The facility, to enable Tan Long Group JSC (Tan Long Group)—a market leader in soft commodity trading—to diversify the procurement of agri-commodities, is part of IFC’s Global Warehouse Finance Programme (GWFP) that increases available financing to agricultural producers and traders in agricultural countries such as Vietnam. Underpinning the deal is a 50:50 risk-sharing partnership between IFC and VPBank, with each participating in risk for up to $25 million on an unfunded basis covering half of every eligible transaction under the facility. “Diversifying trade finance products will help realise VPBank’s strategy of becoming a leading SME bank over the next five years, with supporting local importers and exporters as a pillar,” said Dinh Van Nho, VPBank deputy chief executive officer cum head of Corporate Banking Division. This partnership is expected to have a significant development impact on the animal protein value chain in Vietnam—an … [Read more...] about Unlock further agri-financing opportunities for processing firms
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A group of men neatly wrapped themselves in three layers of clothing in the middle of a summer night in July, quietly chatting. They each had a cup of hot tea. Vietnam not satisfied about medicinal herb preservation Poor residents enrich themselves thanks to ginseng Members of the Tra Linh Medicinal Herbs Station on Ngoc Linh peak, Quang Nam Province take care of the Ngoc Linh ginseng grown there. — Photo tuoitre.vn The men were awaiting their turn at guard-duty over the treasured garden of ginseng on the top of Ngoc Linh mountain in Quang Nam Province. The garden, covering about 50ha, contains up to 250,000 top-quality ginseng seedlings. The guards were among 15 members of the Tra Linh Medicinal Herbs Station – a part of the provincial Quang Nam Centre on Developing Ngoc Linh Ginseng and Medicinal Herbs – located some 1,800m above sea level. Their sole job was to take care of the ginseng garden – the only national supply of ginseng seedlings besides … [Read more...] about Ginseng men in the midst of Ngoc Linh forest
National Assembly Vice Chairman Phung Quoc Hien (second from right) shakes hands with President of Madagascar Hery Rajaonarimampianina. (Photo: VNA) Antananarivo (VNA) – The visit to Madagascar by a high-ranking delegation from the Vietnamese National Assembly will contribute to tightening the bilateral relations and open up new cooperation opportunities between the two countries, especially in the field of economy. President of Madagascar Hery Rajaonarimampianina made the statement at a meeting with National Assembly Vice Chairman Phung Quoc Hien in Antananarivo on March 26. He underlined the special traditional relations between Vietnam and Madagascar through historical periods. The two countries have strengths and great cooperation potentials in agricultural production, he said, adding that Madagascar boasts vast cultivation land and abundant labour forces while Vietnam has experience and high agricultural technology. The President called on Vietnamese enterprises … [Read more...] about Vietnam, Madagascar beef up cooperation
The “Turning into Butterflies” exhibition is being made up of installation works created from approximately 1,300 paper butterflies by nearly 1,300 children and young people, including those with disabilities from around the world. Approximately 100 artworks by disabled and autistic students from Binh Minh Special School, nearly 20 artworks by Ahn Yun Mo, in addition to five Korean artists with disabilities, are to be on display during the exhibition. The event is part of the wider “Turning into Butterflies” project which was first rolled out worldwide in 2013 by Korean artist Ahn Yun Mo for disabled children and young people. The event sends a warm message of hope to hundreds of millions of disabled children from around the world. Through the project, Ahn Yun Mo hopes that people worldwide can unite to overcome barriers based on skin colour and language, whilst also allowing people with disabilities and those without them to come closer together. … [Read more...] about Unique exhibition by Korean artist to open to the public
She returned to Vietnam in August after Chinese authorities raided and deported undocumented immigrants. More about how she returned later. Cut to the present. In a countryside garment factory in the northern Bac Giang Province, Bien sits beside a bunch of red cloth bags. Around her dozens of other workers are making bags on sewing machines, but not Bien: Her job is to affix the company label on the bags, and she gets less than VND100,000 ($4.32) a day for it. She was given that job after failing to learn sewing despite eight days of training at the factory. "It's too difficult, I can't sew," she says. Bien is one of many Vietnamese trafficking victims rescued from China who returned lost, damaged, with little assurance their life would ever go back to the normal old days. Before being trafficked to China, she had been quite resourceful, working her family's rice field in Dong Lo Commune in Bac Giang while also attending a babysitting class. On October 2, 1991, when she was 23, Bien … [Read more...] about The plight of human trafficking survivors: Back from hell but to what?