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| PRICE OF GOLD & USD | (09/01/2010) |
| Gold (97%) | 2816 VND/chi | 2866 VND/chi |
| Gold (99%) | 2905 VND/chi | 2918 VND/chi |
| Dollar | 19480 VND/USD | 19500 VND/USD |
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| PRICE OF COFFEE | (09/01/2010) |
| R2B (R2,S13,5%) | 28700 VNÐ/Kg |
| R1C (R1,S16,2%) | 29100 VNĐ/Kg |
| R1A (R1,S18,2%) | 29300 VNĐ/Kg |
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| PRICE OF PRODUCES | (09/01/2010) |
| honey bee (Pure) | 55000 VND/kilogram |
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| Coffee prices will increase thank to strong demand | According to General Director of Brazil Coffee Export Association, Guilherme Braga, coffee prices will increase again at the rate of about 1.30 to 1.50 USD / lb in the next 6 months if the global credit crisis softened, because consumption of coffee in the world will rise, leading by the demand from the emerging markets.
Mr. Guilherme Braga said that, the needs of coffee in Eastern Europe are very good. Consumption in Brazil in 2008 will increase about 4% that is relatively high.Consumption of coffee in Brazil plays an important role in promoting coffee consumption worldwide, because this market to grow very fast.
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| | | Exports of coffee in Brazil will decrease next year | Exports of coffee of Brazil, including green coffee, instant coffee and roasted and ground coffee, is expected to fall 3.6% in the next year, even when the Real discounts compared with the USD, because coffee trees are in the cycle of low output - every 2 years once. In addition, higher fertilizer prices are also limited output.
Exports of coffee from Brazil will drop to 27 million bags in the next year, compared with 28 million bags in this year. Coffee production in Brazil is expected to decrease to 40 - 42 million bags, compared with 45 million bags of this year. The difference in yield between high and low yield years is gradually narrowed, because the productivity of coffee is increasing with every passing day.
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| | | Vietnam and WTO: Close and distant after two years | VietNamNet had a talk with the former Minister of Trade, Truong Dinh Tuyen, and the Director of the International Integration Studies Department under the Central Institute of Economic Management (CIEM), Vo Tri Thanh, about the new opportunities and challenges over the last two years, after Vietnam officially received its membership to the World Trade Organization (WTO).
Truong Dinh Tuyen: I can see three new opportunities. First, the investment, especially foreign investment, has increased considerably. This helps create jobs and high growth rates.
Second, the export markets have been expanded with more favourable conditions. Increased investment and exports, and expanded domestic market both have created the most favourable conditions for industries and services to develop, thus boosting the GDP growth.
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| | | Increasing trade turnover between Vietnam and Cambodia | The trade revenue between Vietnam and Cambodia is expected to surpass US$1.5 billion this year against US$1.2 billion in 2007. The Commercial Counselor of the Vietnamese Embassy in Cambodia, Le Bien Cuong, said the two countries recorded nearly US$900 million in trade revenue in the first half of the year.
Vietnam exported more than US$700 million to Cambodia and imported over US$140 million worth of commodities from the neighbouring country. Major export items included textile and garments, computers, electronic appliances, household electrical products, fruit and vegetables, seafood and plastic commodities.
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| | | Expanding trade with Greece | Conditions exist under which Vietnam-Greece trade relations can be improved, said Greek Deputy Foreign Minister Petros Doukas at the Vietnam-Greece Business Forum on October 14, 2008.
The Vietnam Chamber of Commerce and Industry (VCCI), in coordination with the Greek Embassy in Vietnam and the Greece Businesses Federation, sponsored the forum to coincide with Greek President Karolos Papoulias's visit to Vietnam from October 11-16. The Greek President visited Vietnam at the invitation of Vietnamese President Nguyen Minh Triet.
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| | | Russian firms urged to seek trade with Viet Nam | Russian enterprises were urged to take full advantage of the stable politics and young labour resources in Viet Nam to exploit more trade and investment opportunities. The encouragement came during the Viet Nam – Russia Business Forum in Ha Noi last Saturday.
Russia is an important partner for Viet Nam, especially in trade and investment, affirmed the Viet Nam Chamber of Commerce and Industry (VCCI) chairman Vu Tien Loc. He said that Russian investment projects, notably the Viet Nam-Russia Oil and Gas Joint Venture (Vietsovpetro), have made an active contribution to the country’s socio-economic development.
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| | | Laos to export organic coffee next year | Laos is expected to export organic coffee to the European Union, the United States and Japan next year to meet increasingly growing demands for this kind of coffee in the markets, said the country’s Association of Coffee Producers.
Laos plans to export 20 tonnes of organic coffee in 2009 with total value of 30 million USD and its coffee export volume will increase gradually in the ensuing years, the Association said.
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| | | Nestle: Enhances the Taste of Vietnamese Coffee | Each year, Nestle uses about 25 percent of Vietnam's total coffee export volume for the production of Nestle coffee at its factories around the world, said Nestle Vietnam general director Pierre Schaufelberger.
In 1930, the Brazilian government for the first time met Nestle leadership to seek way to turn coffee beans into instant coffee, making it convenient for the users. Later after that Max Morgenthaler, a leading scientist by that time working at Nestle laboratory, together with some colleagues, found a recipe to turn the dream into reality. After seven years of research, instant coffee products were sold in the marketplace in April 1938.
Nestle Vietnam received a license to do business in Vietnam in 1995. Three years later, in 1998 it began producing its instant coffee (Nestle coffee) at its factory in Dong Nai. Right from the inception, Nestle Vietnam uses Vietnam's best coffee beans in the production.
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| | | Domestic businesses would need to study Japan’s import rules | Domestic businesses would need to study the Economic Partnership Agreement (EPA), slated to be signed by Viet Nam and Japan by the end of the year, said the Minister of Industry and Trade, Vu Huy Hoang. In order to fully utilise the agreement for exporters benefit, local firms needed to understand Japanese import regulations, he said.
The Ministry of Industry and Trade in co-operation with other industries would introduce the provisions of the agreement in order to raise awareness among firms on regulations and help discover opportunities, he said, adding that the EPA, which had received agreement in principle by the two sides, would create opportunities for exporters to better penetrate the Japanese market, especially for agro, forestry and fishery enterprises.
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| | | Vietnam, South Africa boost tourism cooperation | A seminar to examine ways of strengthening Vietnam- South Africa cooperation in tourism was held in Hanoi on October 6. The seminar, entitled “ South Africa – where everything is possible”, focused on informing Vietnamese tourism companies about the tourism potential of South Africa , one of the most attractive destinations in the world.
The visiting South African Deputy Minister of Environmental Affairs and Tourism, Rejoice Mabudafhasi told the seminar that she saw huge potential for tourism cooperation between the two countries as they both have an abundance of natural beauty and attach great importance to the development of this industry.
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