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Reasons shown for fertilizer price hike

HCMC – The surge in fertilizer prices last year prompted a heated debate in local media but that was a trend in the last few years. On average, the retail price of Dam Phu My urea rose 40% last year,...

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Plan of discordance

When the Transport Ministry announced last week a cost-extensive plan to spend some VND12.2 trillion, or nearly US$600 million, to build the new headquarters for the ministry as well as its affiliated...

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Pig farmers in crisis

Pork is sold at a market - - Photo: Minh Tam CAN THO/HCMC – Constant pig price drops over the last six months have placed a heavy burden on the shoulders of farmers in the Mekong Delta. “I have been a...

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First realty project benefits from VND30-trillion loan scheme

Hoang Ha Tri (L), deputy general director of Nam Viet Company, shakes hands with Nguyen Ngoc Thanh Chung, deputy general director of Khang Gia Company, at the Khang Gia Tan Huong project distribution...

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Sugar oversupply estimated at 300,000 tons

HCMC – Sugar output in the 2012-2013 crop is about 1.55 million tons, possibly making 300,000 tons of this volume redundant, said Nguyen Thanh Long, chairman of the Vietnam Sugarcane and Sugar...

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Inter-bank rates hit four-month low

HCMC – Inter-bank interest rates for Vietnam dong have hovered around 1.5% per annum this week, marking the four-month low. According to Reuters and commercial banks, this rate is the second lowest...

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Ministry seeks livestock investment

HCMC – The Ministry of Agriculture and Rural Development will provide incentives for foreign enterprises investing in the local livestock industry, especially in centralized husbandry areas. Despite a...

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Dropping rice prices deal blow to intermediary traders

HCMC – Information about the slowing tempo of rice export has pulled down the local prices drastically, hitting intermediary rice traders hard despite their proactive steps in the market. Since...

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Farmers unhappy despite bumper rice crop

CAN THO – Farmers are complaining about low paddy prices that almost wipe out their profits despite the bumper crop in this summer-autumn season whose harvest has started in the Mekong Delta. In Dong...

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Low input costs drag down animal feed prices

HCMC – Several livestock feed producers are about to cut feed prices by VND160-200 per kilo owing to lower input material costs, and this trend will likely continue until end-June, the Vietnam Animal...

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Cashew prices may plunge deeper

HCMC – Raw cashew prices in the southeast region may plunge to under VND20,000 per kilo, or a hefty drop of VND15,000 a kilo against last year’s average, since many processors have planned to stop...

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Chinese chickens invade local market

HANOI – While local chicken prices are falling dramatically, Chinese chickens keep illegally flowing into Vietnam, dragging down domestic prices further. It is noted with concerns that chickens from...

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Ministry wants rice price raised to back farmers

HCMC – The Ministry of Finance has fixed the average production cost for a kilo of rice in the Mekong Delta in this year’s summer-fall crop at VND3,993, meaning traders must purchase the food staple...

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Q3 business positive for consumer goods makers

HCMC – Many listed consumer goods companies earned huge profits in the third quarter owing to efforts to cut costs, with several of them beginning to make profits again after suffering losses for a...

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EVN repays part of debts to PVN, Vinacomin

HCMC – Vietnam Electricity Group (EVN) has paid back over VND2 trillion of overdue debts to Vietnam Oil and Gas Group (PVN) and Vietnam National Coal and Mineral Industries Group (Vinacomin). “After...

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Q1 farm produce exports drop sharply

HANOI/CAN THO – Major export agro-products like rice, coffee, and rubber have recorded a strong decline in both export value and volume in the first quarter of 2012. The export value of...

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Foreign investors still flock into animal feed industry

HCMC – Despite the on-going difficulties of the local livestock industry, foreign investors have still found investment into animal feed production lucrative in the context that the local supply is...

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Rice export floor prices ignored by firms

HCMC – Although the Vietnam Food Association (VFA) has repeatedly regulated floor prices for export rice to prevent a price slide and protect the domestic market, this policy is ignored by many food...

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200 photographers’ works on display at city museum

A visitor inspects photos at the HCMC FIne Arts Museum in HCMC’s District 1 - Photo: My Loan The stunning and emotional works of 200 photographers are currently on display at the HCMC Fine Arts Museum...

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Rising costs menace tra fish farming

HCMC – The local tra fish industry are under the menace of shrinking profits given rising input costs while export prices will barely increase, said Duong Ngoc Minh, vice chairman of the Vietnam...

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