Many are astonished when hearing that packaged pho made in Thailand is selling like hot cakes in the US. After this surprise came worry and then sadness at Vietnam facing the risk of losing its “copyrights” to pho. But there is nothing abnormal here and what’s up when Thais are making Vietnamese pho? The world is a vast network of connections and so are business and culture, a fact that has been known for a long time. In the world of food, numerous dishes that are the specialties of one country have become internationalised and made in many other countries. Pizza has its origins in Italy and is a pride of the boot-shaped country but now it is hard to estimate how many countries are making pizza. In Vietnam, local people are also making and selling pizza like most other places around the world. Besides the restaurants of Vietnamese owners, there are also other popular chains whose owners do not come from Italy. Pizza Hut and Domino’s Pizza are owned by the … [Read more...] about What if one day Vietnam imports pho?
Vietnam important facts
The shortage of salt during the salt producing is a strange occurance in Vietnam given the fact that the country has good conditions for salt production along its 3,000 kilometres coastline. Against this backdrop, cooking salt prices are now betwwen VND1,400-1,500 per kilo, three times higher than last year. The short supply of salt by farmers has forced the government to import hundreds thousands of tonnes of salt at a higher price than in the domestic market for the first time. Deputy General Director of the Vietnam Salt Corporation, Pham Nang Phong, has admitted that the country is now running short of salt. At the beginning of this year, the Government had to use 30 tonnes from its salt reserves to cope with the shortage. The Ministry of Agriculture and Rural Development has decided to buy salt from India and Australia at VND1,600 per kilo, why trying to expand salt production areas to meet the increasing demand. Source: VOV … [Read more...] about Vietnam imports salt for the first time
Vietnam's gold imports totaled 110 tons last year, higher than the annual amounts imported in previous years, news website Saigon Times said, citing data from the World Gold Council. Of this, 40 tons were unofficial cross-border shipments and used to make jewelry, it said. The annual amount of gold imported for the past several years stand at around 100 tons, which cost the country around US$4.4 billion, according to the State Bank of Vietnam. In fact, the Vietnamese people consumed less gold last year than in previous years, since commercial banks accounted for 30 tons of the total bullion imported. Due to the ban on gold deposits at banks from June, 2013, onwards, they rushed to buy gold taels from the central bank to return them to their depositors before the deadline. The central bank, which became the sole importer of gold in 2012, is trying to control the gold market to stabilize the dong. Last year it also tightened conditions for gold tael trading, putting over 70 … [Read more...] about Vietnam imported 110 tons of gold last year: report
Vietnam should allow the dong to appreciate slightly to combat inflation, said the president of Asian Development Bank (ADB). "Appreciation of the dong may be appropriate, but a rapid appreciation would not be good because that would undermine competitiveness of Vietnamese industry," said President Haruhiko Kuroda in Hanoi Thursday at the end of a three-day visit. "A small appreciation may be appropriate but it depends on the economy and exchange policies decided on by the government." … [Read more...] about Stronger currency could help Vietnam
France aims to foster cooperation between the EU and Vietnam while the country holds the Presidency of the Council of the European Union, said the French Ambassador to Vietnam Friday. A graduation ceremony for an MBA program run by a French organization in Hanoi in May. … [Read more...] about France pledges increased Vietnam cooperation during EU presidency