President Phuc spoke highly of efforts made by Quang Nam and Kon Tum provinces in preserving and developing Ngoc Linh ginseng and expanding the growing areas. However, he also pointed out several problems that need to be addressed in the development of Ngoc Linh ginseng such as climate change, counterfeit products, and the ineffective application of scientific and technological advances. Therefore, the State leader stressed the importance of the engagement of both producers and researchers to better develop the plant, as well as the need to diversify products, protect purebred genetic resources, and expand the application of technologies in growing and developing Ngoc Linh ginseng. At the workshop, representatives from some management agencies gave details on a project on Ngoc Linh ginseng development by 2030 with a vision to 2045, the current status and development orientations in Quang Nam province as well as potential and aspirations to develop this kind of ginseng in Kon Tum … [Read more...] about President requires greater efforts to promote value of Ngoc Linh ginseng
Destiny 2 high value target farming
Investors’ risk appetite continues to improve this week
A trader observing the market's movements on his computer. — Photo baodautu.vn After hitting a bottom of around 1,140 points in early July, the stock market had recovered for four straight sessions, with the benchmark VN-Index surpassing the threshold of 1,250 points. Notably, liquidity improved significantly last week and has now exceeded the recent 20-week average. This marked the second week of such an increase, showing that investors' interest is improving. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index ended the week at 1,252.74 points, down 0.11 per cent. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange (HNX) closed higher, up 0.73 per cent to 299.9 points. For the week, the VN-Index rose by 3.85 per cent and the HNX-Index was up 3.91 per cent. Trading value on HOSE increased by 39.2 per cent from the previous week to VND83.1 trillion (US$3.5 billion), equivalent to a gain of 47 per cent in volume to more than 3.5 billion shares. On the northern bourse, … [Read more...] about Investors’ risk appetite continues to improve this week
Giants reshape retail pharmaceutical market
A Long Chau drugstore. The pharmaceutical retail market was seeing the rapid expansion of modern drugstore chains. — Photo FPT Retail The winds of change are blowing through Viet Nam’s retail pharmaceutical industry, with giants wrapping up investments to establish modern retail chains in an anticipated fast-growing market, which mom-and-pop stores currently dominate. After Pharmacity, FPT’s Long Chau, and Mobile World Investment Corp’s An Khang pharmacy chains, Masan Group is supposedly gearing up preparations to enter the pharmaceutical retail market. According to the national portal about business registration, Winphar Trading Services Corporation was founded on March 31 with WinCommerce, holding a stake of 80 per cent, Do Thi Hoang Yen and Tran Phuong Bac, 10 per cent each. WinCommerce, a member of Masan Group, currently operates the most significant nationwide grocery modern trade retail platform Winmart and Winmart+ while Yen and Bac both held important positions at … [Read more...] about Giants reshape retail pharmaceutical market
Demand for cotton forces adjustments
Thanh Cong Textile Garment Investment Trading JSC exported over one-third of its products to the United States in 2021. However, the company started to face challenges following the US’ blanket ban on all Xinjiang cotton. Last year, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act. Vietnam’s cotton imports reach up to one million tonnes each year, Photo: Shutterstock Tran Nhu Tung, chairman of the company, said that the company has adopted regulations this year related to this act. Accordingly, buyers have to be responsible for export orders to the US which source Chinese cotton materials. Thanh Cong secures many large orders from the US. In 2022, the company sets a target to generate $179 million in revenues and $10.87 million in profit, up 120 per cent and 188 per cent respectively against last year. Tung noted that yarn exports are the main driving force for Thanh Cong. “There is a rapidly growing demand for yarn imports in the global … [Read more...] about Demand for cotton forces adjustments
HCM City seeks to boost technology transfer from universities
Huynh Kim Tuoc, managing director of the Saigon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, speaks at the event. (Photo: VNA) HCM City (VNA) – Huynh Kim Tuoc, managing director of the Saigon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, affirmed Vietnam holds tremendous potential for technology development and transfer thanks to its highly qualified experts and intellectuals with rich experiences in this field, especially young and talented human resources at universities. Tuoc said that at a recent workshop in Ho Chi Minh City on promoting the establishment of technology transfer offices (TTOs) in universities, which was co-organised by SiHub, Australia's University of Technology Sydney (UTS) and Singapore's leading incubator fund Expara. The workshop attracted a large number of domestic and foreign experts, and representatives of universities in … [Read more...] about HCM City seeks to boost technology transfer from universities
Hanoi International Film Festival to return in Q4
Vietnamese and international viewers will enjoy the unique works of worldwide cinema industries. The sixth Hanoi International Film Festival (HANIFF) will make a comeback and is scheduled to take place in Hanoi between November 8 and 12, according to the Ministry of Culture, Sports and Tourism. After a two-year hiatus due to the Covíd-19 outbreak, the new context of safe and flexible adaptation to the pandemic makes its 6th edition this year a special one, the ministry said, authorizing the Vietnam Cinematography Department and relevant agencies to organize the event. The biennial festival aims to honor outstanding international and Vietnamese film works with high artistic value, rich in humanism and creativity. Foreign filmmakers at the fifth HANIFF held in Hanoi. Photo: Lai Tan The film festival also aims to encourage new talents in the movie industry in Vietnam and worldwide while promoting cooperation among filmmakers for the development of cinema. … [Read more...] about Hanoi International Film Festival to return in Q4