Tran Quoc Vuong, Politburo member and head of the CPV CC’s Inspection Commission, will replace Huynh as standing member of the CPV CC’s Secretariat. The decision was made at a meeting on personnel work on March 2 of the Politburo under the chair of General Secretary of the CPV Central Committee (CPV CC) Nguyen Phu Trong. Tran Quoc Vuong, Politburo member and head of the CPV CC’s Inspection Commission, will replace Huynh as standing member of the CPV CC’s Secretariat. Meanwhile, Nguyen Xuan Thang, Secretary of the CPV CC, Director of the Ho Chi Minh National Academy of Politics and Vice President of the CPV Central Committee’s Theoretical Council will assume the position as President of the council for 2016-2021. … [Read more...] about Dinh The Huynh leaves Party posts for illness treatment
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When news broke last week that one of Vietnam’s largest conglomerates, Vingroup, had plans to sell off its retail and agricultural arms to Masan Group, a major player in Vietnam’s fast-moving consumer goods (FMCG) market, industry insiders were unsure what to make of the announcement. The official line from Vingroup is that the deal is expected to provide the company with the resources it needs to focus its energy on technology and production sectors. Meanwhile, Masan’s strong position in the FMCG market will allow it to fully leverage the massive retail network that Vingroup has built over the past few years. Under an agreement reached on Tuesday, Vingroup’s VinCommerce and VinEco arms will be acquired by Masan and incorporated into Masan Consumer Holdings, which is Masan’s consumer retail business. Vingroup will exchange its shares in VinCommerce for a minority stake in a grand new retail company to be formed after the … [Read more...] about Why did Vietnam’s largest conglomerate sell of its retail arm?
Luc Ngan develops citrus fruit into VietGAP and GlobalGAP standards. (Photo: bacgiang.gov.vn) Bac Giang (VNA) – Citrus farmers in the northern province of Bac Giang have been earning high incomes from growing oranges and grapefruit. They started growing citrus fruit in Luc Ngan district around ten years ago, and they have since become a local staple and won favour among the pickiest consumers nationwide. In recent years, the district has continued to expand its plantations and followed VietGap standards with the aim of exporting their products. Tran Thi Phin, a farmer in Truong Sinh village, Tan Quang commune, said her family cultivates Dien grapefruit and green-skin grapefruit on an area of 7,200 square metres, and pockets 300-400 million VND (12,900–17,200 USD) each year. Since 2017, the orchards have been developed in line with VietGAP standards, with processes such as fertiliser and pesticide use recorded daily, she added. In a bid to facilitate the sharing of … [Read more...] about Bac Giang farmers cash in on citrus fruit plantation
Experts discussing on how to develop an ecosystem for e-commerce development At TechFest held yesterday (December 4) in Quang Ninh province’s Halong city, James Dong, CEO of Lazada Vietnam and Lazada Thailand, confirmed that the digital economy is booming in Southeast Asia, and is forecast to continue growing – and Vietnam is a rising star even in this group. Google Temasek predicted that the size of the regional e-commerce market by 2025 would reach $153 billion from $39 billion in 2019, while that of online travel would be $79 billion, online media $33 billion, and ride-hailing $41 billion. Of this, Vietnam is emerging as a potential market with CAGR of 49 per cent in its e-commerce market. As Southeast Asia’s leading and fastest-growing e-commerce platform, Lazada is building out an e-commerce infrastructure ecosystem to host the future of commerce. The platform has already built an international-standard logistics system in Vietnam to serve both buyers and … [Read more...] about Building an ecosystem for e-commerce development
Teachers at a kindergarten in Bac Kan Province are calling for financial support to build better facilities for children. Khuoi Khi Nursery School Site When the temperature in the northern mountainous areas dropped to just over 10 degrees, dozens of children at Khuoi Khi school site had to sit tight together to fight the cold as their classrooms have severely deteriorated. Colonel Duong Van Tinh, director of Bac Kan Department of Public Security, said there were many difficult cases in Bac Kan, especially in Pac Nam District where Dao, Tay, H'Mong and Santri ethnic groups live. It takes two hours travelling through the mountain to reach Pac Nam. At some points, the travellers will have to switch from cars to the motorbike because of the road conditions. Dilapidated kitchen The school site consists of a dilapidated kitchen, a toilet and a classroom. The classroom is in much better condition. According to the police, the room was built in a project funded by a foreign … [Read more...] about Khuoi Khi Village children huddle in the cold