Viet Nam bets on huge potential of Macadamia

Macadamia was introduced in Viet Nam for trial cultivation in 2002. Local scientists had tested and found that the north-western and Central Highland regions offer conditions best suited for the plant. — Photo nld LAM DONG (Biz Hub) — Macadamia cultivation is expected to reap considerable benefits for farmers in the central Highlands region, where the traditional cultivation of coffee and rubber have started reflecting a development limitation. That expectations of both farmers and authorities about the potential of macadamia cultivation cannot be ignored. Macadamia was introduced in Viet Nam for trial cultivation in 2002. Local scientists had tested and found that the north-western and Central Highland regions offer conditions best suited for the plant. The potential of macadamia growth also comes from its inherent value. The macadamia nut is dubbed as the "the Queen of Nuts" for its outstanding nutritional value. Experts pointed out that compared with other common … [Read more...]

Construction of many schools, cultural facilities funded

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The Thuc Khang commune People's Committee (Binh Giang district, Hai Duong) and Him Lam Corporation jointly inaugurated the commune's junior high school on February 8. Lien Viet Post Joint Stock Commercial Bank donates VND500 million to the Study Encouragement Fund of Binh Giang district The work construction was commenced on September 2014 pursuant to the national standard model at a cost of VND25 billion totally funded by Him Lam Corporation. This is the 5th school in the province to have been built with the company's funding. Earlier, the company supported the construction of six cultural houses for hamlets in Tan An commune (Thanh Ha district); Minh Duc Primary School (Tu Ky district); and a preschool, primary and junior high schools, and an infirmary in Ngu Hung commune (Thanh Mien district). At the inauguration ceremony, Lien Viet Post Joint Stock Commercial Bank (whose current largest shareholder is Him Lam Corporation) donated VND500 million to the Study Encouragement … [Read more...]

Seminar looks to promote macadamia planting

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People visit a macadamia garden on a farm. (Photo: VNA) A seminar was held in Central Highlands Lam Dong province’s Da Lat city on February 7 to introduce a roadmap for the implementation of a macadamia cultivation project in the Central Highlands region. It is organised by the Lam Dong People's Committee, the Central Economics Committee and the Central Highlands Steering Committee. According to the project, the Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) will lend the Him Lam Joint Stock Company over 20,000 billion VND (over 930 million USD) for planting macadamia for five years. This is the first project aimed at large-scale cultivation of the macadamia nut in Vietnam. The Him Lam Company will supply farmers with seeds, fertiliser, and plant protection products and will teach them proper planting techniques. The money will also be invested during the first phase of the project for macadamia cultivation on 100,000 hectares of land by 2020. Another … [Read more...]

LienVietPostBank to fund macadamia project

People visit a macadamia garden on a farm in Mai Son District, Son La Province. LienVietPostBank will lend Him Lam Co US$930 million to develop the cultivication of macadamia in the Cental Highlands region. — Photo http://www.baosonla.org

LAM DONG (Biz Hub) — A seminar is inaugurated today in the Da Lat City to introduce a roadmap for the implementation of a macadamia cultivation project in the Central Highlands region. The seminar is organised by the Lam Dong People's Committee, the Central Economics Committee and the Central Highlands Steering Committee. According to the project, the Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) will lend the Him Lam Joint Stock Company over VND20,000 billion (over US$930 million) for planting macadamia for five years. This is the first project aimed at large-scale cultivation of the macadamia nut in Viet Nam. The Him Lam Company will supply farmers with seeds, fertiliser, and plant protection products and will teach them proper planting techniques. The money will also be invested during the first phase of the project for macadamia cultivation on 100,000 hectares (ha) of land by 2020. Another VND18,600 billion ($865 million) is expected to be invested … [Read more...]

Promoting Central Highlands as Macadamia Capital of Southeast Asia

Macadamia, called "Queen of dry nuts" because of high nutrient content, is used as functional food and in cosmetics. According to statistics, the world demand for Macadamia has shot up by four times and predictably, it takes at least ten years to help the current supply to catch up with the increasing demand for Macadamia. The price of Macadamia on the world market keeps increasing, making it one of the most expensive agricultural products today. This nut is evaluated as a potential economic plan for the Central Highlands.Why macadamia? According to the Central Highlands Institute of Agro-forestry Science and Technology, among more than 450,000 hectares of coffee of the region now, there have been about 20 percent of old coffee trees and many kinds of outputs that are not stable, recoverable and transplanted. It is estimated that by 2020, more than 70 percent of the coffee in this area will have fallen into a similar situation. Macadamia has been planted in Vietnam since the early … [Read more...]

Social News 8/1

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Health authority tests strange snail to verify cause of fishermen’s deaths The Department of Food Safety in the central province of Ha Tinh sent the snail, that caused the deaths of three fishermen on January 5, to the Ministry of Health’s Food Administration of Vietnam. Dr. Phan Van Hung, head of the Department of Food Safety, yesterday said that his department will test the snails to verify soon the deaths of the three fishermen. As newspaper released yesterday, three fishermen including Tran Xuan Thuc and Tran Van Duong both at 29 year old and Duong Van Tinh, 22 in Tinh Gia District of the northern province of Thanh Hoa died after eating strange snail though they were taken to the province’s General Hospital for emergency treatment by border safeguards. The test result is hoped to be soon publicly released to warn the community of the strange snail. Ministry vows to take drastic measures against unsafe food As public concerns over contaminated food have been … [Read more...]

Banks cashing in on end-of-year remittances

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Banks in Vietnam have stepped up competition to win the deposits of year-end remittances from overseas workers, which are a profitable source of income. Employees counting money at Ocean Bank In the race to attract customers, Vietcombank has launched a promotion using MoneyGram, UniTeller and TNMonex services. Recipients of remittances are being offered mobile phones, computer tablets and microwave ovens to open accounts. The deputy general director of Vietcombank, Nguyen Thanh Ha, said nearly USD1.3 billion was remitted last year, with remittances expected to hit USD1.4 billion this year. Agribank, Vietinbank and ABBank are also pushing for new customers with promotional offers, while Sacombank is offering outbound tours and several gifts to customers using their services. A director of Sacombank, Nguyen Huy Khang, said last year the bank took in USD1.7 billion in remittances and forecasts that will increase to USD2 billion this year. One director of Agribank, in Bac Giang … [Read more...]

Social News 12/12

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Crackdown on smugglers creates border control turmoil A crackdown on smugglers has created turmoil at Vietnam-China border crossings, notably at Mong Cai Border Gate in Quang Ninh Province, which is being flooded with people going back and forth between the two countries as gangs probe for weak spots in border control. Officials said Mong Cai Border Gate processed 10,000 people on December 6. The crowdness has been going on over the past month following the arrest of a smuggling gang on November 2, which prompted an increase of inspections by border gate security along the border. … [Read more...]

Social News 10/12

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National award for media coverage of VN launched The Party Central Committee's Commission for Publicity and Education and Steering Committee for External Information Services launched their first-ever award for Viet Nam-related journalism for overseas audiences yesterday in Ha Noi. Print newspapers, radio, television and e-newspapers published in Vietnamese and foreign languages, both domestically and overseas, are eligible for the prize. Pham Van Linh, deputy chairman of the Party Central Committee's Commission for Publicity and Education and the Steering Committee, said that broadcasting Viet Nam's image to the world and spreading the word about the country's achievements were important tasks. … [Read more...]

Social News 3/11

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Annual run raises funds for kids with cancer, heart disease Thousands of Hanoians are expected to participate in a run that will raise funds for underprivileged children with cancer and heart diseases. The annual Ha Noi Run for Children (HRC) on November 9 will begin at the main gate of the Thong Nhat (Reunification) Park on Tran Nhan Tong Street, and go around Thien Quang Lake. Launched by the Embassy of Canada and other agencies, the HRC fundraising event is now considered a fall tradition in the capital city that draws both expatriates and Vietnamese citizens. The event helps raise about US$500,000 each year. … [Read more...]

Social News 27/10

VFF signs MoU on cooperation with Singaporean partner The Vietnam Fatherland Front Central Committee (VFFCC) and the People's Association of Singapore signed a memorandum of understanding (MoU) on cooperation for the 2014-2016 period in Hanoi on October 22. The MoU was signed by VFFCC Vice President and General Secretary Vu Trong Kim and Chief Executive Officer of the Singaporean association Ang Hak Seng. The signing followed talks between VFFCC President Nguyen Thien Nhan and the Singaporean guest, during which the two sides updated each other on socio-economic development in their respective countries during the first nine months of 2014. … [Read more...]

Social News 16/10

Search for Vietnamese sailors called off The Japanese government has officially stopped searching for six missing Vietnamese sailors after a three-day helicopter search. Six of seven Vietnamese sailors working aboard a Taiwanese ship went missing after jumping off the ship on Sunday. When they went overboard, the ship was 18km off the coast of Hokkaido, Japan. The Department of Overseas Labour Management contacted the other sole Vietnamese sailor left working aboard the ship. He said that the working and living conditions on the ship were good and refused to jump off when his shipmates attempted to persuade him. … [Read more...]

First domestic ETF debuts on HOSE

Hong Phuc Managed by Vietnam Fund Management Company (VFM), the E1VFVN30 fund certificate represents the performance of the 30 largest stocks on the southern bourse, tracked by the VN30 Index. The stocks account for around 60-70% of trading value on the market. The reference price was defined as the net asset value (NAV) per certificate dated October 3 at VND10,206.19. The number of listed certificates was 20.2 million, which equals to the proceeds raised from the fund's initial public offering (IPO) of VND202 billion from July 21 to August 20, doubling the amount that had been initially expected. It raised the money from authorized participants HCMC Securities Corporation and Bao Viet Securities Company and other organizations. … [Read more...]

Who is the second-ranked dollar billionaire in Vietnam?

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VietNamNet Bridge - After Mr. Pham Nhat Vuong, the following names are said to be the most outstanding candidates for the second dollar billionaire of Vietnam. relate news First Vietnamese billionaire on Forbes listVietnamese-American billionaire among 1,000 richest people in the worldSpecial heirs in Vietnam300 billionaires group as Vietnamese super-rich On September 17, Wealth-X and UBS (Swiss Bank) released the report "Billionaire Census 2014". In particular, Vietnam has two billionaires with total assets of approximately $3 billion. One of the two names is confirmed to be Mr. Pham Nhat Vuong, Vingroup chairman, who was included in the list of Forbes billionaires for two consecutive years, with assets estimated at $1.6 billion (announced in March 2014). … [Read more...]

Image: Vietnam’s longest expressway opens

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Prime Minister Nguyen Tan Dung inaugurated the 245 km Noi Bai-Lao Cai expressway, the longest of its kind in Viet Nam, yesterday. Speaking at the opening ceremony, PM Dung stressed that the expressway played a crucial role in the socio-economic development of the northwest region. He instructed the Transport Ministry and northwestern provinces to ensure that provincial highways could easily be connected to the expressway. … [Read more...]

Vietnam’s longest expressway opens

Vehicles travel on the 245km Noi Bai - Lao Cai Expressway, which connects Noi Bai in Ha Noi and Lao Cai Province. The expressway opened to traffic yesterday.

Prime Minister Nguyen Tan Dung inaugurated the 245 km Noi Bai-Lao Cai expressway, the longest of its kind in Viet Nam, yesterday. Speaking at the opening ceremony, PM Dung stressed that the expressway played a crucial role in the socio-economic development of the northwest region. He instructed the Transport Ministry and northwestern provinces to ensure that provincial highways could easily be connected to the expressway. … [Read more...]