Agro-forestry-fishery exports generate 25.7 billion USD in 8 monthsThe agro-forestry-fishery sector raked in 3.13 billion USD from exports in August, raising the total value in the first eight months of this year to 25.7 billion USD, up 7.3 percent year-on-year. According to the Ministry of Agriculture and Rural Development, the best performers in the period included rice, fruit and vegetables, key forestry products and seafood. Exports to major markets like the Association of Southeast Asian Nations (ASEAN), the Republic of Korea (RoK), China, the US and Japan increased significantly over the past eight months. The country exported about 4.4 million tonnes of rice worth 2.2 million USD between January-August, up 6.8 percent in volume and 22.1 percent in value from the same period last year. In August alone, 441,000 tonnes valued at 209 million USD was shipped abroad. China remained Vietnam’s largest rice importer, making up 24.7 percent of the market … [Read more...] about BUSINESS NEWS IN BRIEF 2/9
Phnom penh post business
BUSINESS NEWS IN BRIEF 30/8
E-commerce key for farm exportersVietnamese enterprises should take advantage of e-commerce development to boost exports of farm produce to China, experts said at a meeting on Sunday in HCM City.Wen Xi Chen, economic counselor at the Chinese Consulate General in the city, said Vietnamese enterprises should cooperate with well-known Chinese e-commerce enterprises to open online stores of high-quality farm produce for export to China.While e-commerce has narrowed the production and consumption gap, and extended consumer markets, traditional sale channels have not updated market information regularly, he said.To develop e-commerce for agricultural products, logistics service, traceability and human resources should ensure product quality, he added.Nguyen Hoang Anh, member of the Advisory Council for Reform, who is also vice president of the Digital Agriculture Association (DAA) Viet Nam, said China remained a major market for agricultural products exported from Viet Nam due to similarity … [Read more...] about BUSINESS NEWS IN BRIEF 30/8
PM Phuc leaves Hanoi for WEF-ASEAN in Phnom Penh
The Hanoitimes - Vietnamese Prime Minister Nguyen Xuan Phuc left Hanoi to Phnom Penh, Camobodia on May 11 to attend the World Economic Forum on ASEAN (WEF-ASEAN) at the invitation of the Cambodian PM Samdech Techo Hun Sen and WEF Executive Chairman Klaus Schwab. Under the title “Youth, Technology and Growth: Securing ASEAN’s Digital and Demographic Dividends”, the WEF-ASEAN 2017 focuses on assessing ASEAN’s development and integration and problems the bloc will face in the time ahead. Other issues on the agenda are ASEAN’s position in the new global geopolitical and economic context, the prospect of the ASEAN Economic Community, and impacts of the Fourth Industrial Revolution on ASEAN countries. Vietnam and the WEF began their cooperative relationship in 1989. Since then, the WEF has become an important dialogue forum between Vietnamese Government leaders and the world’s leading enterprises. Currently, eleven Vietnamese businesses are members of … [Read more...] about PM Phuc leaves Hanoi for WEF-ASEAN in Phnom Penh
Hanoi – Phnom Penh to tighten friendship
The Hanoitimes - On December 26, Chairman of Hanoi People`s Committee Nguyen Duc Chung took over the high-level delegation of Phnom Penh Capital. The delegation led by Mr. Pa Socheatvong, Phnom Penh Capital's Mayor is visiting and working in Hanoi. At the meeting, Phnomphenh's high-level delegation expressed their impression in Hanoi's development achievements. "Hanoi is more and more growing and people's lives are improved better and better. It is thanks to the relentless tremendous efforts of Hanoi's Government", Mr. Pa Socheatvong affirmed. Chairman of the Hanoi People’s Committee Nguyen Duc Chung hosted reception for Phnom Penh Capital's Mayor Pa Socheatvong At the reception, Chairman of the Hanoi People’s Committee Nguyen Duc Chung informed his guests about local socio-economic development and thanked the Governor and administration of Phnom Penh for providing optimal conditions for Vietnamese enterprises, including Hanoi’s, to do business there. Pa … [Read more...] about Hanoi – Phnom Penh to tighten friendship
New bridge to aid cross-border trade
Cambodia will build a bridge connecting Kandal Province's Chrey Thom District with Vietnam in a bid to boost cross-border trade. The 20 million USD bridge would become an international checkpoint where business would increase because of easier transportation, the Phnom Penh Post quoted Em Sovannara, a department head at the Council of Ministers International Relations Department, as saying. The Ministry of Commerce of Cambodia is looking for ways to expand trade ties. Trade between the two countries is expected to reach 1.5 billion USD this year, according to Mao Thora, an official of the ministry. There are currently around 40 border crossings between Cambodia and Vietnam. PV … [Read more...] about New bridge to aid cross-border trade