Soybean oil vs rice bran oil

The market fell on Thursday morning, weighed by risk-lowering sentiment. However losses were capped by gains of big stocks. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index dropped 1.21 points, or 0.1 per cent, to 1,248.55 points. It had rose for three consecutive sessions this the week. The market's breadth was negative, with more stocks declining, while liquidity remained low. The benchmark index's reversal was due to losses of some large-cap stocks, especially in the energy sector. But the VN30-Index, tracking the 30 biggest stocks on the HoSE, still ended the morning trade with an increase of 3.35 points, or 0.26 per cent, to 1,273.18 points. In the VN30 basket, 11 stocks jumped, while 17 slid and two stayed flat. The HNX-Index on the Ha Noi Stock Exchange (HNX) dropped 0.77 points, or 0.26 per cent, to 297.34 points. Leading the bearish trend was PV Gas (GAS), down 2.05 per cent. It was followed by BIDV (BID), Masan Group (MSN) and Sabeco (SAB), both down at … [Read more...] about Market reverses rally on losses of oil stocks

General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong and President Nguyen Xuan Phuc on August 7 cabled messages of sympathy to First Secretary of the Communist Party of Cuba Central Committee and President Miguel Díaz-Canel. Prime Minister Pham Minh Chinh and Chairman of the National Assembly Vuong Dinh Hue also extended their sympathy to Cuban PM Manuel Marrero Cruz and President of the National Assembly of People's Power Esteban Lazo Hernandez, respectively, over the tragic incident. The same day, Minister of Foreign Affairs Bui Thanh Son sent a similar message to his Cuban counterpart Bruno Rodriguez Parrilla. Source: VNA … [Read more...] about Vietnamese leaders extend sympathy to Cuba over oil tank explosion

The potential for exporting agricultural products and food from Krasnodar province to Vietnam was tabled at a roundtable held on August 3. Egor Robskyi, Deputy Director of the Chamber of Commerce and Industry of Krasnodar province, affirmed the great potential for business collaboration between the province and Asia-Pacific region, and Vietnam in particular, when the two countries established a full strategic partnership and Vietnam has signed a free trade agreement with the Eurasian Economic Union (EAEU). Kirill Arzamazov, deputy director of the Department of Investment and Small and Medium Business Development of Krasnodar province, talked about the possibilities of developing economic partnership between Kuban region and Vietnam, adding that such a meeting create momentum to increase bilateral trade. Representatives of Vietnamese companies and Krasnoda firms discussed the potential for signing contracts and exporting of sunflower and vegetable oil, cereals, rice, soybeans and … [Read more...] about Vietnamese companies seek cooperation with Russia’s Krasnodar province

Revisions to the Petroleum Law are necessary to help boost the oil and gas industry's development. (Photo: VNA) Hanoi (VNA) – After nearly 30 years of enforcement, the Petroleum Law now needs revisions to be in line with international practices and Vietnam’s energy development strategy and create momentum for the oil and gas industry’s development. Nguyen Van Que, General Director of the Cuu Long Joint Operating Company - which is running the Su Tu Trang (White Lion) project, said the overlaps among existing laws such as the Petroleum Law and the Law on Public Investment have been impeding the implementation of exploration and exploitation projects. Citing difficulties his company faced when operating Su Tu Trang, he said in this law, the regulation on capital preservation at risky projects such as oil and gas exploration and exploitation should be amended in order to attract businesses, especially foreign ones. The Cuu Long JOC also proposed Article 47 on the making, … [Read more...] about Comprehensive revisions needed for Petroleum Law

Muoi Sau (Sixteen) Dessert Soup Stall in Hanoi’s downtown is a well-known place for those who love the sweetness of Hanoi desserts. Che or sweet soup is a Vietnamese dessert that originated in northern Vietnam a nearly century ago. This has long been a familiar nosh of Hanoians to cool off on hot summer afternoons. From the simple sweet porridge cooked from lotus, black or green mung beans, over time, it has become more diverse with different variants. A specialty of Hanoi The mixture of lotus and young rice sweet soup. Photo: Moc Van Interestingly, you can enjoy che in both Summer and Winter. There is no better way to refresh your body in the middle of a hot summer day than having a cool fresh glass of che , and warm your body up with a hot bowl of Vietnamese sweet soup on a freezing winter night. che may be served hot or cold, in bowls, glasses, or over ice. Unlike che from other provinces, Hanoians are very careful in the selection of … [Read more...] about [Quintessence of Hanoi’s cuisine] Muoi Sau sweet soups – quintessence of Hanoi’s nosh

As much of Europe bakes in a third heatwave since June, fears are growing that extreme drought driven by climate change in the continent's breadbasket nations will dent stable crop yields and deepen the cost-of-living crisis. The European Commission on Wednesday urged EU member states to re-use treated urban wastewater as irrigation on the continent's parched farms, after France and parts of England saw their driest July on record. In France, where an intense drought has hammered farmers and prompted widespread limits on freshwater use, there was just 9.7 millimetres (0.38 inches) of rain last month, Meteo-France said. That was 84 percent down on the average levels seen for July between 1991 and 2022, making it the driest month since March 1961, the agency added. The southwestern region of Gironde, already devastated by last month's wildfires, saw a maximum temperature of 39.6 degrees Celsius (103 degrees Fahrenheit) on Wednesday, with Meteo-France predicting a peak on … [Read more...] about Driest July in memory imperils Europe’s crops

For one, the oil and gas industry is under immense pressure to improve operational efficiency, productivity, and worker safety; maintain cybersecurity; and, simultaneously, reduce environmental impact. In order to solve these challenges, oil and gas companies are accelerating their digital transformation. Denis Brunetti, President, Vietnam and Myanmar Ericsson As they adopt use cases around automation, smart safety and environmental monitoring, the oil and gas industry is increasingly looking to advanced cellular connectivity to help drive efficiencies, while being more environmentally sound. The industry is expected to meet the global goal of net-zero carbon by 2050. According to a McKinsey study, the use of advanced connectivity to optimise drilling and production throughput and improvements in maintenance and field operations could add up to $250 billion of value for oil and gas upstream operations by 2030. Digitalisation enabled by cellular connectivity can … [Read more...] about 4G/5G wireless networks driving digitalisation across industries

From five grams of toothpaste to 10 millilitres of cooking oil, many Nigerians struggling with soaring prices now buy their basic necessities in small quantities packed in tiny plastic bags to be consumed on the same day. Consumer brands behind this "sachetisation of the economy" see it as a creative innovation, allowing consumption for all Nigerians, the majority of whom live on less than $2 a day. But critics see the development as an economic and ecological aberration, even as Africa's largest economy struggles with the inflationary fallout from Russia's war in Ukraine. In the streets of Lagos, the vibrant economic capital of Africa's most populous country, small sachets are now part of the decor: they colour its streets, packing the wood and tin shops found on the corner of most streets. Sitting on a stool, Ibrahim Atahire has been running his small grocery store for 30 years in a busy area of Obalende, a popular district of the megalopolis. "At my place, you can buy … [Read more...] about From coffee to toothpaste, Nigerians buy small as hardships bite

Fishermen in Ba Ria – Vung Tau Province are transporting essential commodities onto their boats for offshore fishing trips. 46-year-old fisherman Nguyen Van Muoi from Hoang Mai Town of Nghe An Province happily shared that he has just come ashore to sell 40 tonnes of squid and 10 tonnes of fish. When the oil price increased last month, it took him nearly VND300 million (US$12,800) to buy fuel. Luckily, the last trip was bountiful, and his profit came to VND300 million. Packing next to Muoi’s boat is the boat of 43-year-old Chuong Van Thanh from Hai Cang Ward of Quy Nhon City. He is buying the last items for his upcoming fishing trip, and is in high spirit thanks to the fuel price drop. Along fishing ports of Binh Thuan Province – one of the three major fishing grounds of Vietnam – the bustling and eager spirit can also be felt among fishermen. Tran Thanh Nhan from Phan Thiet City and his 20 friends are busy moving necessary items onto their boat for their offshore fishing … [Read more...] about Fishermen eagerly rushing to sea thanks to fuel price drop

Kuala Lumpur (VNA) – Malaysia and the EU held the 8th Senior Officials' Meeting at the premises of the EU delegation in Kuala Lumpur on August 1. The meeting covered a broad range of issues of mutual interest. They welcomed the upcoming EU-ASEAN Summit as an opportunity to enhance, besides the regional, the bilateral EU-Malaysia relations as well. The sides agreed to step up cooperation notably in the areas of trade and investment, security, human rights, economy, climate change, environment and forests, energy security and renewable energy and sustainable supply chains. They also welcomed the progress towards the signing of the Malaysia-EU Partnership and Cooperation Agreement (PCA), aiming to sign the agreement within the framework of the EU-ASEAN Summit in December in Brussels. The participants also confirmed they remained interested in a possible future resumption of trade negotiations once the conditions are right. On palm oil, they recalled the Second Joint Working … [Read more...] about Malaysia, EU hold 8th Senior Officials’ Meeting