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According to Vu Xuan Dang, Deputy Director of the Southern Investment Promotion Center of the Ministry of Planning and Investment’s Foreign Investment Agency, many localities lack large land funds for agricultural production, while some with large land funds give priority to industrial parks. To boost investment, infrastructure needs to be improved and the local labor force must be upskilled for work in high-technology agricultural enterprises. The connectivity between farmer households and FDI enterprises also requires upgrading. … [Read more...] about Needed: A proper strategy to attract FDI in agriculture

Unlike northerners who cook square-shaped Banh Chung, southerners prefer cylindrical Banh Tet during the traditional Tet holiday. Both cakes are made of glutinous rice, green bean paste and pork, and they are wrapped in La Dong (Dong leaves). The leaves can be found at the La Dong market that is located at the Cach Mang Thang Tam-Pham Van Hai intersection. The market, the biggest of its kind in HCM City, often opens from the 15th day of the 12th lunar month and lasts several days before the start of Tet. A bunch typically contains 10 leaves costing between VND70,000 and VND80,000. Flowers are among indispensable items during the Tet holiday, and the Binh Dong flower market in District 8 is an ideal place to visit. Coming here, visitors can see boats full of flowers and ornamental trees sourced from gardens throughout the Mekong Delta region. From the 20th day of the 12th lunar month, gardeners gather at the market in order to prepare for the Lunar New Year festival. … [Read more...] about Unique lunar New Year markets in Ho Chi Minh City

Traditional artists will perform at the Nhạc Hội Đờn Ca Tài Tử Nam Bộ (South Folk Music Festival) in front of the city’s Opera House on Đồng Khởi Street, District 1, on January 30. The event is among many cultural activities organised by the city’s Department of Culture, Sports and Tourism and its partners to celebrate Tết. (Photo courtesy of the organiser) … [Read more...] about HCM City offers cultural activities for Tết

Impressive development achievements Starting the innovation process with the determination to integrate internationally 35 years ago, Vietnam was still a country with backward and closed production. It had consistently implemented reforms, transforming from a centrally planned, subsidized economy to a multi-sectoral commodity economy, which operates under the market mechanism and the State's management and towards socialism. From 1986 to 2000, on average, the gross domestic product (GDP) grew by 6.51 percent annually. The agriculture, forestry, and fishery sector edged up 3.72 percent; the industry and construction sector rose 9.06 percent; the service sector climbed 6.66 percent. The economic structure had gradually shifted towards promoting industrialization and modernization. The agricultural sector had absolutely solved the food problem, ensuring national food security, changing Vietnam from a country with a lack of food to become the second-largest rice exporter in the world. … [Read more...] about Bright economic appearance after 35 years of innovation

The domestic credit chip cards are expected to be officially launched this week. The seven banks include Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Ban Viet Joint Stock Commercial Bank (VCCB), Asia Commercial Bank (ACB), HCM City Housing Development Commercial Joint Stock Bank (HDB), Bao Viet Bank (BVB), Sai Gon Thuong Tin (Sacombank) and Viet Nam Thuong Tin (Vietbank). … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 25