Wednesday, May 15, 2013

The Business Times: Pepper producers must spice up products

The Business Times: Pepper producers must spice up products

Link to Vietnam Business News

Pepper producers must spice up products

Posted: 15 May 2013 12:11 AM PDT

For six years, Vietnamese pepper has held about 50 per cent of global market share, but pepper products still fail to meet their potential, said Do Ha Nam, chairman of the Viet Nam Pepper Association. Actually, 95 per cent of unprocessed exported pepper is exported through three major importers – India, China and the United [...]

Tho Trang oil rig ahead of schedule

Posted: 14 May 2013 11:17 PM PDT

Vietsovpetro, a joint Vietnamese-Russian enterprise for oil and gas exploration, aims to complete the installation of the Tho Trang 01 (White Rabbit 01) oil rig at the beginning of July, 15 days ahead of schedule. The Trade Union of the Vietsovpetro joint venture launched a contest on May 11 in southern Ba Ria – Vung [...]

Manila bans live shrimp imports

Posted: 14 May 2013 10:17 PM PDT

The Philippines has banned the import of live shrimp from Viet Nam due to fear of disease, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP). The country’s Bureau of Fisheries and Aquatic Resources fears that Vietnamese shrimp could infect native shrimp with early mortality syndrome (EMS). The ban applies only to [...]

Airlines, travel firms tout discounts

Posted: 14 May 2013 10:16 PM PDT

Local tour and airline companies are offering discounts on domestic tours for the upcoming summer holiday. National carrier Viet Nam Airlines and travel companies like Fiditour and Vietravel have teamed up for the promotion. Viet Nam Airlines is offering discounts of 38-58 per cent on economy class tickets for domestic flights to 11 tour companies [...]

Vinamilk named as Viet Nam’s favourite brand

Posted: 14 May 2013 10:14 PM PDT

Vinamilk, the leading local dairy company, is the most popular fast-moving consumer goods (FMCG) brand in Viet Nam, although Coca Cola still dominates the global market. Up to 94 per cent of the country’s households purchased Vinamilk products, with an average frequency of 27 times per year, according to the Kantar Worldpanel Brand Footprint Ranking [...]

World electronics forum opens in capital

Posted: 14 May 2013 10:09 PM PDT

Viet Nam expects to co-operate with world electronics associations in investment and human resource training to develop the country’s electronics industry. The statement was made by Deputy Prime Minister Nguyen Thien Nhan at the 18th Annual World Electronics Forum in Ha Noi yesterday. Addressing participants at the three-day event, Nhan said that the Vietnamese government [...]

State offers insurance help for those near poverty line

Posted: 14 May 2013 10:09 PM PDT

Some people in households described as “near-poor” will have their health-insurance fees paid out by the State Budget. This follows a decision recently issued by the Government. According to Decision No705/QD-TTg issued last week, full support will be provided to those who have narrowly escaped from poverty line in recent years. The State Budget will [...]

BVSC forecasts CPI in May to rise less than 0.3pct

Posted: 14 May 2013 09:58 PM PDT

In its macroeconomic report in April 2013, Bao Viet Securities Co (BVSC) forecasted the consumer price index (CPI) in May to likely to rise slightly, at less than 0.3 percent. BVSC said that during this period, the prices of some goods such as food-foodstuff, transport, culture-entertainment-tourism tend to increase slightly. In addition, the impacts of [...]

HCM City aims for major growth by 2020

Posted: 14 May 2013 09:57 PM PDT

HCM City hopes to double its average income by 2020 and triple it by 2025, according to a master plan approved by the People's Council on May 13. Form 3,600 USD last year it is expected to go up to 8,430-8,822 USD by the end of the decade and to around 14,000 USD by 2025. [...]

National stocks fail to retain gains

Posted: 14 May 2013 09:52 PM PDT

Shares reversed yesterday’s gains to tumble on both national stock exchanges this morning. On the HCM City Stock Exchange, the VN-Index retreated 1.24 per cent to 482.89 points. Losers overwhelmed gainers by 165-44. While blue chips were a boost to the HCM City market yesterday, they weighed on the VN-Index during this morning’s session. Insurer [...]
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