The government has also asked exporters to seek its permission for any overseas shipments between June 1 and Oct. 31, the order said. India is the world's biggest sugar producer and the second biggest exporter behind Brazil. Reuters in March reported that India was planning to curb sugar exports to keep a lid on local prices and ensure steady supplies in the domestic market. Benchmark white sugar prices in London jumped more than 1 percent after India's decision. "The government is worried about food inflation, and that's why it is trying to ensure that enough sugar remains in the country to cater to the festival season," said a Mumbai-based dealer with a global trading firm. Exporters also said the decision to allow mills to export 10 million tonnes would help India sell a reasonably big quantity of sugar on the world market. Initially, India planned to cap sugar exports at 8 million tonnes, but the government later decided to allow mills to sell some more sugar on … [Read more...] about India restricts sugar exports at 10 million tonnes
Millions of pounds of scottish seafood is stuck in the
Work begins on 40-million USD thin film project in Binh Dinh province
At the event. (Photo: baophapluat.vn) Binh Dinh (VNA) - Kurz International Holdings GMBH from Germany held a groundbreaking ceremony to build a thin film factory at the Becamex Vietnam-Singapore Industrial Park (VSIP) in the south central province of Binh Dinh on May 24. factory in Binh Dinh province will help strengthen the influence of KURZ Group in Asia, creating conditions for the group to actively participate in the growing market in Southeast Asia, as well as meeting market needs worldwide with high quality products. Binh Dinh with a total investment of more than 13 million USD. investor s, he said./. VNA … [Read more...] about Work begins on 40-million USD thin film project in Binh Dinh province
Market ends bullish on strong buying forces
Workers processing seafood at a Vĩnh Hoàn factory. VHC was among stocks lifting indices yesterday. Photo seafood.vasep.com.vn HÀ NỘI — The market ended bullish on Tuesday as strong buying forces brought an upswing on blue chips, lifting indices. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index started off the afternoon session with an inverse head and shoulders pattern but later broke the neckline to reach 1,233.38 points, up 14.57 points, or 1.2 per cent. The market’s breadth was positive with advancers outnumbering decliners by 223 to 211. Notably, three stocks hit floor prices whereas six hit ceiling prices. The market’s liquidity was low with only 479 million shares traded on the southern bourse, equivalent to VNĐ12 trillion (US$520 million). The 30 biggest stock tracker VN30-Index rose by 17.36 points, or 1.38 per cent, to end at 1,272.71 points. In the basket, 26 stocks climbed while four slid. Masan Group (MSN) continued to … [Read more...] about Market ends bullish on strong buying forces
VN-Index revives 15 points
Unlike previous trading sessions, the demand for pillar stocks remained until the end of the trading session, instead of being sold off at G hour. The VN-Index rallied robustly by 14.57 points, or 1.2 percent, to close at 1,223.38 points. Although the VN-Index regained strongly, the number of winners and losers was quite balanced, with 224 advancers compared to 210 decliners. However, the number of gainers completely dominated the VN30 basket, with 26 gainers compared to four losers, namely HPG, KDH, PLX, and SAB. The driving force for the VN-Index continued to come from MSN, with an increase of 4.3 percent. The steadiness of MSN was the motivation for the rest of the stocks in the VN30 basket, such as GAS, VNM, FPT, VRE, VCB, TPB, STB, SSI, PNJ, and CTG. The bright spot in the trading session also included banking and securities stocks. After the previous series of corrections, this stock group simultaneously recovered thanks to the appearance of the bottom-fishing cash flow. … [Read more...] about VN-Index revives 15 points
CAAV proposes delay in construction of runway, taxiway at Con Dao Airport
Con Dao Airport According to the plan, the project will upgrade a runway and taxiway, air traffic management and control works, apron, fuel storage facilities, passenger terminal and auxiliary works. Currently, runway and taxiway upgrade has been implemented on schedule. However, there are no detailed plan for the remaining items of the upgrading project. The CAAV has proposed the Ministry of Transport work with the Commission for the Management of State Capital at Enterprises (CMCS) to approve the investment project as soon as possible, including items such as the passenger terminal, apron and technology infrastructures at the airport. After being upgraded to serve both military and civil purposes, Con Dao Airport will have a capacity of two million passengers and 4,400 tons of cargo per year, and eight parking places. By Minh Anh – Translated by Kim Khanh … [Read more...] about CAAV proposes delay in construction of runway, taxiway at Con Dao Airport
New bridge offers safe travel for thousands in poor Thanh Hoa commune
Thousands of residents in a poor commune in the northern central province of Thanh Hoa are calling for funding for a safer bridge. Suoi Khanh Bridge has deteriorated The remote mountainous commune of Co Lung in Ba Thuoc District home to a Thai ethnic group is located some 130 kilometres from Thanh Hoa City. Due to difficult terrain, travel has always been one of the biggest challenges for local people. Suoi Khanh Bridge lies on one of the most important routes in Co Lung Commune. The bridge that serves over 2,000 residents in four villages has now seriously deteriorated. According to the chairman of the Co Lung Commune People's Committee, Truong Van Thanh, the Suoi Khanh Bridge was built from wood in 1994. The 25-metre wooden bridge has deteriorated over time," the official said. "We’ve had to repair it many times, especially after flooding seasons, which meant hundreds of children could not travel to school while adults could not go to work." … [Read more...] about New bridge offers safe travel for thousands in poor Thanh Hoa commune
Iconic Iran river threatened by droughts, diversions
The famed river bridges of the Iranian city of Isfahan are a beloved tourist draw -- but much of the time their stone arches span just sand and rocks, not water. Women pose for a selfie along the bank of the Zayandeh Rood in Iran's central city of Isfahan on May 15, 2022 Drought and upstream water diversions have seen the Zayandeh Rood, "fertile river" in Persian, run dry since 2000, with only rare exceptions. Sitting on a quay with two friends, 60-year-old Jalal Mirahmadi gazed with melancholy at the riverbed, which became the site of a farmers' protest late last year. "When I was a child, the water flowed under the arches of the bridge and sometimes overflowed to spill into the surrounding streets," he sighed. The river runs nearly 400 kilometres (250 miles) from the Zagros Mountains in the west to Lake Gavkhouni in the east, making it the longest waterway in central Iran. On its way through Isfahan, it meanders under several beautifully crafted … [Read more...] about Iconic Iran river threatened by droughts, diversions
Quang Ninh farms turn to tech to grow agriculture sector
Quang Ninh agricultural products are on sale at website dongtrieumart.vn (Photo: baoquangninh.com.vn) Quang Ninh (VNA) – The northern province of Quang Ninh is taking steps to boost high-tech agriculture to cut production costs, increase volumes, and cultivate high-quality farm produce. To realise this goal, farmers are focusing on speeding up the digital transformation, considering it a strategic solution to enhancing the production, quality and competitiveness of agricultural products in domestic and international markets. Dam Ha trade and construction company in Dam Ha district has invested more than 15 billion VND (647,250 USD) to building hydroponic greenhouse vegetable and melon farms, betting on high-tech hydro-growing operations to promote clean agriculture, cut workloads, and standardise quality. Director Nguyen Huu Nhuong said that thanks the newly installed hydroponic systems, the company has enjoyed a production bump of nearly 100 tonnes of melon per year … [Read more...] about Quang Ninh farms turn to tech to grow agriculture sector
HCM City plans major transport infrastructure projects
HCM City had laid out plans for eight major transport infrastructure projects from now to 2025. The list includes the HCM City-Moc Bai Expressway project with an investment of VND16 trillion (USD689.65 million) and VND9.98 trillion Can Gio Bridge. HCM City plans major transport infrastructure projects (photo by VOV) Other projects comprise a VND6.2 trillion inland container depot, the VND5.3 trillion Thu Thiem Bridge 4, the VND1.33 trillion HCM City-Chon Thanh Highway, a VND1.76 trillion road to link Vo Van Kiet Highway to HCM City-Trung Luong Highway. However, funds for the Belt Road 4 project has not yet been disclosed. The Department of Transport has been asked to conduct feasibility studies on all the projects. … [Read more...] about HCM City plans major transport infrastructure projects
Vietnam reports additional 1,323 Covid-19 infections on Tuesday
An additional 1,323 new Covid-19 infections were confirmed on Tuesday, raising the national tally to over 10.71 million, according to the Ministry of Health. According to the ministry's report, most of the new patients are locally-transmitted cases confirmed in 33 out of 63 localities in the country with some localities seeing the highest numbers including Hanoi (321), Vinh Phuc (98), Phu Tho (94), Yen Bai (58), and Quang Ninh (52). As of Tuesday evening, the number of Covid-19 patients in Vietnam has increased to over 10.71 million. The country now stands 12th among 227 countries and territories worldwide in the number of infections. On May 24, an additional 6,495 more patients recovered from the disease, raising the number of recoveries in the country to over 9.41 million. On Tuesday evening, no deaths related to Covid-19 were announced, total fatalities stood at 43,076. By May 23, the country had injected more than 219 million doses of Covid-19 vaccines, including over … [Read more...] about Vietnam reports additional 1,323 Covid-19 infections on Tuesday