Hanoi Times – Nguyen Ton Quyen, Deputy Chairman of the Wooden and Forestry Products Association, talked about the problems of the wood processing industry. What would you say about the business results of wood processors in 2007? In 2007, the total export turnover of wooden products reached $2.5bil, an increase of 21% over 2006. However, the high growth rate could not make wood processors happy because they were still facing a lot of difficulties. The materials for wood processing are seriously lacking. The added value of exported wooden products remained low. Meanwhile, the Government still did not release the overall plan on wooden products development. Therefore, though gaining the high growth rate of 20% in the last few years, Vietnamese wood processors still have small production scale, while they do not have good cooperation with colleagues. The spontaneous development of the wooden processing industry is the inevitable result of the tardiness in setting up a … [Read more...] about Wooden products exports grow well, but problems exist
Definition of product market
Samsung Electronics Co unveiled a stripped down version of its flagship Galaxy S4 smartphone on Thursday, aiming to grab a bigger share in the mid-tier segment as growth in the high-end market slows. Samsung Electronics Co unveiled a stripped down version of its flagship Galaxy S4 smartphone on Thursday, aiming to grab a bigger share in the mid-tier segment as growth in the high-end market slows. The Galaxy S4 mini, which follows the debut of the S4 just a month ago, will have a 4.3-inch screen - still bigger than Apple Inc's 4-inch iPhone 5 - and a 8-mega pixel rear-facing camera. By comparison, the original S4, which hit the 10 million-sale mark last week to become Samsung's fastest selling smartphone, has a bigger 5-inch full high-definition screen and a 13-mega pixel camera. Samsung did not announce a price for the phone or give a launch date, but the market estimates the smaller type will be priced at around $350. The launch comes ahead of the widely speculated low-priced … [Read more...] about Samsung Unveils Galaxy S4 Mini Phone to Target Mid-Tier Market
Weak Market Forecast Ability of Vietnamese Enterprises According to the 2014 survey of Can Tho Branch of the Vietnam Chamber of Commerce and Industry (VCCI Can Tho) assessing the revenue and profit of many businesses in the agricultural sector, fisheries, construction and real estate, manufacturing, trade, and services from June to mid-August, the market forecast abilities, especially the forecast ability of enterprises, are not strong, which has affected business operations. This issue was presented by Ms Nguyen Thi Thuong Linh, Deputy Director of VCCI Can Tho, at the conference on the economy of Mekong Delta in the context of the economic dependencies and the concerns of the businesses, which was held recently. Lack of market information At the conference, Ms Linh cited survey results indicating that there are 43 percent of businesses with revenue less than 50 percent, and 51.8 percent with revenue more than 50-70 percent, 55 percent businesses with profit less than 50 percent … [Read more...] about Weak Market Forecast Ability of Vietnamese Enterprises
Earlier, the National Assembly focused on economic restructuring which is considered an urgent task. Nguyen Duc Kien, Vice Chairman of the National Assembly Economic Committee, said there is a need to work out specific plans for financial market restructuring. Mr. Kien said of the Government’s 1.4 billion USD package to support enterprises, the key will be distributing and using this fund effectively: "We will support enterprises but not by every means. The State will promulgate a policy for applying the fund. Meanwhile, enterprises themselves must reform their operation and restructure their production with State support". During the afternoon, the NA debated the draft law to combat money laundering, which deals with the detection, prevention and the arrest and punishment of offenders, international cooperation to prevent money laundering and supporting terrors. Many deputies stressed on the urgent need to issue a law to combat money laundering. Some said that a clearer … [Read more...] about NA discusses draft laws on harmful effects of tobacco, money laundering (VOVworld) – National Assembly deputies today continued their discussion of a draft law on countering the harmful effects of tobacco at the ongoing third session of the 13th National Assembly. Most agreed that it is essential to establish a fund to mitigate tobacco’s effects, to define the responsibilities of tobacco companies and tobacco users, and to broaden the fight against tobacco.
This was the main theme of a recently held round-table discussion with the attendance of former Deputy Prime Minister Vu Khoan, Dr Tran Dinh Thien, director of the Vietnam Institute of Economics and Professor Vu Trong Phuc, former director of the Institute of Party History under the Ho Chi Minh National Academy of Politics. Reform is a continuous process Question: After 30 years of Doi Moi, what does Vietnam need to do to move the country forwards on the path of rapid and sustainable development? VU KHOAN: Some people say that it is time for a second round of reform. But I think reform is a continuous process - what was appropriate yesterday may not be relevant today. This is even truer with domestic and global contexts changing rapidly. The Doi Moi reform launched during the 1980s began with a breach of regulations in agriculture seen in the secret allocation of land to farmers. That act was later approved by the Central Committee, which helped change the life of farmers and … [Read more...] about What’s next for Vietnam after 30 years of Doi Moi?