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BUSINESS IN BRIEF 14/10
Smaller
firms fear inability to cash in on new agreement
Though
the textile, clothing, and footwear industry will supposedly benefit the most
once the historic Trans-Pacific Partnership Agreement comes into force, not
all industry insiders are bullish over the opportunities offered by the
agreement.
According
to the Vietnam Textile and Apparel Association (Vitas), not many businesses
will have the capacity to cash in on the opportunities brought by this major
trade deal.
Only
big group with steady finance could become well prepared for TPP integration,
whereas firms of small and medium size will face challenges ahead, Vitas
assumed.
In the
words of Dang Phuong Dung, Vitas’general secretary, one obstacle is that the
textile sector has lagged behind the production pace of garment exports.
Investment in textile is more costly than in the garment sector, coupled with
a very lengthy capital recouping process.
Nguyen
Van Thai, chairman of TNG Investment and Trading, said that most of the
materials feed the textile garment sector were sourced from
Phi
Ngoc Trinh, representing Hung Vuong Garment JSC in the
The
textile, clothing, and footwear industry’s other players, however, stood
ready to cope with challenges created by the TPP.
Nguyen
Phuong
His
company, founded in 2009, specializes in providing comprehensive solutions
for elastic T-shirt to individuals and corporate customers, as well as
original design manufactures (ODMs).
The
company’s products are mainly exported to
Aware
of their modest financing on exploiting nice markets and carefully choosing
customers to be able to introduce a suitable supply chain.
“
Now
aothun.vn controls the entire process, from manufacturing end products,
designing, to printing. When the items from TPP countries flow to
Currently,
the company’s products incur a 18% import duty when exporting to
Under
the plan recently approved by the transport ministry, the airport in
The
expansion will allow 82 airplanes to be parked at the same time, twice the
current number.
With
the exception of runways, many parts of the airport including its terminals
will also be upgraded so that it can serve 25 million passengers a year in
2020.
The
capacity of its goods terminal which handled 406,000 tons last year will also
be increased to 500,000 tons a year.
However,
Nhat warned, even after expansion, congestion will likely continue at the
airport as Long Thanh, a bigger airport designated to replace Tan Son Nhat,
will not be operational until 2023.
The
number of passengers at Tan Son Nhat has been projected to hit 40 million a
year by 2025.
Located
in the nearby
Construction
of the first stage will start in 2019, expected to cost US$15.8 billion.
Drug
and medicine imports surge sharply
Pharmaceutical
imports jumped 11.59% year-on-year to US$1.656 billion in the nine months
leading up to October, according to statistics of the Vietnam Industrial and
Trade Information Centre (VITIC).
During
the period, the import price of medicinal drugs also rose by 8.92% compared
against the corresponding period last year.
Major
markets supplying pharmaceuticals were
Viglacera
debuts new energy saving glass
Vietnam
Glass and Ceramics for Construction Corporation (Viglacera) has just pulled
the curtain back on a new type of energy efficient glass that outperforms any
similar product on the market.
On
October 9, the company unveiled it had received a certificate allowing the
project to move on to the production line and signed a contract to that
effect with the Vietnam Development Bank (VDB).
Utilizing
designs and technical services provided by Von Ardenne GmBH from
NZ,
Agriculture
and food safety experts from
The
seminar is organised by the New Zealand Embassy, New Zealand Trade and
AsureQuality,
AgResearch and Plant & Food Research have deep expertise and offer
innovative solutions in agritechnology, horticulture, viticulture, food and
food safety sectors.
The
agencies play a key role in ensuring that
“Prime
Minister Nguyen Tan Dung has this week called for urgent reform of the
agricultural sector in
There
will be huge opportunities for
The
seminar is being delivered as part of a new mode of cooperation between
It is
another important part of the partnership between
2015
is the 40th anniversary of relations between
SBC
assists business grapple with integration
The
Saigon Business Club (SBC) in collaboration with the Ho Chi Minh City
Business Association staged a business festival on October 9, attended by
hundreds of small business operators.
The
festival serves as a hub where small business operators can attend a low cost
event, keep current with the status of integration and network with other
small businesses, said SBC Vice President Pham Thi Tuyet Mai.
A
seminar was also organised under the framework of the event, which provided
much needed assistance for business operators understanding and coping with
the challenges of international integration.
Other
speakers at the event included Vice Director PhD Vo Tri Thanh of the Central
Institute of Economic Management (CIEM) and World Bank (WB) Country Director
in Vietnam Victoria Kwakwa who provided valuable insight into the evolution
of the national economy.
Vietnamese
people drink beer in greater volume
Vietnamese
people also drink beer more and more, up 11% against last year’s corresponding
period.
The
highly lucrative beer market presently posts constant two-digit growth as
nearly 70% of households consume beer at least one per annum and even much
more during special occasions or New Year festivals.
The
Vietnam Beer Alcohol Beverage Association (VBA) reports that
Sector
requests support for social housing projects
Amidst
the recovery of the property market, complicated procedures and capped
profits have deterred investors from converting their projects into social
housing projects, noted the HCM City Real Estate Association.
The
situation has put developers of many commercial projects that were registered
in the past three years to be converted into social housing projects in a
dilemma.
According
to Le Hoang Chau, the association's president, many expenses borne by
developers were not fully accounted for in determining the total cost of
social housing, thus affecting the profits of the developers.
He
pointed out that several projects were now stuck at the stage of calculating
costs due to the gap in the market's land prices and the Government-listed
prices.
The
profits for developers of social housing projects were capped at 10 per cent.
However, the real profits were lower, and in some cases, developers even
suffered losses, according to the association.
In
addition, procedures for converting commercial housing projects into social
housing projects were complicated, involving several organisations, including
the provincial authorities, the construction ministry, the central bank and
commercial banks.
"Currently,
the property market is in recovery. If these bottle-necks are not tackled, it
will be difficult to encourage developers to invest in social housing
projects," Chau said.
The
association also said the disbursement of the Government's VND30 trillion
bailout package for the property market had been slow, citing statistics that
only a quarter of the package value had been disbursed by September 15.
The
association proposed the deadline for the disbursement of the package be
extended by two years to May 31, 2018, along with interest rates of 3-3.5 per
cent for social housing apartments and 4-4.5 per cent for commercial
apartments worth less than VND1.05 billion (US$46,700) per unit.
The association
said the interest rates must be reasonable for low-income earners and should
be based on the country's inflation.
SMEs
need to innovate
With
fierce competition as a result of open-door policies in many countries,
businesses, especially small – and medium-sized enterprises (SMEs), should
build their own markets, apart from selling what the market demands.
Vo Tri
Thanh, Deputy Director of the Central Institute for Economic Management
(CIEM), made the recommendations at a seminar yesterday as part of a business
festival in
Regarding
opportunities offered to SMEs, he said globalisation and regionalisation via
free trade agreements would increase the inflows of goods, services, capital,
skilled labourers, technology and information on a larger scale.
Nguyen
Phuong Dong, deputy director of the municipal Department of Industry and
Trade, stressed the need for SMEs to maximise their efforts and affirm their
role as pioneers in improving the competitive edge of made-in-Viet
Victoria
Kwakwa, the World Bank's country director in
Enterprises
should focus on innovations to keep their traditional customers and lure new
ones while focussing on exploring the actual demands of the market instead of
being concerned about their rivals, she said.
Co-operation
will help them gain more knowledge and experience to churn out high-quality
products more quickly, she recommended.
The
festival, which drew hundreds of businesses from cities and provinces in the
southern region, featured a range of activities, including a 60-booth
exhibition, aiming to help the businesses exchange and update information on
Management
of Long Thanh toughens up
Chairman
of southern Dong Nai Province People's Committee has asked the management of
land near
This
was aimed to ensure space and infrastructure planning for the airport's
surrounding areas and the airport's future expansion plans.
The
surrounding areas of
The
approval of
The
granting of land use right certificates in central
The
department's statistics showed that 96 per cent of land of all kinds had been
granted certificates, to date.
Meanwhile,
Ha Noi was struggling to grant certificates to more than 144,000 existing
land lots as these lots were said to be illegal or violated established laws
on land use.
Ha Noi
has more than 1.45 million land lots, 86 per cent of which have land use
right certificates, to date.
Phu
Quoc sees $8b in resistered capital
Phu
Quoc Island District off
According
to the island's development management board,
A
large number of resorts were developed or are under construction in the
island with the presence of property giants such as Vingroup, CEO Group,
Sungroup and BIM Group.
Lenders
hopeful of local economic outlook
Lenders
are optimistic about banking and economic prospects, the latest quarterly
survey by the central bank has revealed.
The
State Bank of
The
progress was seen the most in their customer services, risk management
ability and credit policies.
About
34 per cent said the business environment was more positive, while nearly 60
per cent said the environment was relatively stable.
National
interest and exchange rate policies, supervision of banking operations by
authorities, and the demand for products and services of banks were
relatively better off.
Most
of the credit institutions expected demand for loans from customers to rally
strongly this year following a drop in interest rates.
Nearly
78 per cent of the lenders said their business situation was better, with
some 46 per cent expecting significant advancement. About 14 per cent
affirmed business stability.
They
were hoping for an average profit growth rate of 9.73 per cent for the
banking system this year, a rise from the 8.89 per cent expectation polled in
mid-2015.
Growth
of net incomes, which was likely to reach 16 per cent to 20 per cent this
year, drove profitability.
Eighty-nine
per cent of the credit institutions believed that their bad debt ratios would
fall to three per cent or lower this year, meeting the national goal for
non-performing loan control.
The
expected bad debt ratios averaged 2.39 per cent for the whole credit
institution system by end-2015.
Related
to liquidity, ninety per cent of the lenders said they were seeing good
conditions for both the dong and dollar, and nine per cent said their
situation was stable. Only one per cent said their liquidity was not up to
expectations.
Overall
this year, credit institutions expected deposit growth to average 15.56 per
cent, and credit growth to reach 17.6 per cent.
"These
expectations show that the credit institutions are quite optimistic about
economic recovery and the ability to absorb loans of enterprises, as well as
their outlook for production and business in 2015 and 2016," the central
bank said in a report.
FLC
Group earns $57m in third quarter
FLC
Group (FLC) earned VND1.28 trillion (US$56.9 million) in revenue in the third
quarter of this year, a 250 per cent increase in one year, the group reported
yesterday.
Most
of FLC's revenue came from selling apartments and villas in the FLC Complex
and
The
company's pre-tax profit was VND300 billion ($13.3 million), an increase of
nearly 250 per cent.
In the
first nine months of this year, FLC received a total of VND3.3 trillion ($146
million) in revenue and VND801 billion ($35.6 million) in pre-tax profit,
equal to 59.4 per cent and 70 per cent of this year's plan.
The
company's major project, FLC Sam Son Resort in
FLC
has also started building big projects such as
VnSteel
plans to divest from port business
Viet
Nam Steel Corporation (VnSteel) yesterday announced it would sell all its
ownership in the Thi Vai International Port Co Ltd for at least VND90 billion
(US$4 million).
VnSteel
recorded an investment of VND81.2 billion in
The
Thi Vai International Port Co Ltd was licensed in 1997 but opened in 2014 as
an associate between three companies - VnSteel, Vung Tau Shipping and
Services Joint Stock Company and the Japan-based Kyoei Steel Ltd.
The
port has an important role as it accounts for 60 per cent of container
loading capacity in all national seaports.
Ha
Noi Bus Station lists on UPCOM
Ha Noi
Bus Station Joint Stock Company has listed 9.5 million shares on the Unlisted
Public Company Market (UPCOM) on Wednesday, local media reported yesterday.
Ha Noi
Bus Station listed that number of shares at a face value of VND10,000. Ha Noi
Bus Station JSC, initially known as Transportation Material Company, was
founded by Ha Noi Transport Department in 1985.
Last
May, the company officially operated as a joint stock company with a capital
of VND95 billion ($4.2 million). The company has not raised capital since
then.
By
August 25, the company has a total of 425 shareholders. Two biggest
shareholders are Ha Noi Transport Services Corporation and Investment and
Development Joint Stock Company, holding 18.43 per cent of capital in total.
Pan
Group divests sanitary service arm to Nihon Housing
Pan
Group JSC, formerly known as Pan Pacific, has announced that it will sell
stakes in its wholly-owned Pan Services to Tokyo-based Nihon Housing Co Ltd.
Pan
Services includes two member companies, namely Pan Pacific Services Company
Ltd. and Pan Pacific Company Ltd, and is currently operating as a cleaning
service provider that accounts for 40 per cent of the local market share with
an over 5,000 strong employee base.
The
company caters to office spaces and healthcare facilities, with customers
ranging from the
In the
first half of this year Pan Services brought a VND13.1 billion ($584,800)
profit for the group.
Nihon
Housing announced the two steps of its acquisition as follows: Firstly, the
company will acquire 80 per cent of Pan Services’ stakes in November. The
other 20 per cent will be acquired within three years after the completion of
the first step. The overall transaction value has not yet been disclosed.
The
parent Pan Group is an established agro-business and food firm holding 42 to
almost 100 per cent stakes in VinaSeed, Southern Seed Company, Aquatex Ben Tre,
confectionery firm Bibica, Long An Food Processing Export JSC, and Pan Food.
Pan
Group has also announced plans to set up a retail subsidiary. The divestment
is said to be in line with its intention of focusing on core food businesses.
Moody’s
rewards Techcombank’s performance
Moody's
Investors Service has upgraded the long-term deposit and issuer ratings of
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) from B3
to B2.
At the
same time, the bank's baseline credit assessment (BCA) was also upgraded to
B3 from CAA1. The outlook on the ratings is now “stable”.
“The
upgrade of Techcombank's deposit and issuer ratings to B2 from B3 reflects
the improvements in the standalone credit profile of the bank, as reflected
by the upgrade of the BCA to B3”, said the Moody’s press release.
According
to the renowned rating agency, Techcombank's asset quality metrics have
improved in 2014 and the first half of 2015, although it is important to note
that the change originated from a relatively weak base. The improvements in
asset quality were driven by write-offs, recoveries, and some measure of
credit growth.
In
particular, the ratio of assets considered problematic has decreased to 12.8
per cent of gross loans as of June 2015, from the 14.4 per cent in December
2014 and 20.1 per cent in December 2013.
These
problematic assets include non-performing loans (loans listed in categories 2
to 5 under the Vietnamese accounting rules), as well as bonds issued by the
Vietnam Asset Management Company (VAMC) and other receivables.
Besides,
Moody’s noted that Techcombank's public disclosure of asset quality metrics
was better than its domestic rated peers. The bank's tangible common
equity-to-risk weighted assets improved to 10.1 per cent as of June 2015,
from 9.2 per cent in December 2014.
Although
Techcombank's profitability is still moderate, with a 0.9 per cent return on
average assets in the first half of 2015, Moody’s remains positive regarding
the bank’s prospects.
The
agency analysed that profitability was pressured by high loan-loss reserves.
The bank channelled a high 60-70 per cent of its pre-provision income into
reserves in 2014 and the first half of 2015 as provisions made against
loans, VAMC bonds and receivables.
The
bank is also viewed as not materially reliant on market sources for funding:
its ratio of market funds to banking assets amounted to 14 per cent in June
2015, while liquid assets such as cash, interbank and government bonds, and
trading securities amounted to 36 per cent. These liquid assets were of
relatively good quality, because government securities made up around
one-third of the balance.
Outsourcing
IT service boosted among state agencies
The
Government is aiming to boost the hire of information and technology services
in state agencies, according to a resolution released on October 7.
Accordingly,
state agencies can choose between full or partial service packages related to
hardware, software, transmission lines and solutions to provide online public
service.
The
government also will allow ministers, deputy ministers, governmental agencies
and the People's Committee chairperson to assign contracts and choose
short-term hiring prices (under 12 months) if there are not enough conditions
to determine a fixed price.
The
Vietnam National Committee on Information Technology adopted the hire of
information and technology services in state agencies last year.
The
Prime Minister also signed a decision to initiate contracts for information
and technology services in state agencies, which took effect in February.
According
to the decision, state agencies, which outsource information and technology
services, must have requirements for service providers related to
professional capacity, finance, technical and technological conditions,
experience, and information safety and security.
The
outsourcing can help State-run agencies and companies remove the need for
large investments in high-tech facilities by spending on their specific
needs.
E-commerce
delivery woes eased
According
to Mr. Nguyen Hoa Binh, Chairman of the Board of Management at PeaceSoft,
warehousing and logistics in
To
assist enterprises, the logistics company BoxMe has cooperated with PeaceSoft
and others partners to launch the first e-commerce warehousing infrastructure
in
Sellers
can manage and coordinate goods by mobile apps anytime, anywhere. The
warehouse management system of the seller’s website is automatically synchronized
with BoxMe through API programming.
When
an item is sold, the nearest BoxMe warehouse to the buyer will take the order
and package and deliver the product in the shortest possible time, in some
cases less than half the time taken previously. In case of failed delivery or
where the customer wishes to return the products, the package is sent back to
the nearest BoxMe warehouse. Individuals and enterprises using this logistics
infrastructure do not have to pay registration fees but pay storage fees and
incur a cost when an order is processed.
“We
joined BoxMe to resolve logistics problems for e-commerce companies in
“BoxMe
commits to helping sellers cut logistics costs by 30 to 50 per cent compared
to maintaining separate warehouses, so they can focus fully on their
marketing and sales,” said Mr. Han Van Loi, CEO of BoxMe. Goods are packaged
according to industry standards and the delivery time has been shortened by
half, which helps sellers increase service quality and therefore sales.
According to Mr. Loi, BoxMe is implementing the program with free storage
fees for the first six months for the first 500 registered sellers.
Aviation
service quality picking up
The
Civil Aviation Authority of Vietnam (CAAV) has released figures on delayed
and cancelled flights and theft of property and luggage at airports from
January to September.
In the
first nine months domestic airlines conducted over 151,000 flights, of which
23,700 were delayed, accounting for 15.6 per cent and 3.1 per cent fewer
year-on-year, and 834 were canceled, or 0.5 per cent and 1.9 per cent less
year-on-year. According to Mr. Lai Xuan Thanh, Director of CAAV, the figures
are good regionally and passable globally.
Jetstar
Pacific recorded the highest rate of delayed flights, at 20.8 per cent,
followed by Vietjet Air with 18.3 per cent. Vietnam Airlines had the lowest
rate, at 14.1 per cent.
Mr. Vo
Huy Cuong, Deputy Director of CAAV, said that the efforts of all involved in
the aviation sector should be recognized. There were a range of force majeure
reasons, such as weather, as well as runway closures while repairs were done
(at Tan Son Nhat International Airport in Ho Chi Minh City and Cat Bi
International Airport in Hai Phong, among others), which contributed
substantially to the total number of delayed or cancelled flights.
There
were 292 cases of theft of property and luggage during the period. The
numbers are thankfully on the decline. In the first few months of the year
there were around 50 cases each month but in July there were only 28 August
and September saw 15 and nine cases, respectively; a record low. This is
evidence of the efforts made by authorities in improving the overall quality
of aviation services.
Strong
measures aimed at improvements have been made at major airports such as
“Visual
inspections and security screenings have been conducted, preventing thieves
from stealing luggage left unattended by passengers,” the representative was
quoted as saying. Employees are also required to sign a declaration regarding
their possession of tablets, phones, laptops, and other valuable goods at the
end of every shift.
SOE
equitization goals unlikely to be met
Only
94 State-owned enterprises (SOEs) were equitized in the first nine months of
the year out a total of 289 slated to undergo the process. If the annual
target is to be met there must be 195 enterprises equitized over the
remaining three months of the year.
Mr.
Dang Quyet Tien, Deputy Director of the Corporate Finance Department at the
Ministry of Finance, said one reason for the tardiness was concern among
investors, despite the policy mechanisms for equitization having been made
easier.
“Foreign
investors are involved but only to a small degree, as they are wary about
information transparency,” he told local media.
Even
though the government has publicly announced valuations conducted on SOEs
transparency remains an important matter, as questions remain over the
accuracy of such valuations.
The
attitude of SOE leaders is also a factor in the equitization process
proceeding at a slow pace. Many are concerned about losing their position and
power and that their competency or otherwise will be revealed during the
process.
Mr.
Tien added, though, that the quality of equitization was more important than
merely reaching targets. “The key is changing the leadership mindset
post-equitization,” he was quoted as saying. “There may be personnel changes,
and leaders must accept that their performance will monitored once the SOE is
listed on the stock market,”
Authorities
are planning to sanction enterprises that are yet to finalize their
equitization. Those experiencing delays will continue to be named so they
will be answerable to higher authorities such as ministries or the
government.
TPP
to tighten IP protection
The
TPP agreement is to include rules allowing criminal prosecutions for
infringements of intellectual property rights (IPR), such as designing
software to crack other software and the illegal use of cable TV.
One of
the many features of the TPP is its efforts at establishing high standards in
the protection of IPR, especially in pharmaceuticals. It requests member
countries have effective enforcement mechanisms for the protection of IPR in
their territory, including at the border and within the internet environment.
Mr.
Tran Quoc Khanh, Deputy Minister of Industry and Trade, said that allowing
criminal prosecutions for IPR infringements is a stronger approach than that
taken in the WTO, where they are dealt with under a civil prosecution.
In the
30 chapters of the TPP is a chapter exclusively dedicated to IPR, including
patents, trademarks, copyrights, trade secrets, and other forms of intellectual
property.
The
provisions will make it easier for enterprises to register and protect their
intellectual property in new markets, which is particularly essential for
small enterprises.
Deputy
Minister Khanh said that
Vietcombank
& FLC sign credit package
Vietcombank’s
ION
Complex is a subsidiary of the FLC Group.
At the
signing ceremony Ms. Huong Tran Kieu Dung, General Director of the FLC Group
and Chairman of ION Complex said that the credit package will benefit both
sides, in particular enhancing the relationship between Vietcombank and the
FLC Group.
She
committed to the credit package being used efficiently and to implement the
rights and obligations contained within the contract.
Vietcombank
will provide loans to customers who purchase an apartment at the FLC Complex
with a preferential interest rate of 7 per cent per annum.
The
FLC Complex is surrounded by many other notable buildings, such as Keangnam,
Banking
innovation now a top priority
The
Speakers
raised matters concerning
Mr.
William Anthony Jennings, Vice Chairman and Acting CEO of BTCI, said that in
recent years
He
added that
Mr.
Douglas Jackson, Partner and Managing Director of the Boston Consulting
Group, said that since the first ATM was installed by Barclays in the
country, which conducted very simple banking transactions, digital banking
has developed very quickly and provides much more complex services. Customers
can now conduct an array of banking activities online. The development of
technology has seen costs fall significantly and the banking sector can
easily take advantage of innovation to develop new services with the support
of high technology.
In
regards to the gap between the application of technology in foreign banks and
local banks, Mr. Jackson told VET that this is understandable because Vietnamese
consumers are yet to fully adapt to digital banking activities while the cost
of internet use remains relatively high and e-commerce is still in the early
stages of development. In order to improve the application of technology in
the near term, he suggested banks invest more and gain a deeper understanding
of consumer behavior and identify what digital banking services are needed in
daily life.
In
terms of technological innovation in
HCMC
to expand seaport approach roads
The Ho
Chi Minh City People’s Committee has approved a build-operate project to
broaden
According
to the department, the 1.6 kilometer long road is only 7 meter wide with two
lanes. The project will increase exploitation effectiveness of Phu Huu and
Cat Lai seaports in eastern HCMC, making them the city’s key seaport group.
The
Build-Operate project will meet cargo transport demand from
Total
capital is expected to reach VND930 billion (US$42 million), of these VND700
billion for site clearance.
Previously,
the committee had asked the department to work with the People’s Committee of
District 9 and Ha Tien 1 Cement Company to speed up site clearance for
construction of a road to Tan Cang-Phu Huu Seaport, which is scheduled to
complete by January next year.
The
Urban Traffic Management Zone 2 and contractors have been instructed to step
up the progress of Rach Chiec 2 Bridge in the belt road no.2 in order to open
it to traffic by the fourth quarter this year.
The
District 9 People’s Committee should clear the site over 19.12 hectares for
building of a container yard as per proposal by Saigon Newport Company.
The
Transport Department and the company have been instructed to build an extra
of 220 meters of new quay and upgrade 320 meters of the existing quay of Tan
Cang-Phu Huu port to receive container vessels of up to 40,000 DWT.
Relevant
departments should review overall plan to improve the effectiveness of
seaports in eastern and western HCMC. They will be broadened to over 200
hectares with two kilometers of quays to receive 120-150 million tons of
import goods a year from 2018-2020.
First
VietGap pork stall opens in HCMC
The
first spot selling pork under the Vietnam Good Agricultural Practice
(VietGap) has been opened in Hoa Binh Market, District 5,
The
opening of the stall is result of the World Bank financed project on
livestock competitiveness and food safety (lifsap), which has been
implemented since 2010 with a total fund of US$5 million.
The
project has assisted 848 participating households to practice safe breeding
in nine communes of Cu Chi and hoc Mon districts.
It has
supervised all phases from feed, breeding, slaughtering and selling and taken
samples periodically for analysis on diseases, quality, banned substance
residues and environmental impact estimation.
Slaughterhouses
have been repaired and upgraded with waste treatment systems to meet
requirements on environmental hygiene.
Implementation
of the project has faced with many difficulties, from changing farmers'
breeding habit to choosing markets with stalls meeting hygiene requirements.
That
is why although VietGap pork has been produced for the last couples of years
but consumers have been unaware of it.
An Ha
Company has become a pioneer in safe pork supply chain by connecting
breeders, slaughterhouses, transporters and sellers together.
The
company purchases all pigs from households practicing VietGap standard, about
240 pigs are slaughtered a day. Besides Hoa Binh Market, it will provide the
product at other markets.
The
price of VietGap pork is equivalent to that of the same product in the
market, said director of the company Nguyen Thi Hong Tham.
InterContinental
hosts first MICE group
InterContinental
Asiana Saigon Hotel on Sunday began hosting the first MICE group since its
inauguration on September 9.
The
hotel said the Siemens AG’s MICE (Meetings, Incentives, Conferences, and
Exhibitions) group consisted of 365 people who are occupying 195 rooms in the
mid-town hotel for three days.
Siemens
AG, a global powerhouse in electronics and electrical engineering in the
industrial, energy and healthcare sectors, is organizing its annual sales
conference in
“InterContinental
Asiana Saigon is proud to serve our first MICE group. This will not only help
Siemens get the most out of their meetings and conventions, but also help us
showcase HCMC’s leading conference and MICE facilities,” said Phil Riley,
InterContinental Hotels Group’s regional general manager.
He
said the event once again highlighted HCMC’s attractiveness and potential as
a MICE destination for global companies.
The
21-story InterContinental Asiana Saigon has 305 guest rooms and suites.
Vietnam
Airlines will launch five weekly flights between
Vietnam
Airlines will use Airbus A321 aircraft for the flights on Mondays,
Wednesdays, Thursdays, Saturdays and Sundays from January 13, one day after
Japan Airlines suspends its daily service.
The
national flag air carrier clarified a statement that it had joined the
code-share flights operated by Japan Airlines between
Vietnam
Airlines decided to commence direct flights on the run to meet market demand
and replace the code-share flights to
Pham
Ngoc Minh, CEO of Vietnam Airlines, said the new service proved the carrier’s
role in contributing to the development and promotion of commercial,
investment and tourism links between
The
carrier said that while the global airline industry was facing tough times
triggered by the global downturn it strived to expand services to
The
five additional flights will bring Vietnam Airlines’ number of total direct
flights to Japan to more than 30 per week, including seven from HCMC and four
from
* Thai
AirAsia looks set to launch direct daily flights between HCMC and
Tassapon
Bijleveld, CEO of Thai AirAsia, told reporters in HCMC last week that the
member airline of
One
way fares start from US$25, excluding airport tax, for the HCMC-Phuket route
on which Thai AirAsia will use Airbus A320s configured with 180 seats.
Flights will arrive at
Asked
about the unfavorable arrival and departure times, Bijleveld explained that
Thai AirAsia had no choice because of tight schedules at the airport in the
southern tropical resort paradise of
Bijleveld
told the Daily the airline would soon change the inconvenient schedule in
order to meet the expectations of passengers traveling by air between the two
destinations.
Bijleveld
said the first direct service between HCMC and Phuket would make it easier
for foreign tourists to come to explore attractions in
“We
foresee a strong demand for the new Phuket-HCMC route and believe the demand
will constitute guests from a mixture of leisure seekers and business
travelers,” Bijleveld said.
Bijleveld
expects good bookings for the HCMC-Phuket service as many foreign tourists
come to Phuket every year for vacations of two to six weeks and want to
travel to other places in the region.
VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VET/VIR
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Thứ Ba, 13 tháng 10, 2015
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