At the ceremony. (Photo: SGGP) The People's Committee of Ben Tre Province, in collaboration with the Ministry of Agriculture and Rural Development, held a ceremony to announce the export of the first batch of green-skinned pomelos to the US market, on the morning of November 28, in Ben Tre Province. Mrs. Nguyen Thi Kim Ngan, former Politburo Member, former Chairwoman of the National Assembly; Mr. Le Duc Tho, Member of the Party Central Committee cum Secretary of the Party Committee of Ben Tre Province; Mr. Tran Thanh Nam, Deputy Minister of Agriculture and Rural Development; the representative of the US Department of Agriculture; and central and local ministries and agencies attended the ceremony. Mr. Tran Ngoc Tam, Chairman of the People's Committee of Ben Tre Province, expressed his honor and pride to be the first locality to export Vietnamese pomelos to the US market. This result is achieved thanks to the active support and assistance of the ministries and central agencies, … [Read more...] about First batch of Ben Tre green-skinned pomelos exported to US
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Illustrative image (Photo: Masan) Hanoi (VNS/VNA) - Many Vietnamese businesses have boosted foreign fundraising to cope with their capital shortage amid the country's tightened monetary policy . In the context of tightened and expensive domestic capital sources, mobilising capital from abroad is an opportunity for local reputable enterprises and banks, and many of them have recently announced huge loan agreements with foreign financial institutions. A recent report from financial data service provider FiinGroup showed the channel for raising capital through domestic bonds is gloomy, but many domestic enterprises still succeeded in mobilising international loans. Specifically, ten deals announced recently had a total value of nearly 1.92 billion USD. Among the deals, VPBank signed a loan agreement worth 500 million USD on November 11 with five major financial institutions – Asian Development Bank (ADB), Sumitomo Mitsui Banking Corporation (SMBC), Japan International … [Read more...] about Businesses promote int’l fundraising amid domestic tightened policy
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - The 17th session of the National Assembly Standing Committee opened in Hanoi on November 28, and will last only one day. Under the chair of NA Chairman Vuong Dinh Hue, the committee is scheduled to give opinions on the outcomes of the 4th session of the 15th National Assembly which concluded on November 15 and preparations for the legislature's 2nd extraordinary session and the 5th regular session in May next year. Read full story - The 9th National Buddhist Congress opened in Hanoi on November 28, with President Nguyen Xuan Phuc attending. The congress, held in accordance with the Charter of the Vietnam Buddhist Sangha (VBS), brought together 1,091 delegates, including Buddhist dignitaries, monks, nuns and followers. Read full story - Prime Minister Pham Minh Chinh received European Commissioner for Environment, Oceans, and Fisheries Virginijus Sinkevičius in Ho … [Read more...] about ☕ Afternoon briefing on November 28
Speakers at a conferece discuss Viet Nam's macroeconomic policies in Ha Noi. — VNA/VNS Photo A volatile global market, the COVID-19 pandemic, approaching the limit to horizontal expansion and inefficient macroeconomic policies in the past were among the major factors holding back Viet Nam's economic development, according to the Vietnam Center for Economic and Strategic Studies (VESS). In a report on the country's macroeconomics and long-term growth, Prof Pham The Anh, VESS's chief economist, said the Vietnamese economy experienced robust development during the 1991-2021 period, maintaining an annual 6.57 per cent GDP growth. By the end of last year, the country's GDP reached US$363 billion, breaking into the world's top 40 economies. The government has also managed to keep inflation in check while increasing the national foreign exchange reserve tenfold in the 2010-21 period. Viet Nam's GDP per capita reached $3,700 in 2011, a 400 per cent increase from the same figure in … [Read more...] about Macroeconomic and monetary policies key to improving economy
EVN said it has made efforts to cut internal costs to reduce losses in 2022. (Photo: SGGP) EVN, on the afternoon of November 28, sent a press release saying that in 2022, the world situation has seen many fluctuations, and fuel prices have climbed highly, leading to many countries facing energy difficulties worldwide. However, EVN has performed well in its assigned tasks, ensuring a stable and safe power supply for production, business, and daily life of people with high growth in power demand, contributing to the economic growth of the country. “In the first ten months of 2022, electricity demand grew by 8.6 percent over the same period in 2021. According to the General Statistics Office of Vietnam, electricity growth has contributed 0.67 percentage points to industrial growth and 0.31 percentage points to GDP growth,” EVN informed. From the beginning of 2022, due to fluctuations in global fuel prices, the costs of electricity generation and electricity purchase of EVN … [Read more...] about EVN expects to lose more than VND31 trillion due to high costs
After over five years of negotiations, the U.S. Department of Agriculture officially licensed the import of the fruit earlier this year, making it the seventh fresh fruit of Vietnam permitted to enter the market, following mango, longan, lychee, dragon fruit, rambutan, and star apple. The Chanh Thu Fruit Import - Export Group Joint Stock Company in Ben Tre's Cho Lach district is the one behind the shipment of the first pomelo batch. Addressing the ceremony, Deputy Minister of Agriculture and Rural Development Tran Thanh Nam said the U.S. is a fastidious market, but its demand for fresh fruits remains tremendous. He noted that for the coming into being of this first batch, growing and packing facilities had to prepare themselves and undergo many stages of inspection by specialised agencies of both countries, so that their production meets the requirements of quarantine and harmful organisms control, and safety and hygiene; complies with packaging regulations; and ensures accurate … [Read more...] about Vietnam to export first batch of fresh pomelo to U.S.