Social News 1/12
Court sentences four for forging passports
The Ha Noi People's Court on Thursday sentenced four persons to several years in prison for forging authorised signatures and immigration documents to help two people flee abroad.
According to the indictment, the four persons are Phan Van Lap, 46, from Quang Binh Province; Phi Manh Thang, 32, from Thach That District in Ha Noi; and Hoang Anh Tuan, 40, from Dong Da District in Ha Noi; as well as Bui Phu Binh, 23, from Phuc Tho District, Ha Noi.
Tuan had earlier worked as an immigration police officer at
The four convicts forged authorised signatures, immigration documents and passports to help two other persons flee to
The two persons who used these fake documents were caught in Noi Bai in 2013.
While Lap was sentenced to 45 months in prison, Thang received a 33–month sentence, Tuan got 24 months in probation and Binh was jailed for 12 months.
Land erosion hits Ha Noi farmers
Rising tides in the
In recent years, more has been reported to be flowing through the small river, eroding 4km of banks in the commune.
Bui Tuan Cu, chairman of the Quang Bi Commune People's Committee, said unusual weather has caused the erosion. Commune authorities have told residents to drive bamboo stakes into the ground to keep the land stable.
Do Viet Thang, head of Village 5 in the commune, said 300 of the village's 700 households had been damaged by rising water.
Dao Duc Khang, a resident in the village, said his family once had more than 360 square metres of land, but this had been reduced by a third.
When it rains heavily, the 200 families facing the brunt of the flooding temporarily move to a neighbouring commune, Tran Phu.
Many residents have provided their land to build a dyke to protect them from the river, said Do Viet Huu, another resident.
In May, they surveyed the possible route of the embankment. However, they have not started working on it yet, despite hoping to finish it by October.
City authorities stepped in and built a 700m-dyke along the river, but more than 3km has been left unprotected due to a lack of funds.
Ca Mau airport closes for runway repairs
The airport in the southernmost
Codeshare flights (between Vietnam Airlines and VASCO) between
The two carriers have contacted passengers booked on these flights and arranged alternative transport, the CAAV said.
One dead, four injured in Ha Noi market fire
One person died and four others were injured after a kiosk in Ha Noi's Thuong Thanh Market caught fire on Saturday.
Vu Thi Diu, mother of the kiosk owner, was found dead after fire fighters failed to reach her in time, while Tran Thi Nga, the kiosk owner, and three other family members were injured.
The injured victims were taken to hospital for treatment.
Rotten meat headed for food stalls seized
Police seized 250kg of rotten cow and buffalo parts being transported to
Police said that Nguyen Thi Ha from
Ha failed to provide hygiene certificates for the meat. Police stopped the cargo on the
Internal organs like hearts, stomachs, kidney and livers of cattle and poultry are used as food materials in
The truck was stopped for inspection in Binh Tan District. The truck driver, Nguyen Quoc Truong, failed to show proper invoices for the goods.
The case was handed to Binh Tan District police for further investigation.
Residents march to protect the dugong
At least 800 hundred locals in the southern
Local officials, residents, tourists and 300 secondary school students marched around the island's streets carrying banners highlighting the plight of the rare mammal.
The dugong is listed by International Union for Conservation of Nature as a vulnerable species.
According to WAR, dugong numbers have fallen into the hundreds as their they are hunted for food, traditional medicine and jewellery.
Dong Thap aims to boost rice, fish farming
The Mekong Delta
The Government and the Ministry of Agriculture and Rural Development chose the heavily-based agricultural province as the first to pilot the national agricultural restructuring plan. Dong Thap produces the most tra catfish and ranks third for rice production. Agriculture accounts for 36 per cent of GDP.
The province aimed to achieve a growth rate of more than 5 per cent by 2020 and reduce the number of poor households by two percentage points annually, according to Provincial Party Committee Secretary Le Minh Hoan. In addition to rice and tra catfish, the province would focus on mangoes, bonsai trees and poultry.
Under the project, rice-growing land would be divided in two. One 10,000ha area with the annual yield of 1.5 million tonnes would provide rice for export to key markets such as
Chairman of the provincial People's Committee Nguyen Van Duong said the province had made several requests to the Government, including subsidies for farmers, piloting public private partnerships in developing agricultural and rural infrastructure, building industrial-services zones in the intensive cultivation areas and developing key agricultural commodity value chains.
He also said that the province would create favourable conditions for enterprises investing in agricultural development when it came to obtaining capital, premises and human resources.
Delegates suggested that the province clarify how it would boost the value of the five key products, citing tra catfish fat as an example.
Unions review rights of workers abroad
A conference to discuss how trade unions should protect migrant and guest workers' rights and interests was held in Ha Noi yesterday.
Representatives from local trade unions, labour export agencies and organisations reviewed
They said more co-ordination between trade unions and relevant organisations in and outside the country was needed to assist and protect contracted Vietnamese workers abroad.
A pilot programme with
During the event, jointly held by the
The unions should collaborate closely with State agencies and the Viet Nam Association of Manpower Supply to monitor and inspect the implementation of laws among labour export enterprises, they said.
Labour exports are an important part of a long-term strategy that will serve national construction and international co-operation.
The VGCL always said Vietnamese guest workers were an indispensable part of the country's workforce and needed protection.
According to the Overseas Workers Management Department under the Ministry of Labour, Invalids and Social Affairs, in October 2014, 7,774 Vietnamese were sent to work abroad.
In the first 10 months of this year, 91,143 Vietnamese workers went to work in other countries, exceeding the 2014 plan by 4.76 per cent.
Better medical research vital need in Viet Nam
At present, a few medical students are sent abroad to study and conduct research, head of the Ministry of Health's Science, Technology and Training Department Nguyen Cong Khan, said at an annual meeting held yesterday by the Viet Nam Public Health Association.
He said that improving the quality of education for medical students in local medical universities was imperative.
The Ministry of Education and Training is piloting medical research at universities in Ha Noi and
The Public Health Association has been asked to consider setting up an independent centre to verify the quality of the research, he said.
Doctor Nguyen Duy Phong, from HCM City Medicine and
However, he admitted that the university was confused about how to turn the university into a research establishment in lined with global trends.
The annual meeting drew more than 100 medical officials and experts from throughout
Thousands sign up to donate corneas
Nearly 40,000 people have registered to donate their corneas to the Eye Bank, which has already received 461 corneas from 235 people in the past five years, according to the Viet Nam National Institute of Ophthalmology (VNIO).
The institute honoured 37 families and individuals yesterday for their outstanding contributions to the development of the Eye Bank and cornea donation mobilisation.
Closer links needed between Vietnamese universities and industries
Closer co-operation between universities and industries is needed to further promote human resource training and innovative research in
Pham Hoang Luong, vice president of the Ha Noi University of Science and Technology, explained that apart from carrying out their traditional teaching and research activities as generators of public knowledge, many universities in
They could provide industries with well-trained graduates and basic and applied research results from which new products and processes may evolve.
In return, universities could obtain from industries significant benefits such as additional new investment resources through industrially sponsored research which will enable university researchers and students to work on and study problems in the real world, Luong said.
Professor Pasi Malinen of the
He revealed that in
Petrus Ng, BASF Vietnam managing director, said that in a highly diversified and globalised international network, new ideas were generated and new impulses were given to research.
"This is why we involve external partners in our innovation processes and maintain numerous contacts with businesses and universities and their graduates," he told Viet Nam News.
Education and training are also important factors for the future success of BASF, he said, adding that his company's demand for skilled employees would continue to increase in the foreseeable future as a result of demographic changes, especially in the fields of technology and production.
"Together with our educational institute and university partners around the globe, we are working in many different disciplines that will support us to achieve our ambitious growth target based on innovations," the BASF managing director explained.
Earlier this year, BASF signed a Memorandum of Understanding with Ha Noi University of Science and Technology on co-operation to promote sustainable development that balanced scientific research and innovation with economic, environmental and social needs.
The company will also provide information about BASF scholarship and career opportunities to students while promoting research opportunities towards the faculty members.
ASEAN will hold its first Consumer Protection Conference (1st ACPC) from December 8-9 in
The event will see the participation of representatives of government bodies handling consumer protection schemes, researchers, non-governmental organisations, private sectors, business associations and relevant organisations involving in consumer protection enforcement.
The first ACPC will deliberate on a wide range of topics on current issues and challenges relating to financial transactions, consumer product safety, e-commerce and development of consumer redress mechanisms.
It is expected to generate fruitful discussions and exchange of views on the development of consumer protection in ASEAN and engender deliberations on the future direction of the regional consumer trends and challenges.
The conference, to be hosted by the Vietnam Competition Authority under the auspices of the ASEAN Committee on Consumer Protection, is part of a wider scale project entitled “Supporting Research and Dialogue in Consumer Protection” funded by the ASEAN-Australia Development Cooperation Programme Phase II (AADCP II).
More than 300 volunteers in the central city of
President of the municipal Women’s Union Do Thi Kim Linh called on not only every member of society but also authorities at all levels to engage in efforts to eliminate domestic violence and build happy families.
Shoko Ishikawa, a representative from the UN Women in
Children, in particular, are prone to become either victims or inflictors of violence if they regularly witness violent acts, she noted, saying changing gender prejudice is needed to end the situation.
She suggested the city’s Women’s
Statistics announced by the World Health Organisation (WHO) showed that up to 58 percent of Vietnamese married women reported that they experienced at least one type of domestic violence in their lifetime, namely physical, sexual and emotional violence.
Over the past few years,
Nearly 7,000 students and youngsters joined the Innovation Sweden programme held in
The programme, part of activities to celebrate the 45th anniversary of the Vietnam-Sweden diplomatic ties, comprised 15 events and activities under the theme of innovative technology, she said.
In particular, a series of workshops on climate change, urban traffic and communications during the programme offered a venue for state agencies and businesses of both sides to exchange ideas and seek technological solutions to meet the demand of the modern industrial economy, said Mellander.
At the same time, four delegations of top Swedish enterprises in technology also participated in the programme to introduce solutions to urban traffic, environmental pollution, climate change and natural disasters in
Meanwhile, Doan Tuan Linh, Vice Director of Ho Chi Minh City’s Department of External Relations, spoke highly of the programme, including exhibitions, conferences, film festivals and music performances that introduce the culture, nation and people of
The programme helps deepen the understanding of locals in
The International Charity Bazaar, which aims to raise funds for disadvantaged people around the world, took place in
Organised by the Consular Club of Ho Chi Minh City, the 21st event attracted more than 2,000 visitors.
All money collected from the fair will be used to help underprivileged people in the community, the organiser said.
In 2013, the fair raised over 2 billion VND (94,000 USD), which was used for the provision of scholarships, medical care and assistance for flood victims.
The Club comprises members from the 20 diplomatic and commercial agencies in the City. It works towards improving the quality of life of underprivileged people in the southern region.
The club by 2013 assisted 24 charitable projects, including building bridges, presenting scholarships, providing health care services, and installing water wells in schools.
Over 160 Vietnamese citizens receive Australian scholarships
A total of 161 Vietnamese citizens will start their post-graduate studies in
They include 117 recipients of Australia Awards Scholarships, of whom two are the disabled and seven are from ethnic minority groups; and 44 recipients of Australia Awards Endeavour Scholarships and Fellowships.
A ceremony to present scholarship took place in
As many as 4,500 Vietnamese citizens have been trained in
The Asia Pacific Disability Forum 2014 (APDF) concluded in
The forum heard the Hanoi Statement, which showed
The Vietnamese National Assembly on the same day passed a resolution ratifying the Convention.
Ha Dinh Bon, Head of the Legislation Department under the Ministry of Labour, War Invalids and Social Affairs, stressed the adoption reflected
It is also a legal foundation to affirm
Speaking at the closing session, Joakim Parker, Chief Representative of the United States Agency for International Development (USAID) in
USAID will continue to provide support for
With two plenary sessions, the forum created a platform for the people with disabilities to share a wide range of topics from policy building, social welfare, and vocational training to social integration and climate change impact.
In the frame work of the event, a number of margin activities were organised such as a photo exhibition, a gala dinner and a walking tour of Hanoi in response to the International Day of Persons with Disabilities (December 3).
On the occasion, donors presented 25 scholarships to young people with disabilities nationwide.
According to the United Nations, around 15 percent of the world’s population or 1 billion people live with disabilities.
Charity walk held to support persons with disabilities
Thousands of people on November 29 participated in a charity walk around
The programme aims to call for people from a variety of social strata to join hands and care for those with disabilities.
Speaking at the launching ceremony, Vice Chairwoman of the National Assembly Nguyen Thi Kim Ngan said the Party, State and people of
She noted that laws and policies towards the disabled have been improved, citing the approval of the Law on Persons with Disabilities by the National Assembly in 2010 as an example.
During the process of international integration,
According to her, thanks to these efforts, persons with disabilities, especially women and children, have seen their spiritual and material life improved significantly.
She attributed the results to the support of the international friends who help Vietnamese disabled people integrate into the community.
Ngan voiced her hope that more charity programmes will be launched in the coming time in order to better care for the disabled people.
Joining the event, Chairman of the 2014 Asia-Pacific of
The prevalence of contraband and counterfeit goods remains the society’s pressing issue that needs to be wiped out without delay for the creation of a healthy market and protection of customers’ interests.
Deputy Prime Minister Nguyen Xuan Phuc, Head of the National Steering Committee on the Prevention and Control of Smuggling, Trade Fraud and Fake Commodities, was speaking at a ceremony held in Hanoi on November 28 to mark the Day for Fighting Fake Goods (November 29).
He asked the Market Surveillance Agency under the Ministry of Industry and Trade to increase sense of responsibility among officials and strengthen inspections to prevent negative phenomena.
Deputy Minister Tran Quoc Khanh reported the agency has so far uncovered nearly 64,000 violations, up 12.3 percent against the previous year, and collected 187 billion VND (8.7 million USD) in fines.
Chairman of the Vietnam Association for Anti-Counterfeiting and Trademark Protection (VATAP) Le The Bao said production and business of contraband and fake commodities have become more sophisticated with impacts on health and domestic production.
He proposed perfecting the legal framework and enhancing the coordination between law enforcement agencies, businesses, and the press to raise public awareness of the issue.
Trade unions seek ways to better protect guest workers
Trade union’s stronger engagement in protecting migrant and guest workers’ rights and interests was sought during a conference held in
Representatives from local trade unions, labour export agencies and organisations together reviewed the outcomes and shortcomings of labour export activities of
They proposed enhancing the coordination between trade unions and relevant organisations in and outside the country in assisting and protecting contracted Vietnamese workers abroad.
A pilot programme should be conducted with
During event, jointly held by the
The unions should collaborate closely with State agencies and the Vietnam Association of Manpower Supply in monitoring and inspecting the execution of laws among enterprises exporting workers, they said.
Labour export is defined by the Party and State as a long-term important strategy serving the country’s national construction and international cooperation.
The VGCL always sees Vietnamese guest workers an indispensable part of the country’s workforce and gives much attention to protecting them.
According to the Overseas Workers Management Department under the Ministry of Labour, Invalids and Social Affairs, in October 2014, 7,774 Vietnamese were sent to work abroad.
In the first 10 months of this year, 91,143 Vietnamese workers went to work in other countries, exceeding the 2014 plan by 4.76 percent.
Chủ Nhật, 30 tháng 11, 2014
BUSINESS IN BRIEF 1/12
Overseas remittances to hit US$12 billion in 2014
Banks predict that remittances from overseas Vietnamese will reach US$12 - 13 billion this year.
Over the past three years, the country has seen a sharp increase in remittances, from US$9 billion in 2011 to US$11 billion in 2013.
Head of the Ho Chi Minh City branch, State Bank of Vietnam, Nguyen Hoang Minh said Vietnam would remain in the list of the world’s top 10 remittance recipients with US$12.1 billion, up about 10% compared to a year earlier.
Similarly, the Bank for Investment and Development (BIDV)’s also forecast a 10% increase in overseas remittance to US$12 billion by the end of this year.
Meanwhile, General Director of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) Le Duc Tho expected the figure to hit US$13 billion in 2014. The rising remittances, together with strong inflows of direct foreign investment (FDI) and official development assistance (ODA) will make
Tho also revealed that overseas remittances channeled through VietinBank mostly to Hanoi, Ho Chi Minh City and provinces having large numbers of people working abroad, accounted for 15-17% of the country’ total value.
The Ho Chi Minh City People’s Committee also reported that overseas remittances to the city in the 11 months leading to December were estimated at US$4.4 billion.
Shutdowns exceed 60,000 in 11 months
Vietnamese businesses that have either been dissolved or have suspended operations in the first 11 months of 2014 numbered more than 60,000, a 9.8-per cent year-on-year increase.
According to the General Statistics Office (GSO), a total of 8,661 enterprises completed dissolution procedures while 10,147 others registered for temporary suspension and 41,532 were either suspended while awaiting business codes or failed to register.
The GSO figures indicate that the business community has been facing numerous difficulties, including competition pressure.
The statistics office revealed that dissolved or suspended enterprises had been increasing in number since 2013 while enterprises in the black either retained the level of their operations or sought new opportunities.
GSO figures also showed that from January to November, the number of new businesses in Viet Nam reached 67,790, a 4.5-per cent year-on-year decline, while the total registered capital of these new businesses reached VND391.3 trillion (US$18.6 billion), an 8.9-per cent year-on-year decline.
The average registered capital of a newly established enterprise reached VND5.8 billion ($276,000), a 14-per cent year-on-year increase, while the total number of employees of these new businesses was estimated to be 992,000, a 1.9-per cent year-on-year increase.
The GSO noted that in terms of capital, the number of new businesses established this year had increased year-on-year, suggesting that the country's business environment had improved and boosted the business community's confidence.
The number of businesses that have resumed operations following a temporary shutdown numbered more than 14,200, an 11.8-per cent year-on-year increase that indicated economic recovery.
The GSO proposed stronger Government support to help businesses overcome difficulties and achieve stable development. It also urged companies to strive to resolve their own shortcomings.
Bilateral trade with
Bilateral trade between
Speaking at a ceremony in HCM City yesterday to mark the 39th anniversary of the National Day of Laos (December 2), Southideth Phommalat said two-way trade was worth $995 million in the first nine months of the year compared to $733.5 million in the same period last year.
Despite the economic difficulties in the past years, the Vietnamese Government has provided an increase of 10 per cent a year in official assistance development (ODA) to
Meanwhile, the country has granted scholarships for
Addressing the event, Phan Xuan Bien, chairman of the Viet Nam-Laos Friendship Association in
He emphasised that cooperation had been successful in a wide range of fields from trade, industry and agriculture to healthcare, education and human resources training.
Over the past, the friendship, solidarity and comprehensive cooperation shared by both countries had developed in all areas, he said.
More opportunities to boost exports to Mexico
Mexican multinational group Home Depot wants to import 18 types of products from
According to the Vietnamese Trade Office in
Vietnamese firms who want to be suppliers of Home Depot can contact at “The Home Depot México S. de R.L. de C.V. Ricardo Margáin Zozaya 555, Edificio A Parque Corporativo Santa Engracia, San Pedro Garza García, Nuevo León, C.P 66267 Mexico”.
Currently, Home Depot runs 2,200 shops in the
The Ministry of Industry and Trade reported that in recent times,
Two-way trade turnover between the two countries in 9 months ending September rose by 45% to US$986 million compared to the same period last year.
In the first 10 months of this year,
According to Vietnam Customs’ statistics the country’s total imports and exports in the review period increased by 18.6% to US$141.8 million.
The total value of
In the review period,
Vietinbank projects overseas remittances to reach over $12b
Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) announced the information at its conference on investors and specialists here last Tuesday.
Vietinbank predicted that the country's gross domestic product this year would reach 5.8 to 5.9 per cent while the consumer price index would remain under control at 3.5 per cent. The momentum of foreign direct investment inflows will also continue for the economy in the future.
In addition, the bank predicted overseas remittances to be stable with a 10-per cent growth rate this year. The State Bank of
Vietinbank also predicted that the banking sector would face difficulties in meeting their business targets in the year-end months and next year.
Interest rates will be slightly reduced to support enterprises' production while banks' liquidity will rise because the mobilising rate will be higher than the lending rate.
The Government bond market is expected to develop because of low interest rates and high transaction amounts.
Regarding bad debts, the bank believed the situation would not improve sharply, especially for restructured debts. It added that current solutions to solve bad debts were not effective, and the issue would be a key concern for banks in the future.
Fisheries urged to cut seed dependence
According to the Directorate of Fisheries, nearly all fish seeds except tra and basa fish have to be imported from other countries or exploited in their natural environments.
The seeds come from tiger and white-leg shrimp, as well as lobster, eel, tilapia and sturgeon. Of these,
The domestic fisheries sector needs 180,000 white-leg shrimp parents to meet domestic demand for 100 billion seeds. To meet such a demand, they need to import all parents from the
Tam noted that import dependence had relegated enterprises and farmers to a passive role in seed production and had resulted in exports that were priced high to cover import costs.
To address this concern, the ministry and aquaculture research institutes had been implementing domestic shrimp seed production projects since 2013 to develop domestic sources and reduce import dependence, Tam said.
If the sector could produce seeds at home, the price of seeds could go lower than that of imports, thereby increasing farmers' profits and placing shrimp disease under control, said Pham Anh Tuan, deputy director general of the Directorate of Fisheries.
The ministry expects Vietnamese seafood export profits to reach US$7.3 billion to $7.5 billion for the entire year, or more than $6.7 billion in 2013. Of this, shrimp export profits could make up $3.6 billion or more than the $3.1 billion achieved in 2013.
Trademarks needed to boost domestic specialities
Tran Thi Phuong Lan, the Ha Noi Department of Trade and Industry's deputy director, made this observation at a conference here last Saturday.
The conference, which the Ha Noi Department of Trade and Industry organised, aimed to support enterprises in enhancing the value and developing the trademarks of their products to make
Numerous experts in trademark development and protection were invited to help enterprises further understand how to build, develop and protect trademarks for success in business.
Even though some enterprises were successful in developing trademarks in and outside the country for their high-value specialities, a number of them have yet to learn how to develop the trademarks for export.
To enter large distributing channels, the enterprises need to meet international distributors' standards on design, quality and packaging.
To build sustainable trademarks in domestic and international markets, many successful enterprises in the world began their respective businesses in small shops, revealed Nguyen Huyen Minh, lecturer of the Foreign Trade University (FTU). Since they focused on quality, they built a trademark that later became popular in the world. Minh said.
He added that to be successful, enterprises must also put themselves in the shoes of their consumers. "Many producers take it for granted that buyers must know how to use their products. But in fact, many buyers do not know how to use or cook local specialities in the right way," Minh noted.
He suggested that businesses provide detailed information about the origins and procedures on the making and use of their products.
He also stressed the importance of the domestic market in the enterprises' trademark development strategy. "Domestic specialities should win over domestic consumers because the domestic market is crucial in the sustainable development of speciality manufacturers and serves as a safety zone if they face difficulties in foreign markets," Minh said.
Trademark protection regis-tration and intellectual property was also discussed and recommended during the conference, especially for enterprises that plan to export their products.
Tran Tam, an intellectual property lawyer, said that understanding legal requirements of trademark protection would help enterprises defend themselves against trademark infringement or copying and protect the trademark's prestige.
Le Ba Ngoc, deputy chairman of the Viet Nam Handicraft Exporters Association (Vietcraft), advised enterprises to formulate detailed and long-term plans, raise village producers' awareness of the need for specialities development, improve quality, invest in packaging and focus on training quality workers for sustainable trademark development nationwide and worldwide.
The programme to promote regional specialities here is open from November 28 to December 2.
Nearly 40 producers of Vietnamese high-quality goods and local specialties introduced their products and services for the Tet (Lunar New Year) holiday under a "Tung Hang Tet" (Spreading Tet Goods) programme organised in
The one-day programme attracted about 1,000 participants, including small traders at 45 traditional markets, distributors and purchasing staff at supermarkets.
Most of the producers are active in the food, cosmetics, fashion, beverage, confectionery, gift services and others.
The aim of the event was to promote domestic brands and help local firms cope with tough economic times, and at the same time introduce customers to locally made, high-quality products at reasonable prices.
It also provided an opportunity for local producers and distributors to exchange information to boost sales at a time of low consumption, said Vu Kim Hanh, chairwoman of the Business Association of High Quality Vietnamese Goods.
It was organised by the association and the Business Studies and Assistance Centre.
Electronics, appliance sales surge to 1.3 billion USD
Vietnamese consumers spending on electronic products and appliances reached 28 trillion VND (1.3 billion USD), a 20.9 percent increase, in the third quarter of 2014.
Most of the products purchased were mobile phones and earphones, which brought in sales of more than 12 trillion VND (561 million USD), a 28 percent year on year rise.
Information and technology (IT) products ranked second with total sales of 5.6 trillion VND (262 million USD).
Significant growth was also seen in total sales of three major domestic appliances: refrigerators at 15.6 percent, washing machines at 15.5percent and microwave ovens at 12.8 percent.
However, sales of laptop computers declined, even as sales of tablet devices doubled with the exception of the Apple iPad and iPad mini, which ironically experienced a sales decline in the world market following the release of Apple’s iPhone 6.
GFK, one of the world’s largest research companies, predicted
The company predicted bestselling products to include the LED TV, smart phones and tablet devices, as producers and retailers are expected to offer promotional and sales programmes for these products during the year-end months to stimulate consumer spending.
Sales of washing machines, refrigerators and laptops are likewise expected to grow but at a low rate.
Vietnamese firms seek paths to EU market
Vietnamese businesses have been provided with necessary information on opportunities to make inroads into the European Union (EU) market through
Jointly organised by the Ministry of Industry and Trade’s Department of Trade Promotion and the Wallonie region’s Trade and Investment Promotion Agency, the November 28 event aims at boosting stronger Vietnam-EU trade ties.
Addressing the event, Vo Ta Luong, Deputy Director of the ministry’s Department of Trade Promotion for Southern region said Vietnam and EU have set up a comprehensive cooperation in all fields, including trade, investment, judiciary cooperation, security, and the climate change.
The two sides are close to the signing of an EU-Vietnam Free Trade Agreement (EVFTA), which is expected to bring benefits as well as challenges to Vietnam’s key sectors, Luong said, the
According to Jean Claude Marcourt, Vice President of the Wallonie Government stated
With its potential along with advantages of geography and infrastructure,
The EU is
Business role in promoting national competitiveness discussed
Vietnamese officials and entrepreneurs as well as top experts from the World Economic Forum (WEF) shared opinions on ways to promote the role of enterprises in enhancing national competitiveness in the context of increasing regional and international integration during a conference in
According to Deputy Foreign Minister Bui Thanh Son, the Vietnamese Government always defines the improvement of business environment and competitiveness as a key task in the country’s socio-economic development strategy.
Along with renovating the growth model and restructuring the economy,
Thanks to its reform efforts,
WEF Managing Director Philipp Roesler said
He also emphasised the need to better fiscal policy, invest more in infrastructure, connect rural areas and economic hubs, and develop information technology.
Director of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stated that competitiveness plays an important role in the current regional and international integration, especially when the country joins the ASEAN Community and signs free trade agreements with many countries and the Trans-Pacific Partnership (TPP) Agreement.
Participants at the event also discussed factors affecting the competitiveness of enterprises and their contributions to the national competitiveness.
Enterprises join international handicraft fair in Italy
Fifty Vietnamese enterprises are taking part in the 19th international exhibition on fine art and craft products (AF-L’ARTIGIANO), which kicked off in
Vietnamese Ambassador to Italy Nguyen Hoang Long attended the opening ceremony of the exhibition, which first began in 1996 and now is the largest international event dedicated to the handicraft industry.
The diplomat lauded the Vietnamese businesses’ participation as it allows them to reach customers far and wide and learn experience in production and brand improvement from foreign partners.
The display of hand-made products on an area of nearly 1,000m2 together with the performances of traditional long dress (Ao Dai) and lion dances help feature a beautiful, hospitable, and peaceful
The businesses’ trip was co-organised by the Vietnam Cooperatives Alliance, the Vietnamese Embassy in
This year’s event will run until December 8.
Leather, footwear sector needs more domestic materials
Increasing the localisation ratio of leather and footwear products is a priority requirement for the industry in international integration as materials account for 68-75 percent of footwear production costs, the Vietnam Business Forum Magazine (VBF) said.
According to the magazine, the localisation ratio is now only 40-45 percent, while key materials like leather, artificial leather and canvas are mostly imported.
As of early 2014, the country had 129 material producers, including tanners. The industrial production value of the leather and footwear material sector expanded 16.5 percent a year in the 2006-2011 period. The proportion of material value to overall leather and footwear production value was only 20.3 percent in 2011. This growth was lower than the rate recorded by supporting industries of other industries like garment-textile, electronics and mechanics, and was not commensurate with the development potential of supporting industries in
The Vietnam Leather, Footwear and Handbag Association (Lefaso) admitted that the added value of leather, footwear and handbags of
Moreover, according to Lefaso, if material output is not invested for expansion after 2013, Vietnam will have to import 75 percent of leather in 2015 and 87 percent in 2025; 96 percent of leatherette in 2015 and 99 percent in 2025; 92 percent of woven and non-woven fabrics in 2015 and 94 percent in 2025.
In the long run,
In 2014, Vietnam's leather and footwear industry targets to earn 12 billion USD from exports, up 16.5 percent over 2013, including 9.5 billion USD from footwear, up 13 percent, and 2.5 billion USD from handbags, up 31 percent. To achieve this goal,
Local company hands over platform topsides to Indian customer
The PetroVietnam Technical Services Corporation launched and handed over the upper infrastructure of the HRD process platform to the Indian oil and gas company, ONGC, on November 29.
This is the biggest project in the field of building drilling platforms that has been undertaken by a Vietnamese company so far.
Speaking at the event, Deputy Prime Minister Hoang Trung Hai said the project proves the skills of the PTSC staff, paving the way for them to winning more customers in the field.
The PTSC won the contract to build the 11,000 tonne structure in April last year.
More Vietnamese guest workers come to Japan
The number of Vietnamese guest workers going to
Statistics from the Vietnam Association of Manpower Supply show that as of October more than 16,280 workers had gone to Japan this year, the first time ever the number has exceeded 15,000.
Fifty labour companies have sent at least 200 workers there.
Nguoi Lao Dong (Labourer) newspaper quoted Nhat Hy Khang Company as saying labour supply to
Tracimexco, a company also sending Vietnamese workers to
Vu Thanh, director of Tracimexco, told the newspaper: "We have permanent recruitment cooperation with more than 20 associations and trade unions in
But Esuhai Limited Company is the leader after obtaining contracts for 700 workers of whom 400 have left for
Esuhai has ties with 50 Japanese small-and-medium-sized enterprises that supply manpower to 300 factories in
But since last year the number of Chinese workers going to Japan has been falling dramatically, forcing
In the last quarter of this year an expected 1,700 Vietnamese workers will go to
Hai Phong remains among top FDI attractive destinations
Hai Phong city remained one of the most attractive destinations for foreign investors with 406 valid projects valued at 9,887 million USD so far, according to a city senior official.
The city attracted investors from 25 countries and territories, with most projects focusing on industry and high technology, said Vice Chairman of the municipal People’s Committee Dan Duc Hiep.
Notably, the city was the choice of some world giants, including Bridgestone with a 447.8 million USD factory launched in October, as well as Nipro, Pharma, Fuji Xerox, and LG Electronics, he noted.
Currently, Hai Phong has 19 industrial parks covering 9,716 hectares, including Nomura-Hai Phong, Dinh Vu, VSIP Thuy Nguyen, Cat Hai and Lach Huyen, said Hiep.
However, he also pointed to a number of shortcomings that can hinder the FDI inflow into the city, including a lack of professional investment promotion campaigns, and slow implementation of projects and ground clearance, along with poor infrastructure system and a short of skilled workforce.
In the future, the city will focus on designing policies to support and encourage investors, while working with domestic and foreign partners in speeding up ground clearance and building infrastructure, focusing on industrial parks for support industry, he said.
The official also stressed the need to step up international economic cooperation and expand the city’s economic space, along with broadening relations with strategic partners, including
Project helps VN re-brand rice
The quality of Vietnamese rice was lower than that of neighbouring countries such as
Under the project, IRRI will help
Deputy agriculture minister Le Quoc Doanh noted that the agricultural sector faced huge challenges, as its contribution to GDP dropped from 20 per cent in 2010 to 19 per cent in 2013, but was optimistic that IRRI's expertise in researching and developing sustainable rice varieties would help farmers gain better income.
A representative from An Giang Province Department of Agriculture and Rural Development expressed the need for IRRI to support staff at the local level when it came to choosing suitable rice varieties.
MARD and IRRI will form a steering committee to oversee the programme. MARD will select the members of the committee, which will be chaired by the MARD.
Policies to blame for low productivity
Ngoc said this indicated that the Government needed to improve its policies.
He said there were nearly 54 million labourers in 2013, and only 18.4 per cent of them were well educated and trained, an increase of one per cent over 2007.
Ngoc said that Vietnamese workers lacked necessary skills, including creativity, teamwork, and leadership, and seemed unable to acquire new technologies. This often led to low-quality work.
In addition, many employees were not working in the fields they were trained for and therefore could not perform well, the deputy director said.
Experts said other causes for low productivity included the Government giving advantage to low-productivity State-owned enterprises for investments and resources.
Le Dang Doanh, former director of Central Institute for Economic Management (CIEM) said that Vietnamese companies considered they did not have to improve their technologies and labour quality.
This was because their business depended on the relationship with management agencies which they could bribe to receive economic advantages.
He said that Vietnamese companies must change their business model to sustainable growth and invest in technology development, the Government should increase its efforts to fight corruption and revise education and training system to provide more skilful labourers for the market.
Pham Chi Lan, an economic expert, said labourers were not the only ones to blame for low productivity.
She said the Government should move some of its resources from the public sector to the private sector which had higher working productivity, invest in the fields with economic competitive advantages, and remove the barriers which prevented the labour force from moving among economic sectors and among geographic areas.
Nguyen Dinh Cung, CIEM director, said society should support new inventions and initiatives, which would motivate enterprises.
He also said that the Government should remove the current minimum wage and let the market decide the labour wage because companies often paid their workers the minimum wage, limiting their enthusiasm.
Policy support can boost private sector role in agriculture
Stable policies, together with incentives in land and credits, would encourage the private sector to invest in agricultural and rural development, experts said at a workshop yesterday co-organised by the Embassy of Denmark and the Central Institute for Economic Management (CIEM).
The private sector was hesitant to invest in the agricultural sector due to worries about working with farmers who were ill equipped to cope with bad weather and diseases, deputy director of the
CIEM's vice president Nguyen Thi Tue Anh said that small and medium-sized enterprises (SMEs) changed the employment structure in rural areas. Anh cited a study that found that the number of rural residents employed in the agro-forestry-fishery sector declined from 79.6 per cent in 2011 to 59.6 per cent today, while the number working in industrial production and services increased from 7.4 per cent to 18.4 per cent.
However, declining productivity was a major issue due to the large number of SMEs creating primarily low-productivity jobs, Anh said. With outdated technology, declining investment, intense competition and cheap imports, SMEs would also find it hard to maintain growth.
During the 2011-14 period,
The US$11 million programme provided grants for 42 projects in eight provinces with a focus on increasing the competitiveness of Vietnamese exports through supporting innovations and initiatives to develop commercially viable business services for SMEs, household enterprises and farmers.
The Danish programme's grantees also shared experience at the workshop, besides an exhibition showcasing products and initiatives from the programme's supported projects.
Workshops on support industry development held in Japan
A series of workshops on investment cooperation to develop
Speaking at the events in Osaka and Kyoto, Consul General in Osaka Tran Duc Binh affirmed that Vietnam-Japan relations have been developing strongly in all fields, from politics, security, economy, trade, and scientific research to people-to-people exchange, laying a firm foundation for Japanese investors to operate in Vietnam.
Kansai central region comprising of
For his part, Consul General in Fukuoka Bui Quoc Thanh said there is huge potential of cooperation between
This event is an initial step for cooperation between
Meanwhile, Chairman of the Hanoi Supporting Industry Business Association (HANSIBA) Nguyen Hoang said Vietnamese firms want to cooperate with Japanese partners in supporting industries to meet the increasing demands of Japan’s leading groups, such as Toyota, Honda and Sony and access Japan’s global production chain, Hoang said.
He also introduced participants to the
Quang Ngai’s Dung Quat economic zone attracts investment flows
The Dung Quat Economic Zone (DEZ) with the 3 billion-USD Dung Quat Refinery as its heart can be said to be the driving force of economic development in the central
The DEZ has also attracted several large-scale projects, thus becoming one of the central region’s most attractive investment destinations, contributing to economic development in the locality and the region at large.
The first 10 months of this year saw 10 projects granted licences to operate in the Zone with a combined capital of over 1 trillion VND (47 million USD), a ccording to Le Minh Huan, Chairman of the provincial People’s Committee. Three of these projects are invested by foreign investors.
Three other projects worth over 4,000 trillion VND (188 million USD) are expected to be granted licences in the remaining months of the year, Huan added.
After 18 years of development, the zone has attracted 120 projects with a total registered capital of 8.5 billion USD and disbursed capital worth 4.85 billion USD.
In 2013-2014, the Zone’s management board enhanced its investment promotion efforts, both domestically and abroad, by participating in workshops to introduce the park to leaders in the support industries and agricultural sector in
At the same time, many delegations from the Japan External Trade Organisation (JETRO), and businesses from Japan, the RoK, the US and Singapore, along with other international and domestic firms, undertook fact-finding tours to the province to seek investment opportunities in the DEZ as well as in other local industrial parks.
Yasuzumi Hirotaka, CEO of JETRO said following his tour that Quang Ngai is one of the most popular destinations for Japanese firms to invest in, and his agency would serve as a bridge to introduce the locality’s potential to more Japanese investors.
There have been positive signals in attracting investment into the DEZ in recent times, as a number of international businesses have affirmed their intention to deploy large-scale projects in the zone in many fields, especially thermo-electric power generation, gas-power, and wood-pulp.
At the same time, preparations are under way for two key projects worth approximately 4 billion USD, which are the Dung Quat Thermal Power Plant (2.2 billion USD) and the expansion of the Dung Quat Oil Refinery (1.8-2 billion USD).
Deputy Prime Minister Hoang Trung Hai has assigned the Vietnam Oil and Gas Group (PetroVietnam) to complete studies on upgrading and expanding the Dung Quat Oil Refinery, to be submitted to the Ministry of Industry and Trade before November 15 for verification.
Meanwhile, the Ministry of Industry and Trade was assigned to work with relevant ministries and sectors, as well as the Quang Ngai provincial People’s Committee to verify the project, and report to the Prime Minister in November.
PetroVietnam said the plant’s production capacity would be increased to 9-10 million tonnes/year from the current 6.5 million tonnes. The expansion will start in 2017 and it is expected to be fulfilled after 60-78 months of construction.
Meanwhile, the Dung Quat thermal power plant will be financed by Sembcorp Corporation of
Its first turbine will be operated commercially from September 2020 onwards, while the entire plant will become fully operational in March 2021, generating 7 billion kWh of electricity every year.
The DEZ’s management board is building resettlement areas for some 2,160 households, the largest number of households to be relocated in the zone so far.
The VSIP Quang Ngai Industrial-Urban-Service Complex, invested by the Vietnam-Singapore Joint Venture Co. Ltd, is set to become a new magnet for light industry and service projects to the DEZ in the near future.
By the beginning of November, the complex attracted nine FDI projects and a domestic project with a total funding of 164.3 million USD.
Three projects are expected to be completed or become operational by the end of this year, and three others are due for completion in 2015. These six projects are set to employ 8,000 people.
The DEZ is working to expand its southern section with the formation of the Dung Quat Heavy Industrial Zone 2 and the Dung Quat deep-water Seaport 2.
According to a plan publicised in September 2013, the Zone 2 will cover nearly 2,820ha, bordering the Dung Quat Seaport 2 in the northeast, the Van Tuong new urban area in the northwest, Sa Ky city in the southeast, and Binh Tan and Tinh Hoa communes in the southwest.
It will focus on oil refinery, chemical industry, manufacturing, shipbuilding, steel, thermal electricity, and support industries, to be served by the deep seaport.
Meanwhile, under the Ministry of Transport’s detailed plan for 2030, the Dung Quat Seaport 2 will comprise 1,850ha of land and water. The port will be able to cater for ships with tonnages of over 300,000 tonnes, and handle 37 million tonnes of cargo per year by 2025 and 100 million tonnes by 2030.
Additionally, Quang Ngai province is also working hard to perfect its traffic infrastructure, such as the second phase of Vo Van Kiet road, the routes connecting Tri Binh and Dung Quat port, and Dung Quat 1 and Dung Quat 2 zones.
At the end of November 2013, the provincial People’s Committee issued a decision stipulating policies to support investments in certain activities. The support includes the construction of resettlement areas, technical infrastructure and labour training for projects on social housing, education, vocational training, health, culture, sport the environment and tourism, investment projects in industrial parks and the DEZ as well as projects in the province’s list of priority investment.
Maximum support for a project is 20 billion VND. Additionally, investors will receive financial assistance in order to hold three-to-six-month training courses for their new labourers.
Currently, local authorities are offering a range of tax incentives according to the Government’s regulations for investors, including a preferential corporate income tax rate of 10 percent for the first 15 years since the start of production; a four-year tax exemption after earning taxable income; and a 50 percent tax cut for the next nine years.
Large-scale projects must be approved by the Prime Minister in order to enjoy a preferential tax rate of 10 percent over the course of 30 years; tax exemptions for fixed asset imports, and tax exemptions for imported production materials over 5 years since the start of production; and a 50 percent tax reduction for personal income tax.
Local authorities also adopted policies to support land clearance compensation and labour training in a bid to encourage investments in the Dung Quat economic zone.
This year, the DEZ generated nearly 130 trillion VND (6.19 billion USD) in industrial production and commercial services value, despite the Dung Quat refinery having to halt operations for two months of maintenance.
The provincial industrial production value was estimated at 20.6 trillion VND, exceeding the annual target by 6.7 percent. Export turnover stood at 650 million USD, up by 27.8 percent, and imports stood at 760 million USD, down by 34 percent year-on-year.
The province contributed nearly 28.1 trillion VND to the State budget, with 26 trillion VND generated by the DEZ.
The provincial economy is forecast to continue to thrive in 2015 due to the stable operations of the Dung Quat oil refinery plant and the commencement of investment projects in the VSIP.
Gross domestic product (GDP) per capita is expected to reach 2,546 USD per year, while the production value of industry and construction would rise by 11-12 percent, services by 12-13 percent, and agriculture-forestry-fishery by 2-3 percent.