Thursday, February 20, 2014

The Business Times: Vietnam’s catfish “choking” because of import barriers

The Business Times: Vietnam’s catfish “choking” because of import barriers

Link to Vietnam Business News

Vietnam’s catfish “choking” because of import barriers

Posted: 19 Feb 2014 09:59 PM PST

The rapid-fire bad news has come recently, leading to the pessimistic forecasts about the future of the Vietnam's catfish industry. Ten years ago, catfish ("tra" as called by Vietnamese) was called the "golden fish" because it brought big money to Vietnamese farmers. Vietnam's catfish exports, according to the Vietnam Association of Seafood Exporters and Producers […]

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Fruit, vegetable exports expected to surge

Posted: 19 Feb 2014 09:59 PM PST

Fruit and vegetable exports are expected to enjoy an export turnover growth of 20-30 percent by the end of 2014, according to the Ministry of Agriculture and Rural Development.  Last year, Vietnam raked in around 1.04 billion USD from shipping such products overseas, a year-on-year increase of 25 percent, statistics from the Vietnam Fruit and […]

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Fake coffee trademark revoked in China

Posted: 19 Feb 2014 09:51 PM PST

The Chinese Ministry of Industry and Trade’s Trademark Review and Adjudication Board has decided to cancel the “Buon Ma Thuot Coffee” trademark registered by Guangzhou Buon Ma Thuot Coffee Co. Under Chinese Trademark Law, if the affected party is dissatisfied with the decision, it has the opportunity to initiate legal proceedings at the People’s Court […]

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Number of commercial banks may be reduced by half

Posted: 19 Feb 2014 09:51 PM PST

There are currently over 30 domestic commercial banks in Vietnam, and SBV's governor has just confirmed that this figure is planned to be half, local newspaper Saigon Economic Times reported. Answering the question about whether or not the plan to reduce the number of domestic commercial banks (excluding foreign banks, development banks and policy banks) […]

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Automobile industry needs strategic focus: magazine

Posted: 19 Feb 2014 09:46 PM PST

In any angle of product, sedan seems to be the apparent face of the Vietnamese automobile industry, said an article published on the Vietnam Business Forum – a weekly magazine of the Vietnam Chamber of Commerce and Industry.  However, many people forget, intentionally or unintentionally, that the automobile industry is not only made up by […]

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Vietnam, Switzerland enjoy fruitful trade ties

Posted: 19 Feb 2014 09:46 PM PST

Trade turnover between Vietnam and Switzerland was US$1,039 million in the first 11 months of 2013, up 10.2% from a year earlier, according to the Swiss Customs Administration. In the reviewed period, Vietnam sales to Switzerland were US$695.1 million, up 14.5% year on year. As a result, Vietnam enjoyed a US$351.2 million trade surplus with Switzerland, […]

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Solutions sought to promote steel exports

Posted: 19 Feb 2014 09:41 PM PST

The Vietnam Economic News, in a article published on February 19, proposed the steel industry reorganise its distribution system, improve competitiveness and promote exports to new markets to achieve growth of 6-7 percent in 2014. Supply far exceeds demand According to the Vietnam Steel Association (VSA), steel production and consumption in the 2011-2013 period faced […]

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VN trade with Germany flourishes

Posted: 19 Feb 2014 07:37 PM PST

Germany is Viet Nam’s largest trade partner in the EU, accounting for 20 per cent of the country’s total trade turnover from the bloc. This was announced by the Information Centre under the Ministry of Industry and Trade. The centre used statistics from the General Department of Customs to illustrate that last year, Viet Nam’s […]

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E-commerce scams plague Internet-driven Vietnam

Posted: 19 Feb 2014 07:35 PM PST

It takes just five minutes and a few clicks to open a shop online, so that is all it takes to scam people. Shopping websites have mushroomed in Vietnam to cater to a community of more than 34 million Internet users, of whom 18 million shopped online last year according to an official survey. But […]

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SBV: 24 T-bill auctions to be organized in 2014

Posted: 19 Feb 2014 07:24 PM PST

The State Bank of Vietnam (SBV) has just announced the schedule for Treasury bill auctions via its Operations Center in 2014. Accordingly, in 2014, there will be two Treasury bill auctions each month as follows: Time Auction Date (T) Issuing Date/Payment Date (T+l) January 6/1/2014 7/1/2014 20/1/2014 21/1/2014 February 10/2/2014 11/2/2014 24/2/2014 25/2/2014 March 3/3/2014 […]

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