Phung duc tien

He attributed the obstacles to global fluctuations over armed conflicts, climate change, tightening food safety requirements by importing countries, and high inflation in the US. Data from the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) showed the total brackish water shrimp farming area was 747,000 hectares last year, with total output exceeding 1 million tons, up 8.5% year-on-year. Currently, the country houses 2,294 hectares of shrimp breeding area, which turned out 159.5 billion shrimplets in 2022, an annual increase of 10%. This year, Vietnam aims to expand its shrimp farming area to 750,000 hectares for more than 1 million tonnes in output and 4.3 billion USD in export revenue. Trinh Trung Phi, a technical director at the Vietnamese shrimp company Viet Uc, highlighted the importance of sustainable technological solutions in the growth of the sector. MARD Deputy Minister Phung Duc Tien said that in order to reach the … [Read more...] about Significant efforts needed to realize 4.3-billion-USD shrimp exports

HCM City (VNA) – The Transport Department of Ho Chi Minh City has proposed building two more bridges to enhance transport connectivity between the southern economic hub and its neighbour Dong Nai province. The bridges include Phu My 2 that links the southern part of HCM City with Dong Nai’s Nhon Trach district; and Dong Nai 2, connecting Thu Duc city in HCM City with Long Thanh district in Dong Nai. According to the Road Network Development Plan for 2021-2030, with a vision to 2050, there will be five bridges across a 40-kilometer river section between the two localities, namely Dong Nai, Long Thanh, Nhon Trach, Cat Lai and Phuoc Khanh, across a 40-kilometer section of the river. Of them, only two bridges, Dong Nai and Long Thanh, have been opened to traffic while Nhon Trach and Phuoc Khanh will not be completed until 2025 and work on Cat Lai bridge remains unknown given differences over where the bridge should be located. Therefore, Dong Nai and Long Thanh bridges now … [Read more...] about Two more bridges connecting HCM City and Dong Nai proposed

As home to nearly 300 national treasures, Hanoi has a valuable source of ritual and cultural traits that tell its history of thousands of years. The United Nations Educational, Scientific and Cultural Organization (UNESCO) sees the partnership with Hanoi in heritage preservation as one of its key activities in the future, said Director of the UNESCO’s World Heritage Center Lazare Eloundou on March 27. Hanoi mayor Tran Sy Thanh (right) receives Lazare Eloundou, Director of UNESCO’s World Heritage Center, on March 27. Photo: The Hanoi Times The UNESCO expects to bolster the relationship with Vietnam’s capital city in preserving cultural traits and heritages, he told a meeting with Hanoi mayor Tran Sy Thanh. Lazare urged the municipal and local authorities of Hanoi to come up with solutions that bring balance between heritage preservation and socio-economic growth and lift the living conditions for local people. UNESCO will always partner with Vietnam to … [Read more...] about UNESCO promises tight partnership with Hanoi in heritage and relic conservation

It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment

Tran Van Thu, a local in Chau Thanh District’s Tien Long Commune, measured the salinity level in the Ba Lai and Ham Luong rivers last week. Both are tributaries of the Tien River, a branch of the Mekong River in Vietnam, which runs through Ben Tre and feeds much of the delta province’s fruit, vegetable and rice crops. Tran Van Thu holds a tool that read the salinity level in a river in Chau Thanh District, Ben Tre Province at 0.34 ppt, March 2023. Photo by VnExpress/Hoang Nam According to Thu, each of the two rivers that surround his 6,000-square-meter durian farm carried salinity levels of 0.34 (ppt). This was devastating news as his durians need fresh water with salinity levels of less than 0.2 ppt. "Every day, the river water only stays within the safe levels for about an hour, so I have to take every chance I can get [to get fresh water to the farm]." Thu’s family used to cultivate rambutan for a living, but after losing the entire farm to drought and salt … [Read more...] about Drought killing Mekong Delta durian with salt

Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism

Proposals relating to cooperation and encouraging foreign investors to join Vietnam’s innovation journey were addressed at some forums, including one at VIR’s headquarters and the annual Vietnam Business Forum (VBF) organised in Hanoi over a week back. Working groups of the Vietnam Business Forum touched on a variety of topics and recommendations for greater progress Photo: Dung Minh One particular area of discussion focused on the digital economy and tech such as blockchain. Do Tien Thinh, deputy director of the Vietnam National Innovation Centre (NIC) said at VIR’s forum on digital transformation on March 21 that the NIC is working with many big foreign technology groups to connect them with domestic enterprises to implement training courses and technical supporting programmes. Thinh said Google has implemented digital skill training courses for businesses, especially startups. In mid-2022, Google launched a certification initiative and Startup Academy Vietnam, … [Read more...] about High-tech talent pool to aid transformation

Illustrative image (Photo source: vneconomy.vn) Hanoi - Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc. The global minimum corporate income tax is part of the Action Plan on Base Erosion and Profit Shifting (BEPS), which involves the participation of 141 member countries. Accordingly, large companies with annual global consolidated revenue of at least 750 million EUR (806 million USD) over at least 2 years of the preceding 4-year period will be subject to a minimum tax rate of 15 per cent. If they are currently paying a tax rate lower than 15 per cent in the country where they are investing, they will have to pay the remaining "shortfall" at a tax rate of 15 per cent to the country where they have their headquarters. According to economists, investment exporting countries’ application of the global … [Read more...] about Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

Several e-commerce platforms in Vietnam reported a decrease in the value of sales despite having launched many promotions. Consumers on e-commerce platforms used to prefer high-end, luxury items. The trend has changed, however, as buyers now focus on healthcare products, sportswear, and fitness products. The reason for this change is the impact of economic difficulties and inflation, many vendors on e-commerce platforms believed. They added that buyers now tend to seek healthcare products with reasonable prices and prefer direct discounts. Hung, whose online store specializes in selling phone accessories and electronic goods, said that the revenue of this group of products decreased by nearly 40 percent compared to the same period last year. Online shoppers only focus on beauty or healthcare products and tend to cut unnecessary spending, Hung added. Lazada’s report on February 3 showed that consumers want to receive more value from the products they buy, aside from … [Read more...] about E-commerce in Vietnam faces decreasing purchasing power

Noting that Binh Thuan is referred to as a "transportation hub" that connects the North central and central coastal regions with the southern key economic region, Chairman Vuong Dinh Hue said with existing potential and advantages as well as socio-economic achievements in recent years, Binh Thuan will have all the important conditions to make a strong breakthrough when the eastern section of the north-south expressway is open to traffic and Phan Thiet airport is put into operation. He asked the province to promptly submit its master plan for the 2021-2030 period with a vision to 2050, stressing that it needs to identify new growth drivers and production capability in the development process as well as try harder to draw investment in industrial parks. Further attention should be paid to cultural-sport-tourism activities, health care, education, social welfare and sustainable poverty reduction, he said. In the morning the same day, Chairman Vuong Dinh Hue offered incense and paid … [Read more...] about N.A. Chairman holds working session with Binh Thuan leaders