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 supermarkets. However, the Ministry of Trade and Industry said that distribution channels of Vietnamese goods in rural areas had not been stable and product promotion remains poor, resulting in low competition among local products. … [Read more...]

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 many supermarkets. However, the Ministry of Trade and Industry said that distribution channels of Vietnamese goods in rural areas had not been stable and product promotion remains poor, resulting in low competition among local products. … [Read more...]

Local spending remains modest

A woman shops for goods at an Intimex Supermarket in Ha Noi. Consumer spending rose 5.1 per cent in the first quarter of this year reaching US$33.4 billion, up 10 per cent over the same period last year. — VNS Photo Doan Tung

HA NOI (Biz Hub) — Consumer spending rose 5.1 per cent in the first quarter of this year reaching US$33.4 billion, up 10 per cent on the same period last year, the General Statistics Office (GSO) announced yesterday. In March alone, consumer spending reached $11 billion, rising 2 per cent on the previous month. However, not all welcomed the news, with GSO economist Vu Manh Ha describing the 5.1 per cent increase as a modest gain compared with the previous years. Consumer spending was 5.0 per cent and 4.5 per cent recorded in the same period in 2012 and 2013 respectively. Ha explained that a low consumer price index (CPI) had contributed to the modest rise. In the first quarter of 2014, CPI increased 4.65 per cent, while it rose to 16.4 per cent in the first quarter of 2012 and to 6.64 per cent in the first quarter of last year. He also noted that purchasing power in March had stayed low due to consumers reigning in spending after the Lunar New Year shopping season. Spending had … [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 include having a warehouse with a capacity of at least 5,000 tonnes, a rice husking mill with a capacity of at least 10 tonnes of rice per hour, and capacity to export at least 10,000 tonnes of rice a year. The country turns out 42-43 million tonnes of rice per year of which only 7.5 million tonnes can be exported. Production of rice is concentrated in the Cuu Long (Mekong) Delta provinces of Kien Giang, An Giang, Dong Thap, Long An, Tien Giang, Can Tho, Soc Trang, Tra Vinh, Vinh Long, and Hau … [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. Phuong Dong hotel will make you have relax and refresh moments. There are full hotel facilities and services such as business center, 24- hour room service, foreign currency exchange, car rental from 4 to 45 seats, souvenirs shop, train ticket booking, pick - up service. Specially, there are Vietnam Airline agents and Phuong Dong international travel center in hotel in order to make customers more convenient when they stay in Phuong Dong hotel. Furthermore, our hotel also has attractive … [Read more...]

Activities on occasion of “Children’s Festival”

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At recreation, shopping facilities in the province, preparations for toys, entertainment shows, contests are being actively made to serve the children on the 1 June International Children's Day. An employee of Hai Duong Big C Supermarket's bread stall guides kids to make bread before participating in the "Kids become tiny bakers" contest on 1 June The International Children's Day 1 June is coming round; the employees of Hai Duong Big C Supermarket are busy preparing tools, toys and staging many art performances to serve the children and parents to the supermarket. To the supermarket, the children will join in the program of free of charge having photo taken with funny Mickey Mouse made up by the supermarket employees. In particular, to the "Festive Day of the children" held on 1 June, children with their parents will watch the animal circus, magic. In addition, on this day, the children have a chance to participate in the competition "Little Big C angel".... Equally exciting … [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 Supermarket launches a promotional compaign: each customer buying goods valued at VND800,000 or more will be allowed to draw lots for a coupon to purchase goods valued at VND30,000 - 50,000. (HaiDuongnews) … [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 divestiture. Ms Bui Thi Thanh Tam, General Director of Vietnam Northern Food Corporation (Vinafood1), said her company invested in three banks. However, Vinafood1 can only ensure capital preservation from the simultaneous divestment of three banks while it is too hard for them if retreats one by one. In addition to banking sector, Vinafood1 is also struggling to take out it investment capital from the real estate market. Previously, based on its land fund advantage, Vinafood1 built several … [Read more...]

Stabilization of essential goods prices during Quy Ty Lunar New Year

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Hai Duong Trade and Industry Department and enterprises are actively deploying the program to stabilize prices of essential goods during Quy Ty Lunar New Year. This is the first year our province implements this program. Five groups, items of goods are included in price stabilization: rice, RE sugar, cooking oil, frozen processed seafood, processed foods from pork and beef. The businesses involved in the plan of price stabilization are granted interest-free loans during program execution. The total capital to realize price stabilizing program this year is about VND23.7 billion from the province's financial reserve fund, meeting 3% - 5% of the total demand of the above mentioned 5 groups, items of goods. According to the Department of Trade and Industry, this year the 3 businesses eligible to participate in the program of price stabilization in the province are: Hai Duong Vinafood 1 JSC., Intimex Vietnam JSC. Branch and Hai Duong EB Co., Ltd. (Hai Duong Big C). Big C … [Read more...]

New law expected to increase food safety

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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 Agro-Forestry and Fisheries Quality Assurance Nguyen Nhu Tiep. … [Read more...]

Gov’t to take measures to remove difficulties for tourism

The Government has discussed measures to address difficulties for tourism development, including the granting of visas for visitors at the regular meeting in May, Minister-Chairman of the Government Office Nguyen Van Nen told the press following the Cabinet meeting on May 27. The minister said that the Prime Minister will issue instructions on this issue, he said, adding that relevant agencies and localities are to brainstorm on how to overcome weaknesses and fully tap tourism potential. According to the minister, the Ministry of Culture, Sports and Tourism suggested setting up a fund for tourism promotion in the context of falling numbers of foreign visitors to Vietnam over the past months. Besides the unfavourable global economic developments, such as the appreciation of USD, the depreciation of EUR and JPY, and falling oil prices, which undermined people's willingness to spend money on travel, the drop is also attributable to changes in visa, transit and cruise travel … [Read more...]

Companies urged to focus on food quality

Vietnamese firms need to enhance their role in the food industry value chain to supply more quality products and increase export of farm produce, according to the Ministry of Industry and Trade. Speaking at a conference in HCM City on May 14 Deputy Minister of Industry and Trade Do Thang Hai said the agricultural sector not only met local needs with its diverse, quality products but also exported to many countries around the world. Agricultural exports had increased strongly in recent years to more than US$30 billion last year, with Vietnam being among the world's largest exporters of many items like cashew, pepper, rice and coffee, he said. "However, limited processing capacity, a lack of brands and exports via many intermediaries have resulted in low export earnings." Held by the Vietnam Trade Promotion Agency on the sidelines of the first Vietnam International Food Industry Exhibition, the conference sought to come up with measures to add value to Vietnamese food products, … [Read more...]

Promotion of value chains necessary for food industry: experts

Food producers should focus on enhancing the role of supply and value chains in the food industry to create high quality and added value farm products and food. Deputy Minister of Industry and Trade Do Thang Hai stressed this during his speech at a conference in Ho Chi Minh City on May 14 hosted by the Ministry of Industry and Trade (MoIT)’s Department of Trade Promotion. According to the MoIT, Vietnam offers many products with high-export value in the world market such as cashew nuts, pepper, rice and coffee. Vietnam’s export turnover of farm products in 2014 reached over 30 billion USD and is expected to continue growing. However, the country is facing difficulties in shipping goods to foreign markets due to its weakness in processing capacity and trademarks. Experts said barriers to Vietnam joining global supply chain include shortcomings in managing the quality of products and the high cost for production and business. Meanwhile, international markets are … [Read more...]

Foodexpo markets Vietnamese food products, services

The first Vietnam International Food Industry Exhibition (Vietnam Foodexpo 2015) opened in Ho Chi Minh City on May 13, expected to become an effective support channel to advertise Vietnamese products and services. The expo features around 500 booths of more than 300 companies from 36 Vietnamese localities and 19 other countries and territories. Themed "At the heart of Asia’s food aspiration", it popularises trademarks, products, and services related to farm produce, material and processed seafood, and beverages. Also on display is cutting-edge machinery aiming to improve productivity, quality, and labour safety in the industry. At the opening ceremony, Deputy Minister of Industry and Trade Do Thang Hai said Vietnam’s food industry holds vast development potential and comprises a considerable proportion of the overall industrial output and gross domestic product. Vietnam Foodexpo 2015, part of the National Trade Promotion Programme, was organised by the Ministry of … [Read more...]

VN International Food Industry Exhibition opens

The inauguration of the first Viet Nam International Food Industry Exhibition at the Saigon Exhibition and Convention Centre in HCM City on May 13. — VNS Photo Xuan Huong

HCM CITY (Biz Hub) — Farm produce, processed foods, beverages, and food processing and packaging technologies are on display at the first Viet Nam International Food Industry Exhibition (Vietnam Foodexpo 2015) that opened in HCM City on May 13. Vietnam Foodexpo 2015 is the largest of its kind in the country and has more than 500 booths set up by over 300 exhibitors from Viet Nam and 19 other countries and territories, including India, Belgium, Cuba, Taiwan, Republic of Korea, Singapore, and Thailand. Speaking at the opening ceremony, Deputy Minister of Industry and Trade Do Thang Hai said Viet Nams food industry had huge potential to develop. With its diverse, quality products, the industry not only met local needs but also exported to many countries around the world, he said, adding that Viet Nam also ranked among the worlds top exporters of many agricultural products. Visitors check out products from An Giang Province.— VNS Photo Xuan Huong The event was organised by … [Read more...]

Stepping up Vietnam-India ties

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(VOVworld)- The Ho Chi Minh National Academy of Politics and Public Administration held a workshop on development cooperation between Vietnam and India in Hanoi on Monday. 40 presentations at the workshop introduced in-depth analyses on ways to boost bilateral economic, trade, and tourist cooperation. Bilateral trade between the two countries has reached 8 billion USD, 20 times higher than 10 years ago. But, potential for further cooperation remains. Indian Ambassador to Vietnam Preeti Saran said:"The single biggest reason that prevented trade, investment, tourism and people-to-people contacts between our two countries is physical connectivity and access of direct flights between India and Vietnam. It’s the single biggest reason for not having better trade between our two countries. The Jet Airway flight from Ho Chi Minh City to Mumbai and New Delhi via Bangkok combined with better marketing of exotic locations in Vietnam can make dramatic differences in enhancing our … [Read more...]

Vietnam-India trade likely to hit US$15 billion by 2020

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(VOV) - Bilateral trade between Vietnam and India is predicted to reach US$15 billion by 2020 through encouraging India to invest more in the power sector, infrastructure development and oil and gas exploration. Deputy Minister of Industry and Trade Do Thang Hai on May 11 made the statement at a symposium in Hanoi on Vietnam-India development cooperation hosted by the Ho Chi Minh National Academy of Politics and Public Administration. The seminar provided a detailed analysis of the achievements, limitations and barriers affecting bilateral cooperation, and proposed measures to step up cooperation in economics, trade and tourism. Participants said the two Governments’ commitments are based on pillars- politics, economics, energy, security, defence and other sectors (culture, education, training, tourism). Current bilateral trade valued at US$8 billion has exceeded all previous trade targets, recording a 20-fold increase over the past decade. The two countries have … [Read more...]

Vietnam Expo 2015 features 720 pavilions

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Deputy PM Hoang Trung Hai visits a pavilion at the fair NDO - The 25th Vietnam International Trade Fair opened at the Vietnam Exhibition & Fair Centre in Hanoi on April 15, with 720 pavilions from 600 domestic and international enterprises. Goods on display are diverse and include machinery, equipment, electrical goods, food, drinks, housewares and healthcare products from 28 countries and territories around the world including the UK, Germany, Italy, Australia, Japan, Singapore, China, Nepal, and Kenya among others. This year's fair, themed 'Partnership towards the ASEAN Economic Community', is a chance for Vietnam to boost economic integration and prepare for the establishment of the ASEAN Economic Community in 2015. Speaking at the opening ceremony, Deputy Minister of Industry and Trade Do Thang Hai said that the Vietnam Expo was held for the first time in 1991 and has seen growth in both scale and quality, drawing many giant Vietnamese and international businesses. The … [Read more...]

Trade deficit with China on the rise

Viet Nam exported US$997 million worth of goods to China in February, bringing its total export value to the market in two months to $2.31 billion. — Photo ndh

HA NOI (Biz Hub) — Viet Nam's trade deficit with China has continued to widen over the past two months, a recent report of the Ministry of Industry and Trade revealed. According to the report, Viet Nam exported US$997 million worth of goods to China in February, bringing its total export value to the market in two months to $2.31 billion. Meanwhile, Viet Nam's imports from China reached over $4.48 billion in February. The latest import figure lifted the country's two-month import value from China to $7.48 billion. That had resulted in a trade shortfall of $5.17 billion, $2.8 billion higher than the figure reported a year ago, the Voice of Vietnam (VOV) quoted Deputy Minister of Industry and Trade, Do Thang Hai, as saying. Currently, Viet Nam's major exports to China include processed farm produce, seafood, cashew nuts and rubber, while its imports from the market are materials related to garments and textiles, leather shoes and aquaculture feeds. Hai said that stepping up … [Read more...]