Vietnamplus

Thailand's industrial output declined for the sixth straight month in March as weak global demand hampered exports, the country’s Ministry of Industry has announced.

The Office of the Cane and Sugar Board (OCSB) of Thailand estimated the sugar cane output for the 2022 - 2023 crop year increased just 1.9% to 93.8 million tonnes, lower than forecast due to drought and more farmers switching to cassava cultivation.

The export of Vietnamese durian to China through the official channel since September 2022 opened up a new prospect for Vietnam's fruit and vegetable industry.

Tra fish exports are expected to recover shortly with China gradually reopening its borders.

The Government has called on the Ministry of Finance for policies to support enterprises, including exemption and reduction of taxes and fees, in 2023.

Vietnam's aquaculture output was estimated at 1.18 million tonnes in the first two months of 2023, rising by 1.3% year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).

The Petrovietnam Exploration Production Corporation (PVEP)’s oil output reached 1 billion barrels on Febraury 8, marking a new milestone in its 35-year development journey.

Thailand's industrial output further declined more than expected in December 2022, as a global slowdown hit demand for Thai exports, according to the Ministry of Industry.

The Vietnam Oil and Gas Group (Petrovietnam) has fulfilled crude oil exploitation target set for the whole year, 70 days ahead of schedule.

Indonesia's state-owned oil company, Pertamina, has recently launched its first underground carbon injection tests, as the state energy firm is exerting efforts to cut carbon emissions and increase oil output.

The domestic sugarcane and sugar industry expects to continue output growth with the 2022-23 crop thanks to the positive production performance and the tariff policy's efficiency for importing sugar.

The Mekong Delta province of Kien Giang hopes to harvest at least 86,000 tonnes of aquatic products from aquaculture from now through year end to take the output for the year to 315,000 tonnes.

According to the Global Electricity Review 2022 by Ember, an independent energy think tank, Vietnam’s solar power generation in 2021 surged by 337% compared to the previous year. The astonishing growth pushed Vietnam to become the world’s 10th largest solar generator.

Malaysia has agreed with the recent implementation of oil production cut of 2 million barrels per day by the Organisation of the Petroleum Exporting Countries and allies (OPEC+) with effect from this November.

The northern province of Bac Ninh has set a target of raising the proportion of hi-tech agriculture in the province’s total agricultural output value to 35 – 40% by 2025, with the awareness that hi-tech agriculture is the inevitable direction of agricultural development.

The south-central province of Binh Thuan has made progress in fighting illegal, unreported and unregulated (IUU) fishing, and protecting aquatic resources, with fishing activities maintained stably.

The PetroVietnam Exploration Production Corporation (PVEP) reported total revenue of 34.5 trillion VND (nearly 1.45 billion USD) in the first nine months of 2022, surpassing the yearly plan by 35%.

Small-scale farmers provide an estimated one third of global food output but are facing increasing fiercely climate conditions such as droughts, storms and floods, necessitating measures to boost sustainable development to cope with climate change, experts said at an international conference opened in Hanoi last week.

Total fishery output in the first nine months of this year is estimated at 6.75 million tonnes, up 2.7% from the same period last year, according to the Ministry of Agriculture and Rural Development.

The PetroVietnam Power Corporation (PV Power) is undertaking a series of measures towards the goal of generating 832 million kWh of electricity in September.