Why expansion board

The city has supported localities in building large-scale rice farming and encouraged businesses to expand distribution networks in the domestic market and exports. Hanoi is promoting sustainable rice production as a key solution to meet the growing demand for domestic consumption and exports. A delegate of the Hanoi's Department of Agricultural and Rural Development inspects organic farming production at Thach That District. Photo: Anh Ngoc Organic rice farming in Dong Phu Commune, Chuong My District, is considered one of the examples of rice production under the value chain. The Director of the Dong Phu Organic Agricultural Cooperative Trinh Thi Nguyet said from the original area of five hectares, the cooperative has now expanded its production area to 40 hectares. “The entire crop harvested would be later processed and distributed to other provinces/cities, as well as for exports,” Nguyet told The Hanoi Times . According to Nguyet, prices of … [Read more...] about Hanoi promotes sustainable rice production

Many retailers in phone and electronics segments focus on developing online channels to survive during the coronavirus pandemic period. To survive adverse effects of the coronavirus pandemic, many Vietnamese tech retailers have quickly boosted their sales on online platforms as their physical stores nationwide have to close until April 15 to comply with the prime ministerial directive stipulating measures to combat the pandemic. Photo: MWG Significant demand on tech products Mobile World Investment JSC (MWG), the largest tech retailer in Vietnam, saw a surge in demand in online shopping since the beginning of April as more than 10% of its 2,000 phone and electronics stores, mainly in Hanoi, have to close. Dang Thanh Phong, PR manager of MWG, told Hanoitimes that its revenue from online sales accounted for 13% of the total phone and electronics revenue in March, higher than that of the previous months. Due to the closure of its stores, sales in … [Read more...] about Vietnamese tech retailers manage to survive Covid-19 pandemic

A delegation of Ho Chi Minh City visits Vientiane-Ho Chi Minh City friendship high school. Pupils are eager to welcome the city delegation. Accompanying the delegation were Major General Nguyen Truong Thang, member of the Party Central Committee and Commander of Military Region 7; Lieutenant General Nguyen Van Nam, member of the Executive Board of HCMC Party Committee, Commander of the Military Command of Ho Chi Minh City; Deputy Chairman of Ho Chi Minh City People’s Committee Ngo Minh Chau and leaders of departments and agencies. At the meeting, the city Party chief pleasured at the visit to Vientiane-HCMC friendship high school, and he extended the best wishes of health and happiness to the teachers and scholars with more achievements on studying and teaching. The high school was established under the initiative of Mr. Nguyen Minh Triet, former Secretary of the Ho Chi Minh City Party Committee, former President of the Socialist Republic of Vietnam and Mr. Thongsing … [Read more...] about High-ranking delegation of HCMC visits Vientiane-HCMC friendship high school

Hanoi (VNA) – The Ministry of Trade and Industry (MTI) of Singapore on May 25 predicted that the country's GDP growth this year may reach only 3-4 percent, lower than the previous forecast of 3-5 percent for this year. In a statement released the same day, the ministry said that Singapore maintained its 3-5 percent economic growth forecast for 2022, but warned that growth will likely come in at the lower half of the forecast range because of the impact of the war in Ukraine and China's strict COVID-19 lockdowns . The conflict has disrupted the global supply of energy, food and other commodities, which has in turn exacerbated global inflationary pressures and adversely affected the growth of many economies, said the statement released with the first-quarter 2022 Economic Survey of Singapore . The ministry said that as a result of the war and lockdowns, global supply disruptions are likely to be more severe and prolonged than earlier expected, potentially persisting … [Read more...] about Singapore’s GDP may expand only 3-4 percent this year

An aeroplane dedicated to Argentine great Diego Maradona was unveiled on Wednesday ahead of a journey that will end at the World Cup in Qatar later this year. The Tango D10S – a 12-seater financed by an Argentine fintech company - is designed as a flying museum in tribute to the former World Cup winner, who died of a heart attack in November 2020. It features a picture of Maradona kissing the World Cup trophy on the fuselage, while his face is also on the tail. The wings feature both of his goals from Argentina's 2-1 victory over England in the 1986 World Cup quarter-final: the 'Hand of God' goal on the left wing and the winner, a goal widely regarded as the greatest of all time, on the right. People take part in an event to launch the world tour to Qatar’s World Cup of the TANGO D10S, a themed airplane with a museum with objects used by late soccer legend Diego Armando Maradona, in Buenos Aires, Argentina May 25, 2022. Photo: Reuters “I am mad about Maradona, … [Read more...] about Maradona tribute plane unveiled in Argentina

JP Morgan has greatly expanded its operations in Viet Nam since setting up its local office in 1995. — Photo sgbank.vn JP Morgan Chase on Thursday announced a capital injection of US$123 million into its branch entity in HCM City, bringing the firm’s total capital investment into Viet Nam from $77 million to $200 million, or VND4.6 trillion. The capital will be used over the next few years to fund the expansion of the bank’s onshore services and capabilities and support its fast-growing suite of product offerings and increase the hiring of local talent. JP Morgan has greatly expanded its operations in Viet Nam since setting up its local office in 1995, with the firm now providing a wide array of banking solutions across corporate banking, investment banking advisory, payments and capital markets. “With more than 25 years of history and as a leading international investment bank with an on-the-ground presence, JP Morgan has built a robust franchise in Viet Nam committed to … [Read more...] about JPMorgan Chase announces fresh capital injection into Viet Nam, bringing total investment to US$200 million

Tra fish exports are projected to surge a whopping 97 percent year-on-year in the first five months of 2022, reaching 1.1 billion USD. Besides exporting to traditional markets such as the U.S. and Europe, seafood exporters have expanded markets to take advantage of the new demand. Specifically, Vietnam has trolled new fish markets in Mexico, Egypt and Thailand. VASEP expert Ta Ha said that the Mexico market has the largest export value in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc. Tra fish sales to Mexico topped 50 million USD in the first five months of this year, an increase of 70 percent against last year’s figure. Shipments to Thailand hit nearly 50 million USD during the period, a year-on-year spike of 80 percent. Vietnam exported over 15 million USD worth of tra fish to Egypt, up 85 percent year-on-year. These are positive signs that tra fish is a favored seafood product in these fresh new markets. VASEP reports that … [Read more...] about Huge haul in new markets for Vietnam’s tra fish exports

JP Morgan has greatly expanded its operations in Việt Nam since setting up its local office in 1995. — Photo sgbank.vn HCM CITY — JP Morgan Chase on Thursday announced a capital injection of US$123 million into its branch entity in HCM City, bringing the firm’s total capital investment into Việt Nam from $77 million to $200 million, or VNĐ4.6 trillion. The capital will be used over the next few years to fund the expansion of the bank’s onshore services and capabilities and support its fast-growing suite of product offerings and increase the hiring of local talent. JP Morgan has greatly expanded its operations in Việt Nam since setting up its local office in 1995, with the firm now providing a wide array of banking solutions across corporate banking, investment banking advisory, payments and capital markets. “With more than 25 years of history and as a leading international investment bank with an on-the-ground presence, JP Morgan has built a robust franchise in Việt Nam … [Read more...] about JPMorgan Chase announces fresh capital injection into Việt Nam

Illustrative image This has led to a new consensus from different development economies for the need to reduce dependency on one source and improve integration among various countries. However, the process of reducing dependency has led to rising inflation, labor shortages, more regional protectionism, and fluctuating shocks in the global financial world. Under such an unpredictable scenario in global trade it would be surprising if countries such as Vietnam will participate in a monetary system that would be chosen for a global trade chain. New global trends It was not until the 19th century that global integration began to develop. However, this trend of globalization eventually waned and collapsed during World War I, and was followed by postwar protectionism, the Great Depression, and finally the long and brutal World War II. When World War II ended in the mid-1940s, the United States led the efforts to restore international trade and investment under several set ground … [Read more...] about Vietnam has choices under new global trends

Research firm MoffettNathanson cut its 2025 revenue estimates for each of the four companies by double-digit percentages. US digital ad spending surged 38 percent in 2021 over the previous year. Alphabet, the largest digital advertising platform in the world, posted a record revenue of $257 billion that year. While the companies have warned of pressure from inflation, the Ukraine war and the end of a Covid-induced lift to advertising, the report estimates for the first time the potential impact to revenue over the next few years. "After years of uber-bullishness, we are truly concerned about longer-term growth in digital advertising," wrote Michael Nathanson, an analyst at MoffettNathanson, in the report. Growth in the advertising market last year was driven in part by an "unprecedented spike" in profitability at companies that saved money on office space and expansion and had more to spend on marketing, as well as brands spending on ads to drive customers to shop online, … [Read more...] about Big tech ad revenue growth to taper as pandemic bubble pops: analyst