Coffee export volumes increased in the first seven months of this year but the total value declined, the Ministry of Agriculture and Rural Development has said. The country exported 802,000 tonnes of coffee in the period, earning US$1.19 billion, a year-on-year increase of 19.1 per cent in volume but a year-on-year decline of 15.7 per [...]
Despite the petroleum price rise on Sunday, the Viet Nam Automobile Transportation Association (VATA) has not received any proposals on rising transportation costs from transport providers,” said VATA chairman Nguyen Manh Hung. He said transport companies would not increase their service charges in the near future even though domestic petroleum and oil prices had been [...]
The media last week quoted some ministry leaders boasting that Vietnam may export 10 million tons of rice this year, or twice the figure last year and a record high over the past 20 years. Nguyen Tho Tri, vice chairman of the Vietnam Food Association, confirmed that the figure is very illogical. The Daily talked [...]
A new regulation on the petrol price stabilisation fund will allow petrol dealers to raise retail fuel prices at times of high world oil prices if the fund has been depleted. Dealers are required to pay into the fund in times of low prices for imported petroleum products and, in light of controls on retail [...]
Removing legal inconsistencies and creating conditions to widen investment areas are among important measures needed to sustain the inflow of foreign direct investment (FDI), experts said. Other measures include the rapid development of infrastructure and improving the quality of human resources as well as the local investment environment, they told the Thoi Bao Tai Chinh [...]
The Ministry of Finance is considering raising taxes and fees on personal vehicles, which has sparked concerns that automobiles will be less attractive to buyers in 2010. Car prices are now considered relatively attractive thanks to a series of measures undertaken by the Government to stimulate demand in the economic downturn. The value-added tax (VAT) [...]
Importers of frozen meats complain that a new requirement that cargos be held at ports for veterinary inspection will unreasonably drive up their costs. From August 20, importers will have to leave meat imports in storage at ports long enough for veterinary agencies to take samples for food hygiene testing. The decision followed discovery of [...]
The monetary market has seen a prompt reaction since the State Bank of Vietnam decided that commercial banks can only use 30 percent of short-term mobilised capital for medium- and long-term loans. Banks are now rushing to provide short-term deposits to meet the requirement. Under the previously applied regulation, banks could use up to 40 [...]
The continued steel price increases recently have dealt a blow to builders. Meanwhile, steel producers are threatening to raise sale prices further, saying that the current sale prices still do not match the ingot steel price increases in the world. Increasing and increasing all the time In mid July, the Vietnam Steel Corporation (VSC), Pomina, [...]
Agriculture, forestry and fishery Agriculture As of mid 7/2009, the country had cultivated 1039.7 thousand ha of winter-rice, equaling 105.2% compared to same period last year; of which the North had 875,800 ha cultivated, equaling 104.7%; the South 163,900 ha cultivated, equaling 107.7%. Summer-autumn rice cultivated areas over the country were 2,126,700 ha, equaling101.9% of [...]
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