Vietnam Business News

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• Farms hit by high feed prices
• Gov’t development fund for small, medium businesses
• Vietnam annual business report 2012 announced
• Trade turnover hits US$10.55 bil in first half of April
• Poor forecasts create difficulties for livestock breeders
• Vietnam calls for investments in airports
• Economic challenges hinder VN recovery
• Vietnamese handicrafts showcased at int’l Italian fair

Farms hit by high feed prices Posted: 21 Apr 2013 07:09 PM PDT High animal-feed prices are causing financial losses for husbandry households and farms, especially those that raise poultry, pigs and tra fish. Feed accounts for up to 70 per cent of production costs, according to livestock breeding farmers. The price of animal feed in Viet Nam is about 15-20 per cent higher than in China, Thailand [...]

Gov’t development fund for small, medium businesses Posted: 21 Apr 2013 06:54 PM PDT The Prime Minister has approved a development fund to support small and medium businesses, which will help these enterprises increase production and trade in their respective fields. The nonprofit fund will operate under the management of the Ministry of Planning and Investment and enjoy tax exemption. Financial assistance will be channeled through the Vietnam Development [...]

Vietnam annual business report 2012 announced Posted: 21 Apr 2013 06:49 PM PDT The report reviews developments in the economic growth, export-import balance, foreign investment attraction and changes of the world market. Speaking at the announcement ceremony, VCCI President Vu Tien Loc said the report has provided a panoramic picture of Vietnamese businesses' development during the 2002-2011 period, focusing on their transition, capacity improvement, especially in market access. [...]

Trade turnover hits US$10.55 bil in first half of April Posted: 21 Apr 2013 06:09 PM PDT Vietnam's total trade turnover for the first two weeks of April is estimated at US$10.55 billion, up 4.9 percent over the second half of March, according to the latest statistics released by the General Department of Vietnam Customs. Between April 1 and 15, Vietnamese exports, mainly telephones and spare parts, jewelry, cameras, coal, and steel, [...]

Poor forecasts create difficulties for livestock breeders Posted: 21 Apr 2013 06:08 PM PDT Many livestock breeders in Vietnam have suffered great losses due to price fluctuations and ineffective market forecasting. The National Institute of Animal Husbandry (NIAH) Pig Research Centre reported that purchases of specific pig varieties decreased 70 percent in the first quarter of 2013 compared to the previous year, and there is still an inventory of [...]

Vietnam calls for investments in airports Posted: 21 Apr 2013 03:48 AM PDT It's still very difficult to develop the infrastructure system for the aviation industry, because Vietnam still cannot attract non-state investment sources. Making classification would help attract investments The capacity of the domestic airports has increased from 6 million passengers in 2000 to 52 million in 2012. In 2009, the Prime Minister approved the airport development [...]

Economic challenges hinder VN recovery Posted: 21 Apr 2013 03:47 AM PDT The nation’s gross domestic product (GDP) is forecast to grow by 4.8 per cent during the second quarter of the year, lower than the previous quarter. According to a recent report by the National Centre for Socio-Economic Information and Forecast (NCEIF), many economic challenges highlighted during the first quarter would continue to hinder an economic [...]

Vietnamese handicrafts showcased at int’l Italian fair Posted: 21 Apr 2013 03:45 AM PDT Various types of Vietnamese products are on display at the 77th International Handicrafts Trade Fair being held in Florence, Italy from April 20-28. Vietnam was chosen as a guest of honour at the fair, which saw the participation of Vietnamese Deputy Minister of Foreign Affairs Nguyen Phuong Nga and Florence's Mayor Matteo Renzi. Vietnam's attendance at [...]

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