Healthy pigs are now being sold at a cheaper rate, putting pressure on the entire industry Pham Van Luong, a pig feed salesman in Hai Hau district of the northern province of Nam Dinh, said that his family previously sold an average of 20 tonnes of rice bran per month. Since the outbreak of African swine fever (ASF), over the past three months they have managed to sell just five or six tonnes of animal feed per month. “I sell animal feed and bran on credit to farmers. However, for some months now, pigs have been infected and culled, and farmers have no money to pay me. Currently, I am owed nearly VND2 billion ($87,000),” said Luong. Dao Van Bac, director of BB Sun Vietnam Co., Ltd. which manufactures animal feed in the northern province of Hai Duong, said, “While our company supplied around 2,000 tonnes of animal feed monthly to the market before ASF, it has reduced to 1,200-1,400 tonnes now. We have already decreased the price by VND5,000-10,000 ($0.21-0.43) for a … [Read more...] about Farms under threat as ASF fails to ease
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Au naturale: Naturally died silk needs to be treated to keep the colour last longer. Viet Nam News Since Việt Nam became a republic in 1945, many craft villages have moved away from their traditional sources of income. One start-up business is trying to update and maintain the 300-year-old craft of embroidery to meet contemporary needs. Nguyễn Mỹ Hà reports. In the two months leading up to Tết, the Lunar New Year, the fashion houses across the country launch their latest áo dài collections for the year. Women of all ages busily prepare one of their most special costumes of the year, second only to the ones they wear for the wedding of a family member. If the fashion world has two collections – one for Spring/Summer and one for Autumn/Winter – then many Vietnamese designers tend to have three each year: the same two collections, and one just for áo dài. Áo dài can fit all women People often think a … [Read more...] about Keeping the fire of hand embroidery alive
Since using this modern payment application, my life has positively changed. As a person who was always cautious of managing money, I used to trusted in cash payment only. However I have changed my payment habit. It is now only with a cellphone, all of my ATM cards and membership cards are fully integrated with Samsung Pay, and above all others, it is still absolutely secured. Have you ever experienced the feeling of regretfully looking at your favorite items sold to somebody else, or how embarrassing it is when your money is not enough to pay for a coffee bill? Having gone through all of these, I shall share a tip to stay away from these troubles. The strong need of e-payment solution In the past, I only trust in things that I was sure of. Especially, I was very cautious of what I considered to be risky like crediting all my money to cards. It was partly due to my habits, and partly due to the obsession with the ATM card theft, I was not so interested in card payment. That was why … [Read more...] about How did my cash payment habits change?
Improving the food safety of products like poultry, fruits, and vegetables is said to be the key to unlock new market opportunities, increasing the income of local farmers, food producers, and exporters, as well as helping Vietnam achieve its agricultural export turnover target of $40 billion in 2018. Over the next three years, IFC, a member of the World Bank Group, in partnership with New Zealand, will build awareness for increased food safety standards and deliver customised training programmes to about 1,000 smallholder farmers based on the basic level of GLOBAL G.A.P. requirements and other relevant standards. This project will also provide a more intensive package of support to a maximum of 20 smallholder farmers, helping them acquire the GLOBALG.A.P. certification—an internationally recognised set of farm standards dedicated to Good Agricultural Practices (GAP)—or equivalent standards. It will also find opportunities to connect the trained farmers with potential … [Read more...] about Food safety investment to boost agricultural exports
Viet Nam News By Brian Spence* Many Vietnamese prefer to keep the bulk of their wealth in physical cash or property, but there are numerous reasons why investing in a more diversified portfolio of investments is a safer and more lucrative option. Việt Nam has a solid savings culture, which as a financial adviser is always gratifying to see. But I cannot help but be alarmed by the large proportion of individuals who seem to be keeping much of their wealth in physical cash. Not only does having bundles of bank notes stashed away leave you vulnerable to theft, fire or other disasters, it also means you risk your wealth being eroded over time. Furthermore, significant cash holdings mean you are probably missing out on much more attractive returns. Those holding large amounts of cash often have to spend money to keep it safe. At the upper end of wealth, this might mean guards and vaults, and at the lower, other storage methods like safe deposit boxes. What you might not realise, … [Read more...] about Think beyond cash and property for your assets