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BUSINESS IN BRIEF 10/10
PM
launches new vision for agribusiness
The
However,
if such a vision is to be realized, one of the first things the government
and business community with the assistance of academia must focus on is
developing world class supply chains both domestically and globally, say
leading market analysts.
Presently,
inconsistent quality and availability of transportation infrastructure is
impeding not only the flow of goods in the country but is adding significant
cost to logistics operations and creating a variety of other losses such as
post-harvest spoilage.
These
groups working collectively must devise and implement a long-term strategy to
enhance the industry’s supply chain capabilities if they intend it to be a
serious competitor in the world market.
To this
end, the Prime Minister has rolled out a new national policy making achieving
excellence in supply chain education, research, and decision-making.
The
strategy aims to encourage agribusinesses to sell substantially all of their
products utilizing e-commerce in the domestic market and through foreign
distribution networks in overseas markets in just five short years.
The
project also launched a business support program providing funding from the
state budget, autonomous private businesses such as from the EU along with a
variety of other funding sources.
This is
a formidable undertaking as it results in the upper echelons of management of
these agribusinesses learning to understand the local customers and local
customs in each and every country they serve.
Over the
past ten years, Walmart has become the world’s largest and arguably most
powerful retailer with the highest sales per square foot, inventory turnover,
and operating profit of any discount store in history.
According
to Supply Chain Digest, this retail giant stocks product made in more than 70
countries and at any given time, operates more than 11,000 stores in 27
countries around the globe, and manages an average of US$32 billion in
inventory.
Leading
analysts laud Walmart as one of the world’s greatest logistical and
operational triumphs and its transition from a regional retailer to global
powerhouse in such a short time frame has made its name synonymous with the
concept of successful supply chain management.
However,
as recently as 2006 Walmart was forced to exit the German and Republic of
Korea (RoK) markets because the management team failed to take the necessary
steps to understand the habits of the typical customer and losses overwhelmed
the giant company.
This
lack of understanding of local customs and customers is in direct contrast to
what is happening in the
It is
not easy for a Vietnamese company to join Walmart’s supply chain for
agriculture food and related products in foreign supermarkets, according to
Le Quang Hung, Chairman of Garmex Saigon.
Under a
Walmart supply chain initiative called Vendor Managed Inventory (VMI), for
example, Vietnamese companies would be responsible for managing their
products in Walmart’s warehouses.
Cross
docking is also a logistics practice that is the centrepiece of Walmart’s
strategy to replenish inventory efficiently.
It means
the direct transfer of products from inbound or outbound truck trailers
without extra storage, by unloading items from an incoming semi-trailer truck
or railroad car and loading these materials directly into outbound trucks,
trailers, or rail cars (and vice versa), with no storage in between.
Suppliers
deliver products to Walmart’s distribution centres where the product is cross
docked and then delivered to Walmart stores. Cross docking keeps inventory
and transportation costs down, reduces transportation time, and eliminates
inefficiencies.
In
addition,
On the
other hand, distribution and retail systems in a few countries in
In its
relentless pursuit of developing a state-of-the-art supply chain it will be
necessary for
Suppliers
and manufacturers within the supply chain will also need to synchronize their
demand projections under a collaborative planning, forecasting and
replenishment scheme, and connect every link in the chain through technology
that includes a central database, store-level point-of-sale systems, and
satellite networks.
The new
approach will mean frequent, informal cooperation among supermarkets,
distribution centres and suppliers and less centralized control.
Furthermore,
the nation’s supply chains, by tracking customer purchases and demand, will
allow consumers to effectively pull merchandise to stores rather than having
the companies push goods onto shelves.
Supply
chain management is all about moving the right items to the right customer at
the right time by the most efficient means and the new initiative by the
Prime Minister certainly presents a daunting challenge to the entrepreneurial
talent in agribusiness.
EVN:
Progressive pricing helps save electricity
Vietnam
Electricity Group (EVN) has insisted a progressive pricing mechanism leads to
the efficient use of electricity.
EVN
backed the progressive pricing mechanism at a seminar held in HCMC on
Wednesday to collect comments on an electricity tariff improvement scheme.
The group said the pricing mechanism would not push up electricity prices or
increase its revenue.
Last
month, those experts invited to a seminar in
Speaking
at the seminar in HCMC on Wednesday, Nguyen Tien Thoa, general secretary of
the Vietnam Valuation Association, said
Thoa
said current electricity output cannot meet demand, so it is necessary to
call for consumers to use electricity efficiently.
Thoa
said the electricity tariff improvement scheme would help balance the
interests of the State, electricity producers and consumers but the average
electricity price will remain unchanged. The price is calculated on a
principle that the less electricity people consume, the less they pay and the
more they use, the more they pay.
Unlike
other commodities with prices lowered to fuel consumption, electricity is
always in short supply. Therefore, there must be a new pricing scheme to
encourage electricity saving.
According
to EVN, households currently consume 29% of the country’s total electricity
output. Households using less than 50 kWh per month account for 11% of the
total number while those using more than 400 kWh monthly make up 2%.
Dinh
Quang Tri, deputy general director of EVN, told the seminar that the current
electricity capacity is around 35,000 MW. Electricity supply in the northern
region is stable but inadequate in the southern region.
Tri said
before the seminar was held, many people advocated the same-price mechanism
but more people supported the progressive pricing scheme as it encourages
electricity saving.
Regarding
electricity tariffs in the coming time, Tri said it would not rise towards
the year-end and in the first half of next year.
In reply
to the Daily’s question about whether the decline in input costs in recent
times has led to lower electricity production cost, Tri said falling gas and
fuel prices are not sufficient to offset losses caused by the volatile
exchange rate as 85% of EVN’s finances used to build thermal power plants
come from foreign loans.
The
electricity sector is still under much pressure to bring down electricity
losses from 8% to 5% in 2020 and meet an electricity consumption increase by
12-13% per year. Besides, some VND33 trillion is needed to expand the
national power grid to all households in rural areas.
Tri said
EVN needs around US$5 billion a year to invest in new power projects.
Of the
electricity production structure, hydropower, gas-fueled power and
coal-fueled power plants make up 35-40%, 30% and 30% respectively.
According
to EVN, electricity prices will be adjusted up if the costs constituting the
electricity price pick up over 7% and the power price review period is every
six months.
German
businesses setting up shop
Many
German companies have increased their investments to set up stable production
bases in
Siemens,
Mercedes-Benz, and Bosch made the move after they realised the huge potential
of the local market, where approximately 46 per cent of all Vietnamese
machinery imports are from
One
German company that has been present in
Siemens
Vietnam president and CEO Pham Thai Lai stated that the company had been on
track for growth over the past five years. Last fiscal year, for example, the
company achieved and surpassed many business targets, ending in an increase
of 20 per cent in revenue and 200 per cent in net income against the previous
fiscal year. For the last fiscal year, Lai expected a similar growth rate.
He is
also very confident about the bright future of the busway factory in Binh
Duong. Siemens is now the No.1 supplier of busway products on
In a
similar move to Siemens, Robert Bosch
According
to Vo Quang Hue, managing director of Robert Bosch Vietnam, thanks to proper
investment strategies, in 2014, his firm made the total net revenue of $340
million, up 20 per cent from 2013. This was the sixth consecutive year that
the group reported a double-digit growth rate in the market. Hue elaborated
that Robert Bosch Vietnam would continue to increase investments in the
hi-tech plant in Dong Nai by constructing a new workshop and setting up new
production lines in order to increase the output capacity.
Meanwhile,
In the
pharmaceutical industry, B. Braun Melsungen, a pharmaceutical company which
has over twenty years of experience in
As of
August 20, 2015, German companies have invested in 259 projects in
Dong
strengthens against dollar
Commercial
banks have started to adjust the exchange rate since Monday many days after
keeping a cap on VND22,547 regulated by the central bank on August 19.
The
rates quoted by commercial banks have reduced by roughly VND70 to VND90 for
the past three days.
After
reduction on Monday and Tuesday, Vietcombank yesterday continuously cut the
rate by VND20 against the previous day, quoting the buying/selling rates at
VND22,340/22,430.
Vietinbank
also cut the rate by VND20, listing it at VND22,380/22,440.
BIDV and
ACB also listed at VND22,370/22,430, down VND20 against the previous day.
The
buying/selling rates at Techcombank were VND22,355/22,455, down VND25 and
VND5, respectively.
It was
the first time since the central bank's devaluation of the dong against the
dollar on August 19 the rate quoted at commercial banks was lower than the
VND22,475 rate listed at the State Bank of Viet Nam's Operations Centre.
Industry
insiders attributed the reduction to the application of new regulations taken
by the central bank on avoiding the dollar speculation and hoarding in the
economy.
According
to Circular No15/2015/TT-NHNN on foreign currency transactions by credit
institutions, which took effect on Monday, foreign currency transactions with
banks must be accompanied by documents proving the purpose, amount and
duration of payments.
The
circular also states that if customers needed to settle with partners within
two working days, banks can sell foreign currencies immediately.
When the
payment term is more than three days, banks are only allowed to sell forward
exchange. For forward exchange transactions, the maximum term is 365 days.
Previously,
the central bank had also issued a decision on cutting the interest rate
ceiling on dollar deposits to encourage the conversion of dollar deposits
into dong deposits.
Under
the decision, the interest rate ceiling on dollar deposits offered by
commercial banks to organisations and companies was cut from 0.25 per cent to
zero per cent per year, while the rate for individuals was reduced from 0.75
per cent to 0.25 per cent per year.
Real
estate transactions skyrocket in 9 months
Some
30,000 real estate transactions were recorded in the first nine months of
2015, which was tantamount to the combined figures from last year, as heard
at a seminar on housing development in the Mekong Delta city of
According
to Chairman of the Vietnam Real Estate Association Nguyen Tran
Several
newly introduced Government policies and regulations coupled with high
confidence in the sector’s outlook have convinced investors and customers to
return to the market.
Particularly,
the Government’s 30 trillion VND (1.4 billion USD) stimulation package
demonstrated its efficiency; 20 trillion VND (909 million USD) of which was
signed with banks and 12 trillion VND (546 million USD) was disbursed.
Seventeen
existing and new projects made a total of 9,550 apartments available in the
real estate market of Ho Chi Minh City in the third quarter of this year,
announced Savills Vietnam, the largest property company in the country, at a
press conference on October 7.
Of the
figure, 5,220 units were sold, up 4 percent compared to the second quarter,
with Districts 2, 7 and Binh Thanh accounting for 57 percent of the
transactions.
Savills
In the
July-September period, as many as 1,680 villas and attached houses hit the
city’s real estate market, up 47 percent compared to the previous quarter and
mainly concentrating in Districts 9 and Go Vap. Meanwhile, 240 land lots in
Districts 7 and 9 were being marketed.
It is
expected that a total of 53,600 land lots, villas and attached houses will
enter the property market from the fourth quarter.
According
to Nguyen Thi Van Khanh, Head of the Savills Vietnam consultancy department,
the current housing supply rise will not have any “bubble” effects as the
economy is recovering and developing impressively and the government has
issued a number of policies to support the housing sector.
Meanwhile,
property investors said the increasing supply will help the market be more
competitive in terms of price and quality.
Promising
market for soymilk industry
There is
plenty of room for the soymilk industry to develop as over 1.5 million litres
of soymilk are consumed in
More
than half of the soymilk sold in the market is hand-made by locals while
industrially produced milk has yet to meet consumer demand and investment in
the field remains modest.
According
to the newspaper, the NutiFood company, the Hoang Anh Gia Lai group and the
CEO of
Hoang Anh Gia Lai Doan Nguyen Duc said his group will entrust 1,000 hectares
of land to NutiFood and scientists to study the development of organic
soybean material. The land fund will be increased to 5,000 hectares in the
next five years.
This is
the first time a Vietnamese business has a plan to produce soymilk from
organic material, he said.
According
to NutiFood CEO Tran Thanh Hai, imported soybeans are less expensive than
those locally-produced, but NutiFood has chosen domestic varieties to ensure
quality. The seeds used in the soybean material development project are
produced by the IAS, he noted.
Director
of the IAS Tran Thanh Hung said large-scale farming and mechanisation are key
to reducing soybean production cost.
NutiFood
and Hoang Anh Gia Lai are carrying out the soybean material development project
in the Central Highlands. If successful, the pair will partner to produce
soymilk.
The
Vietnam Soya Products Company (Vinasoy) is the largest soymilk producer in
the country at present with over 80 percent of the soymilk output produced
industrially nationwide. It is operating two manufacturing plants in central
Quang Ngai and northern Bac Ninh provinces. By the end of this year, it will
kick start construction of a third plant in southern Binh Duong province.
Last
year, Vinasoy grossed 3.1 trillion VND (139.5 million USD) in revenue, a
year-on-year rise of 49 percent.
The
aquatic sector aims to catch over 1.26 million tonnes of fish in the season
from this October to March next year, including 1.15 million tonnes of sea
fish and 106,000 tonnes of freshwater fish.
The
figures were heard at a conference held in the
To
achieve this goal, the sector should continue restructuring; enhance marine
resources conservation; closely supervise the building of fishing vessels,
especially those with engine capacities of 90 CV or higher; and improving
preservation and fisherman competence, said MARD Deputy Minister Vu Van Tam.
He also
asked coastal localities to ensure maritime security and raise fishermen’s
awareness of protecting maritime environment and resources while setting up
offshore fishing groups to increase productivity.
Total
fish output during the April-September season hit more than 1.73 million
tonnes, a rise of 5.39 percent compared to the same period last year,
including 1.66 tonnes of sea fish.
According
to the Fisheries Information Centre,
Rate
of locally-made energy contents discussed
The rate
of locally-made contents in the energy sector is the main focus of a
conference that was opened by the Ministry of Industry and Trade in
As part
of activities to promote sustainable energy development within the
Asia-Pacific Economic Cooperation, the two-day event offers an opportunity
for experts and policy makers to share experience and make proposals towards
building a favourable regional business environment in this field.
According
to Nguyen Duc Cuong, Director of the Energy Centre under the Vietnam
Institute of Energy, coal-fuelled thermal power is projected to make up half
of the power sector’s capacity by 2030.
Regulations
on the rate of locally-made contents, once applied, will support renewal
energy projects, protect immature industries like mechanics and clean energy
until they are ready to compete in the international market and take part in
the global supply chain, and generate jobs for local labourers, he
said.
Many
held that if the market scale is not big enough, expanding the rate of
locally-made contents will result in higher power prices and negatively
affect trade, investment and the environment.
Therefore,
Cuong underlined the need to have a substantial market scale and incentives
offered by the Government, among others, to actualise the plan.
Echoing
Cuong’s views, Ronald Steenblik, Senior Trade Policy Analyst at the
Organisation for Economic Cooperation and Development (OECD), said it is
essential to have policies that support research and innovation in this
regard.
A report
made by the OECD showed that the increased rate of locally-made contents in
the energy sector would spur each country’s production.
However,
about 75 percent of international investors in solar and wind power said this
will hinder foreign capital inflows into clean energy and raise production
costs.
Footwear
export sees 18.4-percent growth
The
leather and footwear sector earned 8.8 billion USD from exports in the first
nine months of this year, up 18.4 percent from the same period last year,
reported the Saigon Giai Phong newspaper.
In the
period, the sector produced 241.9 million pairs of shoes, an increase of 24.1
year-on-year.
According
to the Vietnam Leather and Footwear Association (Lefaso), many of the
industry’s enterprises have secured major export contracts thanks to the
signing of a number of free trade agreements.
The
sector targets to produce 280.2 million pairs of shoes and earn 14-15 billion
USD from exports in all of 2015; rising to 314 million pairs and 16-17
billion USD in 2016.
It also
aims to raise the rate of locally-made contents in finished products to 60-65
percent.
The
Ministry of Industry and Trade called on footwear businesses to apply
advanced technology in production in order to enhance product quality and
design, meeting the demand of domestic and international markets.
Connectivity
among enterprises should also be strengthened in tandem with enhancing management
to ensure the sustainable development of the sector, it said.
Communication
campaigns should be promoted to facilitate access to relevant free trade
agreements while actively joining trade promotion events to expand potential
markets, it added.
The
central coastal city of
The city
welcomed over 3.7 million tourists in the period, shooting up 23.6 percent
from last year’s figure.
Under
the city’s tourism development orientations through 2020, the city will
continue promoting its image in traditional markets such as Western Europe,
Northern America and Eastern Europe while expanding to others in Middle
Eastern countries and
The city
expects to welcome more visitors from
It is
now home to 74 investment projects in tourism and services worth 8.042
million USD. Of the total, 17 are foreign-invested projects with a total
capital of 1.45 million USD and the remaining 57 are domestically invested
with a total sum of 6.592 million USD.
This
year, the city hopes to greet more than 4.43 million vacationers and earn
11.8 trillion VND (540 million USD).
PetroVietnam’s
qualms over Nghi Son complex
State-owned
oil and gas conglomerate PetroVietnam is greatly concerned that the upcoming
commissioning of the multi-billion-dollar Nghi Son oil refinery complex would
dent a substantial hole on their finances.
The
concerns arose as the Vietnamese government’s guarantorship over Nghi Son
complex commits PetroVietnam to consume NSRP products for a period of
10 years after the complex starts commercial operation.
As
scheduled, NSRP will become operational in 2017and reach its maximum annual
capacity of 9.62 million cubic metres of petroleum products by 2018.
Taken
into account the annual capacity of more than 7.8 million cubic metres of
Dung Quat oil refinery and 0.69 million cubic metres of four other units
currently processing petrol from condensate, domestic petrol supply sources
will be in a strong position to meet local demands, according to PetroVietnam
estimates.
Also, by
2018, the demand for petroleum products on the domestic market will be about
a mere 17.3 million cubic metres, posting a particularly large excess of more
than 0.8 million cubic metres of diesel oil.
PetroVietnam
worries that by that time petroleum trading firms will turn their backs on
Vietnamese(-made) petroleum items because selling prices offered by local oil
refineries coupled with the import tariffs as prescribed by Circular
78/2015/TT-BTC will result in higher costs than other ASEAN imports which
enjoy import tariffs 5-20 per cent lower.
Moreover,
even in case locally-made petroleum products could not be sold, PetroVietnam
still has to carry out its obligation of buying NSRP products, according to
the signed agreements.
PetroVietnam
estimates that, according to the government’s implementation roadmap with
NSRP, in case crude oil fetches US$75/barrel, with current import duties they
would need to pay NSRP about VND65 trillion (US$2.98 billion) for petroleum
items and VND10 trillion (US$458 million) for petro-chemical items.
The
payment is to fill the difference between actual import duties and the
preferential value level calculated for sale price NSRP enjoys (3% for
petrochemical products, and 7% for petrol and oil).
However,
relevant guiding documents about the mechanisms related to the financing and
associated procedures that enable PetroVietnam to pay the NSRP tax incentives
on behalf of the government still remain unclear.
To avoid
its finances being affected upon NSRP commences commercial operation and to
assure its paying ability towards NSRP, PetroVietnam has proposed that the
government allow it to retain the sum derived when actual import tariffs
fetch higher than NSRP’s above-stated preferential value levels.
According
to the government’s guarantee commitment, during the initial 10 years of
NSRP’s commercial operation, if the actual import duties of petroleum
products are set lower than NSRP’s preferential value levels calculated for
sale price, PetroVietnam will pay NSRP the sum to fill the difference between
the actual import duties and NSRP’s preferential value levels when NSRP
sells its products in the domestic market, whether through PetroVietnam or
other firms.
Foreign
retailers arrive en masse
The
retail market is seeing an invasion by foreign retailers, which has brought
pressure on local businesses who lack financial capacity or experience.
Aeon
considers
It plans
to open 200 stores across the country, according to The Japan Times.
South
Korean retail giant Lotte has increased the number of its supermarkets in
The
chairman of the Hanoi Supermarket Association, Vu Vinh Phu, said
Retail
and consumer services sales grew 6.3% last year to VND2,950 trillion ($138.2
billion) outpacing the 5.6% growth in 2013, according to official data.
Modern
retail formats such as shopping malls, supermarkets and hypermarkets will
play a crucial role in
The
upcoming establishment of the ASEAN Economic Community, or AEC, and some free
trade agreements, including with the EU and South Korea, which remove tariffs
on many goods imported into Vietnam, have given foreign retailers more reason
to expand their business in the country, Phu said.
Foreign
retailers have also expanded via mergers and acquisitions. Early this year
AEON announced the purchase of a 30% stake in Fivimart, and a 49% in
Citimart, two major retail chains in
"
The
purchase of the 49% stake was done through Power Buy, an arm of the Thai
family-run conglomerate.
Last
year, Central Group opened two Robins department stores in
Central
Group says it sees
“We are
quite bullish on
Phu of
the Hanoi Supermarket Association said most local retailers, excluding big
businesses like Co.opmart and Saigon Trading Company (Satra), have struggled
to remain in business amid the increasing competition from foreign rivals who
have the upper hand thanks to their financial strength, management experience
and cheap global supply chains.
Fivimart
has had to close all of its supermarkets in the south, while Intimex and
Hapro have shut down some of their outlets in the north, he said.
Dinh My
Loan, chairwoman of the Association of Retailers, said the biggest difficulty
for local retailers is finding land.
Many
local firms have been beaten to prime retail locations by foreign competitors
because they lack the financial capacity and experience to negotiate, she
said.
High
retail rents remain a major barrier for local companies with weak finances.
Rent often accounts for 30-40 percent of retailers' total investment. In
Without
famous brand names, domestic retailers are less competitive in wooing
consumers and negotiating prices with foreign suppliers than their foreign
competitors. Thus, they find it hard to offer competitive prices.
To
compete in the market, local businesses should cooperate with foreign
partners, Pham Dinh Doan, chairman of local retailer Phu Thai, said.
Foreign
retailers now need the cooperation to pass the economic needs test (ENT), he
pointed out.
The
country wholly foreign-owned retail companies to operate, but when they want
to expand outlets to more than 500 sq.m, they must first pass the ENT, which
has however been criticized as opaque.
Under
Vietnamese laws, ENT comprises an administrative review of the number of
existing retail sales outlets in a particular geographic area, market
stability, population density, and the relevant urban development scheme.
Loan
said the cooperation should be seen as an active measure for the development
of the local retail sector instead of a sure-fire way to get taken over by a
foreign partner.
Footwear
businesses win major export contracts
The
Vietnam Leather, Footwear and Handbag Association (LEFASO) reported that up
to now many businesses have won long-term and stable export contracts, even
for the first quarter of next year as the results of
This
year’s target of making 280.2 million pairs of leather shoes of different
categories and earning US$14 - 15 billion export revenue is within reach.
Next
year, the footwear sector aims to produce 314 million pairs, rake US$16 - 17
billion in export value and increase the percentage of home found materials
to 60-65%.
The MoIT
warned that domestic businesses should focus on both overseas and domestic
markets and invest more in technology to improve the quality of products to
meet strict technical requirements of demanding markets like the EU and US.
The
sector should spur connectivity among businesses to develop the supply chain
of materials towards sustainable development, the ministry said.
The
ministry will renovate trade promotion and disseminate information about FTAs
to businesses.
India
okays amendments to double tax avoidance pact with Vietnam
The
Union Cabinet of India has approved the Protocol amending the agreement on
avoidance of double taxation and prevention of fiscal evasion for income
taxes.
The
Protocol provides internationally accepted standards for effective exchange
of information on tax issues, including bank information, the Indian
Government’s Press Information Bureau said on October 7.
The
protocol also stipulates that information on Indian citizens received from
The
existing Double Taxation Avoidance Agreement (DTAA) between
Both
sides agreed to update the agreement’s Article 27 on the “Exchange of
Information” in line with international standards and supplement a new
article on “Assistance in the
Japanese
firms eye supporting industry in Vietnam
Japanese
businesses from the Kansai region have said they are interest in the
Vietnamese market, and keen on expanding trade and investment connection with
Vietnamese partners, especially in supporting industry, in the time ahead.
They
expressed their interest during workshops in the Japanese cities of
Japanese
firms said they hope for further facilitation from the Vietnamese Government
and local-level authorities, enabling them to do business smoothly in
During
the workshops, participants were updated on information of
Japanese
firms spoke highly of Vietnam’s foreign investment attraction policies and
efforts made by the Vietnamese Government in improving investment and
business climate and as well. Representatives from the Vietnam Ministry of
Industry and Trade cleared up questions from Japanese firms.
The two
sides’ businesses took the occasion to establish links among them, especially
in the supporting industry.
Co-hosted
by the Vietnamese Consulate General in
PM
instructs accelerating agricultural restructuring
The
Prime Minister has instructed localities nationwide to expedite the
implementation of an agricultural restructuring project to increase product
added value and ensure sustainable development.
Embracing
connectivity between farmers, cooperatives and businesses is essential with
enterprises playing a key role.
It is
also important to promote research on and the transfer and application of
scientific and technological advances to create breakthroughs in the field,
and domestic scientific organisations are encouraged to forge links with
businesses towards the goal.
The PM
also urged relevant agencies to work harder to collect information on
overseas markets, especially those of partners in bilateral and multilateral
agro-forestry-fishery trade commitments, to help businesses increase their
competitive edge, while developing the domestic markets and protecting local
producers in suitable ways.
Agencies
are requested to pay more attention to developing local trademarks and
vocational training for rural workers, particularly those in agricultural
cooperatives.
Localities
are told to quickly complete their own agricultural restructuring plans
within this year, while those already having such programmes or action plans
need to review and properly adjust their contents based on the respective
socio-economic development targets from 2016-2020.
The PM
asked localities to establish inter-sector steering committees on
agricultural restructuring from communal to provincial levels and review
plans on the production of key farm produce in the direction of focusing
resources on developing advantageous products.
Meanwhile,
ministries and sectors are instructed to revise mechanisms and policies and
build policies specifically designed for different regions in order to
facilitate agricultural restructuring.
Dai
Quang Minh chooses contractors for Thu Thiem projects
Dai
Quang Minh Real Estate Corporation, the first property company to develop
housing in
The two
are in the Sala area developed by the company in Thu Thiem.
Sarica
is an eight-storeyed apartment building with 175 units whose construction
will start this year and will be handed over in May 2017.
The
21-storey Sadora will have 621 apartments that will be handed over in December
2017.
Dai
Quang Minh said it would start sales of the two projects on Friday with
promotions offered for early booking.
VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VET/VIR
|
Thứ Bảy, 10 tháng 10, 2015
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