The Hanoitimes - The International Fund for Agricultural Development (IFAD) has helped bring down the poverty rate from 60% in the mid-eighties in Vietnam to 16% in 2016. IFAD aids Vietnam’s climate change response IFAD funds VN’s agricultural development project Gov’t direction on IFAD aid Vietnam – the country with more than 70% of the population living in rural areas – has experienced significant changes with the elimination of hunger, reduction of poverty, and most of all the improvement of livelihood over the past 25 years. IFAD's Associate Vice-President Donal Brown. Photo: IFAD How could Vietnam reduce its poverty rate from around 60% of total population in the mid-eighties to 16% in 2016? The presence of the International Fund for Agricultural Development (IFAD) since 1993 has greatly helped to drive down the rate in the Southeast Asian country. Over the past 25 years, the IFAD has financed total US$565.4 … [Read more...] about How does Vietnam rural area change over 25 past years?
How does economy grow
By Karen Reddington - President, FedEx Asia Pacific So why then does evidence show that small- and medium-sized enterprises (SMEs) are failing to access trade deals – one of the most significant tools there is for multiplying business growth and opportunity? And what do agreements like the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) actually offer? Trade agreements are designed to lower the barriers between participating countries, giving domestic companies better access to more customers and larger, international markets while reducing tariffs and customs duties which slow global commerce. That’s why the CPTPP is arguably one of the most important trade deals in decades, as it removes tariffs on about 95 per cent of goods traded between member countries. The new agreement creates a trade community accounting for an extraordinary 14 per cent of the global economy. That figure is projected to rise to 18 per cent as more countries queue up to join … [Read more...] about How SMEs can make the most of global trade deals
This year, the Swiss giant plans to improve organic sales growth and underlying margins to it progresses toward its 2020 target. Chris Johnson, Executive Vice President, Chief Executive Officer Zone, Asia, Oceania and sub-Saharan Africa (AOA), speaks to VnExpress about how one of the biggest companies in the world has set its business goals for 2019 and contributes to the Vietnam’s overall socio-economic development. Can you share the highlights of Nestlé's business performance last year? Nestlé Vietnam has had strong performance in the last four years and we are among the fastest growing food FMCG companies in Vietnam. Although Vietnam is not a huge market for Nestlé, it is the fastest growing market in Asia. And its contribution to growth has been important. We have much confidence in the growth potential of Nestlé Vietnam based on a strong and growing economy and burgeoning middle class and population. If we look at other countries, sometimes we are strong … [Read more...] about Vietnam is Nestlé’s fastest-growing market in Asia
Nguyen Tri Hieu, economist and senior financial expert What is Vietnam’s current standing with regards to Industry 4.0 and how deep has technology penetrated into the country’s economy? The Fourth Industrial Revolution is currently the buzzword across Vietnam, even though we have yet to finalise the 3.0 growth path. We still lag behind many countries in terms of economic development. However, we should not miss out on the global megatrend and position ourselves at the forefront of industrial development. This is a new era of irreversible development across the world, as well as for Vietnam. In fact, the country has been on the 4.0 path for a few years now, particularly in the field of high-technology. However, in low-tech fields such as agriculture, textile clothing or real estate, we are behind many other countries. We must achieve the dual and parallel tasks of carrying out reforms aligning with the 3.0 growth path and initiating 4.0. The implications of … [Read more...] about Industry 4.0 tech essential to build cashless economy
The multi-year framework agreement on collaborative rice research was signed between IRRI and the US-based Corteva Agriscience. -- VNS Photo Hoàng Nam Rice is a crop of global significance and a vehicle for economic prosperity and climate change adaptation and mitigation, delegates heard at the 2018 International Rice Congress, which opened in Singapore yesterday. “Singapore is not a nation producing rice but a big importer,” Singaporean Minister of National Development Lawrence Wong said in his opening speech. “Technology and science are very important to shape the world’s rice industry and to cope with climate change. I hope we can witness big progess at the congress.” The International Rice Research Institute (IRRI), Agri-food and Veterinary Authority of Singapore (AVA), and the Food and Agriculture Organisation (FAO) of the United Nations renewed their commitment to direct efforts and resources to achieving global food and nutrition security. Dr … [Read more...] about International Rice Congress considers how to increase yields, food security