Vietnamese goods struggle to compete in local market

The Vietnamese-To-Use-Vietnamese-Goods campaign plays an important role in building a consumer culture that learns to purchase Vietnamese products and manufacture more Vietnamese goods of high quality. However, there remains many challenges in serving the local market and in exporting locally made goods. Business insiders and policy-makers have to seek solutions to handle these challenges. It is reported that at least 80-90 percent of Vietnamese goods are now on the shelves of many … [Read more...]

Sponsored links

Vietnamese goods struggle to compete

HA NOI (VNS) — The Vietnamese-To-Use-Vietnamese-Goods campaign plays an important role in building a consumer culture that learns to purchase Vietnamese products and manufacture more Vietnamese goods of high quality. However, there remains many challenges in serving the local market and in exporting locally made goods. Business insiders and policy-makers have to seek solutions to handle these challenges. It is reported that at least 80-90 per cent of Vietnamese goods are now on the shelves of … [Read more...]

Firms rush to export rice despite limitations

by Thien Ly According to a recent report by the Ministry of Industry and Trade, there has been a sharp increase in the number of companies seeking a licence to export rice. This race to rice export has placed many food companies in a risky situation and State management agencies in difficulty. There are 100 companies in the country meeting the necessary requirements for a rice-export licence stipulated in the Government Decree 109, and 40 others that can possibly meet them. The stipulations … [Read more...]

Phuong Dong Hotel

With professional and experienced staff, Phuong Dong hotel is an ideal choice of honored guests when you visit Nghe An - homeland of Ho Chi Minh, national liberation hero.

Located in the center of Vinh city, on 1A National Highway, Phuong Dong hotel is the 4 star hotel which is considered as the most beautiful and modern in the North Central of Vietnam. Phuong Dong is the 4 star hotel in Vinh City with 177 comfortable luxurious rooms which all have the view of whole city. It has a special situation which is opposite to Ho Chi Minh Square, Central Park and Intimex Supermarket. From here you can see the majestic Hong Linh mountain and the romantic Lam river. … [Read more...]

Intimex Supermarket’s sales increases nearly 20%

From the beginning of the year to the end of April, the Supermarket's sales obtained from VND150 to 200 million/ day, an increase of nearly 20% over the same period last year. From the beginning of the year to the end of April, the Supermarket's sales obtained from VND150 to 200 million/ day, an increase of nearly 20% over the same period last year, according to a representative of leaders from Intimex Supermarket (Hai Duong). On the occasion of the holidays 30 April and May Day, the … [Read more...]

Fear of Loss Puts Brake on Divestment

Many State-owned enterprises (SOEs) in Vietnam are in a deadlock when they divest from non-core businesses because the order coupled with the divestiture is that they have to guarantee book values. Businesses bemoan difficulty At the request of the Vietnamese Government, SOEs must complete divestment from non-core industries from now to 2015. It is just over two years from the deadline but many giant firms find it very hard to execute the order which requires State capital preservation from … [Read more...]

Tet purchasing bustles amid economic recovery

a-woman-walks-at-the-shopping-quarter-in-ho-chi-minh-city-downtown-703110-shopping-021-10w-100x100

Surrounded by shelf upon shelf of brightly colored candy boxes, Tran Quynh Hoa's shopping cart was already full. A woman walks at the shopping quarter in Ho Chi Minh City downtown. … [Read more...]

New law expected to increase food safety

inspectors-check-the-origin-of-eggs-sold-at-intimex-supermarket-in-ha-noi-the-new-food-safety-bill-which-comes-into-effect-next-july-will-require-advanced-594515-20101202131523-food-hn-inspectors-100x100

VietNamNet Bridge - Food production establishments and processors will be required to implement advanced food safety management systems to ensure food safety under the new safety bill. Under the law, which will take effect in July next year, food safety management systems such as the Good Management Practice (GMP), Good Agricultural Practice (GAP), Good Hygiene Practice (GHP) and Hazard Analysis and Critical Control Point standards could be applied, said Director of the National … [Read more...]

Economic Stability in Volatile Phase

20141023164622_ftj.jpg

Lying in the flow of global political and economic development, Vietnam's economic recovery is slow but steady. Global economic growth is facing a lot of obstacles as political unrest and territorial disputes tend to accelerate, coupled with low inflation in the eurozone. As Vietnam's economy depends on exports, it is thus affected by unfavourable factors. … [Read more...]

Hanoi hosts international industrial exhibition

Nearly 250 businesses, including 100 foreign companies from the Republic of Korea, China, Malaysia and Russia, are showcasing their latest products and technologies at the Vietnam International Industrial Fair 2014 (VIIF 2014), which commenced in Hanoi on October 21. During the four-day event, businesses will introduce their equipment for heavy industry, energy, mining, mechanical engineering, support industries and the environment. A number of events to promote trade and investment will be … [Read more...]

HCM City struggles to combat smuggling

Market Watch workers inspect goods seized from small traders. Smuggling is increasing in HCM City despite city authorities' efforts to stop it.

VietNamNet Bridge - Smuggling, copyright piracy and other commercial offences are continuing despite their best efforts, HCM City authorities told Deputy Primer Minister Nguyen Xuan Phuc on Monday. So far this year the city investigated 43,217 suspected cases and uncovered 39,542 crimes - 3,241 related to selling prohibited and smuggled goods, 366 to fake, low-quality, and pirated goods, 10,607 to cheating, and 25,328 to other offences. … [Read more...]

City struggles to combat smuggling

Market Watch workers inspect goods seized from small traders. Smuggling is increasing in HCM City despite city authorities' efforts to stop it. - VNA/VNS Photo Quang Quyet

HCM CITY (VNS) - Smuggling, copyright piracy and other commercial offences are continuing despite their best efforts, HCM City authorities told Deputy Primer Minister Nguyen Xuan Phuc on Monday. … [Read more...]

Amended law on special consumption tax gets green light

Tu Hoang Speaking at the NA Standing Committee's meeting on September 25, Ngan said the draft amended law prepared by the Ministry of Finance is now qualified to be tabled at the next NA sitting. Tong Thi Phong, another NA vice chairwoman, shared Ngan's opinion, saying "we should pass the law at the coming session and back the Government's proposal (on the amended law)." As proposed by the Government, the special consumption tax rates on tobacco, beer and wine should be increased as the … [Read more...]

Vietnam appeases Big Tobacco with toothless taxes

1563519-tobacco-dzrk

A man smokes a cigarette while others look at a tablet device while sitting outside of a store in Hanoi, Vietnam. Photo credit: Bloomberg … [Read more...]

Duties on cigarette, beer, wine to be increased

VGP - The National Assembly Standing Committee (NASC) agreed to the suggestion of the Ministry of Finance on raising excise taxes on cigarette, beer and wine during its September 25 session. Accordingly, the current 65% tax on cigarette will be increased to 70% from January 1, 2016 and 75% from January 1, 2019. The excise tax on beer, which is currently 50%, will be 55% from July 1, 2015, 60% from January 1, 2017 and 65% from January 1, 2018. Meanwhile, the duty on wine over 20 degrees will … [Read more...]

International fashion fair showcases new trends

HCM CITY (VNS) - The 2014 Viet Nam International Fashion Fair (VIFF) opened yesterday in HCM City to showcase the latest trends in fashion and introduce this year's collections. The six-day exhibition, dubbed Toa sang thoi trang Viet (Shining Vietnamese fashion), will see the launch of collections like Viettien Kids by Viet Tien Co, I Iera DG of Duc Giang Co, and Style by Phong Phu JS Co. Organisers said the event also offers raw material suppliers and designers the opportunity to meet garment … [Read more...]

Viet Nam, Russia plan to resolve export challenges

HA NOI (VNS) - Viet Nam and Russia will promote co-operation to resolve the difficulties of Vietnamese enterprises in exporting goods to the European country, experts said. Nguyen Binh Giang, head of the Import-Export Department under the Ministry of Industry and Trade (MoIT), made this announcement at a seminar on exporting farm, forestry and seafood products to Russia held here last Friday. At the seminar which the MoIT organised, Giang also said Russia has been one of the traditional … [Read more...]

Businesses seek to break into Russian market

Photo: VNA

(VOV) -Vietnamese businesses and their compatriots in Russia discussed the possibility of increasing Vietnamese exports to Russia, in an effort to boost trade ties between the two countries. The meeting, held in Moscow on September 15, also offered Vietnamese businesses a chance to explore investment opportunities and economic cooperation potential, especially when a free trade agreement between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan is going to be signed … [Read more...]

Vietnamese enterprises urged to expand business in Russia

1557457-avatar

Illustrative image (Photo: VNA) … [Read more...]

Contraband cigarettes break 1-billion-pack mark in Vietnam

1557083-utyt6ak8

More than one billion packs of cigarette have been illicitly transported into Vietnam so far this year, the Market Surveillance Agency under the Ministry of Industry and Trade has reported. "Cigarette smuggling remains rife in Vietnam," the market watchdog agency said in a preliminary report to recap its efforts to combat smuggled tobacco. … [Read more...]