link ae888

Exporters eager to follow Phu Quoc

The recent Protected Designation of Origin (PDO) recognition for the Phu Quoc fish sauce trademark in the EU has raised hopes for thousands of Vietnamese exporters of agricultural products.
The recent Protected Designation of Origin (PDO) recognition for the PhuQuoc fish sauce trademark in the EU has raised hopes for thousands ofVietnamese exporters of agricultural products.

The fish saucemade on Phu Quoc Island in the country's southwestern region isthe first-ever Vietnamese product to be granted PDO status in the EU.

It took three years to get trademark-protection recognition, according to the Phu Quoc Fish Sauce Association.

Nguyen Thi Tinh, chairwoman of the association, said that PDO status will allow exporters to expand markets abroad.

According to the Ministry of Industry and Trade, trademark protectionin 28 countries in Europe creates favourable conditions for preventingfake products in the EU market and paves the way for other agriculturalproducts to receive PDO recognition in other countries.

Tinh said that Europe is the main market for Phu Quoc fish sauce.

Vietnam exports 800,000 litres of Phu Quoc fish sauce to the EUeach year, while its total annual export volume is about 1.5 millionlitres.

With PDO recognition, the fish sauce, which has beenproduced on Phu Quoc Island for more than 200 years, will havemuch better access to foreign markets.

To further protect itslocally made products, the Phu Quoc Fish Sauce Association plans toproceed with a lawsuit against Thai fish-sauce producers that sellproducts with a phony Phu Quoc name in Europe .

These Thai enterprises have not registered this brand in Europe and even in Thailand .

Tinh added that the association is preparing the necessary documentsfor PDO recognition for fish-sauce products in Thailand , Hong Kongand other countries and territories.

According to the Ministryof Science and Technology's Intellectual Property Department ,Vietnam has thousands of agricultural products that could potentiallybe registered with an official trademark.

However, only 35 products have been registered, and few of those are registered in other countries.
Because of the lack of official registration, the name of Vietnamese products is often used illegally by other producers.

For example, Trung Nguyen coffee and Phan Thiet fish sauce have been used illegally in other countries.

Local companies that have been the victim of such practices say thatit takes a great deal of time and money to win a lawsuit and reclaimtheir brand name.

Nguyen Lam Vien, chairman and generaldirector of Vinamit, which produces dried jackfruit, told Nguoi Lao Dong(Labourer) newspaper that he spent four years and hundred thousands ofUS dollar on a lawsuit to reclaim his company's trademark which had beenillegally registered for PDO status in China in 2007.

TheDong A General Production and Trade Company, the owner of Ben Trecoconut candy, has filed a lawsuit against Chinese enterprises that hadregistered the company's trademark in the country.

In 2011, itwas discovered that many famous geographical locations in Vietnam ,such as the branded Buon Ma Thuot coffee, Dak Lak coffee and Phu Quocfish sauce, were registered illegally in other countries.

Several government agencies are now collecting proof to prepare for the process to reclaim these well-known brands.-VNA

See more

A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

🍎 Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

🅺 Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

ཧ Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

ܫ Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
{dagathomo tructiep hôm nay}|{link ae888 city 165}|{dá gà thomo}|{trực tiếp đá gà thomo hom nay}|{sbobet asian handicap}|