Agriculture sector

World Bank Country Director for Vietnam Ousmane Dione addresses the meeting in Hanoi on December 5 (Photo: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development (MARD) held a meeting in Hanoi on December 5 to discuss ways to sustainably develop raw material areas and improve processing capacity and market access for agro-products of Vietnam. MARD Minister Nguyen Xuan Cuong said though the agricultural sector of Vietnam has obtained major achievements, it cannot rest on its laurels due to three challenges, which are the small production scale, climate change impacts and economic integration into the world. He admitted that the country has good agricultural production capacity but the production remains ineffective due to the small scale. Besides, deep processing has just developed for only some commodities like shrimp, tra fish and milk to create products with higher added value. Most of other agricultural products have very short value chains. Vietnamese … [Read more...] about Meeting talks sustainable development of agricultural material areas

  A tea plantation area in northern Thái Nguyên Province’s Đồng Hỷ District. The plantation receives the National Fund for Tea Planting to expand production. — VNA/VNS Photo Minh Quyết HÀ NỘI — Despite having gained access to nearly 200 countries and territories with an annual turnover of US$40 billion, Việt Nam still struggled to sustainably expand and develop markets for its agricultural commodities in harsh conditions. Minister of Agriculture and Rural Development Nguyễn Xuân Cường pointed out the country’s disadvantages in increasing consumption of its agricultural products at the International Support Group Plenary Meeting 2019 in Hà Nội yesterday. According to Cường, Việt Nam’s agriculture does not have effective productivity as most of farms are small in size, exposing the sector to threats of loss and crop failure, especially under the … [Read more...] about Developing raw material areas essential for Việt Nam’s agricultural growth

Phu Yen envisages to count $200 million in total export value in 2020 The province determined that 2020 will be a decisive year in fulfilling its five-year socio-economic development plan for 2016-2020 and creating motivation for 2021-2025. Next year will also mark major political events, such as the 17th provincial Party Congress and the 13th National Party Congress, as well as celebration activities of Phu Yen's 45th year since liberation. Leveraging comprehensive assessments of the advantages and disadvantages the province would face in the forthcoming year, Phu Yen People's Committee has set up key targets: 8.35 per cent growth in the province's gross regional domestic product (GRDP), in which agriculture, forestry, and fisheries will see 3.5 per cent growth; industry and construction 13.2 per cent, and services 7.5 per cent. Phu Yen envisages reaching $200 million in total export value, VND9 trillion ($391.3 million) in total budgetary revenue, and VND22.3 trillion ($969.57 … [Read more...] about Phu Yen targets $400 million budgetary revenue in 2020

  Minister of Industry and Trade Tran Tuan Anh (Source: VNA) Hanoi (VNA) - The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) Agreement would be a vital deal in utilising free trade and ensuring sustainable development in Vietnam, said Minister of Industry and Trade Tran Tuan Anh. Therefore, economic sectors should prepare and take the initiative in economic restructuring in order to maximise the pact, which is scheduled to be inked in Chile on March 8 (local time) by ministers from its 11 member countries, Anh told the Vietnam News Agency (VNA). The minister said such sectors as garment-textiles, footwear, food processing, beverage, confectionery, tobacco, wine and beer will benefit most from the deal. He cited a research jointly conducted by the World Bank (WB) and the research institute under the Ministry of Planning and Investment as saying that Vietnam’s GDP would be 1.1 percent higher in 2030 thanks to the CPTPP. Like other member … [Read more...] about Minister: CPTPP vital to sustainable development in Vietnam