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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