Registration for sale

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

A crocodile farm in HCM City’s District 12. — Photo thanhnien.vn Crocodile farmers in HCM City are facing heavy losses since the COVID-19 pandemic is affecting export. They now rely heavily on the Chinese market, with the situation leading to price volatility. HCM City is among of the largest crocodile farming localities in the south with around 200,000 of the reptiles being farmed mostly in Districts 12 and Hoc Mon. It also enables the development of eco-tourism in these suburbs, but the industry is facing difficulties due to the pandemic. Dinh Thi Ngoc My Trang, director of Hoa Ca Crocodile Ltd Co, said her company raised around 10,000 animals at its peak for meat and skin. Crocodile leather products such as handbags, purses, belts, and watch straps are popular with both local and foreign customers, and sell well in tourist areas and airports, she said. But the COVID-19 outbreak has caused many such stalls to close temporarily, causing her company's revenue to decline by … [Read more...] about HCM City crocodile farming in a deep slump