Addressing the launching ceremony, Phidsanu Pongwatana, managing director of MM Mega Market Vietnam said, “With big changes from the image and store layout to new product development, MM Mega Market Vietnam is advancing food safety by developing safe food supply chains through partnerships with local farmers and suppliers. Our aim is to offer safe and quality food products to consumers.”To achieve this goal, in April 2017, MM Mega Market set in motion a pork platform in the southern province of Dong Nai, purchasing VietGAP-standard pork from over 400 pork farmers from 23 agricultural co-operatives.MM Mega Market currently buys about 250 tonnes of pork each month from farmers in Dong Nai. Going forward, MM Mega Market will continue working with LIFSAP (a World Bank project for animal husbandry competition and food safety) to set in place another pork platform in the north.“We are on the lookout for good farmers and business partners from the northern provinces to build … [Read more...] about TCC Group launches MM Mega Market Thang Long to boost northern business
Safe market
Experts optimistic about 2018 stock market prospects
Voicing her opinion at an online discussion on December 20, Pham Minh Huong, Chairwoman of the Board at VNDIRECT Securities Corporation, said the stock market’s 2017 growth was spectacular but not surprising. Her prediction for 2018 was that the finance, energy and manufacturing sectors will experience strong growth, which means they are likely to be recommended to both up-and-coming and experienced investors by financial experts. Huong said that although the banking and finance sector would still face a lot of institutional and bad debt risks, commercial banks, securities and insurance companies have learned their lessons and are well prepared for the challenges to come. With Vietnam’s fast-growing consumer economy, the manufacturing and energy sectors will always be attractive. Aviation is another safe bet, as living standards and tourism increase, she said. The year 2018 is set to mark the beginning of Vietnam’s next stage of financial growth, with the … [Read more...] about Experts optimistic about 2018 stock market prospects
Safe hands needed for historic copper epic
Vietnam’s greatest bronze epic Cau Khong Tu Ky is in need of safe housing. The 6.5kg red copper book, which time has turned a mossy grey colour since its creation in the 15th century under the Le Dynasty, is one piece of the many layers of folk culture that can be found in the northern province of Ha Nam. The four-page book, made with two sheets of copper, is 45cm long, 18.5cm wide and 5cm thick. There are 527 Chinese and Nom words etched into the pages. They tell the story of the construction of the Cau Khong Bridge over the Long Xuyen River in 1472. According to the legend, it was built to connect the Red and Chau Rivers. However, the book is not a simple historical journey about King Le Thanh Tong’s victory over the Champa in the south of Vietnam. It is also legend of the construction of the bridge. The details found within the book have made famous as the King’s prophetic dream. The book says that after the King defeated the Champa in 1470 he stopped to sleep … [Read more...] about Safe hands needed for historic copper epic
Agricultural products seek to gain footholds in foreign markets
Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam is working towards achieving higher levelsof food security. In recent years, the country has adopted various measures to boostagricultural product exports, filling gaps in the global food market. Vietnam’s Ministry of Agriculture and RuralDevelopment (MARD) reported that export earnings from farm produce in the firstnine months of 2017 were estimated at 15.62 billion USD, a year-on-year increaseof 15.2 percent. Meanwhile, aquatic and forestry products brought home 6.73 billionUSD and 6.44 billion USD respectively, up 17.6 percent and 9.9 percent from thesame period last year.[Vietnam acts to ensure food security amidst climate change][Vietnam strides with APEC economies towards food security]The ten-month export volume and value ofVietnamese rice hit 5.05 million tonnes and 2.25 billion USD, annual increasesof 22.3 percent and 21.1 percent, respectively. The country earned 206 millionUSD from exporting 430,000 tonnes … [Read more...] about Agricultural products seek to gain footholds in foreign markets
VN stock market becoming more attractive
As the Vietnamese Government’s plan to equitise State-owned enterprises (SoEs) unfolds favourably, the stock market is expected to offer new investment opportunities. Pham Hong Son, vice-chairman of the State Securities Commission of Vietnam (SSC), spoke about current market situation and the commission’s action plan on the side of the recent Nikkei Asian Review Forum in Ha Noi. Stock indexes have soared since the beginning of the year. What does the Government and SSC have planned to speed up market growth and ensure investors’ confidence? Looking back to 2006, there were two listed stock exchanges with 192 listed companies. Only one of them could manage a market capitalisation of more than US$1 billion. Now there are more than 700 listed enterprises, 23 of which have a market capitalisation of more than $1 billion, so I can safely say that we have come a long way. In the near future, we will continue to closely follow the Prime Minister’s direction in … [Read more...] about VN stock market becoming more attractive