A shrimp farming area which uses Israeli technology in Dam Ha District. — Photo baodautu.vn The People’s Committee of northern Quang Ninh Province has approved the establishment of a hi-tech farming zone, expected to cost VND829 billion (US$36 million), in Dam Ha District. Covering nearly 170ha, the zone will be used for researching and fostering the application of technology in the seafood industry with a focus on shrimp development in the province and others in the north. It will be also in charge of providing fish breeds, developing technologies used for fisheries farming and support industries besides focusing on personnel training for the seafood industry, the online newspaper said. Of the zone’s total investment, VND159 billion will come from the provincial budget while the remainder will be contributed by the Binh Thuan Province-based Viet-Uc Seafood Corp – the zone’s developer and strategic investor. The company will be eligible to manage more … [Read more...] about Quang Ninh approves $36m hi-tech farming zone
Mooney dam county park
Vegetarian food has become popular in Vietnam in recent years (Source: internet) HCM City (VNA) – The vegetarian food segment has been attracting a great deal of attention from businesses in recent years and gradually satisfied the tastes of customers. According to Nguyen Thi Ai Trinh, CEO of Au Lac Vegetarian Food, previously people often thought of the religious perspective when talking about vegetarian food. Hence, the vegetarian food market was limited. However, in recent years, this market has expanded and developed strongly, she said, boasting that her company has built 80 vegetarian food stores and run 11 restaurants across the country. To meet the increasing demand of customers, local businesses have improved quality and design of products to expand the vegetarian food market in densely populated areas. Besides vegetarian instant noodles, domestic firms also sell various kinds of vegetarian spices made from mushrooms. On the occasion of the Buddhist Vu Lan … [Read more...] about Vietnamese firms tap vegetarian food market
Those who ignore or collude with each other to shatter urban development planning not only make the lives of urban people increasingly confined and suffocated, but also jam development space for the future. Hanoi and HCM City residents feel this most clearly. In the morning, when leaving home to go to the office and school, and in the afternoon, when returning home, they have to struggle on the road with the flow of people and exhaust from cars and motorbikes. In the summer sun, people are subjected to the scorching heat because of the asphalt effect, concrete houses, and the heat from air conditioners and engines. When it rains, people have to struggle because the roads turn into rivers and streams. Most of the elderly do not have places for relaxation, while children have no place to play. When people feel tired, they need cool spaces to walk and rest in, but it is just a far-away dream. The problem is difficult to settle, so people as well as the next generations will suffer. What … [Read more...] about Who spoils Hanoi’s planning?
The Great Divine Temple of Caodaism, one of the destinations in Tay Ninh province. (Photo: VNA) Hanoi (VNA) - Unique performing arts of ethnic minority people in the southwestern province of Tay Ninh started the Tay Ninh Day in Hanoi. The opening ceremony took place on September 27 at Ly Thai To flower garden near Hoan Kiem Lake. The performance highlighted various intangible cultural heritages of the province such as ‘don ca tai tu’ (Southern instrumental music and singing), Chhay-dam drum dance and Cham dance. With the theme Beauty of Tay Ninh, the three-day festival helps promote Tay Ninh’s unique culture, trade and tourism potential, as well as attracting investment to the province. The event is co-organised by the People Committees of Hanoi and Tay Ninh, and the national flag carrier Vietnam Airlines as part of activities to celebrate the 65th anniversary of the capital’s Liberation Day (October 10). A photo exhibition on provincial socio-economic and … [Read more...] about Tay Ninh province promotes culture, trade, tourism in Hanoi
Companies issue $7.7b worth of bonds in nine months The nine-month value is equal to nearly 80 per cent of the total bond issuance value in 2018. The figure is also lower than the total registered value of nearly VND276.9 trillion (nearly $12 billion), which means nearly VND98 trillion bonds were unsold. In September, 28 companies made 60 issuances with total capital raised of VND19.4 trillion (excluding international bond issues). Most bonds were three-year term with total value of VND13.5 trillion. Interest rates of bonds issued in September ranged between 6 per cent and 11 per cent per annum. Banks were the main player in the bond market with total issuance value of VND14.1 trillion in September, accounting for 72.78 per cent of total market value. Real estate companies followed with VND965 billion (4.97 per cent) and securities firm with VND413 billion (2.13 per cent). Bonds issued by banks also had the lowest interest rate, averaging only 6.71 per cent per year. Some companies … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 18