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While Vietnam-grown fruit producers are still trying to establish brand recognition on the domestic market, fruit from Thailand is making remarkable inroads. Fruit imports are seizing high ground in the Vietnamese domestic market. Boxes of fruit from Thailand or China can be seen everywhere in Ho Chi Minh City, from the Binh Đien and Tam [...]
long queue of trucks stretches from the Cat Lai crossroads on Highway 25B east of Ho Chi Minh City all the way to the gates to Cat Lai port. The trucks have not moved for hours; several truck drivers are asleep in their cabins while waiting for the traffic jam to ease. One day …
Though the national economy has fallen into difficulties, forcing a lot of businesses to scale back production, the number of newly-registered businesses has been increasing sharply, not only in big urban areas, but even in mountain regions. Nationwide, 40,000 new business enterprises were registered in the first six months of 2009, 14 percent more than [...]
A lot of big fashion sale campaigns have been launched with big discounts offered. However, the prices of many products remain sky high, thus still keeping every-day customers away. Italian fashion brand Alcado has announced the special 10-50 percent price reduction programme for all kinds of clothing available in the shop chain. The programme will [...]
The State Bank of Vietnam has announced the bad debt ratio of the banking system at 2.52 percent of total outstanding loans, an increase of 0.35 percent over the end of 2008. Should this be worrying? Bad debt ratio not worrying According to Le Xuan Nghia, Deputy Chairman of the National Committee for Finance Supervision, [...]
In contrast to the overall economy’s growth, investment in the agricultural and rural sector has been falling off in recent years. In 2000, the agricultural sector accounted for 14 percent of the total economic investments and 16 percent of the non-State sector. However, in 2007, total investment capital reached more than VND520,000 billion but investment [...]
Vietnam has applauded eight US senators for blocking a bid by the US catfish industry and its allies on Capitol Hill to impose new inspections on Vietnamese fish imports. Luong Le Phuong, Vietnam’s deputy minister of Agriculture and Rural Development, said Vietnamese businesses and farmers appreciated the senators who understood them and their hard lives [...]
A huge volume of used goods from the ‘rich countries’ seeps into Vietnam across its border with Cambodia. The trade in seconds, irregulars and second-hand clothing, fabrics and electronic gear, unsanctioned but clearly tolerated, has flourished since the early days of ‘doi moi.’ The ‘cemetery goods’ at Chau Long market In Chau Doc, a city [...]
he National Assembly has accepted lowering the targeted export growth rate from 13 percent to the low level of 3 percent for this year. However, the Ministry of Industry and Trade (MOIT) still thinks that the modest growth rate will be a difficult task. According to the ministry, export turnover for 2009 will have to [...]
Petrol distributors will have the power of raising or lowering retail petrol prices in accordance with the world’s prices without having to ask for permission from the Ministries of Finance and Industry and Trade. The state will only intervene if it feels things have gotten out of control. This is the major change in the [...]