Potatoes from Da Lat will have a new logo and brand that will make it more difficult for traders to sell cheaper Chinese potatoes under the name of Da Lat. (Photo: tuoitre.vn) Lam Dong (VNA) – The Central Highlands province of Lam Dong has approved a programme to build Da Lat potato brand to prevent farmers from selling cheap Chinese potatoes disguised as potatoes from Da Lat, which are more expensive. In the near future, the province plans to spend around 1 billion VND (44,000 USD) to print around 200,000 packages that will be provided during a pilot run to several Da Lat potato farmers and businesses. Around 700 tonnes of potatoes will be packaged in 2 and 5 kilo packages. The packages will feature the logos of the Da Lat brand (the provincial brand for produce and products made in Da Lat), and will be designed in ways that make it difficult to imitate. This will help customers tell the difference between the two types of potato.  Traders often import cheap potatoes … [Read more...]

SSI’s annual general meeting in HCM City on Friday approved many important plans (Photo: VNA)   HCM City (VNA) - Saigon Securities Incorporation (SSI) targets pre-tax profits of 1.615 trillion VND (70.8 million USD) on revenues of 3.41 trillion VND (149.56 million USD) this year, year-on-year increases of 12 percent and 15 percent. At its annual general shareholders meeting in Ho Chi Minh City on April 20, the company also laid out its medium- and long-term business strategies for each of its areas of business like securities services, treasury, investment banking, and asset management. Shareholders approved a change in the company’s name to SSI Securities Corporation. The company’s rationale was that SSI was a well-known brand in the domestic and international financial markets. Last year it was selected by Forbes Vietnam as the only securities company among Vietnam’s 40 Most Valuable Brands, with its brand valued at 26.5 million USD. Nguyen Hong … [Read more...]

Illustrative image (Source: Internet) Kuala Lumpur (VNA) – Measures to promote import-export of livestock products between Vietnam and Malaysia was the focus of a seminar held in Kuala Lumpur, Malaysia, on April 21. The event saw the participation of representatives from the Vietnamese Ministry of Agriculture and Rural Development (MARD); the Vietnamese Embassy and Commercial Affair in Malaysia; Malaysia’s Ministry of Agriculture and Agro-based Industry; and those from leading enterprises in processing, exporting and importing livestock products of the two countries. In his opening speech, Deputy Minister of MARD Tran Thanh Nam said the livestock cooperation between Vietnam and Malaysia still remains modest compared to the potential, and opportunities and mechanisms for businesses of the two sides to strengthen links is limited. He hoped that through the seminar, authorities and enterprises of the two countries would understand more about each other's situation and … [Read more...]

According to the Department of Livestock Production’s initial report, 4,283 salangane breeding houses in 32 provinces. The bird is bred most in the Mekong delta region, the southeast, the central coastal region. Thanks to adoption of techniques, Vietnamese breeders made progress from raising to hatching eggs. Moreover, they have technique to entice and remove the bird to a certain place. Additionally, improved administrative formalities facilitated operation of private firm and households. However, the department said that there has been no regulation whether salanganes is domestic animal or wild animal for management and zoning. At the meeting, enterprises said they take heed to exports of bird-nest; nevertheless, a representative from the Department of Agriculture and Rural Development in the central province of Khanh Hoa advised not to focus on export but neglect the local market . As per Khanh Hoa Department of Agriculture and Rural Development, the sector has offered … [Read more...]

At the working session (Source: VNA) Hanoi (VNA) – Minister of Industry and Trade Tran Tuan Anh has suggested China’s Guangxi consider building a cooperation agreement with Vietnam in the domains of economics, trade, industry and investment, thus further promoting partnerships among the two countries’ enterprises. During a meeting with visiting Chairman of the Guangxi Zhuang Autonomous Region Chen Wu in Hanoi on April 20, Minister Anh praised the leading role of Guangxi in cooperating with Vietnam in many fields, and Vietnamese localities in particular in Vietnam, especially in economy and trade. The Ministry of Industry and Trade (MoIT) attaches special importance to developing cooperation with Guangxi, and considers the locality an important bridge connecting Vietnam with the Chinese market, he said, adding that Vietnam is willing to become a bridge helping Guangxi as well as other Chinese localities boost bonds with other Southeast Asian markets. … [Read more...]

Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) attends the 10th anniversary of Samsung Electronics Vietnam (Photo: VNA)   Hanoi (VNA) – Samsung Electronics Vietnam marked its 10th anniversary at a ceremony held in the northern province of Bac Ninh on April 20. Speaking at the event, Deputy Prime Minister and Foreign Minister Pham Binh Minh congratulated Samsung Electronics Vietnam in particular and Samsung Vietnam in general on their business results over the past decade. He said Samsung’s success in Vietnam is also the success of the country’s reform policy and reflects the improvement in investment environment in the Southeast Asian nation.   Vietnam encourages businesses from the Republic of Korea in general and Samsung in particular to expand production in the country, he added. The Deputy PM suggested that the RoK businesses should transfer technology, pay attention to and ensure interests of workers, while supporting Vietnamese … [Read more...]

Visitors of the International Vietbuild Exhibition (Photo: VNA)   Da Nang (VNA) - The International Vietbuild Exhibition opens in the central city of Da Nang on April 21 with 300 domestic and international businesses joining in. This year’s expo is also attended by 54 enterprises and groups from the US, Germany, Australia, Japan, Singapore and the Republic Korea. On display at 1,000 booths is a wide range of products used in construction, building materials, real estate, architecture, exterior-interior decoration, solar energy machines and smart home technologies. The five-day event will offer an excellent opportunity for domestic businesses to meet, exchange experiences, and transfer technologies with foreign partners. Meanwhile, visitors to the exhibition will be able to discover a raft of new products for use in building a modern, smart, and convenient house. A series of activities will be held including seminars, trade exchanges between businesses, and the … [Read more...]

Micro, small and medium enterprises businesses are defined as the engines of growth and innovation in the APEC region, alongside the two important areas of agriculture and innovative startups (Photo: ipsard.gov.vn)   Hanoi (VNS/VNA) - More efforts should be made to boost administrative reform in the banking system to further facilitate access to credit for micro, small and medium enterprises. This was the consensus at the conference titled “Reforming administrative procedures – improving credit access” held on April 20 by the State Bank of Vietnam and the Chamber of Commerce and Industry (VCCI). According to VCCI data, 97 percent of the 500,000 enterprises operating in Vietnam are small and medium sized (SMEs). Of these, 85-90 percent is micro and small companies. Bank capital has contributed significantly to the development of the private economic sector, especially the SMEs. This was demonstrated in the rapid improvements of both the overall business … [Read more...]

Visitors at the 2018 Cosmobeaute Vietnam that opened in HCM City on April 19 (Source: VNA) HCM City (VNA) -  The Vietnam International Exhibition on Aesthetic, Beauty, Cosmetic, Hair, Nail and Spa, or Cosmobeaute Vietnam, opened in HCM City on April 19 with more than 200 exhibitors taking part. According to the organisers, 75 percent of the exhibitors are from countries and territories such as Germany, Hong Kong, Italy, China, Japan, the Republic Korea, Malaysia, Singapore, Spain, Taiwan, Thailand, and the US. The expo would enable the local beauty industry to source premium brands and enhance and extend its business opportunities, CP Saw, founder of Cosmobeaute, said. The exhibitors include manufacturers, exporters, distributors, agents, and suppliers of perfumery, cosmetic and personal hygiene products, natural health products, health foods and beverages, dietary supplements, professional care products, equipment and solutions for beauty salons, salon furnishing, spa and … [Read more...]

Indications slumped in both Hanoi and Ho Chi Minh Stock Exchanges, with total transaction value reaching 8.22 trillion VND (362.2 million USD). The sharpest drop was seen in the prices of real estate, insurance and banking shares, falling 5.66 percent, 5.32 percent and 5.15 percent, respectively. Rubber shares also suffered from a fall of 3.17 percent, while retail shares were down 3.19 percent. A total of 204 million shares worth over 7.29 trillion VND (321.3 million USD) were traded on the HOSE. Meanwhile, the VN30 fell 49.61 points to 1,066.09 points, with 75 million shares were sold for over 4 trillion VND (176.4 million USD). On the Hanoi Stock Exchange, the HNX-Index dropped 1.72 points to 131.05 points, while the HNX30 also fell 3.11 points to 244.24 points. The UPCoM-Index on the Unlisted Public Company Market declined 1.23 points to 57.8 points. A total of 15 million shares were traded, equivalent to 281 billion VND (12.3 million USD). The VNXALL, the common index … [Read more...]