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Firms cautioned when exporting pepper to Myanmar The Ministry of Industry and Trade’s Agency of Foreign Trade has warned domestic enterprises to take caution when exporting pepper to Myanmar after a local company was added into the list of importers under close watch by the Myanmar Customs. The company is named Ngwe Galon Min Co., Ltd and addressed at No.446/447, Konzedan street, Thein Gyi Zay (A) Yone, Pabedan Tsp, Yangon. Under the Myanmar law, imports that fail to pass customs clearance within 60 days since arriving at a local port will be put up for auction and added to the public property. According to the Vietnam Trade Office in Myanmar, the company refused to receive Vietnamese pepper due to their falling prices at the time of delivery. The agency advised firms to actively grasp information about free trade agreements, especially those regarding tax incentives, quality requirements and rules of goods origin. It also encouraged businesses to adopt modern technology to … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 22

Vietnamese silk, brocade fashion show held in Russia At the event Over 70 creations by Vietnamese designer Minh Hanh were introduced at a silk and brocade fashion show in Moscow, Russia on October 20. It was the third time the designer had introduced her creations in Russia. Vietnamese artisans were also invited to the event to demonstrate their brocade weaving skills to visitors. Speaking at the event, Counsellor and Chargé d'affaires at the Vietnamese Embassy in Russia Nguyen Quynh Mai thanked leaders of the Tsarisino Museum, the State Museum of Oriental Art and units concerned for creating favourable conditions for the organisation of the event, which came in concurrent with Vietnamese Women’s Day (October 20). Designer Hanh told reporters that an exhibition on silk and brocade weaving was held on October 21 in Koloma, dubbed as a silk city of Russia. She also hoped that she could soon hold a fashion show in Saint Petersburg, ancient capital of Russia. Earlier, … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 22

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

Number of low birth weight babies remained almost constant in Vietnam over last 15 years, according to latest figures. Vietnam had the lowest low birth weight rate in Southeast Asia & Oceania in 2015, at 8.2 per cent, according to the latest research from the London School of Hygiene & Tropical Medicine, UNICEF, and the World Health Organization (WHO), published in The Lancet Global Health journal. “This figure is most encouraging,” said Ms. Rana Flowers, UNICEF Representative in Vietnam. “However, as a national average, it does not give us the complete picture and is likely to hide important disparities, for example among the poorest mothers, 28 per cent of whom do not have institutional deliveries and their newborn’s weight is not usually recorded.” Data from the report shows that more than 20 million babies were born with a low birth weight (less than 2.5 kg, or 5.5 pounds) in 2015; around one in seven of all births worldwide. … [Read more...] about Vietnam has lowest low birth weight rate in Southeast Asia & Oceania

Plastics industry confident of achieving 3.2 billion USD export target The local plastic industry, with solid growth in shipments, will surely meet its yearly export target of 3.2 billion USD, according to the Vietnam Plastics Association. According to Ho Duc Lam, its chairman, said exports saw impressive growth last year to 3 billion USD while overall revenues jumped to 12 billion USD. “Exports in the first nine months of the year increased by 5 percent and will continue to enjoy good growth in the rest months of the year. “The US-China trade war has offered opportunities to Vietnamese plastics firms to boost exports.” According to the association, exports go to more than 150 countries and territories, with the US and Japan being key markets. In the domestic market, some industries, even those such as aerospace which use high-grade materials, are shifting to plastic products, and as a result sales have grown rapidly, Lam said. Locally-made plastic products are … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 16