HCM City, Cuba partner in agricultural development

Ho Chi Minh City and Cuba have vowed to enhance agricultural cooperation, especially in sharing experience in hi-tech agricultural production and farm produce processing.
HCM City, Cuba partner in agricultural development ảnh 1Vice Chairman of the municipal People’s Committee Duong Anh Duc (R) and Cuban Deputy Minister of Agriculture Maury Hechavarria Bermhudez. (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City and Cuba have vowed to enhanceagricultural cooperation, especially in sharing experience in hi-techagricultural production and farm produce processing.

The consensus was reached by Vice Chairman of the municipal People’sCommittee Duong Anh Duc and Cuban Deputy Minister of Agriculture MauryHechavarria Bermhudez at their meeting in Ho Chi Minh City on May 12.

Duc said Cuba holds great potential for agricultural development while thereremains huge room for Vietnam and Cuba to extend collaboration, especially inrice and coffee production.

Ho Chi Minh City is ready to cooperate with and support thetransfer of advanced agricultural production technologies to Cuba, he said,adding that with strengths in food processing, packaging, export-import andhigh-tech agricultural production, the city hopes that specific joint projectswill contribute to ensuring Cuba’s food security.

Bermhudez, for his part, said Vietnam's rice cultivation project in Cuba is now inits fifth phase with positive results, especially in terms of crop varieties.In addition, the project on developing coffee in Cuba using Vietnam's robustaseeds has resulted in a ten-fold increase in yield compared to Cuba's previousvarieties.

Cuba wants to continue partnering with Vietnamese enterprises,including Ho Chi Minh City, in these areas to help the Caribbean country achieve its food securitygoal, he said.

The Deputy Minister said Cuba is calling for investment in animalhusbandry and building supply chains between breeding and meat processing whichis of Vietnam’s strength, therefore, Cuba believes in cooperationpotential in this field with Vietnamese enterprises, including those in Ho ChiMinh City.

Cuba expects to create the best conditions for Vietnamesecompanies to invest in the Latin American country and make profit based on mutually beneficial arrangements, he said.

The same day, Bermhudez attended and delivered a speech at a trade and investment promotion forumbetween Ho Chi Minh City and Cuba. The forum provided an opportunity forbusinesses from both sides to connect with each other, learn about businessenvironment and discuss cooperation opportunities./. 

VNA

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.