MM Mega Market said there is imported pork at the supermarket chain, but the amount is very small, just accounting for 3 percent. This means that 97 percent of pork available there is from domestic sources. Tran Van Minh, a merchant at Tan Xuan Market, also said that the high price has cut pork sales. The meat supply has improved thanks to the live pigs imported from Thailand. In addition, frozen pork is akso available at some big markets. … [Read more...] about Where is all the imported pork?
Sustainable agriculture degree
On the other hand, real estate stocks were weaker on the day as local press reports that the Vietnam Real Estate Brokers Association are expecting fewer project launches for 2020, while market updates from CBRE and Savills show high commercial rental prices and hotel rates. … [Read more...] about US-China trade deal brings optimism to Vietnamese stock exchange
HCM City (VNA) – A leader of Ho Chi Minh City on January 17 expressed his hope that the World Bank (WB) will assist Vietnam’s southern economic hub to build an international financial centre. At an event to unveil the WB’s Vietnam Development Report 2019, Chairman of the municipal People’s Committee Nguyen Thanh Phong said although the city has taken leading steps in development connectivity, the size of its economy remains modest with 58 billion USD. Therefore, despite a high annual growth rate, the local economy still lags far behind those of big cities in the region. Noting some causes of this fact, he said HCM City has a low starting point, lax connectivity, and poor infrastructure which has yet to meet standards or be connected with that in the region. Additionally, its participation in domestic and international value chains is still limited while underdeveloped logistics services are unable to meet long-term development demand. The official said he … [Read more...] about HCM City calls for WB’s support to build int’l financial centre
A leader of the Vietnam Association of Small and Medium Enterprises (VINASME) said a number of companies have yet to get access to soft loans offered by the banks because they have yet to accumulate many assets, have no collateral assets or their financial systems and information transparency have yet to reach the set standards. … [Read more...] about Lending interest rate cut yet to benefit many enterprises
Massive interest rate reductionshort-term VND loans for agriculture, rural development, export, supporting industry, small- and medium-sized enterprises (SMEs) and businesses applying high technologies will be reduced from 6.5 percent per annum to 6 percent per annum. … [Read more...] about Banks race to lower interest rates – “Headwind” amid credit season