Vietnamplus

The northern province of Quang Ninh has outlaid enormous resources over recent years to develop its aquaculture sector, with advanced technologies now being applied.

Enterprises, organisations and individuals have been called on to contribute to Vietnam’s draft socio-economic development strategy for the next 10 years.

Vietnam will be the fifth partner in the Forest Carbon Partnership Facility (FCPF) and the first in the Asia-Pacific region to sign an Emissions Reduction Purchase Agreement (ERPA), according to Standing Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.

Though the Government has taken decisive steps to curb the impacts of the COVID-19 pandemic, there are still risks to the economy, economists said at a seminar in Hanoi on October 15.

Hanoi has issued an implementation plan for a project to develop key industrial products in the 2021-2025 period, with an estimated cost of 200 billion VND (8.63 million USD).

Vietnam’s international integration has brought both challenges and opportunities for traditional craft villages, with the use of scientific and technical advances in production considered vital for them to thrive.

Digital transformation provides a challenge and opportunity for sustainable agricultural and rural development and narrowing gaps between rural and urban areas, experts have said.

Tran Ba Linh, a researcher from the University of Bath and Robyn Klingler-Vidra, a Senior Lecturer in Political Economy from King's College London have posted on website theconversation.com a number of articles highlighting the creativity and community spirit of Vietnamese people amidst COVID-19 pandemic.

Hanoi is striving to expand handicraft export markets for an annual growth of 8 percent in export turnover under a programme on promoting the city’s industrial development for the 2021-25 period. ​

A new Ho Chi Minh City regulation would make it mandatory for all agricultural products and foodstuffs to have traceability and geographical indications, and require packaging and branding under VietGAP standards to ensure food hygiene and safety.

Lao Cai province has directed localities to gradually restore and develop medicinal plants, expand growing areas, and supply raw materials for local pharmaceutical processing companies and corporations.

COVID-19 has interrupted the country’s journey to become a high-performing economy, but the right structural adjustments could help get it back on track, according to McKinsey & Company, a leading US consultant firm.

Party General Secretary and State President Nguyen Phu Trong, who is also Chairman of the Subcommittee on Party documents of the 13th National Party Congress, has written an article emphasizing the need to well prepare and organise the 13th National Party Congress in order to bring the country to a new development period.

The State Bank of Vietnam (SBV) has asked banks to further reduce operating costs in the remaining months of the year in order to continue lowering interest rates to support COVID-19 affected firms and individuals.

The Vietnam Oil and Gas Group (PetroVietnam) reported total revenue of 283.5 trillion VND (12.2 billion USD) in the first half of this year, contributing 32 trillion VND to the State budget.

Measures to improve FDI attraction, bolster the competitiveness of Vietnamese enterprises, and make the local investment environment more transparent were discussed at a workshop held by State Audit of Vietnam (SAV) in Hanoi on June 9.

Cambodia’s agriculture sector is unlikely to be able to substantially absorb laid-off workers from the garment and tourism industries, according to a World Bank report.

Following the first five months of 2020, Vietnam enjoyed a trade surplus of 1.88 billion USD. Of that figure, foreign direct investment firms accounted for 10.52 billion USD while domestic firms accounted for 8.64 billion USD.

Thailand's Stark Corporation has completed the acquisition of Vietnam-based Thinh Phat Cables (Thipha) and Dong Viet Non-Ferrous & Plastic (Dovina) for a combined value of 240 million USD.

Vietnamese confectionery businesses have upgraded production technologies to improve quality and efficiency, and developed new product lines to retain market share at home and also boost exports amid fierce competition.