Production value meaning

Visitors check information on products at the fair (Photo: VNA)   Hanoi (VNA) - As many as 76 specialties from the northern mountainous province of Lao Cai are being displayed at the Lao Cai agricultural and OCOP products exhibition which began on December 6 at the Big C Thang Long supermarket in Hanoi. The three-day event is part of efforts made by the province and Big C, Central Group Vietnam, to introduce safe and high-quality products from other regions to the capital city’s citizens, as well as helping promote “One Community One Product” (OCOP) programme and grow local businesses and farmers. On display are 45 OCOP products certified with three to five stars such as Seng Cu rice, Tham Duong glutinous rice, sausages, dried pork, smoked buffalo meat, cabbages, chayote, kohlrabi, mushrooms, Muong Khuong chili sauce, dried bamboo shoots, medicinal herbs, tea, wine, vermicelli and smoke salmon. According to Nguyen Xuan Nhan, Deputy Director of the … [Read more...] about Capital gets to taste Lao Cai province’s local specialties

Thai Prime Minister Prayut Chan-o-cha In his speech delivered at the CLMVT forum in Bangkok on June 24, the PM said despite the CLMVT region becoming a main player in the global value chain, the region faces threats from rapid technological development and geopolitics. These new technologies will render the existing production network, he said. According to Prayut, contract manufacturing and production will slowly decline as new production networks in different regions, which embrace the modern value chain, take their place. In terms of geopolitical threats, countries in the region must have effective risk management in place to cope with the changes in the global market, he added. The sectors most vulnerable to disruption are agribusinesses, textiles, automobile, and electronics, all traditional strengths of the CLMVT region, he said, adding the service industry within the CLMVT region will also be affected by these trends. He urged the governments to work together to support … [Read more...] about Thailand calls for regional countries’ modernization to increase competitiveness

Bat Trang village’s ceramic products Vietnam has some 5,400 craft villages, spanning many different crafts, such as lacquer, ceramics, gold, silver, embroidery, bamboo, rattan, weaving, paper, folk paintings, wood, and stone. Their handicraft products are diverse in design and quality. Van Phuc silk, Bat Trang pottery, and Dong Xam silver carving have been recognized as national brands. Dam Tien Thang, Deputy Director of the Hanoi Department of Industry and Trade, said that despite their economic value, the potential of traditional craft villages hasn’t been fully tapped. He said “Hanoi craft villages’ annual production is estimated to be nearly 1 billion USD and annual export turnover is approximately 200 million USD a year. So far this year Hanoi has earned about 160 million USD.” No agency or organization is responsible for buying all the products made by traditional craft villages. The villages’ brand registration and product designs … [Read more...] about Vietnam’s traditional crafts promoted as national image

At a press conference on April 5, the MoF reported that total state budget revenue reached VND 381 trillion (over USD 16.4 billion) during the last three months, equivalent to 27 percent of the targeted figure for this year – higher than the 23 percent of annual targeted revenue achieved during the same period last year. That sum included VND 315.4 trillion gained from domestic sources, up 13.8 percent year-on-year, the ministry said, adding that 49 of the 63 provinces and centrally-run cities had revenues from domestic sources equivalent to over 24 percent of their estimates for this year. Fifty-four localities reported year-on-year increases in their Q1 revenues. Photo: baohoabinh.com.vn. Meanwhile, the state budget spending during the period surpassed VND 315 trillion, equivalent to 19.3 percent of this year’s spending estimate. The MoF said spending tasks have been performed in line with the set plans, ensuring social security. As the spending demand … [Read more...] about State budget surplus recorded in Q1: Finance Ministry

Shin Dong Min, CEO of Shinhan Bank in Viet Nam, and Dang Tuyet Dung, Visa Country Manager for Viet Nam and Laos, at the awards ceremony. — Photo courtesy of Shinhan Bank Shinhan Bank Vietnam has won three awards from Visa International. At the 2019 Visa Vietnam Client Forum held late last month in Phu Quoc it was honoured for “Leadership in Payment Volume Growth 2019”, “Leadership in Commercial Payment Volume 2019” and “Leadership in Debit Activation 2019”. It capped a successful year for the Korean-owned bank’s card services, which saw remarkable growth in terms of both card payment volumes and revenues. Speaking at the awards ceremony, Shin Dong Min, the bank’s CEO, said: “Market leader awards presented by Visa recognise Shinhan Bank's outstanding efforts in creating practical value for users through the card platforms provided by Visa. “Shinhan Bank's efforts to enhance card payments also contribute to the … [Read more...] about Shinhan Bank wins 3 Visa awards