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
Billion oyster project
Binh Dinh Province: Industry promotion helps fisheries development
(VEN) - The Binh Dinh Province Department of Industry and Trade has drafted and submitted to the relevant authority for approval of a three-year, VND148-billion national project for promotion of seafood production and processing enterprises. The industry promotion program is expected to provide comprehensive assistance, including technology, workspaces, and product preservation and introduction services. Binh Dinh is well suited for seafood production and processing. It is home to big lagoons, including the 1,200-1,400ha Tra O lagoon, 5,060ha Thi Nai lagoon, 1,600ha De Gi lagoon, in addition to lakes and the 300ha Tam Quan River estuary, which are all ideal for aquaculture. With a coastline of over 134km, water territories of 2,500 square kilometers and an exclusive economic zone of 40,000sq.km, Binh Dinh has the potential to develop seaweed culture and lobster, sea fish, pearl and oyster farming activities. The marine ecosystems are suitable for a wide range of high value seafood, … [Read more...] about Binh Dinh Province: Industry promotion helps fisheries development
BUSINESS IN BRIEF 16/4
Poultry breeding heats up again General manager CP Vietnam Montri Suwanposri said that Vietnam’s poultry prices are closer with prices of other countries; accordingly, CP Vietnam will sell chicken to Japan after finishing paper works as per the partners’ requirement. Montri Suwanposri added that C.P in Thailand is the leading firm exporting chicken meat to Japan for years with the quantity of five million a week. There has been an increase in poutry meat orders lately because many countries banned import chicken from Brazil , an exporter of chicken to Japan, after food safety scandal. These countries switched to import chicken meat from Asian countries especially Thailand. At present, prices of poultry in hi-tech farms in Vietnam is similar to chicken prices in other Asian countries, accordingly, C.P Thailand will share its orders with Vietnamese firms and C.P Vietnam has planned to sell chicken meat to Japan in 2019. In 2017, Vietnam’s livestock sector marked its … [Read more...] about BUSINESS IN BRIEF 16/4
From soldier to teacher to mushroom grower
A man who was once a teacher and a soldier now grows mushrooms. Lê Ngọc Khanh took a brave decision to quit his job and start his own business. He had to work hard and he did not expect things to happen too quickly. Now, the mushrooms he produces in the central highlands are sold all over Việt Nam. by Hồng Điệp Forty-three-year-old Lê Ngọc Khanh from Đăk Hrinh Commune in the Central Highlands province of Kon Tum quit his stable job as a teacher at a vocational school and started growing mushrooms in 2014. Being a novice in the business, Khanh enrolled in a training course to learn how to overcome the challenges. He now owns a 6,000-square-metre mushroom farm that yields tonnes each year. In 1998, after serving in the army, Khanh married and studied at the construction college in Hà Nội. After finishing his study, he returned to his hometown and worked as teacher in Đăk Hà District … [Read more...] about From soldier to teacher to mushroom grower
Fungus farm keeps ex-soldier busy
Linhzhi is an expensive fungus. In Vietnam it is mostly grown on farms or in households. (Photo baomoi.com) Kon Tum (VNA) - Forty-three-year-old Le Ngoc Khanh from Dak Hrinh commune in the Central Highlands province of Kon Tum quit his stable job as a teacher at a vocational school and started growing mushrooms in 2014. Being a novice in the business, Khanh enrolled in a training course to learn how to overcome the challenges. He now owns a 6,000-square-metre mushroom farm that yields tonnes each year. In 1998, after serving in the army, Khanh married and studied at the construction college in Hanoi. After finishing his study, he returned to his hometown and worked as teacher in Dak Ha district and then a vocational training school. “The hard training in the army helped me to acquire independence, self-discipline and become more tolerant of the challenges in life,” said Khanh. In 2010, he visited some households expertly growing lingzhi … [Read more...] about Fungus farm keeps ex-soldier busy