BUSINESS IN BRIEF 27/7 Samsung exports three times higher than city’s IPs, EPZs Exports from the Samsung phone factory in Bac Ninh in the first six months totaled some US$11 billion, three times higher than the combined value of all firms active in the HCMC-based industrial parks (IPs), export-processing zones (EPZs) and Saigon Hi-Tech Park. Samsung Electronics Vietnam (SEV) found its exports in the first half of 2013 almost hitting the level of US$12.6 billion recorded in the whole of 2012, said the Bac Ninh Industrial Zones Authority. Meanwhile, enterprises in Saigon Hi-Tech Park exported some US$1.26 billion worth of products in the first six months, up 70.2% year-on-year. Those operating in the city-based IPs and EPZs exported a total value of US$2.2 billion, an increase of 14% over the same period last year. In comparison with businesses in IPs and EPZs in HCMC with an average 10-12 years of operations, SEV is quite young with only a three-year history. However, the cell phone maker has outdone the entire textile-garment industry of SEV has played an important role in making mobile phones and components the group of export items generating the largest turnover for The export turnover of mobile phones and components grew 198.4% in 2011 and 98.8% in 2012, or over 5.5 times higher than the figure in 2010. In the first half of 2013, this group of items recorded an export growth rate of a staggering 97%. Not only greatly contributing to In the first six months, 30 nations and territories imported cell phones and components from The Bac Ninh facility of SEV has created jobs for around 40,000 workers. While delivering a strong export performance, this production facility has also imported a significant volume. In the first half of the year, it imported over US$9.3 billion worth of goods. Meanwhile, enterprises active in the HCMC-based IPs and EPZs imported US$1.8 billion and those in Saigon Hi-Tech Park imported about US$1.06 billion worth of goods. It is explained that manufacturers are forced to import parts and components for assembly given the underdeveloped supporting industries in If such a value was higher, To improve the added value, Policy incentive boost for high tech projects Policy incentives and further investment to bolster support industry development would help Latest statistics show that in the first six months of the year, Samsung Electronics Vietnam (SEV), a subsidiary of the South Korean global giant Samsung, earned $11 billion from exporting handsets and vacuum cleaners against its 2012 full-year export figure of $12.6 billion. During the same period, the US-owned Intel shipped abroad $956 million, while the Tien Son facility and the Que Vo facility of According to Professor Nguyen Mai, deputy chairman of the State Commission for Cooperation and Investment, now the Ministry of Planning and Investment, these figures have contributed to However, large foreign investors are also major importers. In the first six months of the year, SEV imported $9.3 billion. Intel also racked up $855 million in imports, while Canon’s facilities in Tien Son and Que Vo imported $104 million and $203.4 million in value respectively. However, in terms of added-value brought to SEV added value to Mai, however, claimed these added value figures were below expectations. For instance, in the case of SEV it only accounted for around 10 per cent of the company’s total export value last year and about 15.5 per cent of its total export value in the first six months of this year. “ SEV general director Shim Won Hwan said SEV wanted to hike the rate of localisation and added value but “SEV has around 60 suppliers but there are only five Vietnamese suppliers which do not give us electronic devices but are more likely to provide less valuable inputs such as packaging or foam boxes,” Shim said. In Canon’s case, its localisation is mainly in the mechanical engineering segment, which has caused problems, as it is extremely hard to source Vietnamese electronic component suppliers. In a recent forum, Canon Piaggio Piaggio This system is designed by Piaggio Global’s R&D Centre, applied its global test track technology. The system also imitates all kind of typical Asian road conditions which focus on endurance test, durability test, and function test. Piaggio The Piaggio Vietnam’s industrial complex in Vinh Phuc also houses an R&D centre for the two-wheeler vehicles – the first R&D unit set up by the Piaggio Group in According to the company, in May Piaggio In addition to winning a leading role in the premium sector of the Vietnamese market, Piaggio Vietnam has enabled the group to move into very important new markets in South East Asia, notably Indonesia, Thailand, Taiwan and Malaysia, the Philippines and Cambodia. Microsoft Lync 2013 supports VNG’s business success Deploying optimal IT infrastructure from Microsoft, VNG Corporation, the leader in the field of digital content in In order to improve operational efficiency and bring better services to the community, VNG uses both Microsoft technologies and open source, with over 60 per cent using open source technologies. The biggest challenge of VNG is the integration of systems on many different IT infrastructures for the unity and convenience of the users. Currently, Microsoft Lync 2013 is identified as a relatively appropriate solution for integration requirements, so VNG decided to use Microsoft Lync 2013. The Microsoft Lync 2013 platform can integrate the entire systems of communication into a unified system, bringing flexibility to the users. “Thanks to the deployment of technology platforms and solutions of Microsoft Lync, VNG has been able to maintain business operations with high productivity while ensuring the safety and security of information. This would be useful for VNG customers who wish to seek accurate information and services from VNG in the shortest possible time," said Nguyen Thanh Phong, director of IT Department at VNG. Advanced platform technologies and efficiency-increasing features from Microsoft will support VNG’s management board to operate their work more smoothly, with stability requirements and high efficiency. On the users’ side, Microsoft Lync 2013 will help increase the flexibility in any situation, at anytime, anywhere and in any space. With these effective tools, Microsoft solutions have demonstrated its supports allowing users to concentrate more on their tasks, develop their creativity, rather than take time to do the unnecessary administrative tasks such as editing, searching or sorting out etc. "With approximately 2,000 staff working in offices in Through the deployment of Microsoft Lync technology, VNG said it had significantly improved its business performance and enhanced the ability of providing services to millions of customers. Microsoft Lync 2013 has been implemented by IT Department of VNG and deployed for the last two-three months. It has enabled VNG to create the integrated communication channel including email, phone, mobile, video conference among others. This has brought benefits to work and subsequently improve the company‘s efficiency. VNG still keeps searching for the latest IT solutions and innovations in accordance with new technology trend. Unlike current solutions for media and communications, which will require replacing existing IT systems, the Microsoft Lync 2013 solution will not only smoothly integrate with Microsoft Exchange platform, but also be capable of integrating with many other communication tools such as Yahoo Messenger, Skype, PBX,.. Microsoft Lync solution is interactive, integrating well with the current video standard being used (H323) by LifeSize, creating unified interface for many different communication channels. In addition to the cost savings in tangible new platform infrastructure, this solution helps VNG stay out of troubles of information interruption or decreasing labor productivity during implementation and training. Unified Communications Integration with other messaging systems such as Yahoo and MSN for those who are required to work on many different systems on different platforms of Microsoft, to ensure jobs stay connected without interruption is not easy. And this is one of Microsoft Lync’s strengths. Moreover, by allowing companies to consolidate their communications infrastructure, not only can Microsoft Lync reduce the total cost for communication infrastructure, it also provides a network of communication with reliable quality to complete the important tasks easily. Additionally, the system is seamlessly integrated, and through a familiar, friendly interface, VNG staffs can minimise unnecessary errors as well as the period of interruption system, or when they switch between applications. "Microsoft Lync solution is highly appreciated by a number of ministries of Defence in Nojima, one of At the investment collaboration signing ceremony in Hanoi last Friday, Tran Xuan Kien, chairman and general director of Tran Anh, informed his firm would make the most of the deal value of VND64 billion from Nojima to expand its network. The local retailer aims to develop a large-sized supermarket chain of electronics, computers and mobile devices at home. Tran Anh now is running the largest electronics supermarket chain in the country’s north. It is looking to increase the total number of supermarkets in Besides contributing investment capital, Nojima will send Japanese experts to Tran Anh to jointly build up a long-term business strategy and improve customer services for the local company. With 54 years of experiences in the Japanese electronics retail market with nearly 180 electronics supermarkets, the Yokohama-based retailer is expected to blow a fresh wind into Tran Anh, starting from customer services, to bring the highest benefit for customers at its retail stores. Hiroshi Nojima, president of Nojima Corporation, said his company had studied the Vietnamese electronics retail market thoroughly before deciding to make a business tie-up with Tran Anh. Nojima sees Tran Anh as a local retail company with a proper business strategy and corporate governance system appropriate with the long-term development vision. Tran Anh, floating its shares on the bourse in early 2010, now is the only listed retail company specializing in electronics products, computers and mobile devices in Although retailers of electronic products and phones have been in trouble in the past two years due to the declining buying power, the market is still appealing to foreign investors via mergers and acquisitions (M&A). Before Nojima, Robert A. Willet, former CEO of BestBuy International, had invested in Thegioididong.com after Mekong Capital Enterprise Fund II divested partly from the local retail chain. Together with an investment of Willet, CDH Electric Bee Limited also invested in Thegioididong.com. Willet and Electric Bee hold a combined stake of 20.41%, Mekong Capital holds 25.84% and the remaining stake at Thegioididong.com with 51.26% is held by founding members. Two years ago, TD Mobile of Nguyen Duc Tai, chairman of Thegioididong.com, said that with a network of over 220 stores nationwide, the firm’s future challenges was not simply to expand the network but also to increase profits and operation efficiency. Therefore, Thegioididong.com is in need of Willet’s experiences. Thegioididong.com will open many electronics stores in the coming time. Besides, it targets to raise online shopping at the websites Thegioididong.com and Dienmay.com to 20% of total revenues. Developers, tenants and visitors are eager to wait for the opening of According to Vingroup – the developer of this mega complex, the opening ceremony of The opening will be added with many different and sophisticated art performances and special promotion and gift presents will also be taken on this occasion. Organised with “all in one” model, the complex combines a range of values of tourism, shopping and entertainment, as well as social exchanges, friendship gathering and especially family entertainment. It is not a home for more than 800 booths but also offering unique and new entertainment activities to its visitors. Apart from that, World Games is also another item which can not be missed in this complex with different games and the KixCity – especially served for children from 3 to 15 years. The opening Vincom Mega Mall Royal City will be served with a special art performance attended by leading singers in Vietnam now such as Dang Duong, Viet Hoan, Hoang Tung, Semi Classic orchestra and Ho Ngoc Ha – one of the most favour singers in Vietnam, and dragon dance. Especially street activities under the European style will be held from 17 to 21pm on July 26, 27 and 28 at the Royal City Square to welcome visitors with many other greeting activities such as photos shooting with status, music performance, portrait painting and street magic. Vincom Mega Mall Royal is developed by Vingroup – the owner of four strategic brands: Vincom in real estate, Vinpearl in tourism, Vincharm in healthcare and Vinmex in high-quality healthcare services. GE helps training Vietnamese medical workers GE Healthcare, a unit of General Electric Company (NYSE:GE), in coordination with Vietnam Ministry of Health recently conducted a GE LEAN management training course for individuals associated with the healthcare sector in Vietnam. LEAN is a methodology that encourages hospital staff to work together to improve the efficiency of their processes by eliminating waste without the requirement of extra resources. Hospitals operating to LEAN principles benefit from improved efficiency, better employee engagement and financial performance. This streamlining also affords more time for patient care. GE LEAN principles have been applied in hospitals around the world and have been successful in improving operational and financial performances as well as staff retention rates. Last year, GE’s first LEAN training in hospitals in the Mekong Delta’s Dong Thap province received positive feedback from senior managers. This year’s training programme was attended by senior-level managers including leaders from the Ministry of Health, university lecturers, and members of the board of management from hospitals such as This training is also part of the company’s initiative to address the need for healthcare education and capacity building across ASEAN. GE Healthcare in ASEAN recently launched the GE ASEAN Healthcare Learning Institute (‘AHLI’), a virtual academy in collaboration with renowned healthcare professionals and leading healthcare providers within the region and globally, AHLI offers clinical, technical and leadership education. These trainings include online, classroom as well as immersion programmes. “We are proud to deliver GE LEAN training in The LEAN approach to improving GE was one of the first American companies established in BIDV, construction bank finance home, road projects The Bank for Investment and Development Bank of Vietnam (BIDV) and Vietnam Construction Bank have signed five deals with partners to fund highway upgrade and budget home projects in the central region. The agreements, inked in the central Of the five deals, four are for upgrading and refurbishing national highways 1 and 14, as well as building The newly-launched scheme enables investors, contractors and building material companies to get access to bank loans. The Vietnam Construction Bank acts as the sellers’ bank, with the sellers being the building material makers, while BIDV will issue its guarantees for the buyers, including home buyers. Previously, BIDV and the Ministry of Transport signed a cooperation agreement to upgrade the National Highway 1 with the total loan of VND30 trillion ($1.4 billion plus), with VND20 trillion used to finance build-operate-transfer (BOT) projects. The Vietnam Construction Bank made its debut late this May following a State Bank of Technological fair offers investment opportunities The Japanese Embassy to The exhibition will showcase state-of-the-art technologies in many industrial sectors, with the participation of many famous Japanese firms and Vietnamese firms in The firms include Shimizu Corporation operating in infrastructure construction, JFE Group engaging in environmental technology and energy, Hitachi Asia Vietnam Company with social infrastructure solutions. Besides, the exhibition will also be joined by vehicle manufacturers like Honda Vietnam Co.,Ltd, Toyota Motor Vietnam, Isuzu Vietnam Co., Ltd, Yamaha Motor Vietnam Co.,Ltd. and Terra Motors Vietnam Company Limited. Electrics product makers like Panasonic Vietnam Co., Toshiba, Sony Electronics Vietnam Company Limited and Mitsubshi Electric Vietnam Co.,Ltd will also showcase their technologies at the exhibition. Technologies in making robots and the performance of robot Ashimo will also be introduced at the event. “With this exhibition, Vietnamese people will help support the companies in their hi-tech innovation and development, and have better understanding about the supporting industries,” said a document from the embassy. This event is part of the “exhibition on supporting industries’ technology” jointly organised by At present, “Such support and the introduction of Japanese technologies via this exhibition will help boost Gov't monitors rising forex rate closely The exchange rate between the Vietnamese dong and US dollar is likely to continue rising in the remaining months of the year, but it would still be under the control of the State Bank of The ministry's Commercial Information Centre predicts that the rate may increase from VND21,500 to 21,700 per dollar by the year-end due to increasing demand for the greenback, but there would be no major change in supply. The recent forex rate increases have been caused by various factors that have resulted in an imbalance between supply and demand for the dollar, the agency says. However, there are other factors that will stabilise the forex rate in the remaining months of the year, one of which is that the lending and deposit interest rates of both dong and US dollars would continue to fall. Another factor is that the central bank has affirmed that it would not devaluate the dong. As the value of the dong is maintained and interest rates on dollar loans and deposits go down, the greenback will become less attractive and people will stop hoarding it. In addition, although the market's demand for the greenback is predicted to rise during the rest of the year, there will be adequate supply because disbursement of the direct foreign investments will be stable. In the last five months, about US$4.6 billion was disbursed, up 1.6 per cent over the same period last year. The country's foreign exchange reserves will be maintained in a stable manner, creating a firm financial basis for the central bank to intervene and stabilise the financial market if there are strong fluctuations, the centre says. It concludes that the market will not experience a foreign exchange "fever" that has previously had a shock effect on the economy. Developer pounces on stagnant real estate sector Vietnamese real estate developer Son Kim Land has received a US$37 million investment from EXS Capital, an independent investment firm based in On top of that, EXS Capital may raise its investment up to $80 million in the future, Quoc told Viet Nam News yesterday. The HCM City-based company is the real estate arm of the Son Kim Group and is currently operating six development projects, including two large complex areas with apartments, offices and a commercial centre in District 2 in the city. "Money will be invested to develop the company's ongoing projects as well as buying other real estate projects," said Quoc. According to the co-founder and CEO of EXS Capital, Eric Solberg, the Vietnamese company is selected because of its solid track record and attractive projects in the pipeline, especially the planned metro line and metro stations in District 2 in Although the real estate sector in "Real estate development is a long-term game. Anything we start to build today will not reach the market for a couple of years. We have great faith in the Vietnamese economy over the long term, so as the market is relatively weak at the moment, it is a very logical time to buy in," he said. "We believe Son Kim Land's projects will work quite well, even if the current market conditions continue. Any recovery is good news for both Son Kim Land and its shareholders, including our investors." EXS Capital, founded in 2007, has offices in Hong Kong and Insurance firms to lift their game The insurance sector will focus on restructuring the market as well as its businesses so as to maintain stability and sustainable development, the Ministry of Finance's Insurance Supervisory Authority (ISA) has said. The industry expects to see a total premium of VND43.711 trillion (US$2.082 billion) this year, a rise of 6.5 per cent over last year. Non-life insurance is hoping for a record growth rate of 5 per cent, to reach VND23.9 trillion, while life insurance is aiming at VND19.7 trillion, an increase of 9 per cent year-on-year. The total investment made by the insurance sector is projected at VND7.3 trillion, up 10 per cent over last year. To meet these targets, several insurance firms have concentrated on becoming more professional and improving the quality of their services. Nguyen Truong Giang, general director of the Post and Telecommunications Insurance Joint Stock Company (PTI), said that they would become more competitive by improving the quality of their key products. Stephen Clark, the AIA Insurance Company's general director, said the company would focus on developing agencies into a standard. Sharing this idea, Le Van Thanh, general director of Bao Minh Insurance Joint Stock Company, said they planned to restructure their organisations not only at the head office level, but including subsidiaries as well. In addition, the company wants to develop its distribution network, restructure its range of products and investments structure as well as improve the quality of services. The sector experienced a lower rate of growth in the first half of this year because of economic difficulties. Statistics from the ISA show that non-life insurance premiums in the first six months of this year stood at VND11.8 trillion ($562 million), up by only 2.2 per cent over the same period last year. Life insurance also struggled to maintain a growth rate of 13 per cent, making just VND9.1 trillion ($434 million). In total, insurance premiums experienced a growth rate of 6.86 per cent over the same period last year, down from the growth rates of 2012 and 2011, which came in at 17.8 per cent and 22 per cent respectively. VN, The State Bank of Speaking at the signing ceremony in Ha Noi on Monday, SBV Deputy Governor Dang Thanh Binh said the MoU would facilitate the collecting and analysing of information that would help prevent money laundering. Binh said The SBV praised Big names to hit woodwork fair Up to 260 businesses from 19 countries and territories will take part in the 10th Viet Nam International Woodworking Industry Fair in Spread over more than 500 pavilions, businesses can expected 20,000 visitors. The European Federation of Woodworking Machinery Manufacturers will attend the event, along with similar associations from In the first half of this year, The figure is forecast to hit $5.5 billion, said HCM City Handicraft and Wood Industry Association vice chairman Dang Quoc Hung. Electrical equipment goes on show More than 100 domestic and foreign enterprises are showing their goods in two trade fairs which opened in They are the 6th Viet Nam International Technology and Equipment Exhibition and the 3rd International Exhibition on Technologies of Green Energy and Energy Saving Products. The combined 250 booths feature exhibitors from The exhibitors are also introducing energy-saving products and devices using renewable and environmentally friendly energy. Vingroup to build finance centre Vingroup Joint Stock Company has gained approval to build an international finance-banking centre and a trade and service complex in Thu Thiem urban area in According to the municipal People's Committee, the projects will cover a total area of 250,000sq.metre. The committee said Vingroup would commission international consultants to draw up detailed plans for the projects. Shell Shell The new product improves engine and oil durability by offering acid control and prevention of deposits, thus keeping engines clean for better performance. It also keeps apart the moving metal engine surfaces and prolongs engine life. Local business sentiment falls Business optimism in Kenneth Atkinson, managing partner of Grant Thornton "In addition to the numbers reported here, there are still constraints on growth due to the cost and availability of finance and red tape. "These are not new and are constantly being brought to the attention of the Government. "However, with the recent growth in credit, there is some causes for optimism on one of the issues but interest costs do remain relatively high." Though optimism is falling, expectations of revenue growth and profitability were stable at 86 per cent and 88 per cent respectively. But 64 per cent of respondents were either neutral or expected a better performance by the economy over the next 12 months. There has been a steep fall in the number expecting to increase R&D spending — from 40 per cent to 20 per cent. There was a significant increase —from 36 per cent to 64 per cent — in those stating that cost of finance was a constraint on their business. The International Business Report, polling more than 3,200 businesses in 44 economies and released on July 23, also showed a dramatic reversal of fortunes for business leaders in the world's two largest economies. SME competitiveness sharpened by US funding Small and medium-sized enterprises (SMEs) in The project, which began on July 19, aims to create opportunities for young entrepreneurs to learn from economists and successful entrepreneurs from major groups and companies. This year, the project will be implemented in the north for 10 months, helping young local entrepreneurs experiment with business solutions and experience. According to Central Institute for Economic Management (CIEM) Deputy Director Vo Tri Thanh, Vietnamese SMEs lacked strong co-ordination and connectivity, which would pose a risk to the national economy. Strong connectivity would help them secure a firm foothold in the market, Thanh added. Launched in October 2011, the project is one of 36 worldwide of their kind to have been selected for funding by the US Department of State. Bankruptcies to go ahead Deputy Prime Minister Hoang Trung Hai has instructed Viet Nam National Shipping Lines (Vinalines) to complete procedures to bankrupt two of its members, while the Viet Nam Shipbuilding Industry Group (Vinashin) plans to stop the operation of 216 subsidiary companies. Hai chaired a recent meeting on the operation and implementation of Vinalines' restructuring plan with relevant ministries, the State Bank of He instructed Vinalines to complete bankruptcy procedures for two of its members, Vinashinlines and Falcon, which were unable to pay back massive debts they owed last year. Concerning Vinalines'debts, Hai told the group to work with the SBV and commercial banks to find a solution. According to local media, Vinalines has a debt of US$321 million itself and billions of dollars more in its subsidiaries. Vinashin's general director, Vu Anh Tuan, said the group would only focus on the parent company and 42 core units, while 216 underperforming units would be merged with existing companies or bought out. With regards to debt restructuring, 19 banks have agreed to cut the US$1.35 billion the group currently owes by 75 per cent. Minister of Transport Dinh La Thang said that at the end of this month, his ministry must submit a report to the Government on Vinashin's progress, so the group needed to review all existing problems and propose solutions to resolve them. Leading plastics company signs contract with Japan Tien Phong Plastic Joint Stock Company signed a contract with Sekisui Chemical Co Ltd from Under the contract, Tien Phong, a leading plastics producer in The Japanese company will transfer equipment and provide technical assistance for Tien Phong to produce these products. It will also share information relating to patents, technology and trademarks. If sales total 300 million JPY (US$3 million), the two sides will consider the establishment of a joint venture in Mercedes Benz invests in advanced coating facility Mercedes Benz is increasing its investment in The advanced and eco-friendly facility has an investment of nearly US$10 million. Mercedes is using Located inside the Mercedes-Benz Viet Nam factory in the city's Go Vap District, the facility covers an area of 5,000 square metres. $386.9 million profit for Vinamilk during first half The Viet Nam Dairy Products Joint Stock Company (Vinamilk) has recently announced its second quarter business results of nearly VND8.125 trillion (US$386.9 million) in net revenue, up 14 per cent from the same period last year. In the first six months of the year, Vinamilk gained VND14.85 trillion ($707 million) in net revenue, up 14 per cent year-on-year, of which 87 per cent came from the domestic market, the company said. After tax profits in both Q2 and H1 jumped 22 per cent to VND1.822 trillion ($86.8 million) and VND3.347 trillion ($159.4 million) respectively. Vinamilk's total assets have increased 6 per cent to over VND21 trillion ($1 billion) since the beginning of this year. Mushroom farms come out of the dark The agricultural sector should come up with appropriate measures to develop mushroom cultivation more effectively in the country, experts said at a forum last week. The Ministry of Agriculture and Rural Department's Cultivation Department said mushrooms had a surprisingly high nutritional value, and this had seen demand for the fungi increase in foreign countries. Mushroom consumption has increased by 3.5 per cent per year on average in the Mushroom cultivation in some Asian countries and territories, including the Vietnamese farmers now produce 16 kinds of mushrooms, including straw, button, oyster, wood ear and reishi. Mushrooms are mainly cultivated in southern provinces including Dong Thap, Soc Trang, Tra Vinh, Can Tho City, Dong Nai, The country produces about 250,000 tonnes of mushrooms a year, with more than half of that sold in domestic markets as fresh produce and earns about US$25-30 million per year from exports. With an abundance of mushroom growing materials, including straws, logs and enriched sawdust, which could reach 40 million tonnes per year, Current production did not match existing potential, they said at the forum organised by the National Agricultural Extension Centre in Mushroom cultivation was still scattered and conducted mostly at the household level, which yielded low economic efficiency, said Nguyen Nhu Hien of the Cultivation Department. The number of mushroom processing firms and exporting companies remained modest, so there was a shortage of stable outlets, he said. The country plans to expand mushroom cultivation and produce about 1 million tonnes of mushrooms of all kinds by 2020, of which 500,000 tonnes will be for export. To meet the target, the agricultural sector should seek reasonable measures to develop the mushroom industry, said Le Hong Vinh, deputy director of the Agricultural Genetics Institute's Biotechnology Centre. Restructuring cultivation and diversifying mushroom strains to satisfy market demand as well as conducting researches to diversify mushroom growing materials were among the measures, he suggested. Meanwhile, the Government should provide tax incentives to enterprises involved in this sector, he said. Hien called for the establishment of concentrated mushroom cultivation areas and set up a close link between production and consumption. He also urged the sector to enhance the use of hi-technology in production, preservation and processing and build brand for Vietnamese mushroom in the world market. Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR |
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