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The 17th Vietnam International Printing, Packaging and Food Processing Industry Exhibition began at the Saigon Exhibition & Conference Centre in Ho Chi Minh City on October 5.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong has called for greater efforts to address the shortage of raw materials faced by the domestic cashew processing industry, saying that remains the biggest challenge for the sector’s development.

Exports of coconut-based products are sluggish due to challenges and difficulties facing the coconut processing industry and coconut cultivation, according to the Agricultural Promotion Centre of the Mekong Delta province of Ben Tre.

Vietnam’s total export earnings hit 17.5 billion USD in July, bringing the seven-month total to 115.2 billion USD, up 18.7 percent annually, according to the Ministry of Industry and Trade (MoIT).

The Central Highlands province of Dak Lak has attracted many official development assistance (ODA) and foreign direct investment (FDI) projects as well as non-governmental assistance, including funds from the Republic of Korea (RoK).

Vietnam’s manufacturing and processing industry attracted 12,075 foreign-invested projects with a total registered capital of 180.68 billion USD as of late June.

The Vietnamese Government attaches great importance to increasing ties between localities of Vietnam and Japan, Prime Minister Nguyen Xuan Phuc told the governor of Ibaraki, Masaru Hashimoto, in Tokyo on June 4.

Ho Chi Minh City attracted 1.37 billion USD in foreign direct investment (FDI) in the first five months of 2017, a year-on-year increase of 45.8 percent.

Prime Minister Nguyen Xuan Phuc called on the Republic of Korea (RoK) to invest more renewable energy, infrastructure, high technology, and processing industry in Vietnam, during his reception for Park Won-soon, Special Envoy of the RoK’s President Moon Jae-in, in Hanoi on May 25.

President Tran Dai Quang called on New Zealand to join the economic development in Vietnam via increasing trade and investment during his reception for New Zealand Foreign Minister Muray McCully in Hanoi on April 25.

Party General Secretary Nguyen Phu Trong has requested Gia Lai province to rely on its strengths to develop hi-tech agriculture and forestry in combination with processing industry.

Production and business results improved in the first two months of this year, but trade was unbalanced with strong growth in auto and mobile phone imports, the Ministry of Industry and Trade reports.

The northern mountainous province of Yen Bai aims to develop comprehensive raw material and hi-tech processing facilities to boost the development of its agro-forestry-fishery sector.

The Central Highlands province of Dak Lak plans to raise the rate of processed coffee products such as powder coffee and instant coffee to 15 percent of the local coffee bean output by 2020.

Vietnam’s food processing industry offers huge investment potential for investors both in terms of the domestic market and exports, according to the Ministry of Industry and Trade.

Vietnam’s total export turnover in the first seven months of the year was 96.83 billion USD, representing an annual increase of 5.3 percent, said an official of the Ministry of Industry and Trade.

The processing and manufacturing industry in Vietnam has become very attractive to investors from the Association of Southeast Asian Nations (ASEAN).

Vietnam exported 82.2 billion USD worth of commodities in the first two quarters of 2016, a year-on-year increase of 5.9 percent.

The forestry sector has been shifting towards a market economy over the recent five years, Deputy Prime Minister Hoang Trung Hai said at a conference reviewing the five-year plan on forest protection.

The processing industry earned approximately 71.9 billion USD from exports in the first seven months of 2015, up 18.7 percent from last year and contributing 77.9 percent of total export revenue.