Nguyen Tri Hieu, an economist - PHOTO: NGOC TRAN By the end of last week (January 15, 2021), the stock market in Vietnam was still in growth territory with the benchmark VN-Index ending at 1,194.2 points and the HNX-Index at 225.27. The Saigon Times spoke with economist Nguyen Tri Hieu to get his insight into what is in store for the stock exchanges in Vietnam. Excerpts: … [Read more...] about Economist: VN-Index does not reflect the economy
How does farming affect global warming
Indonesia aims to become world’s largest vannamei shrimp producer
Jakarta (VNA) – Indonesian Maritime Affairs and Fisheries (KKP) Minister Sakti Wahyu Trenggono is targeting to turn the country into the world's largest vannamei shrimp producer by pushing production to 16 million tonnes annually from the current figure of below one million tonnes. As reported by the local news agency Antara, to achieve this goal, Indonesia must begin developing new shrimp ponds spanning 200 thousand hectares until 2024. Currently, the country’s annual vannamei shrimp production is less than one million tonnes, below that of China, Ecuador, Vietnam, and India. "If we succeed in developing 200 thousand hectares of shrimp ponds, with two harvest cycles of 80 tonnes per hectare per year, based on an economic analysis, it could generate nearly 1,200 trillion rupiah," Minister Trenggono was quoted by Antara as saying. He added that the development also aims to build a strong defense system to protect the nation’s maritime wealth. Trenggono revealed … [Read more...] about Indonesia aims to become world’s largest vannamei shrimp producer
Thai investment in Viet Nam increases
Gulf Energy Development PLC, a leading Thai private power producer, recently announced plans to acquire 70.5 per cent of Global Mind Investment Management (GMIM)’s shares from Nech Opportunities Fund VCC, worth US$40 million (Bt1.2 billion) to expand investment in Viet Nam. … [Read more...] about Thai investment in Viet Nam increases
Researchers warn of risks for Vietnam in 2021
The Central Economic Committee, when reviewing economic development in the last five years, said the economy continued growing rapidly, 6 percent per annum. The economy has a scale of $340 billion, which has increased by 1.4 times, ranking fourth in ASEAN. … [Read more...] about Researchers warn of risks for Vietnam in 2021
Additional stimulus packages may be needed to support the economy
Da Nang is applying social distancing measures, and each citizen and enterprise must comply with the recommendations for pandemic prevention and control. In the current context, enterprises need to devise solutions to protect their workers who are an important resource for continued trade and production activities. The government has also adopted an interest-free loan package for a maximum duration of 12 months to pay employees in enterprises affected by the Covid-19 pandemic. … [Read more...] about Additional stimulus packages may be needed to support the economy