According to the Hanoi Department of Agriculture and Rural Development, more than 500ha of late-maturity longan is grown in Hanoi, mainly in Hoai Duc and Quoc Oai districts. The longan trees provide a total output of 8,000-9,000 tonnes per crop and a yield of 20-50 tonnes per hectare, while their fruits are sold at a wholesale price of VND40,000 per kilo. Most farmer households earn about VND1 billion per hectare per crop. … [Read more...] about Hanoi boosts farm produce branding
National assembly under siege
Hanoi (VNA) - The Ministry of Finance (MoF) has proposed to cut environmental protection tax on jet fuel by 30 percent, from 3,000 VND to 2,100 VND per litre. The reduction is expected to help remove difficulties for the aviation industry due to the serious impact of the COVID-19 pandemic. The ministry is collecting ideas and contributions from ministries and sectors to the National Assembly Standing Committee’s draft resolution on environmental protection tax on jet fuel. The ministry calculated that with such a reduction, the State budget revenue will decrease 87.33 billion VND (3.75 million USD) per month. However, the cut will help air transport businesses ease the financial burden and maintain business operations as the COVID-19 pandemic is still serious and unpredictable worldwide. The finance ministry asked ministries, sectors, localities and agencies to send their comments before June 10, 2020. This resolution is expected to be effective until the end of this … [Read more...] about MoF proposes 30-percent reduction to environmental protection tax on jet fuel
Middle-income Vietnam managed to jump 30 notches, from 94th in 2010 to 64th in 2016, on the list of the world’s biggest beer-drinking countries, Nguyen Tuan Lam, a WHO advisor for Vietnam, told an event held to discuss a draft decree on preventing alcohol abuse in Hanoi last week. … [Read more...] about Why do Vietnamese drink so much?
In its latest report, HSBC said foreign direct investment (FDI), the key driver of Vietnam’s growth, should accelerate, mainly thanks to : (i) Vietnam is party to a number of free trade agreements (FTA); (ii) outside China, the country is one of the most attractive destinations for overseas companies; (iii) Vietnam is moving up the value-added ladder; (iv) it provides an attractive trade-off between cost and productivity; and (v) Covid-19 and increasing US-China trade tensions should accelerate the process of companies rejigging their supply chains. … [Read more...] about Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC