Back to English Comments Industries - October 3, 2018 | 12:02 pm GMT+7 Farmers’ hopes once climbed high on pepper vines in the Central Highlands; today, they are entangled in debt and misery.As the monsoon season ended in the Central Highlands, Lac packed up his belongings and embarked on a southward journey. Leaving behind his grass-covered fields, a tractor that has not been touched for months and a couple of goats that no one wanted to buy, he would work as a security guard for a restaurant in Saigon.Lac has to undertake this journey to save his house from being seized by the bank. His family has been unable to pay their bank loan's interest for months as the pepper vines that they’d invested all their money in now stand shriveled. Vui, on the other hand, has remained at home in Chu Puh District. She shares Lac’s fate. The pepper vines that had borne the hopes and expectations of her family have now buried her in debt. Unlike Lac, she has stayed behind to … [Read more...] about Tragedy of errors: Central Highlands farmers peppered with a debt crisis – VnExpress International
Central highlands of vietnam
Tragedy of errors: Central Highlands farmers peppered with a debt crisis
As the monsoon season ended in the Central Highlands, Lac packed up his belongings and embarked on a southward journey. Leaving behind his grass-covered fields, a tractor that has not been touched for months and a couple of goats that no one wanted to buy, he would work as a security guard for a restaurant in Saigon.Lac has to undertake this journey to save his house from being seized by the bank. His family has been unable to pay their bank loan's interest for months as the pepper vines that they’d invested all their money in now stand shriveled. Vui, on the other hand, has remained at home in Chu Puh District. She shares Lac’s fate. The pepper vines that had borne the hopes and expectations of her family have now buried her in debt. Unlike Lac, she has stayed behind to wait for the fruits of her last gamble: over 100 pepper vines in her farm have survived the monsoon season, and her family has poured all their remaining money and effort into them.However, the end of the … [Read more...] about Tragedy of errors: Central Highlands farmers peppered with a debt crisis
Truck crash kills 5 in Vietnam’s Central Highlands
A truck is badly damaged after a series of crashes near Da Lat in the Central Highlands on Monday morning. Photo by VnExpress/Khanh Huong One truck driver and four other people died on the spot. Five people were killed in a series of crashes initiated by a speeding truck in Lam Dong Province in the Central Highlands on Monday morning. The accident happened on Highway 20 in Phi Nom at 8 a.m., around half an hour south of the popular resort town of Da Lat, when a truck carrying manure hit another truck loaded with potatoes and tried to flee the scene. The manure truck driver crashed into multiple cars and motorbikes traveling in the same direction, before slamming into local houses and flipping over. Five people died, including the manure truck driver. Many people were also injured. "It was a huge crash," the potato truck driver said. The manure truck, three cars and five motorbikes were heavily damaged. An initial investigation found the manure truck was driving at 97kph, way … [Read more...] about Truck crash kills 5 in Vietnam’s Central Highlands
Divorce of Vietnam’s coffee royalty gives rise to a new ‘king’
Social media was abuzz in early April when the estranged wife of Vietnam’s 'Coffee King' spoke to the press for the first time about their lengthy divorce. Before the relationship took an ugly turn in 2015, Dang Le Nguyen Vu, founder and chairman of Trung Nguyen, had the country and international media in awe as his coffee brand became a household name and subsequently conquered 60 international markets. Little did the public know about Vu’s wife, Le Hoang Diep Thao, who stayed out of the limelight as she ran the company as its deputy director and minority shareholder, until Vu ousted her in 2015. What ensued has become a costly legal battle over Trung Nguyen Group’s ownership, and with charter capital of VND1.5 trillion ($65.85 million), each side is accusing the other of obstructing the company’s operations. A shot of Dang Le Nguyen Vu, CEO of Trung Nguyen Coffee. Photo courtesy of Dang Le Nguyen Vu's official Facebook fanpage The rise of Vu and Trung … [Read more...] about Divorce of Vietnam’s coffee royalty gives rise to a new ‘king’
Central Highlands provinces asked to not expand macadamia area
A macadamia grower in the Central Highlands(Photo: VNA) Dak Lak (VNA) – The Central Highlands provinces of Dak Lak, Lam Dong, Dak Nong, Gia Lai and Kon Tum have stopped expanding the area grown with macadamia trees, said the Tay Nguyen Agro-Forestry Science Technology Institute. Meanwhile, local farm households and businesses are advised to focus on the cultivation of planted trees. Macadamia trees have recently been grown in the Central Highlands on a pilot project and given yields after 5-7 years. Experts say further studies on land, climate, seedlings and cultivation techniques should be carried out before the tree is put into large-scale cultivation in the region. Director of the Dak Lak Department of Planning and Investment Dinh Xuan Ha said local farmers should grow macadamia trees along with industrial and perennial fruit trees such as coffee, avocado and durian to maintain their income and avoid risks. Macadamia trees made first appearance in Vietnam in the 1990s, but … [Read more...] about Central Highlands provinces asked to not expand macadamia area