AGRICULTURAL EXPORT VALUE UP 2% IN FIRST SEVEN MONTHS OF 2019

HÀ NỘI – The agricultural sector gained US$23.03 billion from farming, forestry and fishery exports in the first seven months of this year, a year-on-year increase of 2 per cent, according to the Ministry of Agriculture and Rural Development (MARD). The figure includes $3.55 billion of exports in July.

Major farm produce shipped overseas brought home $10.84 billion, with five billion-dollar categories including coffee ($1.8 billion), rubber ($1.1 billion), rice ($1.73 billion), cashews (nearly $1.8 billion) and fruits and vegetables ($2.3 billion).

However, the ministry said the total export value of the major agricultural products fell 8.2 per cent year on year due to a drop in several products like cashews (20.6 per cent), pepper (25.2 per cent), coffee (12 per cent) and rice (16 per cent).

The export prices of two main seafood exports, tra fish and shrimp, also dropped 3.2 per cent and 10.4 per cent to $1.16 billion and $1.73 billion, respectively, causing the total export value of seafood products to drop 1 per cent to $4.68 billion.

From January to July, shipments of the main forestry products earned the country about $6 billion, up 17.3 per cent year on year. This included $5.6 billion from wood and wooden products, up 16.1 per cent, and $264 million from bamboo and rattan products, soaring 46.6 per cent.

The ministry said global economic growth was projected to slow while agricultural development will bounce back in many countries. This combination of factors would pose a challenge to the country’s forestry exports.

Fierce competition would pull prices of exports down. Large importers of Vietnamese goods like the US, the EU, China, Japan and the Republic of Korea (RoK) had imposed strict standards on quality management, food safety and origin traceability.

The ministry would work with businesses and associations to keep a close watch on the development of international markets and increase inspections to prevent smuggling.

Besides co-ordinating with ministries and sectors to stabilise traditional export markets and expand into new ones, helping reduce dependence on single country, the ministry would give production guidance to localities to ensure their products meet importers’ traceability requirements.

Attention would also be paid to developing brands for agricultural products, particularly those exported to the Chinese market, while authorities would set up a co-ordination mechanism with the Chinese General Administration of Customs to remove bottlenecks in agricultural trade between the two countries.

Fruit, vegetable exports

The ministry also reported the vegetable and fruit industry, which showed strong export growth in recent months, nevertheless post a slight reduction in export value in the first seven months of the year, down 0.8 per cent year on year to $2.3 billion, including $269 million in July.

China was the biggest importer of Vietnamese vegetables and fruits with nearly $1.5 billion, up 1.1 per cent year on year, accounting for 71.9 per cent of the market share. It was followed by the US ($70.2 million) and the RoK ($65.3 million).

Impressive growth was seen in exports of fruits and vegetables to Cameroon (up 10.16 times), the Dominican Republic (up 8.37 times) and Guam (5.11 times).

The Agro Processing and Market Development Department said the sector would have more chances to expand its export markets thanks to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the recently signed EU-Vietnam Free Trade Agreement (EVFTA).

The department advised businesses study the opportunities and challenges of the European market and markets of the 10 CPTPP member states and improve the quality of their products.

VNS

FDI EXCURSION TOUR: DEEP C INDUSTRIAL ZONES & DAMEN SONG CAM SHIPYARD

Last week, the EuroCham Vietnam’s FDI Excursion tour brought a delegation of more than 20 members to DEEP C Industrial Zones Vietnam to explore where we are after 20-year journey in Vietnam and how we’re reaching new horizons to sustainable growth. As an EU originated group, DEEP C is excited to get more European peers on board with us.

Many said site visit was the most informative and fun part of the whole tour. Visitors were taken to see with their own eyes the completed infrastructure in DEEP C I, dynamic factory construction going on in DEEP C II and the developing DEEP C III dedicated for logistics complex and automotive industry. We hope that all guests enjoyed their time with us and left the tour with all their questions answered.

To begin your DEEP C site tour, do not hesitate to reach them at: www.deepc.vn or info@deepc.vn

 

Source: DeepC

Belgium National Day – 21th of July 2019

Belgian National Day is a public holiday celebrated on 21 July each year. In 1830, Belgium gained political independence and regained cultural independence from the United Kingdom of the Netherlands. Up until then, the Belgian area was known as the Southern Netherlands and had been governed by other countries including Spain and France.

The Belgian Revolution that occurred from 25 August 1830 was the key catalyst to the independence of Belgium. The revolutionaries destroyed industry buildings and looted shops. Many army recruits deserted, which left the military powerless to bring control.

King William I of the Netherlands sought help from other nations. Five nations met in London at what is now known as the London Conference of 1830 and agreed to Belgium becoming its own power. The Dutch refused to accept this decision and it took nearly a decade of unrest before they finally did.

On 21 July 1831, Leopold of Saxe-Coburg and Gotha swore allegiance to the newly approved Belgian Constitution and became King Leopold I, the first King of the Belgians. His family line is still on the Belgian throne although they renamed after the First World War to the name ‘of Belgium’ in whichever language is being used: van België, de Belgique, or von Belgien.

Belgian National Day is a full public holiday. In Brussels, as well as other locations, there are military parades, air force aerial demonstrations, street festivities, expos and fireworks, and the king inspects the Belgian Army parading past the palace. It is a day of national pride and celebration of the independence of a strong people.

BUSINESS ETIQUETTE IN VIETNAM – CUSTOMS AND TIPS

Vietnam has one of the oldest cultures in Southeast Asia. While national identity can be complex given Vietnam’s history, locals are proud of their language and its complexities, as well as the distinctiveness of their society and culture. The expression dat viet (Vietnamese land), for example, encapsulates the notion that Vietnamese society have an organic relationship to their environment.

Since the introduction of Doi Moi – or ‘renovation’ policy – in the 1980s, which began the transition from the country’s socialist economy to a market economy, Vietnam has experienced many significant changes, including a rise in the standard of living. These factors have in turn inspired a flurry of foreign businesses looking to start operations or expand in the country.

But for those planning to do business in Vietnam for the first time, it is important to learn about the country’s vibrant culture and traditions. Those that do will find it easier to work in the country.

Greetings in Vietnam

While English is gaining in popularity, Vietnamese remains the dominant language: it is spoken by 86 percent of the population. Vietnamese appreciate it if a foreigner tries to learn simple phrases in their language such as xin chao (pronounced as ‘seen chow’), meaning “hello” in Vietnamese.

A handshake and a slight bow of the head is the general custom for saying hello and goodbye. Meanwhile, Vietnamese names are written and introduced in the following order: last name, middle name, first name.

Business etiquette 101

When possible, business meetings should be done in the presence of someone who can translate. Be prepared to attend several meetings as successful deals are rarely completed in a few encounters. Conversations held in person are preferred over online communication and emails.

Cold calling is not recommended. It is recommended to be introduced to a potential business contact by a common acquaintance or third-party reference. Business meetings should be scheduled in advance and should avoid major public holidays, such as Tet, which is the Vietnamese New Year celebration.

For first time meetings, it’s best to meet at your potential partner’s office. This avoids the possibility of a last minute cancellation because of any travel difficulties on behalf of your business partner.

When giving or receiving business cards, do so with both hands. Time should be taken read the name on the card – hastily stuffing a business card or barely giving it a glance is deemed offensive. When possible, seek to create a business card that has both English and Vietnamese translations.

If offered tea at the reception, accept it, as this is a sign of hospitality. In the North, hot tea is typically served, while in the South, meetings take place with ice tea or soft drinks.

It’s best to have an agenda before the meeting so the business partners can acquaint themselves with what will be discussed. It is also helpful to have all documents translated in Vietnamese.

Silence is common in meetings and means that your partners are thinking about your interests. Interrupting this time of reflection can be considered rude. Further, silence may be used when someone disagrees, and so not cause a loss of face for attendees.

Seniority and hierarchy are important in Vietnam. For example, showing the eldest person respect by giving them your business card first is appropriate.

Saying “yes” may merely indicate understanding, rather than actual agreement. It’s best to follow up and confirm with your business partner to understand if you have agreed on a deal.

It is typically the guest’s responsibility to signal the end of the meeting.

The first few meetings will involve getting to know each other, as compared to the West, where first meetings tend to remain on a business level. Social connections are important, and Vietnamese may make most of their business decisions based on how they see you as a person outside of the business.

Many Vietnamese will ask questions that may seem personal to a foreigner. Discussing one’s family and personal life is normal and is seen as a sign of friendliness and interest.

It’s common to give gifts at the end of a business meeting. These can be small and does not need to be expensive. A possible item could be a pen or stationary with a company logo or an item typical from your country of origin.

Business attire

Business attire will depend on the location of the meeting. For example, Hanoi is known for its white-collar environment, while Ho Chi Minh City is more business casual.

Typically, business partners should dress modestly, avoiding bright colors. Suits are appropriate for men, while skirts and blouses are fine for women.

The Vietnamese working week is typically from Monday to Friday with office hours from 7:30 a.m. to 4:30 p.m.

The concept of ‘face’

As with many other Asian countries, the concept of face is extremely important in Vietnam. While in the West being frank and direct is considered a good trait, direct disagreement or raising of questions in public can be seen as a person to “lose face” in Vietnam. Face is a concept that can be roughly described as reflecting a person’s reputation, dignity, and prestige.

Foreigners should be aware of unintentionally causing a loss of face due to their words or actions. The important takeaway is to treat your business partners with respect. If you have suggestions or challenges, its best to bring them up carefully in private.

Eating and drinking

If invited as a guest in a Vietnamese home, bring fruit, sweets, flowers, or incense. Avoid giving handkerchiefs, anything black, yellow flowers, or chrysanthemums. The best dishes will likely be offered to you; be sure to taste and share these dishes.

Wait for the host to give the signal to start the meal before sampling any of the food. It is considered good manners to finish all the food in your plate.

At a restaurant, wait to be seated. In most cases, the oldest in the group will be seated first. Use both hands to pass items and never pass anything over someone’s head. When motioning for a person to come over, do not use your finger, and use your hand to beckon instead.

If paying, tipping of five to 10 percent is appreciated, though not customary.

Safety

Vietnam is a relatively safe country to travel. However, business travelers need to be aware of petty and opportunistic theft, particularly in major cities such as Hanoi and Ho Chi Minh City.

Valuables should be stored in hotel safes, while mobile phones and wallets should be kept out of sight to minimize the risk of pickpocketing, particularly in tourist areas. While the police are not always helpful, they will generally treat foreigners with respect.

Taxi scams are common, including the use of faulty meters, or taking a longer route to a destination. Business travelers should book transport through their hotel or use registered taxis such as Mai Linh (green) or Vinasun (white with green and red stripes). These taxi companies also have card machines for direct payment.

VIETNAM-BELGIUM PROGRAMME CHURNS OUT SKILLED POSTGRADUATES

HCM CITY — The Vietnam- Belgium Programme, which offers master’s programmes in several business-related streams, is helping train human resources to meet Việt Nam’s needs.

The programme has been run by the HCM City Open University and Université Libre de Bruxelles’s Solvay Brussels School of Economics & Management since 1995.

On July 13 a graduation ceremony was held to present master’s degrees to 23 students in business administration, marketing and communication management, and business quality and performance management.

So far around 1,400 students have graduated from the programme.

“The programme is creating opportunities for students to pursue a master’s degree, contributing to consistently turning out high-quality human resources for our society,” Assoc Prof Dr Nguyễn Minh Hà, rector of the HCM City Open University, said.