A corner of Gia Lai province - Illustrative image (Source: baodautu.vn) HCM City (VNA) - The Central Highlands province of Gia Lai sought investors for 22 projects at an investment promotion conference in Ho Chi Minh City on November 23. The projects are in various sectors, including infrastructure, agro-forestry processing, building materials, consumer goods, education, culture, sport, tourism, and renewable energy. Spread over an area of 15,500 sq.km, Gia Lai is the country’s second largest province and has a population of more than 1.4 million including 14 ethnic groups. It grows a lot of major cash crops such as coffee, rubber and pepper, and so investment in processing of agricultural products is required, according to Ho Phuoc Thanh, Director of the provincial Department of Planning and Investment. He highlighted the province’s favourable geographic location in the central coast – Central Highlands region and the development triangle of … [Read more...] about Gia Lai calls for investment in HCM City
Duc long gia lai group
Gia Lai ready for gong cultural festival
Young members of Gong team in T'Nung 1 village in Ya Ma commune practice ahead of the 2018 Gong Festival (Photo: VNA) Gia Lai (VNA) – The preparation for the 2018 Gong Cultural Festival slated for November 9 - 11 in the Central Highlands province of Gia Lai has been basically completed. Phan Xuan Vu, Director of the Gia Lai Department of Culture, Sport and Tourism, said the provincial culture, sport and tourism sector has prepared well for the event. To maintain and promote the value of the gong culture, the provincial education sector has implemented a training programme and extracurricular activities on the use of gongs in all local boarding schools in recent years. Besides, Gia Lai has organised gong festivals from the grassroots to provincial levels to select outstanding artisans for this year’s festival. According to Vu, to preserve gong culture, it is necessary to conserve all long-lasting cultural values of ethnic minority groups in the Central … [Read more...] about Gia Lai ready for gong cultural festival
What can businesses ‘harvest’ after ‘sowing capital’ in agriculture?
VietNamNet Bridge - Many large corporations in different business fields have rushed to pour capital into agriculture to seek a new driving force for their growth. But not all of them have been successful. Large corporations rush to invest in agriculture Some years ago, Hoang Anh Gia Lai Group, established as a real estate developer, announced investment in agriculture production, stirring up the business community. Many businesses followed the move. Gemadept, a shipping firm, for example, stated it will pour money into agriculture projects. In 2012, Gemadept issued an optimistic report about its rubber growing project in Cambodia. In 2013, Gemadept got a land-use right certificate for 70 years for 30,000 hectares of land. At least 8,000 hectares of rubber had been planted by that time. However, the company later had to give up the project as it could not bring profits. Because of the failure of project, Gemadept was called a ‘naïve investor’. Even Hung … [Read more...] about What can businesses ‘harvest’ after ‘sowing capital’ in agriculture?
Vietnam stocks fall on large scale selling
Vietnamese shares fell deeper on Thursday morning as speculative stocks began to lose momentum on profit-taking while trading of large-cap stocks remained quiet. Projector screens show share prices at Saigon Securities Inc’s trading house in Hanoi. - VNS Photo Doan Tung The benchmark VN Index on the HCM Stock Exchange dropped 0.46 per cent to close at 923.29 points. It had lost total 1 per cent in the previous two days. The HNX Index on the Ha Noi Stock Exchange edged down 0.22 per cent to end at 103.36 points. The northern market index declined by total 3.75 per cent in the previous three sessions. More than 136.4 million shares were traded on the two local exchanges, worth VND2.25 trillion (US$100.3 million) Blue chips continued underperforming such as Vincom Retail (VRE), budget carrier Vietjet (VJC), FLC Faros Construction (ROS), VPBank (VPB) and brewer Sabeco (SAB). Those stocks were among 19 large-cap stocks that declined in the VN30 basket, pulling the large-cap … [Read more...] about Vietnam stocks fall on large scale selling
VN stocks fall on large-scale selling
Projector screens show share prices at Saigon Securities Inc’s trading house in Hà Nội. — VNS Photo Đoàn Tùng Vietnamese shares fell deeper on Thursday morning as speculative stocks began to lose momentum on profit-taking while trading of large-cap stocks remained quiet. The benchmark VN Index on the HCM Stock Exchange dropped 0.46 per cent to close at 923.29 points. It had lost total 1 per cent in the previous two days. The HNX Index on the Ha Noi Stock Exchange edged down 0.22 per cent to end at 103.36 points. The northern market index declined by total 3.75 per cent in the previous three sessions. More than 136.4 million shares were traded on the two local exchanges, worth VND2.25 trillion (US$100.3 million) Blue chips continued underperforming such as Vincom Retail (VRE), budget carrier Vietjet (VJC), FLC Faros Construction (ROS), VPBank (VPB) and brewer Sabeco (SAB). Those stocks were among 19 large-cap stocks that declined in the VN30 … [Read more...] about VN stocks fall on large-scale selling