is a
State-owned financial organization operating in line with the policy bank
model and taking independent financial decisions. It will secure and develop
capital and offset expenses and handle risks by itself as a non-profit
organization.
The fund will have
its VND300-billion chartered capital funded by the provincial budget for
three years, from 2014 to 2016, and is allowed to mobilize long- and middle-
term capital from local and foreign organizations and individuals based on
related law.
The fund’s
activities will be for direct investment in projects, investment loans and
capital contribution to set up enterprises in the fields of socioeconomic
infrastructure development upon the provincial People’s Committee’s approval.
The fund also
specializes in entrusting investment loans, recovering loans, lending
investment capital and issuing local government bonds to mobilize fund for
the provincial budget at the request of the local authorities.
Tra fish
firms expand farming areas
Tra fish processing
enterprises are mobilizing capital to expand farming areas to secure material
for their production, while individual farmers are finding the fish farming
business tougher.
Viet An Joint Stock
Company has sought to issue 10 million shares to develop two farming areas in
the recent past. Capital mobilized as of late May had amounted to around
VND54.6 billion, equivalent to 5.46 million shares.
Reporting to
shareholders, general director Luu Bach Thao said that the amount mobilized
from the share issue (estimated to be some VND100 billion) would be used as
working capital for farming costs.
Similarly, the
annual shareholders meeting of Go Dang Joint Stock Company late last month
passed the plan developing 30 hectares of tra fish farming to provide
material for the firm’s seafood processing plant which will be operational
this September with a capacity of 150 tons per day. The farming area will
cost a total of VND60 billion.
In addition, a
project to acquire the second production line for the company’s plant in Ben
Tre Province worth VND30 billion was also approved by shareholders.
Truong Dinh Hoe,
general secretary of the Vietnam Association of Seafood Exporters and
Producers (Vasep), said tra fish processors with their own self-supply
schemes can now secure over 70% of material demand and the rate tends to rise
further.
On the contrary,
the number of households with small farming areas has declined strongly as
they can not bear farming costs while the fish price is not as high as
before.
Coffee
firms dying due to inept core business
Coffee giants are
mired in losses and debts due to heavy investment in their core operation
that has turned out to be inefficient.
Thai Hoa Vietnam
Group Joint Stock Company delists its stock today due to constant losses,
while Vietnam National Coffee Corporation (Vinacafe) and Vinacafe Buon Ma
Thuot Joint Stock Company are currently burdened with huge debts.
Whereas businesses
in other industries run up debts due to investing in their non-core
operations, coffee firms have fallen into debt due to the inefficiency of the
large-scale projects in their core business field
Bad debts and
overdue debts owed by coffee companies currently total some VND6.33 trillion,
according to Vietnam Coffee and Cocoa Association (Vicofa).
Meanwhile, a report
by Vietnam Development Bank reveals its outstanding loans for coffee
exporters as of end-May had amounted to VND696 billion, accounting for 6% of
the total loans the bank had given exporters.
In Dak Lak, the
locality with the largest coffee growing area, 43 coffee firms and sales
agents announced insolvency last year, with total debts of over VND300
billion, said the provincial Department of Industry and Trade.
With the Government
guarantee, Vinacafe in 1999 borrowed 212 million French francs, or some
VND424 billion, from the French Development Agency (AFD) to develop 40,000
hectares of Arabica coffee in some northern provinces. In 2005, the
corporation admitted such a plan had failed.
Vinacafe has sold
its headquarters and many other assets to repay nearly VND1 trillion to its
creditors, including AFD and Agribank.
Similarly, Thai Hoa
has invested in many coffee processing plants mainly on loans.
Doan Trieu Nhan, a
coffee expert, is not surprised at Thai Hoa’s delisting, saying ‘what will
come, will come’.
Thai Hoa has used
short-term funding for long-term investment, building coffee processing
plants in several provinces like Quang Tri, Nghe An and Son La, but the firm
has not developed material zones to serve these plants, he demonstrated.
Meanwhile, Vinacafe
Buon Ma Thuot has invested heavily in a storage system covering over 175,300
square meters, including five warehouses with a capacity of 350,000-400,000
tons. When the system was completed in late 2010, debts owed by Vinacafe Buon
Ma Thuot had amounted to VND2.9 trillion.
However, due to
underperformance of this storage system, Vinacafe has been able to repay only
VND1.3 trillion.
Sky-high lending
rates are said to be another force driving many coffee firms into severe
debts.
“In the hot growth
period of the coffee industry from 2008 to 2010, some companies accepted loan
interest rates of 24% per annum. In the context of difficult agribusiness
currently, hardly any item can generate a profit margin of 20%, whereas
enterprises are changed an interest rate of 24%. It is understandable why
they lose solvency,” said a coffee exporter in HCMC.
Banks turn
to individual borrowers on low corporate demand
Banks have carried
out many lending programs aimed at individual clients given the weak loan
demand among businesses.
These lending
programs are deployed in various forms, including credit cards, home loans
and loans secured by cars, with simple procedures and quick disbursement.
Tien Phong Bank has
just launched a program in which loans will be disbursed within one hour
after car ownership certificates are secured. Individual clients can take out
loans worth up to 60% of their car values, at most VND2 billion.
Meanwhile, OCB is
advertising home and car loans for individuals with a preferential lending
rate of 8.99% per year for the first three months and 12.49% for the
following nine months. Since May, this bank has set aside VND700 billion as
consumer loans with a fixed interest rate of 12.49% for the first year.
ACB is also
promoting consumer credit, with a maximum credit limit 15 times higher than a
borrower’s income. The bank only gives loans to those with a monthly income
of VND6 million or above, except teachers and doctors, who only need to have
an income of over VND4 million.
Comparing the costs
of consumer credit with the profits from this activity, banks find this type
of lending attractive, especially when businesses are facing many difficulties.
Besides, consumer credit is a form of demand stimulus, which help businesses
sell their goods, said Nguyen Thu Ha, former deputy general director of
Vietcombank.
The time is now
appropriate to boost consumer credit, she remarked, since the demand of local
consumers and their incomes are on the rise.
A research by
Vietcombank forecasts consumption via credit cards will grow by 25-30% in the
2013-2017 period. In addition, consumer goods sales will rise 20% and
motorbike sales will increase 10% per year, showing the great potentials of
the consumer credit market in
Home Credit, a
company giving loans for buying motorbikes and household appliances, is doing
its business well in
By the end of 2012,
there had been five forms of consumer credit, namely property loans, auto
loans, motorbike loans, household appliance loans and credit cards.
Consumer loans are
mainly granted by banks. Most financial companies just offer loans for
purchase of motorbikes and household appliances, holding a 4% market share by
late 2012.
Consumer loans
usually have an interest rate of 13-25% per annum, charged by banks, and
24-65%, by financial companies. Credit card interest rates are around 15-25%
a year.
Outstanding
consumer loans as of end-2012 had totaled VND230 trillion, accounting for 8%
of the total outstanding loans in the economy, said Ha.
In HCMC,
outstanding consumer loans by late April had picked up 2.2% against end-2012,
standing at 5.6% of the total outstanding loans in the city, according to the
central bank’s branch in HCMC.
Operating in
Gov’t needs to improve governance
The Government
needs to improve its governance and macro-economic management, reform the
public service system and prevent corruption to meet demands of the country,
said experts at a seminar on the Government vision held on Wednesday in
The seminar was
held by the Central Institute for Economic Management and the Swedish
International Development Cooperation Agency (SIDA) to discuss governmental
reform.
According to
Grayson Clarke, author of the draft report of the Government vision, if
Officials need to
have the capability of performing their duties in the market economy. The
recruitment of civil servants must be based on professional knowledge and
achievements of applicants, not on other factors like politics or relations,
he said.
The Government
still carries out overlapping duties ineffectively. In addition, officials
and civil servants interfere too much in life of the people and enterprises,
according to Clarke.
The coordination
between agencies and the Government especially in macro-economic management
is still weak. Besides, there is a lack of coordination at the regional
level, resulting in ineffective spending and waste in infrastructure
projects.
The report also
points out that corruption has become a big problem, especially in assigning
the land use right of valuable public land sites and appointing those who are
incapable of performing their current duties, not to mention new duties.
Nguyen Van Nam,
former director of the Vietnam Academy of Social Sciences, said that
Moreover, financial
policies of the Government are more of administrative measures than creating
a favorable and competitive environment for business.
Professor Ngo Quang
Minh from Ho Chi Minh National Academy of Politics and Public Administration
shared the opinion, saying that in the policy making process, the people and
enterprises are still neglected. As a result, policies are not suitable with
actual situations, he added.
The governmental
reform was kicked off last August by the Vietnamese and Swedish governments.
The final report will be completed this year.
Seafood
export revenue leaps
Viet Nam expects a
US$300 million year-on-year increase in the export value of seafood this
year, said the Viet Nam Association of Seafood Exporters and Producers
(VASEP).
This will bring
total exports to $6.5 billion, said Nguyen Huu Dung, deputy chairman of the
association.
Dung said the
association expected seafood prices to recover as world demand was
increasing. Supplies on the domestic market were also likely.
In June, exports
started surging and reached $578 million, $100 million higher than May, the
association said. In the first half of this year, the export value gained 0.9
per cent year-on-year rise to reach $2.88 billion.
To attain this
year's target, seafood companies have been told by the association to
continue cutting indirect and service expenditure, focus on food hygiene and
safety and expand export markets.
Association
secretary Truong Dinh Hoe said key exports of tra fish and shrimp still faced
anti-dumping taxes and anti-subsidy taxes in the
However, he said
seafood exporters still had opportunities to increase exports by promoting
value-added products.
In addition, Hoe
said by the end of this year, exporters would be able to access cheap capital
due to cuts in the interest rate for banking loans.
Vu Van Tam, deputy
minister of agriculture and rural development, said in the second half of
this year, the industry would promote exports of brackish-water shrimps
because of the large profit margin.
This is because
producers from other countries in the region have faced difficulties in
producing these shrimps due to disease.
The Ministry of
Agriculture and Rural Development (MARD) has asked
The temporary ban
on shrimp imports from
The syndrome, which
devastates crustacean populations, first appeared in southern
However, a study
carried out by the
Lending
stabilises, but bad debts rise
The total amount in
outstanding loans that credit institutions in Ha Noi have accumulated had
reached nearly VND664 trillion (US$31.6 billion) by the end of June.
The figure
represents a rise of 1.7 per cent over the beginning of this year and an
increase of 8.5 per cent year on year, according to the State Bank.
The agency said
that lending has risen during the first half of the year despite dropping off
in the first two months. At the end of May, lending in the capital accounted
for 21 per cent of the total lending value in the economy.
Total deposits at
the institutions had surpassed VND948 trillion ($45.1 billion), an increase
of 5.7 per cent over last December. Savings are also estimated to have risen
steadily, by 11.2 per cent.
These moves have
helped struggling businesses and investors, supported the market and helped
credit institutions to ensure liquidity, said the agency.
The structure of
credits has changed for the better, with loans being focused on priority
sectors including agriculture, rural areas and exports.
However, vice
chairman of the Ha Noi People's Committee Nguyen Van Suu said at a municipal
meeting on Monday that bad debts in the city were on the up. By April 30, bad
debts represented 6.7 per cent of all outstanding loans, compared to only 5
per cent last December.
Suu noted that
lending still lagged behind deposits since businesses still found it
difficult to raise capital and local banks needed to stop bad debts from
rising further.
The interest rates
on loans offered by credit institutions in the city fell by 2-3 per cent
during the first half of the year and short-term rates of 9-12 per cent and
medium to long-term rates of 14.6-17.5 per cent are being applied to priority
areas.
From last month,
social housing developers began to enjoy an interest rate of 6 per cent on
loans.
Kienlong
Bank moves to new headquarters
The State Bank of
Accordingly, the
bank's new address is now No
The bank is
required to carry out the procedures for changing its head office in line
with the Law on Credit Institutions.
Thaco to
export locally assembled cars to Laos
The Truong Hai Auto
company (Thaco) will deliver its first batch of domestically assembled cars
to
Under an agreement
signed between
The company expects
to export 3,000 cars next year.This batch will prelude the automobile maker's
plans to expand into the Cambodian and
Thaco plans to
export 15,000 cars by 2020, and in partnership with French automaker Peugeot,
will begin manufacturing the Peugeot 408 this year.
The largest
automobile maker in
Ministry
projects cross-sector growth
In a document
containing guidelines on setting up socio-economic development plans in
cities and provinces next year, the ministry forecast a number of economic
indices in the second half of the year.
This year,
accordingly,
Index of Industrial
Production (IIP) was expected to surge from 5.5-5.7 per cent this year,
driven by stable growth of petroleum, electricity, cement, steel and iron,
fertiliser, garments and textile sectors.
The agriculture,
forestry and fisheries sector was seen to have continued facing many
difficulties this year but it would meet the set target of 2.8 per cent growth,
including 2.7 per cent growth of agriculture, 5.8 per cent growth of forestry
and 2.7 per cent increase of fisheries.
Services and retail
sales are expected to increase by 6.3 per cent and 16 per cent this year
respectively.
Under the
ministry's calculation, total public development investments this year would
be equal to 29 per cent of GDP.
Earlier, the World
Bank forecast
The ministry said
the country would focus on restructuring the economy to increase its
effectiveness, ability and competitiveness in the months to come.
To the end, the
ministry would submit the plan to the Government this September. The Prime
Minister would assign duties for ministries and localities based on the
approved plan before November.
Inspectors
check on job progress
The Government
Inspectorate will conduct a two-month inspection to assess Ha Noi's
implementation of the National Employment Programme until 2010, the
inspectorate said at a meeting on Wednesday.
Through the results
collected, the inspection aims to review the challenges to the implementation
of employment policies in the capital.
Nguyen Thi Bich Ngoc,
deputy chairperson of the Ha Noi People's Committee, expressed her hopes that
after the inspection, the Inspectorate would offer its own proposals and
suggestions to the Government towards more practical and effective employment
policies for Ha Noi.
The committee would
learn from the results of the inspection to better solve the city's existing
problems, she added.
The municipal
People's Committee reported that during 2009-12, the city had helped over
540,000 workers find jobs. That means that about 135,000 workers were
assisted to become employed each year during the period, realising its target
of helping 135-145,000 workers get employed by 2010.
However, while the
target was also to reduce the unemployment rate in urban areas to under 4 per
cent by 2010, the city had only managed to reduce the rate from 5.17 per cent
in 2009 to 4.8 per cent in 2012.
The Ha Noi People's
Committee also revealed that by supporting small-and-medium enterprises and
household businesses, the city had helped create 24-25,000 jobs on average
each year.
It also said that
by the end of last year, the city's Employment Fund was raised to over VND912
billion (over US$43.8 million), with an average growth of 5.4 per cent during
2006-12.
Through the fund,
from 2005 to present, the city has helped nearly 18,000 business projects get
loans, creating jobs for over 140,000 workers. Seventy per cent of the fund
was spent on suburban areas, where the rate of people out of work has been
high.
State officials
said, however, that most of the fund (80 per cent) had been used to support
small firms or small household businesses, which employed a few workers,
while private enterprises, the employer of a large number of workers, had
little access to the fund. In addition, the loan offered to businesses was
said to be limited, not sufficient to keep up with the demand of the city's
development and urbanisation process.
To better implement
the national employment strategy, the Ha Noi People's Committee proposed to
raise the minimum loan to VND30 million ($1,440) per worker, to raise of the
National Employment Fund and enlarge the number of people able to access the
fund.
Ngoc said earlier
this week, the committee had decided to offer a financial support of up to
VND200 billion (over $9.6 million) in the form of loans to near-poor
households to help them raise incomes.
World Bank
offers VN export advice
These issues were
highlighted in a report titled "Trade Facilitation, Value Creation and
Competitiveness: Policy Implications for Viet Nam's Economic Growth",
that was jointly released yesterday in Ha Noi by Viet Nam's National
Committee for International Economic Co-operation and the World Bank (WB).
The report said
that
However, the
advantages of trade liberalisation, in helping to encourage trade growing,
was reaching it limits, said experts, adding that it's now time to have a new
approach to speeding up a growth in exports.
According to Pham
Minh Duc, WB's senior economist,
In addition,
Duc went on to say
that
An inadequate
transport infrastructure, inefficient customs and a lack of transparency were
the three biggest challenges, he said.
The annual
investment into transport infrastructure in 2009-11 was 3.1 per cent of the
country's gross domestic product, still well below average for countries at
the same development level, while exports are expected to triple by 2020.
"This might
cause an imbalance as an upgrade of the transport infrastructure would fail
to keep pace with the rapid growth in exports," said Duc.
"
Do Xuan Quang,
Chairman of the Viet Nam Logistics Business Association, said that the poor
awareness of logistics and services lagging behind global standards was
another barrier to developing the trade.
The report also
revealed that
Regarding the third
pillar, supply chains, the report said that weaknessesin
Manufacturing
mainly depends on imported materials while agricultural production was still
low quality and extremely fragmented.
More Government
commitment was needed along with the development and implementation of a
national action plan to enhance trade competitiveness, said the WB.
The WB proposed
setting up a National Committee for the Facilitation of Trade and a sound
policy framework to carry out the action plan.
According to Paul
Vallery, the WB's Transport Cluster Leader, efficient logistics is an
important part of enhancing Viet Nam's competitiveness.
He said that
modernising the customs system must be sped up, to ensure transparency and
consistency, reduce time and costs and improve the reliability of
cross-border trade.
The development of
the haulage industry, which was now fragmented and an increase in business at
Cai Mep-Thi Vai Port were also essential in the next five to ten years, he
added.
Coffee
farmers to brew success
About 1,500 coffee
farmers in Viet Nam's Central Highland province of Lam Dong are set to
receive free training in agricultural techniques to help boost their crop
yields and quality of coffee beans.
The training is
part of the Coffee Made Happy project, a programme on boosting sustainability
of farming run by Mondelez International, which committed to invest at least
US$200 million to empower one million coffee farming entrepreneurs in
coffee-growing countries including Peru, Viet Nam, Brazil and Indonesia by
2020.
About 100,000
Vietnamese coffee farmers are expected to benefit from the programme during
the next two years, according to the global coffee company.
Mondelez International's
Global Coffee President Hubert Weber said the programme focused on helping
farmers to become more successful entrepreneurs by working with partners to
improve their coffee production and business skills.
"Farmers would
learn how to manage their business more effectively through simple tools like
profit-and-loss log books and they will also have a chance to use new skills
to grow more coffee with fewer resources, leading to more productive and
profitable farms," he said.
Deputy Director of
Crop Production Department under the Ministry of Agriculture and Rural
Development Pham Dong Quang said that although coffee was a key crop for Viet
Nam, the sector was facing major challenges including poor links between
farmers and enterprises, large aging coffee areas and limited farming
techniques that reduced the quality of beans.
Last month, the
Prime Minister approved a national plan on restructuring agriculture
including coffee farming, he said, adding that the country would maintain its
Robusta coffee growing area and expand the Arabica coffee area, while
re-cultivating 150,000ha of aging coffee trees and boosting application of
Good Agriculture Practices and links among growers and enterprises.
Last year, Viet Nam
had about 622,000ha of coffee, producing 1.3 million tonnes, making the
country one of the world's top coffee exporters. There are 500,000 households
growing coffee, mostly in the Central Highlands (Tay Nguyen).
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Chủ Nhật, 7 tháng 7, 2013
Business
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