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Vietnam striving to promote sustainable marine aquaculture development Vietnam striving to promote sustainable marine aquaculture development hinh anh 1 A shrimp farming area in Phu Yen province Vietnam is to have 280,000 ha of marine aquaculture area and 10.5 million cubic metres of farming cages by 2025, according to the Ministry of Agriculture and Rural Development (MARD). Annual marine aquaculture output and export turnover are expected to reach 850,000 tonnes and between 800 million and 1 billion USD, the ministry said. The MARD has taken a series of measures to promote sustainable marine aquaculture in coastal areas nationwide, towards turning the sector into a key part of the country’s maritime economy by 2045. Deputy Minister of Agriculture and Rural Development Phung Duc Tien said agencies have coordinated with coastal localities to review and build a plan for aquaculture development in Vietnam to 2030 with a vision to 2045. The plan will focus on … [Read more...] about VIETNAM BUSINESS NEWS MARCH 7

HoSE considers suspending amendment and cancellation orders while trading The proportion of amendment and cancellation orders has tended to increase. If these orders are stopped, the liquidity on HoSE will be eased by 30 per cent. This solution can be implemented immediately without any technical intervention, said HoSE. HoSE said that this solution had certain impacts on investors’ behaviour as they will consider carefully before placing buy and sell orders. Algorithmic trading orders will be harder to execute due to the higher risk. At the same time, split spread orders will also be reduced. However, according to the general manager of a securities company, the suspension of cancellation and amendment orders can be applied theoretically, but in terms of service and experience, it will not be really applicable. “Even at banks, when customers write incorrect payment orders, they can still leave and re-correct,” he said. An individual investor said that in case this … [Read more...] about HoSE considers suspending amendment and cancellation orders while trading

Mobile devices and components made up almost one-fifth of the country's export turnover in the first two months The latest data published by the General Statistics Office (GSO) showed that as one of the nine export articles with an export turnover of more than $1 billion, which made up 73.8 per cent of the total export turnover during the first two months, mobile devices and components made up the largest portion. In particular, the export value of mobile devices and components hit $9.3 billion, or 19.2 per cent of the turnover, up 22.8 per cent on-year. Contributing to this was the 21.2 per cent increase on-year in the electronics and computer manufacturing index. Of this, media equipment production (including mobile devices and components) soared 22.9 per cent on-year. Specifically, the output of mobile devices reached 35 million, up 1.2 per cent on-year. The revenue from mobile component production hit VND95.4 trillion($4.15 billion), up 55.7 per cent on-year. The EU, … [Read more...] about Mobile devices and components lead Vietnamese exports