Opportunities to invest in VN agricultureThe Viet Nam Rubber Group (VRG) plans to equitise along with 20 of its subsidiaries in the third quarter of this year. The Viet Nam Southern Food Corporation (Vinafood 2), whose plan to equitise was approved by the Government, is set to equitise in the fourth quarter. VRG and Vinafood 2 are among several large companies under the agriculture ministry due to go public this year. Others include Agriculture Materials Company, Vinafood 1, Viet Nam National Coffee Corporation, and Ha Long Fisheries Company. In the first quarter the ministry will disinvest from several companies: Viet Nam Fisheries Corporation, Sugar and Sugarcane Company, and Viet Nam Maize Development and Investment Company.
Government announces large-scale agricultural divestmentInvestors can look forward to plenty of opportunities as Vietnam Rubber Group (VRG), Vinafood 2, and many more companies where the Ministry of Agriculture and Rural Development (MARD) represents the state holding, will put up to 100% stake up for public auction in 2017. According to the recently released schedule by the MARD, in 2017, Vietnam General of Agricultural Materials Corporation Limited will continue its equitisation process. Vinafood 2 is resolving its financial, land, and labour problems and the State Audit of Vietnam has finished its valuation. The MARD is also going to soon finish the valuation of Vinacafe, Vinafood 1, and Halong Seafood Co., Ltd. In total, in the 2017-2020 period, the government is going to sell VND2.19 trillion (US$96.4 million) worth of agricultural company stakes at book value.
He went on to say that Việt Nam should become the world’s shrimp production base. Besides, global seafood exports now are worth around US$130 billion, with shrimp accounting for only around 10 per cent or $13 billion, they said. For Việt Nam to achieve the $10 billion export value by 2025, it would have to both increase shrimp output and value addition of shrimp products. Experts calculate that if the added value of shrimp is doubled by 2025, the country would earn $6 billion from exports. Some analysts concurred with Phúc, saying Việt Nam’s shrimp industry has all the conditions necessary to develop and become the world’s shrimp production hub.
Market analysts forecast the benchmark VN Index may move between 700 and 710 points this week. — Photo tienphong.vnHÀ NỘI — The VN Index could move between the 700-710 point level this week on profit-earning after it corrected from a positive run in the post-Tet period, according to market analysts. Market trading liquidity also remained positive compared to the previous trading week. Other securities firms also agreed that the stock market this week will be steady at the range of 700-710 points before rising again. “The VN Index could fall back to 700 points early this week, and then rise back to 710 points,” Maritime Securities Inc said in a report.
Local drug firms captivate foreign clients with profits2016 was a profitable year for Vietnam’s biggest pharmaceutical firms, making the lucrative industry more appealing for international groups. Remarkably, TRA’s revenue from the over-the-counter (OTC) market ascended 18 per cent to nearly VND1.3 trillion ($59 million). The firm saw net profit and revenue rise 18.04 per cent and 4.5 per cent to VND168.5 billion ($7.66 million) and VND1.29 trillion ($58.6 million), respectively. Buoyed by their 2016 profits, these drug markers have higher business targets for 2017. “Lifting the foreign ownership cap in the pharmaceutical industry would send another positive signal to foreign investors.
HCM CITY – Việt Nam has been ranked 86th out of 118 countries in the annual Global Talent Competitiveness Index, which measures how countries grow, attract and retain talent. The latest report explores the effects of technological changes on talent competitiveness, arguing that while jobs at all levels continue to be replaced by machines, technology is also creating new opportunities. According to the report, Việt Nam scores relatively better in global knowledge skills (i.e. “In recent years, the young and enthusiastic Vietnamese entrepreneurs have introduced new technology and platforms that disrupted the traditional norms. Việt Nam ranked 82nd out of 103 countries in the first edition and 82nd out of 109 last year.
The word “lake” conjures up images of tranquility, but not so in Hà Nội. One relatively common condition pediatricians see in their offices is called posterior nasal drip, or postnasal drip. Before coming to Hà Nội I would usually see one case of postnasal drip in a week or two. Constant chemical irritation of the airways leads, among other things, to chronic inflammation, which subsequently leads to postnasal drip. I usually see two to four children with postnasal drip a day, making it about 15-20 times more than I was accustomed to.
Opportunities exist for rice exports in high-end marketVietNamNet Bridge - Experts believe that Vietnam should focus on producing high-quality rice instead of striving to earn money from selling low-cost rice products. Low prices won’t be the ‘weapon’ for Vietnam to compete with Thailand in the world market, especially in Africa and China, which favor low-cost products. However, in recent days no contracts have been signed.Don attributed this to the increase in domestic and export prices compared with pre-Tet days. In general, farmers can get 0.7-0.8 tons of paddy from every 1,000 square meters. China, South Korea, Singapore and the EU have high demand for high-end products.
Three fish species known as ‘sea monsters’ in danger of extinctionVietNamNet Bridge - Ca ho (Catlocarpio siamensis), vo co (Pangaius sannitwongsei) and tra dau (Pangasianodon gigas) living in the Mekong Delta are all large-size fish which can reach 300 kilos in weight and three meters in length. Ca ho (Catlocarpio siamensis), vo co (Pangaius sannitwongsei) and tra dau (Pangasianodon gigas) living in the Mekong Delta are all large-size fish which can reach 300 kilos in weight and three meters in length. Though the fish is big, it only eats aquatic plants to live.It is nearly impossible to find tra dau fish in Vietnam in recent years. In fact, some restaurants in HCMC and Mekong Delta still serve dishes made of tra dau, but analysts say the fish are sourced from Cambodia. Farmers in Mekong Delta sometimes catch the fish weighing 130 kilos.
Education Ministry plans to expand advanced training programVietNamNet Bridge - Most of the students following the advanced training program have been able to find jobs after graduation, according to a report from the Ministry of Education and Training (MOET) that reviewed the eight-year program implementation. 23 universities in the country have been applying 35 training curricula designed by 22 universities around the world. They are also dynamic and self-confident in working in an international environment.More than 40 percent of advanced program graduates continue studying to become university lecturers or researchers, thus helping improve the staff at universities and research institutes. However, the achievements remain modest.In order to attract foreign students, Vietnam needs to prove the high quality of training. It also needs to create favorable conditions for foreign students to live and study in Vietnam.When asked to what scale MOET plans to extend the advanced program, Nha said this would depend on efficiency and sustainable investment orientation.
MOGADISHU — At least 20 people died on Sunday when a car bomb exploded in the Somali capital, as Shabaab Islamists threatened to escalate attacks in a "vicious war" against the new government. The president, via Twitter, described the attack as "horrific" and shared pictures of himself visiting victims in hospital. Local media also reported he had offered a $100,000 reward for information on who carried out the attack. AU troops drove Shabaab militants out of Mogadishu in August 2011 but the fighters continue to control rural areas and launch repeated attacks in the capital. "I need the Somali public to understand how much the government is in need of their support.
HÀ NỘI — The ministries of industry and trade and finance on Saturday raised retail petrol prices for the first time in 2017. The two ministries also decided to reduce the use of the petrol price stabilisation fund for RON92 petrol and E5 bio-fuel. According to the ministries, retail petrol prices were increased because the average global petrol prices in the 15 days prior to Saturday was about $68 for each RON92 barrel and about $66 for each 0.05S diesel barrel, an increase of $1 from the last adjustment. This was also the first time this year that retail petrol prices were increased after they had remained unchanged after three revisions. Last year, petrol retail prices were adjusted 24 times, increasing 13 times by a total VNĐ6,000 per litre, decreasing nine times by a total of VNĐ4,463 per litre and remaining unchanged twice.
BONN – Deputy Prime Minister and Foreign Minister Phạm Bình Minh has called for the adherence to international law and the promotion of multilateralism for peace and sustainable development in his speech at a session of the G20 Foreign Ministers’ Meeting in Bonn, Germany. International law is a crucial factor to ensure a stable international environment, and the respect to and compliance with international law is the prerequisite for sustainably keeping peace, he stressed. Minh requested the G20 members, which are the world’s biggest economies, to have more concrete and constructive contributions to global peace and security. They urged all countries to take concrete and responsible actions to carry out the 2030 Agenda for Sustainable Development. Participants in the event said supporting African nations to maintain peace, stability and development is important to consolidating peace, stability and development around the globe.
Phnom Penh – Governor of the State Bank of Vietnam (SBV), Lê Minh Hưng, and Governor of the National Bank of Cambodia (NBC), Chea Chanto, have agreed to step up co-operation between the two banks. At a conference by SBV and NBC in the ancient city of Siem Reap last week, both sides agreed to holding an annual conference and increasing co-operation to implement agreements on border trade payments, banking supervision, anti-money laundering and fighting counterfeiting. They also agreed to speed up co-operation with counterparts in Laos and Myanmar. In addition to assistance in university education, SBV will provide an additional 15 post-graduate scholarships for Cambodian graduates in banking a year from 2017. The two sides committed to making it easier for commercial banks to establish partnerships and commercial presence in the respective country, towards spurring growth in the banking system and better serving the operations of respective businesses and investors.
BUSINESS IN BRIEF 19/2Australian state invites Vietnamese investorsThe Australia Vietnam Business Council (AVBC) and Canberra University recently held a workshop in Sydney to call on Vietnamese businesses to make investment in Australia’s New South Wales. President and founder of the AVBC Laurence Strano said the programme aims to encourage Vietnamese enterprises to do business in New South Wales. Vietnamese farmers and cooperatives should keep the trust of customers and think of long-term business and farming targets. In 2016, Vietnam produced around 400,000 cars, while its neighbors Thailand and Indonesia made 2.3 million and 1.5 million cars, respectively, according to EU-ASEAN Business Council. Vietnam agreed to import RoK strawberries in 2016 after years of negotiation on quarantine issues between the two sides.