Can Tho’s export revenue grows 13 percent in Q1 Processing tra fish for export at the Southern Fishery Industries Co. Ltd in Can Tho city The Mekong Delta city of Can Tho exported 447.8 million USD worth of goods in the first three months of 2019, up 13.32 percent year on year, according to the municipal Department of Industry and Trade. Aquatic products and rice remained the key foreign currency earners for the city during the first quarter. Nearly 46,500 tonnes of aquatic products worth 132.57 million USD were shipped abroad, respectively rising by 27.29 percent and 10.78 percent against the same period last year. The biggest markets were Japan, Singapore, Mexico, Brazil, and Hong Kong (China). Seafood exporting companies said the shipment of shrimp and tra fish products has benefited from many preferential tariffs in other member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as from March. Therefore, they have been applying … [Read more...] about BUSINESS NEWS IN BRIEF 3/4
Renewable energy buyers alliance
Rooftop solar to ensure renewable energy future
Solar PV panels are the beginning of an era of true energy independence For five months, Mac Nhu Lai, a 57-year-old resident in Ho Chi Minh City has been using a three kilowatt-peak (kWp) rooftop solar photovoltaic system called BigKilowatt. The system saved 30 per cent on his electricity bill and increased his income by selling electricity back to the national power grid. “Reducing the electricity bill, the solar rooftop panels help reduce our environmental footprint,” Lai said. Solar rooftop systems became popular in Vietnam. By installing solar panels and a green roof, owners can save costs and enjoy the socio-environmental benefits of a living roof. Racing to rooftop The Vietnamese commercial and industrial sectors has shown a lot of interest in solar rooftop panels. The 2015-2018 period has seen a number of investments and investment announcements for new or expanded PV module and cell manufacturing capacities. These investments are partly made by local Vietnamese … [Read more...] about Rooftop solar to ensure renewable energy future
BUSINESS NEWS IN BRIEF 14/10
Mekong delta promotes Agritourism with farmer participation The travel industry in the Mekong delta has lately taken off with more holiday-makers, increased revenue and more farmer participation. Dong Thap province at the heart of the Mekong Delta is one of provinces with most farmer participating in agri-tourism. Nguyen Be Tu, owner of Tu ca Linh a 3-hectare agritourism farm in Tam Nong District said in these days, many holiday-makers phoned to experience flood season in Dong Thap Muoi when they can enjoy fishing linh fish and other species of animals. Before, Tu family just work on paddy fields and lotus field. After he was sent to visit agritourism farm models in other places, he decided to invest in 3 hectare lotus field into homestay tourism farm. Visitors can live in thatched houses next to lotus fields to breath fresh air and enjoy nature and landscape. Visitors can drain ditches for fish, pick up vegetables and live with kind inhabitants. Owner Tu engaged in agritourism for … [Read more...] about BUSINESS NEWS IN BRIEF 14/10
BUSINESS NEWS IN BRIEF 28/8
Conference seeks ways for investment promotion in Quang Binh An investment promotion conference in the central province of Quang Binh was convened on August 28, focusing on presentations of the province’s potential and investment opportunities. Present at the conference were Prime Minister Nguyen Xuan Phuc and more than 800 delegates from among the leaders of ministries and departments, along with representatives of embassies, Lao provinces, commercial banks, associations, international organizations and businesses. Participating domestic and foreign organizations and businesses, through the conference, discussed investment and trade opportunities with local authorities. The event is expected to serve as a platform for the handing over of investment registration certificates and cooperation deals to 66 projects with a combined registered capital of US$7.34 billion. Earlier, the provincial People’s Committee held a series of sideline activities, including investment … [Read more...] about BUSINESS NEWS IN BRIEF 28/8
BUSINESS NEWS IN BRIEF 4/8
PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31. The agreements included a gas sales and purchase and a gas supply agreement. The stakeholder participation in the Petroleum Sharing Contract includes the operator Idemitsu Kosan Co Ltd with 43.08 percent; Teikoku Oil (Con Son) Co Ltd, 36.92 percent; and PetroVietnam, 20 percent. Speaking at the signing ceremony, PVN General Director Nguyen Vu Truong Son said the signing of trade agreements achieved after over two years of negotiations among sides involved. He said the event is very significant for the gas filed to turn out the first flow of oil and gas in the third quarter of 2020, with an estimated annual output of 1.5 billion cubic metres of gas and of 2.8 million barrels of crude oil and natural-gas condensate. The … [Read more...] about BUSINESS NEWS IN BRIEF 4/8