Rcmp fined 550 000

ASEAN has been a huge potential market for Vietnamese rice, and export firms should have a strategy to expand in the market of nearly 700 million people with similarities in culture and lifestyles, Nguyễn Thị Thu Thủy, deputy director of Export Support Centre under the Vietnam Trade Promotion Agency has said. Rice loaded for export. The focus should be placed on building brands for Vietnamese rice and increasing brand recognition to expand export to ASEAN markets. — VNA/VNS Photo Among ASEAN countries, the Philippines is the largest export market for Vietnamese rice, with a volume of 2.45 million tonnes worth US$1.25 billion and an average price of $509.7 per tonne in 2021, a rise of 10.7 per cent, 18.5 per cent and 7.1 per cent against 2020, respectively. Despite being the world’s third-biggest rice exporter after India and China, Indonesia is a potential market for Vietnamese rice. Phạm Thế Cường, trade counselor of Vietnam in Indonesia, said that … [Read more...] about Vietnamese rice must increase brand recognition in ASEAN

The number of foreign visitors to Vietnam has increased rapidly with 252,000 arrivals after the government reopened borders on March 15, according to the Vietnam National Administration of Tourism (VNAT). Foreign visitors have returned to Da Nang city (central Vietnam) after a two-year hiatus due to COVID-19. The past month saw travelers from traditional markets such as Europe, America, and the Republic of Korea (RoK) visit the country, along with from emerging markets like Mongolia, Kazakhstan, and India On April 29, Da Nang welcomed back the first 220 RoK visitors following the COVID-19 pandemic, while the ancient town of Hoi An and Ho Chi Minh City received roughly 130 American travelers. In order to attract further international visitors, especially during the peak season from September onwards, the VNAT emphasised that the local tourism industry has been advised to deploy a range of major solutions by organising international tourism fairs abroad, … [Read more...] about Foreign arrivals soar two months after border reopening

Two firms in the southern province of Bac Lieu have been fined for violating Covid-19 prevention rules which have led to a large virus outbreak in the area. The Gia Rai Town People's Committee on November 10 announced a fine of VND 20 million each to Tan Khoi Seafood Company and Chau Ba Thao Seafood Company for violating Covid-19 prevention rules which have caused the largest virus outbreak in the area so far. According to local authorities, the two companies had failed to conform to the government's regulations on Covid-19 prevention and control. They didn't carry out weekly Covid-19 testing for workers at their workplaces, which had caused a large-scale virus spread in the community. A report from the Gia Rai Town People's Committee said that a female worker from Tan Khoi Seafood Company was accidentally found to be infected with Covid-19 on October 19 when being asked to take a quick test by a local healthcare centre where she took a relative to for a health check-up. Local … [Read more...] about Firms fined for Covid-19 spread in Bac Lieu

FLAMING GOOD: The waitress cooks the lobster bisque at the table. VNS Photos Mỹ Hà by Mỹ Trang It was a special occasion, and we all wanted to celebrate it at Le Beaulieu. The usual restaurant has been under renovation for a while and we could not have a table looking out onto the street, instead, its temporary location had been moved further inside Sofitel Legend Metropole Hanoi, which has a cosy interior. It's always a pleasure to look at the menu, carefully crafted with dishes that have ingredients in season, varied, but not too many that it blows your mind. Nevertheless, it is hard to nail one dish down. If you go to a Vietnamese restaurant, its menu can last for pages, and you leaf from beginning to end, perplexed among so many dishes cooked in so many different ways, and you end up picking a few things and you are not sure you made a good choice. It's different at Le Beaulieu where you see familiar dishes that you know are delicious. You are also open to exploring new … [Read more...] about Fine dining at Le Beaulieu

The State Securities Commission of Vietnam has fined local conglomerate Hoang Anh Gia Lai VND3 billion (US$129,400) fine for failing to report the trade of its subsidiary’s stocks. Aside from the fine, the State Securities Commission has suspended Hoang Anh Gia Lai (HAGL) JSC from securities trading for five months. Previous reports showed that Hoang Anh Gia Lai Agricultural JSC, a subsidiary of HAGL, had used its HNG stocks to guarantee bond issuance of a member company at a credit institution. Due to the overdue interest on this bond, the credit institution sold 20 million HNG stocks on January 7 and another 5.4 million on January 10 on HAGL’s securities account to recover the debt. However, HAGL did not report in advance the trade of these stocks in accordance with regulations. Founded in 1993 by Doan Nguyen Duc, Hoang Anh Gia Lai JSC was originally named Hoang Anh Pleiku Private Enterprise, according to the firm’s website. Based in the Central Highlands province of Gia … [Read more...] about Vietnam State Securities Commission fines Hoang Anh Gia Lai for not reporting subsidiary’s stock trading

Hoa Phat Group and four commercial banks of Vietnam have been named in this year’s Forbes list of the world’s 2,000 largest companies (Global 2000). Customers conduct transactions at a branch of Vietcombank in Hanoi. (Photo: VNA) In the latest ranking, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) ranks at the 950th position while Vietnam Technological and Commercial Joint Stock Bank (Techcombank) stands at 1,874th. This year, Hoa Phat Group is named on the list for the first time with revenues of 1.5 billion USD and market value of 8.53 billion USD. The total capitalisation of the four Vietnamese banks on the list reached 46.84 billion USD, in which the market value of Vietcombank accounted for more than 36 percent.. Forbes said that despite the challenges of the COVID-19 pandemic and Russia-Ukraine conflict, the world’s top companies still managed to boost sales and profits last year. Besides, the stock values of … [Read more...] about Hoa Phat Group, four Vietnamese banks among world’s 2,000 largest companies