Home Feedback Language

Personal tools

Newsletter Issue 62 (15 August 2011 )

VN businesses fight anti-dumping cases in EU

New progress as well as the impacts and influences of anti-dumping and anti-subsidy policies on export goods to the European Union (EU) were discussed at a seminar in Ha Noi on July 7.

The seminar was part of the Viet Nam Chamber of Commerce and Industry (VCCI) international trade policy and business programme, within the framework of Phase III of the EU-Viet Nam Multilateral Trade Assistance Project.

At the seminar, Dr Pieter Jan Kuijper, former Director of the External Relations and International Trade team of the Legal Service of the European Commission, said that the EU has been and is one of the most important export markets for Vietnamese goods. Viet Nam?s export businesses should closely monitor new EU policies and take logical and prompt measures to ensure sustainable development of Viet Nam?s exports to the market, he said.

The EU has so far filed 10 anti-dumping lawsuits to take the lead in using this measure against Viet Nam?s export goods, said the seminar. The EU is likely to make considerable changes in regulations imposed on anti-dumping measures, in a complicated and long-term manner, said Kuijper.

It was likely to carry out dual investigations on anti-dumping and anti-subsidy against foreign goods, which, he said, was a new regulation.

At the event, the Trade Remedies Council under VCCI provided consultations to associations and businesses on risks and measures to cope with anti-dumping and anti-subsidy cases and defence overseas.

Cassava plantations to fuel ethanol production

Viet Nam possesses great natural advantages for cassava cultivation. Therefore, the country has great potential to produce competitively priced ethanol.

The National Institute of Agricultural Planning and Projection (NIAPP) under the Ministry of Agriculture and Rural Development (MARD) reported that the cassava cultivation area nationwide totaled 496,000 ha. Except rice, cassava is a key export product with the volume of 4-4.5 million tones per year, valued at US$800 million.

Phan Dang Tuat, the director of the Industry Policy and Strategy Institute under the Ministry of Industry and Trade said that many areas in Viet Nam are suitable for productive cassava cultivation as Viet Nam is a tropical country. In addition, capital investment in cassava is as half the investment needed in sugar cane and two thirds that required for rice paddy. With such advantages, Viet Nam can develop major cassava cultivation areas and enhance its competitive capacity based on scale after 2020. In the next five to ten years, no other crop can replace cassava in ethanol production.

He affirmed that natural advantages and the particular strength of each region offer competitive capability that other regions lack, however, Viet Nam has invested little in ethanol production.

By the end of 2012, Viet Nam will have six ethanol production mills with total design capacity of 550 million liters per year. These ethanol mills when operational will need about 3.5 to 3.7 million tonnes of fresh cassava a year.

According to Pham Huy Thong, deputy director of the Crop Production Department (MARD), it is necessary to increase cassava yield in material regions and develop a mechanism to reconcile the benefit of farmers and production units. (VEN)

Vietnamese LED production lights the way

Despite being located in a hidden away booth at the third Environment and Energy Technology International Exhibition (ENTECH 2011) the LED stall of "ozone old man" Nguyen Van Khai remained crowded. People were curious about the old doctor with white hair, chubby body and easy smile as he spoke passionately about his products.

With a series of successful projects such as agriculture and school lighting, his name was linked to hundreds of products such as anti-moisture compact lights for agriculture, fluorescent electrical energy efficient lights for schools, street lights, and ozone lights. At his age, most people expected that he'd want to stop and rest, but the endless fascination with solar batteries, lighting products and the concern how to create much more useful products made him study, manufacture, research, learn and continue success with his own made-in-Viet Nam LED products.

"People around the world used LEDs to replace compact, fluorescent lights a long time ago, not because compact and fluorescent lights are toxic, but because the fluorescent performance of LEDs are superior. LEDs don't burn and fall apart despite intermittent power supply; they can create different shapes for different purposes such as street, household and advertising illumination. In particular, LEDs radiate less energy; saving about 30- 90 percent of use compared with light bulbs, and their longevity is about 50,000 hours". Pointing to two flower baskets placed in two rooms, one room was illuminated by LEDs, another illuminated by fluorescent lights, he demonstrated "Shining actual light is the most special point of LED, like sunlight, making colors under LED become more realistic. This is the key to saving users' eyes.

Making products is difficult, and popularizing these products is even more difficult, with the biggest barrier being price. With prices about 8 - 10 times higher than normal lighting products, not everyone is willing to spend money to use these products. Therefore, not many enterprises are interested in making these products.

"It is very difficult to popularize Vietnamese LEDs to consumers and make energy-saving a regular habit. The participation of the State, scientists, enterprises and citizens is needed. Currently, compact light bulbs have energy labels which have helped curb the chaos in the compact light market. LEDs are no different. Quality control process which is well implemented will help enterprises invest, undertake research, produce and discover the technology to make product prices cheaper and suitable for Vietnamese consumers," he shared.

Banking and finance  
Nexus international experience enables success in capital market

Nexus brings a combination of 50 years of international advisory experience to help clients reduce cost, increase productivity and enhance governance. Delivering services under the relevant service line (Investor Relations, Financial Advisory, Capital Markets), the firm works closely with clients to create effective strategies and design efficient structures and processes to support the delivery of strategic goals, and assists managing and measuring strategic transformation in the most optimal manner and with minimal disruption to clients? operations.

Nexus helps clients initiate and accomplish changes through an integrated approach methodology encompassing people-process-technology to bring about cost savings, efficiency enhancement, and risk mitigation to their businesses. Its ability to identify and analyze industry consolidation trends helps clients achieve their business objectives effectively and efficiently.

Leveraging upon professionals? in-depth industry insights, an extensive international and local distribution network, and superior capital markets expertise, Nexus enables clients access the capital needed to fund their strategic business initiatives. The firm acquires institutional relationships, the execution capacity and a keen understanding of the local markets that are essential in a fund-raising partner.

Promising industrial gateway for manufacturers

Viet Nam Manufacturing Expo 2011, Viet Nam's largest and most comprehensive show for industrial parts manufacturing, will link 8,000 industrialists in the industrial parts manufacturing sectors in Viet Nam with state-of-the-art innovations and technologies from 200 exhibitors from 20 countries.

The event consists of 4 international exhibitions; namely ?InterPlas Viet Nam? (for plastics and rubber manufacturing,) ?InterMold Viet Nam? (for mold and die making,) ?Automotive Manufacturing Viet Nam? (for automotive parts manufacturing) and ?Automation Viet Nam? (on industrial automation and assembly technologies.) It promises to be an interactive ground facilitating Vietnamese industrialists to discover new technologies that will offer the next level of productivity, collect new knowledge and new ideas, and expand business network.

Even more business opportunities will be discovered as the show will be co-located with "Electronics Assembly 2011," International Machinery Expo for Electronic Parts and Components Manufacturng" where industrialists in the electronics sector will come upgrade their technologies, productivity, and knowledge.

To be held alongside the exhibition are technical conference sessions that will complete the visitors? learning experience. Technology and industry experts will fly in to Viet Nam for the purpose. Networks will be created and bonded in between.

Garment and textiles  
VIFF grabs more opportunities for producers and buyers

Viet Nam International Fashion Fair Ho Chi Minh City 2011 (VIFF HCMC 2011) - an annual preeminent fashion event of Viet Nam will be held by Viet Nam Textile & Apparel Association (VITAS) in cooperation with The Viet Nam National Textile & Garment Group (VINATEX) and Viet Nam Leather & Footwear Association (LEFASO) from 31 October to 6 November 2011 at the Ho Chi Minh City International Exhibition & Convention Center (?HIECC?) - 446 Hoang Van Thu Street, Tan Binh District, Ho Chi Minh City, Viet Nam. The goal of VIFF HCMC 2011 is to connect and benefit all the local and international textile - apparel - fashion industry community.

For recent years, ?made in Viet Nam? fashion products are considered by international buyers as creative designed, high quality and reasonable price. Total export turnover of textiles and garments industry of Viet Nam contributed US$ 11,21 billion to the country?s revenue, while that number of leather luggage, bags and shoes industry is US$ 6,09 billion. VIFF 2011 creates opportunities for top textile and garment manufactures; leather and footwear companies; accessories suppliers from Viet Nam and Asian countries; designers with their well-known brands to meet in a dynamic atmosphere. More over, VIFF 2011 is also an opportunity for all enterprises to introduce their products and export capacity; reflecting the latest development of Vietnamese fashion in the international integration.

VITAS respectfully invites the enterprises to attend this event to offer products to buyers and raise your company?s profile in the global fashion industry and to increase added value to your brands. VIFF 2011 will be an international trading platform that aims to showcase and promote a wide range of products and services as well as create a venue for sourcing.

Viet Nam to build Southeast Asia?s major transit airport

The southern province of Dong Nai plans to open Southeast Asia's new main transit airport in 2020, local authorities announced Friday.

According to the plan, work on Long Thanh International Airport will start in 2015 with an initial investment of over US$6.75 billion. The first phrase is scheduled for completion in 2020 and the airport will be able to admit A380-300 airplanes or those of a similar size, investor Viet Nam Airlines Corporation said. It then will be able to serve 25 million passengers together with 1.2 million tons of goods per year, the company said.

However, its capacity will be improved to 100 million passengers and five million tons of goods per year when all the three phrases are completed in 2030, according to the plan.

Minister of Transport Dinh La Thang said many railways and roads will connect to the airport, some 40 kilometers from Ho Chi Minh City?s center. New roads and rails will also be built to accommodate the new hub, he said.

In a report on Saturday, Tuoi Tre quoted authorities in HCMC as saying that Tan Son Nhat International Airport, which is currently Viet Nam?s largest, will continue operating, even after Long Thanh airport opens. (Thanh Nien)

Expanded e-customs procedures urged

The expansion of electronic customs procedures should include special preferential businesses and the application of digital signatures in the exchange of electronic information, said Nguyen Tran Hieu, deputy head of the Department of Customs Information Technology and Statistics.

By 2015 the sector will have received information on electronic customs clearance (e-Declaration), and basic information on declaring goods and relevant documents to gradually shift to clearing customs before the arrival of goods (e-Manifest).

By then the sector will have managed and exchanged information on permits (e-Permit), electronic Certificate of Origin (e-C/O), electronic tax payment (e-Payment), and electronic office management (e-Office).

The ultimate aim is to become a customs agency that can meet demand anywhere around the clock by 2020, he said.

It will also lay the foundation for implementing the national and ASEAN one-stop shop mechanism, and international commitments to which Viet Nam is a party, leading towards building a modern and professional customs agency, Hieu said.

E-customs enables businesses to fulfil customs procedures right at their company's office via the internet, instead of at customs agency office. If the goods are classified in the green zone, then businesses can themselves print out customs clearance orders for delivery of goods at port.

Cao Thi Kim Lan, director of Binh Dinh Seafood Export Joint-Stock Company, said her company plans to participate in a training course in e-customs procedures after receiving a request from the provincial customs department.

"The company imports and exports a large volume of commodities every year, so applying e-customs will surely further facilitate the business operations of the company," she said. (Vietnam+)

Created by phucdai
Last modified 25-08-2011

Copyright by VietNam Ministry of Foreign Affairs