Talk Vietnam

The first scientific findings of Sam vu diep (Panax bipinnatifidus Seem.) and Tam That hoang (Panax stipuleanatus H.Tsai et K.M.Feng) have laid the foundation for a new development of endemic species at Hoang Lien Mountains. Sam vu diep and Tam that hoang were discovered in 1964 in Lao Cai province. However, unlike China which has been intensifying the analysis and extraction of the chemical components of this plant, there have been very few such studies in Vietnam. The research on ‘developing sources of raw materials and creating products from two species of medicinal plants: Sam vu diep and Tam that hoang in the northwestern region’ was conducted by Ly, the National Institute of Medicinal Materials (MOH) and Nam Duoc Company. The research on ‘developing sources of raw materials and creating products from two species of medicinal plants: Sam vu diep and Tam that hoang in the northwestern region’ was conducted by Ly, the National Institute of Medicinal … [Read more...] about Identifying “chemical fingerprints” of herbs at Hoang Lien mountain range

Instead of competing fiercely with each other, cashew companies have now joined hands to boost exports and focus on deep processing to obtain higher added value for their products. In the first seven months of the year, Vietnam exported 245,000 tons of cashew nuts, an increase of 11 percent over the same period last year, but the export turnover decreased by 22 percent to $1.8 billion. Analysts said that in such conditions cashew companies need to be united and focus on deep processing. In order to have enough cashew nuts for export, Vietnam has to import 2/3 of materials needed, mostly from Ivory Coast, Tanzania, some countries in West Africa and from Cambodia. The way cashew companies organize production is just like production of textile and garment companies. Chair of the Vietnam Cashew Association (Vinacas) Pham Van Cong advised enterprises to design the terms of contracts very carefully when doing business with African companies. In case of dispute, the dispute should be … [Read more...] about Good news for Vietnam’s cashew industry

The Government will adopt stricter penalties to prevent foreign goods being exported to the other markets under Vietnamese labels to avoid tariffs. The General Department of Customs is developing a process to check goods which are often subject to trade fraud. (Photo tapchitaichinh.vn) Experts forecast that firms exporting goods from countries subject to high tax rates would find ways to illegally transfer the goods to Vietnam and then export them to the US, Europe and Japan to circumvent the ongoing US-China trade dispute. Nguyen Van Can, director of the General Department of Customs, said they had directed provincial and municipal units to drastically strengthen inspections to uncover fake certificates of origin (C/O). Goods imported from China are sometimes repackaged with “made in Vietnam” labels, before they apply for certificates of origin for export to the US, Europe and Japan. Violations have been uncovered in different sectors, including garment and … [Read more...] about Vietnamese government to crack down on trade fraud

In terms of the gender of new business owners across 54 countries, Vietnam had the highest ratio of women to men: 1.14 to 1, according to the Global Entrepreneurship Monitor. Vietnam has one of the highest female labor-force participation rates (the proportion of women who are in paid work or looking for it) in the world, The Economist reported. In Vietnam, some 79% of women aged 15 to 64 are in the labor force, compared with 86% of men. That figure is higher than in all the members of the Organization for Economic Cooperation and Development (OECD) except Iceland, Sweden and Switzerland, and ten percentage points above China, Vietnam’s northern neighbor. The different sexes gravitate towards different types of work. Men tend to take jobs in corporations or organizations that confer status, whereas women tend to be more enterprising. In terms of the sex of new business owners across 54 countries, Vietnam had the highest ratio of women to men: 1.14 to 1, according to the Global … [Read more...] about Vietnam named among countries with highest female labor-force participation rates

The headquarters of Pou Chen Vietnam Enterprise Ltd. in Bien Hoa city Tan Tao Investment and Industry Corporation's (ITA) representative said that the footwear research and development centre will be deployed in Tan Tao Industrial Zone (Binh Tan district, Ho Chi Minh City). “The developer of this project has fulfilled all the procedures to be certified and start in the next months,” he said. Last year, IDEA Limited Company signed a contract to rent about 20 hectares of land in Tan Tao IZ with an estimated leasing fee of VND500 billion ($20 million) for this centre. The project may be divided into several phases, but in the first phase, IDEA will lease 6.5ha only. The project was received the investment certificate with total investment of $80 million at the end of 2017. Tsai Pei-Chun, chairwoman and CEO of Pou Chen Group, said the group is present in six Vietnamese localities with over ten factories and 160,000 workers. These include PouYuen Vietnam Enterprise Ltd. … [Read more...] about Pou Chen and Far Eastern projects at the starting line