Traditional market

The situation, however, has produced both opportunities and challenges for Vietnamese enterprises in building a trademark for local farm produce that is recognized in foreign markets. Cao Thi Kim Lan, director of Binh Dinh Fishery JSC, said that due to the European Commission’s  yellow card on Vietnam’s seafood exports to the European market, 100% of the firm’s exported seafood products were being detained at destination ports for check. The firm has faced multiple difficulties in meeting requirements related to the origins of legal fishing products. Of the 10 fishing boats supplying these materials, the company has only made purchases from three or four boats that have succeeded in meeting the requirements, while the remaining boats failed to sell their products as their owners could not present any fishing diaries or identify their fishing locations. Keeping detailed diaries on fishing practices seems strange to fishermen who are used to traditional fishing … [Read more...] about Foreign markets tighten control on origin traceability

An overview of Panomax River Villa project in HCM City's District 7. In the last quarter of this year, SCR will continue selling apartments in Panomax River Villa project with expected revenue of more than VND1.5 trillion. — Photo panomaxrivervilla.net Thanh Thanh Cong Investment JSC is to buy more than 16 million shares of Sai Gon Thuong Tin Real Estate JSC (SCR), equivalent to 4.7 per cent of the company’s outstanding shares. The transaction is scheduled from December 5 to December 31. Thanh Thanh Cong said the company is expected to spend VND100 billion (US$4.3 million) for the acquisition. On the stock market, SCR shares price has plunged to the bottom of the last three years since 2016. SCR closed Tuesday morning at VND5,710 per share, down 32 per cent compared to the same period last year. Since earlier this year, SCR shares have been traded with stable liquidity with an average of 2.8 million shares matched during each session. The figure for the nearest 10 sessions … [Read more...] about Thanh Thanh Cong Investment to buy 16 million shares of Sai Gon Thuong Tin Real Estate

  An overview of Panomax River Villa project in HCM City's District 7. In the last quarter of this year, SCR will continue selling apartments in Panomax River Villa project with expected revenue of more than VNĐ1.5 trillion. -- Photo panomaxrivervilla.net HÀ NỘI — Thành Thành Công Investment JSC is to buy more than 16 million shares of Sài Gòn Thương Tín Real Estate JSC (SCR), equivalent to 4.7 per cent of the company’s outstanding shares. The transaction is scheduled from December 5 to December 31. Thành Thành Công said the company is expected to spend VNĐ100 billion (US$4.3 million) for the acquisition. On the stock market, SCR shares price has plunged to the bottom of the last three years since 2016. SCR closed Tuesday morning at VNĐ5,710 per share, down 32 per cent compared to the same period last year. Since earlier this year, SCR shares have been … [Read more...] about Thành Thành Công Investment to buy 16 million shares of Sài Gòn Thương Tín Real Estate

A booth displays Kiên Giang’s agricultural products on the sidelines of the Kiên Giang Investment Forum held in HCM City on August 13. — VNS Photo Xuân HươngViet Nam News HCM CITY —  The Cửu Long (Mekong) Delta province of Kiên Giang solicited investment in 64 projects at an investment forum held in HCM City on August 13. The projects are mainly in clean and high-tech agriculture, offshore aquaculture, shrimp farming in greenhouses, fishing and preservation of catches, farm produce processing, water supply and waste treatment, renewable energy, and tourism, Lê Thị Minh Phụng, deputy chairwoman of the provincial People’s Committee, said. Building infrastructure in industrial parks and clusters, sea and river ports, urban transportation, workers’ housing, construction of a 500-bed hospital together with a resort in Phú Quốc are some of the others, she said. The province has diverse … [Read more...] about Kiên Giang province seeks investors for 64 projects

Hosted by the city Department of Industry and Trade, the workshop was also attended by Chairman of the city People’s Committee Nguyen Thanh Phong and Deputy Minister of Industry and Trade Do Thang Hai. Speaking at the event, head of HCMC Institute for Development Studies Tran Hoang Ngan emphasized that major economic sectors which the city gives development priority to have no longer fitted the trend of Industry 4.0. If the city wants to maintain the growth momentum at over 7 percent in coming years, it needs to adjust priority industries as well as develop new industries to suit the trend. Specifically, pharmaceutical chemistry and plastics-rubber are sensitive to the environment and labor intensive, requiring large scale factories but not creating high added value. At present, the narrowing land fund in the city is rocketing rent. Hence, these two industries will suffer heavily competitive pressure. Other industries including garment and textile, leather and footwear, … [Read more...] about HCMC needs to adjust major industries: experts