The Business Times: Local tuna exporters struggle to reach last year’s windfall

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• Local tuna exporters struggle to reach last year’s windfall
• Firms face challenges completing targets
• First tea plantation meets VietGAP standard in Lao Cai
• Hanoi hosts annual Int’l Agriculture Expo 2013
• Dak Nong can do more to attract investment: officials
• Auditing market: The power of the “Big Four”
• Bank staff detained for Phuong Nam loans
• Inflation rate to rise
• Japanese investors encourage policy improvements
• Da Nang lures FDI investment stream

Local tuna exporters struggle to reach last year’s windfall Posted: 08 Nov 2013 11:36 PM PST This year’s tuna exports will fail to reach last year’s level of US$600 million as exports to Japan and the US, the country’s two main markets, tended to further decline in the latter months. The forecast was announced by the Viet Nam Association of Seafood Exporters and Producers (VASEP). Over the past nine months, Viet [...] The post Local tuna exporters struggle to reach last year’s windfall appeared first on Vietnam Business News.

Firms face challenges completing targets Posted: 08 Nov 2013 11:35 PM PST Dong Phu Rubber’s (DPR) revenue in the first 10 months reached VND800 billion (US$37.7 million), accounting for only 65 per cent of the annual target and 73 per cent of last year’s figure. Its gross profit was VND287 billion ($13.5 million), completing only 56 per cent of the annual plan. The reason behind the gloomy [...] The post Firms face challenges completing targets appeared first on Vietnam Business News.

First tea plantation meets VietGAP standard in Lao Cai Posted: 08 Nov 2013 11:33 PM PST The northern province of Lao Cai saw its first tea plantation reach VietGAP standards. After the success of the safe tea project, implemented in several local communes of Muong Khuong District such as Lung Vai, Ban Lau, Ban Xen and Thanh Binh, the model will be replicated across the province. Presently, Lao Cai has over [...] The post First tea plantation meets VietGAP standard in Lao Cai appeared first on Vietnam Business News.

Hanoi hosts annual Int’l Agriculture Expo 2013 Posted: 08 Nov 2013 11:32 PM PST Hanoi's Department of Agriculture and Rural Development has announced the city will host the 2013 International Agriculture Exhibition (AgroViet 2013) from November 14–17. The exhibition will display produce, processed food, and handicrafts from Hanoi's craft villages (Bat Trang ceramics, Van Phuc silk, Quat Dong embroidery, and Ha Thai lacquer paintings) as well as high quality fruits [...] The post Hanoi hosts annual Int'l Agriculture Expo 2013 appeared first on Vietnam Business News.

Dak Nong can do more to attract investment: officials Posted: 08 Nov 2013 11:30 PM PST The Central Highland province of Dak Nong has not backed its investment attraction policies with commensurate action, experts say, stressing the need to deliver on infrastructure development and a well trained workforce. Provincial officials agree with the assessment and say shortcomings will be addressed even as Dak Nong makes its latest push to attract more [...] The post Dak Nong can do more to attract investment: officials appeared first on Vietnam Business News.

Auditing market: The power of the “Big Four” Posted: 08 Nov 2013 11:29 PM PST Of the 155 independent auditing firms licensed by the end of February 2013, foreign invested firms or the subsidiaries of foreign groups, especially the "Big Four" have been dominating the market. The playing field of foreigners Deloitte, EY, KPMG and PwC all have been present in Vietnam. They are the rivals of the same ability, [...] The post Auditing market: The power of the "Big Four" appeared first on Vietnam Business News.

Bank staff detained for Phuong Nam loans Posted: 08 Nov 2013 11:27 PM PST Two An Binh Bank (ABBank) officials were arrested on Wednesday for lending VND80 billion (US$3.8 million) to the Phuong Nam Foodstuffs Company which accumulated VND1.6 trillion (US$76million) in unsecured loans. Nguyen Van Son, former director of ABBank’s Bac Lieu branch, and Vo Van Truong, the branch’s customer relations chief are under investigation along with representatives [...] The post Bank staff detained for Phuong Nam loans appeared first on Vietnam Business News.

Inflation rate to rise Posted: 08 Nov 2013 06:49 PM PST The Ministry of Finance has warned Vietnam's inflation rate could rise during the last months of 2013, compounded by the bad debts of credit organisations destined to remain outstanding. The MoF said October's consumer price index (CPI) rose 0.49% above the previous month, 5.14% higher than last December and representing a year-on-year increase of 5.92%. [...] The post Inflation rate to rise appeared first on Vietnam Business News.

Japanese investors encourage policy improvements Posted: 08 Nov 2013 06:45 PM PST Japanese investors are urging the Vietnamese government to further improve the investment climate to attract Japan's small and medium-sized enterprises. 69 representatives from 52 Japanese multinationals and small and medium-sized enterprises (SME) attended a meeting last week with the Ministry of Planning and Investment (MPI) to propose measures that could further enhance Vietnam's investment environment. [...] The post Japanese investors encourage policy improvements appeared first on Vietnam Business News.

Da Nang lures FDI investment stream Posted: 08 Nov 2013 06:43 PM PST The central city of Da Nang has attracted over 346.04 million USD in foreign direct investment (FDI) in the first nine months of the year. Of the total, more than 44.04 million USD came from 30 newly licensed projects, while the rest came from 15 existing ones. The new projects mainly focus on services, tourism [...] The post Da Nang lures FDI investment stream appeared first on Vietnam Business News.

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