1 trillion yen to billion usd

HCM City (VNA) – The export of coffee declined in both volume and value last year due to certain difficulties that are forecast to linger on for the time to come, insiders have said. Nguyen Viet Hai, Vice Chairman of the Vietnam Coffee - Cocoa Association (Vicofa), told a meeting in Ho Chi Minh City on January 15 that in the 2019 - 2020 crop, 1.61 million tonnes of the bean was shipped abroad at the average price of 1,740 USD per tonne, bringing home 2.8 billion USD. The figures respectively fell 5 percent, 0.4 percent, and 5.3 percent from the previous crop. The export volume of processed coffee (roasted and ground coffee, instant coffee) dropped by over 17 percent to 110,000 tonnes, resulting a fall of 8.7 percent in value to more than 443 million USD, he pointed out. Hai noted coffee prices remain unstable, leading to a plunge in the purchase of the produce from farmers in the 2020 - 2021 crop. Fresh coffee is currently priced at 6.7 million - 6.9 million VND (about 289 - … [Read more...] about Difficulties still ahead for coffee sector: insiders

Hanoi (VNA) – High hopes are pinned on Vietnam’s rice export in the early months of 2021 after the price of its 5-percent broken rice exceeded 500 USD per tone last year, the highest since the end of 2011. The country’s rice export is likely to grow further in the first quarter of this year since the ongoing COVID-19 pandemic has led to increasing food demand in a number of Vietnam’s major markets in Southeast Asia and Africa which have placed more orders for Vietnamese rice, according to Nguyen Quynh Nga from the Vietnam Institute of Industrial and Trade Policy (VIOIT). Meanwhile, China’s rice imports are expected to bounce back due to a sharp increase in domestic price and unfavourable weather. China’s rising demand will offer a good opportunity for Vietnam, particularly given that the two countries have established a hotline to facilitate the trade of agricultural products which was disrupted by COVID-19. Vietnam’s newly-signed trade … [Read more...] about Q1 rice export outlook remains promising

Former Deputy Minister of Industry and Trade Nguyen Nam Hai has been summoned for his alleged connection with the State property misuse and mismanagement case of ex-Minister of Industry and Trade Vu Huy Hoang at the Saigon Beer - Alcohol - Beverage JSC (Sabeco). (Photo: moit.gov.vn) … [Read more...] about Former deputy minister summoned for Vu Huy Hoang’s trial

According to the World Health Organization (WHO), more than a third of cancer deaths can be prevented by avoiding the five leading behavioral and dietary risks - high body mass index, low fruit and vegetable intake, lack of physical activity, smoking, and alcohol consumption. … [Read more...] about Vietnam position worsens on global cancer map: report

In Hanoi, in spite of the COVID-19 pandemic, in the first three months of this year, more than 6,300 new businesses were established with total capital of VND103 trillion ($4.5 billion). It was an increase of one per cent in terms of the number of new businesses compared to the same period last year but a surge of 98 per cent of registered capital. … [Read more...] about Supporting start-ups to adapt to new normal