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Accordingly, the growing area to be issued with a code must meet the many other requirements, such as identifying the planting area (often using GPS navigation system); applying good agricultural practices, with emphasis on keeping cultivation diary to trace product origin when inspecting by competent authority; regularly monitoring the harmful organism; practicing good field hygiene and farming practices; ensuring that there are no pesticide residues exceeding the permitted levels according to the regulations of the importing country. These both satisfy the requirements of importers and are of great value in enhancing the reputation of Vietnamese agricultural products in the international market. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 25

According to experts, this means that banks, especially those with pre-tax profit reaching up to dozens of trillions of Vietnamese dong last year, such as Vietcombank, Techcombank and VPBank, will automatically have a source of funding to increase their charter capital if paying dividends in shares, or increase equity if not paying dividends this year. … [Read more...] about VN banks upbeat about charter capital hike in 2020

National utility EVN’s gross margin fell from 15.1 percent in 2015 to 12.9 percent last year due to rising costs of payment to new coal-fired independent power projects (IPPs), a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) says. … [Read more...] about National power utility faces financial crunch

FTLife launches Prosperous Deferred Annuity Plan 2 (Prosperous 2) today. From now until 31 March 2021, customers who successfully subscribe to Prosperous 2 as well as one of the designated Voluntary Health Insurance Scheme plans or insurance plans (basic plan/rider) can enjoy up to 15% of first-year premium refund. The minimum issue age of Prosperous 2 is 20 years old and the range of total Internal Rate of Return at maturity can be up to 3.28% to 4.32%, helping customers achieve a stable and independent retirement life. COVID-19 pandemic has deeply impacted the global economy. The survey revealed increased pessimistic about retirement among respondents since the start of the pandemic. Before the outbreak, around 16% said that they lacked confidence in retirement. During the pandemic, the number quadrupled to around 70%, illustrating how the pandemic has intensified Hongkongers' worries about retirement. The top three worries cited are rising retirement medical expenses (53%), a lack … [Read more...] about FTLife survey shows Hongkongers far less confident about retirement due to pandemic, while younger generation lacks wealth management knowledge

A representative of the Foreign Investment Agency under the Ministry of Planning and Investment said despite its high potential, the agricultural sector with its existing shortcomings of fragmented and small-scale production is not attractive enough to lure high-quality FDI. “In fact, investors in the agricultural sector face numerous risks, including bad weather, natural disasters or diseases,” he noted. … [Read more...] about Needed: A proper strategy to attract FDI in agriculture