Articles worth reading
Image : Cody Gribble wins Sanderson Farms for 1st PGA Tour title

Cody Gribble wins Sanderson Farms for 1st PGA Tour title

person Orange Themes access_time Oct 31,2016

JACKSON, Miss. (AP) — Cody Gribble won the Sanderson Farms Championship on Sunday for his first PGA Tour title, closing with a 7-under 65 for a four-stroke victory.

Image : US jobless claims fall in week before Christmas holiday

US jobless claims fall in week before Christmas holiday

person Orange Themes access_time Dec 29,2016

Yahoo News New US claims for jobless benefits fell in the week before the Christmas holiday, continuing a record streak of low levels, the Labor Department reported Thursday. First-time claims for unemployment insurance fell 10,000 in the week

Image : Higlands Coffee plans to go public in 2019

Higlands Coffee plans to go public in 2019

person Orange Themes access_time Nov 22,2016

The Superfoods Group and the Viet Thai International Joint Stock Company plans to conduct an IPO and list on Vietnam’s stock exchange, according to the Manila Bulletin, the Philippine’s leading newspaper.

Latest blog articles

Firms have to set up business in Singapore to export Vietnamese rice

access_time May 09,2016 chat_bubble_outline 220 views
A lot of companies have had to give up exporting rice because they cannot satisfy the requirements set by Decree 109.

Firms have to set up business in Singapore to export Vietnamese rice

Dinh Minh Tam from Co May, a private enterprise in Dong Thap province, said that the requirements stipulated in the decree were too high for small and medium rice exporters.

In order to be eligible, export companies must have storehouses that can contain 5,000 tons of rice, and a husking workshop with minimum capacity of 10 tons per hour.

Tam, affirming that very few companies can meet the requirements, said he ‘has to take a detour’ to continue exporting rice.

“We have to export rice through a large company in Can Tho City, and of course, we have to pay fee for the export authorization, VND40 per kilo of exports,” he said.

However, a service fee is not the only thing he worries about. More importantly, he fears he may have to disclose business information and lose customers and markets.
A lot of companies have had to give up exporting rice because they cannot satisfy the requirements set by Decree 109.
Also according to Tam, he has set up a Co May import company in Singapore which imports Co May’s rice through the authorized exporter. From the subsidiary in Singapore, rice products are brought to retail chains in the country.

As such, Co May has to follow a roundabout route to sell rice overseas, accepting to pay many additional expenses, including expenses to operate a company in Singapore. Meanwhile, if Co May exports rice directly from Vietnam, it would not have to pay the expenses.

Co May is not alone. Many enterprises said they want to export rice under Vietnamese brands so as to increase the value of the Vietnamese rice, but they cannot get export licenses because they cannot satisfy the requirements set by Decree 109.

Vo Minh Khai, general director of Vien Phu Company in Ca Mau province, said he was facing difficulties trying to export Hoa Sua, a brand of organic rice.

Khai said he once received a big order from Russia, but he could not obtain the license for export. After a lot of complaints, the company was granted a special mechanism which allowed him to export the rice. However, he has to apply for the license every year.

Nguyen Phuc Anh, director of Tan Tai III, said the company had to stop rice export after the decree was released because it could not arrange such a huge amount of money to build a large storehouse. The company now focuses on the domestic market.

Vo Tong Xuan, a leading rice expert, believes that it is necessary to set up specific policies to encourage small and medium enterprises to export specialty and fragrant rice. 
related news
  • Targeting Chinese market, rice exporters earn modest profits

  • VFA forecasts decline of rice exports in second quarter

  • Delicious snack from glutinous rice and cassava


NLD Read on the original site
Readers write: Standards for hearings, humanity and nature

Standards for hearingsI’m concerned that a pattern is emerging, in which ultrarich people are not held to the same standards of accountability and ethics as other people. I thought the US presidential election was an uprising that expressed the frustrations of the working class. Now confirmation hearings are being held without background checks and financial disclosure because the candidates’ interests are too complicated because of their level of wealth. That is not acceptable. Could you pass… chat_bubble_outline Read More...

Vietnam Airlines plans to reduce state ownership to 65 percent: report

A file photo of a Vietnam Airlines aircraft. Photo: T.N National carrier Vietnam Airlines is expected to ink a deal to sell a stake of 8.77 percent for more than VND2.26 trillion (US$100.6 million) to Japan's ANA Holdings Inc at the end of this month, news website Dau Tu (Investment) reported Tuesday. Following the deal, the government will own 87.73 percent of the airline that controls nearly half of the domestic passenger air market. Vietnam Airlines will continue to sell more chunks of… chat_bubble_outline Read More...

Public-private partnership applied flexibly in Vietnam: official

Deputy Minister Ho Thi Kim Thoa made the remark at a workshop on PPP enhancement in Ho Chi Minh City on August 11. As many PPP related policies have been promulgated to capitalise on businesses’ potential, the Ministry of Industry and Trade and its provincial agencies have carried out different programmes to support enterprises, especially small- and medium-sized ones, she said. The Government’s Resolution 35/NQ-CP, issued on May 16, 2016, stresses the State’s viewpoint on facilitating… chat_bubble_outline Read More...

The Undecideds: They're out there, and so very conflicted

WASHINGTON (AP) — After all the bluster of the 2016 presidential campaign, there still are undecided voters out there.And they're not just people who've buried their heads in the sand.Some thoughtful people just do not know what to do with the choices. Yet they are determined to vote.In Lehi, Utah, Lori Perez, says she has a mail-in ballot and changes her mind every day how to mark it.Moshe Sherizen is a digital marketer from Oak Park, Michigan. Asked about his presidential choice, he asked in… chat_bubble_outline Read More...

Grilled meatballs in Lang Son

Whenever it comes to Vietnamese meatballs, people usually think of the so-called sour meatballs in Thanh Hoa or the tasty fried meatballs on Hang Bong Street in Hanoi. However, the Grilled Meatballs in Lang Son could still leave a lasting impression on anyone lucky enough to try them. The meatballs are only as big as the wrist; they are wrapped inside three layers of green banana leaves for 1 to 2 days before being grilled on red, hot coals. In Lang Son, people make this chewy dish from pork… chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin