New trends in Vietnam’s rice exports 2018 is witnessing new trends in Vietnam’s rice export sector, notably the priority of exporting high-quality rice through international bidding as well as stricter and more diverse trade barriers from importing countries. Preliminary data by the General Department of Customs shows that Vietnam exported 264,500 tonnes of rice in October, generating a revenue of US$135.56 million, up 22.96% in volume and 31.8% in value, compared with the same month last year. The total volume of rice exports in the first ten months of 2018 was 5.15 million tonnes, worth US$2.6 billion, representing year-on-year increases of 6.62% and 21.49% in volume and revenue respectively. What is notable during the period is that the price of Vietnamese rice has now surpassed that of Thailand, averaging at more than US$500 a tonne, up about 15%. In 2016, Vietnam exported 4.8 million tonnes of rice, bringing in US$2.1 billion. The respective volume and revenue figures … [Read more...] about BUSINESS NEWS IN BRIEF 20/11
Wind energy and solar energy
Vietnam Renewable Energy Week 2018 opens
The Vietnam Renewable Energy Week 2018 opens in Hanoi on August 21. (Photo: congthuong.vn) Hanoi (VNA) – The Vietnam Sustainable Energy Alliance (VSEA) and the Climate Change Working Group (CCWG) kicked off the Vietnam Renewable Energy Week 2018 in Hanoi on August 21. The event, which takes place until August 26 in Hanoi, Ho Chi Minh City and Can Tho, creates a forum for multi-stakeholders to find solutions to removing obstacles and accelerating renewable energy development for all in Vietnam. It also aims to raise public awareness of the feasibility and benefits of renewable energy and call for concrete actions, launch the “Million Green Houses for Vietnam’s Prosperity" concept and mobilise stakeholders’ interest in jointly implementing this programme. With the message “Clearing the path for renewable energy to every home in Vietnam”, the 3rd Renewable Energy Week involves a chain of inter-related activities, including workshops, seminars, … [Read more...] about Vietnam Renewable Energy Week 2018 opens
BUSINESS NEWS IN BRIEF 16/8
Vietnam firms join Tamil Nadu food expo in India Seven Vietnamese enterprises are showcasing their products at Vibrant Tamil Nadu - Global Expo & Summit 2018 in the Indian state of Tamil Nadu, which runs from August 12-15. The food and beverage expo also features nearly 200 Indian firms and representatives from 29 other nations. Several workshops on food, processed food and beverages and measures to boost the sector’s development have been held at the event, along with meetings between participating firms and state authorities. The Vietnamese enterprises discussed the possibility of signing some memoranda of understanding on cooperation in food production and processing and on investment in industrial zones with Indian partners. Bui Trung Thuong, Chief of the Vietnam Trade Office in India, briefed Indian partners on Vietnam-India economic and trade ties, the prospects of the Vietnamese food sector and opportunities for the two countries’ businesses. India ranks 27th … [Read more...] about BUSINESS NEWS IN BRIEF 16/8
Government News 27/7
NA Vice Chairman wraps up US visit NA Vice Chairman Do Ba Ty (R) meets US friends who have supported Vietnam in its past struggle for national liberation and current nation building cause The Vietnamese National Assembly (NA) will continue providing support for Vietnam’s overseas representative offices, affirmed NA Vice Chairman Do Ba Ty while talking to Vietnamese officials who are working in New York. Ty asked Vietnamese representative offices to update and study the host country’s commercial policies to submit appropriate response to the legislature. He met officials of the Vietnamese permanent mission to the United Nations and Vietnam’s representative offices, as well as correspondents of Vietnam News Agency and Vietnam Television in New York during his working visit to the city from July 26-27. Meeting several US friends, Ty recalled important milestones in the relations between Vietnam and the US. US friends, in turn, made proposals helping Vietnam carry … [Read more...] about Government News 27/7
Obama backs renewable energy amid oil hikes
Taking issue with a Republican budget proposal that calls for steep cuts in energy programs, President Barack Obama said Saturday that higher gas prices require investments in renewable energy. "Instead of subsidising yesterday's energy sources, we need to invest in tomorrow's," said Obama. "We need to invest in clean, renewable energy. In the long term, that's the answer." Rising gasoline prices are expected to be a crucial factor in next year's presidential election, and Obama has ramped up his public statements on the issue. Earlier this week, he pointed the finger at what he called oil "speculators," before announcing the creation of a Department of Justice working group that will probe oil price fraud and speculation. The oil and gas industry's billions in tax subsidies were also singled out for criticism during Obama's State of the Union address in February. "That's $4 billion of your money going to these companies when they're making record profits and you're … [Read more...] about Obama backs renewable energy amid oil hikes