More than 100 Chinese dealers have been permitted to enter and purchase lychees in Luc Ngan district of Bac Giang province which is noted for lychee growing in Vietnam. A farmer harvests lychee in Bac Giang Province. Photo by Dantri Luc Ngan district of Bac Giang province is noted for lychee growing in Vietnam, and its juicy fruit has been exported to many markets worldwide. The Chinese businesspeople are scheduled to arrive in Luc Ngan on May 20, according to local officials. This year, China has tightened the import of farm products due the recent outbreak of COVID-19. To meet its requirements, Luc Ngan district and relevant agencies have regularly directed and supervised the planting area codes to ensure the quality of lychees for export to not only China but other markets. So far businesses from the European Union and the United States have signed contracts to consume Luc Ngan lychees with higher prices and larger output than last year. The … [Read more...] about Chinese dealers flock to purchase Vietnamese lychees
Farm produce prices kenya
Mekong Delta hoped to see development breakthroughs
Fishing on a flooded field in Vi Thuy district of the Mekong Delta province of Hau Giang (Photo: VNA) Hanoi (VNA) – The Politburo recently issued Resolution No. 13/NQ-TW on orientations for socio-economic development and defence - security safeguarding in the Mekong Delta until 2030, with a vision to 2045, aiming to make development breakthroughs across the region. The Mekong Delta comprises Can Tho city and the provinces of An Giang, Dong Thap, Long An, Tien Giang, Vinh Long, Ben Tre, Tra Vinh, Soc Trang, Hau Giang, Bac Liêu, Ca Mau and Kien Giang. It is one of the largest and most fertile deltas in Southeast Asia and the world. At a conference on the implementation of Resolution No. 13/NQ-TW on April 22, Party General Secretary Nguyen Phu Trong emphasised several advantages of this region, including its strategic location. The Delta is next to the southeastern region, including Ho Chi Minh City - the southern economic hub of Vietnam, and adjacent to Cambodia … [Read more...] about Mekong Delta hoped to see development breakthroughs
Market likely to expand bearish trend: analysts
Investors watch stocks' movements in front of a big screen. — Photo tinnhanhchungkhoan.vn Markets experienced the worst performance since March 2020 last week due to strong selling pressure. Experts said that with the current conditions, downside risk is still dominating the market. Last week, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) breached the 1,200-point level after ending the last trade at 1,182.77 points. It lost nearly 120 points just in the last two sessions. The HNX-Index on the Ha Noi Stock Exchange (HNX) also finished the week at a lower level of 302.39 points. The market dipped for three out of five sessions. For the week, the VN-Index dropped by more than 11 per cent, while the northern benchmark HNX-Index declined 12 per cent. On the southern bourse, trading value increased by 79.9 per cent compared to the previous week to VND84.2 trillion (US$3.6 billion), equivalent to a rise of 92.9 per cent in trading volume to 3.1 billion shares. The … [Read more...] about Market likely to expand bearish trend: analysts
Warburg Pincus: “Vietnam a big draw for global investor”
Warburg Pincus is relishing its opportunities in Vietnam as the economy grows and capital markets develop, said Jeffrey Perlman, Southeast Asia chief of the private equity firm to Reuters. "It's a market that we think there's a lot of opportunity in," quoted Perlman in an interview with Reuters on March 22. "Four, five years ago, even in Vietnam there wasn't an understanding of what was private equity and what it will do to businesses." Warburg Pincus is relishing its opportunities in Vietnam. Vietnam's emergence as a large manufacturing destination next to China helped the Southeast Asian nation's economy grow at 6.8% last year, the strongest since 2010, Reuters reported.The growth is rapidly building up a huge middle class that is boosting consumer spending in a country of about 100 million. Its stock index VNI has risen 20% this year, the best performance in Southeast Asia, after surging by 50% last year. Perlman said the growth in Vietnam's capital … [Read more...] about Warburg Pincus: “Vietnam a big draw for global investor”
Traditional fish sauce craft village facing risks of production stoppage
Empty fish sauce containers at Ba Hai fish sauce factory Currently, dozens of fish sauce production facilities are having hundreds of empty fish salt containers, the traditional fish sauce craft village has been facing risks of production stoppage, and the supply of traditional fish sauce products is in danger of being disrupted in the area. In the context that the consumption of traditional fish sauce is increasing strongly when the country’s economy in general and tourism, in particular, recover after the pandemic, the shortage of fish for fish sauce production is alarming as scores of fish sauce production establishments in Phan Thiet city have been awaiting fish supply. From the beginning of the year until now, about 40 percent of the fish sauce containers at Ba Hai traditional fish sauce factory in Phu Hai Ward in Phan Thiet City has been empty because there is no source of anchovies for the production of fish sauce, a staple found on tables up and down the country. … [Read more...] about Traditional fish sauce craft village facing risks of production stoppage
Lam Dong and HCMC connect to sell agricultural products
Many workers hustled to make products at Anh Dao Cooperative in Da Lat City At the fruit and vegetable processing zone on Xo Viet Nghe Tinh Street of Anh Dao Cooperative in Da Lat City, many workers hustled to make products. According to the process, agricultural products are harvested from the gardener, then they are brought directly to the warehouse to be classified according to each product that has been ordered in advance. Each product will have its own way of preliminary processing and packaging, but the common point is that they are all classified from the source so that when they go to the place of consumption, they will limit the need to select products and limit the source of agricultural waste. Ms. Uyen of Anh Dao Cooperative said that cabbage vegetables need to be wrapped in paper to avoid being crushed and damaged when they are transported to supermarkets in Ho Chi Minh City. Each year, this unit supplies hundreds of thousands of tons of vegetables and fruits to the … [Read more...] about Lam Dong and HCMC connect to sell agricultural products
HCMC taking care of poor laborers
Laborers are having their health checked in the event ‘For the Health of Laborers’ In the event, nearly 600 female workers who have already recovered from Covid-19 disease had their physical and mental health checked carefully by doctors, plus corresponding healthcare advice. Poor female laborers with small children or being pregnant were offered gifts worth VND1 million (US$43.3) each. On the same day, at Linh Trung I Export Processing Zone in Thu Duc City, over 1,200 workers took part in the event ‘Worker’s Day – Fair of Sharing’, held by the Labor Union of Ho Chi Minh City Export Processing zone and Industrial Park Authority (HEPZA). All goods in the fair were sold at half price. On this occasion, the mentioned labor union signed a contract ‘Welfare for Union Members’ with the three units of Binh Thanh Hospital, Viet Phu Payment Services Support Corp., and Thien Ngoc Anh Commercial Investment Co. Ltd. (owner of Hanh Phuc Supermarket). Accordingly, the above units will offer … [Read more...] about HCMC taking care of poor laborers
Quang Ninh looks toward knowledge-based economy
Based on “smart city” foundation Following the success in building the e-administration and reforming administrative procedures in the 2012 – 2018 period, Quang Ninh province has built a digital administration based on the implementation of a project building smart cities in the 2019 – 2025 period. Quang Ninh province’s smart cities will take people and tourists as the center. They will be encouraged to help develop tourism services. The local authorities will work to improve management capacity as well as the quality and efficiency of socio-economic activities, creating an attractive investment environment and promoting inclusive development. The province will continue refining legal regulations to facilitate the implementation and development of e-administration, digital ministration and smart cities. The smart city project will be carried out in Cam Pha, Uong Bi and Mong Cai cities. Looking towards knowledge-based economy Quang Ninh was the first province in Vietnam … [Read more...] about Quang Ninh looks toward knowledge-based economy
HCMC takes belated steps to sort out skyscraper mess
Experts say such tight restrictions should have been imposed long ago to avoid the current mess and chaos on many roads. Cars and motorbikes crowded Pho Quang Street in Tan Binh District on Tuesday morning last week, dragging themselves sluggishly towards the downtown area. The road, an entrance to the Tan Son Nhat Airport, is just two kilometers long and only eight meters wide. Yet there are 15 skyscrapers lining it, with tens of thousands of apartments, hotels and offices. The largest project on the street is an apartment complex with four blocks and 16 floors, hosting around 500 apartments. It has been open for about five years. There are other complexes with 8-10 floors and a hospital, so the street is always crowded. It gets hellish during rush hours. Pho Quang isn’t the only street plagued by quickly rising skyscrapers and infrastructures that can’t keep up with them. Nguyen Huu Tho, Nam Ky Khoi Nghia, Nguyen Thi Minh Khai and Mai Chi Tho are a few more examples. HCMC … [Read more...] about HCMC takes belated steps to sort out skyscraper mess
Marriott Bonvoy celebrates joy of gastronomy with 2-month food festival
Marriott Bonvoy celebrates the joy of gastronomy in Vietnam with a two-month food festival Marriott Bonvoy is celebrating the timeless pleasures of good company and great gastronomy in Vietnam this May and June, with the launch of Eat Out with Marriott Bonvoy, a nationwide food festival that promises a series of rewarding dining discounts for Marriott Bonvoy members at more than 20 restaurants across the country. Running from May 1 to June 30, the two-month epicurean extravaganza will showcase the finest cuisine from Marriott’s hotels and resorts in Vietnam. Diners can take advantage of a trio of appetising promotions: Tier 1 offers diverse culinary experiences for just $32.60, tier 2 is priced at $41.30, and tier 3 is available for $50. These promotions apply to an amazing array of F&B events and delicious dishes at participating restaurants and bars. At Four Points by Sheraton Danang, The Lounge is offering its luxury high tea or garden high tea with sparkling wine and … [Read more...] about Marriott Bonvoy celebrates joy of gastronomy with 2-month food festival