Government’s rice purchase for storage doesn’t benefit anyone

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VietnamNet English 24 hour(s) ago 1 related news

Government’s rice purchase for storage doesn’t benefit anyone

VietNamNet Bridge – The government has to spend big money to collect rice from farmers for storage to ensure the reasonably high profits for farmers. However, involved parties all have said the solution has not benefited them.

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Cement supply to fall 12 mil. tons by 2015

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SaigonTimes English 1 day(s) ago 1 related news

HCMC – Local cement supply will plunge to 82.6 million tons annually by 2015, tumbling nearly 12 million tons against the 94.2 million tons targeted in the development zoning plan of the cement industry approved in 2011, said Le Van Toi, head of the Building Material Department under the Ministry of Construction.

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$619.76 bln deep-water port inaugurated in Vung Tau

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Báo Tuổi Trẻ English 3 month(s) ago 2 related news

$619.76 bln deep-water port inaugurated in Vung Tau

The Cai Mep-Thi Vai International Port was inaugurated Monday during a ceremony attended by the Ministry of Transport and the Japan International Cooperation Agency (JICA).

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Vietnam won’t reduce rice export price

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VietnamNet English 3 day(s) ago 1 related news

Vietnam won’t reduce rice export price

VietNamNet Bridge – Rice importers have threatened to stop buying if Vietnam doesn’t reduce the selling price. But if Vietnam does this, its rice production would suffer, while it would fall from the position of the leading rice exporter.

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Vietnam’s biggest temple made of ceramic pieces

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VietnamNet English 4 day(s) ago

Vietnam’s biggest temple made of ceramic pieces

VietNamNet Bridge - Located on Chanh Hung Road, District 8, Ho Chi Minh City, the walls of An Phu temple are decorated with 30 tons of ceramic pieces from outside to inside. The temple also has two candles that are recognized as the biggest and heaviest in Vietnam.

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BUSINESS IN BRIEF 14/5

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VietnamNet English 4 day(s) ago

Local footwear firms urged to develop effective supply

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2 bauxite plants in Lam Dong at risk of loss

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Báo Tuổi Trẻ English 5 day(s) ago 1 related news

2 bauxite plants in Lam Dong at risk of loss

Based on recently released figures, the two bauxite mining plants in the Central Highlands province of Lam Dong are facing a risk of great losses, an official said.

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Solving all financial issues impossible: SBV

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SaigonTimes English 6 day(s) ago 2 related news

HCMC – A State Bank of Vietnam (SBV) leader said on Thursday that it is impossible to stabilize the gold market, avoid impacts on foreign reserves and stabilize the exchange rate at the same time.

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Loans sought for coffee, pepper farmers

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SaigonTimes English 6 day(s) ago

HCMC – Coffee and pepper farmers should be given loans to stockpile their products instead of selling them on the cheap, said the Vietnam Coffee and Cocoa Association (Vicofa) and the Vietnam Pepper Association (VPA).

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Smuggled seafood from China kills domestic market

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SaiGon GP English 6 day(s) ago

Smuggled seafood from China kills domestic market

Do Thanh Lam, deputy head of the Market Management Board under the Ministry of Industry and Trade, said nearly 20 tons of smuggled sea food from China had been seized from April 26 to May 1.

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VN imports 5,100 tons of Chinese gingers

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Báo Tuổi Trẻ English 1 week(s) ago

VN imports 5,100 tons of Chinese gingers

More than 5,100 tons of ginger from China has passed customs clearance to enter Vietnam from early 2012 to the end of February 2013, according to customs department.

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Da Lat produce shortage looms large after hailstorm

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Báo Tuổi Trẻ English 1 week(s) ago

Da Lat produce shortage looms large after hailstorm

Da Lat vegetable supplies for localities across the country may fall short within the next 15 days to a month as a large area of crops have been devastated by the violent hailstorm earlier this week, local officials said.

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Gov’t earmarks over 3,400 tons of rice to support people

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Hanoi Times English 1 week(s) ago

The Hanoitimes - The Prime Minister has asked the Ministry of Finance to take 3,455 tons of rice from the national reserve to assist people in four provinces during the between-crop period in 2013. Accordingly, the rice will be distributed in Dien Bien Province (797 tons), Yen Bai (661 tons), Cao Bang (917 tons) and Quang Tri (1,080 tons).

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Vietnam robusta crop seen at two-year high as drought ends

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Báo Thanh Niên English 1 week(s) ago

The coffee harvest in Vietnam, the largest grower of robusta beans used by Nestle SA in instant drinks, may climb to the highest level in two years as rain this month ended drought in the main producing region. Prices fell.

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Monopoly on gold imports under new decree necessary: cbank

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Báo Đầu Tư English 1 week(s) ago 4 related news

Monopoly on gold imports under new decree necessary: cbank

The State Bank of Vietnam (SBV) has reconfirmed that its recent decree on gold management policies help the local gold market operate in a more sustainable manner than before.

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