Vasep asks for decree review The Viet Nam Association of Seafood Exporters and Producers (Vasep) on Tuesday asked the Government to review Decree 36 on tra fish as it had several limitations. Vasep also asked for an extension of the implementation date of the decree from June 20 to July 1. The Decree 36, about tra fish raising, processing and export issued recently, regulated that tra fish export contracts must be registered with the Viet Nam Tra Fish Association. Registry of the tra fish association would become a requirement at customs clearance. This was regarded as unreasonable. In business, economic contracts were secret and information sharing might cause difficulties to enterprises, the association said. The decree had no regulations about responsibility of the tra fish association in keeping the business information confidential, or with regard to compensation when the information was leaked or used for self-seeking purposes. According to Vasep's Vice President Nguyen Huu … [Read more...] about BUSINESS IN BRIEF 9/6
Ace how long has this been going on
NA backs measures for growth National Assembly (NA) deputies yesterday agreed in principle with socio-economic development solutions proposed by the Government - maintaining macroeconomic stability, accelerating economic restructuring and revamping the current growth model. At the plenary debate in Ha Noi, the lawmakers expressed general agreement with salient features of the Government's report as well as the NA Standing Committee's verification report on socio-economic development in 2013. They also noted progress made in the first months of this year. The lawmakers acknowledged efforts made by ministries and local authorities in ensuring macro-economic stability, easing difficulties for businesses, maintaining security and improving people's lives. Minister of Industry and Trade Vu Huy Hoang informed the session that Viet Nam has set up trade ties with over 180 countries, signed eight free trade agreements and is conducting negotiations on six others. Hoang said Viet Nam was also … [Read more...] about BUSINESS IN BRIEF 4/6
Authorities checking milk prices The Ministry of Finance’s Price Management Department has asked the provincial market monitoring authorities for coordination to inspect prices of dairy products for children aged under six. Inspections will mainly focus on prices of products of four leading firms – Mead Johnson Nutrition (Vietnam), Vinamilk, Nestle Vietnam, and FrieslandCampina Vietnam. Mead Johnson Nutrition (Vietnam), Vinamilk and Nestle Vietnam have already adjusted up their prices while FrieslandCampina Vietnam has not yet applied new prices though the date for price revisions which it registered with authorities was on Tuesday. As specified in a statement sent by the Price Management Department to provincial market monitoring agencies, Mead Johnson Nutrition (Vietnam) hiked prices of 15 items from December 12, 2013; Vinamilk raised prices of 22 items on February 10; and Nestle Vietnam revised up prices of 11 items from January 31. The number of items of … [Read more...] about BUSINESS IN BRIEF 16/3
Government struggles to lure overseas Vietnamese talent back home; experts say it may take years After the Vietnam War ended in 1975, Jean Nguyen and her family moved to the US, where she then graduated at the top of her class at West Point, America's premier military academy, ten years later. US President Ronald Reagan called her an "American hero." Nguyen's story, and the story of US-Vietnam relations, came full circle that day. West Point was a driver of the killing of millions of Vietnamese and a million more Laotians and Cambodians during "The Vietnam War," which had caused Nguyen to leave. The country now finds itself lacking talented and trained workers, specialists and leaders. Historically, the cause has been war and colonialism and their lingering aftereffects. Currently, it might have to do more with bloated bureaucracies and business and management culture. Experts are mulling over what can be done in Vietnam to keep talent around, and draw in talent from … [Read more...] about Vietnam’s not got talent?
Add-on rooms put residents in peril Old residential buildings on Ha Noi's Nguyen Cong Tru Street. The safety of residents is threatened by the creation of extra "rooms" mostly carved out of balcony space, in residential buildings. Many extra rooms, mostly carved out of balcony spaces, have been built in resettlement and residential quarters in Ha Noi affecting the buildings' and people's safety, according to local authorities. Observations by the Vietnam News Agency's correspondent at the Den Lu 2 residential quarter in Ha Noi's Hoang Mai District showed that many add-on structures were built out of the apartment's balcony for several metres on the 17th and 18th floor causing dangerous conditions. Pham Vinh Quang, head of the E Building in the residential quarter, said that building the expanded parts seriously affected the building's safety. The management boards gave warning to the residents, but they still made it to have more space, he said. The same situation … [Read more...] about Social News 5/12