Hummer sales by year

The Ho Chi Minh City People’s Committee has proposed to the National Assembly (NA) to allow Vietnamese people aged 18 to use casinos. HCMC proposes to allow 18-year-olds to play in casinos At a Tuesday meeting, the committee proposed to the NA deputies and the government to consider policies to promote the city’s nightlife for economic development. "We can pilot the organisation of casino games at 5-star hotels, major tourist attractions, and at the same time allow Vietnamese who are 18 years or older with full civil and financial capacity to participate," the committee said. The committee also wanted the government to consider expanding visa-exemption policies to more countries, implementing e-visa procedures, and extending the temporary stay period for international visitors to Vietnam from 15 days to 30 days from the date of entry. The city also proposed that karaoke bars, bars and dance clubs at hotels and resorts of 4 stars or higher can operate … [Read more...] about HCMC proposes to allow 18-year-olds to play in casinos

Customers buying MEATDeli, a product of Masan MEATLife, at a Vinmart+ store. — Photo thitmatmeatdeli.com HÀ NỘI — Higher animal feed prices have eroded livestock companies’ profits in the first quarter of 2022. VNDirect Securities Corporation said that the Russia-Ukraine conflict had a negative impact on the animal feed industry as supplies of raw materials for animal feed production like corn, soybeans and wheat, are disrupted, causing prices to rise sharply. The two countries are respectively the world's leading and third largest wheat exporter, accounting for one-third of the total trade of this commodity. Besides, Ukraine is the second largest corn exporter, accounting for 22 per cent of the world turnover. As of early April, the price of imported corn at Cái Lân port, Quảng Ninh Province, reached VNĐ9,200-9,500 per kg (US$0.4-0.41 per kg), an increase of 20-25 per cent compared to the end of 2021 and up 50 per cent over the same period last year. The average price of … [Read more...] about Livestock companies profit hit by rising animal feed prices

Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045. Vietnam needs to shift its economic growth model and improve the government’s capacity to implement economic policy reforms and public investments, realizing its aspiration of reaching high-income status by 2045, a World Bank Group report says. Overview of the report launch. The World Bank Group’s Systematic Country Diagnostic Update, themed "How Will Vietnam Blossom? Reforming Institutions for Effective Implementation,” emphasizes that Vietnam's traditional growth model faces major challenges from the Covid-19 pandemic, slowing globalization, and the country’s increasing vulnerability to external shocks, especially climate risks. After identifying a series of policy responses and reform priorities, many of which are not new, the report argues that adapting institutions will be the key to success. “Vietnam’s GDP per capita has increased fivefold over the … [Read more...] about Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB

Chairman of Dong Thap Provincial People's Committee Pham Thien Nghia visits lotus fields in Dong Thap Province. The Dong Thap Lotus Industry Association was established to support cultivation, production activities and market connection; improve sales skills; access networks of modern distribution channels; develop a pilot model of linkage chains between farmers, businesses, scientists and the state, and create and develop a sustainable domestic market towards export activities. Besides, the Dong Thap Lotus Industry Association will also connect with resources, support trade promotion and cultivation between farmers, production facilities, lotus trading, scientists, individuals and organizations to exploit values made of lotus under the motto of cooperation, connection, market mechanism, reducing costs, increasing quality and diversifying processed products. Currently, Dong Thap Province possesses around 600 hectares of lotus fields, making various lotus products such as lotus … [Read more...] about Dong Thap Lotus Industry Association established

Secretary of HCMC Party Committee Nguyen Van Nen speaks at the event. The award ceremony aimed to celebrate the 132nd anniversary of the birthday of President Ho Chi Minh (May 19, 1890-2022) and 110 years since President Ho Chi Minh left the country to seek ways for national salvation (June 5, 1911). Speaking at the event, secretary of HCMC Party Committee Nguyen Van Nen praised exemplary models in studying and following President Ho Chi Minh’s example. They are typical of working and doing the work to the best of their abilities as well as contributing to the development of the country and HCMC. Secretary of HCMC Party Committee Nguyen Van Nen (4th, L) presents certificates of merit to outstanding individuals and teams . The City's Party Chief said that as a city that was hit the hardest during the Covid-19 pandemic, HCMC has shown positive signs of socioeconomic recovery . The municipal authorities launched HCMC’s theme for 2022 is “Safe, flexible adaptation to … [Read more...] about HCMC honors 355 exemplary models in following Uncle Ho’s example

Intel Capital, the investment arm of the world’s largest chipmaker, has announced it is pouring US$17 million into companies in Vietnam and Singapore, marking its first-ever investment in this country. The money will be split in undisclosed amounts between Vietnam Communications Corporation and Singapore’s Reebonz.com, Intel said during the World Economic Forum in Bangkok on May 31. The company called Southeast Asia one of the world’s fastest-growing markets for advanced technology, driven by robust economic growth and a rising middle class. “As a result, we’re seeing strong demand for e-commerce and cloud-based services across the region, and these investments will help to accelerate that trend,” said Gregory Bryant, vice president and general manager of Intel Asia-Pacific. Its Hanoi-based partner, an internet infrastructure and services company, declined to give a dollar figure for the investment. But, “It’s not a small sum,” the corporation’s deputy general director … [Read more...] about Intel Capital invests in Vietnam for first time