Ministry of industry and trade

Existing factors in the market, especially strong FDI inflow, all are supporting the prosperity of the industrial real estate market. According to JLL Vietnam, five leading industrial real estate markets in the southern region all had high occupancy rates, 81 percent on average in the second quarter of the year. HCM City, Binh Duong and Dong Nai were the three biggest markets. A report of the Ministry of Planning and Investment shows that in H1, the FDI capital in industrial zones and economic zones reached $8.7 billion, while the demand for industrial real estate surged significantly as a result of the US-China trade war. Meanwhile, Foxconn (Taiwan), Lenovo (China), Nintendo, Sharp, Kyocera and Asics (Japan) are considering moving. Savills’ report says that Vietnam’s industrial real estate sector is thriving because of the impacts of FTAs. Of these, CPTPP, set up in January 2019 and Vietnam-EU (EVFTA), signed in June 2019, both have helped attract more investment … [Read more...] about Industrial real estate thrives on FDI increase

Vietnam is already negotiating with other countries and territories for assistance, said Dinh Viet Thang, director general of the Civil Aviation Authority of Vietnam (CAAV) at a conference on Wednesday. Taiwan and South Korea have agreed to grant Vietnamese airlines fifth freedom traffic rights, which would allow them to carry passengers and goods from their territory to a third country. The CAAV has been recognized by the U.S. as achieving a Category 1 rating, which means it meets the International Civil Aviation Organization’s standards for personnel licensing, operations and airworthiness. Technical capability is still an issue for Vietnamese carriers since to operate flights to the U.S. they would need long-haul aircraft. They would need to meet the ETOPS-180 standard for operating twin-engine aircraft across oceans, which requires them to fly for 180 minutes on just one engine. In the country, only Vietnam Airlines has achieved this standard. Carriers seeking to fly to the … [Read more...] about Vietnamese carriers flying to US will face fierce competition: aviation officials

Trade Tra fish firms struggle to gain local market share By Trung Chanh Thursday,  Dec 12, 2019,16:48 (GMT+7) Tra fish firms struggle to gain local market share By Trung Chanh Employees process tra fish for export at a local business. Tra fish firms struggle to acquire bigger local market share – PHOTO: TRUNG CHANH HCMC - Vietnamese tra fish have been exported to over 150 countries and territories, but its consumption in the local market has yet to rise. The lack of a distribution network and stores is one of the main causes of the limited consumption. Many restaurants and hotels have tried serving a wide selection of tra fish dishes, but diners still hesitate to choose them, Chiem Thanh Long, general director of Binh Quoi Tourism Village, told a conference discussing ways to encourage the domestic consumption of tra fish. The event was co-held by the Business Association of High Quality Vietnamese Goods and … [Read more...] about Tra fish firms struggle to gain local market share

The Vietnamese animal feed market is considered very promising with the value of $6 billion a year. However, feed producers have faced difficulties because of African Swine Fever (ASF). Big investments The Vietnamese animal feed market is considered very promising with the value of $6 billion a year. However, feed producers have faced difficulties because of African Swine Fever (ASF). Not only CP, other enterprises, both Vietnamese and foreign, have poured tens of billions of dollars into plans to expand their production. Difficulties Luong Bang Vietnam's livestock exports expected to fetch US$1.2 billion this year The livestock and related sectors’ exports were worth US$855.4 million in the first nine months of the year and is expected to reach $1.2 billion for the year, according to the Ministry of Agriculture and Rural Development.   … [Read more...] about African Swine Fever challenges Vietnam’s animal feed producers

Students study at the Sa Pa Town Primary School in the northern mountainous province of Lao Cai (Photo: VNA) Hanoi (VNS/VNA) - Enterprises must be fully aware of children's rights and work to ensure them, experts said at a conference held in Hanoi on December 11. The conference, organised by the Vietnam Chamber of Commerce and Industry (VCCI) and UNICEF Vietnam, drew nearly 100 participants from concerned institutes, academies and ministries. During the conference, experts discussed children’s rights and getting enterprises aware of these rights and contributing to promoting them nationwide. Nguyen Quang Vinh, general secretary of the VCCI, said joining trading conventions brought new opportunities for Vietnam, but also challenges. Enterprises must strictly follow regulations about child labour and child’s rights, which was part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement … [Read more...] about Enterprises have to ensure children’s right: experts