Business

Rice export volume up but value falls The ministry said the total rice export volume and value in the first nine months of this year reached 5.2 million tonnes and $2.24 billion, respectively. The figures represented a rise of 5.9 per cent in volume and a drop of 9.8 per cent in value compared to the same period in 2018. Of which, Viet Nam shipped abroad 586,000 tonnes of rice in September for $251 million. The Philippines was the top market for Vietnamese rice in the first eight months of this year, consuming 1.76 million tonnes worth $720 million, 2.9 times higher in volume and 2.6 times in value over the same period last year. Strong growth was also seen in other markets, including Australia (75 per cent), Ivory Coast (nearly 35 per cent) and Hong Kong (nearly 35 per cent). The average rice price in the first eight months fell 13.8 per cent year on year to $435 per tonne. White rice led the way in the period, accounting for 47 per cent of total revenue, followed by Jasmine rice … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 14

The factory of the Duc Giang Garment Co. Ltd in Long Bien district, Hanoi (Photo: VNA) Hanoi (VNA) - A circular on "Made in Vietnam" products was expected to help businesses avoid accusations of fraud, said Deputy Minister of Industry and Trade Tran Quoc Khanh at a conference held in Hanoi on September 25. The event was organised to hear opinions from enterprises and associations on the draft circular, which describes how to identify Vietnamese goods and products. Many products and goods whose accessories are imported from foreign countries and assembled and processed in Vietnam are sometimes labelled "Made in Vietnam", which has sparked public concern. Khanh said the Ministry of Industry and Trade (MoIT) in August had completed a draft circular on how to identify Vietnamese-made goods. MoIT has published the draft publicly and will organise two seminars in Hanoi and HCM City to collect comments from the public, businesses and relevant ministries before finalising the report and … [Read more...] about Solutions to help businesses avoid accusations of origin fraud

At the reception (Photo: VNA) During the reception, Chairman Quynh highlighted the province’s outstanding socio-economic milestones achieved in recent years, noting that Bac Ninh represents one of the fast growing localities in the country. The local economy was ranked fourth, while production value was in the second position nationwide. Currently, Bac Ninh is home to 16 industrial parks and approximately 1,400 foreign-invested enterprises from 34 countries globally with a total investment capital of US$18.2 billion. Of the figure, more than 900 of these firms are from the Republic of Korean (RoK), which have invested over US$12 billion in the province Bac Ninh will continue improving its business environment, create favourable conditions for foreign investors, and cultivate conditions for Korean businesses to expand their investment across the locality, Quynh told his guest. When introducing the economic development of Gumi, Mr Jo Jung-moon added that the area is a major … [Read more...] about Bac Ninh seeks to further boost co-operation with RoK businesses

    Overlaps in legal documents are a hindrance to the development of construction projects. Photo cafeland.vn HÀ NỘI – Overlapping legal documents are a major obstacle in need of removal to help construction and the development of housing projects. Đỗ Viết Chiến, general secretary of the Việt Nam Real Estate Association, said enterprises face inconsistencies in regulations on investment procedures and approval of development projects between the Investment Law and Housing Law. Therefore, it is necessary to unify procedures on approval of investment in housing and new urban development projects under the law on housing and new urban areas with procedures on granting investment registration certificates. “The Construction Law is being revised according to three policy groups: reform and simplification of administrative procedures; simplification and abolishment of business conditions; and review of the legal system and … [Read more...] about Overlaps in legal system create difficulties for property businesses

    Participants attend the event to develop creative and sustainable business capacity. VNA/VNS Photo Ngọc Quỳnh HÀ NỘI Sustainable development is an urgent need for countries around the world. Việt Nam has made great efforts in this regard. … [Read more...] about Sustainable business capacity needed