Across this village south of Hanoi, otherwise drab patches of ground blaze with color as bundles of magenta-tipped incense sticks are left to dry in the sun before being distributed across Vietnam and to other parts of the world.
Do Thi Oanh, 37, a resident of Quang Phu Cau, recalls from childhood being involved in making incense sticks that are burned in Vietnam during prayers to ancestors or in festivals as well as in cultural and religious rituals around the world.
Now, she is worried about the future of the trade after India imposed curbs on imports and with the added impact of the pandemic and a new wave of infections since last month after the coronavirus had been largely been contained for months.
Photo: Reuters
“We have been producing incense sticks for many generations in this village, but I’m afraid many of us will have to shut down our businesses due to weaker demand,” Oanh said.
Her family business used to export around 15 containers of incense sticks to India a month, but this had fallen to five to six containers after import curbs, she said.
“The coronavirus has also hurt domestic incense consumption a little bit, but demand has picked up ahead of the Lunar New Year,” Oanh said, speaking just before the holidays, known as “Tet” in Vietnam.
Photo: Reuters
Once a cottage industry, most producers in the village now use machines to cut the bamboo used for incense sticks, with the industry providing an income for nearly 3,000 households. The fingers of workers are often stained red by the dye used on the incense sticks.
In 2013, Oanh and her husband opened a workshop to make incense sticks and later borrowed about US$70,000 from the bank to grow their business.
However, when the pandemic started she had to halve her workforce to 10 and cut their hours, before resuming normal operations when orders for the Lunar New Year emerged.
“In the business, there will be up and down times... I can’t do anything but try to figure any way around it,” Oanh said.
Taiwan’s exports soared 56 percent year-on-year to an all-time high of US$64.05 billion last month, propelled by surging global demand for artificial intelligence (AI), high-performance computing and cloud service infrastructure, the Ministry of Finance said yesterday. Department of Statistics Director-General Beatrice Tsai (蔡美娜) called the figure an unexpected upside surprise, citing a wave of technology orders from overseas customers alongside the usual year-end shopping season for technology products. Growth is likely to remain strong this month, she said, projecting a 40 percent to 45 percent expansion on an annual basis. The outperformance could prompt the Directorate-General of Budget, Accounting and
The demise of the coal industry left the US’ Appalachian region in tatters, with lost jobs, spoiled water and countless kilometers of abandoned underground mines. Now entrepreneurs are eyeing the rural region with ambitious visions to rebuild its economy by converting old mines into solar power systems and data centers that could help fuel the increasing power demands of the artificial intelligence (AI) boom. One such project is underway by a non-profit team calling itself Energy DELTA (Discovery, Education, Learning and Technology Accelerator) Lab, which is looking to develop energy sources on about 26,305 hectares of old coal land in
Netflix on Friday faced fierce criticism over its blockbuster deal to acquire Warner Bros Discovery. The streaming giant is already viewed as a pariah in some Hollywood circles, largely due to its reluctance to release content in theaters and its disruption of traditional industry practices. As Netflix emerged as the likely winning bidder for Warner Bros — the studio behind Casablanca, the Harry Potter movies and Friends — Hollywood’s elite launched an aggressive campaign against the acquisition. Titanic director James Cameron called the buyout a “disaster,” while a group of prominent producers are lobbying US Congress to oppose the deal,
Two Chinese chipmakers are attracting strong retail investor demand, buoyed by industry peer Moore Threads Technology Co’s (摩爾線程) stellar debut. The retail portion of MetaX Integrated Circuits (Shanghai) Co’s (上海沐曦) upcoming initial public offering (IPO) was 2,986 times oversubscribed on Friday, according to a filing. Meanwhile, Beijing Onmicro Electronics Co (北京昂瑞微), which makes radio frequency chips, was 2,899 times oversubscribed on Friday, its filing showed. The bids coincided with Moore Threads’ trading debut, which surged 425 percent on Friday after raising 8 billion yuan (US$1.13 billion) on bets that the company could emerge as a viable local competitor to Nvidia