Viet Nam News Nguyen Thi Lan Huong, PhD* Income growth, changes in people’s dietary preferences, food safety requirements and market integration are driving increasing demand for organic vegetables in both domestic and export markets. Consumer awareness of the environmental costs of agriculture (such as the deteriorating quality of drinking water and soil, and the impact of agriculture on landscape and wildlife) is increasing, creating opportunities to sell organic products at premium prices, enabling organic farmers to continue and expand. To ensure that smallholder farmers make use of these market opportunities and strengthen their competitiveness in organic production, governments should help them to overcome a range of constraints in production, marketing, export and in the overall value chain. According to the Food and Agriculture Organisation of the United Nations (FAO)/World Health Organisation (WHO), organic agriculture is a holistic production management system which … [Read more...] about Inclusive policy options for organic vegetable farms
Export local group policy
More investment worries local governmentBy Quoc Hung An exhibition of textile and garment machinery in HCMC. Aside from environmental pollution, some localities are also afraid of textile and garment projects because they are labor-intensive ones which require large armies of migrant workers – PHOTO: THANH HOA Conclusions of Free Trade Agreements (FTAs), bilateral and multilateral alike, plus the accompanying shift of garment and textile projects from overseas to Vietnam, have become a source of concern for some local authorities as they are afraid of possible pollution, particularly in the dyeing process Propelled by bilateral and multilateral FTAs signed recently, Vietnam is now emerging as one of the top spots in the world for investors in the garment and textile industry. In reality, several garment and textile projects have been being relocated from foreign countries to Vietnam. This remark was from Nguyen Thi Tuyet Mai, secretary general cum chief representative of … [Read more...] about More investment worries local government
The consumer price index jumped by 2.22 per cent in June and 4.6 per cent from a year earlier, a seven-year high, the General Statistics Office (GSO) reported. — Photo thoibaonganhang.vn The rest of this year is likely to be a difficult period for the economy meaning challenges for the Government in achieving the targets set for the year. The problems include a weakening of the dong against the dollar and rising inflation, interest rates and public debt, and the Government will be walking a tightrope in terms of monetary policy. The consumer price index jumped by 2.22 per cent in June and 4.6 per cent from a year earlier, a seven-year high, the General Statistics Office (GSO) reported. Inflation in the first six months of the year was up to 3.29 per cent. GSO experts attributed the sharp increase in inflation in recent months to the rise in prices of several major products and services. Of 11 major categories of goods and services, nine saw prices increasing. Transportation … [Read more...] about Trillion đồng question: to tighten monetary policy or not?
The Chinese policy to limit South Korean businesses may be the main reason behind Korea-based CJ Group’s heavy expansion in Vietnam. Entering a co-operation with local restaurant chain Golden Gate is the latest step in this expansion. CJ Group has repeatedly expanded its business in Vietnam over the past few year. Photo: brandsvietnam.vn On June 20 CJ Group via CJ Fressway officially announced the plan to co-operate with domestic restaurant chain Golden Gate Trade & Service JSC to expand the scale of its food business in Vietnam. Expanding the business in Vietnam Over the past few years, CJ Group has many times raised its ownership in local food firms. For instance, the Korean firms raised its ownership rate in Cau Tre from 51.6 to 71.4 per cent and its subsidiary CJ Cheiljedand Corporation last year bought 64.9 per cent of Minh Dat Food's capital. In 2016, the Korean firm also bought 4.18 per cent of Vissan JSC’s stocks. Last year, its food distribution … [Read more...] about Chinese sanctions may be pushing CJ Group’s expansion in Vietnam
Generali Group CEO Philippe Donnet What is your view on the growth and outlook of the Asian economy? Where do you think Vietnam stands in this picture? The global economy is continuing its expansionary phase following the recovery from the financial crisis. Thus, most Asian countries are benefiting from a rebound in global economy supported by firm recovery in major industrial economies and strong investment growth in the region. Being one of the most dynamic emerging countries in Asia, Vietnam has seen strong economic development over the past years with 6.8 per cent GDP growth in 2017. It is forecasted to increase to approximately 7 per cent in 2018 and keep its growth momentum by 2020, driven by rapid export growth and increased domestic consumption. Moreover, with the EU-Vietnam Free Trade Agreement scheduled to be ratified in 2018, Vietnam is expected to see an influx of European investors and companies aiming to trade. It will contribute to strong foreign direct investment. … [Read more...] about Generali Group CEO: Strong belief in Generali Vietnam’s sustainable growth