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Cashew exports saw two-digit drops in the first seven months of this year. — Photo baochinhphu.vn The cashew industry should focus on markets in which Viet Nam had signed trade deals to take advantage of preferential tariffs and expand exports as inflation had pushed up the prices of raw materials and forced people to tighten spending, according to the Viet Nam Cashew Association. Cashew exports saw two-digit drops in the first seven months. Statistics of the Import-Export Department under the Ministry of Industry and Trade showed that cashew exports were estimated at 294,000 tonnes, worth US$1.76 billion in January-July, dropping by 10.5 per cent in volume and 12.1 per cent in value against the same period last year. While the average export price increased by 1.45 per cent against the same period last year to $5,792 per tonne, the price of raw cashews rose by 15-20 per cent. The department predicted that cashew exports would continue to struggle in the third quarter due … [Read more...] about Cashew industry urged to focus on markets with FTAs

In the first half of this year, Tra Vinh province has issued registration certificates to 250 businesses. Among which, there are 165 one-member limited liability companies; 45 multi-member limited liability companies; 20 private enterprises; 20 joint stock companies; and 151 affiliated units. The overall amount of registered capital hit around $169 million, and the total number of registered personnel reached nearly 3,800 individuals. There are just under 3,000 active businesses with a total capitalisation of $2.1 billion and nearly 90,800 workers. Some 44 of those businesses are foreign-invested firms. In addition, almost 500 firms and affiliated units were registered for expanded business lines, capital, and other adjustments, increasing the total extra capital to $143 million. The 48MW South Korea-Tra Vinh offshore wind power plant became operational in September 2021 According to Tra Vinh Department of Planning and Investment, compared to the same period in 2021, … [Read more...] about Tra Vinh nurtures private sector to kickstart economy

Vietnamese contestants in the 34th International Olympiad in Informatics in 2022. (Photo: SGGP) With a 100 percent medal-winning rate, including one gold and three silver medals, the Vietnamese national team ranks in the top nine countries and territories, after China, Japan, the US, South Korea, Iran, Ukraine, Croatia, and Taiwan, according to the medal tally. Specifically, Tran Xuan Bach, an eleventh grader of the High School for Gifted Students, College of Natural Science, under the Vietnam National University (VNU), won the gold medal. Duong Minh Khoi, a twelfth grader of the High School for Gifted Students, College of Natural Science; Le Huu Nghia, a twelfth grader of Binh Long High School for Gifted Students in Binh Phuoc Province; Truong Van Quoc Bao, a twelfth grader of Phan Boi Chau High School for Gifted Students in Nghe An Province, won the silver medals. The 34th International Olympiad in Informatics in 2022 was held online and in person. The Vietnamese team … [Read more...] about Vietnam wins four medals at 34th International Olympiad in Informatics

Shinhan Life Vietnam provided this support for 10 pediatric patients being treated at the Clinical Hematology Department, Ho Chi Minh City Children’s Hospital in Binh Chanh District. The financial contribution follows the company’s first donation of VND100 million granted this April to the hospital, to join hands with families to light up hope for a bright future for unfortunate children suffering from blood cancer. Shinhan Life Vietnam hands out VND200 million for 10 pediatric patients At the event, Shinhan Life Vietnam also handed out more than 100 gifts to the medical staff and pediatric patients at the Department of Clinical Hematology in celebration of the upcoming Mid-Autumn Festival. Mr. Lee Euichul, General Director of Shinhan Life Vietnam, stated, "With the slogan "Bring wonders to life", activities to enhance social responsibility and community sharing is always one of Shinhan Life's top priorities. We will always strive for a peaceful Vietnam, with the … [Read more...] about Shinhan Life Vietnam continues to support children with blood cancer

Nam Hai Dinh Vu Port in Hai Phong City. (Photo: VNA) This is one of the factors that make the demand for logistics real estate increase sharply, it said. A survey by Savills Vietnam showed that Vietnam's logistics industry is enjoying significant growth due to the development of the national economy, and the manufacturing and e-commerce sectors. According to a report on the emerging market logistics index released earlier this year by Agility, a leading logistics and transportation service provider in 2022, Vietnam ranks 11th among the world’s top 50 emerging markets, only behind Indonesia, Malaysia and Thailand in the Association of Southeast Asia Nations. Vietnam's transport and logistics market is estimated to grow at a compound annual growth rate (CAGR) of 7 percent in the 2021-2026 period. The Vietnamese government encourages enterprises manufacturing and attracts investment by establishing industrial and economic zones. Despite challenges from the Covid-19 pandemic, … [Read more...] about Demand for logistics real estate increases sharply: Savills Vietnam