Mega market an phu

MARKET OF BEAUTY: Đông Ba Market is a large trading centre imbued with the tradition of the ancient capital Huế. Photo from the market's Facebook page Mai Trang Linh Returning to the central province of Thừa Thiên Huế after more than two years of lockdown due to the pandemic, Lưu Hoàng Long and his wife, a Vietnamese Australian, chose first to visit Đông Ba Market, the biggest traditional local shopping centre in the ancient royal city of Huế. The couple and a group of overseas Vietnamese who started their trip through the country early this month from their native home in the northern coastal city of Hải Phòng could not help but be surprised at the changes in the market. Besides the usual crowded and busy atmosphere and familiar hospitality of sellers, the visitors were amazed at the changes, particularly the trade promotion programmes for traditional handicrafts -- one of the most attractions of the market. Looking at the pop-up booths displaying different kinds … [Read more...] about Huế’s Đông Ba Market revamped to lure tourists

They made the commitment at a recent working session with the State Securities Commission (SSC), during which the sides discussed the actual situation, and efforts made to remove bottlenecks in support of the Vietnamese stock market’s status upgrading process. WB and FTSE Russell representatives said they highly appreciate the efforts of local management agencies and market members in upgrading the market from marginal to emerging one. They also proposed some solutions for the improvement of the market toward the upgrade. The upgrade has been included in the country’s strategy for the securities market development and received significant attention from leaders of the Government, the Ministry of Finance and other relevant units, said an SSC representative. FTSE Russell is a leading global provider of benchmarks, analytics, and data solutions with multi-asset capabilities. Its report in April this year showed that Vietnam continues to be on the list of potential stock markets for … [Read more...] about WB, FTSE Russell pledge regular coordination in upgrading Vietnam’s stock market

Many sculptures not only beautify public spaces but also breathe new life into them, bringing distinctive values to the community. Most travelers visit Hanoi for fantastic food. Yet the Hanoi art scene is doing well to compete for attention with the city’s food scene. Hanoi’s public sculpture The statue of King Ly Thai To is located at Ly Thai To Flower Garden in Dinh Tien Hoang Street, Hoan Kiem District, Hanoi. Photo: VISTA According to architect-sculptor Nguyen Truong Giang, after a long time of being ignored, public sculpture in Hanoi has regained public attention with many issues to deal with. Looking back at history, this kind of art appeared in the capital with the arrival of the French. In the old French quarter, many crossroads and central squares were built for displaying sculptures. Typically, there used to be a memorial to French soldiers who died in battle, with the sculpture of a soldier above and the ranks of scholars, farmers, craftsmen, … [Read more...] about Identifying value of creative spaces

At the meeting According to general statistics from the General Department of Vietnam Customs, in the first five months of 2022, approximately 206,110 tons of cashew kernels of all kinds were exported earning over US$1.19 billion in export turnover, down 7.81 percent in volume and 6.81 percent in value. However, the average export price was about $5,792 a ton, up 1.45 percent from the same period last year. Regarding imports in the first five months, enterprises imported about 968,000 tons of raw cashew nuts from abroad with a value of nearly $1.4 billion, down 35.24 percent in volume and down 37.84 percent in value over the same period in 2021. However, prices of imports from Africa increased by 15 percent-20 percent since the beginning of the season. More importantly, importers are tending to be slow to purchase raw materials due to many reasons but the most common is the price difference between imported raw cashew nuts and export kernel prices. The price of raw cashew … [Read more...] about Cashew exports down due to rising oil prices, epidemics, Russia Ukraine conflict

The US, China, and the EU remain the three largest markets for Vietnamese cashew, accounting for 26.8 percent, 17.7 percent, and 20.5 percent of the total export value of the cashew industry of Vietnam, respectively. Cashew nut exports to the US market declined by 10.1 percent in volume and 30.5 percent in value over the same period last year. Cashew nut exports to the EU market surged by 14 percent in volume but dropped by 21.2 percent in value. Cashew nut exports to China jumped by 136.4 percent in volume and 140.2 percent in value. Meanwhile, Vietnamese cashew processing enterprises imported 480,000 tons of raw cashew in April, spending up to $772 million, a sharp increase of 375 percent in volume and 470.5 percent in value compared to that in April last year. In the first four months of this year, Vietnam imported a total of 1.19 million tons of raw cashew, with a value of up to $1.88 billion, up 300 percent in volume and 323.5 percent in value over the same period last year. … [Read more...] about Vietnamese cashew industry sees trade deficit for the first time

The Ministry of Agriculture and Rural Development (MARD) has proposed helping fishermen amid increasing petroleum prices. Many fishing boats in Vietnam are staying ahosre due to high petroleum prices MARD reported that petroleum prices have kept rising since December last year, which left up to 55 percent of fishing boats in Vietnam staying ashore. This has affected the seafood supply for the domestic and export markets. The country has 91,716 fishing vessels that consume an average of about 330 million litres of fuel per month. Diesel 0.05S, the main fuel for fishing vessels, has surged in price by 65 percent compared to late December last year. This means that fuel costs for fishing activities have increased by roughly VND3.77 (USD162.5 million) trillion each month. Fuel costs usually account for 45-60 percent of input costs for fishing vessels, which means an overall increase in operational costs of 35-48 percent. MARD has recommended assistance for … [Read more...] about Support proposed for fishermen struggling with petrol price hike

Delegates cut ribbon to open Hue Festival Trade Fair (Photo: VNA) Thua Thien-Hue (VNA) – A trade fair within the framework of the 2022 Hue Festival opened in the central province of Thua Thien-Hue on June 24 evening, offering a good chance for businesses in the province and other localities nationwide to step up trade promotion and investment cooperation . Vice Chairman of the provincial People's Committee Phan Quy Phuong said that, after 10 editions since 2000, the Hue Festival Trade Fair has gradually affirmed its position and professionalism and improved in terms of quality and the number of participants. It has created a change in the “Vietnamese people prioritise Made-in-Vietnam product” movement and created a push to promote and expand export markets, and increase competitiveness in the international economic integration, added Phuong. This year’s fair comprises over 350 booths of more than 200 enterprises showcasing agro-forestry-aquatic products, … [Read more...] about Hue Festival Trade Fair connects Vietnamese localities

On display are more than 100 photos taken by photojournalists from Vietnam’s leading press agencies, and amateur photographers from Hanoi. Showcased photos give viewers a chance to look back upon the country’s political-diplomatic, socio-economic and cultural events from January to May 2022, including Party General Secretary Nguyen Phu Trong’s addressing the closing ceremony of the 13th National Party Congress, voters at COVID-19 quarantined areas casting their ballots for deputies to the 15th National Assembly and all-level people’s councils. Images of medical forces at COVID-19 hotbeds and Hanoi during social distancing period, bustling atmosphere at stadiums during the 31st Southeast Asian Games – a manifestation of Vietnam’s successful control of COVID-19, and wonderful performance of Vietnamese athletes who brought golds for the Vietnamese sports delegation are also vividly featured via photos. Also, photos displayed at the exhibition diversely and comprehensively reflect … [Read more...] about Press photo exhibition looks back upon national important events

An additional 657 new Covid-19 infections were confirmed on Saturday, raising the national tally to over 10.74 million, according to the Ministry of Health. Illustrative photo According to the ministry's report, most of the new patients are locally-transmitted cases confirmed in 35 out of 63 localities in the country with some localities seeing the highest numbers including Hanoi (169), Bac Ninh (53), Phu Tho (45), Yen Bai (43), and Lao Cai (34). As of Saturday evening, the number of Covid-19 patients in Vietnam has increased to over 10.74 million. On June 25, an additional 5,239 more patients recovered from the disease, raising the number of recoveries in the country to over 9.64 million. On Saturday evening, no deaths related to Covid-19 were announced. Total fatalities stayed at 43,084, accounting for 0.4 per cent of total infections. By June 24, the country had injected more than 229 million doses of Covid-19 vaccines, including over 6.71 million … [Read more...] about Additional 657 Covid-19 infections announced on Saturday

A worker produces anti-counterfeit stamps at Tien Duong Organic Agricultural Cooperative in Hanoi (Photo: VNA) Hanoi (VNS/VNA) — Despite production and market difficulties due to the pandemic and climate change, many districts, firms and organisations in Hanoi 's agricultural sector have remained strong thanks to the application of science and information technology. It has helped them improve their products’ value and meet the technical requirements of import markets. In the past few years, Hanoi’s agriculture sector has implemented many programmes and solutions to support businesses and cooperatives to promote the application of information technology in the production and processing of agricultural products, which have brought many benefits, such as increasing the product value, food safety management and product information transparency. Tran Sy Hung, Director of Nghia Minh Mushroom cooperative in Dan Phuong district, said his cooperative had applied information … [Read more...] about Hanoi applies IT to enhance value of agricultural products