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BUSINESS IN BRIEF 11/6
French
medical companies to tour Vietnam
On June
16-17, representatives of prominent French medical companies will visit
According
to statistics from the French Trade Promotion Agency (BUSINESS FRANCE),
revenues from
The
agency said over 90% of
However,
the health sector is facing numerous challenges- poor health check-ups
and hospital overload.
French
businesses touring
The
Finance Ministry has submitted to the government amendments to a decree on
foreign ownership in Vietnamese listed firms, with changes "in line with
World Trade Organization commitment", minister Dinh Tien Dung told a
business forum in
WTO
commitments mean no limits for foreign ownership in Vietnamese firms, except
for sectors under specific laws and sectors related to national security,
according to the State Securities Commission, the stock market watchdog.
Foreigners
are now restricted to 49% of Vietnamese equities excluding banks where they
have a 30% limit.
Master
plan on hi-tech industrial parks approved
The
Prime Minister has recently approved a master plan on developing high-tech
industrial zones through to 2020 and a direction to 2030.
The
master plan aims to create high-tech zones nationwide, contributing to
promoting high-tech and socio-economic development in localities and regions,
improving the growth model and the economy’s competitiveness, increasing
hi-tech application in products and accelerating national industrialisation
and modernisation.
Under
the master plan, by 2030 national hi-tech zones, namely the Hoa Lac Hi-tech
Park in
Hi-tech
zones invested by the provinces and cities will also be established,
including the
Hanoi
has spent up to 20 billion VND (952,000 USD) a year on developing centralized
aquaculture breeding areas in a bid to protect the environment, prevent
epidemic diseases and protect food safety.
The
city’s Department of Agriculture and Rural Development has also organised
periodic inspections of aquaculture businesses to ensure food safety while
increasing community awareness of protecting aquatic resources.
The
department has supplied medicinal, chemical and biological products for
centralized breeding areas and intensified quality management.
In
response to the Aquatic Resource Protection Day (June 5) this year, 356
households in the city has committed to not use electrical pulses or toxic
substances or explosives to exploit aquatic resources.
Vietnamese
products featured in the RoK
Vietnamese
products are being showcased during a week of Vietnamese goods which opened
on June 8 at Emart Supermarket, one of the largest retailers in the
The
event, jointly held by the Ministry of Industry and Trade (MOIT) and Emart
retailer, aims to introduce Vietnamese goods to customers in the host country
as well as establish distribution channels between Vietnamese producers and
importers from the RoK.
On the
display at the bamboo-decorated booth are Vietnamese tropical fruits, coffee,
frozen seafood, garments and wooden furniture which are drawing a raft of
visitors and consumers.
Duong
Hoang Minh, Deputy Head of the MOIT’s Department for the European Market,
said the event is part of the Government’s project to popularise Vietnamese
products in foreign markets.
He said
that the event was organised in the RoK after it was successful implemented
in supermarket chains in
In a
meeting with Emart officials after the inauguration ceremony, a
representative from the Ministry of Industry and Trade said the event not
only carried an economic message but also served as an impetus to consolidate
the sound relations between the two countries.
Emart
pledged to back
The MOIT
committed to take measures to support foreign importers in general and the
RoK importers in particular to enable Vietnamese products to more deeply
penetrate foreign markets.
Local,
overseas economists join annual meeting in Thai Nguyen
The 8 th
Vietnam Economists Annual Meeting (VEAM 2015) took place on June 9 in
northern Thai Nguyen province, bringing together leading economists,
lecturers and experts from
The
meeting was jointly organised by
Addressing
the workshop, Deputy Director of Thai Nguyen University Dang Van Minh
believed the event would serve as a bridge between Vietnamese and foreign
economists as well as Thai Nguyen University and other local and overseas
universities and research institutes.
It is
also a good opportunity for
During
the two-day meeting, participants attend four plenary sessions and 28
parallel sessions discussing papers on the economy, finance, banking and
economic management-related issues.
The VEAM
is an annual meeting to expand the network for economic research cooperation
between experts worldwide and provide a platform for Vietnamese researchers
to present their studies and solicit feedback from their peers.
The
event runs through June 10.
Vietnam,
RoK seek cooperation in construction, transport
Cooperation
in research and technology transfer on construction, infrastructure and
transport between
Speaking
at the conference, Deputy Minister of Science and Technology Tran Van Tung
highlighted infrastructure and transport development as one of three key
areas in the national strategy for socio-economic development by 2020.
He said
the conference was held for scientists and businesses from
The
official also noted that the Ministry of Science and Technology (MoST) has
worked on several programmes to facilitate the transfer of new advanced
technologies from overseas to Vietnam and suggested enterprises seek support
from these programmes.
The
conference focused its discussion on the demand for technology from
Vietnamese businesses alongside
The same
day, the Construction Science and Technique Association of Ho Chi Minh City
and a RoK association on new technology in construction and transport inked
an agreement on a joint initiative to apply advanced technology in civil and
industrial construction.
Society
values successful businessmen more than ever, leading almost 70 percent of
Vietnamese adults to desire to run a business, Dr Luong Minh Huan from the
Institute for Business Development said during a start-up forum held on June
9.
Huan’s
statement was drawn from a study report of the Global Entrepreneurship
Monitor (GEM) which polled 2,000 adults and 36 experts in
Based on
the overall results, the GEM recommended
At the
forum, participants stressed the importance of launching research and
development processes to boost overall quality and effectiveness.
They
also put forth a number of entrepreneurial capacity-building measures for
local firms to access capital sources, manage finances and train staff.
They
proposed promoting a start-up environment in
According
to Vuong Dinh Hue, Chairman of the Party Central Committee’s Commission for
Economic Affairs, programmes to develop local entrepreneurship need to
include households and students.
The
forum was co-organised by the Party Central Committee’s Commission for
Economic Affairs and the Vietnam Chamber of Commerce and Industry (VCCI).
Twelve
prawn exporters get four-star aquaculture certification
Four-star
is the highest level of the BAP standards presented by the Global Aquaculture
Alliance that ensure healthy seafood produced through environmentally and
socially responsible means.
Vietnam
has had twelve businesses receive four-star BAP certifications out of 67
general BAP recipients, while India has two of 73, Thailand has seven of 68
and China has two out of 26.
The
country is the biggest prawn exporter to
Vietnam
should take full advantage of its role as the world’s leading tiger prawn
provider by providing stable supply and excellent processing capabilities to
expand its markets, the VASEP noted.-
Can
Tho: 44.1 mln USD spent on three hi-tech agricultural zones
The
Mekong Delta city of
Tam
underscored that it is vital to apply advanced technology to improve the
quality of cultivated crops and cattle, saying agriculture is a key economy
in the city. He highlighted that the zones will become operational by 2020,
ensuring the supply of farm breeding.
The
20-hectare agricultural zone set up in Thoi Thanh commune, Thoi Lai district
will provide high-quality varieties of plant, flower and aquatic animal. The
zone will include laboratory bio-technology using electrolytic dissociation
methods and seed cleaning machines.
Meanwhile,
244 hectares have been zoned off in Thoi Hung commune, Co Do district to
focus on building breeding systems and processing farm produce using advanced
technologies. The 26-million USD zone will be built with greenhouses and
facilities equipped with spectrum filter layers to protect against the heat.
The
third agricultural zone in the city spreads across 100 hectares in Thach Phu
commune, Co Do district, specialising in producing purebred rice,
high-quality rice and aquatic products.
The Vice
Chairman said that enterprises investing in the agricultural zones will enjoy
preferential treatment from the Government and locality such as import tax
reduction and support to build infrastructure, deliver job training, develop
the market and organise exhibitions.
Forum
calls for support to private sector
Key
participants at the Vietnam Business Forum called for more specific and
practical solutions and measures to support the development of private, small
and medium-sized, and foreign-direct-investment (FDI) enterprises.
Vu Tien
Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said
the private economic sector contributes nearly 50 percent to the national
gross domestic product.
In the
long term, the private sector must be
To
achieve that goal, representatives of the business community recommended the
Government create action plans to encourage the development of the private
economy.
Virginia
B. Foote, Co-Chairperson of the VBF and Chairwoman of the United
States-Vietnam Trade Council, appreciated the efforts made by the Vietnamese
Government and ministries to support the formation and development of the
business community.
She
underlined that despite positive changes in the new Investment Law, there are
still 267 sectors requiring FDI enterprises to apply for permission to
conduct business.
It seems
to be a measure to protect local private enterprises, but according to Foote,
in many countries the policy has yet to produce more beneficial results than
open policies.
Allowing
private companies, especially those with access to capital and human
resources, to deeply integrate and operate on a fair playing ground with FDI
enterprises will benefit
At the
forum, representatives of associations, FDI enterprises and international
organisations agreed that
Public
investment reform, the equitisation of State-owned enterprises, streamlining
administrative procedures and other areas need concerted efforts, according
to participants.
Hau
Giang eager for investments in irrigation
The Mekong
Delta
Over the
past year, the province has invested hundreds of billions of Vietnamese dong
in developing a closed dike and sewage system to store fresh water and
prevent salt water from intruding.
The
locality has also mobilised community resources to dig hundreds of channels
to effectively supply water to crop fields.
The
province has to date constructed more than 900 closed irrigation systems
worth a total of nearly 500 billion VND (23.36 million USD).
Each
facility spans between 30-100 hectares.
Hau
Giang has 83,000 hectares for rice cultivation and 30,000 hectares of fruit
tree and sugar cane growing area.
According
to the sector, irrigation facilities have ensured the supply of water for
65,000 hectares, or nearly 50 percent agricultural production coverage.
Ca
Mau makes efforts to develop its maritime economy
The
southernmost province of Ca Mau has set three priorities to develop its sea
and islands economy through 2020.
The plan
includes the expansion of offshore fishing fleets, the development of fishery
logistics services and the promotion of maritime tourism.
The
province is accelerating the implementation of policies under Government
Resolution 67/2014/ND-CP, including supporting fishermen in building
high-capacity, iron-coated vessels designed for offshore fishing.
In
parallel with sea exploitation, Ca Mau will focus on developing fishery
logistics services, including service boats to deliver goods and materials
from the mainland to fishing vessels at sea.
Inland
logistics centres for ship repairs and seafood processing are also a
priority.
The
province is making efforts to develop islands with favourable natural
conditions and abundant potentials for sea and island tourism.
Currently,
Ca Mau is calling for investments to develop the pristine Hon Khoai Island,
15 kilometres off the coast of the mainland, into an eco-tourism site by
2020.
Ca Mau’s
annual seafood exports yield about 1.3 billion USD.
Luxury apartment project sees high sales
Ninety-three
per cent of apartments in the property project Gateway Thao Dien in HCM
City's District 2 have been sold, according to the HCM City-based Son Kim
Land Company.
The
project was developed by Hong Kong-based private-equity, real estate and
financial investment company, the Hamon Group, and Son Kim Land.
The
US$100 million project provides 546 apartments, expected to be completed in
the fourth quarter of 2017.
Property
developments given go-ahead to continue
Following
a nationwide inspection of housing development projects, the Ministry of
Construction has decided to allow more than 3,100 of them to continue
construction.
Inspections
revealed that some 460 projects must adjust their structures in line with
their plans and market demand, while another 306 projects must halt their
construction.
The
ministry said that failure in raising more capitals saw most of the projects
being temporarily halted.
Savills
Vietnam launches Korean Desk
Joon-sun
Yoon has been officially appointed as Associate Director, Business
Development of Savills Vietnam, and will be in charge of the Korean Desk.
Yoon
received a degree in Master of Business Administration from Oklahoma City
University, the United States, and has had many years of experience working
with Korean clients at Savills Korea and other Korean real estate
corporations, such as CJ and Daewon.
Savills has
been closely working with many well-known Korean developers, investors,
occupiers, and retailers through its 20-year operations and growth in Viet
Nam.
The
newly-established Korean Desk will extend Savills' expertise to provide full
service platform to Korean enterprises and businesses in Viet Nam, as well as
other neighbouring markets, including Cambodia, Laos, and Myanmar.
Ha
Noi houses 40% of finished social apartments
There
are 58 social housing projects under development in Ha Noi, of which some 8,000
apartments have been completed, accounting for 40 per cent of the total
finished units in the country.
This
information was disclosed by Deputy Chairman of the municipal People's
Committee, Nguyen Ngoc Tuan, at a seminar on housing development for low-income
group in Ha Noi held early this week.
Tuan
added that this year, the capital city would complete more than 10,000 units
on a total area of nearly 800,000sq.m for low-income group. During 2016-20,
the city would put into use more than 15,800 units on a total area of 3.65
million sq.m.
The
Ministry of Construction's statistics show that the country needed about
700,000 social apartments during the 2012-15 period and another 200,000 by
2020. Social housing projects are in high demand in Ha Noi, HCM City, Da
Nang, Dong Nai, and Binh Duong.
Fertiliser
plants set for revamp
PetroVietnam
Fertiliser and Chemicals Corporation (PVFCCo) yesterday signed the EPC
Contract (Engineering, Procurement, Construction and Commissioning) with an
international contractor consortium to revamp the Phu My NH3 and NPK complex.
The
project, covering an area of over 15 hectares on the land housing Phu My
Fertiliser Plant at Phu My 1 Industrial Zone in southern Ba Ria-Vung Tau
Province, consists of two parts: revamping the NH3 Unit and build Phu My NPK
Plant.
The
complex project has a total investment capital of nearly VND5 trillion, some
US$37 million, 70 per cent of which will be financed by bank loans and
another 30 per cent by the owner's equity.
After
completion, the upgrading of the NH3 Unit will increase the current ammonia
output at Phu My Fertilizer Plant by 90,000 tonnes per year, from the current
450,000 tonnes per year to 540,000 tonnes. Plans call for adopting Denmark's
Haldor Topsoe A/S technology.
The EPC
contractors include Italy's Technip Group, previously the contractor for Phu
My Fertilizer Plant, and PetroVietnam Technical Services Corporation (PTSC).
The products from the plant will be used as direct feedstock for Phu My NPK
Plant, as well as to supply the domestic market, which still suffers from a
shortage of NH3.
Meanwhile,
the projected Phu My NPK Plant, with a manufacturing capacity of 250,000
tonnes per year, will put in place Spain's Incro SA chemical technology, the
most advanced technology in the world, to manufacture high-quality NPK
fertilizer, which will guarantee all necessary nutrients for crops at
different growth periods and under different soil conditions.
The
contractor consortium for the complex is Germany's ThyssenKrupp Industrial
Solutions and PetroVietnam Technical Services Corporation.
According
to the Ministry of Industry and Trade, demand for NPK fertilizer increased
from 2.1 million tonnes in 2005 to some 4 million tonnes in 2014, with an
annual average growth of 7 per cent. Yet, domestic production can currently
only meet 5 to 10 per cent of high quality NPK.
"Total
capital investment of the complex project is not large, in comparison with
other oil and gas projects, but it has great importance to the national
economy that helps ensure the country's agricultural sector,"
PetroVietnam's chairman, Nguyen Xuan Son, said during the signing ceremony.
Son
noted that Viet Nam was still importing around 300,000 tonnes of high-quality
NPK fertilizer per year, and the output from Phu My NPK Plant were expected
to replace most of the currently imported NPK fertiliser.
The
complex will be brought into operation during the second quarter of 2017.
$77.9
million Ha Tinh plant licence revoked
The Ha
Tinh Economic Zone Management Board has revoked the investment certificate of
Ha Tinh Steel Plant eight years after its issuance, according to newswire
Vnexpress.
The
plant, licensed in June 2007, was expected to garner the total capital of
VND1.76 trillion ($77.9 million), have an area of 26 hectares and to start
operation in August 2010 with a capacity of 250,000 tonnes in the first phase
and 500,000 tonnes in the second phase.
Ha Tinh
Iron and Steel Joint Stock Company (JSC) was the project’s investor, together
with two major shareholders, namely Van Loi Company and Hop Thanh Investment
and Mineral JSC, both located in Hanoi.
In the
2007-2010 period the project was delayed due to a lack of capital. At the
time, various banks having branches in the province lent the investors VND700
billion ($32.1 million) to continue its construction works.
Mapeltree
Business Centre starts construction in Saigon South
Mapletree,
one of the leading real estate investor from Singapore, has started the
second phase of the Saigon South Complex with the office tower Mapeltree
Business Centre, following the successful opening of SC VivoCity shopping
mall in late April 2015.
Mapletree
Business Centre, which will be completed in the second quarter in 2016, is an
international grade A development by Mapletree in Vietnam. The building is
located within the Saigon South Complex, a planned 4.4-hectare commercial
mixed-use development comprising of three office towers, two towers of
serviced apartments as well as Vietnam’s first SC VivoCity shopping mall.
According to the developer, the business centre will has 17 floors, providing
28.700 square metres.
It is
designed with international grade A specifications, the first of its kind in
the upscale District 7 of Ho Chi Minh City. With its accessible location
close to the city centre, the office space is well-positioned to meet
business requirements of multinational corporations in various industries
from information technology, research and development to back-of-the-office
operations of banking and financial services.
Experts
determine reasons for fruit congestion at border gates
The
Institute of Policy and Strategy for Agricultural and Rural Development has
conducted a field investigation to determine reasons for the annual
congestion of Vietnamese fruits in border areas with China, which has
occurred and plagued farmers for the last 15 years.
At a
seminar in Hanoi yesterday Dr. Nguyen Trung Kien from the institute, who led
a group of experts to conduct the investigation, said that they had done
surveys at border gates in Lang Son province and China’s sides to seek answer
for the issue.
China
has applied a tight quarantine process causing many fruit consignments from
Vietnam unable to enter that market. Meantime, Vietnam has long delayed the
construction of storage facilities in the border areas for fruit
preservation.
A more
important reason is from the weak competitiveness in packaging and price of
Vietnamese farm produce compared to Chinese goods. The trade between the two
sides has been done via brokers without any contracts.
Businesses
have rushed to transport watermelon, the most jammed product, for exports to
the neighboring market where the fruit’s farming area has much been expanded.
Chinese
watermelon quality is superior to Vietnamese fruits with lower price,
fetching only VND9,000 a kilogram in Nanning city.
“Their
watermelons are more eye catching and sweeter than our,” said Mr. Kien.
To
litchi, China has expanded farming area. Although their fruit is not as
delicious as Vietnam’s, their harvest season starts one month sooner in May
and the fruit has been transported across the border to flood local market.
Head of
the institute Nguyen Do Anh Tuan said the fruit congestion in the border
gates was a big concern of Vietnam’s agricultural industry.
Litchi,
dragon fruits and others have not been Vietnam’s sole advantages any more.
Chinese experts said that they can farm any fruit grown in Vietnam. They even
had tropical and temperate fruit farming zones, Mr. Tuan said.
Experts
at the seminar said that if Vietnam remained their old production and
consumption methods without any advances especially in science and
technology, it would not be able to boost exports across northern borderline
and might face the flooding of Chinese fruits in local market.
They
proposed authorized agencies to set up a body to investigate and do market
surveys to inform farmers and businesses so that they reschedule their crops,
build up a network of prestigious importers, link up businesses and farmers,
advance post-harvest processing technology to improve product quality as well
as hygiene and safety, and look for other potential markets beside China.
Long
Thanh airport construction necessary
The
project on building Long Thanh International Airport in the southern province
of Dong Nai has received particular interest, with the Party’s 13th Central
Committee’s 11th plenum deeming it a national project of special importance
and the National Assembly’s 9th session embracing its implementation.
The
airport, set to become an international aviation hub, is expected to meeting
the rapid growth of the aviation market, serving socio-economic development
in the southern key economic region, thus enabling the country to make the
most of its economic and tourism advantages.
The
southern key economic region with Ho Chi Minh City as the gateway, now
accounts for 46 percent of the national passenger volume. The Ho Chi Minh
City-based Tan Son Nhat international airport has been operating at full
capacity – 20 million passengers per year- since 2013 and is now being
upgraded to raise its capacity to 25 million passengers per year. However, it
is forecast that Tan Son Nhat will become overloaded in 2017.
According
to the Ministry of Transport, the upgrade of Tan Son Nhat airport to handle
40-50 million passengers is unfeasible, because it needs a vast area of 641ha
in Tan Binh, Go Vap and Phu Nhuan districts and a lofty cost of about 9.1
billion USD, exclusive of expenses for reconstruction of technical and
transport infrastructure.
Another
alternative - expansion of Bien Hoa military airport and increased
utilisation of some airports in the south is also less viable since they play
separate roles in each economic region and ensuring national defence and
security, the ministry said.
Meanwhile,
Long Thanh airport will lie at the heart of Southeast Asia, a good location
to serve the transition of passengers and cargo.
In
addition, Vietnam, with a population of more than 90 million, is forecast to
see rapid growth in air passengers. The International Civil Aviation
Organisation (ICAO) said that Vietnam will rank third among 10 Asia-Pacific
countries to see the highest number of air passengers. This is an advantage
for Long Thanh airport in competing against other facilities in the region.
Therefore,
the investment in Long Thanh airport is urgent and necessary, experts said.
‘Pepper
spray' hits coffee, rubber
Farmers
in the Central Highlands province of Dak Lak have chopped down some of the
area's most essential crops, coffee and rubber, to make room for the possibly
more lucrative black pepper plant.
After a
rapid increase in Vietnam's pepper cultivation, the area has reached 80,000
hectares.
According
to the Vietnam Pepper Association, the price of domestic pepper has increased
continuously since 2007. It cost 150,000 VND (6.9 USD) per kg in early
January, and jumped to 175,000 VND (8.1 USD) by the end of the first quarter
of this year. The price of exporting black pepper was nearly 8,800 USD per
tonne, an increase of 35 percent compared with the same period last year.
The
price hike has encouraged farmers to swap their farms for pepper or increase
their yield, regardless of whether their land can support it or not.
Hoang
Phuoc Binh, Vice Chairman of the Chu Se Pepper Association, said the pepper
supply would increase by hundreds of thousands of tonnes if the cultivation
area keeps increasing at a similar pace. He said the planting is being
rushed.
Nguyen
Van Cuong, a farmer in Cu M'Gar District's Ea Kpam Commune said he hired five
people to chop down rubber trees – rubber was quite cheap and if pepper
prices remained stable, it would be worth the investment. The land would be
used for pepper plantations, and about 500 rubber trees would be used as
pillars to help the pepper grow.
Dao Xuan
Vinh, a farmer in Buon Ho Town's Thong Nhat Ward, said he switched two
hectares of rubber over to pepper with the hope of making billions of dong in
the next few years.
Trinh
Tien Bo, head of the provincial Department of Agriculture and Rural
Development's cultivation unit, said pepper has been planted over 16,000ha,
exceeding the goal for 2020 by 1,000ha. The unit estimated that 2,000 more
hectares would be planted by the end of the year.
Bo said
the biggest concerns are the crops' quality and productivity. The pepper is a
sensitive tree that would die en masse without proper cultivation.
The
Vietnam Pepper Association has asked the Ministry of Agriculture and Rural
Development to require local agricultural authorities to help farmers plant
the crops correctly and avoid fertiliser abuse to assure productivity.
Central
Highlands’ socio-economic development reviewed
The
Central Highlands Steering Committee held a press conference on the region’s
socio-economic development in the first five months of 2015 in Buon Ma Thuot
city, Dak Lak province, on June 8.
Tran
Viet Hung, deputy head of the committee, said during the reviewed period, the
disbursement of the region’s total development investment capital was 2.6
trillion VND (148 million USD), mainly in rural infrastructure development,
education, healthcare and water supply projects in specially difficult and
border communes.
The
region has over newly-established 1,150 businesses with a combined registered
capital of 3.23 trillion VND, up 6.3 percent and 8 percent against the same
period last year, respectively.
Its
index of industrial production grew 8.5 percent year on year while
agricultural production remained stable despite heavy impacts of droughts.
The
Central Highland provinces have saw the expansion of industrial tree plantations
with green, intensive production, and the increasing application of advanced
technology in farming of fruits, tea, vegetable and flowers as well as fish
and cow breeding.
Coffee
is among the region’s key industrial crops, grown in a total area of more
than 573,000 hectares or 88 percent of the country’s coffee-growing area.
Infrastructure
development has been also received more attention with the priority given to
the upgrade of the Ho Chi Minh Highway section which runs through the Central
Highlands, Pleiku Airport, and National Roads 20, 28 and 26.
The
region has attracted more than 212.75 trillion VND in social investment
between 2011 and 2014, of which 35.8 percent came from the State budget, 19.3
percent from foreign businesses and the remainder from other sources, Hung
noted. The investments were mainly pumped into projects on transportation,
irrigation, industry, energy, telecommunication and rural infrastructure
development, according to Hung.-
Cental
Highlands region expands hybrid maize
Central
Highlands provinces plan to expand the area under hybrid maize to 250,000
hectares this year, according to the Steering Committee for the Central
Highlands region.
Dak Lak
province aims to cultivate high-yield hybrid maize crops on 121,000 hectares,
the largest area in the region. Some 30,000 hectares have been cultivated in
rainy season.
Local
farmers are advised to replace wet rice with hybrid maize in areas vulnerable
to water shortage. They are also guided in planting maize among young coffee
and rubber trees to optimize land and increase their income.
Agricultural
authorities have provided farmers with high-yield maize varieties together
with cultivation techniques.
According
to the Steering Committee, in 2014, the region produced more than 1.3 million
tonnes of maize grains, of which Dak Lak accounted for 665,000 tonnes, and
Dak Nong, 333,172 tonnes.
LOTTE
Mart to introduce Vietnamese products to RoK
An
exhibition of Vietnam's favourite products will be organised at LOTTE Mart in
District 7, HCM City, from June 24 to 28.
The
event aims to showcase the country's favourite products that will be exported
through LOTTE Mart Group to the Republic of Korea (RoK) and other markets.
Hundreds
of Vietnamese products in fine art, agriculture and seafood, food, garment,
plastic, and interior decoration will be on display. At the end of event, the
group will select some suitable products and introduce them at the group's
exhibition that will be held in October this year.
It's
seen as an opportunity for Vietnamese firms as they will be able to penetrate
more than 100 LOTTE Mart supermarkets, apart from the RoK market.-
Packaging
industry sees growth opportunities
The
packaging industry is experiencing favorable growth thanks to its close
relationship with export activities and such sectors as foodstuffs and
consumer goods production which are experiencing improved performance, the
Vietnam Economic News (VEN) reported on June 8.
Packaging
has seen rapid development in Vietnam, driven by a growing demand for consumer
goods and foodstuffs. This year’s estimated gross domestic product (GDP)
growth of approximately six percent has also created a foundation for the
recovery of retail indexes and the development of support industries,
including the packaging sector.
In addition,
soon-to-be-signed bilateral and multilateral free trade agreements (FTAs)
like the Vietnam-EU FTA and the Trans-Pacific Partnership (TPP) are expected
to sharply increase Vietnam’s export contracts (especially those for seafood
and garment products), which will also result in strong demand for packaging
products.
These
favorable tendencies have made packaging one of the most rapidly developing
industries in Vietnam. According to the Vietnam Packaging Association
(Vinpas), the average annual growth of the sector was 15-20 percent. At
present, Vietnam has more than 900 packaging factories, about 70 percent of
which are located in the southern region of the country. The market may be
divided into five major areas, including plastic packaging; cardboard/paper;
metal containers; and others.
According
to the Vietnam Plastic Association, over the past years, the plastic
packaging sector has been growing strongly at 25 percent per year thanks to
the strong growth of food and foodstuff industries. Packaging manufacturers
have invested in advanced production lines and supplied to the market various
types of high-grade packaging products that could meet strict standards on
food hygiene safety.
The
prices of input materials for packaging production have also declined, partly
due to the slow growth of the Chinese economy, which lowered demand for
industrial paper stocks. The prices of PET bottle products also reduced
following the falling prices of plastic raw materials as a result of a sharp
decrease of petroleum prices.
At
present, a relatively high number of enterprises are participating in the
packaging market with different types of products such as papers, plastics,
metal membranes and PET bottles. The market segment also sees a clear
separation between traders serving small-scale customers and big names of
packaging manufacturers occupying most of big customers. For example, big
brands such as Ngoc Nghia, Bao Van; Tan Tien Plastic and Rang Dong Plastic
are accounting for a significant market share of the environmentally-friendly
PET bottles while the paper packaging for dairy products belonged to Tetra
Pak (Sweden) and Combibloc (Germany) due to the high technology requirements.
With a
high population and a rapid development of the packaging sector for consumer
goods, packaging production is predicted to continue expanding.
The
paper quoted economic experts as saying that packaging products and bags will
continue to be produced and sell well in the coming time due to their common
usage and advantages in terms of production costs thanks to its light weight,
energy-efficiency and especially a quick profit recovery. The industry will
also have closer links with canned products thanks to its continuous
innovation in terms of improved quality and conveniences.
Source : VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Thứ Năm, 11 tháng 6, 2015
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