The price of goods for the upcoming Tet (Lunar New Year) holiday is expected to be stable as the prices of petrol and pork have declined in recent times. Trade experts have said petrol and pork were the two main commodities directly impacting on the consumer price index. The petrol price recently fell for a fourth time this year, while pork was down to VND45,000-50,000 per kilo. Pork is the most popular meat for Tet feasts. Deputy Director of Ha Noi Industry and Trade Department Tran Thi Phuong Lan said the total value of goods to be sold for the Tet holiday was estimated to hit VND28.5 trillion (US$1.2 billion), up 10 per cent compared with that of last year. The goods include rice, meat, fruit, vegetables, alcohol and ornamental plants. “The supply of clothes and electronic products will also push up because of increasing demand of people before solar and lunar New Year holidays. Meanwhile, businesses will launch many promotional programme to boost consumption,” Lan said. … [Read more...] about Ha Noi prepares goods for Tet
What senna leaves good for
Hanoi starts stockpiling goods for Tet 2019
(VEN) - Hanoi will have to stockpile VND28.5 trillion worth of consumer goods for sale in the months leading up to the week-long 2019 Lunar New Year holiday, Tet, about 10 percent higher compared with 2018. Hanoi will ensure sufficient supplies of consumer goods for Tet The Hanoi Department of Industry and Trade has promulgated its market stabilization program for essential goods to serve consumers during the 2019 Tet holiday in early February. Given consumer demand in previous years, Hanoi has anticipated the amount of goods required for the two months preceding Tet. Estimates include 190,600 tonnes of rice; 44,000 tonnes of pork; 14,600 tonnes of chicken; more than 12,306 tonnes of beef; 256 million poultry eggs; more than 254,400 tonnes of vegetables and roots; 11,200 tonnes of seafood, 3,500 tonnes of dry agricultural and forest products; about 3,000 tonnes of confectionery; 200 million liters of beverages; 200,000cu.m of petroleum; and large volumes of … [Read more...] about Hanoi starts stockpiling goods for Tet 2019
New rules on processing goods for foreign traders
For goods exported or imported under special permits, firms can only sign the processing contracts for foreign traders once they receive licences from the Ministry of Industry and Trade. (Photo: VNA) Hanoi (VNA) - The Vietnamese Government has issued a decree stipulating that Vietnamese traders are allowed to process legal goods for foreign merchants, excluding the commodities banned or temporarily suspended from export and import. For the sectors considered relevant to state security and societal safety, including firearms, insurance, casinos, petrol and tax services, only the producers who fully meet the statutory conditions for producing and trading the listed products will be eligible to process them for export, according to the decree dated May 15, 2018. As for the goods imported by designated traders under the management of the State Bank of Vietnam (SBV), the processing of commodities will be implemented in accordance with the regulations of the SBV. For goods that must … [Read more...] about New rules on processing goods for foreign traders
New regulations on processing goods for foreign merchants
The Government’s Decree No. 69/2018/ND-CP stipulates that Vietnamese traders are allowed to process legal goods for foreign merchants, excluding the commodities banned or temporarily suspended from exports and imports. New regulations on processing goods for foreign merchants, illustration photo As for goods on the list of conditional business lines, only the traders who fully meet the statutory conditions in producing and trading the listed product are eligible to process for exports overseas. As for the goods imported in the form of designation of traders under the management of the State Bank of Vietnam, the processing of commodities will be implemented in accordance with the regulations of the State Bank of Vietnam. As for the goods exported or imported under permits, traders can only sign the processing contracts for foreign traders after they get licenses from the Ministry of Industry and Trade. The processing contracts must be made in writing or in other forms of … [Read more...] about New regulations on processing goods for foreign merchants
Additional 10 enterprises earn high-quality Vietnamese goods for…
Deputy Minister of Science and Technology Pham Cong Tac presented certificates of high-quality Vietnamese goods for integration for enterprises. (Photo: M.V)The recognition raised the total figure to 76, of which 66 enterprises were granted certificates by the High-quality Vietnamese Goods Enterprises Association. The newly-recognized enterprises include: Ngoc Lien Production - Trade - Export Import Co. Ltd., Janbee JSC, Vietnam Food JSC, Trang An JSC, Lam Son sugarcane JSC, Long Hai Co. Ltd., Hai Au agricultural development JSC, Elovi Vietnam JSC, Ba Vi JSC, and Nestle Co. Ltd. Recently, the Ministry of Science and Technology has granted a certificate on the ownership right of the title for the Association. Based on the inheritance of existing regulations and practices in Vietnam, so far, the criteria has received mutual recognition of Ho Chi Minh city Food Safety Management Board and GMP+ international standard (livestock feed, a basic condition for organic meat). It … [Read more...] about Additional 10 enterprises earn high-quality Vietnamese goods for…