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The 15th Asia – Pacific Bonsai and Suiseki Convention and Exhibition opened at the Suoi Tien Amusement Park in Ho Chi Minh City on November 15. The event, to last until November 18, attracts the participation of more than 50 countries and territories. It expects to draw more than 50,000 visitors. The exhibition includes a Vietnamese Bonsai Exhibition showcasing nearly 1,000 ornamental art works from 40 localities across the country. The exhibition also introduces more than 250 Suiseki works, many of which are valued at nearly 10 billion VND (nearly 431,000 USD), along with more than 100 photos of ornamental creatures by Vietnamese and foreign artists. In opening the event, President of the Vietnam Ornamental Creature Association Nguyen Huu Van said the Asia-Pacific Bonsai and Suiseki Exhibition is a chance for Vietnam to promote the culture, tourism and people of Vietnam to foreign friends, and for the Vietnamese ornamental artists to meet and exchange with their foreign peers, … [Read more...] about Vietnam hosts Asia-Pacific Bonsai-Suiseki Festival

At the meeting The Vietnamese defense delegation participating in the ADMM-13 is led by Defense Minister General Ngo Xuan Lich. Delivering the opening remarks, Chairman of the ADMM-13, Thai Defense Minister General Prawit Wongsuwan thanked other ASEAN member countries for their support for Thailand’s Chairmanship of ASEAN in 2019 as well as for their attendance of the important regional defense meeting. The ADMM-13 Chairman said that the meeting would focus on promoting ASEAN defense cooperation within the ADMM mechanism. He affirmed that ADMM and ADMM+ are the key defense cooperation mechanisms for ASEAN member countries to boost defense cooperation as well as for the bloc to maintain its central role in regional defense and security forums. Such defense cooperation mechanisms create opportunity for representatives of member countries to exchange views, contributing to promoting mutual understanding and trust.   Speaking at the ADMM-13, Vietnamese Defense … [Read more...] about Fishermen unintentionally encroaching on other country’s waters be treated humanely: Vietnam defense minister at ADMM-13

The Ho Tram Grand Strip resort in the southern Ba Ria-Vung Tau Province was sold in April to a unit of U.S. private equity firm Warburg Pincus. The U.S. firm bought a 62.8 percent stake in Canada’s Asian Coast Development, which owned the $4.2 billion development comprising hundreds of rooms and a casino. In Hanoi, Malaysian conglomerate Berjaya Group sold a 75 percent stake in the Intercontinental hotel near the West Lake in March to local firm Hanoi Hotel Tourism Development Co., Ltd for $53.4 million. Foreign investors are showing interest in Vietnam, making it one of the most talked-about markets in the Asia Pacific, as prices of hotels in the country are higher than their expectations, said Vo Quoc Phuong Trang, vice president real estate consultancy Jones Lang LaSalle (JLL) Hotels & Hospitality Asia Pacific. Vietnamese investors on the other hand prefer building new hotels and resorts, she added. "Domestic investors’ interest in hotel investments has been … [Read more...] about Hotel sector proves irresistible to investors

He said Vietnam is exporting garment-textiles to the US, the European Union (EU), Japan and the Republic of Korea. Apart from those traditional markets, Vietnamese firms are pushing exports to new markets such as China and Russia, with export turnover projected to exceed US$2 billion and about US$500 million in 2018 in each of the countries respectively. Most domestic garment-textile businesses have received orders for the second and third quarters of 2018, he added. The garment-textile sector has exported more than US$3 billion worth of yarn, nearly US$1 billion worth of fabric and US$400 million worth of garment accessories. Particularly, the fourth industrial revolution has changed the mindset of businesses in regards to technology investment, Giang said. Garment-textile companies have paid more attention to developing human resources and using technology to create quality products.  The selection of high value production segments helps such as Original Design … [Read more...] about FTAs help garment-textile firms diversify export markets

Speaking at a conference in Ho Chi Minh City on July 24, Nguyen Quoc Toan, the authority's director, said: “The domestic agro-forestry and fishery processing industry had an annual growth rate of 5-7 percent over the past 10 years, creating a system with total processing capacity of about 120 million tons of farm produce materials a year." The country is home to over 7,500 enterprises involved in agro, forestry and fishery processing on an industrial scale for export, besides tens of thousands of small-scale processing facilities serving the domestic market. “The processing industry has significantly increased the value of Vietnamese agricultural products, contributing to building a modern agricultural system,” Toan said. However, the industry's development has not been commensurate with its potential, he said. Shortcomings and bottlenecks in its value chain include the low level of processing technology, lack of diversity of processed products, and weak linkages … [Read more...] about Farm produce processing industry urged to tap potential