business

A melon farming greenhouse at the hi-tech agricultural park of HCM City (Photo: VNA) HCM City (VNA) – Ho Chi Minh City holds potential for crop seed export, but it still needs the State’s support to boost seed development and production which have yet to meet expectations so far. There are 38 businesses producing and trading crop seeds in HCM City at present, supplying more than 45,000 tonnes of seeds to the market between 2016 and 2018. They have studied and developed 136 new plant varieties, 55 of which have been produced, including 46 vegetable, eight flower and one rice variety, according to an official from the science and technology division of the municipal Department of Agriculture and Rural Development. At a recent forum, Le Thi Kim, deputy head of the city’s plant cultivation and protection division, said although some companies have boosted intensive production, seed quality remains low due to the shortage of detailed production process and quality … [Read more...] about HCM City has many things to do to become seed production hub

Shrimp harvesting in Bac Lieu province (Photo: VNA) Bac Lieu (VNA) – Specialists and scientists have gathered at a conference in the Mekong Delta province of Bac Lieu to promote the use of renewable energy in shrimp farming for the industry’s sustainable development. The “Conference Promoting Renewable Energy Investment for Vietnamese Shrimp Industry” was held on August 17 by the Vietnam Fisheries Society (VINAFIS) in collaboration with the Bac Lieu provincial People’s Committee, the management board of the project “Sustainable and Equitable Shrimp Production and Value Chain Development in Vietnam (SusV),” GRAISEA Project, International Collaborating Centre for Aquaculture and Fisheries Sustainability (ICAFIS), Oxfam Vietnam, and World Wildlife Fund (WWF) Vietnam. It is inevitable to use renewable energy in shrimp farming as it helps save electricity, cut costs and promote the industry’s sustainable development, heard the conference. … [Read more...] about Bac Lieu promotes use of renewable energy in shrimp farming

Of which, processing and manufacturing industry recorded a growth of 10.7 percent, followed by power generation and distribution with a growth of 10 percent. Water supply, waste and wastewater treatment also maintained an increase of 7.6 percent. Mining industry rose 1.1 percent.  Products which saw strong growth in the index of production were mainly raw steel and iron with an increase of 57.1 percent. As for coke coal and refined petroleum products, production growth fluctuated from 40.6 percent to 48 percent. Metal products, rubber and plastic products, wood processing and products made from wood and bamboo, excluding beds, cabinets, tables and chairs, engine-driven vehicles and textile posted growth from 11 percent to 17 percent. Meanwhile, high-tech products, such as electronic products, computers and optical products, medicines, pharmaceutical chemistry and pharmaceuticals production, crude oil and natural gas exploitation and other transport vehicles manufacturing … [Read more...] about Industrial production maintains fairly good growth

According data by the Department of Livestock Production under the Ministry of Agriculture and Rural Development, in the first six months of this year, total poultry flocks across the whole country had risen by 7.5 percent and poultry egg production had nearly reached 7 billion eggs, up 11.4 percent. As pig farming in many places faced epidemic, farm owners have massively switched to poultry farming. Quickly shifting to poultry farming will help to provide alternative meat sources; however, massively and spontaneously shifting will cause serious consequences when supply exceeds demand. Analyzing the structure of animal husbandry products, Mr. Nguyen Xuan Duong, acting director of the Department of Livestock Production, said that the golden ratio at many countries is that pigs account for around 40 percent, poultry makes up for 40 percent and the rest is other animal husbandry products. However, in Vietnam, pigs account for up to 70 percent of meat production structure while poultry … [Read more...] about Vietnamese enterprises massively increase poultry farming

The Vietnamese stock market is still vulnerable to the unpredictability of global shocks (Photo: VNA) Hanoi (VNS/VNA) - Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions. The benchmark VN-Index on the Ho Chi Minh Stock Exchange increased by total 0.58 percent to finish last week at 980.00 points. On the Hanoi Stock Exchange, the HNX-Index lost total 0.43 percent to end last week at 102.35 points. Nearly 206 million shares were traded on the two local exchanges, worth 4.52 trillion VND (194.4 million USD). The opposition of the two local indices means investors are unsure about the short-term prospects of both global and domestic markets, according to analysts. International investors then tried to offload their local assets and turned to safer ones to avoid the risks. In Vietnam, foreign investors last week net-sold 834 billion VND worth … [Read more...] about Vietnam stocks predicted to swing for another week