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Business forum on sustainable development

In Uncategorized on December 17, 2010 at 2:27 pm




Business forum on sustainable development


QĐND – Friday, December 17, 2010, 20:56 (GMT+7)

A business forum was held in Hanoi on December 17 by Vietnam Chamber of Commerce and Industry (VCCI) to assess the strategy for sustainable development in the past 5 years and approve the plan for the 2011-2020 period.


In the past 5 years, under the strategy, Vietnam has made important progress in hunger elimination and poverty reduction as well as population control, reducing unemployment and increasing access to, and quality of healthcare and education.


As of the end of 2010, more than 8 million people have been provided with jobs and the poverty rate has been reduced by 10 percent. Vietnam human development index (HDI) has continuously increased and is ranked 105 out 177 countries.


The assessment also gave much attention to natural resources and environment protection. The environment quality in some localities has improved which helped to raise people’s living standards.


Nguyen Tien Loc, VCCI Chairman said business development is at the core of sustainable development. “It is necessary for government agencies and research institutes to be involved in this process. The issues of energy, climate change and environment will be the focus in the future”, he said.


In addition, VCCI established the Business Council for Sustainable Development at the forum.


Source: VOV


Source: QDND

SeABank receives ASEAN Business Award

In Uncategorized on November 1, 2010 at 2:13 pm

Young man finds success with cricket business

In Uncategorized on October 14, 2010 at 2:32 pm

A poor young man, who had to leave university due to financial burden, has successfully set up a cricket-raising career on a farm he named Thien An, which attracts visitors and provides crickets for restaurants in the Central Highlands province of Lam Dong.

Foreign tourists take photograph of a cricket basin at Thien An cricket farm (Photo: SGGP)

Nguyen Quang Huy, 28, followed his family to Lam Dong Province from the northern province of Bac Giang in 2001. The new life in the highlands was not easy, as Huy had to leave university to assist his family.


The thought of raising crickets came to Huy after he visited a cricket farm in Cu Chi District, Ho Chi Minh City. He then began studying the process of breeding crickets and came to Cu Chi to learn more.


After becoming familiar with the process, Huy wrote a proposal on cricket-raising development and asked Lam Ha District authorities to finance it. The district Bank for Social Policies finally lent him VND150 million (US$8,000) to open a cricket farm.


With the initial capital, Huy built a 300 square meter farm with over 200 cricket basins in Nam Ban Commune, 50 kilometers from Dalat City.


Now established for more than a year, the farm obtains over 200 trays of cricket eggs a month, each tray bringing him VND50,000 and 25 kilograms of crickets, which he sells to restaurants in Dalat City.


After calculating costs, the 200 cricket basins yield him over VND70 million (US$3,700) in net profit, Huy said.


The Thien An cricket farm has been chosen as a tourist destination by Dalat City travel companies. The farm receives from five to seven delegations of visitors each day, who come to learn about the phases of breeding crickets and to enjoy cricket-based foods such as cricket fired with citronella and chili and fried power-dip crickets.


Huy’s foremost specialty is young crickets. The farm usually freezes these crickets, which sell for 25 percent more than what mature crickets fetch.

Source: SGGP

New regulations out for business invoices

In Uncategorized on October 13, 2010 at 3:55 am




New regulations out for business invoices


QĐND – Thursday, September 30, 2010, 20:10 (GMT+7)

Businesses will be allowed to continue to use Ministry of Finance issued invoices until the end of first quarter next year, according to a newly issued instruction of Deputy Prime Minister Nguyen Sinh Hung.

The instruction amended the January 1 deadline in an attempt to deal with obstacles raised through the implementation of Decree No 51/2010/ND-CP, which allows most companies to print their own invoices instead of having to obtain them from official agencies.

The extension will help save money for those who bought the invoices from the Ministry of Finance but would not have used them prior to December 31 2010.

Under the instruction, Hung also agreed in principle with the Finance Ministry’s proposal to continue selling ‘red’ invoices to small-sized businesses and those in poor areas, who cannot afford to print invoices, until the end of next year. These invoices serve as official proof of commercial transactions for tax and other purposes. However, small businesses will have to print their own invoices as of 2012.

The new instruction also stated that vouchers used in banking and marine services, which meet international regulations, will also be recognised for purposes of taxation. According to current regulations, the vouchers are not recognised as invoices so banking and marine transportation businesses are still required to obtain ‘red’ invoices to pay tax, wasting both time and money. More than 350,000 companies are expected to become eligible to print their own invoices.

Director of the General Taxation Office’s Policy Department Cao Anh Tuan said besides providing greater freedom to companies to do business, the new policy would completely change business invoice usage.

It would also save the Government some of the costs it incurs in printing the invoices, while companies would not have to go through the rigmarole of obtaining them, Tuan said.

However, analysts warned there could be difficulties during the process.

Careful monitoring of the printing process was imperative to eliminate the possibility of fraud by print companies, they said.

Tax offices were set for a hard time as thousands of enterprises would register to print their own invoices, they added.

Source: VNA/ Photo: HNM


Source: QDND

Young man finds success with cricket business

In Uncategorized on August 12, 2010 at 7:21 am

A poor young man, who had to leave university due to financial burden, has successfully set up a cricket-raising career on a farm he named Thien An, which attracts visitors and provides crickets for restaurants in the Central Highlands province of Lam Dong.

Foreign tourists take photograph of a cricket basin at Thien An cricket farm (Photo: SGGP)

Nguyen Quang Huy, 28, followed his family to Lam Dong Province from the northern province of Bac Giang in 2001. The new life in the highlands was not easy, as Huy had to leave university to assist his family.


The thought of raising crickets came to Huy after he visited a cricket farm in Cu Chi District, Ho Chi Minh City. He then began studying the process of breeding crickets and came to Cu Chi to learn more.


After becoming familiar with the process, Huy wrote a proposal on cricket-raising development and asked Lam Ha District authorities to finance it. The district Bank for Social Policies finally lent him VND150 million (US$8,000) to open a cricket farm.


With the initial capital, Huy built a 300 square meter farm with over 200 cricket basins in Nam Ban Commune, 50 kilometers from Dalat City.


Now established for more than a year, the farm obtains over 200 trays of cricket eggs a month, each tray bringing him VND50,000 and 25 kilograms of crickets, which he sells to restaurants in Dalat City.


After calculating costs, the 200 cricket basins yield him over VND70 million (US$3,700) in net profit, Huy said.


The Thien An cricket farm has been chosen as a tourist destination by Dalat City travel companies. The farm receives from five to seven delegations of visitors each day, who come to learn about the phases of breeding crickets and to enjoy cricket-based foods such as cricket fired with citronella and chili and fried power-dip crickets.


Huy’s foremost specialty is young crickets. The farm usually freezes these crickets, which sell for 25 percent more than what mature crickets fetch.

Source: SGGP

China defends business ties with Iran

In Uncategorized on August 5, 2010 at 7:21 am

China has defended its business dealings with Iran after a senior US official called on Beijing to follow UN sanctions against the Islamic republic to the letter.


The statement from a Chinese foreign ministry spokeswoman published in state media Thursday also came after a senior US lawmaker called for sanctions to be imposed on Beijing over its major investments in Tehran’s energy sector.


“China’s trade with Iran is normal business exchange, which will not harm the interests of other countries and the international community,” the spokeswoman, Jiang Yu, was quoted as saying by the China Daily.

Banner bearing portraits of Iran’s supreme leader Ayatollah Ali Khamenei (L) and his predecessor, the founder of the Islamic republic, Ayatollah Ruhollah Khomeini (R), are seen on a construction site for the South Pars gas field development in the Iranian port town of Asaluyeh on July 19, 2010.

“As a permanent member of the UN Security Council, China has always observed the council’s resolutions.”


In June, the UN Security Council imposed a fourth set of sanctions on Iran over its disputed nuclear drive, which the West and Israel say is a covert weapons drive, and especially over its refusal to freeze uranium enrichment.


China, which wields a veto on the council, backed the UN measures, but it has since voiced opposition to further unilateral sanctions imposed by the United States and the European Union, instead calling for more negotiations.


On Monday, Robert Einhorn, the US State Department’s special adviser for non-proliferation and arms control, appealed to China to fully back sanctions on both Iran and North Korea, also suspected of developing nuclear weapons.


“We want China to be a responsible stakeholder in the international system,” Einhorn said during a visit to Seoul.


“That means cooperating with the UN Security Council resolutions and it means not backfilling or not taking advantage of responsible self-restraint of other countries.”


Einhorn is expected to make a stop in Beijing during his Asia tour.


Also on Monday, US lawmaker Ileana Ros-Lehtinen — the top Republican on the House Foreign Affairs Committee — said investments by Chinese state-run firms in Iran’s energy sector were “effectively bankrolling” its nuclear programme.


Ros-Lehtinen did not offer details, but US officials have noted that Chinese firms have been stepping in to fill the void left by companies leaving Iran because of UN and US sanctions.


“It’s time to implement our sanctions laws and demonstrate to Russia and China that there are consequences for abetting Tehran and flouting US sanctions,” she said in a statement.


“Russia and China appear determined to continue to facilitate Iran’s dangerous policies. This must not be allowed to continue without serious repercussions.”


China has emerged as Iran’s closest trading partner and has major energy interests in the Islamic republic.


China is investing 40 billion dollars in Iran’s oil and gas industry, the Islamic republic’s deputy oil minister Hossein Noqrehkar Shirazi said Saturday. Iranian Oil Minister Massoud Mirkazemi is due in Beijing this week.

Source: SGGP

Green business for Vietnam’s economic renewal

In Uncategorized on June 8, 2010 at 2:32 pm




Green business for Vietnam’s economic renewal


QĐND – Tuesday, June 08, 2010, 20:59 (GMT+7)


PANO – Vietnam is now heading for sustainable development under recent lines of the Government. One of the important ways to reach the target is do develop “green business”, which in fact is operating in several developed economies around the world. According to Nguyen My Lan, Chairwoman of GE Vietnam, green business is a must in the long run development and it would bring potential benefits for the economy.

Vietnam plays an increasingly important role in the Asian and global economy and is proving to be an attractive destination for foreign companies. Even during the global economic crisis Vietnam demonstrated its ability to manage its economy and recover rapidly in comparison with other peers in South East Asia. Now Vietnam is poised for the next stage of development and growth. How it manages that growth will be another important indicator of the long sustainability of the Vietnamese economy.


The COP15 discussions at the end of last year put into sharp focus the challenges that we face as an international economy in delivering growth while at the same time address the environmental challenges that we and future generations will face. Achieving growth is a social and economic imperative but it shouldn’t be done without a focus on the long term competitiveness and long term sustainability of the planet. So that is the challenge for both Government and policy makers but equally for business.


Vietnam is evaluated as one of the countries hardest hit by climate change and rising sea levels, hence, the Vietnamese Government is adamant that socio-economic development must go together with environmental protection. And Vietnam is actively making great efforts to turn itself into a green country in the future. 


If the challenges that Vietnam faces in the fields of energy, water supplies, transportation and construction are not addressed, future generations will suffer from their harmful effects. According to Deputy PM Hoang Trung Hai at “Green Biz 2009”, it is now essential to encourage cooperation between Vietnam and foreign partners to conduct research into the development of green technologies.


To achieve the targets, both foreign and local companies in Vietnam need to play their part and address the challenge of becoming green business by striving to minimize environmental impacts from their business activities, as well as introduce to the market the technologies, ideas and measures for doing that.


When thinking about solutions for Vietnam, we at GE are trying to work on “recycling-oriented manufacturing,” “green work-style” and “offering eco-solution using our own expertise”, but initially “minimizing our Carbon emissions in all business processes” which we also call “ enabling low carbon innovation”. Policy certainty and a refocus of funding mechanisms will be key. One example of this is the investment by GE in EU of €340 million in off-shore wind energy projects, creating up to 2,000 new jobs, made possible by the certainty created by EU and supportive national policies. As well as being the right thing to do greening our business makes sound business sense. For example, GE’s China business for its ecomagniation certified products increased 50% year on year to $US656 million for the first three quarters of 2009.  In addition GE’s ecomagination initiative has resulted in savings to the bottom line of over $100million over five years from energy savings and has created approximately 50,000 jobs directly and through its supply chain.


Companies and economies that invest in innovation for green business today will emerge from the recession strongly positioned for growth. That is why we have increased our investment in R&D in new technologies over the past two years of the crisis, rather than cutting it with the total investment of €4 billion a year in this area.


GE in Vietnam hopes to help wind developers exploit and make use of abundant wind source for the cause of promoting renewable energies instead of fossil fuels. GE’s first facility in Hai Phong manufacturing components of wind turbines has set up a foundation for wind development in Vietnam. However, it mostly depends on the government investment policy to attract investors. The legal framework for wind energy development should include specific standards for wind energy development to help investors understand and have investment orientation, and financial incentives for each wind energy unit that will join the power network. The most important thing is that each wind energy policy must be stable for a long time because each wind energy project needs 10-20 years of operation to bring economic profits for investors. 


Overall, we are looking forward to the correct policy and financial frameworks to support the development of green growth. Green business need this certainty to make the investments required even in terms of duty-free imported green products, removing barriers to trade or operation, allowing government incentives to foreign companies, etc.


One such initiative that can be taken on an international level is the introduction of an Environmental Goods and Services Agreement. An Environmental Goods and Services Agreement (EGSA) and the liberalisation of green trade can serve as a catalyst for growth within the green energy space and stimulate the market. An agreement to create open trade for green products and services would represent the most significant step governments can take in the short term to bridge the gap from our present-day reliance on fossil fuels, and a future based on renewable and other clean energy. While the removal of excessive tariffs would also serve to promote growth and unleash the great potential in the sector.


Looking at the EGSA and the current socio-economic context in Vietnam, we would like to deliver a simple message that GE and the wider industry has been investing in developing technologies which can help Vietnam develop green business. We are creating partnerships here, sharing our initiatives which will help address basic community needs of sustainable environmental development by using innovative technologies to address some of the greatest challenges we face. We do that not just because we believe it’s the right thing to do but also because it makes great business sense.


Reported by Thu Nguyen


Source: QDND

Africa-France summit gives business a top billing

In Uncategorized on May 31, 2010 at 5:17 am

Piracy, terrorism and climate change get prime billing but business is the linchpin at a summit between France and African leaders that begins Monday.


Not on the agenda but a clear subtext is President Nicolas Sarkozy’s desire to assure broader influence and greater economic weight for France in Africa — seen as a new frontier for profit-making a half-century after France lost 14 African colonies to independence.


Many of those countries are now looking to China for trade and investment.


The dictatorships, conflicts, corruption and poverty that have plagued African nations for decades and define their image in the West are reduced to sideline events at the two-day summit, which includes the heads of state or government from 38 countries in Africa.

A French police car is parked outside the Congress Palace in Nice, southern France, Sunday, May 30, 2010 on the eve of the 25th Africa-France summit that will be held here May 31 and June 1st. 2010

French Foreign Minister Bernard Kouchner hosted African counterparts for a pre-summit meeting Sunday in the Riviera city of Nice under heavy security. Helicopters patrolled the venue while police blocked off streets and hotels where the leaders are staying.


Sarkozy is “renovating” the Africa-France summit, in its 25th year, by also inviting some 230 business leaders from Africa and France to the Riviera city of Nice. The move has angered aid groups, who fear the summit will take a purely financial view of development.


France’s No. 2 government minister, Jean-Louis Borloo, recently called Africa “our El Dorado” — a legendary city of gold.


The line between casting off France’s colonial-era ties and profiting from them is delicate. France plans to invite African troops to take part in its grandiose Bastille Day military parade July 14 to recognize the role troops from French colonies played in fighting for France during both the first and second World Wars.


Yet Sarkozy insists there’s no room at the summit for nostalgia.


“Fifty years after independence and in a context of globalization, no one, neither Africans nor French, would understand” profit grounded in the colonial legacy, Sarkozy told the weekly Les Afriques. “The reality is that between France and Africa today there are numerous common interests and objective reasons to freely rebuild a close relationship.”


Another reality is the growing presence in Africa of China, India, Brazil and even Iran, along with allies like the United States. Many of those nations are moving full speed ahead to scoop up Africa’s natural resources, make trade and win contracts to build infrastructure.


In French-speaking countries, mainly in north and west Africa, France must live down its past as a colonial ruler that imposed its culture, injected massive aid and profited economically, often through networks that fed corrupt regimes.


That special French relationship — which endured after independence and is known as “Francafrique” — “is not over at all, not at all,” said Africa specialist Alain Antil of the French Institute for International Relations.


But “its networks are certainly less powerful” than in the past, he said, and France is keen to evolve into a primary partner on other, non-French-speaking parts of the continent.


An Elysee Palace official said Sarkozy is more interested in bilateral talks with leaders of countries not in the circle of former colonies. Among those leaders attending is South African President Jacob Zuma.


“There is still a complex in France, a bit of envy” toward the British Commonwealth, which developed economic ties within its sphere of influence rather than accenting cultural ties as France did, Antil said.


Yet aid groups worry about using free enterprise as a means of development.


“We have real concerns because the word ‘corruption’ doesn’t appear in (summit) documents, the word ‘transparency’ doesn’t appear,” said Brice Mackosso of the Brazzaville-based association Publish What You Pay, which acts like a watchdog for shady corporate practices.

France invited union representatives in a bid to open the forum and wants business leaders at the summit to develop a charter of good behavior in Africa.

Only one African country was not invited to the summit — Madagascar, the Indian Ocean island where a 2009 coup toppled an elected president.

Notable absent leaders include Sudanese President Omar al-Bashir, sought by the International Criminal Court for allegedly masterminding atrocities in Darfur. Zimbabwe’s President Robert Mugabe, facing EU sanctions travel restrictions, also was not invited.

Egyptian President Hosni Mubarak co-presides with Sarkozy over the Nice summit. The 2013 edition of the summit is to be held in Egypt.

Source: SGGP

HCM City: dairy farmers cannot afford to stay in business

In Uncategorized on May 18, 2010 at 5:03 pm




HCM City: dairy farmers cannot afford to stay in business


QĐND – Tuesday, May 18, 2010, 21:1 (GMT+7)

“We are incurring heavy loss when breeding milk cows,” a lot of milk cow breeding farms in HCM City voiced the same complaint during a meeting with the HCM City Agriculture and Rural Development Department late last week.


Tran Van Lien, a farmer in Binh Chanh District in HCM City, provided noteworthy figures about what he got after one year of breeding milk cows. Lien said that he had to spend 25 million dong per milk cow a year, including 23 million dong on animal feed. Meanwhile, he got 4500 kilogrammes of milk. Dairy producers purchase milk at 7000 dong per kilo on average, Lien’s profit is 3.5 million dong.


According to Lien, in his herd of 20-30 cows, only 15-20 cows give milk. Therefore, the money he got from selling milk was not high enough to feed the whole herd of cows.


HCM City Farmers’ Association conducted a survey on 200 milk cow farming households in the city, the total expenses for every kilogramme of fresh milk is as high as 8100 dong. Meanwhile, dairy producers pay 7000-7200 dong only for every kilogramme of milk. As such, farmers are incurring the loss of 800 dong per every kilogramme of milk.


Nguyen Van Tui from the HCM City Farmers’ Association said that the higher price of animal feed is the main reason that makes farmers incur losses. Tui said that the cattle feed has increased in price seven times since the beginning of the year, 25 percent in total. A 25 kilo bag of bran was sold at 215,000 dong several months ago, while it is now selling at 237-245,000 dong. Meanwhile, farmers cannot raise the sale prices of fresh milk, because dairy producers refuse to collect milk at higher prices.


Heavy loss has prompted farmers to give up farming. According to the city’s farmers’ association, the number of milk cows in the city has decreased by 6000 so far this year.


Tui pointed out that it is unreasonable for dairy producers to fix milk prices. He also pointed out that the 7000 dong per kilo price is much lower than the price of 28,000 dong per kilo at which dairy producers sell products to the market. While farmers have to work hard, they cannot reap the rewards in the production chain.


Tui has warned that if dairy producers continue to keep the milk purchase prices at low levels, they will lose material suppliers, because farmers, due to the low profit and loss, will stop farming.


Source: VietnamNet/Tien phong


 


Source: QDND

Vietnam to facilitate business with Belarusians

In Uncategorized on May 14, 2010 at 4:54 pm




Vietnam to facilitate business with Belarusians


QĐND – Friday, May 14, 2010, 22:30 (GMT+7)

Vietnam is willing to create favourable conditions for its potential businesses to set up cooperative ties with Belarusian partners, said the state leader.


State President Nguyen Minh Triet made the statement at a meeting with Belarusian Prime Minister Sergey Sidorskiy in Minsk capital late May 13.


At the meeting, Triet said he hoped Sidorskiy and the Belarusian government would take measures to support Belarusian businesses in their cooperation with Vietnamese partners in Belarus’ traditional industries such as heavy truck, tractor and mining equipment manufacturing and fertiliser production as well as other sectors Belarus have potentials namely petroleum, finance and banking.


The State leader asked Belarus to consider signing soon a free trade agreement with Vietnam to further facilitate economic, trade and investment cooperation between the two countries.


At present, numerous Vietnamese businesses, including the Vietnam National Coal and Mineral Industries Group and the Vietnam Engine and Agricultural Machinery Corporation, have enjoyed effective cooperation with Belarusian partners.


On the occasion, Triet affirmed that Vietnam always bears in mind Belarusian people’s valuable supports in the country’s struggle for independence and the cause of national construction.


For his part, Sidorskiy spoke highly of the achievements the Vietnamese people had made in the national renewal and construction process, that helped raise Vietnam’s prestige in the region and in the world.


Sidorskiy asked Triet to convey his invitation to visit Belarus to Prime Minister Nguyen Tan Dung.


Source: Vietnam+


Source: QDND