• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

VietNam Breaking News

Update latest news from Vietnam

  • Home
  • About Us
  • Contact Us
  • Disclaimers
  • DMCA
  • Privacy Policy
  • Submit your story

Red lobster menu pricing

Covid-19 highlights the need for safe, nutritious, and affordable food

June 1, 2020 by vietnamnet.vn

Hunger and malnutrition were an increasing problem worldwide before the pandemic. Restrictions imposed to curb disease spread have disrupted local and international food supply chains, making the problem even more urgent.

Covid-19 highlights the need for safe, nutritious, and affordable food

Many of the world’s food producers are struggling to get their products to market during the pandemic. Photo: ADB

Hunger and malnutrition were an increasing problem worldwide before the pandemic. Restrictions imposed to curb disease spread have disrupted local and international food supply chains, making the problem even more urgent.

Global hunger and malnutrition have been rising for the past five years. Lockdowns imposed to combat the coronavirus pandemic have disrupted the local and international food trade, as well as production and distribution. Tens of millions of urban and other migrant workers have lost their jobs, many perhaps permanently—pushing them into a hunger trap.

Efforts to end hunger and malnutrition (Sustainable Development Goal 2) now seem in jeopardy. Even after full lockdowns are relaxed, continued disruption in food production and distribution will likely increase consumer prices. With lost livelihoods for tens of millions of households, increased food insecurity and malnutrition will become a grim reality without focused measures to support food production and marketing.

Food insecurity and malnutrition should have been headline news before Covid-19 pandemic. Despite impressive economic growth in Asia and the Pacific region over the last four decades, endemic food insecurity and malnutrition have persisted. The number of people living in extreme poverty (under $1.90 a day) declined from 53% in 1990 to about 9% in 2013. Still, 326 million people lived below the poverty line. Poverty is inextricably linked to food insecurity, and accordingly the number of food-insecure people in the region has remained high.

Feeding these hungry and malnourished millions is a daunting challenge. Malnutrition affects people of all ages—ranging from severe undernutrition to obesity—but children bear the heaviest burden. Over 86 million, or 25% of children younger than five suffer from stunting, and 34 million children are wasting. A further 12 million suffer from acute malnutrition with high risk of death. The income penalty of stunting amounts to 7%-10% of GDP in the region. But governments allocate only 1% of public expenditure for nutrition programs.

The widespread loss of employment and income triggered by the Covid-19 pandemic will make the situation much worse.

Take the example of unsafe food. Even before the Covid-19 pandemic, the impact of unsafe food on human health was staggering. In 2018, the World Health Organization estimated that globally over 600 million fall ill after eating contaminated food and 420,000 die every year. Children under five years of age carry 40% of the foodborne disease burden with 125,000 deaths every year. If loss in employment and disruptions in food production and distribution continue and safe food becomes even harder to find for poor communities, this toll of sickness and death could escalate in the Covid-19 era.

There’s no easy fix for these pressing challenges. But there is a single step, albeit a large one, that will have immediate beneficial impacts on the region’s food security.

Governments need to devote at least as much attention to the rural sector as they do to their urban communities. Rural development and the farm sector have been largely neglected in some parts of the region. The resulting underinvestment has taken a significant toll on the agriculture sector, and on the food security and health status of societies.

Smallholder farmers provide 80% of the region’s food. When they don’t make a profit, they can’t invest in modern technology and higher quality inputs. As a result, farm productivity across the region is low, cost of production is high and consumers pay higher prices.

Poor quality and contaminated food has corrosive effects on public health. Malnourished people have weak immune systems, making them more vulnerable to diseases like Covid-19. This vicious cycle can only be broken by focused government attention at senior policymaking levels.

What can governments do to help farmers produce safe, nutritious, and affordable food in the region?

The first priority is to provide smallholders with access to quality seeds, fertilizers, and pesticides. Often, these are not available on time and are adulterated. Governments either do not have adequate quality and safety regulations or do not enforce them. Three actions will bring significant improvements: expand smallholders’, especially women’s, access to input financing; improve marketing of key inputs by easing constraints on imports and distribution; and enhance compliance with quality standards, especially for seeds and chemicals.

Second, the region desperately needs functional markets for perishables and nutritious food such as fruits and vegetables, meat, fish, eggs, and dairy. Post-harvest losses amount to 30%-40% of production due to a lack of cold-chain facilities and proper market infrastructure.

In the short-term, governments should improve hygiene and compliance with food quality standards at existing wholesale markets. In the medium-term, there’s a need for investments in modern wholesale and retail market infrastructure through public-private partnerships. An Asian Development Bank study estimates that in order to achieve SDG 2 in Asia and the Pacific, annual investments in agricultural research and development, market infrastructure, irrigation, and water use efficiency must increase from the current US$42 billion to as much as US$79 billion. Given the unfolding toll of Covid-19 on the food sector, this investment requirement will be even higher.

The third way governments can head off pandemic-induced food shortages is to improve their own capacities. Ministries dealing with agriculture in most governments are sometimes the weakest link in the system. Their capacity to make evidence-based policies require significant improvement immediately.

Due to Covid-19, unemployed urban migrant workers are heading home to rural areas. It’s safer there, as social distancing is easier in households with larger living spaces than in cramped urban communities. Improved rural development and profitable farming will also generate plentiful non-farm jobs. Increased income in rural areas will also generate higher demand for city jobs. The pandemic is a threat, but also an opportunity to reap dividends as workers return to farms—but only if governments invest more in agriculture and take helpful and decisive policy actions.

Decent on and off-farm rural incomes and jobs will deliver safe, nutritious, and affordable food that societies—especially poor communities—and economies need to survive and thrive in the Covid-19 era. Hanoitimes

Akmal Siddiq (Chief, Rural Development and Food Security Thematic Group, ADB)

Filed Under: business covid-19, food, hunger, adb, vietnam economy, Vietnam business news, business news, vietnamnet bridge, english news, Vietnam news, vietnamnet news, Vietnam latest..., nutritious food, safe foods, Safe Quality Food SQF, activity quiz 3 the safe food handler, activity quiz 1 providing safe food, Affordability Safe Harbors, safe food, safe food handling, nutritious foods, nutritious food basket, most nutritious foods, affordable foods

Steel producers post outstanding results in Q1

April 20, 2021 by en.vietnamplus.vn

Steel producers post outstanding results in Q1 hinh anh 1 The Hoa Sen Group’s employee checking products in a warehouse. The company’s profit after tax rose over 200 per cent year-on-year in Q1. (Photo: hoasengroup.vn)

Hanoi (VNS/VNA) – The surge in prices of steel since the beginning of 2021 helped many steel producers record good performance in the first quarter.

Rebar futures contracts, trading on the Shanghai Futures Exchange, increased sharply due to supply chain disruptions caused by the COVID-19 pandemic.

The most traded May rebar contract climbed 17.4 percent this year and traded at 5,101 yuan per tonne. The rebar price rose 51 percent compared to April 2020.

In its first quarter finance result, Hoa Sen Group (HSG) posted an increase of nearly 382 percent year-on-year in net revenue to 9.1 trillion VND, leading to a rise of 215.8 percent in profit after tax to 572 billion VND.

HSG said that the gain was mainly driven by increases in net revenue and falls in financial expenses, dropping nearly 30 per cent in the first quarter.

Ho Chí Minh City Metal Corporation (HMC) also witnessed strong growth in business results during this period with its revenue rising 40.4 percent over the same period of 2020 to over 1.1 trillion VND.

The company’s profit after tax gained over 10 times compared to last year to 64.7 billion VND, marking the highest quarterly profit since it was founded.

In the financial report, HMC said that the main reasons for the company’s outstanding performance were gains in sales and higher steel price.

The company will hold its annual general meeting on April 26. In a report prepared for the meeting, HMC set this year’s target of 3.45 trillion VND in revenue, down 5 percent year-on-year, with profit after tax increasing 16 percent to 44 billion VND.

Another steel producer posting good results in the first quarter was Thu Duc Steel JSC (TDS).

The quarterly financial report showed that the company’s net revenue rose 22.7 percent year-on-year to 601.6 billion VND. Its profit after tax also posted a gain of 45.5 percent to over 12.8 billion VND.

According to TDS, its steel consumption increased to over 1,760 tonnes in the last quarter while the steel price continued to rally.

The sharply decline in financial expenses also supported TDS’ business results. The fees slid nearly 76 percent year-on-year in the first quarter.

In 2021, TDS is expected to reach 20 billion VND in profit before tax.

On the Ho Chí Minh Stock Exchange (HoSE), HSG and HMC closed higher on April 19, up 5.86 percent and 6.91 percent, respectively.

TDS, which trades on UPCOM, also opened the new week on a positive note. The TDS shares increased 14.62 percent to 24,300 VND./.

VNA

Filed Under: Uncategorized steel producers, COVID-19 pandemic, Hoa Sen Group, profit after tax, Vietnam, VietnamPlus, Vietnam news, Business, Hoa Sen..., post election results, top steel producing countries, steel producing countries, galvanised steel fence posts, steel producers united states, steel producers europe, steel producers germany, steel sleeper posts, top 10 stainless steel producers in world, steel house posts, how is steel produced, tcs results q1 2018

Medley of factors spur property-buying spree

April 21, 2021 by dtinews.vn

The real estate frenzy across the nation has pushed land prices to record heights, while lenders are taking a vigilant approach. However, tightening real estate loans may not be the magic bullet to rein in buyers.

Commercial banks are more equipped than ever to deal with bubbles that occur in the real estate market, photo Le Toan

In this first quarter, land price rises were experienced across various provinces and cities, in the range of 30-50 per cent. Cities and provinces neighbouring Hanoi and Ho Chi Minh City have witnessed a significant increase, usually up to as much as 50 per cent.

“Low interest rates, an improving domestic economy, the rising popularity of urban lifestyle, and glittering appeal of industrial property as well as potential infrastructure projects have significantly spurred property buying across the nation in the past few years,” explained State Bank of Vietnam’s (SBV) Deputy Governor Dao Minh Tu.

The price hikes from north to south have attracted large amounts of cash flow. As of mid-March, real estate credit increased by 2.13 per cent, higher than the banking sector’s credit growth rate of the whole system (2.04 per cent). However, the SBV noted that real estate credit increased tremendously at a limited number of banks.

Both foreign-invested and local lenders are also trimming their interest rates to cash in on the increasing mortgage demand, illustrated in the cases of Shinhan Bank, UOB, and Standard Chartered. For instance, UOB reduced its rates from 8.7 to 6.49 per cent annually, while Shinhan Bank cut its annual rates from 6.7 to 6.3 per cent.

Some market watchdogs believed that, in the short term, the economic downturn has pushed investment capital flows out of manufacturing, tourism, and services sectors, which could find their way to the real estate industry. In the long run, real estate will be consistently placed high on the investment portfolio of individual and institutional investors, as its glitter of offering physical shelter and value stand the test of time.

Deputy Governor Tu of the SBV noted that the central bank has kept a firm hand on capital flows into the real estate sector due to their risky nature. Accordingly, credit pouring into the real estate sector has been gradually reduced during the last three years, especially in 2020 due to the pandemic. This ratio had grown by 11.89 per cent, compared to 26 and 28 per cent in 2018 and 2019, respectively.

In the first three months of this year, credit had grown by 3 per cent against the end of 2020, nearly equal to the normal ratio of 2.93 per cent in general.

“The figures show that the SBV is keeping a tight grip on the real estate loans, especially the flow into the high-end and hospitality segment,” Tu said.

Specifically, the central bank has set limits and safety ratios in banking operations to gradually reduce the ratio of short-term capital reserved for medium- and long-term loans and apply higher risk ratios for the loans of high value house buyers, aiming to direct credit flows into medium- and low-cost and social housing which are in major need of the end-users.

On the same note, commercial lenders are also taking a cautious approach to the real estate sector.

According to Nguyen Dinh Tung, general director of OCB Bank, when granting credit quotas to lenders, the SBV also guides the orientation of pouring capital into five priority areas. The portfolio of loans for securities and real estate, which are considered as risky sectors, has been strictly curbed accordingly.

Nguyen Hoang Linh, general director of MSB, said that by the end of the first quarter of 2021, the bank’s real estate loan proportion was only about 11 per cent of its total outstanding loans, much lower than 21 per cent in 2019.

Nguyen Thanh Do, vice chairman of HDBank’s board, stated that the real estate loans account for around 19 per cent of the total outstanding loans of the whole economy.

“Commercial banks are now becoming well-equipped to make it through the real estate bubble. Besides the SBV’s tightening regulations in this regard, each lender should implement its own legal corridor to set a loan ceiling ratio in this risky sector, which is in line with its financial health,” Do suggested.

Notwithstanding, the credit on the real estate market is not the main reason for the land price hike, and the stricter tightening of real estate credit cannot halt the increasing price, cited the SBV.

Even credit has increased slightly again, and not signalled any abnormal signs. Amid the turmoil of the real estate market in 2011-2012, credit for the real estate sector accounted for 40 per cent of the total outstanding loans of the whole system.

“Real estate-linked credit is not a major foundation for the land price hike. Real estate-related firms are hunting for more cash through various channels, such as corporate bonds, remittances, foreign direct investment, and mergers and acquisitions,” said Deputy Governor Tu.

Nguyen Tu Anh, general director of the Department of Economics Affairs at the Party Central Committee’s Economic Commission noted, “The main reason for the land price hike stems from the announcement of future plans for infrastructure, industrial parks, and new construction. Thus, tightening real estate credit would not be the magic pill to stop the feverish excitement in land.”

Filed Under: Uncategorized Medley of factors spur property-buying spree, relief factor where to buy, max factor where to buy usa, how property buy, ag factor where to buy, factors considered when buying a computer, influencing factors of consumer buying behaviour, factors affecting online buying behaviour, political factors affecting best buy, buying sprees, buying sprees meaning, bipolar buying sprees, unrestrained buying sprees

Rubber exports on a roll in first quarter

April 20, 2021 by www.vir.com.vn

rubber exports on a roll in first quarter
The World Bank forecasts that rubber prices will increase by 3 per cent this year

In the first quarter, DakLak Rubber Investment JSC (DRI) recorded more than VND16 billion ($695,650) in net profit thanks to increased consumption volume and high rubber prices. DRI sold 3,126 tonnes of rubber latex with an average selling price of $1,693 a tonne, up 212.4 and 136.8 per cent over the same period last year. Revenue for the period reached VND125 billion (5.43 million), higher than the VND53 billion ($2.3 million) in the previous first quarter.

Other companies also reported rising export prices. Typically, the average price of a ton of rubber in the first two months of Dong Phu Rubber JSC (DPR) reached VND46 million ($2,000), up 25.5 per cent on-year, according to a report by BIDV Securities Company (BSC).

Additionally, Tay Ninh Rubber JSC (TRC) reported an average price of VND46.3 million ($2013) a tonne, an increase of 35 per cent compared to the average price of 2020.

Data from the Agency of Foreign Trade showed that accumulated in the first three months, rubber exports reached about 435,000 tonnes, worth $722 million, up 89.7 per cent in volume and 116.6 per cent in value over the same period of 2020.

Particularly in March, Vietnam’s rubber export reached about 140,000 tonnes, worth $243 million, up 33.6 per cent in volume and 40.3 per cent in value compared to February.

Compared to the same period last year, rubber exports in March increased by 130.7 per cent in volume and 178.5 per cent in value.

According to MB Securities, Asian rubber prices are expected to rebound due to global economic recovery. In particular, the World Bank forecasts that rubber prices will increase by 3 per cent this year.

During the period from March 15 to April 15, rubber prices witnessed a significant decline in the context of the number of COVID-19 infections continuing to increase globally.

However, in the long term, with the prospect of global economic recovery as well as concerns about the shortage of rubber supply in Thailand, Indonesia, and Sri Lanka, rubber prices are expected to rise again.

In addition, China’s domestic rubber supply has plummeted as rubber plantations were strongly affected by droughts and floods in 2020.

Another reason for this trend is the fact that car manufacturers are facing a potential shortage of rubber, the main material used to produce tires and many other important car parts.

The Association of Natural Rubber Producing Countries (ANRPC) said that natural rubber (NR) supply is estimated to recover at 1.3 per cent on-year to 910,000 tonnes in March, while global consumption is projected at 1.234 million tonnes, up 7.4 per cent during the same reference period.

Favourable market fundamentals in the NR sector have supported the price growth in the futures and physical markets, except the Shanghai Futures Exchange.

By Truc Anh

Filed Under: Uncategorized rubber, export-import, Corporate, rubber export, rubber exports

Vietnam welcomes FDI in production of medical equipment: trade officer

April 21, 2021 by en.vietnamplus.vn

Vietnam welcomes FDI in production of medical equipment: trade officer hinh anh 1 Counselor Nguyen Manh Hung from the Vietnamese Embassy in Germany (Photo: VNA)

Berlin (VNA) – Vietnam has rolled out the red carpet for foreign investors , including those from ASEAN member states, to land investment in the field of advanced medical equipment , said Counselor Nguyen Manh Hung at the Vietnamese Embassy in Germany.

At a virtual conference held by Ernst & Young (EY) Global Limited on April 20, Hung said that ASEAN has produced a wide range of medical equipment, and 5-7 percent of the global equipment exports are sourced from ASEAN countries.

Vietnam has huge demand for medical equipment due to its rapid aging population, he stressed, believing that a network between ASEAN member states should be established to enhance information exchange as well as cooperation in the field so as to ensure timely supply of medical equipment and pharmaceutical products.

At the event, which also aimed to promote trade and investment in consumer goods within the bloc, Hung highlighted the important role of Vietnam’s garment and footwear in both domestic and export markets.

Despite adverse impacts of COVID-19, Vietnam’s exports of consumer products topped 100.3 billion USD in 2020, a year-on-year rise of 2.4 percent. Particularly, shipments of garment and footwear products accounted for 20 percent of the nation’s total export revenue in 2019.

Currently, Vietnam is the fourth largest garment and textile exporter, and the second biggest source market of footwear. However, 80 percent of the leather shoes come from the FDI sector, Hung said.

As the COVID-19 pandemic has affected the supply of materials for the two production sectors, while global demand has declined sharply, Vietnam is working to diversify its material supplies to reduce risks.

In a bid to enjoy tax preferences from free trade deals such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Europe-Vietnam Free Trade Agreement (EVFTA), brands and suppliers in Vietnam are using domestic materials.

According to Hai, with robust economic growth, ASEAN is both a large supplier of consumer products and a big market.

With increasing income, ASEAN consumers have preferred high-quality products, including garments and leather shoes; therefore, Vietnam is striving to branch out the two sectors through developing transport and logistics infrastructure, he added./.

VNA

Filed Under: Uncategorized foreign investors, ASEAN, advanced medical equipment, Ernst & Young (EY) Global Limited, Nguyen Manh Hung, consumer goods, garment, leather shoes, Vietnam News..., medical equipment trade, medical equipment trade shows, medical equipment trade show

Flags and banners adorn Hanoi’s streets before the election day

April 21, 2021 by hanoitimes.vn

On May 23, 2021, voters nationwide go to the polls to elect members of the 15th National Assembly and the People’s Councils at all levels for the term 2021 – 2026.

Many streets in Hanoi have been decorated with panels, flags, banners, slogans ahead of the election day of the 15th National Assembly and the People’s Councils at all levels for the term 2021 – 2026.

On May 23, 2021, voters nationwide go to the polls to elect members of the 15th National Assembly and the People’s Councils at all levels for the term 2021 – 2026.

This is an important political event of Vietnam, taking place after the success of the 13th Congress of the Party, which contributes to building the State of the People, by the People, for the People, under the leadership of the Communist Party of Vietnam.

Like other localities across the country, Hanoi residents are willing to cast their vote on the election day.

The Hanoi government has carried out election dissemination in compliance with the central level orientation.

All the streets in Hanoi are tinted red with banners, slogans, panels, posters to disseminate on the election day.

The Center for Hoan Kiem Cultural Information in the days heading to the election.

The list of the candidates is made public at the headquarters of Hang Dao ward, Hoan Kiem district, Hanoi.

The list of voters is posted publicly in Hang Dao ward.

Voters learn biographical sketch of candidates at Hang Gai ward, Hoan Kiem district, Hanoi.

A Hanoian pays attention to the list of candidates in Hang Dao ward.

Filed Under: Uncategorized Flags and banners, Hanoi’s streets, the election day, hanoi in 3 days, flag banner template, when election day, election day where to vote, election day how to vote, why election day is tuesday, hanoi how many days, hanoi itinerary 4 days, hanoi in 1 day, best hanoi street food, germany flag banner, marketing flag banners

Primary Sidebar

RSS Recent Stories

  • PAPI displays fruits of anti-corruption drive
  • State President offers incense in commemoration of Hung Kings
  • Hung Kings’ death anniversary commemorated in HCMC
  • Japanese Self Defense Forces’ Day celebrated in Hanoi
  • Navy’s chief receives Japanese Ambassador to Vietnam
  • GDP leader checks preparations for receiving Chinese military delegation

Sponsored Links

  • Google Home Mini at Rs 499: Here’s how to get discount
  • LG may deliver displays for Apple’s foldable iPhones: Report
  • Flipkart quiz February 19, 2021: Get answers to these five questions to win gifts, discount coupons and Flipkart Super coins
  • Call of Duty: Black Ops Cold War to get new zombies mode ‘Outbreak’
  • Why Amazon Echo is the AirPods of smart speakers in India
Copyright © 2021 VietNam Breaking News. Power by Wordpress.