Selling and buying sites

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Dalat farmers suffer losses as cymbidium blooms early The Saigon Times Daily Customers buy cymbidium. Early cymbidium bloom causes losses for farmers in Dalat - PHOTO: VIETNAMPLUS HCMC – Up to 70% of cymbidium grown in the Central Highlands city of Dalat in preparation for the upcoming Lunar New Year (Tet) holiday has blossomed ahead of schedule, resulting in heavy losses for local farmers, according to news site Vietnamplus . Dalat currently has some 35 hectares of cymbidium. Local farmers attributed the early bloom of the cymbidium to unfavorable weather conditions, particularly the large gap between daytime and nighttime temperatures. Although farmers had adopted measures to inhibit the early bloom of flowers, such as reducing the fertilizer, water supply and lighting, their efforts were in vain. Doan Van Quynh, owner of Quynh Anh flower garden in the city, said 70% of his 5,000 square meters of cymbidium has bloomed. He now has to sell each branch of … [Read more...] about Dalat farmers suffer losses as cymbidium blooms early

Greenback surges to new high The Saigon Times Daily A bank teller counts U.S. dollar notes. The greenback soared to VND23,450 today – PHOTO: VNA HCMC – Having raised U.S. dollar prices to over VND23,400 on Tuesday, local banks continued chasing up the greenback by some VND40 today to a record high of some VND23,450, the local media reported. Sacombank posted the dollar selling price at VND23,450, up some VND43 compared with the previous day. VietinBank raised the greenback selling price by VND15 to VND23,411. Meanwhile, both Vietcombank and Eximbank quoted their greenback price at VND23,420, up VND30 and VND40 against Tuesday, respectively. Most banks posted the buying price at VND23,300 for cash transactions and account transfers. Over the past five days, local banks have revised upward the dollar prices by some VND110, or 0.47%. Since the beginning of this year, the greenback has appreciated by VND165, equivalent to 0.7%. For the unofficial market, dollar … [Read more...] about Greenback surges to new high

U.S. dollar surges to nearly VND23,500 The Saigon Times Daily A staff at Eximbank handles U.S. dollar notes. The greenback continued appriciating against the dong on May 20 - PHOTO: THANH HOA HCMC – Local banks continued raising the U.S. dollar to a new high of nearly VND23,500 today, May 20, given the ongoing trade war between the United States and China, according to news site Nguoi Lao Dong Online. The State Bank of Vietnam announced the central reference rate between the dong and the greenback at VND23,069, up VND15 compared with last weekend. The rate has soared some 1.05% since the beginning of this year. Local banks posted different dollar prices, with Vietcombank quoting the highest selling price. The lender bought the greenback at VND23,375 and sold it at VND23,495, up VND45 against the end of last week. Meanwhile, Eximbank raised greenback prices by VND30 to VND23,380 and VND23,470 for buying and selling, respectively. Sacombank sold a dollar at … [Read more...] about U.S. dollar surges to nearly VND23,500

Viettel Post launches ecommerce, ride-hailing platforms By Van Ly Customers experience services offered on ecommerce site Voso.vn – PHOTO: VAN LY HANOI - Viettel Post Corporation, a subsidiary of military-run telecom giant Viettel Group, on July 1 launched ecommerce platform Voso.vn and a ride-hailing app called MyGo. The ecommerce website leverages the national network of delivery and postal services from Viettel Post to offer wide-ranging products to customers. Voso.vn was designed to encourage local farmers to put their farm produce up for sale on its platform and to enable consumers to buy local specialties directly from them. Apart from doing business on Voso.vn, partner sellers can collaborate with the ecommerce operator to display and sell their products at 6,000 facilities owned by Viettel Post across the country. Voso.vn pledged that customers will receive products that look exactly as advertised, as Viettel Post has an adequate team of 22,000 staff … [Read more...] about Viettel Post launches ecommerce, ride-hailing platforms

Market sees impressive rebound The Saigon Times Daily Two men sit in front of an electric board featuring stock prices. The VN-Index on the HCMC market bounced back on Thursday, closing at the intraday high of 967.7 points – PHOTO: VNA HCMC - Tens of bluechips on the southern and northern bourses made a substantial advance, contributing to the recovery of the local stock market, with VN-Index on the Hochiminh Stock Exchange closing today, September 12, at the intraday high of over 975 points. In the VN30 basket, up to 22 stocks inched up while only four stocks suffered losses. Similarly, among the top 30 large caps, as many as 20 stocks moved up and a mere six stocks slid. The simultaneous rise of the large caps buoyed the recovery of the VN-Index. The national flag carrier's stock HVN and technology firm FPT staged the best performance as they both gained over 4%. Also, insurer BVH, low-cost airline VJC, and steelmaker HPG rose over 2%, while bank stocks increased … [Read more...] about Market sees impressive rebound

HCM City seeks more green space amid rapid urbanisation Efforts needed to preserve wetlands Unconventional entrepreneur develops Việt Nam’s best-known co-working space Southern goodness, till the last bite, the last drop A comedian who made people cry Working hard: A man sorts and processes scraps in front of his house in the “scrap village” on Hoàng Cầu Street. — VNS Photo Khánh Dương By Khánh Dương HÀ NỘI — In a narrow alley on Hoàng Cầu Street in Đống Đa District, among a residential complex and multi-storey buildings, there is a row of shabby one-storey houses without address plaques. About 10 houses here were carelessly erected of wood. Pieces of canvas cover the low roofs and doors, making the houses more scruffy-looking. Passing these dark houses, nothing attracts more attention than big sacks filled with scraps, piled on the ground and stacked to the roof. This is where migrant scrap dealers have stayed and earned a living for more than 10 … [Read more...] about “Scrap villages” might explode in Hà Nội

Phạm Văn Tú. — Photo daidoanket.vn Viet Nam News NAM ĐỊNH — The police of northern Nam Định Province have arrested Phạm Văn Tú, 26, from central Hà Tĩnh Province, for illegally trafficking and trading four frozen tiger cubs. Tú admitted to the police he paid VNĐ2 million (US$90) to buy the frozen tiger cubs from a Laotian man at a market near the Việt Nam-Laos border. Tú was caught red-handed with the cubs, which he planned to sell for VNĐ8 million ($360) to a man he befriended on a social networking site. The police are investigating the case. — VNS The frozen tiger cubs are seized by the police. — Photo daidoanket.vn … [Read more...] about Nam Định police arrest wildlife trafficker

Tourists explore the nipa palm forest in Cẩm Thanh Commune, Hội An. — VNS Photo Công Thành Viet Nam News HỘI AN — With the number of street vendors increasing along with the exponential rise in popularity of Hoi An Town, the very factors that made it attractive – its pristine settings and quietness – are under threat. Authorities are now planning to take firm steps to restore some of the original tranquility of the town by “rearranging” street venders and reorganizing coracle services in Cẩm Thanh Village, touted as an eco-tourist destination. Nguyễn Văn Sơn, vice chairman of the city People’s Committee, said they started planning these moves last July and would start executing them this month. Sơn said street vendors selling snacks and souvenirs was part of the old image of Hội An Town, but their profusion was disturbing the quiet lifestyle of Hội An’s original traders. He said some illegal vendors were harassing tourists and charging very high prices, and creating … [Read more...] about Hội An to crackdown on street vendors, coracle services

The Bắc Qua street market. Many people still prefer buying food at these street markets rather than modern markets in the capital. - VNS Đoàn TÙng Viet Nam News HÀ NỘI — Modern markets were built in Hà Nội to make shopping more hygenic, pleasurable and convenient, putting many traders and merchants in a large, well-lit, air-conditioned space under one roof. Paradoxically, modern markets are often deserted, while street markets ( chợ cóc ) are always full of buyers and sellers. A report by the Lao động (Labour) newspaper describes the scene on a typical morning in the mordern market within the Hàng Da Trade Centre in the capital’s central Hoàn Kiếm District, with only a few kiosks open although it was 11 am. A trader there told the reporter that other traders had moved elsewhere to do business, and she only stayed because she provides food for several local restaurants. The same situation was recorded in Chợ Mơ Trade Centre in Trương Định Ward of Hai Bà Trưng District. … [Read more...] about Hà Nội’s flourishing street market economy