Mercuria scores record profit amid oil market chaos

Customers shop in a supermarket in HCM City. Consumers in the city are preferring cheap goods to save money. — Photo baotintuc.vn Consumers in HCM City are favouring inexpensive brands due to quickening global inflation, encouraging businesses to invest more in affordable products. Nguyen Thi Hong Dieu, an egg supplier for convenience stores in District 12, told Nguoi Lao Dong (The Labourer) Newspaper that due to rising petrol prices jacking up prices of eggs, her income had slowed and she began cutting her family expenses. “Now I buy just enough food to eat, I stopped buying new clothes and have switched to cheaper, on-sale brands of detergents and shower gel.” Nguyen Viet Anh from Binh Thanh District told Viet Nam News that his income had not recovered from the COVID pandemic, so he was opting for cheaper food brands that may not be as high quality as what he used to buy. Local businesses have reported that the recent trend of consumers saving money and preferring cheap … [Read more...] about HCM City consumers favouring cheaper goods amid rising prices

A part of the Ha Noi Highway in HCM City, a project in which the HCM City Infrastructure Investment JSC is the main contractor. — Photo nhipcaudautu.vn Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) plans to sell another 10 million shares of Nam Bay Bay Investment Joint Stock Company (NBB) under agreement method. If the transaction is successful, CII will reduce its ownership from 47.5 million shares of NBB, equivalent to 47.5 per cent of capital, to 37.5 million shares, or 37.5 per cent of capital. The expected implementation time is from July 7 to August 5. Previously, from June 6 to July 4, CII completed the sale of 1.5 million NBB shares out of 10 million registered units, thereby reducing its ownership to 47.5 million shares as present. The reason for not completing the transaction was that the expected selling price had not been reached. As of December 31, 2021, CII is the parent company of NBB, holding 65.4 per cent of the charter capital. … [Read more...] about CII to sell 10 million shares of Nam Bay Bay

Pineapples are being processed for export at a Dong Giao Foodstuff Export JSC factory in Gia Lai Province. — VNA/VNS Photo Hong Diep Viet Nam earned US$27.88 billion from agro-forestry-fishery exports in the first half of this year (H1), up 14 per cent year-on-year despite the difficulties and impact of the world economic environment, according to the Ministry of Agriculture and Rural Development (MARD). Of the sum, exports of key farm produce and forestry products reached $11.37 billion and $9.1 billion, surging 8.8 per cent and 3 per cent year-on-year, respectively, fishery products hit $5.8 billion, up 41 per cent annually, while that of livestock reached $176 million, down 16 per cent, and production input topped $1.42 billion, up 65 per cent. Nine types of goods recorded an export revenue exceeding $1 billion in the period: coffee, rubber, cashew, fruit and vegetable, rice, tra fish, shrimp, wooden goods, and inputs for production. Items which saw increases in both … [Read more...] about Agro-forestry-fishery exports on track to surpass yearly target

Nhập mô tả cho ảnh Jakarta (VNA) – The Agreement on the Indonesia- United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (IUAE-CEPA) is expected to boost trade and Indonesia’s investment performance with Gulf and Middle Eastern countries. The trade deal was signed by Indonesian Minister of Trade Zulkifli Hasan and Minister of Economy of the UAE Abdulla bin Touq Al Marri on July 1, on the sidelines of President Joko Widodo's working visit to Abu Dhabi. The Indonesian President positively welcomes the completion of the IUAE-CEPA, said Trade Minister Hasan in a statement. This agreement is Indonesia's entry point to the UAE, which is a hub for increasing exports to non-traditional destination countries, such as the Gulf, Middle East, Africa, and South Asia. The signing of the I UAE -CEPA is also a historic moment, as it is the first time that Indonesia has a trade agreement with a country in the Gulf region. He said he hopes that when the IUAE-CEPA … [Read more...] about New trade deal expected to boost Indonesia’s exports to Middle East

Vietnamese Prime Minister Pham Minh Chinh talked over the phone with his counterpart from the Republic of Korea (RoK) Han Duck-soo on July 5, during which the two leaders compared notes on measures to boost the bilateral relations. PM Pham Minh Chinh (right) holds phone talks with his Korean counterpart Han Duck-soo (Photo: VNA) This was the first phone talk by the RoK’s PM with a foreign leader since he took office. Congratulating Han on his appointment as the RoK's PM, Chinh said despite global and regional uncertainties, including COVID-19 impacts, the relationship between Vietnam and the RoK has maintained its stable development pace, and the two countries have become leading important partners of each other, especially in economy, trade and investment. He affirmed Vietnam’s consistent foreign policy of independence, self-reliance, multilateralisation and diversification of relations, and being a friend, a reliable partner and an active, … [Read more...] about Vietnamese, Korean Prime Ministers hold phone talks