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Synopsis Rice bran oil accounts for a small portion of overall vegoil consumption in India but is one of the fastest-growing among edible oils, industry officials say, and production and imports are set to increase to meet the demand. Rice bran has become a sought-after commodity in India as the world's biggest importer of vegetable oils tries to overcome an edible oil shortage caused by global supply disruptions. A by-product in rice milling, rice bran has been traditionally used for cattle and poultry feed. In recent years, oil mills have started extracting rice oil, which is popular among health-conscious consumers but historically more expensive than rival oils. Rice bran oil accounts for a small portion of overall vegoil consumption in India but is one of the fastest-growing among edible oils , industry officials say, and production and imports are set to increase to meet the demand. The recent rally in global edible oil prices fuelled by Indonesia's … [Read more...] about Humble rice bran becomes hot commodity as India scours for edible oils

Speaking at ‘UK Market: Unlocking great potential by leveraging advantages of the UKVFTA,’ Oliver Todd, British consul general in HCM City, said Vietnam could replace other countries such as India and Indonesia as a major supplier of agricultural and aquaculture products to his country. Todd, who is also director of UK Trade and Investment in Vietnam, said Vietnamese exporters should be well prepared if they want to boost exports to the choosy market. It is important to learn about import demand and standards and requirements for exporting to the British market, he said. Chris Milliken, vice president of the British Chamber of Commerce in Vietnam (BritCham), said there is ample scope to grow bilateral trade thanks to the trade deal. “Vietnam and the UK are not competing against each other in any industry; they commercially complement each other.” He pointed to the FTA as the leading pillar of the joint commitment to deepen bilateral trade, saying it was a mutual agreement to … [Read more...] about Vietnam becomes major supplier of farm produce to UK

Energy Observer on the Saigon River, HCM City. — Photo from Toyota HCM CITY — Energy Observer – the world’s first hydrogen-powered, zero-emission vessel that is self-sufficient in energy – continues its journey in Southeast Asia, with the 73rd stopover of its round-the-world Odyssey being in HCM City, Việt Nam. Arriving in the Vietnamese southern hub on June 22, the crew plans to present the ship's autonomous zero-emission system to several hundred visitors, decision-makers, students and school children in collaboration with the French Consulate in the city. Setting sail from its port of registry of Saint Malo in 2017, Energy Observer has already covered over 50,000 nautical miles, made 72 stopovers, 16 of which have been with its travelling pedagogical village, and visited over 40 countries. Born out of a legendary catamaran whose many accolades include being the fastest sailboat around the world with Sir Peter Blake, Energy Observer is a laboratory for ecological … [Read more...] about World’s first zero-emission boat visits HCM City

Generali Vietnam introduces services to customers. The company reported a positive business result in the first quarter of this year. — Photo Courtesy Generali Vietnam Insurer Generali posted positive growth in the first quarter of this year, highlighted by gross written premiums increasing by 6.1 per cent to 22.3 billion euros (US$23.4 billion). In its latest announcement, the company confirmed that “business development in the most profitable segments demonstrates the group’s ability to consistently generate value, while maintaining a solid and industry-leading capital position.” Operating results rose to 1.6 billion euros ($1.7 billion), up by 1.1 per cent, thanks to the positive performance of the life, property and casualty (P&C), holding and other businesses segments. The life segment showed an increase in its operating result by 7.2 per cent and confirmed excellent profitability, with the new margin at 4.94 per cent. The operating result of the P&C segment … [Read more...] about Generali announces positive growth in Q1

One of the two Indian Navy ships visits Ho Chi Minh City Representatives of the Ministry of Defense and the Navy army welcomed the two Indian navy ships. The INS Sahyadri is the third ship of the P17 class of stealthy guided-missile destroyers. The ship was designed in-house by the Indian Navy's Design Institute and built by Mazagaon Dock Company in Mumbai. Commissioned on July 21, 2012, the ship features a range of tailored weapons sensors that enable it to operate effectively in high-threat environments. The ship's offensive and defensive weapon systems include long-range anti-ship/surface-to-surface missiles, medium- and short-range surface-to-air missiles, medium-range gun platforms, close-range weapons systems, and anti-torpedo submarines, anti-submarine missiles, and an advanced domestically manufactured sonar device to counter any threat from the ground, underwater or in the air. In addition, the ship is also capable of carrying two multi-purpose helicopters, adding … [Read more...] about Two Indian Navy ships visit Ho Chi Minh City

The talk show Digital transformation with 5G – The Path to Smart Factories in Vietnam hosted by VIR reviewed the trends of digital transformation and automation in Vietnam’s manufacturing sector At the talk show Digital transformation with 5G – The Path to Smart Factories in Vietnam hosted by VIR , Seck Yee Chung, member of the Steering Committee of the Vietnam Business Forum's Digital Economy Working Group said, “Companies from different industries have to adapt to new technologies to compete and survive. However, adaptation is not an easy process. I suggest companies can focus on the four As, which include awareness, accessibility, adaptation, and advancement." Chung added, “One of the challenges right now is knowledge. There are so many technologies and so many new exciting opportunities. You see it but where do you start. That is the stage where you are required to assess your needs to see what is critical and who can help you. Small and big companies may struggle to deal … [Read more...] about A more connected manufacturing sector through smart applications

A Vietnam appellate court has cut the prison term of former Hanoi administration chairman Nguyen Duc Chung by three years following his fulfillment of a US$1 million compensation requirement issued during his hearing last year for an offense related to the purchase of Redoxy-3C to treat polluted lakes in Hanoi. After a three-day appellate trial, the High People’s Court in Hanoi on Wednesday issued commutations to Chung and his two accomplices for sentences handed down by the Hanoi People’s Court in December for “abusing positions and powers while performing duties.” Accordingly, Chung received a three-year commutation after the court considered his past achievements and his fulfillment of the VND25 billion ($1.07 million) he owed in compensation for his crimes, as required by the first-instance court. The total amount included VND10 billion ($429,700) previously paid during the first instance hearing and the remainder recently settled at the appellate trial. Along with a … [Read more...] about Hanoi’s former chairman earns 3-year commutation after fulfilling $1mn compensation