Vietnam may lose Buon Ma Thuot coffee brand

The problem lies in the fact that a Chinese company has registered the trademark “Buon Ma Thuot” as the exclusive trademark in China. Experts have warned that the Chinese company may take a further step by registering the Buon Ma Thuot trademark all over the world. Vietnam urged to take legal proceedings on Buon Ma Thuot

Rise in bad bank debt exposes economy

In a workshop with the World Bank in June, the council’s vice chairman, Le Xuan Nghia, said that bad debts were a major concern because a large part of banks’ capital had been lent to inefficient State-run enterprises.

Economic crisis hits leather, shoe exports

The industry currently faces many challenges, ranging from macroeconomic policies and trade barriers to the world market, in hitting its export targets while continuing to develop. Nguyen Thi Tong, general secretary of the Viet Nam Leather and Footwear Association, spoke about these issues.

Vietnam’s agricultural exports falter despite high prices

Vietnam, the world’s second-largest exporter after Brazil, shipped 40,000 tons in August, down 24.5 percent from the previous month. Coffee exports in the first eight months of the year were estimated by the General Statistics Office at 958,000 tons, 11 percent higher than a year earlier.

Electricity price should have been raised by 50pct instead of current 15pct

The fluctuation of the world prices has put much pressure in the price management methods for basic commodities.

Vietnam CPI Forecast at 08-0.9% in May

The Market Control Department forecast May CPI will rise by between 1.8-2% due to the coming long holiday and higher world prices of commodities. Last month, this department also predicted April CPI would rise by between 1.6-1.8%.

Vietnam tourism receipt poised to grow at a CAGR of 13pct

At present, Vietnam has become a more attractive destination for medical and cosmetic surgeries, by offering cheaper service prices than other countries. This has resulted in a rise in number of visitors from around the world seeking remedies for a range of medical needs. These include both critical health services as well as cosmetic and remedial care.

Cathay climbs with local aviation scene

It is undeniable that Vietnam is of the fastest and largest growing aviation markets in South East Asia and the world. With good government support, economic and infrastructure development, its aviation has gone a long way to reach today’s standards. The continued growth of the Vietnamese economy, people’s increasing purchasing power and desire to travel are obviously vital elements for Vietnam’s aviation to grow in significance.

Base year for calculating GDP should be changed, expert says

The calculation of GDP on the base year of 1994 affected to the rating of international agencies on Vietnam’s statistic quality. According to World Bank research group, Vietnam now stands at the 7th position among nine southeastern Asia countries subject to the bank’s statistic rating.

Domestic steel prices drop substantially

According to Nguyen Tien Nghi, Deputy Chairman of VSA, the main reason for the fall of domestic steel price is the cancellation of public investments and the halt of unnecessary projects. In addition, steel prices the world over have decreased and many investors have cut investments in construction in response to the Government’s policy to minimise inflation.

Austrian drama touts VN tourism

The Dream Hotel is a popular TV series in Austria and Germany produced by Lisa Film, that tells the story of a group young people that hang out in five-star hotels around the world. Each year, Lisa Film produces two new episodes, set in exotic locations such as The Seychelles, Mauritius, Bali, Mexico, Malaysia, China and South Africa. After eight years, 16 episodes of The Dream Hotel have been broadcast, and last year, viewing figures hit 173 million.

Investors from Japan seek opportunities

JETRO plans to hold a trade fair in Ha Noi from September 15 to 17. “Japanese companies always require high-quality products from partners. If Vietnamese companies meet Japanese standards, they will also meet the strict requirements of other countries in the world.”

Gov’t to keep close eye on price hikes

The domestic petrol price is currently still roughly half that of the world price because the State exempts import duties and provides free interest rates for petrol importers. If the world price continues to surge, domestic petrol traders will be allowed to increase their retail prices, but the period between consecutive price increases must be at least 30 days.

Pepper price reaches record high

The pepper price has increased by nearly VND50,000/kg, or 66 percent, compared with the beginning of the crop (mid-December last year). The price hike is partly due to the undersupply on the world market. At present, the export price of black pepper is US$4,456/ton, a year-on-year increase of over US$1,600, while white pepper has risen stronger (by more than US$3,000/ton) to approximately US$7,000/ton.

VN seeks int’l support for high-tech development

The Deputy PM affirmed that the Vietnamese Government would create favorable conditions for the establishment of advance research environment and research groups on these fields at the Việt Nam National University with the participation of world’s leading experts from American universities.

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