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Update news MoIT
VietNamNet Bridge - Ministries have had to hold meetings to discuss ways to rescue local farm produce as competition from imports continues to cut into sales.
VietNamNet Bridge - A ‘second export wave’ has been mentioned by Vietnamese experts as a response to technical barriers from importing countries.
Deputy Prime Minister Vuong Dinh Hue has approved a list of 406 State-owned enterprises (SOEs) marked for divestment from now until 2020.
Vietnam exports to the UK hit US$2.8 billion in the first seven months of this year, up 1.61% against the same period last year, according to the General Department of Vietnam Customs.
The APEC Sub-Committee on Standards and Conformance convened its tenth Conference on Good Regulatory Practices (GRP) in Ho Chi Minh City on August 19-20.
VietNamNet Bridge - Amid an average 14.4 percent growth rate of listed companies, many enterprises have reported unsatisfactory business results, including strong brands with a long business history.
MPI has suggested stopping mining operations at Thach Khe, the biggest iron ore operation in SE Asia, but the Ministry of Industry and Trade (MOIT), Vinacomin and Thach Khe Iron JSC (TIC) have disagreed about the plan.
VietNamNet Bridge – The Vietnam Pepper Association (VPA) has warned that Chinese businesses have made moves to corner the domestic pepper market.
VietNamNet Bridge - Analysts believe that now is the the right time for the state to divest Sabeco shares because the shares are going for a good price.
VietNamNet Bridge - With the increasing popularity of e-wallets, more foreign money is being poured into the business field.
VietNamNet Bridge - Economists have said that the increased trade deficit with South Korea is not expected to lead to changes in Vietnam’s economic structure.
If 300-400 more small- and medium-sized hydropower plants are built, the total capacity would be 3,000-4,000 MW, or 15 billion kwh of electricity, according to the VN Environment Administration.
VietNamNet Bridge – The Ministry of Industry and Trade (MOIT) reports that Vietnamese goods account for 70-80 percent of the goods displayed at supermarkets, but analysts doubt the figure.
VietNamNet Bridge - Electricity of Vietnam (EVN), the biggest power generator, says it does not want to buy coal from Vinacomin, the country's largest coal miner, for its power plants.
VietNamNet Bridge - Vietnam’s biggest trade deficit is now with South Korea, followed by China.
VietNamNet Bridge - Viettel, the telecom group, and Tan Can Sai Gon (SNP), a port developer, are the two names topping the list of military companies sought by investors.
VietNamNet Bridge - While Vietnamese garment companies think the domestic market is too small, foreign investors consider Vietnam the "new land" to exploit, with the garment market worth $4.5 billion.
The food court model, popular in Singapore, Hong Kong and Thailand, is thriving in Vietnam. While many food service chains huddle together in central business districts and pay high retail rent, some new food service models are moving to the suburbs.
VietNamNet Bridge - Inspection tours by the General Directorate of Environment at 19 thermal power plants have found that regulations on environmental protection have been violated at many plants.
VietNamNet Bridge - Improving the quality of exports is the top requirement that Vietnamese manufacturers must meet in order to have their goods accepted by foreign supermarket chains.