Environmental factors affecting agricultural production

Jakarta (VNA) – Indonesian President Joko Widodo said on January 27 that the country is in need of investments that could generate jobs and competitive products in the global market, and it will prioritise environmentally friendly projects to create enduring values. As Indonesia possesses abundant natural resources, and has opportunities to develop industries such as processing and production, the nation should have a good response to the green economy – an evitable trend in the future which helps reduce environmental risks, and improve the efficiency of the use of natural resources. According to the leader, green products and low-carbon emission economy will be the main resources for the country’s development. Currently, Indonesia is joining the global value chain for the development of a green economy. He noted that the COVID-19 has promoted the green and digital transitions of the global economy, holding developing green economy helps countries worldwide … [Read more...] about Indonesia prioritises environmentally friendly projects

The forestry sector saw a trade surplus of $10.5 billion, out of the total export surplus of $19.95 billion of all export commodities last year. These results are the highest export turnover and export surplus of the sector in history. This year, the forestry sector sets an export target of $14 billion and revenue of VND2.8 trillion from forest environmental services. It aims to plant 230,000 hectares of concentrated forests, consisting of protection, special-use, and production forests. It will also zone 150,000 hectares of forests for regeneration and grow 200 million scattered trees and 1 billion trees in the whole 2021-2025 period. … [Read more...] about Forest, wooden products post record-high trade surplus

In 2019, Vietnam was the 38th most affected economy by climate change, according to the index. The nation was hit by eight tropical storms and four tropical depressions in 2019 that caused economic losses worth VND7 trillion ($302.6 million), Vietnam's Ministry of Agriculture and Rural Development reports. … [Read more...] about Vietnam among economies most impacted by climate change: report

At the moment, we still focus more on small and mid-sized companies but are short of enterprises that can become tier-1 and tier-2 suppliers for foreign investors. So in the near future, we have to support those kinds of enterprises to develop, since large firms, such as Vingroup Joint Stock Company (VIC), are not likely to become partners with foreign investors but maybe to become their rivals. … [Read more...] about Việt Nam’s economic growth can even surpass expectations in 2021: expert

At the moment, we still focus more on small and mid-sized companies but are short of enterprises that can become tier-1 and tier-2 suppliers for foreign investors. So in the near future, we have to support those kinds of enterprises to develop, since large firms, such as Vingroup Joint Stock Company (VIC), are not likely to become partners with foreign investors but maybe to become their rivals. … [Read more...] about Viet Nam’s economic growth can even surpass expectations in 2021: expert