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Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019. (Photo: tinnhanhchungkhoan.vn) HCM City (VNA) – Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh. Minh said that Vietnamese expatriates remitted roughly 4.3 billion USD to the southern hub as of the end of November. The flow of money has played an important role in economic development as well as stability of foreign currency supply in the city, he stressed. Vietnam was expected to remain one of the top ten remittance recipients in 2019, according to the latest edition of the World Bank’s Migration and Development Brief. Around 16.7 billion USD in remittances was projected to flow into Vietnam for the full year, making the Southeast Asian country the … [Read more...] about Remittances to HCM City expected to pick up 9 percent

China constructs an illegal runway in Fiery Cross Reef on the East Sea. (Photo: AFP) Washington D.C (VNA) – China and other concerned nations should refrain from actions that further militarise the East Sea and parties need to sit down for negotiation via diplomatic channels to resolve the issue, according to an US expert. China’s growing militarisation of the East Sea makes the situation more complicated and probably causes misunderstanding in an area that has already suffered from many conflicts and complexity, Lindsey Ford, Director for Political-Security Affairs at the US’s Asia Society Policy Institute told Vietnam News Agency during a recent briefing by the University of Pennsylvania’s global research centre Perry World House. The briefing aimed to discuss latest developments in the regional diplomacy, legislation and military as well as policies of the governments of the US, China and other countries regarding to East Sea issues. It was also attended … [Read more...] about US experts: China should refrain from actions further militarising East Sea

Vietnam is one of the biggest coffee and pepper exporters in the world, but the money it earns is modest. High export volume, low export value Vietnam is leading in the world in Robusta coffee exports present in 80 markets, accounting for 14.2 percent of the global coffee bean market. However, its export turnover is far lower than Brazil’s, though Vietnam has great advantages in material growing area. Nguyen Huu Long, the founder of Shin Coffee, commented that in order to get higher added value for Vietnam’s coffee, the country needs to have high-quality products, and a good brand. “Leading companies still don’t think of solutions that can heighten the value for Vietnam’s coffee,” he said.Branding Bao Han Third Vietnam Coffee Day set to begin on December 8 in Gia Lai The third Vietnam Coffee Day event is set to transpire in Pleiku City in the Central Highland province of Gia Lai between December 8 -10, with the participation of … [Read more...] about Earnings from coffee, pepper are modest because of poor branding