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Dragon fruit cultivation in Long An province (Photo: VNA) HCM City (VNS/VNA) - Farming households in the Cuu Long (Mekong) Delta need to apply high-tech practices to develop value-added agricultural products that can enter global value chains, Le Minh Hoan, deputy minister of Agriculture and Rural Development, has said. Hoan said it was vital to offer incentives and loans to farmers who use sustainable and climate-friendly production processes. Millions of small-scale farming households , which are the most critically affected by climate change, need access to innovative technologies and practices as well as market information. The COVID-19 pandemic has disrupted global supply chains, posing risks to farmers and exporters of farm produce. The most affected products have been fresh fruits, vegetables and aquatic products, according to the Vietnam Academy of Agricultural Sciences. To cope with the outbreak, major firms including the Loc Troi Group, Vingroup, PAN Group … [Read more...] about Farmers urged to use high-tech practices to enter global value chains

The Hanoitimes - The airport, located 40km east of Ho Chi Minh City, plays a vital role in socio- economic development and national defence and security. Vietnam Airlines Group plans to invest VND9.9 trillion (nearly US$430 million) in Long Thanh International Airport in the southern province of Dong Nai. Vietnam Airlines plans to invest nearly US$430 million in Long Thanh International Airport. Photo: ACV The plan has been submitted to the Ministries of Transport, Planning and Investment and the Commission for the Management of State Capital at Enterprises. Dang Ngoc Hoa, Chairman of Vietnam Airlines Group said that, in the development strategy for 2021-30, the company and its member units give priority to allocating maximum resources to participate in the construction and operation of infrastructure at the Long Thanh Airport, providing synchronous services for its activities and other carriers. Vietnam Airlines plans to invest in the supply of … [Read more...] about Vietnam Airlines to invest US$430 million in Long Thanh Airport

The Hanoitimes - Under the revised regulation, local oil and petrol traders are now allowed to transfer their stakes to foreign investors but foreign ownership should not exceed 35%. Vietnam’s Ministry of Industry and Trade (MoIT) has proposed the government to allow foreign investors to join the local petroleum retail market, local media reported. Vietnam trade ministry proposes opening the petroleum market for foreign enterprises. The move is part of the revised version of the government's Decree No.83 on petrol and oil trading, which has been submitted to the government for approval. Under the revised regulation, local oil and petrol traders are now allowed to transfer their stakes to foreign investors but foreign ownership should not exceed 35%. According to the MoIT, the timing of opening the market for foreign investors has been considered thoroughly, particularly as petroleum products are strategic that directly affect national energy security. … [Read more...] about Vietnam trade ministry proposes opening petroleum retail market for foreign firms

The Hanoitimes - In this year's state budget plan, revenue from crude oil is predicted at VND35.2 trillion (US$1.5 billion), accounting for 2.3% of the total. As revenue from crude oil only accounts for 3% of Vietnam's state budget collection, a sharp decline in global oil prices has little effect on the country’s revenue, according to Vo Thanh Hung, director general of the State Budget Department under the Ministry of Finance (MoF). Vo Thanh Hung, director general of the State Budget Department under the Ministry of Finance (MoF). Source: MoF. However, as the state budget plan is based on oil prices projected at US$60 per barrel, a plunge in oil prices would no doubt negatively affect budget revenue, said Hung. According to the official Hung, there has been a significant change in Vietnam’s structure of budget revenue. While revenue from crude oil accounted for 13% of total budget revenue in the 2011 – 2015 period, the rate fell to 4% in 2016 – 2018 and … [Read more...] about Global oil crash exerts little impact on Vietnam’s budget revenue

Paramount+ is the latest entrant into the 'streaming wars,' with ViacomCBS set to rebrand and expand CBS All Access to compete with streaming services from other entertainment giants like HBO Max (from WarnerMedia) and Peacock (NBCUniversal). The streaming service, coming in March, has announced dozens of new shows that will be coming to the streamer in the upcoming months and years. As has become standard with these streaming services, Paramount+ is making the most of ViacomCBS's extensive intellectual property with a whole host of reboots, sequels and spin-offs. These range from the seemingly inevitable (a Frasier reboot, two spin-offs from the world of Yellowstone ) to the bizarre (series based on Grease and Flashdance , and a reality show bringing back together all the contestants from the original Real World). All the shows announced by Paramount+ 48 Hours Original: The Lie Detector : A true-crime docuseries in which a Texas Ranger takes viewers … [Read more...] about All the Shows Announced by Paramount+: ‘Halo,’ ‘Frasier’ Reboot and Much More