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Market sentiments

/ February 28, 2021

Noodle soup with signature crab meatball in Ben Thanh Market

Located at 4 Phan Boi Chau Street, near the Le Loi - Phan Boi Chau intersection, District 1's Ben Thanh market area, the food stall was well known as the stomping ground of many foreign visitors, overseas Vietnamese and artists prior to the pandemic. Unlike other versions of crab noodle soup, or bun rieu , the dish here consists of a big chunk of fried tofu, congealed duck blood, a slice of tomato and its huge, signature crab meatball instead of the typically lumpy crab meat with small bite-size pieces on top. It would seem the cook aims to preserve all original flavors pertaining to this dish, allowing guests to enjoy the rich and soft tofu, chewy blood jelly and firm, tasty crab meatball and thin rice vermicelli. The dish is served with a plate of special fish sauce, chili, shrimp paste and tamarind dipping and a plate of fresh split morning glory, mung bean sprouts, thin strips of banana blossom, cilantro and basil leaves. A bowl of noodle soup at "Bun Rieu Ganh" in Saigon. Photo by VnExpress/Huynh Nhi. Mai Thi Lien, 60-year-old owner of "Bun Rieu Ganh", has always been loyal to the traditional soup taste for over 40 years with her mother’s recipe. "The noodle soup is well seasoned. To add sourness, we do not use lime or kumquat juice but tamarind instead," Lien said. Even though the price per serving is VND55,000 ($2.4), considered higher than at other stalls in the city, Lien claims she is not thrifty when spending money on ingredients since when it came to good food, it was quality that counted. Besides, inner-city rent further explains the higher price. "In the past, it used to be a street vending business, my customers had to borrow seats from nearby stalls. So seven years ago, I started to rent a fully equipped place with seats and air conditioners and needless to say, the fee is exorbitant," she said. Special crab meatballs in a bun rieu pot at the shop. Photo by VnExpress/Huynh Nhi. Nguyen Nhat Huy from …

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/ February 28, 2021

Cargo throughput at sea ports posts positive growth in January

Lach Huyen port in Hai Phong (Photo: VNA) Hanoi (VNA) - More than 62 million tonnes of goods were handled at Vietnam's sea ports in the first month of 2021, up 17 percent on year despite COVID-19 . Of the total figure, container throughput exceeded 2.2 million TEU, an annual increase of 27 percent. The Cai Mep – Thi Vai port in Ba Ria – Vung Tau province recorded the highest growth in cargo throughput , at 29 percent, followed by the Hai Phong and Ho Chi Minh City ports, at 26 and 27 percent, respectively. According to a representative from the Vietnam Logistics Business Association, the volume of goods shipped by sea was affected by not only the pandemic, but also the shortage of ship space and empty containers, and a slowdown in the Vietnamese export market and the global supply chains./. VNA …

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/ February 27, 2021

Fresh dawn kindles for US-Vietnam relationship

Projects such as Bunge’s agribusiness are expected to increase in number through stronger US ties. Photo: Le Toan In his first few days in office five years ago, President Donald Trump withdrew from the Trans-Pacific Partnership, which was a pillar of the Barack Obama administration’s pivot towards Asia. The remaining 11 member states have since reframed the agreement as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and President Joe Biden’s commitment to rebuilding relations with allies has sparked speculation about the US returning to the fold. Fitch Solutions under global ratings firm Fitch Group told VIR in a statement that Vietnamese trade would receive a surefire boost should new Biden decide to rejoin the CPTPP. “Biden stated in 2019 that the US should renegotiate parts of the CPTPP and re-assemble a coalition to counterbalance China’s perceived expansionist policies. The Trump administration withdrew from the original deal in 2017 under the pretext that it would harm US workers. A scenario where the US rejoins the CPTPP would deliver substantial tailwinds to Vietnamese exports to the US from lower tariffs in major export categories,” Fitch said. In fact, the CPTPP may offer great windfalls to the US. Statistics from law firm Duane Morris Vietnam LLC showed that the population of the CPTPP countries exceeded 513 million people as of October 2020. The CPTPP countries account for nearly 45 per cent of US total exports and 37.6 per cent of US general imports in 2014. By cutting over 18,000 taxes in regards to CPTPP, there would be a great benefit for American importers and exporters by enabling them to enter new markets. As the United States International Trade Commission estimates, the US exports of goods and services to the world would expand by $27.2 billion by 2032 thanks to the CPTPP, while US imports would expand by $48.9 billion. Oliver Massmann, general director of Duane Morris Vietnam LLC, pointed out …

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