According to the Association of Vietnam Retailers, in the past years, the food processing and packing industry in Vietnam has developed with a growth of 15-20 percent per year and is forecast to continue to grow in the near future.
The General Department of Taxation announced that it will merge 207 tax departments into 98 regional tax departments in the third phase of this year and these new regional tax departments will start operation from October 7 this year.
Although stocks on the unlisted public company market (UPCoM) contain many risks, surprisingly, the number of companies increasing was not less than those of two trading floors HOSE and HNX. Whether the fact that many large-cap stocks still stayed on the UPCoM attracted foreign investors or a wide trading range helped the UPCoM to bring higher profits?
In 2018, the prices of pangasius fish fluctuated at VND29,000 per kilogram and sometime in September and October jumped to VND34,000-VND36,000 per kilogram, helping export turnover of pangasius fish to reach VND2.26 billion, up 26.5 percent. However, in the first eight months of this year, the situation was fairly gloomy.
According to the Ministry of Finance, by August 30, 2019, disbursement of official development aid (ODA) and foreign concessional loans was merely at VND6.48 trillion, accounting for 10.7 percent of the target of VND60 trillion, set by the National Assembly of Vietnam (NA).
In the past three years, The Vietnam Improvement Program, an International Finance Corporation’s initiative to improve resource efficiency in the local apparel, textile, and footwear sector, has supported 82 factories to invest US$37 million in resource efficiency measures, helping them to save $30 million annually by using less water, energy and chemicals.
Minister Tran Tuan Anh of the Ministry of Industry and Trade said at a conference held on September 13 in Hanoi that the country will overcome difficulties and seek for solutions to sustainably export agricultural and aquatic products to China.
The prices of dragon fruits in 2018 and in the first nine months of this year have always been at lower level in comparison with those in previous years. Especially, the price has dropped drastically as dragon fruits have recently been neglected by Chinese market. However, farmers still grow and continue to expand the area of dragon fruits though the price of dragon fruits continuously declines.