25 000 after tax

A total of 103 sets of remains of Vietnamese volunteer soldiers and experts who laid down their lives while on duty in the northern Lao provinces of Vientiane, Xaysomboun and Xiengkhuang were returned to Vietnam on May 22 and 23. The minutes is signed among the three Lao provinces and Vietnam's Nghe An for the return of 103 sets of remains of fallen Vietnamese soldiers and experts to the home country. (Photo: VNA) The remains were founded by the repatriation team of central Nghe An province’s Military Command during the 2021 – 2022 dry season. They will be re-buried at Nghi Loc martyrs’ cemetery on May 25. The number is higher than the expectation, despite challenges posed by the COVID-19 pandemic. Maj. Gen. Xitha Duangmala, vice chairman of the Lao Government's special working committee, it is owing to the close coordination, sense of responsibility and high determination of concerned parties in searching and returning the remains. The Party, … [Read more...] about Over 100 sets of remains of Vietnamese fallen soldiers repatriated from Laos

Agro-product providers and exporters defy the impact of a sharp increase in fertiliser prices Since early this year, fertiliser prices consecutively broke records with the latest price between VND16-18 million ($700-780) per tonne – the highest level in the past 50 years, according to the Department of Plant Protection under the Ministry of Agriculture and Rural Development (MARD). The selling price of URE Ninh Binh and Ha Bac climbed to VND17.5 million ($760) per tonne, while diammonium phosphate fertiliser registered the biggest rise to reach VND22 million ($950) per tonne. An MARD report showed that in 2021, Vietnam imported 5.1 million tonnes of fertilisers, and in the first four months of 2022, the figure was over 880,000 tonnes. Nguyen Tri Ngoc, vice chairman of the Vietnam Fertiliser Association said, “The fertiliser price hike is attributed to the inadequate supply of these products because of the Russia-Ukraine conflict. Russia and Belarus make up nearly half of the … [Read more...] about Agro-product providers and exporters defy impact of sharp increase in fertiliser prices

Germany-invested Framas Group has rented a 20,000-square-metre ready-built factory in KTG Industrial Nhon Trach 2, in the southern province of Dong Nai. Framas Group specialises in manufacturing high-quality plastic parts with customers including Nike and Adidas. Fabian Urban, director of footwear technology at Framas Vietnam, said that the reason for choosing Vietnam to open a factory is that the facilities are superior to other locations. “The establishment of this new factory is part of the group’s wider strategy to develop the footwear sector in the Vietnamese market,” said Urban. Meanwhile, Danish jewellery brand Pandora on May 12 signed an MoU to build a new jewellery crafting facility in Vietnam-Singapore Industrial Park III (VSIP) in the southern province of Binh Duong, 40km north of Ho Chi Minh City. According to Jeerasage Puranasamriddhi, chief supply officer at Pandora Production Co., Ltd., the new factory will be the company’s third manufacturing site and its first … [Read more...] about Key localities stepping up industrial real estate moves

World opening eyes to exciting Vietnamese offerings in F&B. Source: thaifex-anuga.com In order to contribute to the cooperation and trade exchange of businesses in Vietnam and Thailand, THAIFEX-Anuga Asia, the region’s largest food and beverage (F&B) trade fair, is taking place on May 24-28. This year’s fair at the IMPACT complex in Bangkok will include 1,200 exhibitors, 2,500 high-profile buyers, 11 food segments, and approximately 40,000 visitors across the industry. “Participating in the exhibition, we believe that the brands and quality of Vietnamese F&B products will be welcomed in this market. Moreover, Thailand could become a stronger link for Vietnamese goods to enter other markets in which major Thai retailers are reaching out,” said the representative of one Vietnamese business joining the exhibition. Thailand is one of the most familiar and promising markets for exporting F&B products. At last month’s meeting between the industry and trade … [Read more...] about World opening eyes to exciting Vietnamese offerings in F&B

Inside a factory of PetroVietnam Ca Mau Fertiliser JSC (DCM). DCM's net revenue reached VND4.07 trillion in Q1, 2 times higher than the same period last year. — VNA/VNS Photo Huynh Anh The fertiliser industry's gross profit margin may decrease after peaking in the first quarter of 2022, but the fertiliser sector still sees positive prospects in the near future, thanks to export growth. According to KIS Vietnam Securities Joint Stock Company (KIS), the revenue of the fertiliser industry in the first quarter of 2022 reached VND30.93 trillion (US$1.3 billion), up 71.2 per cent over the same period last year, while profit after tax reached VND6.8 trillion, 7.9 times higher than the previous year. Leaders in the growth of profit after tax in the first quarter of 2022 are Petrovietnam Fertiliser & Chemicals Corporation (DPM) and PetroVietnam Ca Mau Fertiliser JSC (DCM). Petrovietnam Fertiliser & Chemicals Corporation (DPM) reported a profit after tax of VND2.12 trillion, up … [Read more...] about Fertiliser industry’s gross profit margin may decrease after peaking in Q1

Local farmers process raw rattan furniture and craft businesses nationwide. Some bankable projects have been developing in Quảng Nam Province in creating sustainable development and value chain for rattan. Photo courtesy of Lục Đông company Công Thành Since starting a rattan and bamboo processing business in 2008, Trần Trung Hiếu has built a sustainable value chain for providing environment-friendly materials for crafts production by growing 152ha of rattan forest in the disadvantaged Nam Giang and Tây Giang districts in the central Quảng Nam Province in 2019-20. Hiếu, who is deputy director of Lục Đông company which specialises in processing rattan for furniture and crafts enterprises nationwide, said he had been cooperating with local ethnic groups in the two districts in building a sustainable chain of rattan that improved income for local people and protected biodiversity from exploitation. In 2019, Hiếu, with the technical assistance of WWF-Việt Nam, developed a … [Read more...] about Bankable projects offer sustainable development for local people

Inside one of the country's biggest rice warehouses Ms. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that soil in Malaysia is not suitable for rice cultivation; thus, the country's agriculture focuses on oil palm and rubber trees while its rice self-sufficiency can only meet about 60 percent of domestic demand. Therefore, every year Malaysia has to import from 900,000 to 1 million tons of rice  to meet domestic demand and its reserve. The country often imports long white rice, which is very popularly grown in Vietnam. However, it is not easy for Vietnamese enterprises to export rice to this market. The Malaysian government has assigned Padiberasnasional Berhad Group (Bernas Berhad) to be the exclusive importer of the long white rice to meet the domestic demand. Accordingly, Vietnamese export companies that want to export rice there must sign a contract with Bernas Berhad. Currently, the Vietnam Southern Food Corporation is signing … [Read more...] about Vietnamese rice grain struggling to find position in rice export

DigiSpark aims to inspire and mobilise all employees to build the future-fit digital capabilities that we need to be successful in driving the company’s growth and people’s development in a fully digitised world. The event will feature our leaders talking about the vital role digital is playing in Unilever’s future and our strategic priorities. Providing a further perspective, external speakers will cover digital trends that are impacting our business. This is an opportunity for everyone at Unilever to learn more about the future of work and how to get future-fit with our One Unilever digital upskilling programme. The DigiSpark event is a part of Unilever’s digital transformation programme, Digital 4 Growth, which began in 2021 and continues to accelerate the company’s strategic choices this year. The key deliverables are to: Implement Digital Marketing and Commerce Hub’s globally, enabling faster and more effective digital asset creation and deployment to … [Read more...] about DigiSpark: Your window to our digital world

The Government is committed to taking timely measures to ensure macroeconomic stability. The high inflationary pressure amid the recovery of domestic demand is putting Vietnam’s GDP growth target of 6-6.5% for this year at risk. Overview of the session. Source: quochoi.vn Deputy Prime Minister Le Van Thanh gave the remarks at the third session of the 15 th National Assembly held today [May 23]. According to Thanh, the Vietnamese economy has been on a positive recovery track in the first months of 2022 under the new normal. Total budget revenue for the first four months grew by 15.4% year-on-year to VND657.4 trillion ($28.4 billion), while the consumer price index (CPI) expanded by 2.64%, the lowest four-month period growth in the past five years. As of mid-May, credit growth stood at 7.2% against late 2021 and up 17% year-on-year, which showcases the recovery of economic activities, along with greater efforts from the Government to restore discipline … [Read more...] about High inflationary pressure put GDP 6.5% growth target at risk: Gov’t

Rice field in Vinh Phuc is submerged in rainwater According to the authority’s update to 5 pm, a huge landslide swept away 37 homes on the day in northern provinces including Tuyen Quang, Ha Giang, Thai Nguyen, Hoa Binh, and Phu Tho due to landslides triggered by heavy rain. After a day of heavy rain, 956ha of rice, and crops, 11ha of aquatic products were damaged due to flooding, and 20 cattle and 775 poultry died. In addition, nearly 3,000 cubic meters of soil and rock collapsed on roads. The suburban area in Hanoi’s west was heavily flooded due to continuous rains, and cloudy sky around high-rise buildings. Soldiers help to remove cattle for residents A man with a fish bag The flooded area is concentrated on both sides of the road to gather Thang Long Boulevard, especially the tunnels under Thang Long Boulevard in Hoai Duc and Nam Tu Liem districts. Some other areas such as To Huu and Nguyen Trac streets, the National Highway 6 through Yen Nghia Ward in Ha … [Read more...] about North provinces flooded, traffic snarled up