Dong Nai enterprises ready for integration challenges
Friday, February 27,2015AsemconnectVietnam - Enterprises in southern Dong Nai province are preparing for intensive international integration as the ASEAN Community forms this year.
Once the common community is established, most tariff and non-tariff barriers will be eliminated, opening opportunities for production and business development as well as facilitating the circulation of goods among the ASEAN member states.
However, the increased opportunities are coupled with increased competition in product price and quality, said Chairman of the provincial People’s Committee Dinh Quoc Thai.
Dong Nai is now home to around 20,000 enterprises. To anticipate opportunities and surmount challenges posed by the integration process, many have actively invested in expanding production scales and applied new technologies in business and production management.
The Vietnamese-French cattle feed JSC Proconco recently invested US$200 billion (US$9.4 million) to build an additional factory with a capacity of 150,000 tonnes of cattle feed annually, while the Southern Rubber Industry JSC Casumina is currently constructing a US$160 million tyre factory. The Vietnam National Garment and Textile Group also invested US$23 million in a yarn factory in the locality.
This year, the province continues to implement policies supporting enterprises in administrative procedure reform, trade promotion, and technological innovation.
The locality has also intensified its agricultural restructuring to increase its currently low value. Dong Nai boasts huge potential for agricultural development with an area of over 4,600 square kilometres in farming land, a mild climate and convenient transport.
Recently, Dong Nai signed a memorandum of understanding on cooperation and investment with Japan’s Ministry of Agriculture, Forestry and Fisheries, under which the ministry will create favourable conditions to transfer advanced technologies in agriculture to the province.
Director of the provincial Department of Science and Technology Pham Van Sang said Dong Nai established a biotechnology application centre to learn from Japan’s advanced technologies and determine ways to apply them to local production. To date, the centre has produced 42 types of vegetable seeds and provided 45 tonnes of the vegetable seeds to farmers.
However, the increased opportunities are coupled with increased competition in product price and quality, said Chairman of the provincial People’s Committee Dinh Quoc Thai.
Dong Nai is now home to around 20,000 enterprises. To anticipate opportunities and surmount challenges posed by the integration process, many have actively invested in expanding production scales and applied new technologies in business and production management.
The Vietnamese-French cattle feed JSC Proconco recently invested US$200 billion (US$9.4 million) to build an additional factory with a capacity of 150,000 tonnes of cattle feed annually, while the Southern Rubber Industry JSC Casumina is currently constructing a US$160 million tyre factory. The Vietnam National Garment and Textile Group also invested US$23 million in a yarn factory in the locality.
This year, the province continues to implement policies supporting enterprises in administrative procedure reform, trade promotion, and technological innovation.
The locality has also intensified its agricultural restructuring to increase its currently low value. Dong Nai boasts huge potential for agricultural development with an area of over 4,600 square kilometres in farming land, a mild climate and convenient transport.
Recently, Dong Nai signed a memorandum of understanding on cooperation and investment with Japan’s Ministry of Agriculture, Forestry and Fisheries, under which the ministry will create favourable conditions to transfer advanced technologies in agriculture to the province.
Director of the provincial Department of Science and Technology Pham Van Sang said Dong Nai established a biotechnology application centre to learn from Japan’s advanced technologies and determine ways to apply them to local production. To date, the centre has produced 42 types of vegetable seeds and provided 45 tonnes of the vegetable seeds to farmers.
Source: vov.vn
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Vietnam an attractive destination for electronics, semiconductor investors: Official
Vietnam becomes biggest rice supplier for Singapore
Vietnam among top domestic infrastructure investors: Ambassador
Standard Chartered, US promote clean energy investments in Vietnam
Vietnam, Russia’s Zabaikal region enhance cooperation
Hai Phong Techfest connects Vietnamese, RoK businesses
Made-in-Vietnam wind turbine towers bound for RoK
Vietnam-Laos-Cambodia-Thailand trade fair opens in Laos
NA Chairman meets with executives of large Chinese groups
Vietnam, Laos sign new trade agreement
French businesses interested in Vietnamese market
Vietnam, Russia discuss stronger agriculture cooperation
Vietnam, Indonesia similarities facilitate trade, agro-fishery cooperation
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
12th-century ancient road unearthed at My Son Sanctuary
An ancient road dating back to the 12th century has freshly been discovered in an excavation on architectural ruins at the east side of ...Efforts made to seek UNESCO’s recognition for Con Moong ...
Vietnam Art Photo Contest and Exhibition 2024 to be held ...
Bas-relief featuring talks between Uncle Ho and soldiers ...