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With falling demand and rising input costs, chicken farmers in the north central province of Nghe An are on the verge of bankruptcy, struggling with a debt crisis. Pham Van Chinh besides the dead chickens Tien Thanh and Ma Thanh Communes in Yen Thanh District are known as Nghe An’s Chicken Kingdom, but the cheap chicken prices have caused farmers to incur losses over the past time, forcing them to scale down their flocks or give up breeding chickens. Pham Van Chinh in Tien Thanh Commune said his family had incurred losses of VND1 billion (USD42,962) so far this year. Since early this year, the price of animal feed sharply increased while the price of chicken dropped dramatically. Currently, a 25kg-bag of bran costs VND360,000, an increase of 15 percent compared to last year but the current chicken prices range from VND38,000-40,000 a kg. Chinh cannot now afford to buy bran to feed his flock of chicken and is struggling with an amount of debt. Tran Thi … [Read more...] about Nghe An chicken farmers face debt crisis

Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry speaks at the opening ceremony of the exhibition. (Photo: VNA) Hanoi (VNA) – The 11th Hanoi International Plastic, Rubber, Printing, and Packaging Industry Exhibition (Hanoi PlasPrintPack 2023) was opened in Hanoi on June 8, attracting 200 companies with 340 booths. The companies are from 11 countries and territories including China, India, Indonesia, Japan, Malaysia, the Philippines, Taiwan (China), Hong Kong (China), Thailand, the UK, and Vietnam. Speaking at the opening of the exhibition, Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry, said that along with the development of the domestic manufacturing industry, the plastic, packaging, and printing industries also see rapid growth. They are supporting industries with great potential and require high-tech products, modern production processes, and management to increase competitiveness in the market. Ho Duc … [Read more...] about Over 200 companies join Hanoi PlasPrintPack 2023

Police in Hanoi have arrested four suspects and seized more than 62kg of synthetic drugs, cracking down on a ring that smuggled drugs disguised as food and home appliances from European countries into Vietnam. The kingpin, 27-year-old Hoang Tien Dung, hailing from northern Hung Yen Province, was arrested during a coordination between the police of Hanoi and their colleagues in Hung Yen from May 4 to 7. To create a screen to hide his illegal drug smuggling, Dung set up an agency providing purified water and a night eatery in Hung Yen but used these facilities as the places to receive and deliver drugs, Hanoi police reported on Tuesday. Also detained with Dung were his two accomplices, Tran Van Tuan, 19, and Dao Ngoc Long, 35, both from Hung Yen. Tuan directly aided Dung in the illegal sale of smuggled drugs in Vietnam while Long acted as a middleman for Dung to deal with a suspect living abroad to buy drugs from European countries. Earlier on March 23, Hanoi police in … [Read more...] about Hanoi police bust ring smuggling drugs from Europe to Vietnam

Packages of fresh sugarcane are transported for export to the US. — VNA/VNS Photo Thanh Hai The northern province of Hoa Binh announced the second batch of 18 tonnes of fresh sugarcane bound for the US at a ceremony on Wednesday. After successfully exporting the first consignment of 20 tonnes of fresh sugarcane to the US in March this year, the province’s agricultural sector has actively worked to seek inroads into the international market for local agricultural products. Director of the province's Sub-Department for Quality Management of Agro-Forestry and Fisheries Products Nguyen Huu Tai said that sugarcane grown in Hoa Binh is well known in the domestic market. The plant grows well in the province thanks to favourable soil and weather, and can bring high economic value. The two export batches were the result of months of negotiations between Tien Ngan Company and a US partner. The company expects to ship between 300-500 tonnes of fresh sugarcane to several countries this … [Read more...] about Hoa Binh Province ships second batch of fresh sugarcane to US

In a video that has been circulating on the Internet since Wednesday, Jocelyn Chia joked about how Malaysian airplanes "cannot fly" during a stand-up performance at a comedy club in the U.S. "Malaysian Airlines going missing not funny huh?" she said in the video. "Some jokes don't land," she added, seemingly referring to the disappearance of Malaysian Airlines MH370, with 239 people on board now presumed dead. She also made crude remarks about Malaysia as a country, with quips like "they don't have Internet." The jokes drew quick criticisms from online communities and authorities from both Malaysia and Singapore alike. "This is so disrespectful and you shouldn't use the airlines as a joke to those families that had lost their loved ones," read one comment posted about the video on Facebook. "She shouldn’t make fun of MH370, that’s just bad taste," said another commenter on YouTube. In response to the incident, Malaysian Foreign Minister Zambry Abdul Kadir said Chia’s act … [Read more...] about Singapore comedian’s jokes about MH370 plane disappearance draw ire

According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), accumulatively as of May 20, total foreign direct investment (FDI) inflows into Vietnam reached $10.86 billion, a drop of 7.3 per cent on-year, the fall is getting smaller than in previous months. Of this, newly registered capital was $5.26 billion, up 27.8 per cent on-year; additionally registered capital was $2.28 billion, down 59.4 per cent; and capital contribution and share purchase $3.32 billion, up 67.2 per cent. Do Nhat Hoang, FIA director-general, said that the rise of newly registered investment in the first five months is much higher than that in the first four months (11 per cent). The number of newly registered projects in the first five months also soared sharply on-year (66.4 per cent) to over 960 projects. “The growth rate of the number of new projects confirms that small- and medium-sized foreign investors continue to believe in Vietnam’s business environment,” said Hoang. … [Read more...] about Vietnam tasked with gaining FDI edge

HANOI -- Two Chinese makers of energy storage systems and batteries are weighing investments worth hundreds of millions of dollars in Vietnam, industry and government sources said. The combined value of the investments could exceed $1 billion, according to one person with direct knowledge of the discussions. A growing number of Chinese companies are launching or expanding manufacturing projects in Vietnam, a global export hub thanks to its array of free trade deals and cheap labour. Xiamen Hithium Energy Storage Technology, a startup that is expanding in Europe and the U.S., has approached officials and industry managers in Vietnam to potentially invest up to $900 million to build a plant on more than 30 hectares of industrial land, the person said. If the investment is finalised at that figure, the company would become one of the largest foreign investors in Vietnam. A second source familiar with the discussions said the investment under consideration would be worth at … [Read more...] about Chinese energy storage, battery firms consider big investments in Vietnam

A part of Melbourne City in Australia. Vietjet has offered a comprehensive insurance package for passengers on all international flights. — Photo courtsy of Vietjet Vietjet has offered a comprehensive insurance package Sky Care for passengers flying with the airline on all international flights from June 6 to increase the wonderful experience on international flights across five continents. These international routes connect Viet Nam and Kazhakstan, Australia, India, South Korea, Japan, Hong Kong, Taiwan (China), Indonesia, Singapore, Malaysia and Thailand. With Sky Care insurance package, passengers are fully insured on the entire flight journey with benefits including reimbursement of medical expenses incurred due to accidents or illnesses (including COVID-19), flight-related problems (including flight delay, baggage delay, baggage loss or damage, lost travel documents), and global travel and medical support services 24/7. The total value of insurance benefits is up to … [Read more...] about Vietjet offers Sky Care travel insurance on all international flights