Cambodia central market

Prime Minister Phạm Minh Chính on Sunday met with leaders of Gia Lai to review the Central Highlands province’s socio-economic development in 2021 and plans for the future. Prime Minister Phạm Minh Chính meets with top officials of the Party Committee of the Central Highlands province of Gia Lai on May 22. The meeting took place in Pleiku City, with Government leaders and Gia Lai’s top officials. The officials reported on the province’s past development and proposed new projects to be approved by the Prime Minister. Reviewing Gia Lai’s achievements and challenges in 2021, Hồ Văn Niên, secretary of the provincial Party Committee, said they were able to reach the “dual goal” of keeping up economic growth while dealing with COVID-19. This was illustrated in its Gross Regional Domestic Product (GRDP) increasing by 9.71 per cent compared to 2020, he said. The production value of agriculture, forestry and fishery reached VNĐ49.60 trillion (US$2.14 … [Read more...] about Gia Lai should be driving force of Central Highlands by 2030: PM

In April, Viet Nam's cashew exports reached 49,000 tonnes, earning US$290 million. — Photo dangcongsan.vn Enterprises should prioritise investment in developing value-added cashew products to avoid losing its market share instead of only focusing on wholesale, according to experts. Viet Nam's cashew nut is dominant in the EU market, however, it is mainly raw material and there are very few processed products, especially roasted and spiced products according to the taste of EU customers. Meanwhile, products made from cashews, especially spiced cashews, chocolate covered cashews, cashew milk, and cashew yoghurt, are becoming more and more popular for EU consumers because they are healthy alternative foods. “Diversifying cashew products has also pushed the demand for those products up in the EU market. Domestic enterprises need to have market research and investment in the processing stage to maintain their market shares in this market," Vu Anh Son, a representative of the Viet … [Read more...] about Viet Nam should prioritise value added cashew products for EU market

The local aviation market experienced a strong recovery in April. — VNA/VNS Photo The aviation market in Viet Nam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts. According to the Civil Aviation Authority of Viet Nam (CAAV), in April, Viet Nam's airports handled 6.6 million passengers, down 14.3 per cent compared to the same time last year but the number of foreign visitors reached more than 230,000 in April, an impressive increase of 502 per cent over the same period last year when COVID-19 was developing in a complex fashion. CAAV said Vietnamese airlines transported 3.28 million passengers, including 80,000 foreigners. Compared to the same period last year, the number of international passengers choosing services of Vietnamese airlines rose 214.7 per cent, while the number of domestic passengers dropped 18.2 per cent. As for cargo transport, in April, 140,700 tonnes of cargo were transported through Viet … [Read more...] about Local aviation market sees strong recovery

The aviation market in Vietnam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts. The local aviation market experienced a strong recovery in April. VNA/VNS Photo According to the Civil Aviation Authority of Vietnam (CAAV), in April, Vietnam's airports handled 6.6 million passengers, down 14.3 per cent compared to the same time last year but the number of foreign visitors reached more than 230,000 in April, an impressive increase of 502 per cent over the same period last year when COVID-19 was developing in a complex fashion. CAAV said Vietnamese airlines transported 3.28 million passengers, including 80,000 foreigners. Compared to the same period last year, the number of international passengers choosing services of Vietnamese airlines rose 214.7 per cent, while the number of domestic passengers dropped 18.2 per cent. As for cargo transport, in April, 140,700 tonnes of cargo were … [Read more...] about Local aviation market sees strong recovery

The bank is collecting feedback on its draft circular to replace the current version with stricter conditions for receiving short-term foreign loans to ensure a national debt limit. The draft will allow Vietnamese businesses to access short-term foreign loans for paying debt, but not for potentially risky purposes like trading stock and real estate. This is because once the stock and real estate market grows way above its intrinsic value, there would be a high chance of creating an asset bubble, causing economic instability. The central bank plans to ban the use of short-term foreign loans to buy projects or stakes in them, since mergers and acquisitions involve long-term investment and commitment. It also plans to ban companies using short-term foreign loans to acquire projects or stakes in projects, as mergers and acquisitions are long-term activities. Short-term loans could result in liquidity risks if used for medium- and long-term purposes, it explained. Companies may … [Read more...] about Central bank limits foreign loans for trading stock, real estate

The delegates cut the ribbon to open a new MM's Depot in Sapa Town on May 21. — Photo MM Mega Market Vietnam MM Mega Market Vietnam opened a new Depot in Sapa Town, northern Lao Cai Province, on May 21, expanding its distribution network system to five depots nationwide. This is a significant step forward in the sustainable development and expansion of MM Vietnam in the distribution network system from 2020 to 2025 to serve better its professional customers, especially the Hotel–Restaurant–Catering/Cafe/Canteen (HORECA) channel. "Viet Nam's tourism industry in the post-COVID-19 period is expected to recover and catch up with strong development momentum quickly. Throughout Viet Nam, MM is expanding its ability to meet growing customer demand for high-quality, responsibly and sustainably produced products. We look forward to bringing our expertise and supply capabilities closer to even more customers in Viet Nam," said Managing Director of MM Mega Market Vietnam Bruno Jousselin. … [Read more...] about MM Mega Market Vietnam opens fifth depot in Sapa