Thursday, March 13, 2014

The Business Times: Fertiliser market to face stiff competition

The Business Times: Fertiliser market to face stiff competition

Link to Vietnam Business News

Fertiliser market to face stiff competition

Posted: 12 Mar 2014 09:25 PM PDT

The local fertiliser market will face intense competition this year due to oversupply and cheap fertilisers being imported from China, according to the Ministry of Agriculture and Rural Development. The nation needs 11 million tonnes of fertiliser this year, 700,000 tonnes higher than last year, stated the ministry as reported by the VnEconomy newspaper. Meanwhile, the local […]

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Gloomy forecast for Vietnam’s coffee output

Posted: 12 Mar 2014 09:24 PM PDT

Vietnam's coffee output in the 2014-2015 crop is forecast to fall considerably against the previous season due to the prolonged unfavourable weather conditions so far this year, according to the Vietnam Coffee and Cacao Association (Vicofa). Recent cold spells in the northern mountainous province of Son La have damaged over 1,300 ha of local Arabica […]

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Mar 13: Vietnam gold extends gains to VND36.36Mln/Tael

Posted: 12 Mar 2014 09:20 PM PDT

This morning, Vietnam gold extended gains, rising by 60,00/tael to VND36.37 million/tael, following the world suit. However, the domestic gold growth is far below the increase level of the world gold. As of 10:25 am today, Hanoi time, SJC Hochiminh was traded at VND36.31 million/tael for bid and VND36.36 million/tael for ask, respectively. SJC in […]

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HCM City targets $2.5b in FDI

Posted: 12 Mar 2014 09:20 PM PDT

The southern hub of HCM City aims to attract US$2.5 billion in foreign direct investment (FDI) this year, which is 20 per cent higher than last year’s figure. According to the municipal Department of Planning and Investment, the top priority would be given to foreign-invested projects in high-value added industries such as engineering, electronics, IT […]

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Vietnam continues exporting rice to China, but with cautious steps

Posted: 12 Mar 2014 09:16 PM PDT

How would Vietnam behave towards the Chinese market in continuing to export rice to China to clear the big stocks, or stop the export in anticipation of high risks? Dan Viet newspaper has quoted its sources as saying that the Ministry of Industry and Trade (MOIT) is going to ask the government for a mechanism […]

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Trade promotion activities help firms boost exports

Posted: 12 Mar 2014 09:15 PM PDT

Under two major programmes, namely the National Trade Promotion Programme and National Brand Programme, promotion activities have helped boost exports and business activities both at home and overseas. According to the Vietnam Business Forum (VIB Forum), the National Trade Promotion Programme was carried out with three phases, consisting of 144 projects deployed by 71 units. […]

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Huge prospects for vegetable, fruit exports

Posted: 12 Mar 2014 09:09 PM PDT

Vietnamese experts are sanguine about the prospects for this year's fruit and vegetable exports, expecting to rake in 1.2 billion USD. Vietnam’s Fruit and Vegetables Association (Vinafruit) was quoted as saying fruit and vegetable exports jumped more than 22% against a year earlier to 136 million USD in the first two months of this year, […]

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TPP prompts exporters to head towards home market

Posted: 12 Mar 2014 09:07 PM PDT

Vietnamese garment exporters, from the big ones with strong brand names like Viet Tien or Nha Be, to outsourcing companies–have been gathering their strength to conquer the home market, which is believed to be more potential once the Trans Pacific Partnership Agreement (TPP) is signed. The domestic market was never considered an important market for […]

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Vietnam seeks assistance for affordable housing plan

Posted: 12 Mar 2014 09:06 PM PDT

Vietnam needs domestic and international assistance to carry out its housing plan for low-income earners to improve their living conditions, says Construction Minister Trinh Dinh Dung.  Addressing a seminar in Hanoi on March 12, Dung noted people from all over the country including rural and mountainous areas all have concerns over the lack of affordable […]

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Markets end mixed, City extends rally

Posted: 12 Mar 2014 08:53 PM PDT

Shares yesterday managed to maintain the upward trend for the sixth trading day on the HCM City Exchange with high liquidity while tumbling on the Ha Noi Exchange. The VN-Index edged up 0.26 per cent to end the day at 590.02 points, although decliners overwhelmed advancers by 143-98. The trading value on the southern bourse […]

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