As millions go hungry, India eyes ways to stop wasting $14 billion of food a year

Among Viet Nam's key export items to the market are agricultural goods, wood and wooden goods, chemicals, seafood, textile and garment and handicrafts.— File Photo HA GIANG  (VNS) —  Trade co-operation has become an important mainstay in the Viet Nam – India bilateral relationship, with both being fast-growing economies in Asia.The statement was made by first secretary of the Indian Embassy in Viet Nam John H. Ruolngul at a conference in northern Ha Giang Province on Thursday.He said that Viet Nam was regarded as an important pillar in India's "Look East" Policy and its government has always attached great importance…... [read more]

Overseas remittances to HCM City is expected to total US$5.2 billion this year - Photo: internet According to Nguyen Hoang Minh, Deputy Director of the SBV’s branch in HCM City, the flows of remittances to HCM City have remained stable and increased monthly since the beginning of this year, reaching US$600 million in October and US$650 million in November. Theo Vietnamplus... [read more]

One-stop customs mechanism planned by year-endChi Thinh By Chi Thinh - The Saigon Times Daily HCMC – National Single Window, a one-stop customs mechanism, is expected to get into full swing in December this year as part of the Government’s moves to simplify customs procedures for enterprises. As scheduled, the ministries of Finance and Transport will prepare for the one-stop customs mechanism to come online this November. In the initial stage, only certain registration procedures for ship arrivals and departures will be applied. The electronic administrative system will be connected to the ministries of Finance, Transport, and Industry-Trade in the…... [read more]

Former Prime Minister Nguyen Tan Dung approved public procurement on a lump sum basis in November 2011. Under the regulation, Vietnamese ministries, state agencies and provincial departments are responsible for purchasing property as well as equipment on bulk scale and distribute it to local divisions.After a four-year trial, the country saved as much as VND500 billion (nearly $22.5 million).The former PM decided to officially apply the new form of public procurement on a national scale at the end of February this year.Nguyen Tan Thinh, deputy director of the Department of Public Property Management under the ministry, said at a meeting…... [read more]

HÀ NỘI — Việt Nam’s exports are expected to reach more than US$212 billion for the first time this year, much higher than the $176 billion recorded last year, said Dương Duy Hưng, head of the Ministry of Industry and Trade (MoIT)’s Planning Department. The country is forecast to post a trade surplus of $3 billion this year, contributing to stabilising the macro-economy, curbing inflation and achieving all 13 socio-economic targets set by the Government. The growth is mostly attributable to agro-forestry-fisheries, trade, services, manufacturing and restructuring of State-owned enterprises. Meanwhile, the ministry said the industrial production index (IIP) has exceeded…... [read more]

The increase in the industrial production index will also contribute to gross domestic product growth of 6.7% this year.  Statistics from the MoIT showed that as of December 19, 2017, Vietnam’s export-import revenue hit a record US$400 billion compared to US$100 billion a decade ago.  Tran Thanh Hai, deputy head of the MoIT’s Import-Export Agency, said with the enforcement of free trade agreements with the Republic of Korea, the Eurasian Customs Union, ASEAN and the Regional Comprehensive Economic Partnership two years ago, Vietnam’s exports-imports have grown rapidly to US$400 billion this year from US$300 billion in 2015.  Vietnam now has…... [read more]

Vietnam expects to earn more than USD 212 billion from exports this year. Photo for illustration: DDDN The increase in the industrialproduction index will also contribute to gross domestic product growth of 6.7percent this year. Statistics from the MoIT showed thatas of December 19, 2017, Vietnam’sexport-import revenue hit a record USD 400 billion compared to USD100 billion a decade ago. Tran Thanh Hai, Deputy Head of theMoIT’s Import-Export Agency, said with the enforcement of free trade agreementswith the Republic of Korea, the Eurasian Customs Union, ASEAN and theRegional Comprehensive Economic Partnership two years ago, Vietnam’s exports-imports havegrown rapidly to USD…... [read more]

HA NOI (Biz Hub)— Two-way trade between India and Viet Nam is forecast to hit US$5 billion this year.According to Nguyen Son Ha, Vietnamese trade counsellor in India, buying and selling between the two countries has seen strong growth in recent years and a $7 billion target has been set for 2015Statistics show that in the first six months of this year, bilateral trade hit $2.592 billion, representing an increase of 40.3 per cent over the same period last year – the fastest growth rate ever recorded.Exports from Viet Nam to India in the year's first half soared by 53.7…... [read more]

Pfizer Inc (PFE.N), beating out numerous other bidders, said it agreed to buy U.S. cancer drug company Medivation Inc (MDVN.O) for $14 billion in cash, adding its blockbuster prostate cancer drug Xtandi to the company's growing oncology roster. Medivation shares jumped nearly 20 percent to close at $80.42, just shy of the offer price of $81.50 per share. Shares of Pfizer, the largest U.S. drugmaker, were down 0.4 percent at $34.84. The offer is a 55-percent premium to Sanofi SA's (SASY.PA) initial bid to buy Medivation for $52.50 per share in April, which pushed the San Francisco-based company to put…... [read more]

Pakistan\'s worst floods in decades have left millions hungry, the United Nations said on Monday, while parts of the south were on high alert for rising waters that could further tax aid groups. Locals walk on a flooded road in Pakistan\'s Muzaffargarh dis Reuters – Locals walk on a flooded road in Pakistan\'s Muzaffargarh district of Punjab province August 22, 2010. … "We cannot talk about starvation yet but I think we can talk about millions of people being hungry," Maurizio Giuliano, the U.N. humanitarian spokesman, told Reuters.... [read more]