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Baby formula market chaotic, uncontrollable

VietNamNet Bridge – The formula products imported through unofficial channels to Vietnam have been available on the market and favored by customers, even though their quality has not been certified by state management agencies. Since Vietnamese value foreign made formula above domestic products, the imports through unofficial channels have been selling well in Vietnam. In ... Read More »

BUSINESS IN BRIEF 7/3

SBV: It’s not time to import gold The State Bank of Vietnam (SBV) on Thursday rejected the possibility of importing gold, saying that the gold amount in the nation’s foreign reserves is enough for the agency to intervene in the domestic market. Speaking to the Daily on Thursday, a leader of the central bank said that SBV will arrange a ... Read More »

Foreign investors keep pouring money into consumer goods sector

VietNamNet Bridge – Despite the economic recession and the gloomy stock market, the shares of consumer goods enterprises have always been attractive in the eyes of foreign investors. Ming Lu, Asia-Pacific Director of KKR, an US investment fund, said that when seeking the investment opportunities in the region, the fund’s managers paid attention to many markets and many business fields, ... Read More »

SBV to stabilise gold prices

VietNamNet Bridge – Prime Minister Nguyen Tan Dung on March 4, officially allowed the State Bank of Viet Nam to trade gold bars in efforts to stabilise the local gold market and to stock gold bullion for the State foreign exchange reserve. Government Decision 16/2013/QD-TTg, signed on March 4, states that the central bank governor will be in charge of ... Read More »

Mekong Delta rice exports up 18 percent

The provinces in the Mekong Delta exported 670,000 tonnes of rice in the first two months of 2013, generating 304 million USD in revenue – an 18 percent increase in value compared to the same period last year. Asia is the region’s largest market, with 65 percent of consumption, followed by America, Africa, Europe and Oceania . The price of ... Read More »

Vietnam agro-fishery quality in spotlight in Japan

A seminar on monitoring the hygiene of Vietnam ’s agro-fishery exports took place in Tokyo on March 6. The event was jointly organised by the Vietnamese Ministry of Agriculture and Rural Development (MARD), the Vietnamese Embassy in Japan and the ASEAN–Japan Centre. Addressing the event, Vietnamese Ambassador to Japan Doan Xuan Hung said he hopes the two countries’ Governments and ... Read More »

Vietnamese shrimp exporters proved innocent

The US Department of Commerce has acknowledged for the first time that Vietnamese shrimp exporters did not dump their products in the US market, reported the Vietnam Association of Shrimp Export and Processing (VASEP). Under the DOC’s preliminary decision, applicable to the period from February 1, 2011 , to January 31, 2012 , all Vietnamese mandatory and voluntary defendants will ... Read More »

Dong Nai, Japan boost cooperation in support industries

Representatives from the Dong Nai provincial People’s Committee and the Kansai Bureau of Economy, Trade and Industry (KBETI) of Japan gathered on March 6 to discuss ways to further cooperate in the support industries. At the function, the two sides agreed to create favourable conditions for support businesses from the Kansai region to invest in the southern Dong Nai province. ... Read More »

Ukraine backs joint ventures with Vietnam

Ukraine will enhance economic and trade relations with its traditional partners and support Ukrainian–Vietnamese joint-venture enterprises, announced Ukrainian Foreign Minister Leonid Kozhara. At a March 5 meeting of officials from the Ukrainian Ministry of Foreign Affairs and Ministry of Economic Development and Trade in Kiev , Kozhara said through its overseas diplomatic and trade missions, Ukraine will boost economic and ... Read More »

Gold bidding mechanism not a miracle drug

VietNamNet Bridge – Whether the domestic gold price decreases to come closer to the world price depends on the amount of gold the State Bank would put into circulation and the people’s confidence on the bank’s policies. Right after the watchdog agency stated it would organize bullion gold tenders, the gold price has fallen down significantly, thus helping narrow the ... Read More »