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Denmark, through strategic sector cooperation (SSC) with Vietnam, helps implement national action plan in agriculture while promoting the engagement of stakeholders in the value chain. Among issues shared at an event held in Hanoi on August 17, Vietnamese officials, experts, and businesses were impressed with the philosophy of “producing more from less” in Denmark’s agri-food sector. Denmark targets the climate-neutral food industry by 2050. Photo: Danish Agriculture and Food Council Troels Jakobsen, Trade Counsellor of the Embassy of Denmark, said Denmark produces three times more food than the Danish population can consume, with some of the lowest greenhouse gas emissions in Europe. The idea was shared at Seminar – Business Matchmaking held in Hanoi on August 17 to discuss Danish experiences and solutions in sustainable agri-food production. Meanwhile, Jeppe Søndergaard Pedersen, International Chief Advisor, the Danish Agriculture and Food Council, … [Read more...] about “Produce more from less”: Danish agricultural philosophy for Vietnam

The credit quality of real estate firms is at a good level with financial leverage below 1.5x. During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions. Investors looking at a real estate project in Me Linh District, Hanoi. Photo: Pham Hung Economist Can Van Luc, a member of the National Financial and Monetary Advisory Council, shared the view at a real estate forum held on August 17, noting the figure is huge compared to total investment capital for the economy. According to Luc, while transaction activities have been subdued in recent months, this would pose a golden opportunity to restructure the market for more sustainable growth. “In the past, real estate was widely seen as the first option when people explore fields to invest in, and that is a huge risk to the economy,” Luc said. … [Read more...] about Over US$34 billion set to pour into Vietnam’s real estate market this year

At the talks between Vietnamese Minister of Foreign Affairs Bui Thanh Son, and Deputy Prime Minister and Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi (Photo: VNA) Son viewed Tileuberdi’s Vietnam visit, which was made from August 17-18 on the occasion of the 30th founding anniversary of diplomatic ties, as momentum to strongly beef up traditional friendship and multi-faceted cooperation between the two countries. He welcomed the Kazakh delegation, which included representatives of Kazakh state management agencies in finance and investment who came to explore cooperation and business opportunities in the Southeast Asian nation. The minister suggested Kazakhstan support Vietnamese investors to operate in the market. For his part, Tileuberdi affirmed that Vietnam is a priority partner of Kazakhstan in the region, and that attaching importance to boosting the relationship is an important part of Kazakhstan’s foreign policy towards Asia-Pacific. He held that ample … [Read more...] about Vietnam, Kazakhstan foster multi-faceted cooperation

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first seven months of this year, tra fish exports to Mexico grew by 73%, reaching 73.5 million USD and accounting for 4.5% of Vietnam's total turnover. Over 90% of tra fish shipped to the market were frozen fillets. In July alone, the country spent more than 11 million USD on the Vietnamese product, doubling that of the same period last year. Le Hang, Deputy Director of the VASEP Training and Trade Promotion Center, said with the advantage of competitive prices, plus preferential tax benefits under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnamese seafood remains a good choice for Mexican importers. In the first half of this year, 30 Vietnamese seafood enterprises exported tra fish to Mexico. Many processing enterprises in the Mekong Delta localities of Dong Thap, An Giang, Ben Tre, Can Tho and Vinh Long are also increasing their shipments to the … [Read more...] about Mexico becomes bright spot for Vietnam’s tra fish exports

SHANGHAI/PARIS -- From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering. Data this week showed China's economy slowed unexpectedly, prompting a central bank rate cut, while macroeconomic trends are disproportionately impacting the extra funds that those born between 1996 and 2012 might use to enter the world of luxury. Whereas in North America and Europe, inflation and … [Read more...] about Luxury sneakers may be a step too far for cash-strapped Gen Z

The deputy minister was speaking at the seminar "Danish experiences and solutions in sustainable agri-food production" on August 17. Tien underscored Denmark as one of the leading countries in agriculture and sustainable development. Denmark's experiences, he believed, would help Vietnamese firms speed up on the road to high-tech and climate-smart agriculture. Sanne Hoj Andren, Sector Counselor for Agri-Food at the Embassy of Denmark, revealed that strategic sector cooperation (SSC) is a partnership between Danish public authorities and Vietnamese ministries. The two countries have SSC in four areas comprising education, health, food safety and statistics. The overall objective of the food safety SSC is to improve feed quality and food safety in Vietnam's pork value chain. To that end, Danish authorities have been assisting Vietnamese partners in pork origin-tracing, controlling veterinary medicines, controlling food safety in meat processing and capacity building in risk-based … [Read more...] about Danish seminar shares agricultural experience with Vietnamese firms