Leading pangasius exporter: 800 tonnes per day.

Until 2010, shareholders may receive 30 per cent dividend yearly.

Leading exporter of tra and basa pangasius Hung Vuong Corporation will get on the board of the HCM Stock Exchange next Wednesday with a reference price of VND 55,000 (USD 3.03).

Headquartered in Tien Giang Province, the firm specialises in the aquaculture, seafood processing, animal food production, cold storage and real estate sectors. It operates seven facilities in the Tien Giang, Vinh Long and Soc Trang provinces with a combined processing capacity of 800 tonnes daily.

The London Stock Exchange welcomes Tata Steel Limited, one of the top steel producing firms in the world.

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Welcome stories
27 July 2009
27/07/2009 The London Stock Exchange welcomes Tata Steel Limited, one of the top steel producing firms in the world.

The London Stock Exchange welcomes Tata Steel Limited, one of the top steel producing firms in the world. Tata Steel has listed on the Professional Securities Market of the London Stock Exchange 65,410,589 GDRs raising an aggregate amount of US$500 million in one of the largest ever Indian GDR issues to be listed on the London Stock Exchange. The Company has a market cap of US$8.1 Billion as of 24th July 2009 and intends to use the proceeds of the issue for capital expenditure, acquisitions and general corporate purposes including working capital. Commenting on the equity raising, Mr B Muthuraman, Managing Director, Tata Steel Limited said, "The equity raising exercise and the listing on the London Stock Exchange marks a significant milestone in the company's capital raising journey and demonstrates the investors interest in the Company's strategic direction".
Citigroup Global Markets Limited, Goldman Sachs International, J.P. Morgan Securities Limited and UBS Limited acted as Joint lead Managers and Joint Bookrunners to the issue

First đồng

In 1978, the State Bank of Vietnam (Ngân hàng Nhà nước Việt Nam) introduced notes in denominations of 5 hào, 1, 5, 10, 20 and 50 đồng dated 1976. In 1980, 2 and 10 đồng notes were added, followed by 30 and 100 đồng notes in 1981.

[edit] Second đồng

In 1985, notes were introduced in denominations of 5 hào, 1, 2, 5, 10, 20, 30, 50, 100 and 500 đồng. As inflation took hold, these first banknotes were followed by 200, 1000, 2000 and 5000 đồng notes in 1987, 10,000 and 50,000 đồng in 1990, 20,000 đồng in 1991, 100,000 đồng in 1994, 500,000 đồng in 2003 and 200,000 đồng in 2006.

There have been five banknote series. Except for the current 2003 series, all previous series were rather confusing and did not have a unified design theme. The first table below shows the latest banknotes prior to the 2003 series, 100 đồng or higher.

On June 7, 2007, the government ordered cessation of the issuance of the cotton 50,000 and 100,000₫ notes. They were taken out of circulation by September 1, 2007.[4]

1 đồng 1976 [edit] First đồng

In 1978, aluminium coins (dated 1976), were introduced in denominations of 1, 2 and 5 hào and 1 đồng. Due to chronic inflation, no coins circulated for many years.

[edit] Second đồng [edit] Commemorative Issues Commemorative 10 đồng 1989

Commemorative coins in copper, brass, copper-nickel, silver and gold were issued from 1986 till today, however, these coins have never been in circulation

[edit] 2003 Issue The State Bank of Vietnam resumed issuing coins on December 17, 2003.[2] The new coins, minted by the Mint of Finland, were in denominations of 200, 500, 1000, 2000 and 5000 đồng. Before that, Vietnamese had to exchange banknotes for tokens with a clerk before purchasing goods from vending machines. Many residents expressed excitement of seeing coins again after many years, as well as concern for the

It is one thing to have an aquaculture farm to raise catfish, but that Viet Nam is also depleting its own natural resource from overfishing. 

While it's understandable that a poor country like VN needs to generate revenues, but that the buyers should also set conditions, which would force the authority to protect its own ecology as well. 

800 tonnes per day?
Awesome!
Is it possible?

Great job, great story!

Great story, rich and beautiful work!

The farming of pangasius - mainly tra (Pangasianodon hypophthalmus) and basa (Pangasius bocourti) - is one of the fastest growing types of aquaculture in the world. In Vietnam, where 90 percent of pangasius farming occurs, 1.1 million tons of pangasius were produced in 2008 - a goal the country had set for 2010. Global production of pangasius was just 10,000 tons in 1995.

The growth in pangasius aquaculture is driven, in large part, by the dramatic increased demand for tra and basa in the marketplace. Pangasius is sold to more than 130 countries globally, mainly in the form of white filets. The United States used to be the major market for tra and basa but that has changed over the past few years, as the United States' share of exported pangasius has decreased from 80 percent to 4 percent. European Union countries now dominate the export market, with a share of 35 percent.

Main issues related to pangasius aquaculture

The rapid growth of the pangasius aquaculture industry has raised a number of environmental and social concerns. Eight key issues were identified during the first meeting of the Pangasius Aquaculture Dialogue:

   1. Legal - Farms are sometimes constructed and/or operated outside the legal framework for addressing environmental, social and food safety issues of relevance to the area where the farming occurs

   2. Land use and water use - As new farms are established, sensitive habitat can be destroyed and water often is diverted, which can affect other water users and the environment

   3. Water pollution and waste management - Excess waste can pollute the water and negatively affect plant and animal habitat

   4. Genetics and biodiversity - Pangasius that escape from aquaculture facilities may compete with wild fish and affect ecosystems, especially in areas where pangasius is not yet established

   5. Feed management - Use of fishmeal, fish oil and trash-fish as pangasius feed is resulting in depletion of food sources that other fish rely on. Also, feeding trash-fish to pangasius can cause unsustainable harvesting and water pollution

   6. Health management, veterinary medicines and chemicals - Pangasius farms are prone to health problems that can impact farmed and wild stocks. Also, the inappropriate use of veterinary medicines and chemicals can have unintended consequences on the environment and human health, such as antibiotic resistance and unsafe products.

   7. Social responsibility/user conflicts - Large numbers of workers are employed on pangasius farms and in processing plants, placing labor practices and worker rights under public scrutiny. Also, conflicts can arise among users of the shared resources

Our solution

WWF's primary approach to minimizing the main issues associated with pangasius aquaculture is to develop measurable, performance-based standards for certifying pangasius aquaculture producers. This process began in September 2007 in Vietnam when the first meeting of the Pangasius Aquaculture Dialogue was held. The Dialogue includes more than 400 pangasius farmers, processors, exporters, traders, retailers, feed and chemical manufacturers, seed suppliers, government agency representatives, nongovernmental organizations, researchers and others. WWF coordinates the Dialogue but has an equal voice in the process.

At the inaugural meeting, Dialogue participants identified the seven key negative environmental and social issues (summarized above) to address. Draft principles, criteria, indicators and standards were developed by Technical Working Groups that began meeting in the spring of 2008. The first draft of principles, criteria, indicators and standards was posted in April for the first of two 60-day public comment periods. Feedback received during that period was discussed at the last meeting of the Dialogue, held in August in Vietnam, and used to revise the document. The second draft of the standards document was posted for public comment on November 20, 2009. Please give us your feedback by January 20, 2010. The standards are expected to be finalized during the first quarter of 2010.

When finalized, the standards will be given to a new organization, to be co-founded by WWF, that will be responsible for working with independent, third party entities to certify farms that are in compliance with the standards. Click here for more information about this organization.

Principles Dialogue participants have identified guiding principles -- high level goals -- for each of the eight issues associated with pangasius farming.The principles will provide the framework for the criteria, indicators and standards for responsible pangasius farming. The criteria will aim to provide direction on how to reduce each impact and the indicators will address how to measure the extent of each impact. Standards will be quantitative performance levels that evaluate whether a principle is achieved.

The principles associated with each issue are:

1. Locate and operate farms within established national and legal framework
2. Farms must be located, designed, constructed and managed to minimize negative impacts on other users and the environment
3. Minimize negative impacts on water resources
4. Minimize impacts on the genetic integrity of local pangasius production
5. Use feed and feeding practices that make efficient use of available feed resources and minimize waste
6. Implement farm management measures to maximize fish health
7. Ensure food safety and quality while minimizing the impact to the ecosystem and human health
8. Develop and operate farms in a socially responsible manner that contributes effectively to rural development and, particularly, poverty alleviation