Daily Archives: October 13, 2019

Vietnamese language, culture taught in French university

Paris Vietnamese language and culture have been officially included in the teaching programme of Paul-Valery University, Montpellier 3 in France’s Occitanie region as part of cooperation between the university and the University of Languages and International Studies under the Vietnam National University � Hanoi.

Vietnamese Ambassador to France Nguyen Thiep described this as a big and breakthrough event, saying the course will train young French researchers in Vietnam, contributing to promoting exchanges and cooperation between the two countries.

Some universities in Lyon and Marseille cities have also suggested the exchange of scholarships with the Vietnamese side, according to the ambassador.

Prof. Pierre Journoud of Paul-Valery University, Montpellier 3, who has researched Vietnam as well as relations between the two countries for a long time, laid the foundation for the formation of the training course.

The historian touched upon issues regarding Asia-Pacific and Vietnam’s struggles for national liberation at symposiums, attracting the attention of many French students.

The first Vietnamese language and culture training course at Paul-Valery University, Montpellier 3 will begin in mid-October with the participation of 20 students. /.

Source: Vietnam News Agency

Sympathy to Japan over damage caused by Typhoon Hagibis

Hanoi Prime Minister Nguyen Xuan Phuc on October 13 extended sympathy to his Japanese counterpart Abe Shinzo over great losses in humans and property caused by Typhoon Hagibis.

The same day, Deputy Prime Minister and Foreign Minister Pham Binh Minh sent a message of sympathy to Japanese Minister of Foreign Affairs Motegi Toshimitsu.

Hagibis that hit Japan’s main island of Honshu on October 12 killed 25 and left 15 unaccounted for as of October 13 afternoon, according to Kyodo news agency./.

Source: Vietnam News Agency

Vietnam needs to do more to avoid trade fraud

Hanoi (VNS/VNA) – The steel industry is facing lawsuits against tax evasion and dumping, according to information from the Vietnam Steel Association.

The Trade Remedies Authority of Vietnam said that anti-trade investigation measures against Vietnam’s exports were on the rise.

Products under investigation are mainly iron, steel, fibre, household appliances and electronics. In addition, domestic steel brands have been counterfeited.

Nguyen Van Sua, a steel industry expert, said that many lawsuits against the domestic steel industry in recent years stemmed from the fact that foreign products were transferred to Vietnam for processing and were then labelled as originating from Vietnam.

This example of trade fraud greatly affected Vietnamese goods when they were exported to other markets.

As they evade tax, many steel products imported into Vietnam were cheap compared to domestic products. Therefore, coordination between related ministries and branches would be necessary, he said.

Sharing the view, Dr. Pham Sy Thanh from the Vietnam Institute for Economic and Policy Research, said that it would be a disaster if foreign goods “borrowed” Vietnamese origin, then were exported to other markets.

This would have a long-term negative impact on the whole industry, he said.

In order to effectively handle violations in the origin of goods, Minister of Industry and Trade Tran Tuan Anh directed the Trade Remedies Authority of Vietnam to establish a standing team to increase state management on trade remedies and origin fraud and finalise action plans, coordinating with concerned ministries and branches in implementing them.

The minister also asked C/O (certificate of origin) issuers and customs authorities to tighten the issuance of C/O, as well as strengthen inspections on enterprises with sudden export volume increases.

This was a necessary move to improve the control of goods origin and combat fraud, the minister said.

Nguyen Van Sua said that authorities needed to have policies to protect the domestic market and restrict the import of domestically produced products. In particular, they need to promote the use of trade defence tools and prevent shoddy goods.

However, the core issue lay with the enterprises, which are under pressure from trade remedies, so the initiative in domestic raw material supply plays an important role, according to Sua.

Nghiem Xuan Da, Chairman of the Vietnam Steel Association, said that enterprises must work together and provide information to the association to avoid surging export growth to new markets such as Canada and Mexico when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into effect.

This would reduce losses when countries initiate investigations and apply trade remedies on Vietnam’s exported steel products.

In addition, the authorities needed to strengthen protection of domestic production with technical and trade barriers, he advised.

He advised preventing the transfer of foreign investment into the country with inappropriate technologies which consumed a lot of energy and caused environmental pollution./.

Source: Vietnam News Agency

Beer makers enjoy higher consumption

Hanoi (VNS/VNA) – Alcohol and beer consumption is booming, and local beverage producers are cashing in.

This has attracted increased attention from investors, both locally and internationally, who are looking to tap into the sector.

Vietnamese people consumed 4 billion litres of beer in 2017. This figure is expected to climb to 5.6 billion litres in 2035, according to the Vietnam Beer Alcohol Beverage Association (VBA).

Each Vietnamese person drank an average of 43 litres per year, making the country the third-largest per capita consumer in Asia, just behind China and Japan.

Vietnam was also among the world’s top 15 beer-consuming nations last year.

With 100 million consumers, the market has attracted a number of foreign giants looking for a share of the pie.

Thai giant conglomerate ThaiBev purchased the Ministry of Industry and Trade’s stake in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) in 2017, and currently holds 53 percent of the company’s capital.

Danish brewing giant Carlsberg also wants to invest more in the Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) after becoming a strategic investor in 2008.

Currently, more than 90 percent of Vietnam’s beer market share lies in the hands of Sabeco, Habeco, Heineken and Carlberg.

The remaining 10 percent belongs to local beer companies and newcomers such as Sapporo and Budweiser.

Listed brewery firms have witnessed robust business growth thanks to rising demand.

In the first six months of this year, Sabeco achieved a net revenue of 18.4 trillion VND (787 million USD), up 8.5 percent against 2018. Post-tax profit reached 2.8 trillion VND, an increase of 15.2 percent year-on-year.

Thanks to this result, Sabeco has completed 47.4 percent its revenue target and 59.8 percent of its profit target for the year. The firm expects to exceed these targets in 2019.

Sabeco’s (SAB) stock price has increased by more than 10 percent since the beginning of this year, closing Tuesday at 258,500 VND per share.

Sabeco still pays cash dividends every year. In its consolidated financial statement for the second quarter of 2019, the company had 5.3 trillion VND in cash and cash equivalents, with money estimated at 1.59 trillion VND and cash equivalent at 3.7 trillion VND.

Saigon Beer Western JSC (WSB) also reported positive business results in the first six months. Second quarter revenue reached 266 billion VND, up 10 percent year-on-year, and revenue reached 514.6 billion VND, up 9 percent.

The company’s gross profit margin in the first half reached over 20 percent, a significant increase compared to the same period last year.

Six-month post-tax profit touched 84.3 billion VND, up 27.4 percent against last year. First half’s earnings per share (EPS) reached 4,925 VND.

In 2017, Saigon Beer Western JSC (WSB) paid cash dividends at a relatively high rate of 50 percent, plus a further 40 percent in 2018.

WSB’s undistributed after-tax profit was 230 billion VND, while charter capital was only 145 billion VND.

Due to this huge saving, WSB has attracted many investors who prefer stability and cash dividends.

On the stock market, there are also other beer enterprises with small capital scale but good business performances and high dividend payout ratios.

Ha Long Beer Beverage Joint Stock Company (HLB) has charter capital of only 30 billion VND, but in 2018 it paid a dividend of up to 200 percent, of which 100 percent was paid in cash and the rest in stocks. In 2017, the company paid a 110 percent dividend in cash.

Hanoi � Hai Duong Beer JSC (HAD), with charter capital of 40 billion VND, paid a dividend of 20 percent in 2018./.

Source: Vietnam News Agency

Ninh Thuan province finds goat farming lucrative to expand

Ninh Thuan (VNS/VNA) – Ninh Thuan, the largest goat breeding locality in Vietnam, is expanding its herds as they offer farmers high incomes and it has natural advantages in raising the animals.

Ngo Ty, who breeds goats in Thuan Nam district’s Phuoc Dinh commune, said he used to farm cows and sheep but finally decided to switch to goats because this requires little investment and the animals require less care and get few diseases.

Ty let his goats graze on a hill near home, releasing them in the morning and herding them back home in the late afternoon.

In the beginning he had 10 goats and the number had increased to 60 now, he said.

Earlier this month he sold five goats for meat and earned nearly 20 million VND (860 USD), he said.

Traders buy goats at 100,000-130,000 VND (4-6 USD) a kilogramme for meat and 140,000-160,000 VND (6-7 USD) for breeding purposes.

Females can give birth twice a year, each time delivering two or three kids. Kids reach a weight of 25-30kg in six to eight months and can then be sold, according to farmers.

Many farmers also raise goats exclusively in sheds without letting them out to graze, and this method reduces the period of raising them for meat to between four and six months.

The south-central province has 138,000 head of goats, according to its Department of Agriculture and Rural Development.

Its dry and hot weather is suitable for raising bovids, especially goats.

They are mostly allowed to graze naturally on hills and pastures.

Goats are one of the province’s 12 ‘specific products’.

The National Office of Intellectual Property granted a trademark for Ninh Thuan goats in 2017.

In recent years provincial authorities have been teaching farmers effective goat breeding models.

In Bac Ai district’s Phuoc Trung commune, for instance, the commune farmers association has set up a group with 12 members who raise females for producing kids.

The association helps the members by teaching them breeding techniques and providing market information.

Dao Van Nho, head of the group, said members have an interest in breeding goats and so exchange experiences and help each other with breeding techniques and disease prevention efforts.

So the group is very efficient.

The members have 159 kids.

To improve the quality of goats, province authorities have tightened food safety management and use electronic stamps to trace the origin of goat meat.

The province will continue to help farmers expand efficient goat farming models and teach them breeding techniques, according to the department./.

Source: Vietnam News Agency

Economic zone draws investment from the manufacturing sector

Hanoi (VNS/VNA) – Industrial property in the Northern Key Economic Zone (NKEZ) saw strong development in the third quarter of this year, according to Jones Lang LaSalle firm (JLL Vietnam).

In the first nine months of this year, the occupancy rate recorded in all existing industrial parks (IPs) across the five most dynamic cities and provinces in the NKEZ, including Hanoi, Hai Phong, Bac Ninh, Hung Yen and Hai Duong, averaged 69 percent, an increase of 200 basis points compared to the previous data cycle in the first quarter of this year. The top rates were in Hanoi and Hung Yen.

The NKEZ stands out as having suitable features for enterprises to set up operations, Nguyen Hong Van, JLL Vietnam’s Director of Markets, said at a this week press conference in Hanoi.

Up to the third quarter of this year, the total leasable industrial land area stood at 9,371ha, of which the largest supply was in Hai Phong, followed by Bac Ninh, according to JLL Vietnam.

Bac Ninh and Hai Phong, the two leading industrial markets still have sufficient vacant land areas to capitalise on rising demand.

Further, new supply from subsequent phases of existing industrial parks and newly developed ones in strategic locations have also offered more options, making these two provinces the most desirable areas in north Vietnam, she said.

The average industrial land price in the third quarter hit 95 USD per sq.m per lease term, an increase of 6.7 percent year on year (y-o-y), Van said.

Aside from Hanoi as the economic centre with the highest price, Bac Ninh and Hai Phong still post leading prices thanks to their strong industrial foundation with well-known tenants, strategic location and established infrastructure.

Hai Duong and Hung Yen still kept their prices at reasonable levels. Average monthly rents for factory ranged from 4-5 USD per sq.m per month. This rent remained flat compared to the first quarter.

The strong development in the manufacturing sector across provinces has also brought with it the great potential for the establishment of other real estate sectors. This has been proven by strong investment pouring into the real estate market in the northern provinces as witnessed recently.

With an increasing proportion of FDI pouring into the north over the past decade, Hai Phong, Bac Ninh, Hung Yen and Quang Ninh are also fast becoming focal points for investment apart from Hanoi, according to JLL Vietnam.

The BCI Asia statistic shows that, after Hanoi, Hai Phong, Bac Ninh, Quang Ninh and Hung Yen are the top provinces in terms of the number of real estate developments. Apart from Quang Ninh, well-known for its Ha Long Bay and Van Don Special economic zone, the other three provinces have consistently led the north regarding industrial developments.

Bac Ninh and Hai Phong markets are strongly driven by residential projects being developed to capitalise on the growing housing demand from an increasing number of migrants and expats working in the provinces.

Unlike Bac Ninh and Hai Phong where most developments are concentrated in the city centre, most projects in Hung Yen cluster along its boundary with Hanoi, to benefit from the existing demand in this big city. Home to Ha Long Bay, Quang Ninh has been on the radar of many well-known developers, focusing on vacation and tourism-related properties.

About 615 ha is planned to be launched during the next 12-month period. Steady price growth for industrial land in the North of Vietnam is expected through this year end due to strong investor appetite. New investors, largely from Asian countries such as Japan, the Republic of Korea and China, will remain keen on Vietnam’s industrial property./.

Source: Vietnam News Agency