Low purchasing power expected during Tet holidays

14:11 | 19/12/2014 Economy- Society

(VEN) - In an interview with Vietnam Economic News’ reporters Viet Nga and Thu Ha, Chairman of the Hanoi Supermarkets Association Vu Vinh Phu predicted a slump in consumer demand, saying that “People are likely to enjoy leisure activities or travel during the Tet holidays, leading to weak purchasing power.”
Husbandry sector needs flexibility to reduce reliance on imports

10:06 | 19/12/2014 Economy- Society

(VEN) - As of August 2014, Vietnam had spent nearly US$2.21 billion on animal feed and material imports, an 8.6 percent increase year-on-year. The Vietnamese husbandry sector is reliant on imports in terms of animal breeds, feed and veterinary medicine.
Pharmaceutical sector getting established

15:39 | 18/12/2014 Economy- Society

(VEN) - Apart from internal development, Vietnam’s pharmaceutical sector has taken the initiative in international integration to ensure sufficient supply of quality drug and safe and efficient use of medicines, making an important contribution to improving the public health, said Deputy Minister of Health Pham Le Tuan.
Positive changes in the Central Highlands

10:08 | 18/12/2014 Economy- Society

(VEN) - Gia Lai is a province that still has a lot of difficulties in the Central Highlands. Ethnic minorities account for 45 percent of the province’s population and mainly live in remote areas. However, after the three-year implementation of the national program for new rural area construction, the local economy has seen many positive changes. Developing material regions pertaining to the processing industry
Meeting suggests mechanisms to promote agro-processing

14:36 | 17/12/2014 Economy- Society

(VEN) - Along with increased assistance in terms of investment, finance, and technique, international donors and organizations are pledged to work closely with Vietnamese partners to suggest mechanisms to resolve the problems with quality, added value and competitiveness of agricultural products in Vietnam.
Sci-tech helps agricultural restructuring

14:13 | 16/12/2014 Economy- Society

(VEN) - The state needs to considerably improve scientific and technological policies; encourage businesses’ higher involvement in scientific and technological research, applications and transfers in agriculture; apart from this, it is necessary to build closer links between institutes, universities, agriculture promotion centers and enterprises to ensure practical scientific and technological research, said Minister of Science and Technology Nguyen Quan at the Science and Technology Serve Agricultural Restructuring and New Rural Area Construction seminar, which was recently sponsored by the Ministry of Agriculture and Rural Development (MARD) in coordination with the Ministry of Science and Technology (MoST) in Hanoi.
Poor households access better hygiene conditions

15:58 | 15/12/2014 Economy- Society

(VEN) - The East Meets West Foundation (EMW) recently coordinated with the Vietnam Women’s Union to organize a conference to evaluate the two-year implementation of the Community Hygiene Output-Based Aid (CHOBA) program. After the two-year implementation, nearly 74,000 poor households in rural areas have accessed better hygiene conditions.
HCMC expects to surpass GDP target

14:27 | 14/12/2014 Economy- Society

(VEN) - Business and production activities in Ho Chi Minh City (HCMC) improved significantly in November as shown by the increases in export and import revenues, budget remittances, and industrial production indexes.
November CPI slightly decreases

10:04 | 13/12/2014 Economy- Society

(VEN) - The consumer price index (CPI) increases in the last months of the year has often increased in previous years. However, due to abundant supply of goods and a continuous decline of petroleum prices, November’s CPI fell 0.27 percent compared to October.
Transport costs continue to fall

16:27 | 12/12/2014 Economy- Society

(VEN) - As a result of the nine reductions in global oil and petrol prices within the last year, state management agencies have been compelled to intercede and make commensurate reductions to transport costs across the country. The Ministry of Finance (MoF) said it would continue to work with local authorities in inspecting transport enterprises regarding this issue.
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