When traveling to the northern mountainous areas, many people may immediately think of black sticky rice cake - a special dish made by Tay ethnic group in Van Ban District, Lao Cai Province. Not only is it a delicious dish, but the Tay ethnic minority’s black sticky rice cake is also considered a local cultural symbol and is often made and shared during festive events. The cake with Tay people’s imprint Hoang Thi Hue checks her big saucepan of sticky rice cakes. Photo: Hoang Nam Traditional rice cake-making workshops are mushrooming in the area, and among the most well-known is the one owned by Hoang Thi Hue in Khanh Yen Town. Hue sells her products locally and in neighboring provinces and cities. Her product has been granted a provincial-level, three-star One Commune One Product (OCOP) certificate for its good quality and clear origins. “Presently, there are diverse kinds of sticky rice cake in the northern province of Lao Cai, yet the cakes made in … [Read more...] about Making fortune from sticky rice cakes
Older peoples shared ownership
All five funds performed well during the period, with VESAF leading the way with a return of 57.6%, making it the best performing open-ended equity fund in the market in the first nine months of 2021, a continuation of its top performance in 2020. VEOF increased 45.2% while VIBF returned 31.9%, outperforming the benchmark VN-Index and ranking the funds in the top three performers of their respective fund classes. The VN 100 ETF, which was launched in 2020, returned 31.8%. VFF, a bond fund, increased 5.45%, ranking it first for performance in that class during the first nine months of 2021. The total assets of these five funds reached more than VND 2.852 billion, of which VESAF accounts for VND 558.2 billion, VEOF for VND 435.0 billion, VIBF for VND 514.8 billion, VFF for VND 1,219 billion and VN100 ETF for VND 126.0 billion, invested by nearly 17,000 clients as of 30 September 2021. Vietnam Equity Special Access Fund (VESAF) is an equity fund that mainly invests in the … [Read more...] about VinaCapital’s open-end funds grew significantly in first nine months
Thomas Kollar, partner of law firm Mayer Brown based in Hong Kong The Ministry of Finance has repeatedly warned about a number of risks stemming from corporate bonds of some credit-challenged corporations. In September alone, there were 42 corporate bond issuances which were carried out in a separate form to mobilise more than $1.29 billion, according to the Vietnam Bond Market Association. The banking group continued to lead the game in terms of issuance volume with a total value of more than $600 million, of which nearly $270 million was used to increase tier-two capital of major banks such as BIDV, Vietinbank, VIB, and MB. Real estate ranked second in private issuance value at over $365 million, of which about 11 per cent of bonds were either secured by stocks or unsecured. The issuance interest rate of this group is relatively high compared to market average, from 9.5 per cent to 12 per cent per year and the common tenor is generally 1-5 years. In the first nine months … [Read more...] about Offering credit caution for corporate bond players
At the event (Photo: Ministry of Foreign Affairs) Hanoi (VNA) - Deputy Minister of Foreign Affairs Nguyen Quoc Dung and Secretary of State of the Cambodian Ministry of Foreign Affairs and International Cooperation Soeung Rathchavy co-chaired the seventh Vietnam-Cambodia political consultation via videoconference on October 21 to discuss bilateral ties as well as regional and global issues of shared concern. Both sides shared the view that amid the COVID-19 pandemic, the two sides have made efforts to maintain all-level exchanges and meetings in various forms, and effectively made use of bilateral cooperation mechanisms. The two sides agreed to step up trade and economic recovery post-pandemic, enhance national defence-security cooperation, improve the efficiency of border management and collaboration in education, information and communications, culture-sports and people-to-people exchange. They pledged to work closely together to seek solutions to the issue of legal … [Read more...] about Vietnam, Cambodia hold seventh political consultation
Secretary General of the International Telecommunication Union (ITU) Houlin Zhao praised the proposals and initiatives of Vietnam and hoped that it would share its experiences with other ITU member countries. The ITU is a specialized organization of the United Nations established on July 15, 1947. The ITU has 193 member countries, and more than 700 associate members that are businesses, research institutions operating in the fields of telecommunications and information technology, and regional and international organizations. The ITU is an organization with the mission of maintaining and strengthening international cooperation in the fields of wireline, radio, fiber optic cable, and satellite in all member countries to enable the use of telecommunications in the most effective way. Vietnam’s role in ITU Since 1975, the Government of the Socialist Republic of Vietnam has been the sole legal representative of Vietnam to participate in the ITU. In recent years, … [Read more...] about What is Vietnam’s role in the International Telecommunication Union?
During their talks in Hanoi on May 28, FM Bishop added the government wants to further bolster the relations both in bilateral framework and at regional and global forums. The two officials highly valued the organization of the first Vietnam-Australia Foreign Ministers Meeting, saying this is one of first important steps to implement the freshly-established Strategic Partnership between the two countries. The first meeting was co-chaired by the two FMs in Hanoi on May 28. They expressed their pleasures at the strong development of the bilateral ties while affirming the importance of upgrading the relations to the Strategic Partnership on the occasion of Prime Minister Nguyen Xuan Phuc’s recent visit to Australia. Deputy PM and FM Minh spoke highly of outcomes of the recent State visit to Vietnam by Governor-General of Australia Peter Cosgrove on May 23-26, affirming the trip’s contributions to strengthening friendship between the two peoples. The two officials stressed the need … [Read more...] about Australian gov’t considers Vietnam one of partners in Asia Pacific