Though the first batch of fresh durians officially exported to China received a warm welcome from local consumers, both sides need to outline measures to boost sustainable export of the fruit since it is currently selling for a lower price than those from Thailand and Malaysia.
Vietnam's farm produce can completely compete with products in other countries around the world, Head of Creating Shared Values Projects of Central Retail Corporation Public Company Limited (CRC) Paul Le told Nong nghiep Viet Nam (Vietnam Agriculture) newspaper.
New technologies from the fourth Industrial Revolution will be applied in livestock breeding in order to produce safe and high-quality output while improving the husbandry sector’s competitive edge, according to the husbandry development strategy for the 2021-2030 period and vision to 2045.
Despite the difficulties posed by the COVID-19 pandemic, Vietnam can still reach its annual export growth target of 7-8 percent if market opportunities are optimised, experts have said.
The Indonesian Industry Ministry is drawing up strategic steps to speed up transformation toward the Fourth Industrial Revolution in the manufacturing sector, Antara News reported.
The Central Highlands province of Dak Lak is making concerted efforts to develop its local startup eco-system so as to concretise all business initiatives.
Masan Resources Corporation (MRC) said its Masan Tungsten Limited Liability Company has recently signed a contract to acquire the tungsten business of Germany-based H.C. Starck Group GmbH.
Vietnam needs to develop a system of modern agricultural product supply centres which can help to promote the consumption of farm produce in value chains, enhance food safety and hygiene, and improve the competitive edge of Vietnamese goods.
The private sector is seen as a mainstay of Hanoi’s economic development as the nearly 250,000 firms make up 40 percent of gross domestic product (GDP) and generate jobs for over 50 percent of the labourers in the city.
Industry 4.0 technologies are critical to improving tra fish quality and value, according to Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
Shipping routes along the coast of Vietnam have played an increasingly large role in transporting goods from the north to the south of the country in recent years, helping ease the burden on road transport.
Intensive processing has served as an effective tool for Vietnamese shrimp exporters to improve their competitive capacity in the context of a steep increase in the global supply which brought down the price and demand for shrimp in major markets.
Domestic retailers must work to outline rational business strategies to gain a competitive edge over their foreign rivals, especially as the local retail market has become more attractive than ever to foreign investors.
The fourth Industrial Revolution (Industry 4.0), is expected to make Indonesia one of the top 10 economies in the world in 2030, stated Industry Minister Airlangga Hartarto.
The use of 4.0 technologies and digital marketing provides a competitive edge as well as brand differentiation for companies, experts said at a conference held recently in Ho Chi Minh City.
2019 will be a challenging year for Vietnam’s textile and garment industry as it needs to obtain major breakthroughs to take on new roles in the global value chain, including shifting from simple processing - Cut, Make and Trim (CMT) - to purchasing materials, free on board (FOB), original design manufacturer (ODM) and original brand manufacturer (OBM) modes.
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