BUSINESS IN BRIEF 8/5 Toyota to recall 43,000 cars in Vietnam Toyota Motor Vietnam has announced a recall of Innova, Fortuner, and Hilux cars from May 15 to test and replace the spiral cable system. The Japanese carmaker will recall 40,000 Innovas, 2,531 Fortuners, and 265 Hiluxs. The driver’s airbag module is attached to a spiral cable assembly with electrical connections that could become damaged when the steering wheel is turned, it explained on its website. If this occurs, the air bag warning lamp will illuminate, the driver’s airbag could become deactivated, causing it to not deploy in the event of a crash. Cashew exports to reach $2.2b in 2014 The turnover for the cashew sector is likely to be US$2.2 billion this year from exporting 180,000 tonnes of cashew nuts, shipments of nut shell oil and other processed products. The Viet Nam Cashew Association (Vinacas) forecast was included in a report from the Ministry of Agriculture and Rural Development, which showed that cashew nut exports had reached an estimated 20,000 tonnes in April, earning the country $132 million. The latest figure brought the total cashew nut export volume up 15 per cent to 73,000 tonnes in the first four months, with sales of $456 million, up 16 per cent in value, over the same period last year. According to the report, the export price of cashew nuts stood at $6,182 per tonne during the period, 1.8 per cent higher than last year's corresponding period. The Vinacas recently unveiled a For the programme, which will be implemented from this year through 2020, the association will co-operate with the HCM City Nutrition Centre to research and assess the nutritional benefits of cashew. It will collaborate with the Global Cashew Council and its nutritional research programme to promote the nutritional aspects of Vietnamese cashew globally. The VND20 billion ($947,000) programme will build national cashew brands; register a trademark to protect Vietnamese cashew products in key markets such as the Banks cut deposit interest rates as credit growth lags Banks have continued to slash deposit interest rates amidst good liquidity and slow credit growth. According to the latest mobilising rates at ACB, one- to two-month deposit rates have dropped to only 5.5 per cent yearly, down to 0.4 per cent compared to the previous rate. The three-month rate fell to 5.6 per cent yearly compared to 6 per cent earlier. The interest rates of long-term deposits also fell sharply. The six-month rate fell from 6.55 per cent yearly to 6.1 per cent; the nine-month rate fell from 6.6 per cent yearly to 6.3 per cent; and the 12-month rate fell from 7.7 per cent to 6.9 per cent. Sacombank also cut deposit interest rates slightly. The seven- to eight-month rates fell from 6.55 per cent yearly to 6.4 per cent; the nine-month rate fell from 6.7 per cent yearly to 6.5 per cent; and the 11-month rate fell from 6.8 per cent yearly to 6.7 per cent. According to the banks, as the competition for lending among banks is now fierce, a further reduction in deposit interest rates is intended to cut costs for more attractive lending rates. Data from the central bank revealed that deposits rose 3.09 per cent by April 20, while credit growth was only 0.62 per cent, much lower than 2.11 per cent of the same period last year. In the interbank market, interest rates have also continued to slide for short-term deposits. The overnight rate yesterday stood at 1.65 per cent yearly, down to 0.15 percentage points against last week. One-week term rate also declined 0.15 percentage points to 1.9 per cent yearly. The declining rate for two-week terms was 0.3 percentage points. Industry insiders forecast that interest rates will continually reduce soon as there are no optimistic signs for the abundant deposits at banks. Heightened costs cut into Vinamilk profits First-quarter net profit for dairy giant Vinamilk (VNM) came in 9.4 per cent lower than the same period last year, at more than VND1.387 trillion (US$65.7 million). In a recent submission to the HCM City Stock Exchange, Vinamilk attributed the fall to rising the cost of promotion and advertising campaigns, and a jump in raw material costs. Total expenses climbed 44.3 per cent over the previous period, reaching more than VND821 billion ($39 million), of which money paid for advertising campaigns accounted for nearly VND286.5 billion ($13.6 million). Wage costs also soared 258 per cent to VND113.3 billion ($5.4 million) from nearly VND44 billion ($2.1 million) recorded previously. Meanwhile, raw material costs increased 8 per cent to VND14.3 billion ($677,700). Net revenue amounted to VND7.678 trillion ($363.9 million), up 15 per cent over the same period last year. However, the rising cost drove the price to sales ratio up 3 per cent to 66.6 per cent. The results equated to an earnings per share of VND1,665 per share in the first quarter. Between January-March, Vinamilk paid VND1.6 trillion ($75.8 million) for lending and acquiring debt instruments from other companies. The company's short-term deposits grew from VND3.6 trillion ($170.6 million) to VND5.2 trillion ($246.4 million). Seafood exports to the The export turnover in this market in 2013 reached US$1.52 billion, up 27.4 per cent over 2012. In January 2014, exports achieved $155.63 million, an increase of 87.8 per cent over the same period last year. The In the first quarter of 2014, the main export seafood to the Maybank Kim Eng doubles its charter capital Maybank Kim Eng Securities Limited Company announced yesterday that it had doubled its charter capital from VND300 billion (US$14.2 million) to VND615 billion ($29.14 million). This is the second time that the company has raised its charter capital since it began operations in In addition to becoming in January the first securities firm in New circular seeks to prevent car trade fraud Minister of Public Security Tran Dai Quang signed a new circular to tighten regulations on vehicle registration, with stricter rules for the transfer of Vietnamese overseas vehicles. According to Circular No 15, effective June 1, any overseas Vietnamese' (Viet kieu) vehicle returning to the Viet Nam port from April 1, 2014, can only be transferred to another owner if it is registered with fully paid tax and the fee imposed on the Viet kieu under the current regulations. Earlier this year, the Ministry of Finance (MoF) regulated that Viet kieu can have their cars imported as their assets without paying import duty but with only special consumption and value-added taxes and a vehicle registration fee. This way, the MoF allowed each Viet kieu to have one car and one motorcycle in However, local authorities discovered that trade fraud of expensive cars have been committed by borrowing Viet kieu names and posing as owners of luxury vehicles from abroad to skirt legal loopholes, reported the local media. The General Department of Viet Nam Customs also saw a sudden, sharp increase in the number of luxury cars imported to Dien dan doanh nghiep newspaper said that the sudden increase came after The newspaper also said by the end of this February, there were more than 100 luxury cars registered as Viet kieu assets seized at the locals ports. Since early this year, HCM City Customs Office has re-exported 75 Viet kieu's cars due to administrative violations. Banks target growth in consumer lending Banks plan to explore mergers or acquisition of financial institutions, as well as the establishment of new financial companies, to ensure a healthier bottom line by offering more consumer loans. At recent shareholders meetings, at least three banks, Saigon–Ha Noi Commercial Joint Stock Bank (SHB), Maritime Bank and Vietcombank, have asked shareholders to support plans to acquire or set up financial companies. At its shareholders meeting last month, SHB's board of directors sought approval to merge with and restructure a financial company that would become the bank's affiliate and provide consumer loans. Bank directors said such a move would add value to SHB's operations. The Maritime Bank has also asked its shareholders to authorise the establishment or acquisition of a financial company that would specialise in developing consumer loans. Similarly, Vietcombank has asked its shareholders to approve a plan to set up a consumer credit company. Nghiem Xuan Thanh, general director of Vietcombank, said the retail banking market had much room to grow, but wholesale banking was not expected to develop as once predicted. As most consumer loans are a small amount, they help banks disperse risks, he said. Late last year, HDBank acquired Societe Generale Viet Finance (SGVF) and renamed it HDFinance. Nguyen Huu Dang, general director of HDBank, said before purchasing the financial company, consumer lending had not been effective for the bank because of high costs. Consumer loans are generally small, but they must also comply with the strict loan approval process at the bank. After HDBank acquires a financial company, small loans below VND30 million (US$1,420) are then transferred to HDFinance. HDFinance, which has modern management technology, can approve the loan in 30 minutes to an hour, which is much faster than the time needed for bank approval. Banks prefer to restructure existing financial companies instead of establishing new ones as these companies have market experience, and, thus, risks are lower, Dang said. According to economist Nguyen Tri Hieu, capital mobilisation at banks has been good, but they have faced difficulties in lending. As a result, they need to focus more on personal loans, either through acquisition or establishment of financial companies or consumer credit companies. Because financial companies are not required to comply with strict regulations, they can do business more easily than banks, which find it hard to thrive in the consumer loan market. In addition, the income of Vietnamese loan applicants is sometimes hard to prove, as required by bank rules. The banks' establishment of finance companies can help bring greater profits because of the higher interest rates on consumer loans, he said. Although they pay a higher interest rate, borrowers of these loans do not have to deal with complicated procedures or provide collateral. Firms plan to issue convertible bonds Many companies have proposed raising capital through private placement and issuance of convertible bonds, aiming to attract strategic investors. Both real estate developer Sacomreal (SCR) and FECON Foundation Engineering & Underground Construction (FCN) plan to issue convertible bonds worth VND500 billion (US$23.7 million) with a term of three years. SCR will offer bonds with annual interest rates below 12 per cent to its strategic investors. The conversion rate is 1:100, which means one bond can be converted into 100 shares and bondholders can make conversions three times –30 per cent of the bonds in the first year, another 30 per cent in the second year and 40 per cent in the last year. FCN's bonds have the par value of VND1 million each and pay an interest rate of 6 per cent per year. Bonds can also be converted three times, with the first time 15 months from the date of issuance and the maximum rate 50 per cent of the bonds. The conversion price will not be lower than VND19,500 a share. VNDirect Securities Co also plans to issue VND500 billion ($23.8 million) worth of convertible bonds to its strategic partners and existing shareholders. The 12-month bonds will pay an interest rate of 5 per cent per year. The capital raised from the issuance will fund the company's future M&A projects. Meanwhile, shareholders of FIT Investment Co (FIT) approved the company's proposal of issuing convertible bonds worth VND300 billion ($14.28 million) next year. The one-year bonds will pay an interest rate of just 3 per cent per year and be converted at the rate of 1:10. Nam Bay Bay Investment Corp (NBB) is the only company that will offer convertible bonds in US dollars with a total value of VND210 billion or $10 million. The interest rate will be 5-7.5 per cent per year, but when issuing bonds in Vietnamese dong, the interest rate will be below 10 per cent. Number of new firms up by more than 8% Up to 25,729 enterprises were established in the first four months of 2014, with a total registered capital of VND143 trillion (US$6.8 billion), the Government news portal (VGP) reported. The number of newly established enterprises saw a year-on-year increase of 8.1 per cent, while the registered capital surged by 16.2 per cent against the same period last year, stated VGP, citing figures released by the Business Registration Department under the Ministry of Planning and Investment. According to the Department, 21,489 enterprises were dissolved or temporarily suspended operation without registration in the reviewed period. Meanwhile, 5,863 enterprises resumed operation in the January-June period. Most of these enterprises are located in Exports to RoK hit US$1.5 billion However, its export value to the market grew by 32.9% in March to US$563.93 million, according to statistics from Vietnam Customs. Garments topped the list of the export items, earning US$440.36 million (up 34.2%), followed by seafood with US$126.39 million (up 53.3%) and telephone handsets and components worth US$103.35 million (up 645.6%). The RoK is the fourth largest importer of Vietnamese seafood products, after the Some products experiencing high growth in the first quarter, included footwear (35.7%), wood and timber products (39%), machinery, equipment, tools (31%) and bags, suitcases, wallets, hats and umbrellas (35%). Strict regulations on plant and animal quarantine create a big barrier to Vietnamese agro-forestry and seafood products. To ensure sustainable exports to the market, domestic businesses and farmers are advised to coordinate closely with each other to establish standardised production processes to maintain quality in line with Korean regulations. Two-way trade turnover between Vietnam and the RoK rose 29.4% in 2013 to US$27.33 billion, of which Vietnam’s exports were US$6.63 billion (up 18.8%) and imports were US$20.7 billion (up 33.2%). The decision was reached in The Vietnamese delegation learnt about the host country’s experience in television digitalisation, audiovisual broadcasting and its future orientations. Unger promised to consider backing Informing Unger of Vietnam’s existing telecom market, Son said the sector recorded over 1.26 million mobile phone and 31 million internet subscribers as of the late 2013, earning 9.9 billion USD in revenue. The country is looking to adopt 3G and 4G bandwidth technology next year and offer digital television services to all households by 2020, he said. Lobster farmers need breeding plan The lack of a sustainable source of breeding stock and poor raising techniques are threatening the young Department of Fisheries experts have even warned that lack of proper planning may hinder the development of a rich and promising industry. Reports from the department show that since 2000, between 8,000 to 10,000 lobster farms have been established by farming households nationwide. Most are in the central region, from The department estimates that the total output of lobster a year in At present, fishermen harvest young lobsters between 4-6cm from the sea using purse seines, traps and divers. However, they do not sell them directly to farmers, but through go-betweens, according to Nguyen Tri Phuong, deputy director of Phu Yen's Department of Agriculture and Rural Development. "Diseases on the breed may develop in the period between harvesting and their release into cages," he said. This may include so-called "milky" disease, which is assumed to be the result of poor quality handling and rearing techniques. The disease is likely to be induced by stress during handling and poor water quality during transport from the sea to farms. Lobster farmer Nguyen Van Nam from Khanh Hoa Province's Van Phong Bay, said that at present, it was extremely difficult to breed lobsters artificially, so all stock came from the sea. "As a result, the quality breeding stock varies from year to year, making the prices unstable," he said. This year, for example, prices have jumped sharply because of a shortage of supplies. "At the beginning of the year, a kilogramme of lobster could be sold wholesale for nearly VND2.5 million ($119), then it gradually went down to VND2.3 million, VND1.8 million and now is at VND1.6 million ($76)," he said. Meanwhile, Nguyen Thanh Tung, the director of the Institute for Aquaculture Economy and Planning, said that the area available for lobster farming area was continually dwindling as tourism and other types of development flourished. "At the moment, not many special areas have been set for lobster farming, so that many cages are placed inside areas technically set aside for tourism and industry," Tung said. Deputy Minister of Agriculture and Rural Development Vu Van Tam said that it was necessary to create a value-added chain between lobster farmers and processors similar to that set up in the region to develop the tuna industry. Tam also called for a master plan for lobster farming. "Once there is a plan, localities will have the basis to set aside certain sea areas to raise lobsters," he said. Tam also asked research institutes to undertake research on breeding lobsters from eggs. "In the meantime, we need to find ways to reduce losses during breeding and producing better types of feed for the young lobsters," Tam said. Legal evidence lacking before gold shop search decision The The Binh Thanh District police, at a meeting with the owner of the gold shop Nguyen Thi Thanh Mai on the same day stated that they had committed mistakes by searching Mai's shop and seizing more than US$14,000. They had also sealed off 559 taels of gold that were on display in the shop. According to Le Anh Tuan, the head of the HCM City Police's Office, the search warrant lacked legal ground. At the meeting, the police returned all the aforementioned seized assets to Mai and requested her lawyer to sign on a commitment document for not appealing in future regarding the case. Previously, on April 24, the police in Binh Thanh District stormed into the shop on The police then spent hours thoroughly combing the shop and seized more than US$14,000 in cash and equipment, including a security camera and a CPU, and sealing off 559 taels of gold on display. Later, the police removed the evidentiary seals after Mai produced the relevant papers proving that she inherited the gold from her parents, but continued to hold on to the seized cash worth US$14,000 until April 29. What raised public eyebrows is that the search warrant for the shop was signed by the chairwoman of Binh Thanh District People's Committee on April 23, a day before the currency exchange incident actually took place at the shop. Nguyen Thi Thanh Mai, the owner of the shop remarked that she will close her shop between May 11 and December 31, as she was in a state of panic. Tuyen Quang gets tough on mining firms The Natural Resources and Environment Department of northern The move was taken in an attempt to bring the situation of illegal mining in the locality under control, the department said. The department's inspectors seized six dredgers and three excavators, which were illegally operating in Son Duong District's Vinh Loi Commune and Further, it was estimated that over 17.4 tonnes of lead and 34.5 tonnes of barite were seized at illegal mining sites in The local authority required mining companies to commit to obey regulations on mining, protect the environment and not negatively impact local people's lives. In a related move, education to raise public awareness about the importance of land, mineral resources and the environment have been strengthened. Findings from the department showed that the province now has about 200 mines, which contain large deposits of metals and minerals. Railway station runs up huge losses Dong Dang Railway Station in northern All storage buildings are derelict and are often full of mud and stagnant water. A 100-metre long road that connects the station warehouse and The station's management board has repaired the road several times, but the situation quickly deteriorates. Nguyen Van Dat, from Lang Son Agricultural Materials Company, said his company preferred rail transport instead of road freight because it was much cheaper. However, the process of loading and unloading cargo at Dong Dang station was slow. Hoang Van Soi, representative of the Lang Son Railway Transport Service Company said that many businesses switched back to rail transport as road transport costs had grown three times in recent years. But they usually had to be very patient about the time it took. Figures from the station's management board show that the station can only meet 70 per cent of the demand for cargo transport. Last year, total turnover at the station was estimated to be only VND31 billion (US$1.4 million). On average, the station now reports an annual loss of VND9 billion ($428,500) due to its inefficiency in transferring cargo. Vu Kim Ngan, head of the station's management board, said she had to refuse many contracts as the station could barely meet present demand. The problem was made worse by failure to upgrade the station and provide proper maintenance after nearly 20 years of use, she added. Recently, road transport cost rose two or three fold after the Ministry of Transport began tightening its inspection of cargo trucks on the nation's highways. Many enterprises would prefer to switch to rail and even water transport, however, they offer little viable competition to land transport. People and organisations who join in preserving and developing handicraft villages in HCM City can have access to preferential loans. This is part of the 3-year plan over the preservation and development of handicraft villages that the municipal People's Committee approved last year. The plan attached the importance of the preservation of the handicraft villages with the development of new rural areas in these villages so that they can develop in a more sustainable manner. Building infrastructure, improving production capacity, protecting the environment and promoting local traditions and cultural identities are among 18 criteria for building the new rural areas—a programme launched by the Government in 2010. According to the city's Agriculture and Rural Development, in 1999, the city had about 65 traditional handicraft villages, but now, there are about only 20 left. Vice chairwoman of Thai My Commune People's Committee Pham Thi Hieu stated that the commune was famous for rattan village for almost a hundred years. Now, it was struggling to survive because of reduced demand, higher production cost and low income, she noted. She pointed out that previously, more than 1,000 local households made rattan products, but now, the number had reduced to about 300. Local people gave up this profession because their daily income was only VND20,000–30,000 per person, not enough for them to afford a daily life, she said. Vice director of the department Le Hong Hoanh said that a number of the handicraft villages disappeared as a result of urbanisation and tougher competition. "But it cannot deny that the existing handicraft villages help change the economic structure in rural areas towards modernisation and industrialization," she added. Some examples were crocodile farming in Chairman of Phu Hoa Dong Commune People's Committee Nguyen Thanh Son pointed out that cake making workshops in the commune offered jobs for over 1,200 people. Each day, the commune produced about 38 tonnes of girdle cakes, 80 per cent of which were for export, he noted. "The traditional work helps improve income for local people and reduce poverty," he said, adding that resources mobilised to build new rural areas could help vital handicraft villages and strengthen their development. Under RoK helps The Government of the Representatives from Can Tho city on May 6 had a working session with the Korea Agricultural Machinery Industry Cooperative (Kamico) to discuss the implementation of the project. Accordingly, 60% of the amount will be used to purchase the latest machines from the RoK for agricultural production. The remainder will be allocated for human resources training and technology transfer. Kamico will also invest up to VND1.4 trillion (US$65.8 million) in building infrastructure to facilitate the implementation of the project. Truong Hoai An integrity alliance has been established in The Vietnam Integrity Alliance (VIA) was introduced at a gathering in Hanoi on May 7, attracting the participation of nearly 100 representatives of business circles, chambers of commerce of Europe (Eurocham), Canadia (CanCham), Australia (AusCham), the British Business Group Vietnam (BBGV) and multinational companies. EuroCham Vice President Michael Behrens emphasised that Eurocham spoke highly of EuroCham is willing to join the alliance to share European integrity initiatives with Vietnamese businesses, he said. VIA is a place for the business community, organisations and experts to provide mutual support to promote integrity criteria in all fields and gather anti-corruption initiatives. The alliance will advocate and advance principles of integrity, transparency, accountability and good governance in It will also support the business community and encourage organisations, the private sector and domestic and foreign partners to get involved in anti-corruption initiatives. The first meeting of leaders is scheduled to take place in late June. Making use of ASEAN market to boost trade To fully tap this market in the lead up to the establishment of the ASEAN Economic Community (AEC) in 2015, a seminar was held in The Ministry of Industry and Trade (MoIT) reported that Export structure has shifted positively towards reducing raw products and minerals and increasing processed food and industrial products. Worthy of note is that national trade has gradually been balanced over the past two years. Yet, Tran Thanh Hai, Vice Director of the Import-Export Department under MoIT, said Although Trade value between ASEAN is the third largest consumer of Vietnamese goods, after the Huynh Van Minh, President of the HCMC Union of Business Association, said to realize the goal of an ASEAN Economic Community (AEC) in 2015, member countries should adjust rules of origin in line with international standard to enjoy tariff incentives. In the face of globalization, businesses have no choice but to raise competitiveness, address global challenges such as trade and investment liberalisation, tariff cuts and exemptions, streamline procedures, and form common regulations for goods. Vietnamese businesses are advised to deeply penetrate the ASEAN market in 2014-2015, take advantage of tariff incentives in bilateral trade with When AEC is formed in 2015, most imported products within ASEAN will enjoy tariff incentives, posing a number of challenges for Vietnamese businesses. Vo Tri Thanh, Vice Director of the Central Institute of Economic Management (CIEM), suggested domestic businesses should be equipped with effective risk management tools, knowledge of technical barriers and macro-economic stability and policy adjustment. They should be provided with up-to-date information and take part in the global supply chain and new, potential areas such as infrastructure development and green growth, Thanh concluded. Quasa-Geruco begins rubber latex exploitation in Laos By the end of 2013 the Vietnamese company had invested US$33 million in rubber plantations in The company has so far invested VND2.3 billion in building roads, water and power supply systems, schools, and other social welfare programmes in the Lao province. Addressing the ceremony, Lao Deputy Prime Minister Somsavad Lengsavath appreciated Quasa-Geruco’s support over the past seven years, stressing that its investment has given the war-torn province a facelift. He noted that Quasa-Geruco-invested projects have helped employ thousands of local people, reduce deforestation, and contribute to environmental protection, and sustainable economic development. The Deputy PM confirmed that the Lao government will create favourable conditions for the Vietnamese company to improve investment efficiency in the country. DTA helps boost Vietnam-New Two-way trade between The agreement, signed after talks between NZ Governor-General Jerry Mateparae and Vietnamese President Truong Tan Sang on August 5, 2013, helps reduce costs and taxes on dividends, interest and franchise fees, said McClay. The NZ government always gives priority to maintaining and expanding DTAs, according to the minister. Market share for Vietnamese goods set to increase The Prime Minister has approved a project to develop the local market in coordination with the slogan “Vietnamese people priotizing using Vietnamese goods”. Under the project, market shares for Vietnamese goods at distribution channels will be increased to over 80% by 2020. Accordingly, 90% of Vietnamese consumers and local businesses will be made fully aware of the campaign by 2015 while 70% of the people will be able to know about market development group called “Pride of Vietnamese goods)by 2020. All provinces and cities will build media channels to popularize the campaign. To fulfil the goals, solutions have been devised to develop a distribution network of Vietnamese goods and build a channel to connect producers, businesses, distributors and agents in the country to expand the coverage of Vietnamese goods nationwide. Total cost for the project is estimated at over VND229 billion. Vietnam attends Seafood Expo Global in Brussels Twenty-three member businesses of the Vietnam Association of Seafood Exporters and Producers (VASEP) are attending the 22nd edition of Seafood Expo Global, which opened in The exposition, ongoing from May 6-8, is attracting over 25,600 visitors and nearly 1,700 businesses from 76 nations and territories around the globe, displaying their wares of frozen and fresh seafood products, the latest in packaging equipment along with countless displays of advanced technology in preservation and transportation equipment and other ancillary services. Three Vietnamese leading seafood businesses (Vinh Hoang, Hung Vuong and Nam Viet) are introducing several highly improved quality tra and basa fish products, produced with technologically advanced production methods to visitors at the event. Vietnamese ambassador to The exposition provides an opportune occasion for producers to introduce their products, seek cooperative opportunities, and expand export markets. In addition, it helps seafood exporters and importers meet potential trade partners, assess market trends and get updated on developments and new aquatic products hitting the marketplace. The same day, VASEP and the Vietnam General Department of Fisheries co-organised a seminar discussing sustainable development of Vietnamese catfish farming. At present, catfish farming in In the past two years, Nguyen Huu Dung, VASEP Vice Chairman said that, the EU is one of Catfish are also favourite products of European consumers, he said. To increase added value of exports to the EU, Vietnamese businesses should improve product quality and should pay attention to developing trademarks, he concluded. With support from the EU, Vietnamese experts briefed US business representatives about trade and investment opportunities in However, Vice President of the National Fisheries Institute (NFI), Robert DeHann said that the supervision program aims to create trade barriers to protect several small seafood enterprises. Robert Dehann expressed concern that if the program is carried out in the next years, it will create an immediate ban on some imported aquatic products from certain nations, including He asked the US Government to abandon the program, adding that Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR |
↧
Article 1
↧