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BUSINESS IN BRIEF 18/11
Fruit,
vegetable exports likely to earn 1.4 billion USD
Data
from the ministry shows that the 10-month export value met the set target of
1.2 billion USD.
Neighbouring
Apart
from traditional markets, Vietnamese enterprises have been boosting the
export of these commodities to new ones such as Hong Kong (
The
ministry attributed such a strong performance to local fruit and vegetable
meeting safety and quality requirements as well as to their competitive
prices.
Last
year,
RoK
funds US$6.5 mil for green urban planning project
A
delegation from the Korea International Cooperation Agency (KOICA) discussed
plans for a green urban project in
The Korean
Government and the World Bank (WB) have agreed to fund the three-year US$6.5
million project located in the Yen Binh Urban Area in Thai Nguyen province
and Rach Gia city in Kien Giang province.
KOICA
Deputy Chief Representative in Vietnam Kim Sik Hyon said the RoK has to
devise a separate action plan for each locality and to use the most modern
planning support software of the Architecture & Urban Research Institute
(AURI) to carry out the project.
Businesses
still struggle to cut through red tape
More
than 20 percent of the central city's 15,000 businesses complained of arduous
delays or informal charges to access information regarding licences for land,
construction and businesses.
Vice-chairman
and general secretary of the city's Association of Small and Medium Sized
Enterprises, Nguyen Van Ly, told Vietnam News on November 13 at the start of
a project to improve business administrative procedures and access to
information.
The
project, developed by the city's Centre for Promotion of Human Resources
Development, aims to help businesses cope with administrative procedures,
increase transparency and landscape the investment environment.
The
project, which won an award from the Vietnam Anti-Corruption Initiative
Programme co-organised by the World Bank and the Government Inspectorate of
Vietnam, will survey 300 businesses for ideas on promoting transparency and
improving Provincial Competitive Index (PCI) numbers.
"Most
businesses in the association ask for reform that creates a one-stop shop
that dismantles excessive procedural barriers," Ly said.
"Enterprises
waste time dealing with endless series of procedures to get land,
construction and business establishment certificates. They often pay informal
fees to some middle man at some department to quicken the process," he
said.
Despite
making considerable administrative reforms,
Doan Thi
Thanh Thuy, an owner of a private company in the city, said she had to waste
too much time to get a licence.
"A
land allocation licence took me two weeks or more. I had to go back and forth
with lots of paper, getting permissions from several departments, including
natural resources and environment, planning and investment, industry and
trade, health and grassroots administration," she said.
"Businesses
could save time if all the departments and agencies came together to form a
one-stop shop to help businesses pay fees and get licensed," she said.
Vice-director
of the city's Internal Affairs department, Che Viet Son, said the city has
incorporated new digital procedures in 1,200 public services, and built a
data centre and consultant office at the Software park to assist businesses
and local residents.
Le Duc
Vien, deputy director of the Centre for Promotion of Human Resources
Development, said she hoped the recently awarded project speeds up the city's
administration reform.
According
to a 2012 survey in
Vien
said the project would target 70 percent of the enterprises previously
surveyed to help them build administrative skills and improve relationships
between businesses and leadership.
A
national survey by the Vietnam Chamber of Commerce and Industry also revealed
similar problems. According to the survey, 75 percent of businesses from 63
provinces and cities said that they had to get investment information from
personal relations, and 40 percent of businesses complained of excessive
delays or informal charges to access information.
Cushman
& Wakefield forecast on November 13 that Asia-Pacific region, including
According
to James Hawkey, the firm’s Managing Director of the Asia-Pacific retail
team,
Although
middle-income earners increase rapidly in
Domestic
retailers outweigh international ones in terms of updated information on
space and customer demands whilst foreign brands have advantages in capital
and experience, noted Matthew B. Winn, Managing Director of Cushman &
Wakefield’s global retail team.
However,
they are able to share the market, contributing to diversify the market and
better serve customers, he said, adding that with the presence of global
brands, domestic retailers will have to improve their product quality and
patterns as well as services.
According
to
Especially,
It is
estimated that the city will see additional 1.5 million sq.m of retail space
in the next 5-7 years.
Meeting
boosts US investment in Vietnam
Nguyen
Chi Mai from the ministry’s Vietnam Competition Authority said that the
Vietnamese Government always esteems US investors, reflected by its efforts
to promote cooperation and facilitate
As many
as 25 leading
Vice
Chairman of the Dong Nai provincial People’s Committee Nguyen Phu Cuong said
major
Representatives
from the Ministry of Industry and Trade, the provincial People’s Committee
and the US Consulate General also answered businesses’ queries relating to
the import and export of goods from and to the
Vietnamese
enterprises expect the
The
Meanwhile,
Vietnamese investors are running 141 projects in the
Vietnamese
farm produce introduced in Italy
Representatives
of
They
also briefed about
Many
participants at the event showed their interest in
Pierluigi
Bianco, owner of the Biancaffé trademark, said Vietnamese coffee has been
favoured in the global market, hoping for the establishment of a
Biancaffé-branded coffee chain in
The
annual
Deputy
PM urges speed on one-stop border shop
Deputy
Prime Minister Nguyen Xuan Phuc on November 13 told authorities in the
central
The
model aims to minimise the number of offices one has to visit as well as the
amount of paperwork to complete at the international border gates in Lao Bao
and Savanakhet province’s Densavan.
The
model is scheduled to have a trial run next January.
The
Deputy PM said a number of problems could hinder the implementation of the
model as the two countries have not been able to sign an agreement on the
procedures and certificates of medical quarantine or customs papers.
The
infrastructure and facilities to serve customs officers at the border gates
are still inefficient, he said.
Phuc
also urged the province to focus on mobilising human resources for the model,
promising that if necessary, the Government will consider supporting the
province further.
Noting
that the
Earlier,
the national steering committee of the ASEAN one-stop-shop mechanism launched
a project to create national single windows (NSW) at international seaports.
A single
window allows trading partners to declare imports/exports when transiting to
and from their countries at only one service point.
Deputy
PM Vu Van Ninh highlighted the significance of the project, which comes at a
time when
The
adoption of single windows sets the scene for
Eight
different ministries and sectors are involved in the procedure. They are
expected to join the system and promote
The
system will initially be applied at seaports in Hai Phong,
ASEAN –
leading trade partner of
ASEAN is
the second largest supplier of goods to
In the
nine months leading up to October,
Vietnamese
businesses exported US$13.64 billion worth of goods to ASEAN, just up 0.3%
and accounting for 12.4% of the country’s total export turnover to the world
market.
Products
that witnessed a high growth rate include crude oil, iron and steel,
machines, equipment, tools, rice, garment and seafood while computers, other
electronic products and components, telephones, petroleum and means of
transport saw a declining export value.
Meanwhile
Imported
products with a high growth rate were petroleum, wood and timber products,
machines, equipment, tools, oil products, plastic raw material, fruits,
normal metal, telephones and components while other products seeing slight
decrease included crude oil, fertilisers, animal food, milk and dairy
products.
According
to the Vietnam Customs’ statistics, Singapore is the largest trade partner of
Vietnam in the the first 3 quarters of this year, following by Malaysia,
Myanmar, Thailand, Cambodia, Indonesia, Laos, the Philippines and Brunei.
Vinacomin
promotes scientific and technological development
The
According
to a report by the Vinacomin-Institute of Mining Science and Technology, in
recent years, Vinacomin has been very interested in the application of
science and technology in production and business activities.
The
corporation has developed 10 key scientific and technological programmes,
contributing to ensuring labour safety and hygiene as well as effectively
using resources and energy towards sustainable development.
According
to Vinacomin-Institute of Mining Science and Technology Director Tran Tu Ba,
in the first nine months of this year, research and development activities
and scientific and technological services have achieved good results. Total
value of output reached an estimated 220 billion VND, equal to 88 percent of
the yearly plan. Of which, revenues from technology transfer and service
contracts stood at 138 billion VND while sales from production and business
activities totalled 55 billion VND.
Vinacomin
has encouraged young workers to participate in the creative movement.
Initiatives to be applied in practice have brought high efficiency,
contributing to improving product value.
According
to Vinacomin General Director Dang Thanh Hai, in order to create a
breakthrough in the application of science and technology in production, the
corporation would concentrate on enhancing labour productivity, reducing
production costs and improving the competitiveness in the coming time.
In terms
of information technology, the corporation will apply IT in all fields of
production and businesses such as managing flows of coal and minerals. These
applications must be implemented uniformly in the corporation.
The
renewal of business administration, the development of international
relations and the market expansion are also the corporation’s top priorities.
The real
estate sector is ranked second in FDI, accounting for 11%, equivalent to US$1.2
billion.
The
newspaper stressed
According
to the paper,
Textile
and garments, chemicals, agriculture and fishery are the sectors where
“
The
present two-way trade was US$8 billion in 2013-14 and the two countries have
targeted US$15 billion by 2020.
The two
countries are contemplating to conclude the Preferential Trade Agreement
(PTA) to reduce more custom tariff.
As
"We
are excited to learn from international partners in clean and environmental
technology," Dao Anh Kiet, director of the city's Natural Resources and
Environment Department, told the opening of a seminar titled "Swedish
innovation contributes clean technology globally" on November 11.
Ha Minh
Chau from the department's Climate Change Office said the city generated over
40 million cubic metres of wastewater and without efficient treatment, the
waste has badly affected the quality of both surface and ground water.
There
was also severe air and noise pollution, he said, while only a small portion
of the solid waste was treated, with most of the rest being buried.
"To
improve the situation, clean technology to treat environmental pollution and
cope with climate change is imperative."
Harvesting
rainwater was very important to improve water resources and reduce pressure
on the sewerage system, he said.
Pham
Ngoc Hoang, director of Hoang Ha Trading – Construction – Production Company,
said renewable energy offered private businesses a new business opportunity.
"Renewable
energy will help mitigate problems like burgeoning population, increasing
energy use, volatility in the prices of oil and oil products, rising fuel
consumption and falling output, and use of coal for electricity
production."
The
country also has the potential to produce 10 billion m3 of biogas each year.
Agricultural
by-products like rice husk, wood chips, straw, and urban waste were all
renewable energy sources, Hoang said.
But the
biggest challenge for the industry is the high cost of production and
technology, which is exacerbated by the difficulty in obtaining finance.
The lack
of surveys on natural resources — including their measurement and evaluation
– and the dependence on weather are other difficulties.
"We
need assistance from the Government and investment from international
organisations to develop the [renewable energy] industry," he said.
At the
seminar, Swedish companies like Blab
"This
is a good chance for the two nations' enterprises to exchange experiences in
research, cooperate in clean technology development, and find sustainable
ways to treat nature," Annika Rembe, director general of the Swedish
Institute, said.
The
Mekong Delta’s key economic sector, agriculture-aquaculture-forestry, is
attracting foreign investors, especially from
The
sector, which accounts for 35.3 percent of the region’s economy, plays a strategic
role in driving the region’s economic growth, experts said.
Recently,
a large number of enterprises from
Several
Japanese firms selected Dong Thap as a destination for their investment.
Besides,
the Mekong Delta province is planning to establish a 10,000ha rice
cultivation area, applying the large-scale paddy field model.
Experts
said this is expected to pave the way for other foreign capital sources to
flow into the region.
However,
they also underscored the need to provide incentives for investment in
agriculture, develop infrastructure, apply advanced technology and suitable
agricultural production models, and accelerate agricultural restructuring in
a bid to attract more investment.
A number
of banks and real-estate businesses have invested billions of USD in
agricultural projects in the region. This sends a positive message to foreign
direct investors in the sector.
At present,
Mekong Delta provinces are calling for investments in over 100 projects,
including agricultural projects.
As the
largest farming area in the country, the region accounts for 40.7 percent of
the national agriculture and forestry output, 53.4 percent of rice, 70
percent of fruit and 68.7 percent of seafood. Ninety percent of the country’s
rice export volume and 70 percent of seafood export turnover originate in
this region.
According
to the Ministry of Planning and Investment, as many as 903 foreign direct
investment (FDI) projects worth 11.8 billion USD were operational in the
region by the end of September this year, with only 52
agriculture-forestry-aquaculture projects worth 242.5 million USD.
During
the first six months of this year, the region recorded an economic growth
rate of 8 percent.
In order
to promote sustainable growth and attract more FDI capital to the region,
especially in agriculture, experts said it is essential to improve the
investment climate and bolster regional links in the near future.
Agribank
musters up loans for Mekong Delta
The
Vietnam Bank for Agriculture and Rural Development (Agribank) plans to muster
up its loans for the key economic region of Mekong Delta.
Pham
Hong Son, head of the bank’s customers division, said that Agribank will pour
cash into the region, a large market that is yet to be fully tapped, with a
view to boosting its economic growth.
Despite
difficulties, Agribank loans given to the delta have increased from 84,960
billion VND (4 billion USD) from 74.3 trillion VND (3.5 billion USD) in 2012
to 85 trillion VND (4.07 billion USD. The amount in the first nine months of
this year was 86.6 trillion VND (4.1 billion USD), accounting for 15.48
percent of the country’s total loan.
Areas
that see the largest amount of loans are agriculture, aquaculture, retail and
whole sales, import-export and production industry.
Agribank’s
customers in the region now number 886,780, making up 24.34 percent of the
bank’s total in the country, Son said.
In order
to make this capital effective, he suggested the Government and the State
Bank provide state-owned and private enterprises with an equal access to
loans and facilitate their settlement of loan-related issues while launching
policies to support training and stabilise the export price of agricultural
products.
The
State should create conditions for small- and medium-sized enterprises to
dominate the domestic market, he added.
Express
delivery firms invest in more technology
Domestic
express delivery companies have invested in technology to meet increasing
demand in the delivery of goods through domestic e-commerce.
According
to the
Meanwhile,
the Ministry of Information and Communication has reported that the domestic
e-commerce market has often achieved two-digit revenues each year in previous
years.
To take
advantage of opportunities, express delivery companies should improve the
speed of and fees for delivery to increase competitiveness in the market,
said the association.
The Thoi
bao Kinh doanh newspaper quotes Nguyen Quoc Vinh, deputy general director of
Viet Nam Postal Corporation (VNPost), as saying that VNPost plans to invest
in the development of services for e-commerce customers as a key business
strategy for the future.
VNPost
holds the largest share at 37 per cent of the domestic express delivery
market and has seen potential market opportunities.
It aims
to take full advantage of its postal delivery system nationwide by investing
in workforce development for e-commerce activities as well as service
products and equipment development to better manage orders and deliveries for
e-commerce.
DHL-VNPT,
which holds the second largest domestic market share at 15.28 per cent, has
invested US$10 million to further expand its market, including the purchase
of modern equipment and the opening of more delivery centres in large cities.
Viettel
Post, which holds the third largest domestic market share at 10.08 per cent,
has built a system for delivering goods and postal products to 95 per cent of
districts and communes in 63 provinces and cities nationwide.
Hoang
Quoc Anh, Viettel Post general director, said each year, the company invested
three to 5 per cent of its revenue in technology to reduce delivery time and
fees for the express delivery of goods.
The
company planned to modernise equipment to control the quality of delivery and
save on petrol costs.
Anh
revealed that revenue from delivery orders of e-commerce customers had grown
by 35 to 40 per cent.
Online
trading activities are expected to increase in the future, along with express
delivery requests, thereby creating more business opportunities for express
delivery companies, according to Anh.
Vinh
agreed with Anh, saying customers would be expecting more in the future
regarding the quality of goods sent using express delivery services.
The
ministry says
Demand
still low but economy on recovery path: HSBC report
After
two high credit growth episodes in 2007 and 2009, which led to high
non-performing loan ratios and damaged consumer confidence,
HSBC's
"
While
inflation eased to 3.2 per cent year-on-year, retail sales recorded a slowing
growth at only 11.1 per cent, as of October.
Despite
weak domestic demand, the HSBC Purchasing Managers Index rose to 51 in
October, the 14th straight month of expansion. Exports and employment indices
also rose to just above 53.
In the
medium term forecast,
"We
have long argued that
"Despite
sluggish global and domestic demand,
Since
the global financial crisis,
In 1997
merchandise exports were only US$7 billion, last year they were $132 billion.
The report predicts that goods exports will reach $151 billion by the end of
2014.
Output
is expected to continue to grow next month as new orders minus inventories is
still positive.
The
rapid expansion of exports and slowing import growth helped turn the trade
balance positive in the last three years. A surplus of $1.8 billion is
expected in 2014 and $0.5 billion next year.
"We
believe trade, especially more diversified and increasingly capital-intensive
agriculture and manufacturing exports, will help
"The
country still has excess rural and urban working age people to productively
absorb into the labour force," said the report. Using cheap wages and
improving infrastructure to attract capital-intensive manufacturing is the
fastest way, according to the report, to provide jobs to the country's eager,
literate and young populace.
The
rapid expansion of the employment sub-index is the most encouraging indicator
for the future growth of
Oil is
currently at $86 a barrel, representing a 19.1 per cent year-to-date decline.
Since
then, net trade of oil has been largely balanced, if volatile. As of October,
But
trade costs are not
This
year revenues have grown by 16.9 per cent year-on-year. Government spending,
excluding principal payment, increased by 11.5 per cent by the end of the
third quarter.
"While
we expect lower oil prices to be a drag on
The
report proposes that if
Bank,
firms tackle money laundering
The Viet
Capital Bank, the technology consulting firm Komtek Corporation and FircoSoft
signed a cooperation agreement yesterday that would help the bank prevent
money laundering and terrorism financing.
FircoSoft's
watch-list filtering solutions would help the bank filter customer and
counter-party information and recognise those on black lists, said Pham Anh
Tu, deputy general director of Viet Capital Bank.
The
agreement is part of its plan on anti-money laundering until 2018, enabling
it to mitigate business risks and ensure its reputation by strictly
implementing the Government's regulations on the prevention of money
laundering and terrorist financing, he said.
According
to the Viet Nam Banks Association, money laundering and terrorist financing
have become a top concern of countries and international organisation in the
last 20 years as they both threaten the transparency of the global financial
system.
In
recent years, money laundering activities had shifted to developing
countries, including
As banks
become more globally integrated, commercial banks must improve their risk
management to international standards, she said.
More
than 600 banks worldwide, including large financial institutions, rely on
FircoSoft to filter transactions, customers and watch lists to ensure
compliance with regulations on terrorist financing and anti-money laundering
transactions, according to Xuan.
Central
bank inspection aims to uncover credit violations
The
State Bank of Viet Nam (SBV) has announced that its current inspection of
banking operations was focusing on fields of high risk, especially credit
activity and financial investment.
The SBV
was responding to petitions of voters who wanted a speedier SBV inspection to
clean up credit activity. The SBV said it has joined concerned organisations
in handling violations of credit institutions such as excess lending limits,
lending to ineligible entities and improper use of capital as revealed in
inspections conducted in line with established laws and regulations, reports
vneconomy.vn
In 2014,
the inspections focused on clarifying the banking system's credit quality as
well as banks' compliance with regulations on lending limits to ensure the
credit institutions' operational safety. In the first nine months of 2014,
inspectors raised more than 7,400 proposals for changes after carrying out
nearly 900 inspections.
A total
administrative fine of VND1.263 billion (US$59,500) and another $900 in fines
were imposed in 130 cases of violations.
In
October, the Government issued Decree 96/2014/ND-CP on administrative
sanctions for monetary-banking infringements which takes effect on December
12.
The new
decree called for tougher punishments, possibly including billions of dong in
fines, on administrative infringements of the monetary and banking sectors.
Binh
Duong pledges to provide investor incentives
Authorities
in this southern province have promised to create the most favourable
conditions for investors to develop their production and business.
Tran Van
Nam, vice chairman of the provincial People's Committee, made this
announcement at a working session with a Japanese business delegation that
visited the province to explore investment opportunities there last Tuesday.
Standard
Chartered Bank hires CBRE for global asset advice
CBRE
Group Inc has been appointed by Standard Chartered Bank to provide asset
management and lease administration services across its commercial property
portfolio.
Under
the global contract, CBRE's global corporate services group will deliver
transaction management, estates management, strategy and lease administration
services for a portfolio of 15 million square feet in Europe, the
Paul
Nellist, head of asset management, group CRES at Standard Chartered Bank
Limited, said: "Consolidating all of our existing suppliers under the
umbrella of one provider allows us to generate operating efficiencies and deliver
investment capacity through a more optimised portfolio."
UK
thread maker launches global consultancy in Viet Nam
Coats,
the world's leading industrial thread maker, launched a consultancy business
at a ceremony held in
Coats
Global Services will help manufacturers and brands make a difference to their
operations through a range of productivity improvement tools and processes
like lean manufacturing, shop floor training, and colour management.
Paul
Forman, group chief executive of the UK-based Coats, said, "Viet Nam has
been and will continue to be one of the top three countries in terms of
investment for Coats plc in the coming years."
Twenty
five years after its establishment, Coats Phong Phu has been one of the very
fastest growing businesses in terms of sales, it is one of the biggest
businesses worldwide and a good profit contributor to the group.
"It
has been one of the biggest and definitely one of the most successful joint
ventures we have in the world."
Demand
for threads is expected to increase in
Investors
look to lease property
Last
year, most apartments in
A survey
of 5,000 customers by a property trading floor in Ha Noi over the past three
years shows that long-term investment in high-end apartments for leasing in
the centre of the city has increased from 11 per cent in 2012 to 15 per cent
in 2014.
About 20
to 25 per cent of customers buy an apartment with the intention of leasing,
said the property trader.
Investors,
who buy apartments from high-end projects in Ha Noi and
The
investment is considered more profitable than putting money in banks.
Tran
Binh, an investor in
The
income from a rental house is not high but it is stable, he added. Investors
also expect that housing prices will increase as the property market is
warming up.
Buyers
are often encouraged with the offer of rental services by developers. For
example, development companies in the Watermark project introduced a
programme of supporting buyers to find customers and committed to a rental
yield of seven per cent per year.
According
to the property-service provider CBRE Group, the number of customers asking
for apartments to lease has increased. The rental prices now range from
$2,000 to $4,000, nearly double that for the same period last year.
However,
the supply of high-end apartments in central districts in Ha Noi is expected
to narrow following Decision 996/QD-TTg signed by Prime Minister Nguyen Tan
Dung to end construction of commercial housing projects in the area.
The
decision is a part of a programme on housing development in Ha Noi for
2012-2020 and towards 2030. Priority will be given to construction of urban
areas and residential areas on the city's outskirts. The decision also puts a
temporary end to new commercial housing projects in the city's four downtown districts
- Dong Da, Hoan Kiem, Ba Dinh, Hai Ba Trung and part of southern Tay Ho
District.
Experts
said although leasing apartments was an attractive investment, customers,
mainly foreigners, mostly showed interest in apartments in the centre of the
city with good security.
Labelling
on beer worries producers
Stamp-labelling
on beer products has stirred the concern of Vietnamese producers and
specialists, who noted that the purchase of the required stamps would raise
business expenses by several billion dong.
A draft
decree on the management of beer production requires stamp-labelling on beer
products.
Nguyen
Van Viet, president of the Viet Nam Beer-Alcohol-Beverage Association (VBA),
said this practice would reduce Vietnamese businesses' competitiveness by raising
business costs at a time when the country was set to approve free trade
agreements (FTAs).
Viet
told a brainstorming conference on the decree which his association organised
here recently that stamp-labelling for bottled beer was a waste since all the
required information was already printed on the bottle.
Beer
producers will have to make and label stamps and clean labelled bottles, he
noted.
The
Ministry of Industry and Trade (MoIT) said stamp-labelling aimed to manage
the entire beer manufacturing process, from production, import, distribution
and retail selling, and thereby help prevent trade fraud, smuggling and the
production of counterfeit goods, as well as protect consumers and producers.
The MoIT
noted that the labelling would also increase the tax collection for the State
budget and reduce tax violations.
However,
Viet said the aim of limiting fake beer and alcohol products as well as tax
arrears did not reflect reality because big beer producers in
Phan
Dang Tuat, Sabeco chairman, agreed, saying stamp-labelling would cost VND920
billion (US$43.8 million) a year or VND696 per litre of beer.
A
previous calculation from Habeco showed that average beer consumption in
Tran
Dinh Thanh, Habeco deputy general director, said the technical requirements
of stamp-labelling would require enterprises to invest in new machines. Only
three or four countries in the world have applied stamp-labelling, so the
supply of machines and equipment for the purpose remained limited, he added.
However,
the finance and industry and trade ministries insisted that the regulation
was necessary.
Bui
Truong Thang, deputy head of the MoIT Light Industry Department said
businesses should calm down as this practice would be a State management
tool.
Thang
said a joint team of the ministries had been organised to implement the
stamp-labelling project.
The team
has completed the required documents for inviting domestic and foreign
suppliers to provide technology and solutions for stamp-labelling.
Huynh
Van Nam of the Ministry of Finance's (MoF) Tax Policies Department said
previous stamp-labelling experiences showed that the emerging issue was the
expense involved and whether the Government or businesses should pay for the
cost.
If
companies pay for the cost, their profit will be slightly reduced, but not
affecting workers' incomes or consumers' expenses, he added.
Source:
VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
|
Thứ Hai, 17 tháng 11, 2014
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