HCM City Looks to Expand Ornamental Fish Industry

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HCM City looks to expand ornamental fish industry

Solutions to develop the ornamental fish industry in HCM City were discussed at a recent workshop held by the municipal Department of Agriculture and Rural Development.

With nearly 300 production establishments turning out around 120 million fish worth 500 billion VND (22.5 million USD) in 2015, HCM City is the industry’s centre, according to Huynh Thi Kim Cuc, deputy director of the department.

The same year, the city exported 13 million ornamental fish to 50 countries and territories, earning 12 million USD. The European market accounts for 70 percent of the sector’s export volume.

The industry has set the goal of producing between…

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Ministry encourages focus on agricultural machinery

Automation and mechanisation in rice and vegetable production in the Mekong Delta is expected to sharply reduce losses and increase value, the Agriculture and Rural Development Ministry has said.

The losses in rice production stand at 5-6 percent (3 million tonnes a year or 760 million USD), according to the ministry’s Department for Agro-Forestry-Fisheries Product Processing and Salt Production.

“If the proportion falls to around 3 percent, farmers’ incomes could rise to 1 million VND (45 USD) per hectare,” a representative of the department said.

Automation and mechanisation in…

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Plant a tree to stay for free at Da Lat wood cabin

The house has room for dozens of tourists to stay for free, and all you have to do is plant a tree.

The wooden house nestled among pine trees on top of a small hill in Da Lat belongs to a man from Ho Chi Minh City who opened it to treat travel lovers like him. The New York Times in January named the Central Highlands resort town among the 52 places to go in 2016, calling it “a cool alternative to the usual steamy Vietnamese destination”…

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Sun Life Financial acquires PVI Sun Life

Sun Life Financial Inc (Sun Life) late last week announced the completion of the acquisition of the remaining 25 percent of charter capital of PVI Sun Life Insurance Company Limited (PVI Sun Life) from PVI Holdings following regulatory approval.

The transaction was previously announced on August 29, 2016.

In addition, Sun Life announced the renaming of PVI Sun Life to Sun Life Vietnam Insurance Company Limited (Sun Life Vietnam) to reflect its new status as a wholly owned subsidiary of Sun Life.

The company said this transaction would help them boost Sun Life’s momentum in Vietnam.

Since it was launched in…

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Head Photo by: Bernard Spragg. NZ

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