(VOV) -The Construction Ministry predicts that Vietnam’s total consumption of cement will see a year-on-year increase of 3% and reach 63 million tonnes in 2014.
(VOV) -The Vietnam Food Association (VFA)has proposed the government allow businesses to purchase an additional 300,000 tonnes of rice from farmers to stabilise its prices in the domestic market.
(VOV) -Vietnam has earned US$1.350 billion from 2.969 million tonnes of rice exported since early this year.
(VOV) -Domestic businesses which can stand firm against all odds deserve a medal.
(VOV) - Panasonic Appliances (PAPVN) has officially inaugurated its washing machine factory in Thang Long II Industrial Park in the northern province of Hung Yen.
(VOV) - Vietnamese dried fruit manufacturer Vinamit has won a four-year lawsuit against its former Chinese distributor who stole its brand name for the dried jackfruit chip product in China.
Vietnam has exported more than 5.1 million tonnes of rice since the beginning of this year, earning over US$2.26 billion, according to the Vietnam Food Association (VFA).
The wholesale price of pepper on the domestic market currently hovers between VND118,000-122,000/kg (US$5.5-6/kg).
Under its commitments to the Protocol of Common Effective Preferential Tariff (CEPT), Vietnam’s import tax on motor vehicles will be cut to 50 percent in 2014 and to zero percent in 2018, which will seriously affect the development of Vietnam’s automobile industry and domestic market.
Vietnam shipped 184,558 tonnes of rice to overseas markets in the first 20 days of January, earning US$103.308 million.
An online conference was held in Hanoi on October 6 to discuss measures to ensure a balance between supply and demand to stabilize the prices of commodities.
Despite facing numerous difficulties with seafood exports, many businesses are still not paying due attention to the domestic market.
Deputy Minister of Industry and Trade Nguyen Cam Tu has urged businesses to focus on the domestic market to stimulate consumer demand and maintain the country’s economic growth.
Since the beginning of this year, Prime Minister Nguyen Tan Dung has called for expansion of the domestic market. Most recently, he approved a demand stimulus package to support local enterprises in maintaining their production and to boost domestic consumption.
During the current global economic slowdown, many Vietnamese businesses who find it difficult to export their goods are turning to the domestic market in the hope of riding out the storm.