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Despite constraints from their disability, visually-impaired masseurs, masseuses and lottery ticket vendors in Ho Chi Minh City, who have been struggling since the novel coronavirus first hit Vietnam in January last year, are making the most of their energy to make ends meet and fend for their families. Le Ngoc Luom, a resident of District 1, spends his days feeling his way around the streets he knows like the back of his hand, constantly listening for anyone who might want to buy the lottery tickets he sells to survive. He taps his cane so he can estimate where he is within a few steps at any time during his route. Sometimes his rhythm gets interrupted by a parked motorbike or other obstacles, or worse, he may even trip up on trash careless people dump on the streets. Just like many others with visual impairments, the 49-year-old man used to work as a masseur at a massage parlor, until Vietnam was first hit by the novel coronavirus (COVID-19) pandemic in January last year … [Read more...] about In Saigon, visually-impaired masseurs, vendors work for livelihood amid coronavirus uncertainty

Fruit, vegetable sector targets export revenue of $10 billion The agricultural sector has determined to improve quality to meet import market standards and achieve the export target of 10 billion USD by 2030. Of which, the proportion of export turnover of processed fruit and vegetable products will reach 30 per cent or more; fruit and vegetable processing capacity will reach two million tonnes per year, nearly double that of last year. To achieve these goals, the agricultural sector will boost investment in improving the capacity of fruit and vegetable processing in the future; develop establishments for preliminary processing and preservation of fresh fruits and vegetables as well as promoting key fruit and vegetable products and high value-added products. New stocks on HoSE will temporarily trade on HNX Companies that want to list on the Ho Chi Minh Stock Exchange (HoSE) will temporarily trade on the Ha Noi Stock Exchange (HNX) as a temporary solution to the overload … [Read more...] about VIETNAM BUSINESS NEWS APRIL 12

Vietnamese fruit and vegetable sector targets export revenue of $10 billion A fruit processing line at An Giang Fruits-Vegetables and Foodstuff Joint Stock Company. Dang Phuc Nguyen, general secretary of the Viet Nam Vegetables Association, said that new-generation free trade agreements (FTAs) such as the EU-Viet Nam Free Trade Agreement (EVFTA); the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP); or Regional Comprehensive Economic Partnership (RCEP) were helping pave the way for Vietnamese businesses to increase fruit and vegetable export turnover this year. Regarding the market, vegetables and fruit exported mainly to the Chinese market in the first two months of this year, reached $352.83 million, up 17.5 per cent over the same period last year, accounting for 62.5 per cent of the total export value of vegetables and fruit of Viet Nam. The increase in exports to the Chinese market is due to a sharp growth in consumption demand … [Read more...] about VIETNAM BUSINESS NEWS APRIL 6

Vietnam gas consumption to double in next 10 years: Fitch Solutions Gas demand is expected to rise from about 9.7 billion cubic meters (bcm) in 2020 to above 25.3bcm in 2030, while influx of LNG helps to counter the decline in domestic production. Vietnam’s gas consumption is predicted to accelerate strongly over the coming decade, more than doubling, over the duration of the upcoming Power Development Plan VIII (PDP VIII) [2021-2030]. “The potential of the Vietnamese gas market is strong,” stated the Fitch Solutions in a note, saying in comparison to markets similar in terms the size of the consumer market as measured by population, Vietnam appears undersupplied in gas both in terms of absolute consumption volume and per capita. The domestic gas network is also found deficient with Vietnam ranking 15th out of 17 Asia-Pacific gas markets as per the CIA Factbook in terms of total gas pipeline length, despite having historically been self-sufficient in gas. The … [Read more...] about VIETNAM BUSINESS NEWS APRIL 13

Thai retailer to invest additional US$1.1 billion into Vietnam market By Le Hoang Consumers shop at a Go! supermaket - PHOTO: LE HOANG HCMC - With a target to further expand its footprint in Vietnam as a high-potential market, Thailand’s Central Retail Corporation Public Company Limited (CRC) has come up with a five-year plan with an investment value of approximately THB35 billion (about US$1.1 billion) to cover 55 provinces nationwide. Yol Phokasub, Chief Executive Officer of CRC, revealed in a statement on April 2 that “CRC is forging on with a business expansion in Vietnam. "Thanks to a strong collaboration from all sectors, Vietnam has emerged from the COVID-19 pandemic with a GDP (growth rate) of 2.91%, the lowest growth for the market but still a positive growth compared to other countries where the economy was hit hard globally with an average GDP reported at -4.4%. It is predicted that Vietnam’s economy is set to bounce back to 6.8% in 2021.” According to … [Read more...] about Thai retailer to invest additional US$1.1 billion into Vietnam market