Agriculture: new engine for growth Two weeks ago, Minister of Agriculture and Rural Development Nguyen Xuan Cuong worked with Paul Jansen, Belgium’s Ambassador to Vietnam, and Marc Stordiau, chairman of Asian Infrastructure Engineering and Investment, a sister company of the investment group Rent-A-Port, on a project to produce and export safe fruit and vegetables to Europe and the Middle East. Stordiau suggested co-operation with the Ministry of Agriculture and Rural Development (MARD) to establish a team to undertake the task. High-tech production would be the responsibility of the Vietnamese side, whilst the Belgian side would be in charge of buying products, transportation, and logistics. Rent-A-Port currently has two partners from Belgium and the Netherlands who are interested in joining the project. Stordiau also asked Cuong to allow his group to study a venture to transport fruit and vegetables from the Mekong Delta region to Europe and the Middle East. The minister … [Read more...] about Agriculture: new engine for growth
Agricultural investment funds for developing countries
Investors met with Deputy Prime Minister Vuong Dinh Hue (right) at Vietnam M&A Forum 2018 with the focus of discussing the future growth of Vietnam’s M&A market, Photo: Le Toan Choosing the right investors At last week’s Vietnam M&A Forum 2018 in Ho Chi Minh City, senior officials, experts, businesses, and investors discussed the future growth of Vietnam’s mergers and acquisitions (M&A) market. After 10 years of booming M&A activities in the country and 30 years of foreign direct investment attraction, many believe that now is the time for Vietnam to map out a plan for the next phase of growth. According to Minister of Planning and Investment Nguyen Chi Dung, in the new era, Vietnam will become much more selective about M&A inflows from overseas. Specifically, foreign investors should be willing to help with Vietnam’s environmental preservation plans and protecting Vietnam’s natural resources. “We’d like to attract … [Read more...] about Plan for new era fosters M&A market
Emerging Asia, which covers India, China, and Southeast Asia, will be revelling in an economic growth rate of 6.3 percent annually from 2018 to 2022, according to the Organization for Economic Co-operation and Development. But there’s a hitch: Asia is also waist-deep in alarming projections of deaths, damages to livelihoods and properties, and worsening inequality because of disasters and climate change. Asia’s robust economic growth is not underwritten. The latest assessment report from the Intergovernmental Panel on Climate Change, the world’s largest scientific body formed to study climate change, found that “People living in low-lying coastal zones and floodplains are probably most at risk from climate change impacts in Asia. Half of Asia’s urban population lives in these areas. Compounding the risk for coastal communities, Asia has more than 90 percent of the global population exposed to tropical cyclones.” Poverty and inequality in … [Read more...] about Asia: Rising economic star or poster child for disaster?
Viet Nam News by Hoàng Nguyên TRÀ VINH – On his 2,000sq m vegetable farm in Trà Vinh Province, Thạch Bảy was working to the tune of a revolutionary song playing on his old mobile phone. He was watering baby lettuce that had been planted a week ago on his farm in sleepy An Quảng Hữu commune Trà Cú District. “I love music. I usually listen to music while I’m working,” the 60-year-old said as he took out his phone from his front pocket. He and his wife, who grow lettuce, choy sum and Vietnamese spinach on their farm, once earned around VNĐ150,000 (US$7) per day from selling vegetables. Now, however, during the peak harvest season, he makes double that amount (VNĐ300,000) per day, thanks to a new automatic sprinkler system, which has saved irrigation water and reduced the number of working hours. “My work now can be done more quickly and easily. Before the sprinkler was installed, … [Read more...] about New automatic sprinklers a boon for Trà Vinh veggie, peanut farmers
Livestock waste has become a grave problem for Vietnam (Source: Ministry of Agriculture and Rural Development) Hanoi, (VNA) - Vietnam has carried out a number of international cooperation programmes on animal waste treatment (with FAO, the Netherlands, Denmark, France, Belgium ...), with a noteworthy example being the Low Carbon Agricultural Support Project under the Ministry of Agriculture and Rural Development (MARD). The project, using loans from the Asian Development Bank (ADB) and aiming to seek a comprehensive solution for livestock waste disposal, is receiving strong support from farmers throughout the country. Livestock waste, a new problem for Vietnam In recent years, thanks to the Doi Moi (renewal) policy, agriculture has recorded a high growth rate, contributing remarkably to the socio-economic development of the country. However, such a rapid development has also given rise to environmental concerns, particularly those related to farm-scale and household-based … [Read more...] about International support for Vietnam in livestock waste treatment