The leader further said there must be five more agricultural products that will earn US$1 billion from export by 2025, thus raising the total export value to US$50 billion, putting Vietnam at the top in ASEAN and the 10th globally. Reviewing the 2019 achievements, he hailed the sector for removing difficulties in the China, the US, Japan and other markets, as well as effectively fighting African swine fever. Minister of Industry and Trade Tran Tuan Anh lauded the ministries of industry and trade, and agriculture and rural development for bringing many Vietnamese farm produce to the world. He asked the two ministries to fine-tune policies to attract more investment, cut administrative procedures, and increase the supply of information for businesses, cooperatives and people. Minister of Agriculture and Rural Development Nguyen Xuan Cuong said the sector will continue restructuring agriculture in combination with renewing the growth model and building new-style rural areas. He … [Read more...] about Agriculture sector must grow by 3% next year: PM
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Fifthly, agricultural sector and related services. “The growth rate of the agricultural sector in 2019 is projected at a modest level, mainly due to difficult weather conditions. However, the expectation is that the next year would be better, taking the sector back to its growing path,” Linh said. Hanoitimes … [Read more...] about Which are the top 5 business areas in Vietnam in 2020?
Kien Giang (VNA) - Growing Tac Cau pineapple, a specialty fruit in southern Kien Giang province, under Vietnamese good agricultural practices (VietGAP), has offered high profits for farmers in Chau Thanh district’s Binh An commune. Ho Van Dao, who has grown the fruit under the VietGAP standards for one year, said he had harvested 6,000 pineapples per hectare per year compared to 4,500 pineapples per hectare a year in the previous years. VietGAP pineapples are bought at a higher price because they look better, he said. They sell for 7,000 -12,000 VND (0.3-0.52 USD) a fruit, which is 1,000-2,000 VND higher than pineapples planted under traditional farming methods. Farmers growing pineapples under the VietGAP standards earn a profit of nearly 50 million VND (2,160 USD) per hectare a year. Organic fertiliser, which improves soil fertility, helps to reduce labour costs spent for tending the fruit. Tac Cau pineapples have been planted in the Mekong Delta province for more than 70 … [Read more...] about Farmers earn high incomes from VietGAP pineapples
Trade liberalisation has provided a substantial boost for Vietnam’s economic growth. Trade openness, measured as the ratio of import plus export over GDP, has been rising steadily, reaching over 200 per cent last year, higher than most ASEAN countries except Singapore. The country has also proved to be one of the most attractive foreign direct investment (FDI) destinations in the region. FDI accounts for approximately 50 per cent of output and 70 per cent of exports in manufacturing. The share of FDI in gross investment has also risen from 14.9 per cent in 2007 to 23.4 per cent in 2018. … [Read more...] about New decade of growth built on diligent and smart work
The first container for the Lunar New Year at the port was the export shipment of Saigon Food, transported on WANHAI 231 vessel with a tonnage of 21,052 tonnes, from Tan Cang - Cat Lai Port to Port Kelang in Malaysia, in addition to goods from more than 139 enterprises of Ho Chi Minh City, mainly agricultural products and garments, to be sent to ports in Hong Kong (China), Japan and Taiwan (China). … [Read more...] about First tonne of coal exported on first day of Lunar New Year