Raw materials variable or fixed cost

In addition, the prices of goods, food and foodstuffs went up during the final lunar month to prepare for the longest annual holiday and domestic fuel prices rose to global levels, contributing to the rise of the index. This month’s CPI increased by 4.89% year-on-year, while the core inflation in January inched up 5.21%. Among the 11 main commodity groups, nine marked a month-on-month increase in prices, and the rest registered a decline. Transport services reported the highest rise of 1.39%, followed by beverage and cigarette with 1.12%. The prices of catering, other goods and services, apparel, footwear and hat, gold prices, restaurant services, cultural activities, and entertainment posted a growth of 0.82%, 0.72%, 0.62%, 0.57%, 0.46% and 0.42%, respectively. Household equipment and appliances reported the smallest increase, at 0.36%. Meanwhile, the prices of housing and construction materials and education fell by 0.12% and 0.15%, respectively. Source: VNA … [Read more...] about January’s CPI increases 0.52% due to high Tet demand

Lionbooks Children's Bookstore has organized a Tet program in Hanoi to bring children and their families to an attractive playground of 20 folk games and activities. Joining in the event "Open the door to see Tet", the children enthusiastically played bamboo dance, throwing cans, and mandarin square capturing. “I played the game of throwing a cloth ball. I was very happy. I hit three balls.” Children participate in the bamboo dance. “My children can play the games that I used to play in the past, which I find very meaningful. Children can also experience throwing balls, bamboo dance, and doing fun activities with friends. The bamboo dance and mandarin square capturing remind me of my childhood. As for the games played in mountainous areas, I have never seen them before. Today I came to play with my children, and I feel very happy.” “Children often use phones, televisions, and video games... There’s little opportunity for them to play folk games. That’s why … [Read more...] about Festival of folk games for children

EXHIBITION HCMC-Exhibition ‘No more, not yet’ Opening: Feb 3, 06:30 pm EMASI Nam Long, 147 Street No.8, Nam Long Residential area, D7, Display: Feb – June, Wed & Fri, 10 am – 04 pm EMASI Nam Long (D.7) Tues & Thurs, 10 am – 04 pm EMASI Vạn Phúc (D.Thủ Đức) *and every last Saturday of the month From the organizer: Nguyen Art Foundation (NAF) proudly invites you to the opening of ‘No more, not yet’, an exhibition that looks back on Nguyen Thi Thanh Mai’s shapeshifting artistic practice in all its multiplicity. Winner of the Artist Excellence Award (inaugural edition, initiated by The Factory Contemporary Arts Centre and managed by in-tangible institute), her work is presented here alongside nearly 20 artists whom she calls her colleagues and friends. The exhibition will be on display from February to June 2023 across the campuses of EMASI Nam Long and EMASI Van Phuc. Hanoi-Exhibition “This is not A Dream” Exhibition: Until Mar … [Read more...] about What’s on January 30-February 5/2023

During a working session with ministries, agencies, localities and stakeholders of the project after making a fact-finding trip earlier the same day to the construction site, he assigned them to responsibility for the work under their watch and solve existing issues. The Government has directed the establishment of a working group led by Deputy Prime Minister Tran Hong Ha to oversee and speed up the project, Prime Minister Pham Minh Chinh revealed. At the construction site, he asked ministries, agencies, localities and investor to hasten the implementation of the project, with quality guaranteed. Covering a total area of more than 5,580 hectares, the Long Thanh international airport will spread across six communes in Long Thanh district, Dong Nai province. The airport’s total investment is VND 336.63 trillion (USD 14.6 billion), with construction divided into three phases. In the first phase, a runway and one passenger terminal along with other supporting facilities will be … [Read more...] about Problems must be settled for Long Thanh airport construction: Prime Minister

Authorities in Quang Tri Province, located in north-central Vietnam, have granted a certificate of merit together with a cash bonus to the creator of a graceful cat mascot statue, called the ‘Miss Cat’ by netizens, used to celebrate the 2023 Lunar New Year (Tet), which is the Year of the Cat. Dinh Van Tam, a 32-year-old local man, who made the charming artistic work, received the provincial government’s certificate of merit, together with a bonus of VND20 million (US$852), from Ha Si Dong, standing deputy chairman of the Quang Tri administration, on Friday. Since the cat mascot statue was put on display at the square of the province’s Trieu Phong District on January 15, tens of thousands of people have flocked there for viewing and photographing during the past seven-day Tet holiday, from January 20 to 26, district authorities said. The cat statue has also caused great excitement to social media communities, who have honored it as the ‘Miss Cat,’ as it is considered truly … [Read more...] about Certificate of merit awarded to Tet cat mascot creator in Vietnam’s Quang Tri Province

Like so many others in Lam Dong Province and other rural areas of southern Vietnam, Toan saw the value of his agricultural land skyrocket in 2020-2021. He took it as an opportunity to start flipping properties for profit. But the market froze last year and short-term loans at high interest rates have now sunk him and many other farmers-turned-inexperienced-traders in impossible debt instead. The veteran coffee grower sold his land 7 km from the center of Di Linh District for several billions of dong in profit during a property price bubble in 2021. He then took out short-term, high-interest loans and used them plus money he made from his land sale to by several more plots he planned to resell for profit in what he thought would be at most 1-2 months. He said he thought he’d be able to sell some of the land back in even just a couple of weeks. But the properties still haven’t sold. In early 2022, Toan poured another VND15 billion ($635,600), including VND6 billion from another … [Read more...] about Debt buries farmers trying to flip property in frozen market

A Sunjin Vina Co plant in Ha Nam Province. — Photo danviet.vn South Korea-invested Sunjin Vina Co has received a licence from Hau Giang Industrial Zones (IZ) Management Board to develop a seafood feed plant in the province's Tan Phu Thanh Industrial Zone (IZ). The 2.6ha-plant, expected to cost US$23.6 million, will produce 126,000 tonnes of fish and shrimp feed products annually, the Vietnam Investment Review has reported. The plant's first phase is slated for completion in May 2024. Head of the board Tran Ngoc Hung described the plant's investment licence as a good start to the year for the province and the investor. He said his board would create all the most favourable conditions for the investor while coordinating with relevant departments to solve difficulties promptly, so that it could soon put the project into operation. Founded in 2007, Sunjin Vina Co now has four feed mills in Hung Yen, Ha Nam, Dong Nai and Tien Giang provinces with a total designed capacity of … [Read more...] about Hau Giang approves $23.6m seafood feed plant