1 million rupees to usd

Shrimp exports provided the biggest contribution to the country's total aquatic product export value in 2017 (Photo: VNA) Vietnam earned some 2.4 billion USD from exporting aquatic products in the first four months of 2018, representing a year-on-year rise of 13 percent.  The US, Japan, China and the Republic of Korea were the biggest importers in January-March, making up 52 percent of the Southeast Asian country’s total aquatic product exports. The highest growth was reported in the Netherlands (55.7 percent), China (44.6 percent) and the UK (33.8 percent). In the four-month period, Vietnam imported 536 million USD worth of aquatic products, up 27.4 percent against the same period last year. Of the figure, 130 million worth of aquatic products were imported in April. Vietnam gained its highest ever aquatic product export value of 8.32 billion USD in 2017, a year-on-year increase of 18 percent, according to the MARD. The Vietnam Association of Seafood Exporters and Producers … [Read more...] about Aquatic product exports bring home 2.4 billion USD in four months

Participants at the workshop (Source: Cong Thuong newspaper) HCM City (VNA) – Myanmar is a promising market for Vietnamese businesses, heard a workshop in Ho Chi Minh City on November 19. Vo Thi Ngoc Diep, Vietnamese Commercial Counsellor in Myanmar, described the growing trade and investment ties as a spotlight in the bilateral relations over the past time. According to the official, Vietnam is now one of the 10 biggest trade partners of Myanmar. In 2018, two-way trade reached 860 million USD, of which Vietnam exported over 700 million USD worth of goods to the market. In the first nine months of 2019, bilateral trade was estimated at 708 million USD, a year-on-year rise of 8.5 percent. Vietnam exported over 530 million USD worth of products to Myanmar. Diep said Myanmar is a potential market for Vietnamese products and services such as iron and steel, electronics, motorbikes and bicycles, food and processed materials, household electrical appliances, construction, … [Read more...] about Myanmar – promising market for Vietnamese businesses

National Assembly Chairwoman Nguyen Thi Kim Ngan (Photo: VNA)   Hanoi (VNA) – National Assembly Chairwoman Nguyen Thi Kim Ngan will lead a high-ranking Vietnamese delegation to attend the 40th General Assembly of ASEAN Inter-Parliamentary Assembly (AIPA 40) and pay an official visit to Thailand from August 25-30. The trip will be made at the invitation of Speaker of the Thai House of Representatives Chuan Leekpai, who is also Chair of AIPA 40. The high-ranking Vietnamese delegation taking part in AIPA 40 aims to continue affirming the Vietnamese legislature’s active and responsible participation in AIPA’s activities and improving Vietnam’s external activities. The AIPA 40 will take the theme “Advancing Parliamentary Partnership for Sustainable Community”, during which NA Chairwoman Ngan will assume the role of AIPA Chair from Speaker Leekpai, organising the AIPA 41 next year and other activities within … [Read more...] about NA Chairwoman to attend AIPA 40 in Thailand

A corner of Phu Quoc island (Photo: VNA)   HCM City (VNS/VNA) - The robust growth of hotels and resorts on Phu Quoc Island in the Mekong Delta province of Kien Giang has resulted in a shortage of workers in the tourism industry. Pham Cong Son, CEO of The Shells resort, said that businesses for many years have been seriously concerned about the shortage. The severe shortage of senior managers at five-star hotels is partly due to the less-than-ideal living conditions on the island, Son said at a recent round-table meeting held by Tuoi Tre newspaper on Phu Quoc Island. To retain workers, businesses have to offer competitive salaries and benefits as well as good accommodations. However, a high turnover rate remains a headache for hotels and resorts.   Nguyen Huu Tuynh, a representative of Premier Residences Phu Quoc Emerald Bay, said his company had recently visited Can Tho city to recruit employees because of the staff shortage. The company plans to hold a job fair … [Read more...] about Phu Quoc faces serious staff shortage in tourism industry

A rice field hit by drought in Cu M'ta commune of M'Drak district, Dak Lak province (Photo: VNA) Dak Lak (VNA) - Over recent months, more than 1,000 ha of plants of crops have withered and died due to a serious drought in M’Drak district, the Central Highlands province of Dak Lak. The Ea Pal reservoir, which has a capacity of more than 410,000 cu.m and supplies water for 80 ha of rice fields in Krong Jing commune and M’Drak town, is 90 percent empty. Besides agricultural damages, residents' daily lives are also heavily affected by the water scarcity. Phan Thi Thanh from Cu M’ta commune said that during the past three months, her family has had to buy canned water for daily use. She has spent 20,000 VND (0.86 USD) per day on water. She considered having a well drilled, but realised she could not afford it since it would cost about 40 million VND (1,700 USD), not a small number by any mean. Nguyen The Thap, head of the … [Read more...] about Dak Lak farmers hit by serious drought