Power plant accident

Mangos are packaged to prepare for export (Photo: VNA) Hanoi (VNA) – Meeting tougher technical standards in production and preservation is the key to helping Vietnam’s agricultural products, including fruits, actively raise their export volume and value, an official has said. Nguyen Quoc Toan, Acting Director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development, made the remark at a workshop in Hanoi on June 19 that focused on the Republic of Korea (RoK)’s management system of the plant protection product  (PPP) residue list for imported agricultural products. He said although agricultural products of Vietnam boast huge export potential, only when they meet strict production and preservation standards can the possibility of being exported directly to such markets as the RoK, Japan, Taiwan (China) and Europe be improved. Le An Hai, Deputy Director of the Department for Asian – African Markets of … [Read more...] about Firms updated about RoK’s new rules on agricultural imports

London stocks and the British pound jumped Friday after an election triumph for Conservative Prime Minister Boris Johnson that analysts said will bring clarity to Brexit proceedings and unlock stronger economic growth. Other European stock markets -- although lagging buoyant London, which rose over two percent at one point -- also powered ahead, supported by confirmation of a partial trade deal between the United States and China. However, Wall Street's rally petered out, with American equities finishing little changed on the day both Beijing and Washington finally said they were on the same page. Stocks had rallied Thursday in anticipation of the trade deal with China, but then declined when the pact was announced. "You got a pretty good example of 'buy the rumors and sell the news,'" Art Hogan of National Holdings told AFP, referencing the saying indicating equities rise more in anticipation of an event than after the event itself. "But it's certainly great news on Brexit … [Read more...] about European stocks surge on Johnson election triumph, US trade deal

Foreign retailers, from Metro, Auchan, Casino Group to Parkson, have had to leave Vietnam because they did not understand the market well. Nguyen Anh Duc, deputy general director of Saigon Co-op, said he once criticized Co-opmart SCA Hanoi, a branch of Saigon Co-op, because the supermarket displayed old bananas for sale on inauguration day. Foreign retailers, from Metro, Auchan, Casino Group to Parkson, have had to leave Vietnam because they did not understand the market well. Localization means gathering the tastes and shopping needs of local consumers to build up a list of products for supply that can satisfy needs. Personalization is understanding shopping culture and demands for experience during the shopping process in order to offer new creative shopping models to attract customers. Nearly 2,600 supermarkets and sale points in 50 provinces/cities throughout the country and the data about 8 million customers are the important factors for VinCommerce to build a strategy. … [Read more...] about The costly competition in the retail industry

  Illustration by Trịnh Lập   By Nguyễn Mỹ Hà   The dreams of millions of Vietnamese people came true on Tuesday night. They had been dreaming for 30 years, or was it 60 as some said? Now it doesn’t matter, as the dreams are reality. The Việt Nam men’s U22 football team won a gold medal at the 30th Southeast Asian Games in the Philippines by defeating Indonesia 3-0 in the final. A popular saying goes ‘phúc bất trùng lai’, which means happiness does not repeat itself, but the men’s victory came just days after the women’s team won their own gold medal at the Games. Double happiness, truly, because despite the fact the women’s football team had won for the sixth time, it was the men’s first triumph. “Though this is the sixth time,” said women’s coach Mai Đức Chung, “I still feel very touched.” Sheer joy and happiness brightened … [Read more...] about Let the Vietnamese spirit soar

Thailand’s economy posted the strongest growth in five years in 2017. (Photo: The Straits Times) Bangkok (VNA) – Thailand’s economy posted the strongest growth in five years in 2017 and is expected to maintain the outlook this year, driven robust exports and tourism. Thailand’s gross domestic product (GDP) grew an inflation-adjusted 3.9 percent in 2017, up from 3.3 percent from the previous year, marking its fastest expansion since 2012, according to the National Economic and Social Development Board (NESDB). The economy looks set to grow faster this year with GDP forecast to expand by 3.6-4.6 percent. A steady recovery in exports and large government infrastructure projects, including the expansions of ports and roads as part of a 45 billion project for a new special economic zone on the east coast of the country, are expected to support growth in 2018. In addition, private investment, which grew by a just 1.7 percent in 2017, will rise at a faster … [Read more...] about Thai economy grows at fastest pace in five years