Vietnamplus

The Trade Ministry of Indonesia has called for progress to promote the ASEAN Power Grid (APG) initiative, which can help the country deal with its current electricity oversupply, including by exporting excess power to neighbouring countries.

Nguyen Duc Ninh, Director of the National Power Regulation Centre, has said Vietnam will cut its renewable electricity capacity due to oversupply.

Relevant ministries, sectors and localities should focus demand-supply forecast, and be cautious of the property market developments to prevent a housing bubble this year, Deputy Prime Minister Trinh Dinh Dung said at a recent meeting.

Vietnam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).

The Vietnamese property market got off to an auspicious start to 2019, despite fears of a real estate bubble bursting this year.

Vietnam’s tra fish export sector was probably the most improved industry this year, but rampant production could lead to excess supplies and price drops, according to Viet Dragon Securities Company (VDSC).

Vietnamese seafood companies need to work harder to realise the export target of 10 billion USD set by the Ministry of Agriculture and Rural Development (MARD) when oversea shipments in during January-July were estimated at only 4.66 billion USD.

Farmers in the southern province of Dong Nai have been warned not to raise crocodile supplies despite a recent hike in selling prices.

Minister of Industry and Trade Tran Tuan Anh has emphasised the need to change policies and mechanisms to encourage businesses to participate in national, regional and global supply chains.

NA deputies, during the fifth session of the 14th-tenure National Assembly on May 25, expressed their concern about outstanding problems in the agricultural sector, such as farm produce oversupply and price drop, and support policies for farmers.

The Thai government plans to issue bonds to raise 30 billion THB (961.8 million USD) for a project aimed at cutting the country’s rubber oversupply, according to a Thai agricultural official.

The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Vietnam does not export cement.

Keeping average inflation below 4 percent is achievable this year, said Deputy Prime Minister Vuong Dinh Hue during a meeting of the Steering Committee on Price Management last weekend.

Market research firm MarketIntello has forecast that Vietnam’s inflation may fall to below 3 percent, lower than the rate of 3.8 percent it predicted last month.

Thailand’s government has decided to increase subsidy for Hom Mali (jasmine) rice farmers and take other measures to stabilise the rice market

Australian cattle have flooded Vietnam’s market, leading to dropping live-cattle prices, reported Australian ABC radio.

The Government of Thailand has decided to lay out a 20-year strategy for rice to improve the country’s paddy management.

Pepper production has brought high profits for growers but the current rush at growing pepper for export will likely lead to oversupply in the near future, experts warn.

With supply forecast to outstrip demand in the global market, the country's rubber industry is expected to have a difficult time over the next few years, according to the Vietnam Rubber Association.