VIET NAM - The National TET holiday for the Lunar New Year officially seems to last about 10 days from February 4th to February 14th. However, the business was slowed down a week before and after the official holidays. Many company internal business meetings will take place after the New Year holiday to make their plans for the coming year, write Paul Anderson and Meggie Vo.
HÀ NỘI (VNS) — The local market has seen some of the most attractive shares offered in initial public offerings (IPOs) in March. Since the beginning of this year, 20 local companies have launched their IPOs. In particular, the shares of well-known companies with good growth potential, such as the Viet Nam Meat Industries Limited Company (Vissan) and Cholimex in the food industry, attracted many investors on the HCM Stock Exchange (HoSE).
Coffee production, concentrated in just a handful of countries around the world, is feeling the squeeze of increasingly erratic weather patterns. Colombia, Vietnam, and parts of Brazil—among other coffee producers from Africa to Asia—have had dry weather since late last year, and in some instances the worst drought in decades, largely thanks to the weather phenomenon known as El Niño, which causes ocean temperatures to rise and upends weather patterns around the world. Although El Niño is expected to peter out in the first half of this year, the damage to coffee crops is just beginning to be quantified.
Vietnam's domestic coffee sales have picked up on higher prices, boosted by foreign buying demand and possible damage from dry weather, but the price gain could be short-lived, traders said on Tuesday. May robusta coffee settled up 3.4 percent at $1,413 per tonne on Monday, gaining for a second day in a row. The increase raised robustas to 30,900-31,200 dong ($1.39-$1.40) per kg in Daklak, Vietnam's top growing province, from 30,700-31,100 a week ago, leading to more purchases by Vietnamese firms.
Although domestic dairy products supply only a small proportion of demand in Vietnam, cow farmers in the southern region still cannot sell their milk to dairy companies and face severe hardship unless something is done to reduce the price of domestic milk. About 800 households raising cows in Cu Chi District, Ho Chi Minh City are unable to sell their milk to dairy firms as no trading contracts have been signed between them. This happens despite a recent statement by Dinh La Thang, Secretary of the Ho Chi Minh City Party Committee, encouraging dairy farmers to do so.
HA NOI (VNS) — Food prices began returning to normal on Sunday, the seventh day of the Lunar New Year, at markets in Ha Noi, due to abundant supply. A bundle of water dropwort cost VND15,000 (60 US cents), just a half from its price during Tet while the price of carp fell from VND130,000 ($5.8) during Tet to VND100,000 ($4.4) a kilo after Tet.
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November 22, 2021
Type: Wholesaling Meat
November 22, 2021
Type: Wholesaling Meat
November 22, 2021
Type: Wholesaling Meat
November 19, 2021
Type:
November 19, 2021
Type: Exporting Cashew
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