|
BUSINESS IN BRIEF 30/5
Market
rallies as VAMC moves ahead
The market was
buoyed by general confidence and the information that the national asset
management corporation (VAMC) would be officially operational in July with
shares showing robust growth on both stock exchanges last week.
The benchmark
VN-Index on the HCM City Stock Exchange gained a cumulative 2.6 per cent
during the week, finishing Friday at 500.24 points, while the HNX-Index on
the Ha Noi Stock Exchange climbed 3.6 per cent to a close on 62.61 points on
Friday.
Selling pressure
increased towards the end of the week as many investors sought quick profits
but strong market confidence helped absorb those shares.
The trading volume
on the southern bourse increased over 60 per cent over the previous week,
averaging 69.3 million shares worth nearly VND1.16 trillion (US$55.2 million)
per session.
On the northern
market, the volume of trades jumped 82.5 per cent compared with the previous
week, totalling 49 million shares worth almost VND409 billion ($19.5 million)
per day.
Increased liquidity
along with both indices surpassing their short-term technical barriers was
consolidating investor confidence that cash flows were returning to the
market. However, many analysts warned that the current rally would not be as
strong as expected.
According to Nguyen
Tuan, head of the FLC Securities Co's analysis department, the market rises
last week were supported by the information of the VAMC establishment in July
but, because all the terms related to its operation had already been
discussed and reflected in previous uptrends, this information would not
affect the market as strongly as might otherwise have been expected.
"The market
shows signals of short-term profit taking but not in a massive way. The
foundation of the current rally is quite good so the price rises will not
likely stop in the near future, but accompanied with several declining
sessions," Tuan said.
Nguyen The Minh, an
analysis of Viet Capital Securities Co, said: "The market tends to rise
in a narrow band. The VN-Index could reach its next short-term support level
of 520 points and the HNX-Index 65 points. However, the market may experience
a few corrections to test demand at new support levels."
Minh said
exchange-traded funds would restructure their porfolios in July and the
increases or decreases in the number of shares in their investment baskets
would affect the market.
Foreign sectors
continued to conclude last week as net buyers on the two markets but their
buys fell sharply compared with previous weeks. According to many analysts,
foreign investors also increased their sales to realise cash profits as they
were net sellers in the last two sessions.
They were
responsible for a net buy of just VND8.3 billion ($395,000) worth of shares
on the
They also picked a
net buy of VND20.7 billion ($986,000) worth of shares on the Ha Noi Market,
favouring speculative stocks like NET Detergent (NET), PetroVietnam Drilling
Mud (PVC) and Sai Gon-Ha Noi Bank (SHB).
Yen
devaluation troubles exporters
The Japanese
yen has dropped by nearly 20 per cent over the Vietnamese dong in the last
six months, leaving exporters worried about further losses if the currency
continues to be devalued.
Cao Van Sang,
general director of Sai Gon Plastics JSC, who exports plastic parts used in airport
trolleys, said his company had agreed to reduce payments on contracts by 0.02
per cent, with the condition that payments be made in US dollar.
Previously,
Japanese customers had wanted his company to receive payments for contracts
in either yen or dong, he said.
Six months ago, the
exchange rate fell from VND246.05 to VND205.34 on May 21, a fall of VND40.71
per yen.
The yen's
devaluation has also affected Vietnamese exporters of farm produce.
Nguyen Pham Thanh,
general director of Highland Dragon Co, which is based in Song Than IP No 1
in southern
"The price of
imported goods in general, and tuna products in particular, rose sharply in
the past several months. This caused Japanese importers to re-consider signed
import contracts," Thanh was quoted by Tuoi Tre (Youth) newspaper as
saying.
Nguyen Van Kich,
general director of the Hau Giang-based seafood joint-stock company Cafatex,
said that Japanese buyers of Cafatex's shrimp were facing difficulties
because selling prices had risen because of the yen devaluation.
"The price of
imported shrimp from
To avoid risks if
the yen becomes stronger against other currencies, Japanese importers and
distributors have changed their mode of purchasing from long-term contracts
for large volumes of shrimp to smaller volumes after selling their
stockpiles.
Nguyen Trung Dung,
commercial counsellor at the Vietnamese Embassy in
According to the
Trade Affairs Department in the Vietnamese Embassy in
Major increases in
Footwear exports
rose to $121 million from $103 million in the first four months of 2012.
Garment exports to
The department also
reported a slump of $268 million in crude oil, $15 million in coal sales, and
a 4.8 per cent drop in seafood exports from
Rice buy
mapped out
The Ministry of
Agriculture and Rural Development (MARD) plans to buy 1 million tonnes of
rice for reserve beginning June 15 over a two-month period.
The aim is to
stabilise paddy/rice prices and to prevent a sharp drop in prices at harvest,
which could lead to losses for farmers in the next summer-autumn crop.
According to MARD's
figures, the southern region is expected to harvest more than 9.3 million
tonnes of paddy, or more than 4.65 million tonnes of rice, in the coming
summer-autumn crop that ends in late August.
Of that amount, at
least 3.1 million tonnes of rice will be for sale, and the rest kept in reserve
for national security and for future export.
From June until the
end of the year, the country will keep 5.6 million tonnes of rice in reserve,
including 3.75 million tonnes of summer-autumn and autumn-winter crops for
export, according to Nguyen Ngoc Thua, head of MARD's Production Department
for Agriculture-Forestry-Seafood Processing-Salt.
Thua announced the
figures at a meeting held by the ministry in the Cuu Long (
A representative of
the Ca Mau Department of Agriculture and Rural Development said the planned
reserve purchase period, from June 15 to August 15, is not suitable for Bac
Lieu and Ca Mau provinces, as the summer-autumn crop falls in mid-September.
Truong Thanh Phong,
chairman of the Viet Nam Food Association, said that many provinces in the
Cuu Long (
"The world
market right now has a large volume of rice in surplus, which has forced
If the world market
becomes more favourable for Vietnamese rice in June and July, the volume of
rice for reserve purchase should be lower, said Phong.
A lack of proper
facilities also hinders food companies from making plans to buy rice for
reserve, he added.
To help farmers
sell all the paddy harvested in the summer-autumn crop, delegates at the
meeting asked MARD to increase the amount to 1.5 million tonnes and extend
the time for purchasing since harvest times vary in different localities.
City plans
restructuring
The volume of
growth in
Under the plan,
high-tech products and services would account for 40 per cent of the city's
GDP by 2015.
With major markets
in the
Sai Gon Hi-Tech
Park said it would target total exports of $10 billion by 2015.
Also, by that time,
products made in high-tech parks would have 25 per cent of locally-made
parts, and 40 per cent by 2020.
Since 2011, the
city has been promoting its high-tech sector, particularly its support
industry. More locally made parts can help meet the demand of major
manufacturers like Intel and Nidec, it said.
The city has also
scaled up projects to make more electronic and IT products at Sai Gon Hi-Tech
Park,
According to the
city's Department of Industry and Trade, the IT sector had 63 per cent growth
last year, with total turnover of VND86 trillion (US$4.1 billion), including
VND78 billion in hardware and VND8 trillion in software.
The Sai Gon Hi-Tech
Park's export turnover rose from $1 billion in 2011 to $2.1 billion last
year, while Quang Trung Software Park attained local revenue of VND1.03
trillion ($49 million) and export turnover of $50.7 million.
During a meeting
with a National Assembly delegation in April, the Department of Industry and
Trade said exports of high-tech products from
This was triple the
previous year's figure and accounted for 11.4 per cent of last year's total
exports in
In the first four
months of this year, the city's exports of hi-tech products rose to $654.8
million, an increase of 53.8 per cent compared with the same period last
year.
Exports of
electronics and components from
Major importers of
Resource
shortages cause public concern
Meeting future
energy needs is an important issue facing seven out of 10 people in
Other issues of
concern were employment and cost of living, the survey showed.
By 2030, it is
estimated that the world will need 40 – 50 per cent more energy, water and
food to keep up with rising demand, according to the United Nations and Shell
scenarios. This could place significant stress on these vital resources.
Many Vietnamese are
increasingly aware of these issues and the role they can play in addressing
it.
For eight out of 10
Vietnamese surveyed, water, food and energy shortages, as well as higher
energy prices, were seen as having the greatest impact on
"Growing
concerns about the world's vital energy, water and food resources, and the
impact of climate change, have driven many Vietnamese to think about the
future of energy more seriously," said Nguyen Anh Tuyet, Shell Viet Nam
country chair.
"To meet
growing needs, the world will have to mobilise all forms of energy over the
coming decades," Tuyet said.
"But the
challenge of ensuring sufficient supplies of energy, water and food is
magnified by the linkages between them. These challenges will need to be
addressed intelligently and in unison."
The "Future
Energy Survey" showed that Vietnamese most favoured a mix of sources to
help meet future energy demand.
Most preferred
solar energy (72 per cent) as the country's energy source, followed by hydro
energy (58 per cent) and wind power (47 per cent).
Using bio-fuels was
also viewed as being better for the environment and a means to reduce carbon
dioxide emissions, which was considered very important to a majority of the
Vietnamese community.
The survey also
revealed that nearly two-thirds of Vietnamese believe the general public has
a role to play in creating a better energy future.
Many Vietnamese are
already taking individual steps, such as using less energy (78 per cent) and
using energy-saving products (74 per cent).
However, they view
collaboration as the key to building future energy solutions, with government
playing the most significant role.
Firms plan
to hire more people in the coming year
Enterprises
nation-wide plan to enlarge their staff this year by up to 68 per cent over
2012, according to a report by recruitment website vietnamworks.com.
The website's first
online employment report for 2013 is based on an annual survey of its
customers.
In comparing 2013's
first quarter to that of 2012, the company reported stability in the total
number of job postings that it received.
"While this
stability in total jobs may sound a little unexciting, we regard it as a
great base for the rest of the year," said Carlton Pringle, Chief
Executive Officer of VietnamWorks.
"2012 kicked
off in a period of high inflation and general growth, and high wage inflation
had more people moving jobs and so on, so our Q1 numbers reflected that 2013
commenced with the hangover of late-2012, and general economic malaise, so to
return an almost identical quarter YOY is quite a solid foundation for a
strong 2013.
"Further – and
most encouragingly – we saw our best week in history at the end of February
2013, followed by a strong month in March with YOY 9 per cent growth in terms
of job postings."
Other important
findings show Ha Noi as the best city in the country to find a job at
present, ahead of
The best industries
for young job seekers remain IT, notably software development in Da Nang,
where job growth in this industry has tripled; electronics (up 28 per cent);
consulting (up 32 per cent); textile and foot-wear (up 38 per cent);
pharmaceuticals and bio-tech (up 66 per cent); and retail and wholesale (up
105 per cent). These industries have proved themselves recession-proof with
all of them recording listing growth.
Various
administrative/clerical sectors, marketing, and architecture/interior design
have not fared as well, with declines of 38, 31 and 23 per cent,
respectively.
Tax cuts
boost small-car sales
Car manufacturers
in
The trend follows a
draft plan to develop the
According to the
Viet Nam Economic Forum, automobile makers have said if the draft plan is
approved long-term, they will strongly invest in manufacturing.
General Motors Viet
Nam is one of the manufacturers who stand to benefit. It recently introduced
the new, automatic, one-litre Chevrolet Spark for VND377 million (US$18,000).
Huyndai Thanh Cong is offering Elantra models from VND699 million to VND756
million (from $33,300 to $36,000).
Honda Viet Nam in
The director of
Hyundai Thanh Cong, Le Ngoc Duc, said policies for the industry were so
changeable that his company did not dare to maintain investment in manufacture.
Duc said if the
Government's coming policies were preferential and stable for domestic
manufacture, his company would boost assembling in
Director of General
Motors Viet Nam Gaurav Gupta said the recent cut in ownership registration
fee from 20 per cent to 10-15 per cent of a car's value had improved the
market further and raised makers' turnover.
"We are
waiting for a renovation in
According to the
director of Vinaxuki, Bui Ngoc Huyen, if the special consumption tax rate and
ownership registration fee were cut for small cars, buyers would save from
US$5,000 to $7,000 for each unit they purchase.
"This would
bring prices down. It's really good news, not only for those who dream of
possessing cars, but also to automobile makers, who hope to boost
sales," said Huyen. "We wish the new policies are issued as soon as
possible."
"Competitiveness
remains hottest for roles in administration and accounting and import/export
roles, where we typically see the highest numbers of applications per job and
the most job seekers specifying those industries as desired employers,"
said Pringle.
Businesses
want more guidance from tax office
Nearly 70 per cent
of business leaders in
This is revealed in
a quarterly report released last Friday by consultant Grant Thornton
International in a survey of 3,000 businesses in 44 countries, which was
conducted in January and February.
The report added
that two-thirds of world businesses would like more tax guidance from tax
authorities on what was acceptable and unacceptable tax planning, even if
this provided less opportunity to reduce tax liabilities across borders.
Seventy five per
cent of eurozone businesses were keen for more guidance compared to just 54
per cent in
Francesca
Lagerberg, global tax leader at Grant Thornton, said: "Reducing
liabilities across borders can offer significant tax savings, so it is
interesting to see how open business leaders are to improving guidance and global
co-operation.
Business leaders
are also critical of what the tax regimes in their economies are set up to
achieve. Just 31 per cent globally said their local tax laws and policies
were geared to stimulate economic growth.
Senior executives
in Southern Europe (11 per cent) and
However, in
Moreover, 49 per
cent of business leaders believed their current tax regime did not bring
enough economic participants into the tax base, although there was a large
divergence of opinion between G7 businesses (63 per cent) and their BRIC
peers (17 per cent).
A further, 41 per
cent of businesses do not believe their tax regimes are sufficiently
redistributive, led by those in
These figures are
in contrast to
Lagerberg, added:
"Tax is a cost to businesses in its simplest form so it is perhaps
unsurprising to see few associate it with economic growth. Moreover, many
mature economies around the world are undergoing severe fiscal retrenchment
and business leaders are seeing taxes rise even as growth remains flat.
Industrial
production rallies
The industrial
production index (IIP) increased 6.7 per cent year-on-year in May, placing
total growth for the first five months at 5.2 per cent.
This represented an
improvement over the first quarter, but still dragged behind last year's
growth, according to the General Statistics Office.
Still, the office's
economic specialist Vu Quang Ha said that the move showed industrial
production was rallying after its recent slump.
Manufacturing and
processing, which accounted for over 70 per cent of all industrial
production, expanded 5.5 per cent in the first five months. But last year,
they grew 6.3 per cent.
Some products in
these areas saw significant growth, such as casted metals (up 15.3 per cent),
leather (up 14.7 per cent), paper and paper products (up 12.7 per cent) and
beverages (up 11.8 per cent).
But several major
products did not grow and some even declined. Textile fabric rose only 5.5
per cent, crude oil increased a scant 3.3 per cent and raw iron and steel
were down 7 per cent.
The consumption
index increased 5.7 per cent year-on-year as of May, while the inventory
index, though gradually declining, remained high at 12.3 per cent.
The inventory index
went up significantly for many major products, such as computers and
electronics and optical goods (up 46.8 per cent), electric devices (up 26.3
per cent) and furniture (up 32.2 per cent).
According to
statistics office experts, the index was not showing signs of easing, with
inventories of produced goods at 74 per cent in April and nearly 77 per cent
in the first four months. The secure level is regarded as 65 per cent.
Lacoste
studies business conditions in Quang Nam
A delegation from
the French Lacoste group has made a fact finding tour of the Phuoc Ky Nam
Joint Stock Company in the central province of Quang Nam as part of a plan to
seek investment opportunities here, according to the Quang Nam Newspaper
Online.
During their trip
last week, Global President of Lacoste Footwear Andy Simister and his
entourage also held a working session with local administration officials.
Quang
The delegation made
positive assessments about the investment conditions of Quang
Earlier the French
group also sent delegations to the province to study the possibility of
opening a processing facility.
Vietnamese and
Italian timber businesses launched a connectivity programme in
The programme,
initiated by the Handicraft and Wood Industry Association of Ho Chi Minh City
(HAWA), the Chamber of Commerce of Italy’s
HAWA President
Nguyen Chien Thang said the wood processing industry in
To meet the
increasing demand of the export market, HAWA is making great efforts to seek
potential partners through trade and investment promotion programs. The
Vietnam-Italy business links program is one of the activities to help HAWA
meet its goal.
Italian Ambassador
to Vietnam Lorenzo Angeloni said
Promotion agencies
should create the best possible conditions for businesses to expand their
relationships and penetrate international markets, Lorenzo said.
The Italian
businesses joining the program seek to gain a better understanding about
During their stay
in
Seminar
highlights consumer rights
The Vietnam
Standard and Consumer Association organised a seminar in
Representatives
from the Ministry of Industry and Trade, the Vietnam Standard and Consumer
Association and businesses agreed that the first and foremost responsibility
of enterprises is to ensure the quality of goods.
The association was
asked to improve its role in connecting enterprises and consumers.
Last year, it
successfully addressed 83 percent of the 961 complaints, which mainly focused
on restaurant services, e-commerce and property sectors, cosmetic and
pharmaceutical products.
Representatives
suggested enterprises boost their connections with retailers and associations
across the country to protect both their own and consumers’ rights.
E-commerce
sales to reach US$1.3 bn by 2015
Total earnings of
local e-commerce deals in 2012 were estimated at US$700 million, while 47
e-commerce exchange centres registered with VECITA generated US$354 million
in sales.
Meanwhile, the
proportion of non-cash payment was reduced to 11.8 percent in 2012.
In specific, bank
card payment accounted for only 0.2 percent of the total value of non-cash
payment during the same period. As of June 2012, there were 47.2 million bank
cards released locally.
Major
Cambodia complex backed by VN investment
The largest complex
of sugarcane, ethanol and thermal power plants in
The main investment
has come from Kamdhenu Ventures Cambodia Limited (KVCL), a joint undertaking
between
According to the
KVCL, the US$90.7 million plant is one of the biggest foreign investment
project in
Located in
northeastern
The factories can
produce 3,500 tonnes of sugarcane and 30,000 litres of ethanol per day. The
thermal power factory will produce 20MW per day.
According to the
investor, as well as providing economic benefits, the plant will
significantly contribute to social security, employment opportunities and
income for local people. More than 500 plant labourers and thousands of
workers in the community will benefit, making annual an revenue of about $23
million, contributing to the economic development of
On the same day,
Vietnamese Five Stars Group signed a co-operation contract to provide
fertiliser to grow the sugar cane in the plant.
Addressing the
ceremony,
Agriculture
export earnings take tumble
The decrease was
due to difficulties in both markets and prices, which affected major
agricultural and fishery products, according to MARD.
Meanwhile, the
country's agricultural import turnover rose 4.9 per cent against last year,
pulling the trade surplus of the industry down to $3.7 billion.
In the Jan-May
period, the country shipped abroad 2.86 million tonnes of rice, bringing home
$1.26 billion, representing decreases of 3 per cent in volume and 8 per cent
in value year-on-year.
Coffee businesses
delivered 697,000 tonnes to foreign importers, down over 23 per cent
year-on-year, for an earning of $1.49 billion, a drop of nearly 22 per cent.
Tea export also saw
a 5.6 per cent decrease in volume, with 48,000 tonnes shipped abroad, but
enjoyed a 1.3 per cent rise in value to $73 million thanks to higher price.
Among agricultural
products, cashew and pepper recorded the most impressive growth in both
volume and value.
The five-month
pepper export volume rose 13.9 per cent to 68,000 tonnes, earning $446
million, up 9.6 per cent.
At the same time,
the country earned $2 billion from exporting wood and wooden products, a
surge of 10.4 per cent. Except for
In the contrary,
seafood export saw a 5.6 per cent decrease in the first five months of 2013,
with $2.2 billion. The
In face of the
situation, MARD has directed businesses to further improve their product
quality, while expanding to new markets to further step up exports of key
agro-forestry and fishery products.
Lending
jumps 2.3 per cent
Total lending of
the whole banking system on May 22 increased about 2.3 per cent over the end
of last year, the State Bank announced yesterday. Dong loans were up 4.6 per
cent while foreign currency lending declined 8.1 per cent.
There was a high
possibility that general credit growth would reach 2.5-3 per cent at the end
of this month, which would be a good sign after lending declined 1.7 per cent
in the first four months, the central bank said.
Mobilising interest
rates for the dong at many credit institutions now hover around 5-7.5 per
cent for terms of less than 12 months and 8-10 per cent for terms of 12
months or more.
Enterprises that
could prove their financial situation was healthy and their production and
business plans were effective could manage bank loans with an interest rate
of 7-8 per cent, according to the bank.
Disposable capital
in dong of lending institutions met compulsory reserve requirements.
Woodworkers
strive for joint ventures with Italian firms
The plan, developed
by the Handicraft and Wood Industry Association of HCM City, has been funded
by the Italian Government.
It is now being
executed by the United Nations Industrial Development Organisation and
It is aimed at
improving the competitiveness of Vietnamese firms through extensive technical
assistance programmes to address their main weaknesses like design capacity,
marketing, and innovation.
It also seeks to
promote partnerships between Vietnamese and Italian firms and business
groups, heard a conference titled "Industrial Cluster Enterprises
Partnership" to promote the partnerships in
Nguyen Chien Thang,
Hawa chairman, said Vietnamese firms had the opportunity to acquire
technology and managerial expertise from their Italian counterparts through
seminars and training courses organised in the project's first phase.
"The second
phase will strengthen technical support to enable more Vietnamese companies
to benefit from Italian expertise in several areas," he said.
But, like in
Linking up with
Vietnamese SMEs, whose strengths are low costs, easy access to Asian markets,
Italian firms would enable the two sides to become very competitive in the
global market, he said.
But such
co-operation remains rare, he said, hoping it would improve and they would
establish joint ventures to produce wooden products in
Attending the
conference was a delegation of Italian business executives from the
woodworking industry that visited
Michele D'Ercole,
chairman of the Italian Chamber of Commerce in
Thang said Viet Nam
can increase wooden products exports to tens of billions of dollars — from
US$4.6 billion last year — if the Government and enterprises sit together to
come up with a development road map.
Exports in the
first five months of the year were worth $2 billion, a year-on-year increase
of 10.4 per cent, according to the General Statistics Office.
Thang said demand
for wooden furniture in the
Business booming
as start-ups soar
The number of
enterprises established in the first five months of this year increased 4.8
per cent to reach 31,009, according to the Department of Business
Registration Management.
Bui Anh Tuan, the
department's Deputy Director, said that for the first time, this number was
up from the previous year. In the three-month and four-month periods, the
numbers were 14 per cent and 1.2 per cent lower than 2012.
Sectors which
experienced high increasing rates saw fewer enterprises founded, such as
financial, banking and insurance (down 6.8 per cent), construction (down 7.1
per cent) and real estate business (down 14.3 per cent).
Fewer enterprises
were dissolved in May, with only 570, a reduction of 27.1 per cent over last
month. About 3,020 enterprises halted operations, 15.4 per cent and 13.5 per
cent lower than last month and last year.
These figures show
that while the business climate is improving, difficulties continue for
enterprises.
Tuan pointed out
that the number of enterprises that temporarily halted construction in the
five-month period still experienced a 13 per cent increase. However, this was
still good news, as it indicated a steady decline from the 26.1 per cent
increase of the three-month period and 16.9 per cent increase of the
four-month period.
Coal export
tax will be raised to 13 per cent
The Ministry of
Finance late last week issued Circular 71/2013/TT-BTC amending the export tax
on coal (Code 27.01 and Code 27.04) in the export tax list.
Under the circular,
export tax on fossil coal, briquette, ovoid coal and solid material made from
fossil coal, coke coal and half-coke coal refined from fossil coal, lignite
or peat will be raised to 13 per cent from the current rate of 10 per cent.
The new export tax
rate will be applied as of July 7 this year.
Data from Tax
Office in
Domestic incomings,
excluding from crude oil and land use tax, touched VND42.38 trillion,
accounting for 31.8 percent of the target, and 80.3 percent of that in the
same period last year.
As for incomings
from the real estate market, the tax collectors have just collected around
VND1.87 trillion of land use tax, accounting for 15.7 percent of the target
and 61 percent of that in 2012.
As for incomings
from land lease, collection is VND495 billion, up 31.35 percent year-on-year,
but merely 45 percent of the target.
Tax collectors
forecast that with such stagnation in the property market, real estate
companies will have no revenue to pay tax, which will seriously affect the
national budget of the City.
Small scale
livestock breeding under threat
According to a
survey by the Department of Agriculture and Rural Development in the southern
Better breeding
chicken and livestock methodologies and advanced technology has helped FDI
companies lower their cost price.
When pork price
falls to as low as VND38,000 a kilogram, FDI businesses still profit while
breeding farms lose VND2,200 a kilogram and households around VND5,000 a
kilogram.
A kilogram of white
industrial chicken fetches only VND14,000, causing a loss of VND8,000 to FDI
companies, but for breeding farms it is upto VND17,000.
Officials from the
Department of Agriculture and Rural Development in Binh Dinh Province said
that blue ear disease and bird flu occur annually, resulting in both price
fall and reduction in scale of breeding each successive year.
The number of small
scale farms is still high, providing 65-70 percent of total output. Since
2003, diseases have mainly occurred in small scale farms run by households
while large scale farms have been able to protect their chicken and livestock
with advanced methods.
Nguyen Xuan Duong,
deputy head of the Livestock Department under the Ministry of Agriculture and
Rural Development, said that pig and chicken breeding has dropped by 2-2.5
percent over the same period last year and by 3-4 percent for buffaloes and
cows.
Nguyen Van Bac,
deputy head of the
Dr. Bac has
proposed to group households in cooperatives that authorized organs will
organize training courses to provide them with breeding knowledge and
measures to prevent diseases. They will also help breeders apply advanced
technologies to reduce cost price.
16 more
state-owned enterprises re-organised
In the first five
months of 2013, 16 more state-own enterprises (SOEs) have been re-organised
under a project to re-arrange and renovate SOEs for the 2011-2015 period.
This was announced
at a meeting held by the Steering Committee on Corporate Renovation and
Development in Hanoi on May 27.
Among the 16 SOEs,
10 businesses were equitised, 5 others were merged and one new business was
established.
Last year, 22 SOEs
were rearranged under the project.
By April 2013, the
Prime Minister has approved 99 out of 101 projects on SOEs rearrangement and
renovation submitted by ministries and branches, localities and businesses,
the committee said in a report presented at the meeting.
By May 20, the
Prime Minister has also adopted 17 out of 21 reform projects submitted by
State-owned groups and corporations, including Vietnam National Textile
Garment Group, Vietnam National Oil and Gas Group, Vietnam Electricity Group,
Vietnam Rubber Group, and Vietnam Airlines Corporation, among others.
Addressing the
gathering, Deputy Prime Minister Vu Van Ninh, who is the head of the
committee, noted that the building of mechanisms and policies on
re-organising SOES is lagging behind schedule.
He also urged those
SOES that already have their re-arrangement plans approved by the Prime
Minister, to speed up the work.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
|
Thứ Tư, 29 tháng 5, 2013
Đăng ký:
Đăng Nhận xét (Atom)
Không có nhận xét nào:
Đăng nhận xét