Protesting government contracts

Tra fish exports to Russia slump Export revenue of tra fish to the Russian market in the first 10 months of this year fell 31 percent compared to last year to 12.5 million USD, reported the Vietnam Association of Seafood Exporters and Producers (VASEP). According to the association, the sharp drop followed last year’s declining trend, and was likely to continue for the rest of 2019. VASEP said that in the last two years, Russia’s tra fish consumption has been modest, with unstable import prices. Meanwhile, the European country’s imports of frozen tra fish fillets have increased slightly by 3 percent, but that of frozen whole fish have fallen 29 percent./. Conference on boosting exports to China They were speaking at a recent conference on agricultural, forestry and seafood exports to China in Mong Cai City in the northern province of Quang Ninh. The conference was organised by the Ministry of Agriculture and Rural Development in collaboration with the People's … [Read more...] about BUSINESS NEWS HEADLINES DECEMBER 6

Imports of Basic & Industrial Raw Materials, Chemicals & Products and Temperature or Climate Controlled Goods remain positiveRise in exports of Machinery Parts coincides with growing focus on smart manufacturing and high-quality developmentSHANGHAI, CHINA - Media OutReach - 6 December 2019 - The DHL Global Trade Barometer (GTB) indicates a further contraction in world trade for the next three months, with China recording the weakest growth outlook compared to all surveyed GTB countries. China's ocean and air imports in certain sectors[1] look set to remain strong as domestic consumption drives the economy amidst an overall decline in trade growth, according to data from the DHL Global Trade Barometer released by DHL, the world's leading logistics company.The DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence and Big Data, revealed that China's trade index now stands at 42 points and therefore … [Read more...] about Imports sustain China’s trade despite overall slowdown in growth

  The Empire Group could not pay annuity for its CocoBay condotel buyers since next year. Photo vneconomy.vn HÀ NỘI – Đà Nẵng authorities need to carefully review the offer to convert the Cocobay Đà Nẵng condotel project into apartments as it could harm the city’s economic development plan, experts have said. The project developer, Thành Đô Investment Development and Construction JSC (Empire Group), had guaranteed to pay 12 per cent profit on the value of investors' condotel purchases from January 1, 2020, but has since announced it cannot fulfil this commitment due to financial woes. Condotels are often sold to investors and then leased back to the developer or an operating firm to manage rentals to holidaymakers, which is where the 12 per cent profit was supposed to come from. A lack of regulations on condotel development and ownership has also harmed the project. The … [Read more...] about Tough decisions for Da Nang over Cocobay project

  A bird's eye view of the newly-built Đuống River water plant. — VNA/VNS File Photo HÀ NỘI — Hà Nội’s top leader has criticised the city's finance director for making a “fundamentally wrong” statement about an unusually high tap water price which sparked a protest from residents last month. The city People’s Committee chairman Nguyễn Đức Chung told a hearing of the municipal People’s Council on Wednesday that tap water issue was a matter many Hanoians cared greatly about. “I asked the Hà Nội finance department director at a work meeting of the city government on November 29 to seriously look back at and learn from his fundamentally wrong statement that cause misunderstanding among the citizens,” he said. Chung was referring to an announcement by finance department director Nguyễn Việt Hà claiming that 20 per cent of the price of … [Read more...] about Finance official ‘fundamentally wrong’ about water price: Hà Nội leader