How do birds make nests

Vietnam is waiting for the completion of import-export procedures with China, a stepping stone for the Southeast Asian country to officially tap into the high-demand Chinese market for bird’s nests, which offers a variety of opportunities and profits. China is the largest consumer of bird’s nests in the world, according to the Vietnam Farms and Agricultural Enterprises Association (VFAEA). China's statistics show that the official import of bird’s nests into China was 180 metric tons in 2019 and 220 metric tons in 2020 while it is estimated to reach 300 metric tons in 2021. From 2015 to 2017, bird’s nest trade on Chinese social networks multiplied by 30 times. In 2017, the online sales of bird’s nests on the platform China's Alibaba Group alone reached about US$2 billion. However, China currently applies very strict regulations on importing bird’s nests, with Malaysia, Indonesia, and Thailand being the only three Southeast Asian exporters. In Vietnam, the average yearly … [Read more...] about Official trade of bird’s nests to China promises Vietnam enormous export potential

Demand for top meat drives funding Demand for top meat drives funding In the midst of the rising demand for quality pork, Vietnam has witnessed growing investment in the clean meat market.  Last week, AVG Capital Partners, a private equity fund from Russia, signed an MoU with Thanh Hoa People’s Committee to develop a $1.4 billion pork processing complex in Nghi Son Economic Zone. With an area of 1,000 hectares, the complex has a designed capacity to produce five million hogs a year. It will boast 43 commercial pig farms and three hybrid pig farms, a mixed feed factory with a capacity of two million tonnes a year, as well as a slaughterhouse and processing plant with a capacity of 600,000 tonnes a year. Phong Quach, head of business development at Ipsos Strategy3 in Vietnam, said that as a general principle, any high-tech investment in agriculture is good for Vietnam. This is because the Vietnamese agricultural sector is still trying to attract more technology that can … [Read more...] about VIETNAM BUSINESS NEWS FEBRUARY 9

COVID-19 is back right at the year-end consumption time. Does this affect Nestlé’s business results? It is too early to quantify any impact of the latest outbreak. People are at the heart of our business and we continue to work tirelessly to keep our employees, business partners and the communities where we operate healthy and safe during the coronavirus outbreak. We are committed to ensuring continued production and delivery of our foods and beverages for Vietnamese consumers, particularly during Tet Holidays, by continuing to work closely with our supply chain, distribution and retail partners. We keep a strong belief in the capability and management of the Vietnamese Government to effectively contain any possible outbreak. Few days after the outbreak in Hai Duong, we joined effort with relevant authorities to provide people living in four lockdown districts of the province some 45,000 units of nutritional products to help them overcome the difficult time. We have also … [Read more...] about Nestlé always consistent with its goal towards sustainability

Vietnam Rubber Group to raise natural rubber output under its own brand A worker collects latex from a rubber tree (Illustrative photo: VNA) The rate is expected to hit 92 percent by 2022. The VRG has built a set of standards and introduced VRG-branded rubber products since 2018, bolstering consumption of its products along with Vietnam’s rubber brand in the international market. VRG-branded products reached 255,407 tonnes last year, accounting for 68 percent of the group's total output, from just 20,790 tonnes recorded in 2018. The VRG reported 21.17 trillion VND in revenue and 5.23 trillion VND in post-tax profit in 2020, year-on-year increases of 6.9 percent and 36.4 percent, respectively./. CPI in February highest in 8 years Vietnam’s consumer price index (CPI) in February was up 1.52 percent over the previous month and 0.7 percent year on year, according to the General Statistics Office (GSO). This is the highest February CPI growth recorded in the … [Read more...] about VIETNAM BUSINESS NEWS MARCH 1

Djưng with a herd of deer in Kon Ka Kinh National Park, Gia Lai Province. — Photo tienphong.vn GIA LAI — Looking at the herd of deer being protected in Kon Ka Kinh National Park, Gia Lai Province, Djưng feels very happy. Djưng from the Ba Na ethnic group in Đê Kjiêng Village, Ayun Commune, Mang Yang District, is now a ranger in the forest that he used to hunt in for a living for many years. He was one of the best hunters in the village, which is located nearly 100km from Pleiku City. Djưng said, in the past, it was not easy to travel from the village to the centre of the district, so local kids like him only went to the forest to catch birds and pick mushrooms. As a kid who grew up hunting, he hunted with his brothers and uncles to catch gaurs, deer and wild boars. That is why he knows every stream and every corner of the forest. “I know the animal's behaviour. I know when they go to stream to drink water, go for food and where they like to … [Read more...] about Former hunters use their skills to protect the forest