Vietnam’s rice exports hit 5.2 million tonnes in ten months Vietnam shipped abroad 264,000 tonnes of rice in October this year for 136 million USD, pushing the total figures so far this year to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year. China remained the leading importer of Vietnamese rice with a growth rate of 24 percent. Strong rises were also seen in many other markets, such as Indonesia, Iraq, the Philippines, and Malaysia. Average rice prices in the first nine months of 2018 reached 503 USD per tonne, up 13.7 percent year-on-year. The highest price was recorded for Jasmine rice with 575 USD per tonne, followed by Japonica with 526 USD per tonne. The export of medium- and high-quality rice increased, while that of low quality types reduced, now accounting for just 2 percent of the total export volume. [Video: Vietnamese rice now top quality on the international market] On October 18 this year, the Philippines closed its bidding and … [Read more...] about BUSINESS NEWS IN BRIEF 11/11
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BUSINESS NEWS IN BRIEF 16/10
Vietnam’s Macroeconomic Policies-Third Quarter 2018 under scrutiny HCM City Securities Corp tops derivatives market share HCM City Securities Corporation (HSC) had the biggest market share on the derivatives market in the third quarter of 2018, according to the Ha Noi Stock Exchange. Of the 11 securities companies that are allowed to operate in the derivatives market, HSC held a 25.35 per cent market share. HSC was followed by VNDirect Securities JSC (23.98 per cent), MB Securities JSC (15.88 per cent) and Saigon Securities Inc (15.40 per cent). Other securities firms with less than 10 per cent market share included VPBank Securities JSC (9.87 per cent), BIDV Securities JSC (4.65 per cent) and Viet Capital Securities Co (2.84 per cent). The three new securities companies whose operation on the derivatives market had been accepted earlier by the HNX were Viet Dragon Securities JSC, KIS Vietnam Securities Co and Vietcombank Securities Co Ltd. Those three … [Read more...] about BUSINESS NEWS IN BRIEF 16/10
Inclusive business, the future of ASEAN
Lan Mercado, Regional Director for Oxfam in Asia We, the people of ASEAN, our leaders, governments, businesses, and activists, want an Asia that works for all of us. Le Luong Minh, former Secretary-General of ASEAN, said that they want to advance towards inclusive growth and sustainable development, and its Economic Community Blueprint 2025 pictures a region that works for all – a resilient, inclusive, and people-oriented, people-centered economy. In our region, we've seen remarkable economic growth over recent decades; in less than five decades, the gross domestic product (GDP) has climbed from $37.6 billion in 1970 to $2.6 trillion in 2016, driven mainly by the exponential growth of private sector enterprise. In the past two decades, over 100 million people have gained jobs, and millions have overcome poverty. Investment is up, infrastructure is rising, trade is expanding, and regional prosperity has boomed. So, then what’s the problem? Despite this economic boom, … [Read more...] about Inclusive business, the future of ASEAN
Report of the Party’s XIth-tenure Central Committee – Politics & Laws – Vietnam News
Politburo members12th National Party Congress endsParty General Secretary Nguyen Phu Trong re-elected12th National Party Congress's plenary session announces official listsNguyen Phu Trong re-elected to be Viet Nam Party General Secretary REDOUBLE EFFORTS TO BUILD OUR PARTY CLEAN AND STRONG; PROMOTE THE ENTIRE NATION'S STRENGTH AND SOCIALIST DEMOCRACY; PUSH FORWARD COMPREHENSIVELY AND HARMONIOUSLY THE RENEWAL PROCESS; DEFEND FIRMLY THE HOMELAND AND MAINTAIN STURDILY A PEACEFUL AND STABLE ENVIRONMENT; AND STRIVE FOR OURS TO SOON BECOME BASICALLY AN INDUSTRIALIZED COUNTRY TOWARD MODERNITY Report of the Party's XIth-tenure Central Committee presented by General Secretary Nguyen Phu Trong on the Party's XIIth Congress Documents Members of the Presidium, Distinguished guests, Congress delegates, The Party XIIth National Congress is tasked with taking stock of the implementation of the Party's XIth Congress Resolution; looking at the last 30 years of renewal; determining … [Read more...] about Report of the Party’s XIth-tenure Central Committee – Politics & Laws – Vietnam News
In daytime discos, South Korea’s elderly find escape from anxiety
A discotheque hidden among the back alleys of eastern Seoul is packed with hundreds of grey-haired couples on a Monday afternoon, dancing to local hits from the 1960s in a basketball court-sized hall. Kim Sa-gyu, 85, calls it his “playground.” “What else would I do all day? My family is busy with work. I hate going to senior centers cause all they do there is smoking,” said Kim, wearing a beret as he sat on a bench at the edge of a dance floor decorated with fairy lights and mirror balls. Seven days a week, he gets up at 5 a.m., has breakfast with his son and two grandchildren, gets an hour of massage therapy to relieve knee pain, then hops on a bus. His destination is the daytime disco for the elderly in New Hyundai Core. Kim, who has been jobless since retiring as a hospital administer 20 years ago, is among about 1,000 customers each weekday at the disco, called a colatec. It is one of nearly 1,000 such facilities around the country. Almost 2,000 people visit … [Read more...] about In daytime discos, South Korea’s elderly find escape from anxiety