In the first two months, its exports have expanded by 8%, FDI inflows amounted to US$2.5 billion and retail sales were up by 5.4%, the bank said, noting that while prospects remain favorable for the Vietnamese economy in the medium term, GDP growth will be affected negatively by the recent coronavirus outbreak, now a global pandemic. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7
Farm produce delivery
Mr. Quach Van Ngoan, a farmer in Long Binh Commune in Long My Town in Hau Giang Province, said that his family has 4,000 square meters of rice. He finished harvesting and already sold all his paddy more than 10 days ago for VND5,200 per kilogram as farmers needed money to cover necessary expenses and daily expenses. Farmers in the Mekong Delta have mostly finished harvesting the winter-spring rice crop. Most farmers harvested and sold paddy when the prices were at high levels. Currently, paddy is in warehouses of export enterprises, rice mills, and traders. Enterprises need to export rice in a certain volume. In the past weeks, arguments were raised on social networks and some media on keeping or suspending the export of rice. It is important to consider and calculate the volume and time of export. According to a report by the Vietnam Food Association, by March 27 this year, the total amount of undelivered signed contracts was nearly 1.6 million tons of rice. Of which, the … [Read more...] about Mekong Delta provinces expect good summer-autumn rice crop
Also, even before the outbreak, Indian farmers were struggling. Low crop prices had led to a massive slowdown of rural consumption. "Even in normal times," said Mr Chowdhary, "farming has become unviable." Some 200,000 farmers have committed suicide in India since 1997. Most of the suicides have been linked to poverty, debt, a sharp rise in costs and crop failures due to pest attacks … [Read more...] about Will coronavirus lockdown cause food shortages in India?
Around 4.5GW of solar generation was deployed under the FiT before mid-2019, meeting the 2025 PV targets in 2019. The Government of Vietnam is revisiting its solar targets under the Power Development Plan 8 for 2021-2030 (PDP 8). The current target under discussion for solar generation is 18GW by 2030. The PDP 8 is expected to be finalised and published by early 2020. … [Read more...] about New FIT for solar power to take effect on May 22
It donated VNĐ1.2 billion (US$51,207) in cash to support urgent public needs and those on the frontlines. Of this, it gave VNĐ800 million ($34,158) to the Việt Nam Fatherland Front (VFF) – HCM City and VNĐ200 million to the VFF – Đà Nẵng City while the remaining VNĐ200 million was contributed by its employees and trade unions to the Central Committee of the VFF. … [Read more...] about Latest covid-19 news in Vietnam and Southeast Asia on April 7 (updated hourly)