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Dung, the owner of a hotel, said he has a "treasure" hidden at the bottom of the pond which yields about VND34 billion a year. Leading reporters to his closed snail farming area in Cua Tung Town in Quang Tri recently, Phan Van Dung pointed to the pond divided into cells amid a sand field. He said this was just one of his five sweet snail (Babylonia areolata) farms. He pointed out a cell lined with black canvas, where snails were about to be harvested in several days. “The price has reached a record high of VND360,000 per kilogram, twice as high as last year. I believe I can earn big money this year,” he said. In 2005, he built a small hotel with 20 rooms which became the major source of income of his family. Now he earns money from both the hotel and snail farming, but the farming brings much higher revenue. At first, he hatched shrimp, but he failed many times over five years. In 2016, he decided to breed snails, which he believed would bring high profit and low risks, … [Read more...] about Snail farm brings VND34 billion a year for Quang Tri farmer

Fresh CEO rush shakes up Vietnam’s banking arena, photo Le Toan In February, Shinhan Bank Vietnam named Lee Taekyung, former CEO of Shinhan Bank Cambodia, as new CEO of the local franchise. With 29 years of experience under his belt, Taekyung has been in charge of various positions of strategy, planning, risk management, and marketing, among others. He previously took the helm as head of the Global Business Division of Shinhan Bank Korea and gained working experience at Shinhan Bank America and Shinhan Bank Cambodia. In the latter, Taekyung doubled the size of the bank, including assets, profits, the number of branches, and employees in just two years. “In the ever-evolving financial landscape, customers’ needs will change quickly. We must be a bank that keeps pace with customer changes with customer-oriented value as the top priority,” he noted. “Vietnam is the most important country globally for Shinhan Financial Group, and we sincerely appreciate all of the customers. … [Read more...] about Fresh CEO rush shakes up Vietnam’s banking arena

Top exports According to the Ministry of Industry and Trade, in the first two months of 2021, the export value of nine groups of products exceeded US$1 billion each, accounting for 73.8 percent of Vietnam’s total export value. Of these, the export value of phones and components reached US$9.3 billion, accounting for 19.2 percent of the total, a year-on-year increase of 22.8 percent. Computers, electronic and optical products also significantly contributed to export growth. In the first two months of 2021, the production index of these products grew 21.2 percent compared with the same period last year. The manufacturing of communication devices, mostly phones and components, grew 22.9 percent. Specifically, 35 million mobile phones were manufactured, up 1.2 percent; phone component production reached VND95.4 trillion, up 55.7 percent. Major export markets of these products include the EU, the US, and China. Exports to China in the first two months of this year reached nearly US$2.5 … [Read more...] about Domestic sector expected to foster phone, component export resurgence

Illustrative photo JOURNALIST: - Sir, do you think the USA will return to renegotiate the terms for the CPTPP deal with other countries? Dr. VO DAI LUOC: - The question of whether the USA will return to the CPTPP deal or not is a matter of great concern, not only for countries that are members of the CPTPP but also for other ally countries of America. I think that although the US President Joe Biden wants to rejoin the CPTPP right now, there is also an overwhelming leaning towards multilateral Free Trade Agreements (FTAs). So in the short term, the US may not be able to renegotiate to rejoin the CPTPP. The reason is that the more Free Trade Agreements develop, the less are the chances of the US once again rejoining the CPTPP. For instance, at present many countries are benefiting much more from FTAs because of more capital flow, and better markets, labor, and technology. However, voters in developed countries, like the US, believe that they are at a disadvantage because … [Read more...] about Concerns over renegotiation of Trans Pacific Partnership

Vice Chairman of the Hung Yen Provincial People's Committee, Bui The Cu, said that after four years of implementing Resolution No. 08-NQ/TU, dated October 4, 2016 by the Executive Committee of the 18th Hung Yen Provincial Party Committee on the Hung Yen transport development programme 2016-2020, with a vision to 2030, the transportation system in the province has witnessed many changes with rapid development. Works and roads at national, provincial and district levels have been renovated and upgraded to form a relatively synchronous transport infrastructure network, contributing to changing Hung Yen's face and bringing a new position to the province, while ensuring national defence and security for the province's socio-economic development. Typically, the first phase of the route linking the Hanoi - Hai Phong expressway to the Cau Gie -Ninh Binh highway has brought about high efficiency, connecting many roads in Hung Yen province with the national highway system which crosses the … [Read more...] about Hung Yen mobilises investment for transport structure serving socio-economic development