Lo Cuong rice noodles. (Photo: VOV) Rice noodle makers in Lo Cuong begin a new, busy day at 4 a.m. The village is echoed with the sound of flour mills, rice sheet dryers and cutting machines as villagers talk and laugh loudly, and walk with rapid steps. Rice is soaked 2 hours before it’s milled into soft flour which will then be steamed by a machine. The final step is to dry the rice sheets on bamboo wattles. After being dried, the rice sheets are taken down and cut into small strings. Pham Thi Trien’s family is one of the households in Lo Cuong hamlet A to produce rice noodles by a closed assembly line. With a closed system ranging from flour mills to rice sheet dryers and a 17-shelf drying machine, Trien’s facility regularly produces up to 3 tons of rice noodles. “In the past, all production steps were done manually. Two years ago, we began to use the closed production line. Traders come directly to my house to receive the products which will then be … [Read more...] about Lo Cuong rice noodle village thrives despite urbanization
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BRG Group chairwoman Madame Nguyen Thi Nga Passion-fuelled success Having acknowledged the appearance of the golf industry in Vietnam around 1994, Madame Nga admits she took a few years to observe the situation before deciding to invest. The decision was appraised as a bold move since there were only around 1500 Vietnamese golfers recorded in 1999. Back then, golf courses were mainly found in the southern regions such as Song Be, Thu Duc and Dong Nai, with the only exception being Kings Island Golf Resort in North Vietnam. However, after nine years of treading water, foreign investors showed intention of divesting at Kings Island Gof Resort and transferring their shareholdings to other investors. Seizing the opportunity, Madame Nga entered the investment game with no knowledge or experience of golf yet possessing a rare interest in a new industry and the quick wits of a business magnate. She was briefly involved in the negotiation process and bought off the whole ownership of the … [Read more...] about The power of Vietnam’s golf industry
Since issuing corporate bonds has become easy thanks to open regulations, it is necessary to tighten control over bond issuance. According to Saigon Securities Incorporated (SSI), VND129.016 trillion worth of corporate bonds were offered to sell in the first eight months of the year and 90.08 percent was sold. VND22.664 trillion, or 61 percent of bonds, were sold to domestic investors. However, it’s unclear who the ‘domestic investors’ are. Meanwhile, bonds cannot sell to individual investors who don’t have deep knowledge about the market. The analysts blamed the hot corporate bond market on the easy requirements stipulated in Decree 163. Hai Linh Anonymous foreign investor buys entire batch of Phu My Hung bonds Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales. Vietnam’s bond market continues growth Vietnam’s … [Read more...] about Is the corporate bond market too hot?
Dong Nai is leading nationwide in the number of enterprises specialising in processing and exporting wood products with over 1,000 companies, employing about 60,000 workers. This is the first time a collective labor agreement has been signed in local woodwork companies. Under the agreement, every year, the enterprises will consider raising salary for qualified workers in line with regulations, with the minimum raise of 5 percent of their salary based on task and position. The firms will reward at least one month’s salary as a bonus at the end of the year for those who meet requirements, and inform the workers 15 days before the Lunar New Year at the latest. Photo: VNA The agreement also stipulates that mid-shift meals must be of high nutritional value. According to Nguyen Thi Nhu Y, President of the provincial Labour Federation, to achieve the signing of the agreement, relevant agencies have coordinated with the Vietnam General Confederation of Labor (VGCL) to … [Read more...] about Dong Nai: wood firms ink collective labor agreement
Sriwaranyoo Fontip, an agricultural expert from Thailand, introduced sugarcane cultivation processes in Thailand, which ensure 190 tons per hectare in productivity for Thai farmers (nearly triple the average yield in Vietnam). She said the ideal time to plant sugarcane is between October and November. Sugarcane growers should pay special attention to tilling the soil and ploughing must ensure soil is broken to help the roots of the plants reach nutrition and moisture, she said, adding chiseling to a depth of 50 centimeters will be adequate to break the hard compact sub-pan layer. Farmers harvest sugarcane in the southern region. In addition, she recommended farmers have deep insight into water requirements of sugarcane in different growing stages of germination, tillering, grand growth, and maturation and ripening. Normally, an 11-month-old sugarcane plant needs some 1,500 millimeters of water per day. According to Pham Hong Duong, Chairman of the Thanh Thanh … [Read more...] about High-tech farming significant to improve sugarcane quality, productivity