New trends in Vietnam’s rice exports 2018 is witnessing new trends in Vietnam’s rice export sector, notably the priority of exporting high-quality rice through international bidding as well as stricter and more diverse trade barriers from importing countries. Preliminary data by the General Department of Customs shows that Vietnam exported 264,500 tonnes of rice in October, generating a revenue of US$135.56 million, up 22.96% in volume and 31.8% in value, compared with the same month last year. The total volume of rice exports in the first ten months of 2018 was 5.15 million tonnes, worth US$2.6 billion, representing year-on-year increases of 6.62% and 21.49% in volume and revenue respectively. What is notable during the period is that the price of Vietnamese rice has now surpassed that of Thailand, averaging at more than US$500 a tonne, up about 15%. In 2016, Vietnam exported 4.8 million tonnes of rice, bringing in US$2.1 billion. The respective volume and revenue figures … [Read more...] about BUSINESS NEWS IN BRIEF 20/11
Bringing new cat home to another cat
Finding new ways to boost local tourism Born and bred on Ly Son Island, Le Van Thanh spent his childhood along the beautiful beaches of the island. Despite studying far from home, he always nurtured an aspiration of returning to his hometown to start his career. During summer time and breaks in the semesters, Thanh had the opportunity to join geological and archaeological experts on their journey to explore Ly Son’s underwater geological features. The trips helped Thanh explore more about the century-old dead volcano on Ly Son Island and the geological heritage hidden deep under the blue ocean, which urged him to follow his dream of conquering the sea. After three years as a student majoring in travel management at the Hue Tourism College, Thanh decided to return to his island district and established the Ly Son Volcano Dive Centre as his start up project. “After I told my father about my plan and clear goals, I received support from my family. I’m young and … [Read more...] about Ly Son youngsters return to their hometown to start their own careers
SCB signs deal with three Hong Kong banks Saigon Joint Stock Commercial Bank (SCB) and three Hong Kong banks on Monday signed a co-operation agreement on syndicated credit financing. Under the agreement, SCB, Hang Seng Bank Limited, Chong Hing Bank Limited and The Bank of East Asia Limited committed to support financial investment and ensure a stable financing source for Union Square Company Limited, which operates in the field of real estate. The signing was made within the framework of an investment development co-operation event held by the Viet Nam Chamber of Commerce and Industry (VCCI) in co-ordination with Hong Kong Trade Development Council (HKTDC) in HCM City on Monday. Also at the event, the four banks signed a strategic agreement for comprehensive and long-term co-operation in exchanging experience on investment and financial management, increasing business relations, conducting research and investment, and especially providing credit to local and foreign … [Read more...] about BUSINESS NEWS IN BRIEF 26/8
VietNamNet Bridge - The legal provision that breeding elephants could be subject to court proceedings has raised controversy. Hoang Thi Minh Huong, Deputy Judge of the Lam Dong People's Court The Judges Council of the Supreme People's Court, with Change and WildlifeAid, recently organized a workshop about its draft resolution that guides the implementation of several Penal Code provisions on wildlife related crimes. The draft resolution stipulates that from January 1, 2018, persons who illegally store wild animals or parts of their bodies, or products of wild, endangered, rare and precious animals (such as ivory) will be examined for penal liability as defined in Article 234 and Article 244 of the 2015 Penal Code. Hoang Thi Minh Huong, Deputy Judge of the Lam Dong provincial People's Court, said there are many forests in this locality, including the Cat Tien National Park. However, in the last four years, the provincial court has only tried two cases related to breeding in captivity … [Read more...] about Does a new law prohibit elephant breeding?
The Vietnamese village that is home to this art lost almost all its treasures in the form of paintings and woodblocks when the French torched many of its homes, and in an ironic twist of fate, now sells paper offerings to burn.Meanwhile, a handful of people trying to preserve and promote this art face new problems.To illustrate this, artist Nguyen Huu Qua spreads out two versions of a popular Vietnamese motif – “The Rat’s Wedding.”One is a painting made by him and the other is one bought from a shop selling souvenirs in Saigon.Even to a layperson, the differences between the two are obvious.The mass produced one is printed, not painted, on thin paper with pale and blurred brush strokes, and several details are left without colors.And those who know Chinese characters will see more inaccuracies in the painting from the gift shop.“A Dong Ho painting does not just have the picture. It also has Chinese letters to pass on a message. In the 'Rat’s … [Read more...] about What the rat race has done to the Rat’s Wedding