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December 18

Released at: 10:50, 18/12/2017 PRESS WATCH

December 18

VET's round-up of news from Vietnamese media for December 18.

Amazon to proceed with Vietnam plans

E-commerce giant Amazon is proceeding with its ambitious business plan in Vietnam, following Alibaba’s footsteps, said Mr. Nguyen Thanh Huong, Chairman of the Vietnam E-commerce Association (VECOM). During a meeting between VECOM and representatives from the Amazon Group last week, the firm set its eyes on the new up-and-coming market in Southeast Asia and walked those in attendance through its strategy to approach customers in the country. “Amazon’s strategy consists of two steps. They want to export goods to Vietnam and then import goods from the country. They also want to support Vietnamese small and medium-sized enterprises (SMEs) to export on Amazon,” Mr. Hung said, adding that this move should be considered a good sign for Vietnam’s SME community.

$4.4 billion needed for Bac Van Phong Special Administrative-Economic Unit

The People’s Committee of the south-central province of Khanh Hoa has estimated that more than VND100 trillion ($4.4 billion) is needed to develop infrastructure for the Bac Van Phong Special Administrative-Economic Unit by 2025. Developing technical infrastructure requires VND53 trillion ($2.3 billion). The money would be spent to build a road network, a 20-km railway line from Van Phong Port to the station of the North-South railway line, power networks, water supply networks, and waste treatment systems.

Vinasoy opens third plant

The Vietnam Soya Products Company (Vinasoy), launched its third plant, costing VND900 billion ($39.6 million), in the southern province of Binh Duong on December 14. Located at the Vietnam-Singapore Industrial Park 2A, the facility covers 8.5 ha and has a designed capacity of 180 million liters per year. Its first phase will yield 90 million liters annually, bringing Vinasoy’s total output to 390 million liters per year.

Star apples heading to US

The Plant Protection Department at the Ministry of Agriculture and Rural Development will coordinate with the Cat Tuong Agricultural Products Producing and Processing Co. on December 26 to ship the first batch of 1,000 kg of star apples to the US. Mr. Le Van Thiet, Deputy Director of the Department, said that Vietnamese star apples have to satisfy three requirements to be shipped to the US. The fruit must be planted in coded areas and such areas, together with irradiation systems and packaging companies, must meet US standards. Thirty-three hectares of star apples being grown in the Mekong Delta’s Tien Giang province have been certified by the US.

Vietnamese firms attend Indian organic show

Vietnamese businesses attended the ASEAN Natural & Organic Show in India from December 15 to 17. The event was held in Kolkota by the Associated Chambers of Commerce and Industry of India (Assocham) as part of activities to mark the 45th anniversary of Vietnam-India diplomatic ties and the 25th anniversary of ASEAN-India dialogue relations. Nearly 80 businesses from Vietnam, Singapore, Thailand, Malaysia, the Philippines, Bangladesh, and Russia and close to 200 Indian firms presented a variety of products such as pharmaceuticals, cosmetics, food supplements, food, beverages, herbs, decorations, crafts, and natural essential oil. The Vietnamese firms brought clean coffee, tea, and spices, and soil to fertilize organic products.

Fisheries directorate tackles EC’s “yellow card”

The Directorate of Fisheries (DoF) held a national conference in the central city of Da Nang on December 15 to push urgent measures to counter the European Commission (EC)’s “yellow card” on illegal, unreported and unregulated (IUU) fishing. Mr. Nguyen Thi Phuong Dung, Head of the DoF’s Department for Science, Technology and International Cooperation, said that right after the EC announced a yellow card for Vietnam, the Ministry of Agriculture and Rural Development (MARD) worked with related ministries and agencies to implement drastic measures to effectively carry out the EC’s recommendations in six months, from October 23 to April 23, 2018, so that the warning can be removed.

Vietnamese alumina to go to UAE

Emirates Global Aluminium (EGA) has signed a three-year alumina supply agreement with a Vietnamese State-owned enterprise, its first such deal with Vietnam. Owned equally by Abu Dhabi and Dubai investment funds, EGA signed the deal with Vinacomin over the supply of 300,000 tons of alumina per year. The deal is the first long-term agreement to supply Vietnamese alumina to the United Arab Emirates, a move that boosts bilateral trade between the two countries.

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