Rice export revenue suffers from price drop Vietnam exported 5.56 million tonnes of rice and brought home 2.43 billion USD in the first 10 months of 2019, up 6.1 percent in volume but down 9.1 percent in value over the same period last year, according to the Ministry of Agriculture and Rural Development (MARD). The Philippines was the largest market of Vietnamese rice with 35 percent of the market share. The country spent 733.8 million USD to purchase 1.89 million tonnes of rice from Vietnam in the first nine months of this year, 2.9 times higher in volume and 2.6 times in value over the same period last year. According to the ministry, downward rice prices, which sometimes hit the bottom in 12 years, were the major reason behind the fall in rice export revenue in the period. On the average, rice price in the first nine months of this year was 435.6 USD per tonne, a drop of 13.4 percent year on year. According to Tran Cong Thang, head of the Institute of Policy and Strategy for … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 21
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Workers prepare pork for the market at Vinh Anh Food Technology Joint Stock Company. The GSO predicts inflation in November may rise by 0.8-1 per cent, and pork price hikes will contribute 0.75 per cent to CPI expansion. — VNA/VNS Photo Vu Sinh This years inflation is controllable at 3.3-3.9 per cent, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting early this week regarding the recent surge in pork prices, an essential foodstuff. The General Statistics Office (GSO) predicts that the consumer price index (CPI) in November may rise by 0.8-1 per cent from last month, and pork price hikes will contribute 0.75 per cent to the CPI expansion. Data of this office shows that pork prices at present have increased by almost 19 per cent from the same period last year. They now stand at VND70,000-VND75,000 per kilo in the north, even VND78,000 in Lao Cai and Hung Yen provinces, VND70,000 in the central region and VND65,000-VND75,000 in the south. It also forecast a … [Read more...] about Inflation controllable despite soaring pork prices
Lê Hương The last thing you may expect to find at the foot of Lang Biang Mountain in Lạc Dương District, the Central Highlands province of Lâm Đồng is a pizza restaurant. But find one you will in K’Be Wood Fired Pizza, run by James Reelick, a middle-aged man from Connecticut, the US. James Reelick (first right), his wife (second from right) and some friends at his restaurant. Courtesy Photos of James Reelick Love for hiking and history and economic brought him to Việt Nam in 2011. He decided to settle down in Lạc Dương due to the good weather and the proximity to the mountain. Reelick and his wife Nguyễn Thị Liên opened K’BE Wood Fired Pizza and BBQ five years ago. “I built a wood-fired oven for myself and family so that I could roast chickens the way I liked and be able to bake bread,” he told Việt Nam News. “Over … [Read more...] about Bringing American food and beer to the Central Highlands
For 15 years, lecturer and pianist Nguyen Thuy Uyen and her colleagues have held a programme of regular concerts for young audiences in HCM City in which she gives lectures on classical music and provides real-time demonstrations on the stage. The music programme on September 28 was expanded to Can Tho. Uyen spoke with Tuổi Trẻ (Youth) newspaper and shared insights about her unique journey. Over the past 15 years, lecturer and pianist Nguyen Thuy Uyen and her colleagues have scheduled music programmes geared toward the young crowd. Photo courtesy of tuoitre.vn Why did you introduce the programme in Can Tho’s Cai Rang District? As a programme co-founder more than 15 years ago, what does the activity mean to you? The concert on September 18 in Can Tho was not an official concert like the previous ones for young listeners at the HCM City Conservatory of Music. Though having similar content and format like the previous ones, this time the programme was … [Read more...] about Pianist brings classical music closer to youth
Nhip Cau Dau Tu quoted its sources as reporting that the deal began half a year ago and LINE is now holding a controlling stake in the Tre Tho Information Service JSC, which runs webtretho.com. Established in 2002, and receiving investment capital from IDG Ventures, webtretho.com is now a forum for women with the highest number of visits. According to similarweb, there are over 13 million visits to webtretho each month and the forum ranks 91st out of 100 most visited websites in Vietnam. Webtretho.com has annual revenue of US$2 million. IDG Ventures once planned to use webtretho.com as a ‘springboard’ to join the e-commerce market with beyeu.com (products for mothers & kids), lamdieu.com (cosmetics) and foreva.com (underwear), but the projects failed. LINE, a subsidiary of Naver, is a familiar name to Vietnamese. It appeared in Vietnam in 2012-2013, when messaging apps boomed. LINE was one of the apps, competing fiercely with Kakao Talk, Viber, Zalo and … [Read more...] about LINE app to return to Vietnam?