The Business Times: Steel imports menace local industry

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• Steel imports menace local industry
• Uncontrollable prices on baby formula challenge authorities
• Vietnam soon to build national competitiveness index
• Vietcombank sees total lending grow in jul-aug
• Real estate market opens widely, but foreigners may not enter
• Opportunities and challenges for farm exports
• Tra fish exports to EU down by 12.8 percent
• Tien Giang invests in fruit plantations
• Ministry: OTT isn’t to blame for recent 3G price hikes
• New petrol importers handed quotas

Steel imports menace local industry Posted: 10 Sep 2013 12:56 AM PDT A sharp rise in iron and steel imports has badly affected the local steel industry in the context that production capacity of many kinds of steel products has doubled demand. Iron and steel volume imported into the country totaled around 6.2 million tons worth nearly US$4.5 billion in this year's January-August, rising by 24.7% and [...] The post Steel imports menace local industry appeared first on Vietnam Business News.

Uncontrollable prices on baby formula challenge authorities Posted: 10 Sep 2013 12:53 AM PDT Improper management policies have created huge rip-off possibilities in the market place for imported baby formula, which is putting more burden on local parents. According to the statistic from the General Department of Vietnam Customs, the import price is only USD4-5 but the retail price is as high as USD20-43. “Consumers have always had to [...] The post Uncontrollable prices on baby formula challenge authorities appeared first on Vietnam Business News.

Vietnam soon to build national competitiveness index Posted: 10 Sep 2013 12:45 AM PDT The Ministry of Planning and Investment is mapping out criteria for building the national competitiveness index in an effort to pinpoint weaknesses and strengths of the economy as a basis for solutions to cope with the slowing economy. The initiative is suggested by Deputy Prime Minister Nguyen Thien Nhan, who also serves as chairman of [...] The post Vietnam soon to build national competitiveness index appeared first on Vietnam Business News.

Vietcombank sees total lending grow in jul-aug Posted: 10 Sep 2013 12:43 AM PDT Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) said its total outstanding loans rise in July and August after declining by 1.47% in the first half of the year, the local newswire VnEconomy.vn has said. According to chief executive officer Nghiem Xuan Thanh, the HOSE listed lender have expanded lending by 2.8% by [...] The post Vietcombank sees total lending grow in jul-aug appeared first on Vietnam Business News.

Real estate market opens widely, but foreigners may not enter Posted: 10 Sep 2013 12:39 AM PDT The Ministry of Construction's idea of allowing foreigners to buy houses in Vietnam may not help warm up the frozen real estate market, because foreigners may not intend to buy houses once they are too expensive. Chris Brown, CEO of Cushman & Wakefield Vietnam, thinks that the land price, which determines the profitability of real [...] The post Real estate market opens widely, but foreigners may not enter appeared first on Vietnam Business News.

Opportunities and challenges for farm exports Posted: 10 Sep 2013 12:35 AM PDT Vietnam's World Trade Organisation (WTO) membership has adversely affected the country's agricultural sector. This assessment was shared by experts at a recent seminar hosted by the Ministry of Agriculture and Rural Development (MARD). MARD Deputy Minister Nguyen Thi Thu said Vietnam is especially vulnerable to global market fluctuations because it is unable to capitalize on [...] The post Opportunities and challenges for farm exports appeared first on Vietnam Business News.

Tra fish exports to EU down by 12.8 percent Posted: 10 Sep 2013 12:33 AM PDT Vietnam's tra fish exports are estimated at US$237 million in the first eight months of the year, down 12.8% against the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). VASEP said that by mid- August, seafood exports to the EU fetched US$667.3 million, of which tra fish dropped [...] The post Tra fish exports to EU down by 12.8 percent appeared first on Vietnam Business News.

Tien Giang invests in fruit plantations Posted: 10 Sep 2013 12:30 AM PDT Southern Tien Giang Province will invest VND760 billion ($36.19 million) in developing infrastructure to plant star apples and dragon fruit. The fund would cover the development of an irrigation system, roads and electricity networks for two star apple cultivation areas in Chau Thanh and Cai Lay districts and for a dragon fruit area in Cho [...] The post Tien Giang invests in fruit plantations appeared first on Vietnam Business News.

Ministry: OTT isn’t to blame for recent 3G price hikes Posted: 09 Sep 2013 08:24 PM PDT HA NOI (VNS) — While a recent hike of 3G package costs was attributed to the rampant growth of Over-The-Top (OTT) services, the Ministry of Information and Communications has said it was in fact because 3G service fees were falling under production costs. Speaking at a recent meeting, Information and Communications Deputy Minister Le Nam [...] The post Ministry: OTT isn’t to blame for recent 3G price hikes appeared first on Vietnam Business News.

New petrol importers handed quotas Posted: 09 Sep 2013 08:22 PM PDT A NOI (VNS) — The Ministry of Industry and Trade on Sunday imposed minimum petrol import quotas for two new wholesale distributors, to ensure sufficient supply for the year. The Trading and Transport Materials Import Export Joint Stock Company in northern Hai Phong Port City and the Hung Phat Trading Co in central Quang Binh [...] The post New petrol importers handed quotas appeared first on Vietnam Business News.

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