A representative of the Foreign Investment Agency under the Ministry of Planning and Investment said despite its high potential, the agricultural sector with its existing shortcomings of fragmented and small-scale production is not attractive enough to lure high-quality FDI. “In fact, investors in the agricultural sector face numerous risks, including bad weather, natural disasters or diseases,” he noted. … [Read more...] about Needed: A proper strategy to attract FDI in agriculture
R city mall attraction
Unique lunar New Year markets in Ho Chi Minh City
Unlike northerners who cook square-shaped Banh Chung, southerners prefer cylindrical Banh Tet during the traditional Tet holiday. Both cakes are made of glutinous rice, green bean paste and pork, and they are wrapped in La Dong (Dong leaves). The leaves can be found at the La Dong market that is located at the Cach Mang Thang Tam-Pham Van Hai intersection. The market, the biggest of its kind in HCM City, often opens from the 15th day of the 12th lunar month and lasts several days before the start of Tet. A bunch typically contains 10 leaves costing between VND70,000 and VND80,000. Flowers are among indispensable items during the Tet holiday, and the Binh Dong flower market in District 8 is an ideal place to visit. Coming here, visitors can see boats full of flowers and ornamental trees sourced from gardens throughout the Mekong Delta region. From the 20th day of the 12th lunar month, gardeners gather at the market in order to prepare for the Lunar New Year festival. … [Read more...] about Unique lunar New Year markets in Ho Chi Minh City
HCM City offers cultural activities for Tết
Highlighted songs will include Dạ Cổ Hoài Lang (Night Drumbeats for an Absent Husband) written in 1919 by well-known composer Cao Văn Lầu, a native of the Mekong Delta province of Bạc Liêu. The song tells of the love, anguish and pride of a young woman watching her husband fight for the country. … [Read more...] about HCM City offers cultural activities for Tết
Bright economic appearance after 35 years of innovation
Impressive development achievements Starting the innovation process with the determination to integrate internationally 35 years ago, Vietnam was still a country with backward and closed production. It had consistently implemented reforms, transforming from a centrally planned, subsidized economy to a multi-sectoral commodity economy, which operates under the market mechanism and the State's management and towards socialism. From 1986 to 2000, on average, the gross domestic product (GDP) grew by 6.51 percent annually. The agriculture, forestry, and fishery sector edged up 3.72 percent; the industry and construction sector rose 9.06 percent; the service sector climbed 6.66 percent. The economic structure had gradually shifted towards promoting industrialization and modernization. The agricultural sector had absolutely solved the food problem, ensuring national food security, changing Vietnam from a country with a lack of food to become the second-largest rice exporter in the world. … [Read more...] about Bright economic appearance after 35 years of innovation
M&A in real estate remains robust
Foreign investors need to review different channels. Some deals were nearing completion but have still failed due to legal issues. The integration post-COVID-19 pandemic is another problem. When we must restructure to avoid confusion but in my opinion, it is necessary to change governance structures to ensure a smooth transition between buyers and sellers. … [Read more...] about M&A in real estate remains robust