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What are some of the most popular investment channels in Vietnam? Real estate, securities, cryptocurrency and ... mutant orchids. Bui Huu Thanh in Quang Ninh has one hectare of orchid sapling cultivation area Lan dot bien, or mutant orchid, has become a hot keyword on online forums as people believe the flowers can help them make a fortune. In March, two mutant orchid transactions occurred in Hung Yen province, with the value of tens of billion of dong. In Thuan Hung commune in Khoai Chau district, six Ngoc Son Cuoc mutant orchids were sold for VND34 billion. Meanwhile, Hoi Hoa Lan Pho Hien (Pho Hien Orchid Association) in Hung Yen City reported a record deal where one orchid sold for VND40 billion. Also in March, B.H.T, the owner of an orchid garden in Hai Phong City, said he sold 5,000 Ngoc Son Cuoc mutant orchid seedlings for VND250 billion. T said in his 12 hectare orchid garden, there are Ngoc Son Cuoc mutant orchid species valued at VND30 billion per plant. … [Read more...] about Buyers of phony ‘mutant orchids’ from disreputable sellers lose huge sums of money

New normal adaptation By Nguyen Dinh Bich Overall, compared with the year-earlier period, although export sales reached US$48.7 billion, a three-fold increase (24.7% versus 8.7%), import value soared to US$47.1 billion, a jump of 9.5 times (26.4% versus 2.8%) - PHOTO: ANH QUAN The new year has entered its second quarter and clear signs have been seen of a rapidly changing world market. In such a context, the Vietnamese economy, which has a high degree of openness despite its low economic development, has been strongly affected by import-export in an unprecedented way. How to cope with these fluctuations should therefore be taken into account. Globally speaking, statistics obtained from the World Bank show that compared with the end of last year, the world power price climbed unexpectedly by 25.9% in February, Likewise, prices of non-fuel commodities rose by 7.1%, of which the price of farm produce rose by 6.4% (prices of cereals soared by 15%, prices of metals by … [Read more...] about New normal adaptation