Tran Ban Hung When I was a kid, a frequent question I asked mom was why the rice cooked by our family was not as good as the one I had at Minh's. His family mixed rice with other ingredients like, sweet potato or adlay millet (Job's tears). We never did this at home. Minh was an only child and my best friend. We usually spent a lot of time at each other's house. A typical meal at his family would include boiled water spinach, roasted peanuts and the mixed rice. Once in a rare while, they would have braised pork, and on those occasions, his parents, both state officials, would let us kids have all the meat. In answer to my question mother would not say much. The most she would say was: "You will understand when you grow up." I also noticed that my mom would keep Minh around for food as much as she could every time he came to my house. She would also tell me to avoid being at Minh's at lunch or dinner time. She was right. I understood once I grew up. My childhood with Minh began just … [Read more...] about Undermine rice and we might pay a heavy price
Flood caused by heavy rainfall
Asked about the import tariff on luxury cars from Europe after the EVFTA takes effect, the Ministry of Industry and Trade (MOIT) said the competitiveness of EU sourced cars would improve. According to MOIT’s Deputy Minister Tran Quoc Khanh, high-cylinder capacity cars (more than 2500 cc) will see tariffs gradually cut to zero percent after nine years. Meanwhile, the tariff cut for less than 2500 cc cars will be implemented over 10 years, and the roadmap for car parts will be seven years. At present, cars from the EU bear a high tax rate of 70 percent. The selling price is 2-3 times higher than the original price because the cars bear many kinds of taxes and fees. The trade agreement includes an important provision that, five years after the agreement takes effect, Vietnam will accept the EU quality certificate, which means that the EU’s cars won’t need quality certificates to enter Vietnam. This means that Vietnam will create more favorable conditions for … [Read more...] about Vietnamese told not to expect high-end cars to become cheaper
Under the EVFTA, Vietnam will open its market to imports from EU with the preferential tariff of zero percent. The EVFTA is expected to take effect in 2020. As for automobiles, the import tariff will decrease by 7 percent per annum to zero percent. The base tax rates for cars, in EVFTA negotiations, are 78 percent for products with cylinder capacity of less than 3.0L and 74 percent for over 3.0. The cut of the tariff on car parts from the EU will allow Vietnamese automobile assemblers to increase the imports of car parts which still cannot be made domestically at low costs, thus reducing production cost and improving competitiveness. Most imports from Europe are luxury cars, including Mercedes Benz, Audi, BMW and Land Rover, and super-luxury ones such as Rolls-Royce and Bentley. Popular models such as Volkswagen, Volvo and Peugeot are also favorites in Vietnam. Tran Thuy Vietnam’s automobile market to be flooded with zero-tariff ASEAN cars The car sales in Vietnam … [Read more...] about EVFTA could bring more luxury cars to Vietnam
Instead of distributing Nissan products, Tan Chong Motor will assemble, import and distribute Chinese cars in the Vietnamese market. The distributor of Nissan cars, the Malaysia-based Tan Chong Motor, will stop distributing Nissan products in Vietnam in September. if the project can be implemented, Tan Chong Motor would have opportunities to cement their positions in Vietnam’s automobile industry. The two sides have signed an MOU to expand cooperation in assembling, importing and distributing Chinese vehicles in Vietnam. Kim Chi Vietnam’s automobile market to be flooded with zero-tariff ASEAN cars The car sales in Vietnam are forecast to reach 500,000 units per year in 2020 and 1 million per year by 2030, with a turnover of US$12 billion each year. Two paths for Vietnam's automobile industry There are two clear investment tendencies in the automobile industry. First, becoming the leading assembling center in Southeast Asia, and second, buying … [Read more...] about Will Nissan’s old distributor bring Chinese cars to Vietnam?
Sugar companies are in such danger that the Ministry of Agriculture & Rural Development (MARD) on April 3 had to organize a meeting with the sugar association to discuss ways to rescue them. In the Mekong Delta, which has a large sugarcane growing area, farmers are desperate. After the failure of the 2017-2018 crop, thousands of households do not have more capital for the new farming crop. Many of them chopped down sugarcane plants to grow other crops. In Tra Cu district, the ‘sugarcane metropolis’ of Tra Vinh province, hundreds of hectares of sugarcane growing area have been used for aquaculture, rice and crop cultivation. According to the district’s agriculture sub-department, only 3,300 hectares of sugarcane exist this year, a decrease of 30 percent compared with the previous crop. Meanwhile, the Tra Vinh sugar refinery has spent big money to increase its capacity. Now with the sugarcane output decrease, it is likely to lack material for production. In Hau … [Read more...] about Sugar companies in danger of going bankrupt