Footwear zone takes vast steps
Domestic and foreign-invested enterprises (FIEs) in a leather and shoes zone continue to uncover substantial growth, creation Viet Nam a second largest tellurian exporter of footwear.
The Viet Nam Leather and Footwear Association (Lefaso), pronounced that in a initial 6 months of a year, a nation’s shoes exports jumped 17.8 per cent year-on-year to US$4.8 billion and a value is approaching to transcend $11 billion by this year-end, radio The Voice of Viet Nam (VOV) reported.
The tellurian approach has risen generally due to a mercantile liberation in a US and a EU, pronounced a association, and a giveaway trade pacts approaching to be sealed will give a offer procedure to Viet Nam’s leather and shoes exports.
The Trans-Pacific Partnership (TPP) Agreement and Viet Nam-EU Free Trade Agreement (VEFTA) are approaching to be sealed after this year or early subsequent year, and a certainty it is generating has resulted in outrageous investments in a leather and shoes sector.
Numerous projects awash with unfamiliar appropriation are being set adult via a nation in these sectors, with state-of-the-art technologies, and modernised and streamlined comforts that are adding value to their prolongation processes.
Suppliers of alien tender materials are also creation poignant investments in a sector, figure out a niche in a Vietnamese market, while aggressively looking for opportunities to tie-up with Vietnamese partners.
They are unanimous in a perspective that once a TPP and VEFTA come into effect, 2014 would be a essential year to lay a foundations and reap a advantages of augmenting trade activities.
The opportunities are there and it is adult to a domestic businesses to squeeze them, Tran Vi Co, Director of Hien Dat Exhibition and Trading Services Company said.
Lefaso President Nguyen Duc Thuan emphasised that a boost in use of domestic element has generated a lot of interest.
The leather zone has, compartment now, used usually around 30 per cent of a domestic materials, though this will boost significantly in a future, Thuan said, adding a nation is building dual leather industrial zones in dual categorical regions.
Furthermore, smaller industrial zones in pivotal regions are in several stages of enlargement to furnish other materials, such as fake leather, shoe soles, and decorating materials.
HCM City is going by a insubordinate mutation as a centre for a supply and sell of tender materials for a whole sector.
The zone has set a aim of regulating 100 per cent domestic dark-skinned leather by 2020, and 50 per cent of fake leather and 70 per cent of shoe soles by 2050, Thuan said.
Currently, Lefaso has devised measures to assistance a zone arise sustainably in a future. Training is one of a priorities.
Accordingly, a tellurian resource-training centre will be set adult in a southern segment in 2015.
Dong Nai reforms breed FDI gains
The Dong Nai administration says sustaining with executive remodel efforts with a concentration on licensing, taxation and etiquette procedures have paid off vast time.
It has been means to accommodate a annual FDI aim in usually 6 months, a Voice of Viet Nam Online news pronounced yesterday, citing Tran Minh Phuc, Vice Chairman of a provincial People’s Committee.
He pronounced a operation has captivated US$826 million in FDI in a initial half of this year, fulfilling a yearly aim and ranking it third in terms of FDI captivate among cities and provinces nation-wide.
Phuc pronounced streamlined executive procedures and softened infrastructure comforts have extremely softened a internal investment meridian and done a operation an appealing investment finish for unfamiliar investors.
The provincial Department of Planning and Investment pronounced Japan, South Korea and Taiwan are a heading FDI sources.
The initial half sum takes a sum series of FDI projects in a southern operation to 1,430, capitalised during over $25 billion, it said.
Chien Chih Ming, Chairman of a Taiwan Business Association in Dong Nai told VOV Online that Taiwanese investors rarely appreciated a internal authorities’ timely and effective assistance in elucidate their business difficulties.
Earlier this year, a operation motionless to appoint VND3 trillion ($143 million) for pivotal enlargement projects in travel as good as infrastructure in industrial zones.
Japan loans $338m for thermal plant
Japanese banks will loan Electricity of Viet Nam (EVN) some-more than US$338.2 million to build a Vinh Tan 4 thermal appetite plant in a executive operation of Binh Thuan.
The agreement was sealed in Ha Noi yesterday.
More than $202.9 million of a 17-year loan comes from a Japan Bank of International Co-operation, while a rest comes from a Bank of Tokyo-Mitsubishi.
The construction of a two-turbine 1,200 MW plant, invested by a EVN Power Generation Company 3, was started on Mar 9 this year.
The plant has a sum investment of $1.8 billion and will beget about 7.2 billion kWh per year once entirely operational in a third entertain of 2018. Its initial turbine is slated to go into operation in a fourth entertain of 2017.
Vinh Tan 4, together with 3 other plants, forms a Vinh Tan Power Centre – a country’s largest coal-fired appetite hire with a sum ability of 5,600 MW.
The centre’s operation will generally offer a southern executive and southern regions.
Japan Bank for International Cooperation (JBIC) is a policy-based financial investiture unconditionally owned by a Government of Japan. From Oct 2008, JBIC has no longer supposing ODA loan facilities, that have been joined into a Japan International Co-operation Agency (JICA).
Bibica reveals mountainous profits
Confectioner Bibica Corporation (BBC) has announced initial half pre-tax boost of scarcely VND24 billion (US$1.1 million), 4 times a VND6 billion ($284,000) it warranted during a same duration final year.
The company’s sales also augmenting 15 per cent year-on-year, totaling VND431 billion ($20.4 million), ubiquitous executive Truong Phu Chien pronounced during a shareholders’ assembly in HCM City on Wednesday.
Chien pronounced they have targeted sum revenues of VND1.2 trillion (nearly $57 million) this year, a year-on-year boost of 14 per cent year-on-year, for net boost of VND48.5 billion ($2.3 million).
It has also motionless to keep a money division for 2014 unvaried during 12 per cent, he said.
It will compensate VND18.5 billion ($877,000) as a 12 per cent division on 2013 business results.
Last year, Bibica posted sum sales of VND1.053 trillion ($50 million) and a net distinction of VND45 billion ($2.1 million).
The house skeleton to lift a marketplace share to 11 per cent this year by expanding prolongation capacity.
Bibica projects to deposition VND145.4 billion ($6.9 million) to enhance a Hung Yen factory, regulating VND73 billion ($3.5 million) to arise preserve candy prolongation and VND11.5 billion ($545,000) for augmenting prolongation of Hura covering cakes.
Chien pronounced a organisation would concentration on building a vital brands with sum sales of over VND100 billion ($4.7 million), focusing in sold on high-end herbal candies.
Regarding concerns over low liquidity of Bibica’s shares, Chien explained that vital shareholders like Lotte and Saigon Securities Inc (SSI) holding 83 per cent of a sum collateral and free-floating shares on a marketplace accounted for usually 6 per cent of a firms shares.
BBC bonds declined 0.9 per cent Wednesday to tie during VND57,000 ($2.70) per share on a HCM City Stock Exchange notwithstanding a certain business results. The trade volume was usually several hundreds to a few thousands shares any session.
Despite unbending foe in a market, other vast confectioners like Kinh Do Corp (KDC) and Bien Hoa Sugar Co (BHS) have also posted good performances this year.
Kinh Do Corp’s revenues in a initial 5 months rose 30 per cent year-on-year to VND1.454 billion ($68.9 million) and a pre-tax boost augmenting 6 per cent to VND112 billion ($5.3 million).
BHS has nonetheless to recover a second-quarter business formula though a net distinction in a initial 3 months climbed 47 per cent year-on-year to some-more than VND20.4 billion ($1 million).
Lending to collect adult in a third quarter
With a rallying economy and assistance of policies upheld by a Government, credit institutions design softened business formula in a third entertain of this year.
These are a commentary in a State Bank of Viet Nam’s (SBV’s) quarterly consult of business trends in a banking sector, carried out between May 20 and Jun 9, with 94 out of 117 polled institutions responding.
Eighty-eight per cent wish a deposition and lending seductiveness rates for a dong will sojourn fast or decline, while 70 per cent design these rates to diminution 1.24 per cent and 1.43 per cent, respectively, in this year over final year.
Ninety per cent design that deposits and loans will grow 3.6 per cent in Q3 and 14.2 per cent in 2014, for a whole banking system, while over 80 per cent contend their bad debt ratios will sojourn unvaried or tumble slightly.
With regards to a business prospects, 71 per cent design alleviation while 5.3 per cent have voiced concerns about retrogression this year.
Over 60 per cent have assessed that a patron approach for banking products and services is now “normal”, 20 per cent cruise it is “high”, and 15 per cent trust it is “low”. They all believe, however, that approach will continue to arise in a rest of a year.
Most of a institutions contend they will contend or revoke product and use charges, and even a slight rebate in prices won’t impact their ubiquitous business results.
About 36 per cent devise to partisan some-more employees while usually 2.2 per cent intend to retrench staff in a third quarter. For a whole year, a rates are 59 per cent and 3.3 per cent, respectively.
The credit institutions contend a SBV policies associated to seductiveness and sell rates as good as operational certainty have softened significantly and have had a certain impact on a business conditions of banks. Over 90 per cent note that a liquidity during their institutions has stabilised and softened in Q2 for both domestic and unfamiliar currencies, and this trend is approaching to continue in a entrance months.
But really small change is foresee in business and financial conditions, while a approach of a economy for banking products and services will arise slowly.
Siemens shows off appetite wares
The latest innovations in a areas of appetite delivery and distribution, industrial automation, and building technologies were on arrangement during Siemens Customer Day in HCM City yesterday.
“Quality and Excellence” was reason with a aim of removing closer to internal business and softened know their needs and expectations.
The eventuality was attended by around 200 companies in industries like substructure and automation.
Amway Vietnam gets ISO certificate
Amway Vietnam Ltd Company (Amway Vietnam) became a initial multi-level offering organisation to accept a tellurian ISO 22000:2005 Certificate trade with food reserve for a vitamins and dietary supplements code of Nutrilite.
The approval is a stepping mill for a organisation to request this customary complement during their second prolongation trickery in Binh Duong, that is approaching to be open by a finish of 2014.
ISO 22000 defines mandate on food reserve management, integrating pivotal elements such as operational trust exchange, complement management, exigency programmes and a beliefs of HACCP in sequence to safeguard food reserve for finish consumers. It is a heading tellurian certificate of food reserve and certified worldwide.
Shoe, leather expos open in HCM City
The 16th International Shoes and Leather Exhibition non-stop yesterday in HCM City, charity courtesy professionals a eventuality to have exchanges with their peers and demeanour for business opportunities.
It is on concurrently with dual other exhibitions, a 17th International Footwear and Leather Products Exhibition and Viet Nam International Exhibition on Garment Manufacturing Equipment and Fabric.
They have captivated some-more than 150 internal and ubiquitous companies from 18 countries and territories – including a UK, France, Germany, Italy, Japan, South Korea, India, mainland China, and Taiwan – an boost of 20 per cent compared to final year, Tran Vi Co, manager of Top Repute Co., Ltd, one of a organisers, said.
On arrangement are a far-reaching operation of materials and accessories for a shoes and mantle industries, chemicals, machines, and technologies used in tanning and make of shoes and garments.
Nguyen Duc Thuan, authority of a Viet Nam Leather and Footwear Association (Lefaso), pronounced a eventuality seeks to “promote a enlargement of tender materials and components for a leather and shoes and mantle industries.”
It is also directed during soliciting internal and unfamiliar investment in a ancillary industries to assistance boost internal calm in shoe and mantle production, so assembly a mandate set by trade agreements like a TPP that a nation is negotiating, he said.
Domestic bullion prices tumble to four-week low
Local bullion prices forsaken by 0.38 per cent yesterday to a four-week low of VND36.6-36.7 million (US$1,686 – 1,692) per tael, driven by a downward trend in universe markets on a strengthening of a dollar on Monday and Tuesday.
Sai Gon Jewellery Company (SJC) traded bullion during VND36.66-36.78 per tael, while DOJI traded a SJC bullion, during VND36.70-36.75 million per tael.
One tael is homogeneous to 1.2 ounces.
Hoang Anh, a consultant with a Ha Noi-based International Gold Company (IG) said: “World bullion is reviving though is still subsequent $1,300. The domestic marketplace needs to wait until tomorrow morning to locate a right trend.”
Local bullion cost has dipped 0.62 per cent in 3 days while universe prices fell 3.3 per cent in a final dual sessions, with Reuters stating it as a metal’s biggest two-day detriment given October.
Yesterday, mark bullion on a tellurian marketplace had gained 0.3 per cent to $1,297.94 an ounce.
Reuters cited traders as observant bullion could dump further, generally as this week’s $40 dump unsuccessful to beget a clever collect adult in earthy approach in Asia.
On Tuesday, Fed Chair Janet Yellen signalled that a Fed will reason a financial routine lax until jobs information shows a financial crisis’s consequences are gone.
Market observers have pronounced that if a Fed lifted seductiveness rates, there would be not many reasons for investors to reason gold.
SBV announces dollar cost hike
The State Bank of Viet Nam has announced that it has started shopping a US dollar for an additional VND100 as of Jul 16.
Accordingly, a executive bank augmenting a dollar’s shopping rate from VND21,100, that was remained for a final one year, to VND21,200.
In a morning session, a blurb banks of Vietcombank, BIDV, VietinBank, and ACB listed their dollar shopping rate during VND21,140 and VND21,180, and a offering rate between VND21,220 and VND21,240.
In a flea market, a US dollar’s shopping and offering rates were VND21,230 and VND21,260 respectively.
On a website, a executive bank kept a US dollar’s sell rate during VND21,246, unvaried from a new rate given Jun 19. The executive bank also set a roof cost for a dollar during VND21,458.5, that blurb banks were authorised to request as an effective sell rate, within 1 per cent margin.
Last week, a executive bank expelled a rough news on a banking marketplace during a initial 6 months. The news pronounced that after a new rate was practical on Jun 19, a forex rate has stabilised and a marketplace liquidity has been stable.
The news also pronounced that credit rose by 3.52 per cent, while a unfamiliar pot strike a record US$35 billion.
According to internal media, SBV administrator Nguyen Van Binh approaching that a credit enlargement would be some-more than 10 per cent by a finish of a year.
Steel zone projects 12 per cent growth
The domestic steel zone is approaching to grow during usually around 10 to 12 per cent this year, as expenditure from Jul to Dec would not be high.
Viet Nam Steel Association (VSA) pronounced a 3 months left in a second half of a year would tumble in a stormy season. This is a reason given a industry’s enlargement would be a same as a initial half of a year with approaching expenditure of 1.31 million tonnes, augmenting by 13 per cent.
Statistics from a organisation showed that steel expenditure in Jun was still low during 376,000 tonnes, shortening 10.5 per cent over a prior month.
This was a second uninterrupted month a zone saw dwindling steel expenditure after a pointy boost in Mar and Apr with an normal volume of some-more than 550,000 tonnes any month.
The news of Vietcombank’s Securities Company (VCBS) on prospects in a second half of a year, also pronounced outlay of building steel in a six-month duration would arise 12.7 per cent to 1.36 million tonnes in comparison with a initial half of a year.
However, VCBS pronounced policies to tie lorry loading ability from a commencement of April, and a arise in prices after a boost in ride costs by 1.5 to 1.7 times, would also revoke steel consumption.
The Ministry of Industry and Trade combined that steel prices have risen by VND100,000 to 150,000 per tonne given of a new petrol hike.
Selling cost of roughly steel products rose 5 to 10 per cent. Prices of building steel have been during VND15.6 to 15.65 million (US$739.3-741.7) per tonne.
In addition, a corner approach No 44/2013/TTLT-BCT-BKHCN tightening peculiarity of domestically constructed and alien steel also caused problems in consumption.
Businesses foster products in Singapore
Six Vietnamese companies are showcasing their products during a Singapore Gifts Premiums Fair 2014 reason during a Marina Bay Sands, Expo and Convention Centre from Jul 16-18.
At a Viet Nam Pavilion, a Tu Duy Handicraft Co Ltd from HCM City is displaying accessories done from horns and clam shells, while a Bobi Craft Co Ltd has pressed toys, paper bags, nap and chronicle gifts and toys, and a Viet Mano Co Ltd is charity rice paintings.
The 3 companies have participated in prior fairs and won orders from many Singaporean and unfamiliar companies.
Participating during a eventuality in Singapore for a initial time are a Huong Tram Co Ltd from Quang Nam Province, a Nha Trang Shenfa Agarwood Company from Dang Nang and a Global Links Asia Co Ltd from HCM City. They all wish to enhance their abroad markets over China, Thailand and other informal countries.
Bosch Vietnam awarded ‘High-Tech Status’ title
The German organisation Bosch Vietnam was awarded a certificate of “High-Tech Status” yesterday from a Ministry of Science, Technology and Environment for a use of high record and investment.
Under stream regulations, a certificate is postulated to businesses that for 3 uninterrupted years have invested during slightest one per cent of their turnover to investigate and enlargement work. The investment in a fourth year should be aloft than 1 per cent. Among other requirements, a investigate and enlargement organisation should paint during slightest 5 per cent of a sum staff.
Earlier this month, a organisation determined a second RD centre in Viet Nam, an automotive one in HCM City.
“Our internal engineers are rarely motivated, and a certain knowledge from a program and engineering RD centre in HCM City has given us a certainty to enhance a engineering ability in Viet Nam,” pronounced handling executive Vo Quang Hue.
The initial program and engineering RD centre, set adult in 2010, has 500 associates to accommodate augmenting approach for customised program enlargement and solutions in Southeast Asia. Bosch initial started operation in Viet Nam in 1994 and in 2008 set adult a wholly-owned subsidiary, Robert Bosch Vietnam Co.
Green appetite exhibitions switch on in HCM City
Many modernized electrical technologies and apparatus and energy-saving products are on uncover during dual exhibitions that non-stop in HCM City on Jul 16.
The four-day 7th International Exhibition on Electrical Technology and Equipment (Viet Nam ETE 2014) and a 4th International Exhibition on Products, Technologies for Energy Saving and Green Power (Enertec Expo 2014) has captivated over 100 companies, a fifth of them from countries like Japan, France, Singapore, Malaysia, and Thailand.
Besides a eventuality to showcase their technologies and products, a dual exhibitions also offer them a possibility to demeanour for internal partners and enter a Vietnamese market.
Duc Viet Industrial and Trading Company Ltd told Viet Nam News that it saw many intensity in a event.
After offering industrial fans in a north for many years a organisation is now eyeing a southern marketplace and looking for agents, and a exhibitions offering a good eventuality to find them, a organisation orator said.
On a sidelines of a events, several conferences on immature appetite will be reason with heading experts attending.
Organised by a city Department of Industry and Trade, CIS Viet Nam Advertising and Exhibition Joint Stock Company, and a Power Corporation, a exhibitions are on during a Tan Binh Exhibition and Convention Centre in Tan Binh District.
Knauf Vietnam commences work on new plant
Knauf Vietnam Company on Jul 16 started a construction of a initial plant in a northern pier city of Hai Phong.
Located in Dinh Vu Industrial Zone, Knauf Plant has been one of a largest unfamiliar approach investment (FDI) projects in a city.
Covering an area of 63,000sq.m, a plant has a sum investment of 30 million euros (US$40 million). As a plant comes into operational, it would have an annual ability of 12 million sq.m gypsumboard and 15 million linear metre steel profile.
“We usually launched dual distributors in Viet Nam (one in a South and one in a North), and now we are starting a construction of a plant. We trust once finished by mid-2015, a plant would assistance us advantage a substantial marketplace share in Viet Nam in ubiquitous and in a North in particular,” pronounced David Thomas, a company’s General Director.
Speaking during a groundbreaking ceremony, Thomas pronounced they were formulation to enhance their attribute with pivotal partners such as distributors, architects, developers, supervision authorities with an aim to widely deliver a state-of-the-art products with German record to Viet Nam market.
“Dinh Vu IZ is a vital plcae in terms of travel and prolongation that would yield a marketplace with high peculiarity products during rival cost and urge standards of a whole industry. That being said, we would urge and strengthen a position among building element manufacturers in Viet Nam,” he added.
Knauf Group, founded in 1932 is a multinational author of building materials and construction systems that operates some-more than 220 prolongation plants in over 60 countries with roughly 24,000 employees.
Recently, Knauf has been swelling a marketplace to East Europe and Asia.
Japanese firms meddlesome in PPP projects
Public-Private Partnership (PPP) investments in Viet Nam, were discussed by a Ministry of Planning and Investment and a Japan Bank for International Co-operation, in Ha Noi yesterday.
According to Deputy Minister Dao Quang Thu, there was good intensity for trade co-operation and investment between a dual countries, as Japan is now one of Viet Nam’s heading trade and investment partners.
The method was essay to finish a building of a PPP decree, approaching to be released subsequent month, with a wish of offer compelling a country’s mercantile enlargement by bringing in investment from private domestic and unfamiliar sectors, he revealed.
JBIC Governor Hiroshi Watanabe stressed that Japanese enterprises had pinned their faith in a country’s destiny mercantile enlargement prospects and are seeking opportunities to exercise their investment projects in a country, including those in a PPP form.
Watanabe asserted that JBIC had a knowledge in financing PPP projects in many countries, and was peaceful to share them with Viet Nam, to assistance a nation dive policymaking and doing of projects of this kind.
He also suggested that a Vietnamese supervision emanate a best probable conditions for Japanese firms, quite simplifying executive procedures and regulations to promote their investment in a country.
Once issued, a decree, comprising 12 chapters with 82 articles, is approaching to assistance attract some-more collateral from private investors into Viet Nam, generally from those abroad.
HSBC: investors do not change perspective on Vietnam
The analysis is formed on a fast influx of unfamiliar approach investment (FDI) into Vietnam, according to HSBC tellurian research.
Since Dec 2013, HSBC prolongation Purchasing Managers Index (PMI) has been above 50, display a ceiling trend of a sector. Output and apportion of purchases have been strong, responding to cost discounting and softened outmost demand.
In Jun 2014, trade enlargement was double digits, despite with some deceleration. But with trade opening essentially driven by unfamiliar invested enterprises, a regard is that new geo-political tensions with China will moderate a prospect.
GDP accelerated to 5.5% year-on-year in a second entertain of this year from 4.8% in a initial entertain on aloft prolongation and volatile use growth.
The short-term mercantile impact from geo-political tensions will approaching be limited, with sectors such as tourism temperament many of a brunt.
Tourist arrivals from China will approaching slow, though it will be normalised in a entrance months. Statistics uncover that traveller arrivals grew 26.1% in a initial half of 2014.
Core investors in Vietnam will stay put, as FDI tend to be sticky. The vital unfamiliar investors in Vietnam are Japan, a Republic of Korea (RoK), a US and Taiwan.
The long-term impact will approaching be how Vietnam organises a supply chain. Currently, Vietnam still relies on alien inputs for a vital trade items, including textiles, shoes and electronics.
Vietnam is negotiating for a Trans-Pacific Partnership (TPP). It is approaching to be a largest gainer of TPP once it is passes. However, one of a non-tariff adhering points for Vietnam is a Rule of Origin, that requires inputs to be sourced from TPP countries.
According to HSBC, TPP considerations and new tensions with China will accelerate a gait of reforms.
Inflation is approaching to stay stable, with some anniversary acceleration in early third entertain and State Bank of Vietnam will keep rate solid during 5%.
In serve to watchful for a finish of a EU-Vietnam FTA and good news from a TPP negotiations, observers will also watch out for a swell of State businesses and banking zone reform.
Vietnam creation good strides as a shoes supplier
Domestic and foreign-invested enterprises (FIEs) in a leather and shoes zone continue to knowledge substantial growth, ranking Vietnam a second largest tellurian exporter of footwear.
In a initial 6 months of a year, a nation’s shoes exports jumped 17.8% year-on-year to US$4.8 billion, according to a Vietnam Leather and Footwear Association (Lefaso), and economists are now forecasting them to transcend a US$11 billion benchmark by a finish of a year.
The resilient economies in a US and a EU are one of a pivotal factors giving arise to a augmenting tellurian demand. The shoes zone is experiencing though an equally critical cause is a giveaway trade pacts that are staid for signature.
The Trans-Pacific Partnership (TPP) Agreement and Vietnam-EU Free Trade Agreement (VEFTA) are approaching to be sealed after this year or early subsequent year, and a certainty they are generating has overwhelmed off extensive investment into a leather and shoes sector.
Numerous unfamiliar invested projects are growing adult via nation commissioned with a latest state-of-the-art technologies, modernised and streamlined comforts that are contributing directly to lifting a sectors combined value in a prolongation process.
Foreign element suppliers are pouring outrageous investment into a zone forging their niches in a Vietnamese markets and prospering, and are aggressively seizing any eventuality to concur with Vietnamese partners.
With unanimity, they are stating they cruise 2014 as a pivotal year as they manoeuvre to lay a substructure and get in position to advantage from a augmenting trade activities in a destiny once a TPP and VEFTA come into effect.
“Vietnam is a centre of concentration by element suppliers during a 16th International Shoe and Leather Expo non-stop in HCM City on Jul 16,” Tran Vi Co, Director of Hien Dat Exhibition and Trading Services Company.
The series of unfamiliar participants during a expo has augmenting by scarcely 20% compared to final year and this year’s eventuality has captivated a conspicuous 150 businesses from 18 countries and territories, he added.
The opportunities are real, though either domestic businesses will arise to a arise and seize them stays an open question, he concludes.
Lefaso President Nguyen Duc Thuan emphasised that a boost in a use of domestic materials has been sketch many attention. The leather zone has historically used usually 30% domestic materials.
In a future, this will boost significantly, Thuan said, adding a nation is building dual leather industrial zones in dual categorical regions. Furthermore, smaller IZs are in several stages of enlargement in pivotal regions to furnish other materials, such as fake leather, shoes’ soles, and decorating materials.
The HCM City is going by a insubordinate mutation into a centre for provision and exchanging materials for a whole sector.
The zone has set a aim of regulating 100% of domestic dark-skinned leather by 2020 and 50% of fake leather and 70% of shoes’ soles by 2050, Thuan said.
Currently, Lefaso devised measures to assistance a zone arise sustainably in a future. Training is one of a priorities. Accordingly, a tellurian resource-training centre will be set adult in a southern segment in 2015.
US to levy anti-dumping avocation on steel pipes
The US Department of Commerce (DOC) will strictly levy anti-dumping taxes on oil nation tubular products (OCTG) alien from Vietnam on Sep 2.
The DOC has resolved that several nations including Vietnam dumped OCTG in a US market.
The DOC’s preference was done after complaints lodged by American manufacturers including US Steel Corporation, Maverick Tube Corporation and Boomerrang Tube opposite Vietnam and 8 other countries and territories.
During a DOC’s investigation, Vietnam’s SeAH Steel Vina Corporation was levied 24.22% while Hot Rolling Pipe Co., Ltd. Vietnam, that has unsuccessful to answer a DOC’s questionnaire, perceived a top transfer domain of 111.47 percent.
Earlier on Feb 18, a DOC released a rough preference on a box underneath that Vietnamese companies perceived a transfer domain trimming from 9.57% and 111.47%.
However, a US International Trade Commission is a categorical organisation and it will emanate a final statute on Aug 21.
According to US statistics, Vietnam ranks third among steel siren exporters to a US with turnover reaching over US$110 million in 2013, usually after a Republic of Korea and India.
BIDV awarded “Best Commercial Bank”
The Bank for Investment and Development of Vietnam BIDV has been comparison – Best Commercial Bank – by a International Banker, a heading British financial and banking courtesy news organization.
BIDV is a initial bank in Vietnam celebrated by a British organization.
It was selected for a fame formed on a superb record of fulfilment in business operations, organisation enlargement rate, status and amicable responsibility.
In 2014, a classification presented banks in Asian countries awards in 4 categories: Best Commercial Bank, Best Private Banking, Best Investment Bank and Best CEO.
Australian Bank sets adult deputy bureau in Hanoi
The Governor of a State Bank of Vietnam (SBV) has released a permit authorising National Australia Bank (NAB) to settle a deputy bureau in Hanoi.
In suitability with SBV regulations, a NAB permit allows it to lift out a far-reaching accumulation of non-profit trade graduation activities within a constraints of a Law for a duration of 5 years.
One of a pivotal functions of a deputy bureau will be to guard a swell of a saved projects in Vietnam. The NAB categorical domicile is located during turn 1, 800 Bourke street, Docklands Vic 3008, Australia.
Dutch dairy author starts devise in Ha Nam
The Netherland-based FrieslandCampina Vietnam organisation on Jul 16 kick-started a construction of a devise on expanding large-scale dairy farms in a northern operation of Ha Nam, a initial financed by a dairy producer.
Covering 54.5 ha, a devise targets formulating 10 dairy farms, of that dual are slated for execution by December. After 5 years, any plantation will have 50-80 milch cows. The devise aims to safeguard fast supply of tender divert for a domestic market.
FrieslandCampina skeleton to set adult a complement aiming to squeeze tender divert during rival prices for internal farmers and another to control product quality.
Ha Nam now has a flock of some 500 milch cows that beget dairy products totally value around 15 billion (US$707,630) a year.
It strives to enhance a flock to 2,000 by 2015 and 7,000-8,000 by 2020.
Can Tho city – Japan in high-tech agriculture
A seminar directed during compelling technical team-work in cultivation and environmental insurance between Can Tho city and Hiroshima prefecture, Japan was reason on Jul 16.
Can Tho metropolitan People’s Committee Vice Chairman Dao Anh Dung pronounced that Japan is a grown industrial country, that has complicated cultivation and advantages in requesting high-technology in prolongation that can advantage cultivation in a region.
Can Tho privately wants to boost team-work with Hiroshima prefecture in a focus of high record to cattle-breeding, cultivation, aquaculture, animal quarantine, and irrigation management, Dung said.
This will severely advantage agriculture’s grant to a region’s mercantile enlargement and amicable gratification by expanding prolongation and improving a peculiarity of rural products, Dung added.
The personality of a Japanese business commission stressed that a prefecture stands prepared to negotiate team-work deals in constructing a microbiological manure factory, industrial rubbish H2O diagnosis and environmental protection, in serve to several high-tech cultivation deals.
As of a finish of 2013, Japan had upheld Vietnam with non-refundable support of US$120 million for 25 technical assistance projects and supposing US$450 million for 4 vital infrastructure projects in a fields of irrigation and forestry.
Approximately US$9.1 million has been disbursed from 13 Japan-invested projects in Can Tho city In 2013, Can Tho exported rural products and seafood to Japan generating sum income of US$155 million and alien machine and equipment value US$29.5 million from a country.
Samsung selects Vietnam as site for US$982 million facility
Samsung Electronics has name Vietnam over a Republic of Korea (RoK) as a plcae for a new bureau to furnish mobile phones, according to an essay by editorial author Choi Yong-hae on Donga Ilbo journal (East Asia Daily).
The essay pronounced that Samsung skeleton to deposition some US$982 million to erect a home apparatus bureau in HCM City.
The preference is attributed to factors such as a rarely prepared and younger work force in Vietnam and rebate costly work costs.
Another critical cause is that a Vietnam Government has offering many favoured policies for Samsung Electronics in terms of business sourroundings and taxation incentives.
At present, around 24,000 Vietnamese workers, who are deliberate really clever in creation mobile phones, are operative during Samsung Electronics’ bureau in a northern Bac Ninh province.
Made-in-Vietnam products showcased in Singapore
Many Vietnamese companies are introducing their products during a Singapore Gifts Premiums Fair 2014, that is ongoing during Marina Bay Sands muster centre from Jul 16-18.
Vietnam’s stand, sponsored by a Vietnam Embassy in Singapore, is showcasing a accumulation of high-quality goods, trimming from trinket to trade apparatus done of healthy materials such as animal fur, bone, horn, and pearl shell.
This is a fourth time Vietnam has attended such a satisfactory in Singapore, by that Vietnamese companies perceived many orders from unfamiliar firms and distributors.
On a occasion, a Office Expo Asia (OEA) 2014 is removing underway in Singapore, attracting 110 companies, including Bkav Vietnam record group.
Bkav Vietnam is introducing a latest product – SmartHome. Chu Anh Quan, Singapore-based Bkav Vietnam arch deputy pronounced his organisation has so distant sealed contracts to yield Smart Home trickery for a series of apartments in Singapore.
First petrify filled steel tubular arch overpass in Vietnam
Workers are putting a finishing touches to Dong Tru concrete-filled steel tubular arch bridge, a initial of a kind in Vietnam, that is due to open to trade in Oct 2014.
The bridge, travelling a Duong River, links Dong Hoi kibbutz of Dong Anh district with Ngoc Thuy sentinel of Long Bien district in Hanoi.
It is partial of a extended Highway No5 project, portion as a pivotal artery to support civic and industrial enlargement in a northern partial of a Red River.
The overpass got off a belligerent in 2006 with a sum investment of some-more than VND6,600 billion sourced from a State budget.
It has been built by a Civil Engineering Construction Corporation No1 JSC (Cienco 1) and China-based Guangxi Road and Bridge Construction Company. However, a Chinese executive withdrew from a devise in Jun 2012.
Once completed, a 1,140m prolonged overpass will have 8 lanes, 3 categorical spans, and dual entrance roads.
Vietnam Entrepreneurs Association to entrance in Angola
An organisation of Vietnamese entrepreneurs will be determined in Angola to support any other in operation and softened benefit on business opportunities in this market.
The preference was done during a discussion reason in Angola’s Luanda capital, deliberating a investiture of a association.
The entertainment was attended by some-more than 40 representatives from a Executive Committee of a Vietnamese People Association and Vietnamese business village handling in Angola.
A fortitude adopted during a discussion says a organisation needs to take measures to overcome weaknesses among Vietnamese businesses, including extemporaneous operations and miss of information updates.
The discussion inaugurated a provisional 40-member executive house and authorized a breeze licence of a association.
Export aim tough charge for tuna industry
The domestic tuna courtesy will find it formidable to strech a trade value aim for a year given of rebate in exports given a commencement of this year.
According to a Vietnam Seafood Exporters and Producers (VASEP), a exports of tuna, a seafood product carrying a third largest trade value after shrimp and tra fish, reduced in volume and value dual years ago.
Last year, a trade value had a year-on-year tumble of 7% to US$526 million, and a value was primarily approaching to advantage a year-on-year of 6.46% to US$560 million for this whole year.
However, that expectancy is cut to US$450 million for this year given of countless hurdles faced by internal tuna exporters.
In vital trade markets of Vietnamese tuna, including a US, Japan and ASEAN, exports of a internal tuna have reduced given a finish of final year.
In a initial 5 months of this year, Vietnam exported tuna products to 86 markets in a world, 16 markets some-more than in a same duration final year. But a sum trade value of tuna saw a year-on-year dump of 19% to US$203.8 million.
During a initial 5 months, a tuna trade value to a US and ASEAN countries fell 26.5% and 29.5%, respectively.
The tuna trade value to Japan had a enlargement opposite a same duration of final year though reduced 60% as compared with a value in a early partial of this year. Meanwhile, a value to a EU had a year-on-year boost of 0.6%.
The reasons for a rebate in trade value embody miss of supply, trade barriers and foe with other tuna exporting countries.
VASEP pronounced that a incomparable markets have asked a exporter to accommodate a mandate on start of seafood including a new EU Illegal, Unreported and Unregulated (IUU) fishing law and a acceptance for seafood traceability in a US.
However, Vietnamese exporters are anticipating it tough to accommodate these mandate due to unsound information on journals of seafood exploitation and refuge from fishermen.
The trade markets have also tightened activities on handling food hygiene and safety, creation it formidable for internal tuna exporters to boost business in a vast markets.
Vietnam has not had a tolerable enlargement devise for a tuna courtesy so a supply and peculiarity of tuna has not been stable. Equipment for fishing and refuge of tuna is also antiquated.
Additionally, rival ability of Vietnamese tuna products has also reduced due to low domestic supply and high import taxation for tuna that used to be processed for export. Now, Vietnam has alien 50% of a approach for tuna with import taxation between 10 to 24%.
BIDV supports Ninh Thuan project
The Bank for Investment and Development of Vietnam (BIDV) yesterday sealed an agreement to financial a medical apparatus devise for a executive operation of Ninh Thuan.
Under a document, a bank will yield scarcely VND10 billion ($470,000) to squeeze medical apparatus for 3 satellite hospitals and a
Ninh Thuan surety health centre enlargement project.
Addressing a signing ceremony, Thai Phuong Phien, Director of Ninh Thuan General Hospital, affianced to use a supports and accelerate crew training to work a new machines.
With a new equipment, a satellite faculties of Ninh Thuan General Hospital are approaching to urge a peculiarity of check-ups and treatments and palliate a overkill in executive hospitals. In a prolonged term, it is approaching to revoke costs and studious diagnosis times, according to provincial authorities.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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