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Shrimp processing for export at a seafood company in Ca Mau Province. (Photo: SGGP) Seafood exports soar Shrimp export is one of the bright spots of many coastal provinces in the Mekong Delta. Mr. Tran Van Lau, Chairman of the People's Committee of Soc Trang Province, said that in three quarters of 2022, the seafood export value (mainly shrimp) in the province had reached nearly $1 billion, becoming a commodity that brought in the highest export value. Currently, Soc Trang Province has 22 seafood processing and exporting factories. Its aquatic products are available in 40 countries and territories, creating jobs for tens of thousands of workers. Similarly, Ca Mau Province's shrimp exports are approaching the $1 billion mark. Specifically, by October 2022, shrimp exports had raked in over $960 million, reaching nearly 90 percent of the plan, up roughly 15 percent over the same period last year. Bac Lieu Province’s shrimp exports hit about $686 million, equaling 76 percent of the … [Read more...] about Mekong Delta provinces accelerate seafood exports

Tran Dinh Thanh, former Party Secretary of the province, and Dinh Quoc Thai, its former chairman, are accused of receiving bribes, while former director of the Dong Nai Department of Health, Phan Huy Anh Vu, is charged with receiving bribes and committing bidding violations. The indictment said they received a total of VND43.8 billion (US$1.77 million) over many years. Absconding former president of AIC, Nguyen Thi Thanh Nhan, 53, is accused of giving bribes and committing bidding violations. She will be tried in absentia. 32 other people are charged with abuse of power, bidding violations and negligence. The indictment says that Nhan cultivated a relationship with Thanh in order to meet with other Dong Nai officials, hoping her AIC company would win 16 bidding packages to provide medical equipment for the Dong Nai General Hospital project which was under construction between 2008 and 2015. Nhan directly gave Thanh money totaling VND14.5 billion ($585,385). She and her … [Read more...] about Medical corruption: Former Dong Nai officials to stand trial for taking $1.77 mln bribes

The Vietnam CFO Club and ACCA Vietnam collaboratively hosted the country's biggest annual CFO summit in Ho Chi Minh City on November 18 to connect professionals and address the rapid transformation and talent challenges of finance departments. Specifically, more than 400 consultants and top-tier experts from prominent firms including Microsoft, PNJ, Deloitte, EY, RSM, Vinamilk, Sovico, Khanh Vy Homes, and DHG Pharma attended the event. Phan Vu Hoang, former chairman of the ACCA Vietnam Members Committee and Tax partner of Deloitte Vietnam, highlighted that some of the most important soft skills for modern financial professionals include flexibility, adaptability, critical thinking, and business partnering, while the future technical skill set is expected to include budgeting, forecasting, and sustainable reporting featuring ESG criteria. Moreover, data analytics and visualisation, cloud-based accounting solutions, data science, machine learning, AI, robotic process automation, … [Read more...] about CFO Vietnam Summit 2022 discusses transformation in Vietnam

Hordes of consumers flocked to shopping malls in Ho Chi Minh City on Saturday to hunt for Black Friday discounts many stores offered. Many fashion shops attracted customers with price cuts of up to 80 percent on Black Friday, a massive sales event originating in the U.S., in which retailers offer high discounts on their products. The event this year was due on November 25. Long lines of people, mainly youngsters, women, and families, stood outside Vincom Center on Dong Khoi Street in District 1 from early Saturday morning, when the center had not opened. “I have Saturdays off, so I come here early and can seek a parking space,” Nguyen Thi Hoa, an office worker in District 8. “Last year, I was late and had to leave my vehicle at a roadside parking lot, thus I was anxious and could not shop at ease. “I intend to spend VND10 million [US$404] this occasion and will shop for Tet [Lunar New Year] as well.” A bill is nearly a meter long. Photo: Anh T.H. / Tuoi Tre … [Read more...] about Ho Chi Minh City consumers crowd shopping malls on Black Friday

BW's e-commerce logistics centre at Tan PhuTrung Industrial Park in HCM City. Logistics firms have actively implemented digital and green transformation to adapt to new development conditions. — Photo courtesy of the organiser Viet Nam needs solutions to develop green logistics to take advantage of free trade agreements (FTAs), especially new-generation FTAs to help the industry develop, support market expansion and promote exports. This information was provided at the Viet Nam Logistics Forum 2022: Green Logistics, held by the Ministry of Industry and Trade (MoIT), Hai Phong People’s Committee and BW Industrial Development Joint Stock Company in the northern port city on Saturday. Speaking at the event, Minister of Industry and Trade Nguyen Hong Dien said Viet Nam is located in a dynamic development area of the world where the flow of goods is concentrated and exchanges are strong. In addition, the economy has a large openness while import-export and e-commerce have always … [Read more...] about Local logistics industry aims for green development

Two farmers take care of organic vegetables at a greenhouse in Lam Dong Province. — VNA/VNS Photo Nguyen Ngoc Dung Organic production can help Viet Nam deal with the skyrocketing prices of food, fuels and fertilisers caused by the recent turbulence in different parts of the world, according to Danish Ambassador to Viet Nam Nicolai Prytz. The ambassador was speaking at an experience-sharing seminar on organic production on November 25. He said the agriculture landscape has been transformed over the last decades with the emergence of new plant varieties, animal breeds, technological innovations and farming techniques. However, this transformation has come at an expense of negative environmental impacts, including soil degradation, soil pollution, and increasing greenhouse gas emissions. A shift to sustainable farming such as organic is a solution that not only tackles these challenges but also contributes to countries' efforts towards achieving United Nations' sustainability … [Read more...] about Organic farming key to healthy value chains