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BUSINESS IN BRIEF 10/8
Many
nations favour
In
recent years,
Specifically,
In the
first five months of the year, the nation's surimi exports to
Likewise,
The
Southeast Asian nation is the largest supplier in the Russian market,
accounting for 36% of the total imports.
Ha
The
Based
on its strengths in infrastructure and human and natural resources, Ha Nam is
inviting investment in Dong Van 3, Dai Cuong, Thanh Liem and Thai Ha
industrial parks – focusing on mechanical engineering, assembling,
automobiles and motorbikes, electricity, electronics, telecommunications,
information technology, support industry and farm produce processing and
preservation.
Priority
is also given to building a domestic customs clearance port, clean water and
waste treatment plants in industrial parks and residential areas, cultivation
and breeding, Dung said.
As of
June 2015, Ha
To
attract capital inflows, the province has rolled out a host of land and tax
incentives, simplified administrative procedures and supplied a quality
workforce.
Head
of the Party Central Committee’s Economic Commission Vuong Dinh Hue, who was
also present at the event, called for the local economy to be restructured to
woo additional foreign direct investment.
Ha
Secretary
of the Ho Chi Minh municipal Party Committee Le Thanh Hai pledged in his
speech that the southern metropolis would encourage domestic and foreign
firms to open representative offices across the country, including Ha
As
part of the event, the Ho Chi Minh and Ha
A
number of Vietnamese and foreign companies also received investment licenses.
Corporate
social responsibility benefits employees and employers alike
Vietnamese
enterprises are increasingly paying attention to corporate social
responsibility, since it not only benefits staff members but also the firms
themselves.
Since
2008, the
After
seven years, the number of participating firms has increased from 3 to 50.
The
working environment and living conditions for workers have improved
significantly, boosting staff-employer relations and increasing the
companies’ reputation.
Participating
in the project since 2012, TaekwangVina Company in Bien Hoa 2 Industrial Park
in Bien Hoa city has noticed improvements in the relations between employers
and employees, as well as an annual revenue growth rate of more than 12
percent.
Dinh
Sy Phuc, Chairman of the company’s trade union, said the union had chosen
some key issues out of a list of 12 social responsibilities to persuade the
employers to follow as part of the project.
Since
then, the company has agreed to increase leave allowances and bonuses, built
a health clinic for staff and employed 300 people with disabilities, while
also providing support for parents of young children and serving breakfast
for more than 24,000 employees.
A
low-cost supermarket has also been set up, allowing employees to pay later
once their salary is paid, which is proving cost and time effective, whilst
also helping with household budgeting, Phuc said.
Meanwhile,
Nec Tokin Electronics Vietnam in Bien Hoa city has planted trees on their
factory grounds, installed a low-cost drinks vending machine and set up a
games and karaoke room for employees to relax in after work.
According
to Nguyen Thi Nhu Y, Vice President of the Dong Nai Confederation of Labour,
corporate social responsibility in these localities has improved
substantially, making practical contributions to the community.
However,
she also pointed out that a number of companies continued to ignore their
responsibilities and even violated the Labour Law.
In the
future, the province will implement measures encouraging companies to adapt
policies that improve working and living conditions, she said.
Nguyen
Thi Thu Hong, Vice President of the
Son
La economy expands by 6.8 percent in first half
The
northern mountainous
The
gross domestic product was estimated at over 12.1 trillion VND (557 million
USD), up 17.4 percent year-on-year. More than 2.8 trillion VND (129 million
USD) of which was from the agro-forestry-fisheries sector, or 30 percent of
the original target, Chairman of the provincial People’s Committee Cam Ngoc
Minh told a delegation of the Ministry of Agriculture and Rural Development
during a local working session on August 6.
In its
new rural development drive, Son La built 46 facilities and over 1,800
kilometres of roads, upgraded 30 irrigational systems and eliminated 11,500
makeshift houses.
Minh
said the province approved a master plan in the field for 2010-2020.
However,
due to limited resources, only one commune met all 19 criteria for new-style
rural areas, 21 communes achieved 9-13 criteria while 78 others met 5-8
criteria.
Minister
of Agriculture and Rural Development Cao Duc Phat suggested adopting
technological advances in farming, boosting connectivity between enterprises
and farmers, sustainably developing forestry and reducing incidences of
poverty among ethnic groups.
While
building new-style rural areas, the province should scale up effective models
to benefit locals, he said.
Regarding
proposals on increasing financial support for staff working in plant
protection and quarantine, fisheries and forestry sectors, Phat promised to
convey the suggestions to relevant authorities for consideration.
The
same day, the delegation visited Chieng Xom commune, the first recognised as
new rural area with a mere 1.3 percent household poverty rate.
The
announcement was made during the secondnd national congress of the Vietnam
Diary Association for the 2015-2020 term, which took place in
Moving
forward, the association will focus on realising goals in master plan for
diary industry development to 2020 set by the Ministry of Industry and Trade.
Accordingly,
annual milk consumption per capita is targeted to reach 21 litres in 2015, 27
litres by 2020 and 34 litres by 2025.
In
2015, fresh milk production is set to reach 660 million litres, meeting 35
percent of the domestic demand. The corresponding figure by 2020 is 1 billion
litres, meeting 40 percent of the demand.
There
are currently about 70 businesses operating in the diary industry nationwide.
The number of milk cows reached nearly 230,000 in the beginning of this year.
On the
occasion, the congress elected 23-member executive board for the 2015-2020
term with Tran Quang Trung, former Director of Food Safety Agency under the
Ministry of Health, as head.
VSIP
Quang Ngai launches phase II
The
566-hectare phase II of the Vietnam Singapore Industrial Park (VSIP) project
in the central
On the
occasion, two investors, the Properwell Company from Hong Kong (
Quang
Ngai also introduced the one-stop shop mechanism to make it easier for
investors who want to invest in the VSIP.
Phase
II also includes the development of 2,080 houses on 99 hectares near the
centre of Quang Ngai city to accommodate around 15,000 residents.
Secretary
of the Quang Ngai Party Committee Le Viet Chu said the project would help
balance the province’s development of heavy industry & light industry and
trade & services, generate jobs and increase the provincial budget
income.
The
VSIP is being developed across 1,226 hectares. Phase I of the project covered
660 hectares and construction has been completed on 180 hectares.
Phase
I attracted 10 foreign investors with a combined capital of 132 million USD.
Ha
Thanks
to its favourable investment climate, northern Ha
Ha
In the
past few years, the province has seen thriving results in foreign capital
attraction with effective operations by numerous firms such as Hashima Honda,
Anam Electronics, Sumi Vietnam Wiring Systems, AEC Technologies and Dutch
Lady.
At an
economic-investment promotion conference slated for August 6, the province is
expected to grant investment certificates to domestic and foreign investors
from
Hailing
efforts made by the province, Deputy Prime Minister Hoang Trung Hai said that
Ha Nam is a first-class destination for foreign investment in electronics,
food and agriculture.
The
province is focusing on industrial production, industrial zone
infrastructure, waste treatment facilities, agriculture, healthcare,
education-training and tourism-service projects.
At the
end of July, Japanese Seibu Nousan, specialising in agricultural products,
discussed a project to develop Japon-ica rice farming and processing for
exports in Ha
The
provincial leaders also worked with
Mai
Tien Dung, Secretary of the provincial Party’s Committee and Chairman of the
provincial People’s Council, guaranteed to increase the public service
quality, provide sufficient electricity and ensure security for enterprises.
The
province recently granted an investment certificate to the Nuti-Food
Nutrition Food Joint Stock Company to construct a 1.6-trillion-VND (74.4
million USD) milk production plant across 10 hectares. The plant is expected
to produce over 200 million litres of milk and 31,000 tonnes of powdered milk
annually.
The
province is also an ideal destination for electronic and agricultural
projects. The RoK’s KMW branch in
RoK
KMW chairman Kim Duk Yong spoke highly of Ha
Earlier,
Japanese Sinfonia Microtec commenced construction on a 14,200-square-metre
plant making spare electronic parts in Dong Van II Industrial Park.
In
mid-July, about 20 energy and electronic enterprises from the RoK came to Ha
Most
investors agreed that the provincial preferential policies will open doors
for more foreign investment in the future.
Bac
Lieu aims to promote aquatic product exports
The
Mekong Delta
The
provincial People’s Committee is urging relevant bodies to work with
localities to zone off specific areas for prawn breeding and processing.
The
province has also facilitated access to preferential loans for local
enterprises in the sector.
Publicity
campaigns have been conducted by the provincial Department of Agriculture and
Rural Development to enhance awareness and knowledge of shrimp cultivation
among farmers.
Over
the past seven months, more than 26,000 tonnes of shrimp have been shipped
abroad, bringing home 273.5 million USD, up 0.49 percent from the same period
last year.
Peppercorn
exports on record pace through July
The
outlook for this year’s peppercorn exports is upbeat with the General
Department of Vietnam Customs reporting they could set a new record in terms
of revenue despite significantly lower volume.
In
2014, the nation’s exporters shipped 156,396 metric tons of the treasured
spice valued at US$1.2 billion to 100 markets around the globe, the highest
figures in both volume and value ever recorded, said Vietnam Customs.
Those
figures represent an increase of 16.38% in volume and 34.72% in value over
2013 and there has been little change in global demand for the commodity
during the current year.
However
there is a global shortage of supply and that has propped up sales prices in
the early months of the year, keeping them hovering up 30% on-year at around
US$9,302 per metric ton.
For
the seven months leading up to August, the volume of exports dropped by 20.6%
to 92,430 metric tons compared against last year’s corresponding period, but
revenue inched upwards by 2% to reach US$864.117 million.
The
higher sales prices should hold throughout the remainder of the year and
compensate for the decreased volume resulting in overall revenues for the
year equal or exceeding last year’s figure, said Vietnam Customs.
The
Ministry of Agriculture and Rural Development (MARD) in turn has reported
that peppercorn cultivation areas have also moved upwards this year to reach
roughly 70,000ha with estimated productivity of 2.4 tons per ha.
If one
extends the math, at current sales prices that calculates out to total
potential revenues coming in a close second to last year at US$1.1 billion
and if the stars line up— possibly exceeding last year, said MARD.
The
Vietnam Pepper Association (VPA) shared the views of MARD and also forecasts
that the global shortage will support higher prices throughout the remainder
of the year.
The
VPA said in its report the
However,
these markets impose strict requirements on the quality of product the VPA
cautioned, adding that the agricultural industry needs to step up its game
and concentrate on producing first-rate peppercorns.
For
his part, Ha Huy Thang, Petrolimex International Trading Joint Stock Company
(Pitco), said since the third quarter of 2013, the EU has warned of pesticide
residual on
Last
year, the EU even returned several shipments of
To
better deal with the issue Thang proposed MARD devise and implement policies
and procedures to improve cultivation areas and apply Vietnamese Good
Agricultural Practices (VietGap) at all levels in the planting, growing and
harvesting process.
In
addition, Thang recommended using part of funds from the World Bank (WB) and
other international organisations to reward farmers for innovating and
producing safer peppercorns, and deal out harsher sanctions for improper use
of pesticides.
ASEAN
integration to raise job hopes
Most
Vietnamese professionals consider the ASEAN Economic Community integration a
good opportunity to develop their career, a survey has found.
Done
in July by jobs website VietnamWorks, it polled 2,500 professionals at all
levels and working for companies of all sizes around the country.
More
than 90% of respondents said
The
two most common benefits mentioned were more opportunities to work with and
learn from foreign experts from other ASEAN countries (52% of respondents)
and a transformation of the Vietnamese work culture for the better by the
international work culture (46%).
70% of
the respondents were confident that Vietnamese professionals had enough
skills to compete with foreign talent.
On the
other hand, 84% of those who did not think AEC integration was good feared
more English-speaking competition in the Vietnamese labour market.
The
second most common concern was that employers could have the leverage to
decrease salaries and benefits because there would be more and more
job-seekers.
Nearly
70% of the naysayers said Vietnamese professionals lacked the skills to
compete with foreign workers. Most respondents agreed on the three most
important skills Vietnamese workers needed to equip themselves with to be
ready for AEC integration: language, communication, and
leadership/management.
In
terms of demand and supply, Nguyen Thi Van Anh, managing director of
executive search firm Navigos Search, said of the eight industries that would
be allowed free skilled labour movement within the AEC,
Retailers
should focus on services
Experts
have urged Vietnamese retailers to enhance the quality of their retail
services, considered a decisive factor to ensure any business' success at a
time when the country is moving towards rapid integration with regional and
global economy and anticipates increasing competition.
The
Director of the Centre for Business and Administration Studies under the
Statistics
showed that M&A deals' value in the retail sector last year accounted for
36 per cent of the total M&As value with notable deals such as Vingroup
buying Ocean Mart, Japanese Aeon Group investing in Citimart and Fivimart and
a Thai group buying stakes in Nguyen Kim – an electronics supermarket chain -
and Metro Supermarket.
Chi
Anh said the establishment of ASEAN Economic and the impending Trans-Pacific
Partnership would result in domestic retailers facing even more competition
as new players from foreign countries enter the sector.
He
added that the participation of foreign retailers would not be a threat but
is, in fact, a good sign as this would act as a stimulus for the domestic
firms to enhance their competitiveness, lest they will be eliminated out of
the market. Such a catalysing effect would benefit consumers, he added.
In
"Service
quality in retail business is a premise for sustainable development as
quality decides consumers' loyalty," he said, adding that consumers'
loyalty is of utmost importance, given the anticipated competition that is
likely to get harsh, especially from foreign giants.
Although
the retail industry posted rapid growth in recent years, the service quality
levels largely failed to meet customers' expectations. Chi Anh said he
expected Vietnamese consumers to raise greater feedback as a pressure tactic,
thus forcing retailers to enhance their service quality.
According
to Nguyen Thu Ha, the centre's deputy director, to enhance service quality,
domestic retailers must improve their interaction with customers, diversify
customer approaching methods and respond expeditiously to customers' claims
together with appealing sale and customer care policies.
She
said the policies to encourage the development of modern retail channels were
needed.
String
of contracts sees Fecon working at full tilt
Fecon
Foundation Engineering and Underground Construction JSC has recently
announced its successful bids for a string of new projects, with the total
contract value surpassing VND200 billion ($9.3 million).
In
July 2015, Fecon, a leading contractor in foundation engineering and
underground construction in Vietnam, was chosen as the top choice for
foundation work for the engineering-procurement-construction (EPC)
contractors at the Samsung Ho Chi Minh City and Samsung Bac Ninh complexes by
global tech giant Samsung Group.
At the
Samsung Display project based in the northern province of Bac Ninh, the total
contract value of Fecon, with Samsung C&T, and Cheil Industry
contractors, came to VND88 billion ($4.09 million) while the company’s two
bidding packages at the Samsung Ho Chi Minh City complex registered about
VND35 billion ($1.6 million) in the total value.
The
company’s deals with Samsung project contractors alone surpassed the VND100
billion ($4.6 million) mark. Also last month, Fecon won the bid to build an
approach road linking the Tan Vu bridge and the Lach Huyen port in the
northern port city of Haiphong, with the total contract value surpassing
VND40 billion ($1.9 million). This is
The
company also became the foundation and underground work contractor at a
number of other projects, such as the second-phase of the
With a
pipeline full of on-going projects, Fecon employees will be working at full
tilt until the end of the year so as to meet customer expectations.
M&A
Forum kicks off with Investment Connection Programme
The
Designed
as a private meeting session preceding the M&A Forum, the Investment
Connection Programme aims to bring investors and firms together to exchange
information and discuss potential mergers and acquisitions (M&A)
opportunities.
Running
in its second year, the programme has welcomed 50 companies and investors
from both
Some
prominent names include state-owned enterprises, such as the Aviation
Corporation of Vietnam (ACV) and Ben Thanh Group, both of whom are looking
for strategic partners for equitisation. Leading firms in real estate and
agriculture, including Novaland, BIM Group, Pan Pacific and Vinamilk, have
also been present at the programme.
The
list of investors included well-known investment funds based in
“Although
the number of attendance is still lower than what the market really
needs, we sincerely hope to go beyond today’s programme and create on-going
opportunities that connect firms, advisors and consultants with Vietnamese
and overseas investors,” said Nguyen Anh Tuan, editor-in-chief of VIR.
He
added that the organisers received hundreds of proposals for selling parts
and whole Vietnamese companies, signalling the next market boom in store in
the upcoming years.
In
addition, the programme this year has also attracted four Investment
Promotion Centres from Danang, Quang
The
main
Dong
Nai still a magnet for foreign investors
Dong
Nai, the neighbouring
According
to the provincial Department of Planning and Investment, the province
attracted 57 FDI projects worth a cumulative sum of $1.1 billion during the
period, exceeding the yearly target of $900 million. 54 of these projects are
operating in the various industrial parks of Dong Nai.
Mai
Van Nhon, deputy director of the Dong Nai Industrial Zones Management
Authority said that the 834 FDI projects operating in the parks had generated
the revenue of $6.75 billion in the first half of the year.
Dong
Nai has recently given the go-ahead to two major projects, the
$660-million Hyosung Corporation fibre factory in Nhon Trach district and the
$300-million Long Thanh hi-tech park. Smooth implementation of these projects
will go a long way towards improving the investment climate in the province.
Notably,
the Long Thanh hi-tech park, being the first of its kind in Dong Nai, falls
superbly in line with the provincial priority to develop supporting
industries. Once completed, the park is expected to produce value-added
products and create employment for 20,000 people, making an invaluable
contribution to the local socio-economic development.
The
province’s success has been attributed to good infrastructure and the
availability of leasable land as well as the attentive and improved
administration. Many foreign investors plan to capitalise on Dong Nai’s
proximity to
In
this sentiment, CEO of Amata Vietnam Somhatai Panichewa said that her firm
selected Dong Nai as the location of its high-tech park in consideration of
the generous support from the local authorities in the past 20 years. With
the success of the Amata Bien Hoa, many foreign-invested enterprises have
been operating with profits and decided to raise their capital to fund
expansion schemes after a few years of operation.
“In
addition to attracting major projects, Dong Nai also offers incentives for
small- and medium-sized enterprises (SMEs), especially for Japanese
investors. Our authority is now supporting Kansai-based firms in
Most
recently, the establishment of the $36 million Japanese SMEs Development JSC
adequately reflects the local authorities’ efforts to attract Japanese
investment into the province. Targeting Japanese SMEs, the joint venture’s
infrastructure facilities can provide accommodation for 100 investors and
meet their requirements of electricity and wastewater treatment system.
By the
end of July, Dong Nai received 1,153 projects worth $22.7 billion from 43
countries and territories. Among them,
Auto
sales continue upwards
Automobile
sales stood at 20,349 units in July, an increase of 9 per cent against June
and 61 per cent compared to July last year, according to a recent report from
the Vietnam Automobile Manufacturers’ Association (VAMA).
Passenger
cars saw sales of 11,647 units, 19.2 per cent higher than in June and up 45
per cent against July 2014, while the number of commercial vehicles sold
reached 7,862, up 0.4 per cent and 76 per cent, respectively. Only
special-purpose vehicles saw a decline in sales, of 22.4 per cent compared to
June, to 840 units, but a significant increase of 128 per cent compared to
July last year.
The
volume of completely-knocked-down (CKD) automobiles reached 15,013 units,
increases of 4 per cent against June and 56 per cent against July last year.
The number of completely-built-up (CBU) units was 5,336 units, for increases
of 26 per cent and 67 per cent, respectively.
Vinatex
& PVN sign raw material agreement
The
Vietnam Oil and Gas Group (PVN) and the Vietnam National Textile and Garment
Group (Vinatex) signed a strategic cooperation agreement on August 5
regarding the purchase of polyester fiber produced by the Dinh Vu
PetroVietnam Petrochemical and Textile Fiber Joint Stock Company (Dinh Vu
PVTEX).
Vinatex
committed to purchasing as much fiber products from Dinh Vu PVTEX as possible
and to use no less than 50 per cent of that purchased in its production.
PVN,
meanwhile, committed to directing Dinh Vu PVTEX to provide polyester fiber
products of good quality and competitive prices for Vinatex. The agreement
also provides for close cooperation in the development of markets when
Vinatex uses polyester fiber products of Dinh Vu PVTEX as inputs for export
production lines.
Dinh
Vu PVTEX was the first polyester fiber plant in the north, in Hai Phong, with
total design capacity of 175,000 tons of fiber per year using advanced
technology. Both groups have expressed their determination to implement a
localization policy on raw materials.
According
to General Director and Chairman of the Board of Directors at PVN, Mr. Quoc
Khanh, the capacity of the plant can meet about 40 per cent of market demand
for fiber, ensure the supply of raw materials of stable quality, reduce the
import of raw materials, and avoid fluctuations in the exchange rate.
On May
15, 2007 an agreement to build the first polyester manufacturing plant in
BIDV
keen on Myanmar
Prime
Minister Nguyen Tan Dung held a meeting on August 6 with the Governor of the
Central Bank of
The
Prime Minister said that
In
order to maintain and promote the investment momentum of Vietnamese
enterprises in
At the
same time, he also wants the two sides to continue to coordinate closely in
order to effectively resolve problems arising from economic cooperation
between the two countries.
For
his part, Mr. Kyaw Kyaw Maung said that
The
Governor also said he received direction from President Thain Sein about the
BIDV matter and confirmed that
BIDV,
along with a series of other foreign banks, are competing to invest in the
country. Its ambition is to open a bank in
Sun
Square on track
The
Thang Long Urban Development Investment JSC is accelerating the construction
of its Sun Square residential and office complex in
Construction
will be completed on schedule, with apartments delivered to homebuyers on
time in the fourth quarter.
The
company will also organize the topping off ceremony of the office buildings
in the project and begin sales of apartments in the third phase on August 9.
With
investment of around VND1.2 trillion ($55 million), Sun Square, located at 21
Le Duc Tho Street, covers an area of 12,435 sq m, comprising four high-rise
buildings, including two office blocks and two residential blocks, and three
basements with a total parking space of 16,000 sq m.
The
developer will also build other facilities such as shopping malls, a luxury
four-season swimming pool, a gym, a kindergarten, and a children’s
playground, among others.
HSBC:
The
Hong Kong and Shanghai Banking Corporation (HSBC) has recently forecast that
The
bank’s report on the country’s macro-economy and future market prospects said
that
The
Purchasing Managers Index (PMI) in July was at 52.6 points in July, compared
to 52.2% points in the previous month, thanks to new orders, productivity and
jobs.
Unlike
most of ASEAN member countries,
In
addition,
It is
said that
The
Vietnamese government is also pro-active in attracting foreign direct
investment in the manufacturing sector through preferential taxes and
improved infrastructure.
The
report added that beside diverse export activities with Europe and the
Prime
Minister approves import management plan up to 2020
Prime
Minister Nguyen Tan Dung has approved a plan on import management up to 2020
in accordance with international commitments.
The
aim of the plan is to build a set of export management instruments to create
an open, transparent, stable and predictable legal framework for enterprises,
contributing to controlling imports and ensuring sustainable economic
development.
Under
the plan, import growth will be capped at 10% each year during the 2016-2020
period with exports rising by an annual average of 11% to gradually narrow
the trade deficit with a view of reaching a balance in 2020.
The
plan will seek to take advantage of tariff and non-tariff measures set out by
the World Trade Organisation and other multilateral and bilateral free trade
agreements.
In
addition, a law on foreign trade management will be made to ensure the
stability and consistency of policies, and practical and feasible regulations
to facilitate enterprises’ operations.
Under
the plan, the government will also periodically review administrative
measures, make necessary changes and abolish redundant provisions in order to
achieve the goals of both assisting enterprises and protecting the public
interest.
Tra
fish export decline slows
The
fall in tra fish exports has waned in recent months as local enterprises have
managed to boost outbound sales of the fish, according to industry insiders.
Vo
Hung Dung, vice chairman and general director of the Vietnam Pangasius
Association (VN Pangasius), said though tra fish exports were still in
decline compared to last year’s same period, the slide had slowed in recent
months.
In
particular, tra fish exports in the first quarter of this year dropped 12%
year-on-year to US$360 million and the export revenue of this fish in the
first half stood at US$750 million, down 9% year-on-year.
Dung
forecast turnover would rise to US$1.2 billion at the end of this quarter and
equal last year’s figure of US$1.77 billion by the year-end.
However,
the Vietnam Association of Seafood Exporters and Producers (VASEP) is less
optimistic as it estimates this year’s exports of tra fish products at around
US$1.7 billion, falling 4% over last year.
Tran
Van Hung, general director of Hung Ca Co., said the long Lunar New Year
holiday (Tet) left big impact on export plans of enterprises in the first
quarter and that this was the main reason behind the strong fall in tra
exports in quarter one.
VASEP
also attributed the strong appreciation of the U.S. dollar against other
currencies, especially euro, to lower tra fish exports in the first months of
this year.
Data
of VN Pangasius, the unit in charge of registration for tra export contracts,
showed 186 enterprises registered their export contracts with a total volume
of over 551,000 tons of tra fish products between January 1 and July 18.
VN
Pangasius is pinning high hopes that tra consumption would continue to pick
up on the domestic market. Each Vietnamese consumed just 69 grams of tra fish
in 2012 but the figure is expected to reach 138 grams per person this year
and 207 grams from 2020.
With
the country’s population to rise to around 98 million in 2020, domestic tra
fish consumption may exceed 200,000 tons.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VET/VIR
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Chủ Nhật, 9 tháng 8, 2015
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