Rice exports set to pick up in Q1 2019 Rice exports are predicted to thrive during the first quarter of 2019 as regular importers are giving positive signs, according to a Ministry of Agriculture and Rural Development source. Rice exports to regular importers such as the Philippines and Indonesia will soar in the first quarter of 2019 as both have recently been hit by natural disasters. The Agro Processing and Market Development Authority made the prediction at a press conference on January 22. The conference briefed expectations of farm produce exports during 2019, reported the news outlet Vietnam Economic Times. The authority stated rice exports to regular importers such as the Philippines and Indonesia will soar in the first quarter of 2019 as both have recently been hit by natural disasters. As many as 166 Filipino companies have made plans to import 1 million tons of rice, of which many have been ordered from Vietnam. This move came after the Philippines lifted its import … [Read more...] about BUSINESS NEWS IN BRIEF 26/1
Silver or gold investing which is better
Viet Nam News By Phùng Kim Trọng The stormy season came late this year. Not until the 7th lunar month did the news incessantly broadcast forecasts about the first storm of the year heading in from the East Sea. Since the night before, the air had been deadly still and sweltering. Everybody prepared for the wind and rain that was about to lash down any moment. Fortunately, professor Hà ĐạiThịnh’s children had all returned in time for his funeral. Hoàng Thu Thảo leaned back on an armchair with her arms spread and resting on the arm pads. Her two hands knitted against each other across a belly which was as big as a pregnant woman’s. Her head bent down on her fat neck, her eyes closed slightly, as if she was dozing. For several days straight, she had been sitting in this posture, making no movements even if somebody came to inquire after her. She was waiting for the moment when her beloved husband would leave her forever. … [Read more...] about Dust
Norwegian solar companies seek cooperation opportunity in Vietnam A group of Norway’s leading solar companies attended a Norwegian Solar Seminar in Hanoi on October 15 to look for cooperation opportunities with local partners in the solar energy sector. The event is co-organized by Royal Norwegian Embassy and Power Engineering Consulting Joint Stock Company 1 (PECC1), under the Electricity of Vietnam (EVN) with the attendance of Norweiginan Ambassador designate, Ms Grete Lochen, Commercial Counsellor Mr Harald Naevdal, General Director of EVN PECC1 Mr Pham Nguyen Hung, representatives from the Ministry of Industry and Trade, and over 70 participants from the EVN and its subsidiaries, independent power plant owners, construction companies, private investors from Vietnam and Laos, suppliers and consultants and other stakeholders. At the seminar, an energy consultant of the World Bank presents an overview of Vietnam’s solar energy, highlighting the achievements of … [Read more...] about BUSINESS NEWS IN BRIEF 19/10
Which tourism products for HCMC?By Dao Loan The municipal authorities should also study the market from a large database to identify groups of tourists whose preference and travel behavior can be met by local tourism products - PHOTO: DAO LOAN HCMC needs new tourism products based on its inherent advantages to meet market demand. Two months ago, Hoang Thi Phong Thu, a businesswoman who provides services for Russian tourists, spent several days surveying orchid gardens in Cu Chi (HCMC) in search of new attractions. After many years bringing Russian tourists to HCMC, her tour programs have become familiar, forcing Thu to look for something new for her clients. However, the new destinations and services promoted by the city’s tourism authorities are not enough for this tour operator to include in her itineraries. Therefore, she has to find some on her own. “Russian tourists are not interested in the jewelry quarter or the oriental medicine quarter [two among the new … [Read more...] about Which tourism products for HCMC?
VN garment sector to boost export growth The domestic textile and garment industry is expected to sustain growth in exports in the coming months, according to the Viet Nam Textile and Apparel Association (VITAS). Truong Van Cam, VITAS vice chairman and general secretary, said many textile and garment companies had signed contracts to produce export products in the third quarter of this year. Many Vietnamese garment firms had also sustained high growth this year in traditional markets such as the United States, the Republic of Korea, the European Union, and member-states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Cam said a series of recently-signed free trade agreements (FTAs) was expected to boost the sector. Since 2001, Viet Nam had signed bilateral trade agreements with the US, Japan, China, and the Republic of Korea, as well as Australia, New Zealand, and India, and joined the World Trade Organisation. However, global demand for textiles … [Read more...] about BUSINESS IN BRIEF 6/6
Fire threat stalks Bình Dương wood workshops Many woodwork plants in Bình Dương Province face a high risk of fire since they lack proper prevention equipment. —Photo: thanhnien.vn With the year just three months old there have already been fires at many wood processing workshops in Bình Dương Province, which have caused injuries to people and damaged properties. Recently there have been several fires in Tân Uyên town that caused serious damage with thousand of square metres of workshops burnt down and several businesses going bankrupt as a result. In February a fire destroyed a 1000sq.m facility belonging to Mỹ Nghệ wood processing workshop in Thuận An town. The province has more than 600 woodwork facilities, but only 10 per cent of them have effective fire prevention equipment. Though losses caused by fire are huge, most businesses, with an eye on cost, fail to invest in fire prevention equipment. … [Read more...] about Social News 30/3
PNJ targets opening at least 40 stores this yearPhu Nhuan Jewelry (PNJ) plans to open at least 40 new stores this year and have 300 by the end of April. The 40 new stores include gold stores or stores combining gold and silver retail.It has also set a net revenue target of VND14.1 trillion ($619.6 million) for the parent company this year, up 30 per cent, with after-tax profit increasing 22 per cent to VND882 billion ($38.7 million).PNJ is in the process of preparing for upgrading and modernizing its ERP system, through which it can study customer behavior at outlets and better understand customer choice.The company also plans to use big data to develop new products aimed at more specific customer groups and at the same time use digital marketing strategies to expand market share.As noted by HSC, PNJ’s sales in FY2017 increased 28 per cent year-on-year to VND10.97 trillion ($482.1 million) thanks to most segments growing strongly. Gold bar revenue increased 20 per cent, to … [Read more...] about BUSINESS IN BRIEF 1/2