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Vinh Hoan Corporation (VHC), one of the top producers and exporters of basa fish in the country, raked in more than $34.2 million in the second quarter of this year, triple compared to one year ago, setting a record since the company came on the bourse in the fourth quarter of 2007. This means VHC has fulfilled nearly 84 per cent of the year's profit plan just after six months. Similarly, Sao Ta Food JSC also eyed a record quarterly profit since going on the bourse in the fourth quarter of 2006. Along with this, the company counted more than $5.13 million in post-tax profit in Q2, showing a 30 per cent jump on-year. The seafood sector reaped $6.7 billion in total export value in the first seven months, showing a 35 per cent jump on-year IDI Development and Investment Corporation reaped nearly $100 million in Q2, up 8.5-fold on-year, reaching its highest profit level since its first disclosure of information to the public in the first quarter of 2010. Nam Viet … [Read more...] about Seafood producers eye record profit yet face mounting challenges

Double digit export growth According to the Hanoi People’s Committee, the export turnover of goods in June 2022 reached about US$1.517 billion, up 6.8 percent from May 2022 and 17.5 percent from June 2021. In the first half of this year, the commodity exports turnover reached US$8.3 billion, up 17.1 percent over the first half of 2021. Some key items with increased export turnover in this period included textile and garment, reaching US$1.22 billion, up 29.6 percent; computer components and peripherals, US$1.072 billion, up 20.2 percent. The total import turnover of goods hit US$3.675 billion in June and US$20.5 billion in the first six months of 2022, the latter of which is 24.5 percent higher than the same period in 2021. Among the items of highest value were machinery, equipment and spare parts reaching US$2.996 billion, down 5.6 percent; petroleum US$2.934 billion, 2.8 times higher than the same period in 2021; computers, electronic goods and components at US$1.535 … [Read more...] about Hanoi helps firms implement trade deals

The Association of Vietnamese in Malta will contribute to developing friendship and cooperation between the two countries. The Association of Vietnamese in Malta was established on August 14, debuting its executive committee. Vietnamese in Malta. Photo: Vietnamese community in Malta Speaking at the ceremony, Vietnamese Ambassador to Italy Duong Hai Hung expressed his pleasure to join and witness the establishment of the Association of Vietnamese in Malta, an important event in the life of the Vietnamese community in that country. The ambassador affirmed the policy of the Vietnamese Party and State to pay attention to Vietnamese abroad. Guidelines and policies aimed at Vietnamese abroad have been increasingly improved, especially Politburo Conclusion No. 12 on work related to Vietnamese expatriates in the new situation. Ambassador Hung said the association will gather the Vietnamese community in Malta, and protect their legitimate rights and interests. It … [Read more...] about The Association of Vietnamese in Malta established

Cable car at Ba Den Mountain in Tay Ninh Province According to Deputy General Director of Saigontourist Tran Quoc Bao, the company launches more than 100 domestic and international tours serving around 30,000 turns of visitors during four-day holidays. Similarly, other travel agencies including Vietravel, Fiditour - Vietluxtour, TSTtourist and so on have massive tours to famous destinations and luxury resorts discovering culture and history in Ho Chi Minh City and other provinces. Among them, the top selected destinations are Nha Trang, Phu Quoc, Ba Den Mountain in Tay Ninh Province and so on. Son Tien water park, the biggest water park in Vietnam With its location nearby Ho Chi Minh City, Dong Nai Province is on the top list of numerous visitors, comprising Buu Long Tourism Area in Bien Hoa City, Son Tien water park. It is calculated that Son Tien water park welcomed dozens of thousands of visitors a day and it is expected that numerous tourists will flock to the tourism … [Read more...] about Tours nearly fully booked for National Day holiday

illustrative photo With the message ‘Asian seafood house’, the Vietfish 2022 International Seafood Exhibition organized by the Association of Seafood Exporters and Producers - VASEP will take place from August 24 to 26, 2022 at the Saigon Exhibition and Convention Center (SECC) at 799 Nguyen Van Linh in Ho Chi Minh City’s District 7. The event will see the participation of nearly 200 units with 362 exhibition booths in various fields. The Vietfish 2022 not only connects leading enterprises in the quality of shrimp, fish, and mollusks but also businesspersons can collect the latest information and achievements in seed, animal feed, biological products, equipment technology, production and processing. Attendees can experience directly the models, and technology and directly evaluate the quality of seafood through fresh or ready-made products at the booth. Additionally, Vietnamese consumers will have the opportunity to learn and enjoy 100 percent Vietnamese seafood products … [Read more...] about International Fisheries Exhibition-Vietfish 2022 returns to HCMC from August 24

Four additional vaccines included in the program from 2022 are a vaccine against Rotavirus, a vaccine against pneumococcal disease from 2025, a vaccine against cervical cancer from 2026, and a vaccine against seasonal flu from 2030. In the resolution, the Government agreed with the Ministry of Health’s roadmap to increase the number of vaccines in the Expanded Immunization Program for the 2021-2030 period. According to the Ministry’s proposal, the vaccine against Rotavirus will be included in the program from 2022, a vaccine against pneumococcal disease in 2025, a vaccine against cervical cancer in 2026, and a vaccine against seasonal flu from 2030. The resolution clearly stated the scope and number of beneficiaries as proposed by the Ministry of Health. In the case of mobilizing domestic aid and support, or supplementing with the state budget, the Ministry of Health may decide whether this roadmap can be implemented sooner. The Government has agreed to allow provinces and … [Read more...] about Four more vaccines to be added to Expanded Immunization Program

The draft laws include the Law on Petroleum (amended), the Law on Domestic Violence Prevention and Control (revised), the Law on Inspection (amended), the Law on Implementation of Democracy at Grassroots Level, and the law amending and supplementing some articles of the Law on Radio Frequencies. They were scrutinized at the third sitting of the legislature which took place last May and June, and are expected to be adopted in the next meeting, slated for October, said N.A. Chairman Vuong Dinh Hue in his opening remarks. All of the five bills gained high consensus of legislators at the previous meetings of the N.A. Standing Committee as well as the third sitting of the legislature, he said, asking the participants to look into the remaining contentious contents to perfect the documents. The full-time legislators will also give opine over the other draft laws to be submitted to the N.A. for the first time during the fourth meeting, namely the Law on Protection of Consumer Rights … [Read more...] about N.A. Standing Committee convenes law-making session

T&Y SuperPort Vinh Phuc SC (T&Y) – a joint venture between YCH Group and Vietnamese conglomerate T&T Group – inked two MoUs with VNA and VNR on August 12 to embark on the first multimodal connectivity partnerships for the first-of-its-kind smart logistics infrastructure project in Asia – Vietnam SuperPort – that is slated for completion by 2025. Vietnam SuperPort is the first multimodal infrastructure project invested in by a Singaporean firm in Vietnam. The project is expected to strengthen logistics and supply chain connectivity in the ASEAN region with the adoption of technologies and innovative solutions and driven by the strong economic ties made possible by the close partnership between Vietnam and Singapore and the strong business connections between the two nations. Executive chairman of YCH Group Robert Yap said, “The MoUs with VNA and VNR are an important milestone for Vietnam SuperPort. For a smart logistics infrastructure project of this stature, … [Read more...] about Vietnamese and Singaporean firms partner to improve supply chain connectivity

The Vietnamese Ministry of Health on Monday reported an additional 1,695 Covid-19 infections, raising the country's total tally to over 11 million. Illustrative photo According to the ministry's report, the national caseload has so far increased to 11,367,479. On August 15, an additional 9,257 more patients recovered from the disease, raising the number of recoveries in the country to over 10.02 million. On Monday evening, no deaths from Covid-19 were recorded, the country's total fatalities stayed at 43,098, accounting for 0.4 per cent of total infections. By August 15, the country had injected more than 251 million doses of Covid-19 vaccines. Vietnam has not yet drafted plans to give Covid-19 vaccines to children under five years old. The country is targeting the completion of Covid-19 inoculation for children aged between 5 - 11 in August, as well as the administration of the third shot for those aged 12 - 17, as well as the third and fourth doses … [Read more...] about Additional 1,695 new Covid-19 cases confirmed on Monday

A training course on Vietnamese language teaching opened in Hanoi on Monday for 80 Vietnamese teachers from nine countries. A Vietnamese language teaching class in the Czech Republic. — VNA/VNS Photo Addressing the opening, Vice Chairman of the State Committee for Overseas Vietnamese (OV) Affairs Mai Phan Dũng said that for the 5.3 million-strong Vietnamese community abroad, maintaining the use of the Vietnamese language is significant in keeping their connections with the Fatherland. However, he pointed to the risk for the language to fall into oblivion among the community, especially young generations who are born and raised abroad. The limitations of teaching methods and textbooks is also a great challenge for the community, he added. Dung said that as part of efforts to spread love for the Vietnamese language among the community, recently, the Government chose September 8 as the Day for Honouring Vietnamese Language in Vietnamese Communities … [Read more...] about Training course for Vietnamese teachers abroad opens