Posts Tagged ‘goods’

Vietnam is well known as one of the most powerful exporters of agricultural products in the world. However, Vietnamese farmers and Vietnamese enterprises cannot pocket enough money from their exports.

H’Nu is sitting by the loom in her house in Don Village in EaWer commune, Buon Don District in Dak Lak province. When she does not have to go to the rice field, she stays at home to weave blockade products to sell to tourists. Forty kilometers far away from her house, the Buon Ma Thuot Coffee Transaction Centre is operating, where people trade coffee and earn money from the coffee beans H’Nu and her husband harvest. However, she is neither aware or concerned with this. The only thing H’Nu knows is that her husband sold coffee at 30,000 dong per kilo.

H’Nu’s coffee

Daklak, the most fertile land of the Central Highlands, is reputable for endless coffee fields. However, for many years local farmers have experienced difficulties. Sometimes they suffer from the failures of the coffee crop and they do not earn enough money to make living. However, when they have bountiful crops, they are still not satisfied, because the prices always decrease due to the profuse supply.

Every year after the harvesting H’Nu sells coffee to merchants, who then sell the coffee to processors and exporters. The prices depend on the export prices. If Vietnam’s coffee sells for good prices, she will be able to sell coffee at higher prices, and vice versa. The only source that provides information to H’Nu are the bulletins of the Dak Lak television. “I wish the coffee price would stay firmly at 35,000 dong per kilo or higher. Only with that price can we earn enough money to make a living,” H’Nu said.

Other farmers have worries similar to H’Nu. Vietnam now has 561,000 households growing coffee plants, 46 percent of which are poor households, 30 percent of coffee growers are ethnic minorities and 75 percent of these people are poor people.

Many experts believe that Vietnam has enough advantages and potential to boost coffee exports. However, Vietnam’s coffee products have remained in the lower segment of the global value chain.

H/Nu and other coffee growers once put high hopes on sustainable development models for Vietnam’s coffee. To date, Vietnam has not made any considerable progress in implementing the model.

Vietnamese exporters still cannot earn money from added value

The same situation is occurring in other agricultural products, such as peppers, cashews, tea, garments and footwear products. In the global value chain, Vietnamese enterprises can only undertake production phases which contain little added value and the phases which generate most of the profit (processing products, increasing brand value and commercializing products) are undertaken by foreign enterprises.

For example, when making garment products, Vietnamese enterprises only make finished products, which generates the lowest value in the value chain, while other phases of the production chain, including material production, and production commercialization are carried out by foreign enterprises.

Currently, the garment and footwear products that Vietnam export under the mode of FOB accounts for just 20 percent of the garment product value chain. As a matter of fact, enterprises cannot pocket all 20 percent because they have to pay for materials, labor and import taxes.

The problem is that Vietnamese enterprises still lacks the ability to design products that fit the tastes of European and US consumers. Vietnamese enterprises can only suggest ideas, while only importers can complete the designs and make decisions about production. Distribution is also a weak point of Vietnamese producers due to the limitations in experience and capital.

Source: Thoi bao Kinh te Saigon

Source: QDND

▶ Comment

and, during, goods, of, PM, prices, stable, supply, Tet, wants

PM wants stable prices and supply of goods during Tet

In Uncategorized on December 16, 2010 at 9:34 am

Prime Minister Nguyen Tan Dung on November 30 called on ministries, sectors and local agencies to continue to boost production of goods and supply, and ensure a stable market during Tet (Lunar New Year) next February and the first quarter of 2011.

Shoppers at a supermarket in Ho Chi Minh City during Tet last year.

The PM said though the Government has adopted many measures to step up production and ensure price stabilization and the balance of supply and demand for goods and services since the beginning of this year, the consumer price index (CPI) rose to 9.58 percent in November, impacting production and people’s lives.

The CPI of November increased by 1.86 percent over the previous month. This figure was an increase of 11.09 percent over the same period last year.

The national average CPI in 11 months exceeded the annual forecast with a year-on-year increase of 8.96 percent.

At the beginning of this year, the Government targeted a nationwide CPI of eight percent.

PM Dung said the cause of the problem was a few organizations and individuals that did not take price management seriously.

Speculation and groundless rumors about goods shortage and financial situation haven’t been controlled and prevented promptly, affecting implementation of the Government’s measures against inflation and for ensuring social welfare.

He instructed ministers and local authorities to focus on removing legal barriers and create favorable conditions for enterprises to expand production and business to ensure smooth provision of essential commodities like rice, poultry, meat, vegetables, milk, construction materials, medicines and travel services.

He wanted producers to forecast demand to ensure adequate supply nationwide before, during and after the festival.

The Ministry of Finance was assigned to co-ordinate with other relevant ministries and localities to maintain the prices of coal, electricity and petrol.

He wanted the ministry to reschedule adjustment of prices of goods and services that are subject to the State’s pricing control.

He told the State Bank of Vietnam to take strong measures to stabilize the prices of gold and foreign currencies as well as interest rates.

The bank was asked to keep watch on the market and give severe punishments to those who speculate or corner gold and foreign currencies on the market.

The Ministry of Industry and Trade was ordered to adopt solutions to ensure sufficient supply of goods, and encourage enterprises to attend the price stabilization program and expand their distribution systems to rural and remote areas.

He also instructed market agencies to keep a close eye on things to prevent speculation, smuggling, and trade fraud, and apply criminal prosecution if necessary.

Source: SGGP

▶ Comment

2010, Bac, consumer, fair, goods, in, Kan, province

Consumer Goods Fair 2010 in Bac Kan Province

In Uncategorized on November 15, 2010 at 4:00 pm

▶ Comment

festival, goods, of, Vietnamese

Festival of Vietnamese goods

In Uncategorized on November 7, 2010 at 1:20 pm

▶ Comment

allow, civilian, Gaza, goods, into, Israel, More, to

Israel to allow more ‘civilian’ goods into Gaza

In Uncategorized on June 21, 2010 at 12:37 pm

Israel announced it will allow all strictly “civilian” goods into Gaza while preventing certain weapons and dual-use items from entering the Hamas-run Palestinian enclave.

The new policy is a response to mounting calls to ease Israel’s four-year siege on the coastal enclave after Israeli forces killed nine activists during a May 31 raid on a flotilla of aid ships attempting to run the blockade.

“The Israeli government has today taken additional steps to further enable the flow of civilian goods to the civilian population of the Gaza Strip,” said government spokesman Mark Regev.

“From now on, there is a green light approval for all goods to enter Gaza except for military items and materials that can strengthen Hamas’s military machine,” he said.

Palestinian children demonstrate to demand the opening of the crossings and the ending of the siege on the Gaza Strip in Gaza City on June 20, 2010.

The United States welcomed the announcement, saying it strongly backs Israel’s plans to ease the blockade and believes it will greatly improve living conditions in the impoverished enclave.

“We believe that the implementation of the policy announced by the government of Israel today should improve life for the people of Gaza,” White House spokesman Robert Gibbs said in a statement.

“We urge all those wishing to deliver goods to do so through established channels so that their cargo can be inspected and transferred via land crossings into Gaza,” Gibbs said.

“There is no need for unnecessary confrontations, and we call on all parties to act responsibly in meeting the needs of the people of Gaza.”

The announcement came after Israeli Prime Minister Benjamin Netanyahu met Middle East Quartet envoy Tony Blair, who said in an interview on CNN: ” I hope in the next couple weeks they’ll probably double the stuff coming into Gaza.”

Israel will soon publish a list of banned items including “only weapons, material used in combat and problematic dual-use items. All goods not on the list will be allowed into Gaza,” said a government statement.

It will also allow for the “expanded entry of dual-use building material” for projects authorised by the Western-backed Palestinian Authority with “international oversight.”

Authorities plan to expand the operations of land crossings from Israel into Gaza that are currently open and to reopen other terminals if “security demands” are met.

The new plan also aims to “streamline the entrance and exit policy for humanitarian and medical cases.”

Egypt, which has largely kept its own Rafah crossing with Gaza closed since 2006, earlier this month opened it for students, patients, visa-holders, and additional humanitarian aid. Related article: Germany blasts minister’s blocked entry to Gaza

The announcement came ahead of a planned July 6 meeting in Washington between Netanyahu and US President Barack Obama, who has called the humanitarian situation in Gaza “unsustainable.”

The entry of increasing amounts of construction materials for UN projects could allow for more desperately needed reconstruction after Israel’s devastating 22-day offensive launched in December 2008 to halt rocket attacks.

Currently thousands of products — some as banal as toilet paper and ginger — are listed by Israel as constituting a “security” risk and prevented from reaching the territory’s 1.5 million residents.

The list also includes construction materials, such as metal pipes and cement, which Israel fears could be used for building rockets and constructing underground bunkers and tunnels.

Israeli authorities had already expanded the list of permitted goods in recent weeks, allowing in snack foods, condiments and other household items.

Until now most such goods have been brought into Gaza through smuggling tunnels beneath the border with Egypt and sold at inflated prices, while Gaza’s own factories have almost completely shut down.

The border closures came under renewed criticism after Israel’s deadly commando raid on ships trying to run the blockade, in which nine Turkish activists were shot dead.

Israel has argued the closures — imposed when one of its soldiers was seized by Gaza militants in a deadly June 2006 raid and tightened a year later when Hamas took over — are needed to contain the Islamist movement.

Source: SGGP

▶ Comment

Cambodian, goods, market, on, The, to, Vietnamese, way, win;

Vietnamese goods on the way to win Cambodian market

In Uncategorized on April 9, 2010 at 8:45 pm

Vietnamese goods on the way to win Cambodian market

QĐND – Friday, April 09, 2010, 20:56 (GMT+7)

The Vietnamese high-quality and exported goods fair 2010 in Phnom Penh, Cambodia closed on April 7^th.

According to the organising board, during the 5 days, the fair drew some 350,000 local people and the total sales reached US$ 3.3 million, up by 6 per cent against last year.

The organising board also said that more than 60 per cent of Vietnamese businesses have so far set up their distributors or/and retail agents in Cambodia.

Yet, Vietnamese Commercial Counselor to Cambodia, Le Bien Cuong said that there should be 4 major solutions for Vietnamese goods to further enter the local market: favorable tax policies and platforms, good logistics systems (stores, ports, support services…), more professional distribution networks and more effective and regular trade promotion and marketing programs.

Source: TT

Translated by Thu Nguyen

Source: QDND

▶ Comment

before, cost, drop, goods, many, of, Tet, to

Cost of many goods to drop before Tet

In Uncategorized on March 24, 2010 at 4:49 am

Nguyen Thi Hong, deputy chairwoman of the Ho Chi Minh City People’s Committee, led a recent delegation to check up on city enterprises participating in a price-stabilization program ahead of the upcoming Tet (lunar New Year) holiday.

Shopping at a supermarket (Photo: SGGP)

According to the businesses, there will be an ample supply of traditional Tet goods available ahead of the busy season, while the price of many items has declined by up to 10 percent over last year.

At Ho Chi Minh City Food Company (Foocosa)’s FoocoMart on Tran Hung Dao Street in HCMC’s District 1, the cost of essential goods are being kept stable in accordance with Department of Industry and Trade regulations.

Mr. Huynh Cong Thanh, director of Foocosa said the company will provide 2,500 tons of rice at VND8, 000-13,500 per kilo during Tet, and the prices of other essential items at 40 company minimarts will remain fixed.

Director General of the Vinh Phat Investment Joint Stock Company, Tran Ngoc Trung, said his company will supply 2,200 tons of rice at reduced costs of 5-10 percent. However, special types of rice will increase from 10-12 percent.

According to the Phu An Sinh Food Processing company, prices of chicken and pork are down by 10-12 percent in comparison with last year. A kilo of two types of chicken costs VND44,000-80,000 while a kilo of three kinds of pork range from VND35,000-68,000.

Duck and chicken eggs at the Vinh Thanh Dat Company are now sold at VND2,500-1,550, said a company representative, adding that the company may be offered 10 millions of eggs during Tet.

Ms. Hong of the city People’s Committee said the zero percent interest rate on loans given to participating businesses in the Tet price-stabilization program has achieved great successes over the past six years.

Companies have also invested in modern machinery and equipment to efficiently manufacture products that ensure food and safety quality, she added.

City authorities say they plan to develop a price-stabilization program to maintain prices year-round.

Source: SGGP

Bookmark & Share

wiki globe

Vietnam News – Vietnam Information – Vietnam Travel

Posts Tagged ‘goods’

24,650 people in rural areas buy Vietnamese goods

Where are Vietnamese goods in the global value chain?

Source: Thoi bao Kinh te Saigon

PM wants stable prices and supply of goods during Tet

Consumer Goods Fair 2010 in Bac Kan Province

Festival of Vietnamese goods

Israel to allow more ‘civilian’ goods into Gaza

Vietnamese goods on the way to win Cambodian market

Cost of many goods to drop before Tet

Essential goods prices return to normal

Adolescent banned to buy goods in duty free shop

Exchange Link

Recent Posts

Archives