At this time, coffee farmers in Binh Phuoc, Dong Nai and Dak Nong provinces are entering harvest season. However, despite of a bumper crop, farmers are unhappy as the price of coffee is extremely low, causing them to be unable to cover investment and caring costs and the risk of a shortage of capital for next crop.
As of early December 2019, Vietnam’s textile and garment sector has only reached one third of the US$40 billion export turnover goal set for 2019, failing to capitalize on the several free trade agreements (FTAs).
The merger and acquisition (M&A) market in banking industry in the first half of this year has received new signal when Korean bank, Keb Hana, officially became a major shareholders of BIDV in early November with a record M&A deal in the banking industry worth more than VND20 trillion (nearly US$890 million).
Thousands of people are pouring money into condotel projects with hopes of getting the 8-12 percent interest as promised by owners, despite a nearly non-existent market and undefined legal rules for this type of building.
Pork makes up around 80 percent of Vietnam's total meat consumption; accordingly, the African Swine Fever has created a headache for a country where pork is a staple of the diet. The husbandry sector is taking heed of increase in poultry flock and other meat to satisfy the demand of meat in the upcoming Lunar New Year.
The Vietnam Plastic Association (VPA) has recently sent an official dispatch to the Ministry of Finance and the Ministry of Industry and Trade to propose to keep import tariff of polypropylene (PP) plastic material at 3 percent instead of increasing it to 5 percent.