Vietnam posted growth in both rubber export volume and value in the first four months of this year Southern Rubber JSC is set to reach $215.3 million in revenue, up 2 per cent on-year, and $4.39 million in pretax profit, equal to an 83 per cent jump on-year. Similarly, Phuoc Hoa Rubber JSC (PHR) aims to rake in $97.9 million in revenue and $39 million in pretax profit, up 29 per cent and 58 per cent on-year, respectively. Bao Viet Securities JSC assessed that Danang Rubber JSC (DRC) could post a 15 per cent hike in its pretax profit this year. Analysts assumed that in the forthcoming time, Vietnam’s rubber export would cash in on a spike in crude oil price, dwindling supply, plus burgeoning demands in major markets, in which China remains Vietnam’s largest rubber export market. VNDirect Securities JSC estimated that this year, PHR could eye a 156.2 per cent jump in its net profit compared to 2021 thanks to the one-off payment amounting to $39 million from land … [Read more...] about Rubber producers aspire rosy profit picture in 2022
Exports to hungary
This year’s economic growth target of 6 percent-6.5 percent huge challenge
Deputy Prime Minister Le Van Thanh speaks at the third session of the 15th National Assembly On the morning of May 23, at the opening session of the third session of the 15th National Assembly, Deputy Prime Minister Le Van Thanh delivered a report on an additional assessment of the results of the implementation of the socio-economic development plan and the state budget in 2021 and that in the first months of 2022. Regarding additional results in 2021, the Government stated that 5/12 targets failed to meet the set goal. For instance, the gross domestic product growth rate reached 2.58 percent compared to the target of about 6 percent. Plus, GDP per capita reached US$3,680 against the target of $3,700, the contribution of total factor productivity to growth is about 37 percent compared with the target of 45 percent-47 percent, and the percentage of poor households with a multidimensional approach decreased by 0.52 percentage points compared to the target of 1-1.5 percentage … [Read more...] about This year’s economic growth target of 6 percent-6.5 percent huge challenge
Gia Lai seeks partnerships with Japan in agriculture, renewable energy, tourism
The Gia Lai Department for External Relations and the Japan - Vietnam Exchange Centre sign a cooperation deal at the workshop on May 22. (Photo: VNA) Gia Lai (VNA) – The Central Highlands province of Gia Lai held a workshop on May 22 to introduce its potential and seek chances for investment cooperation with Japan in agriculture, processing, renewable energy, and tourism. Ho Phuoc Thanh, Vice Chairman of the provincial People’s Committee, said Gia Lai is inviting investment to hi-tech agriculture, agricultural services, intensive processing, renewable energy, and tourism, which are among the pillars identified in its socio-economic development strategy for 2021 - 2030. Although most of local enterprises are of small or medium size, many are turning out products meeting European standards such as the Vinh Hiep Co. Ltd and the Dong Giao Foodstuff Export JSC, which were also the first of Vietnam to export to Europe under the EU - Vietnam Free Trade Agreement (EVFTA), he … [Read more...] about Gia Lai seeks partnerships with Japan in agriculture, renewable energy, tourism
With eye on China, and U.S. ties, Japan’s universities to screen foreigners
Japan is asking universities for greater scrutiny of foreign students and scholars to prevent technology leaks to places like China, partly for its own national security but also to safeguard exchanges with U.S. and European universities. While many Western countries have measures to prevent espionage on their campuses with strict screening and penalties for breaches, experts say Japan has been a weak link given its often-unchecked embrace of foreign students. A string of U.S. arrests of Chinese academics in recent years over suspicion of spying was a wake-up call for Japan, officials say. "Around the world, export controls are getting more stringent on foreign nations like China," said a Japanese trade ministry official who helps colleges develop ways to monitor high-risk technology transfers and students. "We want Japanese universities to be trusted for their security and trade controls so that joint research with the United States or Europe can continue," said the official, … [Read more...] about With eye on China, and U.S. ties, Japan’s universities to screen foreigners
Prime Minister to host dialogue with farmers on May 29
Besides, a sequence of events in the “One Commune, One Product” (OCOP) Vietnam Fruit and Product Festival will be opened at Tay Bac Square, Son La City, the Northern province of Son La on May 28, and will last until June 1. The OCOP Vietnam Fruit and Product Festival includes a conference to connect and promote mango and Son La-based agricultural products export and consumption, the “Road of Agricultural Products” exhibition, the cultural and culinary space of the mountainous areas, online fairs, agricultural and OCOP products trading on the e-commerce platforms, flowers and fruits carving contest and so on. On the occasion, Prime Minister Pham Minh Chinh will attend a groundbreaking ceremony of the Moc Chau Milk Paradise project, an inauguration ceremony of the Moc Chau glass bridge; pay a visit to a model of typical agricultural production; survey the construction progress and investment of Doveco Son La fruit and vegetable processing complex, which is the largest fruit and … [Read more...] about Prime Minister to host dialogue with farmers on May 29
NA meeting expected to create premise for socio-economic achievements
National Assembly Chairman Vương Đình Huệ delivers opening remarks at the meeting in Hà Nội on Monday. — VNA/VNS Photo HÀ NỘI — National Assembly (NA) Chairman Vương Đình Huệ asked deputies to propose practical and effective measures to fulfil socio-economic targets for the 2021-2025 period. Addressing the opening ceremony of the third session of the 15th-tenure NA in Hà Nội on Monday, Chairman Huệ proposed the deputies assess achievements and shortcomings, while pointing out challenges to successfully implementing socio-economic development tasks. Deputies were also asked to closely follow requirements, targets and solutions set by the NA and the Government regarding socio-economic development, COVID-19 prevention and control, five-year planning frameworks during the 2021-2025 period and fiscal and monetary policies. In order to ensure the highest efficiency of the third session, NA agencies and deputies made careful preparations for discussions, aiming for the best outcomes … [Read more...] about NA meeting expected to create premise for socio-economic achievements
