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BUSINESS IN BRIEF 12/10
$3.17
billion thermal power plant for Long An
The
Ministry of Industry and Trade (MoIT) has proposed the Prime Minister add a
new coal thermal power plant project in Can Giuoc district in the Mekong
Delta’s Long An province to the National Planning for Electricity Development
in the 2011-2020 Phase and Vision to 2030.
The
project is being invested by the Korea Electric Power Corporation (KEPCO) and
the Vinakobalt Co. under the build-operate-transfer (BOT) form, with a
capacity of 1,600 MW and investment capital of $3.17 billion.
If
approved the project would use imported coal and traditional condenser
technology and other modern technologies. It is expected to go into operation
in 2022-2023.
Issues
relating to the environmental impact of the project and environmental
protection measures will be guided by and follow the regulations of the
Ministry of Natural Resources and Environment.
According
to the National Planning for Electricity Development in the 2011-2020 Phase,
after 2020 Long An province will have another thermal plant with a capacity
of 1,200 MW in Can Duoc district. MoIT therefore proposes putting the two
plants in the same thermal center in the province, with the aim of ensuring
efficient investment while leveraging the infrastructure of the transmission
grid.
Hai
Phong goes looking for investment in Japan
The
northern port city of
Addressing
the event, Le Thanh Son, deputy chairman of the Hai Phong People's Committee,
said with advantages like skilled human resources and, especially, modern
infrastructure, Hai Phong has become a trusted destination for many
Vietnamese and foreign investors.
He
promised the city would provide ideal conditions for investors.
A
number of key infrastructure works are underway in Hai Phong, including the
Lach Huyen international port, a Ha Noi-Hai Phong highway, the Cat Bi
International Airport, and the Dinh Vu-Cat Hai Economic Zone.
Hai
Phong has attracted FDI worth US$10.6 billion so far, with
A
similar conference is scheduled to be held in
Tra
fish exports to
Tra
fish fillet exports to
The
VTFA reported that tra fish exports to these markets jumped nearly 50% to
US$100 million.
Meanwhile,
total tra fish export value dipped 9.1%. Exports to key markets all saw a
decline, for example the EU down 18.2% to US$192 million and the US down 1.7%
to US$208 million due to stricter technical barriers.
In
order to boost exports, the VTFA has launched an e-commerce project at
www.mekongfishmarket.com, which provides information about businesses,
products, standard processing factories, and material zones.
Vietnam
believed to gain the most in TPP
The
US-based daily newspaper quoted the Peterson Institute of International
Economics as saying that
The
nation is also improving its tax and investment policies, developing
infrastructure and pursuing other trade pacts to entice more investments, the
newspaper noted.
Investment
bank Goldman Sachs forecast that
The
economy grew 6 percent last year and is expected to maintain the same growth
rate this year. Since
Sandeep
Mahajan, the World Bank’s Lead Economist for
The
Southeast Asian nation looks to sign a free trade agreement with the European
Union by 2018 that has tariffs on many goods to its major markets drop
considerably.
RoK
fiber factory inaugurated in Tay Ninh
Ilshin
Covering
an area of 220,000 sq.m. in the Phuoc Dong-Boi Loi industrial park, the
factory has a total capital investment of US$177 million.
The
factory specialises in producing thread, finished fiber, and knitted fabric
for export to the RoK, the US, Japan, and China. It will create jobs for
about 500 locals.
Phuoc
Dong-Boi Loi industrial park has a total of 1,417 hectares of land for hire
in a complex of 2,190 hectares.
By
September this year, the industrial park attracted 19 foreign investment
projects with a total registered capital of US$1.87 billion and 2 domestic
projects with investment capital of VND318 billion (about US$14 million).
As
many as 12 projects have begun operations, employing nearly 17,500 workers.
Prospects
for
An
international workshop on prospects for economic cooperation between
It was
released by Foreign Ministry’s Spokesperson Le Hai Binh at a press briefing
in
The
workshop will be a good chance for all sides to review recent economic
achievements, evaluate advantages and challenges for cooperation between
The
event will draw representatives from Middle East and African countries,
international organisations and embassies in
Customs
Reforms for integration into the ASEAN Economic Community
On
September 8,
The
system creates favorable conditions for international trade and
transportation in preparation for the ASEAN Economic Community which will be
established by the end of this year.
Last
year
The
sector is speeding up the application of IT, and improving the effectiveness
of its system management and the connection between sectors. Investment in
equipment and personnel re-organization have been given high priority.
These
efforts will save time and money for businesses. But the time needed to clear
goods through customs has, on average, remained 21 days at seaports and land
border crossings, longer than in
The
sector hopes to shorten the time spent on customs procedures to less than 10
working days for exports and 12 working days for imports by 2016. Those are
the current rates for the ASEAN-4 (
Le Nhu
Quynh, Deputy Director of the Customs Reform and Modernization Committee
under the General Department of Customs, proposed three major solutions.
"They
are “first, we’ll implement a project to improve the effectiveness of
inspections in specialized areas with a focus on perfecting mechanisms and
policies and investing in infrastructure and human resources," he
said.
"Anything
relating to international standards and practices will be implemented at five
key border crossings and seaports –
The
national single-window system has connected the Ministries of Finance,
Industry and Trade, and Transport and now level 4 customs procedures are
being completed online nationwide. By the end of August, more than 1,900
businesses will have declared seaport procedures on the national IT portal,
and more than 1,600 certificates of origin will have been handled online.
Deputy
Finance Minister Do Hoang Anh Tuan said that “the Law on Customs has
regulated the national single-window system and we have sent a circular to
ministries asking them to apply IT to the tasks of issuing receipts, granting
licenses, and checking goods quality. This has helped companies save time and
now all they need is a customs declaration sheet.”
In the
future, the national single-window system will continue to be expanded to connect
the ministries of agriculture and rural development, natural resources and
environment, health, science and technology, information and communications,
and culture, sports, and tourism.
This
is a turning point for administrative reforms aimed at developing an
e-government and a professional, modern, and efficient administration.
Deputy
Prime Minister Vu Van Ninh said, “the national single-window system and the
ASEAN one-door system are important solutions for simplifying administrative
procedures in line with international standards and practices and for
boosting trade, tourism, and investment. This illustrates
September’s
automobile sales surge 17 percent
During
the month, the number of passenger cars sold increased 24 percent against
August to 12,789 vehicles, commercial vehicle sales rose 5.9 percent to 7,594
units and special-purpose cars sales up 29.5 percent to 983 units.
They
were sold by both VAMA members and completely-built-up (CBU) non-VAMA member
car importers.
The
sales of domestically- assembled cars were estimated at 15,936 units, up 18
percent from last month. Meanwhile, the industry recorded a 15-percent rise
in the purchase of imported CBUs to 5,430 cars, up 15 percent.
The
Truong Hai Auto Corporation (THACO) continued to make up the largest portion
of the automobile market (38 percent) with 7,357 cars sold in the month. It
was followed by
By the
end of September this year, auto turnover revved up 53 percent compared to
the same period last year. The sales of passenger cars, commercial cars and
special-purpose cars escalated 40 percent, 71 percent and 130 percent,
respectively.
Also
in the first nine months of the year, domestically-assembled cars and those
imported surged by 52 percent and 57 percent yearly.-
TPP
helps small, medium businesses: experts
The
Trans-Pacific Partnership deal (TPP) will offer more business opportunities
for local small- and medium-sized enterprises (SMEs) though many challenges
still remain, experts said.
The
TPP deal encourages SMEs to develop, economic expert Nguyen Minh Phong said.
Diversification
in the business sectors under the TPP will create large opportunities while
seeking new markets at home and abroad for domestic enterprises, including
SMEs, Phong said.
These
business sectors include information technology (IT), e-commerce and
financial services that will be suitable for young people, especially those
with sound ability in IT and e-commerce.
Economic
expert Huynh The Du said that it offers good opportunities for young people
who have real ability in doing business and want to launch start-ups, Tuoi
tre newspaper reported.
Meanwhile,
according to the Viet Nam Chamber of Commerce and Industry (VCCI), the local
private economic sector represents 50 per cent of the national gross domestic
product (GDP), but operational efficiency of the sector has not improved
much, with 70 per cent of the enterprises running up losses.
Of the
around 500,000 existing private enterprises at home, 2 per cent are large
scale enterprises, another 2 per cent are medium-sized, while the remaining
96 per cent are small-sized firms.
Therefore,
economist Bui Trinh said, in the eventuality of
Nguyen
Dinh Cung, director of the Central Institute for Economic Management, said
that in theory, an economy cannot grow if the private economic sector does
not develop. However, there are still many obstacles in the way of
development of local private enterprises, Thoi bao Kinh doanh newspaper
reported.
To
promote development of the private economic sector when
The
state should also promote renovation of the economic growth model,
restructuring of the local economy and improvement of the business
environment.
The
state should soon issue a law on support for small- and medium-sized
enterprises to solve their existing difficulties in investment and business
activities, Cao Sy Kiem, chairman of the Viet Nam Small and Medium-sized
Enterprise Association said.
The
Ministry of Planning and Investment has compiled the law and launched
meetings to elicit opinions from business communities, associations, and
ministries, apart from cities and provinces, he said.
He
hoped the law will offer support to SMEs in remaining and developing their business
after the TPP come into effect, Dau tu newspaper reported.
Emirates
increases capacity to Ho Chi Minh City
Dubai-based
Emirates airline has reintroduced the Boeing 777-300ER on its
The
new service from
“
“The
up-gauge confirms our strong commitment to bringing high-quality services to
our passengers and to effectively connecting
On
board the Emirates Boeing 777-300ER, passengers can enjoy more than 2,000
channels of the latest movies, TV shows and music from around the world on
the award-winning ice in-flight entertainment system while enjoying specially
created gourmet cuisine served by Emirates’ multi-lingual cabin crew.
Passengers
travelling on the route will be able to accumulate Skywards miles and benefit
from a generous baggage allowance of 30kg in Economy Class and 40kg in
Business Class.
Through
Dubai hub, passengers travelling from Vietnam can seamlessly connect to
Emirates’ vast network of destinations in Middle East, Africa, Europe, the US
and South Asia, in addition to new routes such as Orlando in the US and from
November 3, Bologna in Italy.
Prior
to the capacity increase on passenger flights, Emirates has added a weekly
cargo flight to
Emirates
is the world’s largest operator of the Boeing 777 and the A380. The airline
recently celebrated receipt of its 150th Emirates Boeing 777. With a range of
up to 17,446 kilometres or 9,420 nautical miles, Emirates’ Boeing 777s serve
nearly 100 destinations across six continents.
Decree
enacted on supervising State investment
The
government recently issued Decree No. 87/2015/ND-CP on supervising State
capital invested in the business activities, financial supervision,
performance evaluation, and disclosure of financial information of
State-owned enterprises (SOEs).
The
Ministry of Finance (MoF) has been asked to coordinate with other ministries
and agencies to supervise the investment of State capital in business
activities.
Supervision
must comply with the provisions of Article 51 of the Law on the Management
and Use of State Capital in Production and Business.
Under
the Decree, in the fourth quarter the MoF is to compile a plan on supervising
State capital in businesses for release before January 1, after which related
ministries must comply with the plan.
Where
violations are detected by representatives of State capital in investment or
procedures, the MoF must report to the Prime Minister and apply sanctions
according to the law.
Supervision
is to assess the implementation and efficiency of State capital in businesses
and their financial situation and performance, to resolve any difficulties,
complete business plans, and improve productivity.
Japanese
firm invests $78 million in raising rabbits
Nippon
Zoki
It
will supply input for the company’s biotechnology factory in Que Vo district,
northern Bac Ninh province, to make medicine, while rabbit meat from the
project is expected to be exported to the EU.
Yen
Bai province will provide the best conditions possible to Nippon Zoki,
Chairwoman of the Yen Bai Provincial People’s Committee Pham Thi Thanh Tra
said when she met with company representatives on October 7.
Both
sides said they expected a license would be issued on October 15, a land use
certificate at the end of the month, and a construction license on December
15. Nippon Zoki hopes construction will begin in January 2016.
The
province will support the firm in expanding the project and suggested it use
provincial workers. Ms. Tra directed provincial authorities to provide
support in procedures, tax incentives, and human resources.
General
Director of Nippon Zoki Vietnam Fujimoto Masato committed to follow
provincial requirements and said he will introduce several other Japanese
enterprises to invest in the province in other sectors.
Vinatex
kicks off $5.85 million factory
The
Vietnam National Textile and Garment Group (Vinatex) began construction on
October 7 of a factory in Son Duong district in northern Tuyen Quang province
with initial investment of VND130 billion ($5.85 million); a key project of
the group in the north.
On 5
ha with 40 production lines and 2,000 workers, the factory will have a
capacity once fully completed of 2.5 million products each year and earn
annual revenue of VND800 billion ($36 million).
The
new factory will be invested in two stages. In the first stage, 20 production
lines will begin operations in first quarter of 2016 with the remainder to be
running by early 2017. Output will be for both domestic and foreign markets.
Tuyen
Quang has advantages for the textiles industry regarding transport and population,
according to Vinatex CEO Le Tien Truong.
“Tuyen
Quang is the first new destination in the north of
At the
breaking ground ceremony for the factory, Chairman of the Tuyen Quang
Provincial People’s Committee Pham Minh Tuan said it will create thousands of
jobs, increase provincial budget revenue, and reduce poverty in Son Duong
district and neighboring areas.
Tuan
Chau port opens
The
Tuan Chau Group and the Quang Ninh Provincial People’s Committee officially
opened the
Construction
of the 200 ha port began in 2012 and received total investment of VND10
trillion ($444.4 million). Located in the southeast of
Deputy
Chairman of the Provincial People’s Committee Le Quang Tung said the port
will ensure the safety and convenience of international visitors and ships
when docking to visit Ha Long Bay.
According
to the Chairman of the Tuan Chau Group, Mr. Dao Hong Tuyen, in the next phase
the group will develop the surrounding site into an urban area with high-end
villas, resorts, hotels, restaurants, a business center, a 27-hole golf
course, and school.
The
Tuan Chau tourism area is located on an area of 1,200 ha and is 2 km from the
center of Ha Long city. It includes a complex of 50 five-star villas, 300
hotel rooms, restaurants and other entertainment facilities, including
performances by dolphins, seals, and sea lions, martial arts, and a musical
fountain park.
$1.4
billion invested in Quang Ninh in first nine months
Domestic
investors poured nearly VND30 trillion ($1.4 billion) into northern Quang
Ninh province in the first nine months of this year, the Quang Ninh
Investment Promotion Agency (IPA Quang Ninh) told an investment promotion
conference for the province held in Ho Chi Minh City on October 5 and
attended by nearly 50 companies from the City, Binh Duong, Dong Nai, Vung
Tau, and elsewhere in the south.
The
provincial government recognizes that attracting investment resources from
outside of the State and provincial budgets will contribute to promoting the
province’s economic restructuring, boost exports, contribute to local budget
revenue, and create jobs, Mr. Truong Manh Hung, Deputy Head of IPA Quang
Ninh, told the gathering.
A
number of major investors such as Vingroup, Sungroup, and BIM are developing
large-scale projects, including the Ha Long -
An
improved investment and business environment and greater competitiveness in
Quang Ninh are proven by the provincial mindset in organizing promotion,
investment, and science policies, according to Mr. Pham Ngoc Hung, Deputy
Chairman of the Ho Chi Minh City Enterprise Association (HEA).
“All
of these factors are suitable with the interests of all economic sectors,” he
added. Quang Ninh has been proactive in promoting and seeking investors and
this should attract more high-quality investors to the province.
HEA is
ready to take on the role as a bridge to link and invite more than 8,000
corporate members of the association to look at investment opportunities in
Quang Ninh in the future.
Quang
Ninh also announced a list of projects calling for investment in the
2015-2020 period at the conference, including the Phuong Nam Industrial Zone
infrastructure investment project, Yen Trung Lake Resort, projects developing
a sewage system and a children’s play area in Uong Bi city, and a tourism
development project in Co To district, among others.
KomTek
JSC, a consulting corporation focusing on strategy consulting, operational
consulting, market consulting, and technology consulting has committed to
accompanying Quang Ninh in promoting and attracting other investors to the
province under a memorandum signed between the company and IPA. The company
will introduce strategic investors to certain projects where Quang Ninh is
calling for investors in the 2015-2020 period.
Investors
from 17 countries and territories had invested in 104 projects in Quang Ninh
as at the end of September, with total registered capital of nearly $5.1
billion. according to IPA figures.
Domestic
investment in the province totaled nearly VND68 trillion ($3.3 billion) from
2012 to 2014.
Vietjet
fleet grows to 28
Vietjet
Air’s newest aircraft landed at
An
A320 with Sharklet wingtips, the aircraft is the ninth in a milestone
agreement between Vietjet and Airbus on purchasing or leasing 100 aircraft.
“With this addition to our fleet as well as the continuous launching of
attractive promotions, Vietjet expresses its efforts at ongoing service
improvements,” said Mr. Desmond Lin, Director of Business Development. “This
explains why the airline is receiving more and more support from passengers.”
The
aircraft, with an advanced design that helps reduce fuel costs and CO2
emissions, will boost the carrier’s efficiency and protect the environment.
With a fleet of 28 A320s and A321s the carrier will easily accommodate the
ever-increasing demand during the festive season and the Tet holidays while
at the same time expanding its domestic and international routes.
“When
flying with Vietjet, passengers can experience the full suite of our premium
services, with access to a luxury lounge, comfortable seating on modern
aircraft, a refreshing drink and delicious hot meals served by our friendly
flight attendants, and plenty of special surprises onboard,” Mr. Lin added.
To
welcome the new aircraft the carrier will hold a promotion for its SkyBoss
passengers, with fare reductions of 15 per cent when payment is made via VISA
cards at https://visa.vietjetair.com from now until December 12.
Maritime
Administration wants to build shipping trading floor
The
Vietnam Maritime Administration proposed to set up a trading floor for
maritime transport services as firms have continued to complain about
overcharging for shipping.
Vietnam
Automobile Association president Nguyen Van Thanh complained of unhealthy
competition among freight service providers. He said some transport firms
refused to publicise their capacity or details of transport fees because they
feared competitors may steal their customers.
The
Maritime Administration said the current link between firms, logistic firms
and commodities owners was ineffective, especially when it concerned
international cargo. In addition, Infrastructure links between roads and
maritime services is weak.
The
trading floor could help reduce costs as it would provide greater
transparency on maritime freight prices.
It is
also expected to be the first step in creating a modern and more organised
maritime transport sector.
The
trading floor will cost VND140 million (USD6,300) and possibly be funded by
the state budget. It could be piloted by 2017.
VAMC
buys more than VND91 trillion in bad debt in nine months
The
Vietnam Asset Management Company (VAMC) has purchased VND91.314 trillion
(US$4.1 billion) worth of non-performing loans from credit institutions in
the first nine months of 2015.
VAMC
Chairman Nguyen Quoc Hung said the debt was bought at VND82.155 trillion
(US$3.7 billion) and exceeded the target of buying VND80 trillion (US$3.6
billion) on the books.
He
said the VAMC has been working closely with credit institutions to recover
debt, and sell debt and collateral assets worth VND9.827 trillion (US$442.2
million) over the last nine months, more than double the total amount in
2014.
Since
its establishment in 2013, the VAMC has recovered VND14.847 trillion
(US$668.1 million) out of VND224.869 trillion (US$10.1 billion) worth of bad
debt on the books it has purchased from credit institutions.
The
company has set a target to recover VND10 trillion (US$450 million) in 2015,
which Hung said is expected to be achieved at the end of October.
According
to the State Bank of
As of
August 2015, the bad debt ratio was 3.21% and is expected to fall below 3% by
the end of the year.
Major
int’l woodworking fair set for mid-Oct
The
11th Vietnam International Woodworking Industry Fair will take place at the
Saigon Exhibition and Convention Center (SECC) in HCMC’s District 7 from
October 14 to 17.
Organizers
told a press conference in HCMC on October 6 that the largest industry fair
in Southeast Asia would attract a large number of exhibitors from 21 nations
and territories, including Vietnam, China, Taiwan, France, Italy, Germany,
the U.S., Japan, India, Thailand, Poland and Indonesia.
The
event attracts many exhibitors who are global suppliers of wood processing
machinery as
More
than 280 domestic and foreign companies will showcase some 1,200 machines and
equipment, accessories, wood materials, adhesives, processing and dust
cleaning systems and technologies, among others. Of the 500 booths at the
biennial event, Taiwanese companies will occupy nearly 180 and Chinese firms
130.
The
number of booths this year is up by 125 compared to the 2013 fair and the
total display area is nearly 13,500 square meters, up 20%.
The
event will be jointly organized by the Vietnam National Trade Fair and
Advertising Company (Vinexad), Taiwan’s Chan Chao International Co. Ltd. and
Hong Kong-based Yorkers Trade & Marketing Service Co. Ltd.
The
event is also supported by relevant business associations such as the HCMC
Handicraft and Wood Industry Association (HAWA), the Forest Products
Association of Binh Dinh (FPA), the Binh Duong Furniture Association (BIFA),
the European Federation of Woodworking Machinery Manufacturers (Eumabois),
the German Woodworking Machinery Manufacturers’ Association, the Spanish
Association of Woodworking Machinery, Tools, Equipment and Products
Manufacturers (AFEMMA), Taiwan Woodworking Machinery Association (TWMA) and
the American Hardwood Export Council (AHEC).
According
to HAWA,
IDICO
seeks to expand highway in Binh Chanh
Infrastructure
Development Investment Joint Stock Company (IDICO) has proposed a project to
expand the National Highway 1A section running through HCMC’s Binh Chanh
District at a cost of nearly VND1.89 trillion (US$83.9 million).
According
to IDICO’s feasibility study for the project, the 9.6-kilometer-long section
from An Lac Intersection to the neighboring
IDICO
said VND1.26 trillion (US$55.97 million) of the nearly VND1.89 trillion
needed for the build-operate-transfer (BOT) project would be spent on site
clearance and compensation. The company would break ground for the project in
the second quarter of 2016 and complete it after two years of construction if
it wins approval of the HCMC government.
The
Meanwhile,
the section from An Lac Intersection to the Mekong Delta
Currently,
IDICO is collecting toll fees for the expanded An Suong-An Lac section and
will be allowed to extend the toll collection period if the company get
approval to widen the remaining section.
Mid
and senior candidates sought in Manufacturing
Manufacturing,
Retail & Consumer Goods, Finance & Banking, and Information
Technology (IT) recorded the highest demand for mid-level and senior
positions in the third quarter, according to Navigos Search’s latest report
based on requests from its clients.
Manufacturing
had the most openings for mid-level and senior positions, accounting for 33
per cent of total recruitment needs in the quarter.
Industrial
manufacturing, electronics, and textiles saw the greatest demand. Though
labor demand in manufacturing remains high its growth is slowing, according
to the report.
“Electronics
no longer has an enormous amount of new openings for smartphone engineers
like in the previous two quarters,” the report noted.
The
energy sector, however, including hydropower and thermo-power, experienced
higher demand for senior employees due to more projects being licensed to
foreign investors. Recruitment for the sector currently experiences some challenges
due to a shortage of candidates, according to the report.
Ranked
second in terms of demand for mid-level and senior positions in the quarter,
with 16 per cent of total openings, the Retail & Consumer Goods industry
sees growing demand for mid-level managers while the need for senior
positions is being tempered.
Through
its observations, Navigos Search explains that foreign retail chains have
completed M&A deals and are now in operation after building senior
management teams over the last year. Significant changes are happening in
Retail as some major corporations continue their restructuring process, which
includes job cuts.
Though
only ranked third in the need for mid-level and senior employees, with 13 per
cent, the Finance - Banking - Insurance sector still experiences significant
demand for these positions.
While
foreign banks have little recruitment need due to shrinking operations or
ongoing restructuring of parent companies, domestic commercial banks continue
to look for new employees to expand their operations and for replacement,
according to the report.
“It is
worth noting that the fiscal/financial year of foreign audit firms begins in
July, which makes HR demand greater in this quarter than the rest of the
year,” the report stated.
IT had
great demand for recruitment during the quarter. Though it only makes up 10
per cent of total recruitment needs and is ranked fourth among all sectors,
according to Navigos Search’s data, the industry has experienced a great deal
of development.
Vietnam’s
seafood exports to Australia yielded US$115 million in the first eight months
this year, of these shrimp accounted for 63 percent total export volume,
reported the Vietnam Seafood Producers and Processors Association.
Australia
has become a potential market of Vietnamese shrimp products, ranked the
seventh largest importer after the U.S., Japan, the EU, China, South Korea
and Canada.
Raw
material and processed shrimp exports to
Moreover,
Australian market has high requirements on technical norms, goods origin,
food safety and hygiene and brand names’ prestige.
Vietnamese
businesses should carefully learn about local distribution channels to
facilitate their goods trade in this market, it advised.
Gov’t
okays tra fish decree revision
The
Government has allowed Decree 36/2014/ND-CP on tra fish farming, processing
and export to be revised as proposed by the Ministry of Agriculture and Rural
Development.
The
Government has given the nod to the decree amendment and assigned the
ministry to draft changes to the decree, Pham Khanh Ly, deputy head of the
ministry’s Aquaculture Department, told the Daily on the sidelines of a
conference on social responsibility in the seafood sector in Can Tho City
last week.
Earlier,
the agriculture ministry requested the Government to delay the enforcement
date of the decree governing the moisture and ice-to-fish ratios of tra fish
fillets.
In
Document No. 7678/VPCP- KTN issued by the Government Office, the ministry is
told to study and collect comments of relevant ministries, agencies and parties
which are directly affected by the decree when drafting the revised decree.
The
ministry should look into difficulties enterprises may face when implementing
the decree besides the need to apply the Vietnamese Good Agriculture Practice
(VietGAP) standards and international certificates recognized by
The
ministry should consider drafting regulations to replace rules on the
moisture content and ice-to-fish ratios with those requiring businesses to
make clear the ingredients and quality of their products, as well as weigh
whether to extend the application of registration procedures for tra fish
export contracts.
Ly
said meetings would be held for relevant ministries and agencies to comment
on the draft revised decree to ensure sustainable growth of the tra fish
sector before the agriculture ministry submit it to the Government for
approval.
Earlier,
the ministry petitioned the Government to approve the maximum moisture
content of 86% and the highest ice-to-fish ratio of 20% to be applied until
December 31, 2018 before the respective ratios of 83% and 10% are imposed
from January 1, 2019.
In
addition, the ministry asked the Government to extend the deadline for tra
fish farms to obtain VietGAP and international certificates until December
31, 2016 instead of the end of 2015.
The
ministry also proposed abolishing the regulation requiring companies to
register for export contracts as a condition to complete customs clearance
procedures, and exempting businesses from fees on export contract
registrations.
Supporting
industry in
Domestic
producers, particularly those in the South, have firmly developed their
technological capability and there are an increasing number of Vietnamese
enterprises capable of meeting the demand of Japanese enterprises.
Managing
director of the Japan Foreign Trade Promotion Organisation (JETRO) in Ho Chi
Minh City Hirotaka Yasuzumi made the remark while attending a chain of four
exhibitions on supporting industry held at the Saigon Exhibition and
Convention Centre in
The
exhibitions include the Business Alliance for Supporting Industry 2015, the
International Machine Tools and Metalworking Solutions Show (METALEX Vietnam
2015), the Electronics Assembly 2015, and the Industrial Components and
Subcontracting Vietnam 2015 (ICS Vietnam 2015).
The
JETRO managing director said that the ratio of domestic supply from
Vietnamese enterprises in the North for Japanese enterprises was 11%, in 2014
while the ratio from Vietnamese enterprises in the South was 19%, which was
close to the ratio of 21% in
Deputy
Director of the Investment and Trade Promotion Centre of Ho Chi Minh City
(ITPC), Nguyen Tuan said the development of supporting industry is considered
one of the top priorities of
Manufacturers
from
The
Business Alliance for Supporting Industry 2015 exhibition attracted more than
100 enterprises operating in automobile, motorcycle and electronics sectors.
Spare parts and components for motor vehicles, electronic products,
mechanical components, packaging materials and other accessories are being
showcased at the event.
In the
meantime, METALEX Vietnam 2015 displays the latest machine tools and
metalworking solutions by 500 brands from 25 countries. The Electronics
Assembly 2015 is displaying machinery and technologies for electronic parts
and the components manufacturing industry.
The
events, jointly held by JETRO, ITPC and Reed Tradex, will run until October
10.
Retail
power tariff shortening to increase electricity prices
Most
delegates at three seminars hosted by Vietnam Electricity (EVN) in the
northern, central and southern regions have agreed with shortening of retail
electricity tariff which will increase power prices, said EVN deputy director
Dinh Quang Tri.
The
country’s largest power company had previously hosted seminars to collect
opinions on the retail power tariff change and given three measures.
96
percent delegates at the seminars have agreed with the fifth scenario of the
third measure, which will reduce the tariff’s levels to 3-4 instead of six as
present.
This
scenario will not affect households using less than 50kWh a month but will
increase the price to those using from 50-100kWh and from 300kWh a month.
The
above measure satisfied the Electricity Law and created conditions for
businesses and consumers to examine and supervise electricity price, said the
delegates.
They
proposed EVN to limit the tariff’s change impact to poor and low income
households who consume little electricity and extend the power output of the
first level to 0-100kWh instead of 0-50kWh as present.
EVN is
scheduled to work with the Electricity Regulatory Authority and consultant
units to continue collecting public opinions and improving the retail power
tariff.
Afterwards,
it will synthesize opinions in a report and send it to the Ministry of
Industry and Trade and then the Prime Minister to decide new retail power
prices.
VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VET/VIR
|
Thứ Hai, 12 tháng 10, 2015
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