Vu Cuong Quyet, general director of the firm, said: “Since the beginning of the year, we have cut 70 per cent of expenses. For example, we have cut down on marketing and advertising expenses. We also stopped running branches in ineffective locations to focus on some key locations.” … [Read more...] about Realty firms try their best to cope with COVID-19
Market development activities
Mr. Quach Van Ngoan, a farmer in Long Binh Commune in Long My Town in Hau Giang Province, said that his family has 4,000 square meters of rice. He finished harvesting and already sold all his paddy more than 10 days ago for VND5,200 per kilogram as farmers needed money to cover necessary expenses and daily expenses. Farmers in the Mekong Delta have mostly finished harvesting the winter-spring rice crop. Most farmers harvested and sold paddy when the prices were at high levels. Currently, paddy is in warehouses of export enterprises, rice mills, and traders. Enterprises need to export rice in a certain volume. In the past weeks, arguments were raised on social networks and some media on keeping or suspending the export of rice. It is important to consider and calculate the volume and time of export. According to a report by the Vietnam Food Association, by March 27 this year, the total amount of undelivered signed contracts was nearly 1.6 million tons of rice. Of which, the … [Read more...] about Mekong Delta provinces expect good summer-autumn rice crop
With its effective implementation, in the first quarter of the year, although KDF recorded net revenue of VND260 billion ($11.1 million), slightly down by 2.3 per cent year-on-year, pre-tax profit increased by 15.9 per cent year-on-year, reaching VND27.3 billion ($1.2 million). … [Read more...] about KIDO Group reports steady sales in oil and frozen businesses
But the lockdown also led to an unprecedented exodus of workers from their places of work, to their homes in far-flung villages all over the country. Farmers were still able to go to their fields and pluck onions after the government made it clear that agriculture was an essential service. And a few workers had stayed back to keep the Lasangaon market running. … [Read more...] about Will coronavirus lockdown cause food shortages in India?
In general, the governor said, Vietnam will be able to maintain its growth next year but it may face higher inflation. Therefore, the country needs to strengthen control over total means of payment and credit to restrain its growth at around 30 percent and lower in the years to follow. … [Read more...] about Bank leaders discusses two scenarios for VN’s economy