There is no regulation about the discount rates suppliers have to pay to supermarkets or the the ratio of Vietnam-made goods that must be available at supermarkets. Talking with Tuoi Tre newspaper late last week, a representative from Central Group, the owner of Big C supermarket, said the high discount rates of 40-50 percent are shown in contracts signed between Big C and suppliers, and the rates are based on mutual agreement. Experts all affirmed that the Price Law and the documents guiding the implementation of the law donor include any provision on the discount rates suppliers have to pay when bringing goods to supermarkets. The discount rates will be defined after the two parties negotiate and come to agreement. According to Nguyen Tien Thoa, chair of the Price Inspection Association, the state only controls the prices of some kinds of products, and, therefore, can only control the discount rates of some kinds of products. As for other products, the selling prices and … [Read more...] about Is it necessary to set regulations on discount rates at supermarkets?
Sun sets in the west
Chu Lai Open Economic Zone (OEZ) in Quảng Nam Province was designated as a multi-sector economic zone yesterday, following Prime Minister Nguyễn Xuân Phúc’s decision on the zone’s master planning. Prime Minister Nguyễn Xuân Phúc (centre) joins the launch ceremony of a road-rail fly-over project in Quảng Nam Province. — VNS Photo Công Thành The new OEZ, which will cover 27,000ha of Tam Kỳ City, Núi Thành and Thăng Bình districts, is set to be developed in various industries including automobile manufacture, car supportive industry, oil refinery, high-tech agriculture and more. The new zone will include seven industrial parks on 4,950ha; four ports and logistics centre; four urban zones and a 4,300ha high-tech farm. Chu Lai Airport will be upgraded to host 5 million tourists and 5 million tonnes of cargo a year, while Kỳ Hà Port will be upgraded to host 50,000 DWT … [Read more...] about Chu Lai OEZ to expand
PPP is reckoned a long-term approach to luring additional investment to the agricultural sector. During the event themed “Partnership for Sustainable Agriculture in Vietnam (PSAV) General Meeting and PPP dialogue”, delegates pointed out an array of shortcomings in local agricultural development, including the uniform restructuring of the agriculture sector, underdeveloped processing, low labour productivity, economic inefficiency, and high consumption volatility. These inadequacies are considered as headwinds that hinder businesses from investing in the development of value chains. According to the PSAV, Vietnam needs to sketch out a long-term blueprint that adds importance to raising commitments by public and private sectors to their investment in agricultural projects. Workshop participants reckoned PPP as a long-term approach to attracting additional investment to the agricultural sector. They suggested that additional focus should be put on increasing agricultural … [Read more...] about Workshop views PPP as a long-term boost to agricultural development
Marcus Rashford (right) celebrates his goal in Manchester United's 3-1 win over Brighton. (AFP/Oli SCARFF) Ole Gunnar Solskjaer's side also benefitted from a first half own goal from Davy Propper to recover from an unproductive spell that had seen them score just four times in their last four home league games. United moved to within a point of the top five after scoring twice in two first half minutes and, although both came after significant deflections off Brighton defenders, it was no more than Solskjaer's side deserved. Fielding the youngest starting line-up of any team in the Premier League this season - 23 years, 350 days - United made an energetic opening with Rashford coming closest to a goal, with a committed run and powerful shot which Mat Ryan saved well. But on 17 minutes a United counter-attack saw Fred find Anthony Martial. His link with Pereira, whose shot took an unkind deflection off Dale Stephens, wrong-footing Ryan on its way in. United supporters were still … [Read more...] about Man Utd build momentum with win over Brighton
At the eighth session of the 14th National Assembly (Photo: VNA) Hanoi (VNA) – The National Assembly voted to pass a resolution on the socio-economic development plan for 2020 during the ongoing eighth session in Hanoi on November 11. The resolution, adopted with 88.2 percent of approval votes, sets out some specific targets. For example, the gross domestic product (GDP) is set to increase by about 6.8 percent, while the consumer price index (CPI) is kept at below 4 percent. The total export turnover is expected to increase by 7 percent, whilst the total amount of social development investment capital will make up about 33-34 percent of the GDP. The rate of poor households is set to reduce by 1-1.5 percent. The unemployment rate in urban areas is below 4 percent. Up to 90.7 percent of the population will join health insurance. General targets are set under the resolution such as stabilising macro-economy; curbing inflation; increasing productivity, quality, efficiency, … [Read more...] about NA adopts resolution on socio-economic development plan 2020