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”

watermarked-B%C3%A1nh%20m%E1%BB%B3.jpg

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

a-customer-buys-stabilized-goods-in-hai-duong-intimex-supermarket-804227-watermarked-binh-on-gia-100x100

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

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

Support industry expo opens in HCM City

Opening ceremony of the exhibition. (Photo: VNA)

Over 140 foreign and domestic enterprises are showcasing their products at the second Vietnam International Supporting Industries Exhibition (VSI Expo) 2015, which opened on August 27 at the Tan Binh Exhibition and Conventional Centre in Ho Chi Minh City. On display at 220 booths are natural fibres, chemicals, electronic spare parts and mechanical components, among others. The four-day exhibition is part of the national promotion programme, said Nguyen Phuong Dong, Vice Director of the municipal Department of Industry and Trade, highlighting that participants will have a chance to popularise their latest products as well as become a supplier for Vietnamese projects. The event also encourages domestic businesses to invest in advanced technology to generate high-quality products while increasing competitive capacity to increase export and attract foreign investors. Speaking at the opening ceremony, Deputy Minister of Industry and Trade Do Thang Hai spoke highly of efforts made … [Read more...]

City hosts second Vietnam International Supporting Industries Exhibition

VSI Expo 2015 attracts 140 domestic and foreign enterprises showcasing their products for supporting industries. (Image credit: VNA)

NDO – The 2015 Vietnam International Supporting Industries Exhibition (VSI Expo) opened at Tan Binh Exhibition & Convention Centre in Ho Chi Minh City on August 27, showcasing over 220 booths from 140 domestic and foreign enterprises. According to Deputy Director of HCMC Department of Industry and Trade Nguyen Phuong Dong, VSI Expo 2015, taking place from August 27-30, operates within the framework of this year’s national trade promotion programme, featuring key commodities as well as supporting industrial products for textiles, leather shoes, electronics, information technology, automobile manufacturing and assembling, manufacturing mechanics, and products for hi-tech industries. The event offers an opportunity for enterprises to promote their products to partners at home and abroad to become suppliers for manufacturers and projects in Vietnam, creating favourable conditions for them to get involved in the supply chain of auxiliary industry in Vietnam and minimise … [Read more...]

Int’l supporting industry exhibition opens

Viet Nam International Supporting Industries Exhibition 2015 opens on August 27 in HCM City. — Photo tradepro.vn

HCM CITY (Biz Hub) — The Viet Nam International Supporting Industries Exhibition (VSI Expo) 2015 opens at Tan Binh Exhibition and Convention Centre in HCM City on August 27 with the participation of more than 140 domestic and foreign businesses. The four-day exhibition accommodates 220 booths introducing key products of the supporting industries in the fields of textiles and garments, footwear, electronics and informatics and automotive production, as well as mechanics and high-tech supporting industries. Businesses participating in the exhibition will have opportunities to introduce their products to both domestic and foreign partners and to become suppliers for producers and projects in Viet Nam. Within the framework of the 2015 National Trade Promotion Program, the second VSI Expo aims to create advantageous opportunities for Vietnamese businessmen to not only popularise their high-tech supporting products amongst domestic and foreign partners but also to attract further … [Read more...]

Thailand Trade Exhibition opens in Hanoi

A booth at the exhibition. Photo: hanoimoi.com.vn

Thailand’s food, home appliance, garment, decor, auto parts and electronic devices are being exhibited at nearly 165 booths during the Thailand Trade Exhibition-Thai Week 2015, which opened in Hanoi on August 13. The four-day event, the 15th of its kind, was jointly organized by the Thai Ministry of Commerce’s Department of International Trade Promotion, the Thai Embassy in Hanoi and the Vietnam National Trade Fair and Advertising Company (Vinexad). Thai traditional dances will be featured at the event, aiming to popularize Thai traditional culture to Vietnamese people. Thai Ambassador to Vietnam Panyarak Poolthup highlighted that this year’s event marks a significant advance in the trade relations between the two countries, contributing to developing their economic relations. According to Deputy Minister of Industry and Trade Do Thang Hai, Vietnam and Thailand have seen rapid trade growth after it shot up from US$1 billion in 2000 to US$10.6 billion in 2014. He … [Read more...]

Thailand Week 2015 opens in Hanoi

Cutting the ribbon to open the exhibition. (Image credit: hanoimoi.com.vn)

NDO – The Thailand Trade Exhibition – Thailand Week 2015 opened in Hanoi on August 13, co-organised by the Department of International Trade Promotion under the Thai Ministry of Commerce and the Embassy of the Kingdom of Thailand in Hanoi in partnership with the Vietnam National Trade Fair&Advertising JSC. Nearly 165 booths of Thai companies and agents are participating in the three-day event, showcasing high quality products popular in Thailand, including food and drinks, household products, textiles, jewelry, healthcare and beauty products, auto parts, decorative items, souvenirs, and electronics. Along with exhibitions and trade activities by businesses and manufacturers, there are also cultural activities with the participation of traditional dancers from Thailand to introduce and promote the traditional culture value of the country to Vietnam. Thailand Ambassador to Vietnam Panyarak Poolthup said that the event is the continuance of the Thailand Product … [Read more...]

Thai products fair promote trade links with Vietnam

1723632-thailand-1

(VOV) - Thai businesses are showcasing a wide variety of high quality products at a trade fair being held in Hanoi from August 13-18. Featured items include beverage, food, home utensils, clothing, jewelry cosmetics, health-care and beauty products, automobile components, decorative items, souvenirs, and electronic equipment. Throughout the fair, there will be dance performances to help introduce Thai traditional culture to Vietnamese people. Thai Ambassador to Vietnam Panyarak Poolthup said after 14 successful fairs in Hanoi, Thai businesses have realised the great potential of Vietnam. The 15th fair marks a new chapter in economic relations between the two countries with the hopes of reaching US$20 billion by 2020. According to Deputy Minister of Industry and Trade Do Thang Hai, total trade volume between between Vietnam and Thailand increased from US$1 billion in 2000 to US$10.6 billion in 2014. It already hit US$5.4 billion for the first half of this year, alone. Both … [Read more...]

Thailand Trade Exhibition opens in Ha Noi

One booth at the Thailand Trade Exhibition - Thai Week 2015. — VNA Photo HA NOI (Biz Hub)– Thailand's food, home appliance, garment, decor, auto parts and electronic devices are being exhibited at nearly 165 booths during the Thailand Trade Exhibition-Thai Week 2015, which opened in Ha Noi on August 13. The four-day event, the 15 th of its kind, was jointly organized by the Thai Ministry of Commerce's Department of International Trade Promotion, the Thai Embassy in Ha Noi and the Vietnam National Trade Fair and Advertising Company (Vinexad). Thai traditional dances will be featured at the event, aiming to popularize Thai traditional culture to Vietnamese people. Thai Ambassador to Vietnam Panyarak Poolthup highlighted that this year's event marks a significant advance in the trade relations between the two countries, contributing to developing their economic relations. According to Deputy Minister of Industry and Trade Do Thang Hai, Viet Nam and Thailand have seen … [Read more...]

Market info provision to remote areas falls short

The provision of market information to people in ethnic, mountainous and border areas – a pivotal task during integration – is falling short of expectations, conceded Deputy Minister of Industry and Trade Do Thang Hai on July 24. He said seeking consumption markets for Vietnamese agro-forestry-fishery products is an important task effectively carried out through communication efforts. Vietnam has joined in eight bilateral and multilateral free trade agreements at different levels and its economy is expected to profit from the extensive integration, said Deputy Minister – Vice Chairman of the Government’s Committee for Ethnic Minority Affairs Hoang Xuan Luong. However, such integration will make the production and sale of agro-forestry-fishery products in ethnic, mountainous and border areas more vulnerable if local residents lack access to market information, he warned. Luong stressed that market information must be regarded as a special production tool … [Read more...]

Vietnamese firms to showcase goods at Moscow fair

A corner of Hanoi-Moscow Centre for Culture, Trade and Hotels in Moscow. It's expected to be a place for Vietnamese companies to develop their business in Russia. — Photo Vnexpress.net

HA NOI (Biz Hub) — About 100 Vietnamese enterprises are expected to participate in a high-quality Vietnamese goods fair that will be held at the Hanoi-Moscow Centre for Culture, Trade and Hotels in Moscow. The enterprises will present their products to Russian customers. The fair will be held from November 11 to December 12 this year, and will be jointly organised by the Vietnamese Embassy in Russia, the industry and trade ministry, the Ha Noi and HCM City People's Committees, and the Russia-based Vietnamese Entrepreneurs' Association, besides the Bank for Development and Investment of Viet Nam and Incentra Company. At a press conference on July 14, the organisers said the fair, with an exhibition space spread across 15,000sq.m, will be attended by Vietnamese companies, Vietnamese enterprises operating in Russia, Russian companies and companies in the Eurasian Economic Union (EAEU) that trade in Vietnamese goods, as well as travel agencies, banks and food companies. Speaking … [Read more...]