E commerce for agricultural products

Its revenues were VND393 billion, most of which came from fruit (VND186 billion) and animal husbandry (VND145 billion). Growth was mainly driven by surging pig prices. "Our target pig price is VND55,000 a kilogram, and we have been selling at VND68,000 for over a month," HAGL Chairman Doan Nguyen Duc said. HAGL seeks to diversify its income in the second half this year ahead of harvesting its first 100 tons of durian while launching new pork products. The agriculture firm reported VND2.26 trillion in revenues and VND657 billion in post-tax profits for the first seven months. On the stock market HAG of HAGL closed Monday at VND12,350 a share, near its four-month high. … [Read more...] about HAGL profits up 25% on rising pig prices

Illustrative image (Photo: Bernama) Kuala Lumpur (VNA) - The Malaysia n Government has agreed to allow the hiring of additional foreign workers for the bird's nest industry, specifically to clean raw swiftlet’s nests, to overcome the labour shortage facing the industry, according to the country's Minister of Agriculture and Food Industries Ronald Kiandee. The minister said the approval was granted after taking into account the industry's potential which has specific market demand. However, the approval depends on the annual production capacity of the companies involved, which must first be registered with the Department of Veterinary Services (DVS), and subject to the regulations in force relating to recruitment of foreign workers , he noted. According to statistics, as of December 31 last year, the bird's nest industry employed a total of 2,213 workers comprising 1,073 locals and 1,140 foreigners. Based on the list of applications received from industry players, this … [Read more...] about Malaysia expands scale of bird’s nest industry

The People’s Committee of Quang Nam Province in central Vietnam asked provincial departments and agencies to study the organization of a national ginseng festival next year with the aim of holding an international ginseng fest in 2024. The office of the provincial People’s Committee made the announcement at the conclusion of a committee early last week. Specifically, Quang Nam’s chairman Le Tri Thanh requested the provincial Department of Culture, Sports, and Tourism to coordinate with the People’s Committee of Nam Tra My District and the Department of Agriculture and Rural Development to assess the benefits of the Ngoc Linh Ginseng Festival. These agencies were also asked to study and make a proposal to the provincial People’s Committee to hold the national ginseng festival next year in an open manner with the participation of localities cultivating ginseng nationwide. Quang Nam organizes the Ngoc Linh Ginseng Festival in Nam Tra My District annually. The event was held for … [Read more...] about Vietnam’s Quang Nam wants to host national ginseng festival next year

Illustrative image (Photo: AFP/VNA) Bangkok - Thailand's National Economic and Social Development Council (NESDC) reckoned that the Thai economy can be affected by three scenarios taking into account the ongoing Russia-Ukraine war and other geopolitical conflicts. NESDC Deputy Secretary General Wichayayuth Boonchit said the first and most probable scenario is that if the Russia-Ukraine war continues but the global oil supply is not affected by sanctions against Russia, Thailand’s economy should expand between 2.5 and 3.5% this year. In the second but less probable scenario, he said the Thai economy will grow less than expected in 2022-2023 if more sanctions are slapped on Russia. This will result in a surge in the global price of oil and other products. The third and worst scenario is that if a conflict is sparked between the US and China. Wichayayuth said this conflict will spark a global economic recession depending on the intensity of this and other geopolitical … [Read more...] about Three scenarios affect Thai economic growth