Apartment prices

Tung Ho Steel Vietnam Corp. Ltd. has lowered its steel bar and coil prices by around 3 percent, or VND500,000 ($21.6) a ton. Thai Nguyen Iron and Steel Company sold its steel products at VND18.75-19.07 million a ton, down 2-3 percent. On average, Vietnam steel prices are hovering at around VND18.5-18.7 million a ton, down 3 percent a ton from April but VND1.5-1.7 million higher than the middle of last year. Insiders attributed the drop to lower input costs, with iron ore prices at China’s Tianjin Port falling 11.5 percent to $139 million a ton. Vietnam’s steel industry has satisfied domestic demand, producing 11.4 million tons of finished steel products on consumption of 10.6 million tons in the first four months this year, according to data from Vietnam Steel Association. But prices are still heavily dependent on global material prices as local supply only meets 30 percent of production demand, it added. Costs of public investment projects will surge 20-30 percent this … [Read more...] about Vietnam steel price drops in May

Customers buying MEATDeli, a product of Masan MEATLife, at a Vinmart+ store. — Photo thitmatmeatdeli.com HÀ NỘI — Higher animal feed prices have eroded livestock companies’ profits in the first quarter of 2022. VNDirect Securities Corporation said that the Russia-Ukraine conflict had a negative impact on the animal feed industry as supplies of raw materials for animal feed production like corn, soybeans and wheat, are disrupted, causing prices to rise sharply. The two countries are respectively the world's leading and third largest wheat exporter, accounting for one-third of the total trade of this commodity. Besides, Ukraine is the second largest corn exporter, accounting for 22 per cent of the world turnover. As of early April, the price of imported corn at Cái Lân port, Quảng Ninh Province, reached VNĐ9,200-9,500 per kg (US$0.4-0.41 per kg), an increase of 20-25 per cent compared to the end of 2021 and up 50 per cent over the same period last year. The average price of … [Read more...] about Livestock companies profit hit by rising animal feed prices

According to a Wednesday announcement, the Party's Central Inspection Committee proposed to the Politburo, the Party's decision-making body, to consider disciplinary actions for the Party Committee of the Ministry of Science and Technology during the 2016-2021 period, the Party Committee of the Ministry of Health during the 2016-2021 period, Hanoi chairman Chu Ngoc Anh who served as the science minister during the period, and health minister Nguyen Thanh Long. Deputy health minister Nguyen Truong Son, head of the National Institute of Hygiene and Epidemiology Dang Duc Anh and deputy science minister Pham Cong Tac received warnings. Deputy health minister Do Xuan Tuyen and chief inspector of the health ministry Nguyen Manh Cuong were reprimanded. There are four levels of disciplinary actions for Party members: reprimand, warning, expulsion and demotion. Previously in March, the Central Inspection Committee said the Party Committee and officials of the health ministry for the … [Read more...] about Hanoi chairman, health minister face disciplinary actions over Covid test kit scam

Việt Nam’s commitments to the net-zero emission target have seen the country shifting from fossil fuels to electricity. — VNA/VNS Photo Công Thử HÀ NỘI — For a developing society and economy like Việt Nam’s, energy is the engine behind growth, especially in post-pandemic recovery. While it is important to save energy, what matters is smart consumption – correct, sufficient, and intelligent use of energy. The statement was made by Nguyễn Anh Tuấn, senior expert on energy from the Việt Nam Energy magazine at a seminar on Wednesday. Focusing on the economical use of energy, the event gathered experts in the field to discuss energy transition, renewable energy, and the solutions to ensure electricity supply during the summer months in Việt Nam. Elaborating on Tuấn’s point of view, director of the Centre for Energy and Green Growth Research (CEGR) Hà Đăng Sơn said: “Saving and using energy efficiently is the only way to go to achieve COP26 commitments and energy transformation. … [Read more...] about Việt Nam has huge potential for saving energy: experts

A farmer harvests sugarcanes in Tuyên Quang Province. Photo qdnd.vn HÀ NỘI — After the Vietnamese imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Việt Nam hit a four-year low in Q1 of 2022, speeding up the recovery of domestic sugar. Thailand exported 199,780 tonnes of sugar to Việt Nam in Q1 of 2021. On June 15, 2021, the Vietnamese Ministry of Industry and Trade began to apply trade remedies to the commodity, driving down the figure to just 33,682 tonnes in Q1 of 2022. The decline of Thai sugar has given a boost to domestic production. The Vietnam Sugar and Sugarcane Association (VSSA) reported that 6.4 million tonnes of sugarcane had been pressed by late April to produce 662,530 tonnes of sugar, up 5.1 per cent year-on-year. Domestic producers also saw better profits. Specifically, the leading firm in the industry, Thành Thành Công-Biên Hòa JSC, made an after-tax profit of VNĐ648 billion (US$28.3 million) between July 2021 to March … [Read more...] about Trade remedies to Thai sugar boost domestic recovery

Tu Le Commune, located at the foot of Khau Pha Mountain Pass in Van Chan District, Yen Bai Province, northwestern Vietnam has long been famous for its majestic scenery, especially during the harvest season, and well-known specialties -- sticky rice and young sticky rice flakes. Besides the scenic beauty of nature that attracts thousands of visitors every year, the commune now offers a new destination -- Le Champ Tu Le Resort Hot Spring & Spa. Le Champ means field in French as the name of the destination is inspired by the enchanting, signature scenery in Tu Le -- terraced fields. A dream come true Thanks to the development of tourism in Vietnam, the northwestern region with a charming pristine beauty has become a popular tourist area. Visitors to the area often desire to discover the magnificent nature there, such as the golden, terraced fields that glitter so brilliantly that they reflect the blue sky and white clouds above during the harvest season. A comfortable … [Read more...] about This stunning mountainous resort provides fresh relaxing space in northwestern Vietnam