Vietnamplus

In recent years, Hanoi’s agriculture sector has created favourable conditions for organisations and individuals to develop the farm economy.

Despite production and market difficulties due to the pandemic and climate change, many districts, firms and organisations in Hanoi's agricultural sector have remained strong thanks to the application of science and information technology.

A workshop was held in the Mekong Delta city of Can Tho on June 22 to discuss ways to promote links and share experience to raise the value of Vietnamese rice in the international market.

Vietnam, like many other East and Southeast Asian countries, is further climbing up the global value chain (GVC) thanks to the positive effect of the utilisation of foreign direct investment (FDI), according to the latest report by Hinrich Foundation.

The Mekong Delta province of Tra Vinh plans to improve the value of its coconut products to boost farmers’ incomes and meet export requirements in 2022-25 period.

Bac Giang will focus attention on developing and increasing the production value of the agricultural sector in the time ahead, said Vice Chairman of the northern province’s People’s Committee Le O Pich.

Total outstanding value of corporate bonds by the end of April 2022 reached 320.4 trillion VND (13.8 billion USD), accounting for a small proportion of the country’s total outstanding credit of 2.86 percent, according to the State Bank of Vietnam.

A project to strengthen the safe agricultural value chains in northern localities has been jointly launched by the National Agricultural Extension Centre (NAEC) under the Ministry of Agriculture and Rural Development and the Japan International Cooperation Agency (JICA).

The Lao government has instructed ministries to streamline procedures to facilitate trade and speed up freight transport and the export of goods, reported Xinhua news agency.

Vietnamese businesses are seeking to export more fresh and processed dragon fruits to Australia and New Zealand as the demand for this fruit in both markets is increasing.

Over-reliance on input material imports, small production value and outdated technology were among the major weaknesses of Vietnam's steel industry, said a recent report by the Ministry of Industry and Trade.

Vietnam earned 3.57 billion USD from aquatic exports in the first four months of 2022, posting a year-on-year increase of 43.7 percent, according to the Ministry of Agriculture and Rural Development.

The banking sector hopes that by 2025, the volume of mobile payment transactions will grow by 50 - 80 percent while transaction value will surge 80 - 100 percent annually.

Ha Long Bay, in the Gulf of Tonkin, includes some 1,600 islands and islets, forming a spectacular seascape of limestone pillars. The site's outstanding scenic beauty is complemented by its great biological interest.

In recent years, Hanoi has invested heavily in the development of agricultural commodities areas, creating safe farm produce to meet export standards. This is a solid solution to work towards the official export of the city's key farm produce.

The ASEAN-Japan Centre (AJC) has released a paper on “ASEAN Global Value Chain and Its Relationship with RCEP: Impacts of RCEP on ASEAN Integration”, in which it recommends ASEAN to carry out five policy measures to benefit the most from RCEP.

Economic sectors, localities and businesses should be considered the drivers of the nation's green growth and sustainable development strategy, experts have said.

The average daily trading value on Vietnam’s stock market has reached more than 1.34 billion USD per session so far this year, up 15.9 percent from the last year’s figure and now the second largest in ASEAN, only after Thailand, according to the Ministry of Finance.

Deloitte and cloud banking platform Mambu have identified the five steps merchants and fintech firms need to embrace in building a successful Buy Now Pay Later (BNPL) offering.

Vietnam shipped some 335,000 tonnes of corrosion-resistant steel products (CORE) to the US last year, a three-fold rise from the previous year, according to the United States International Trade Commission (USITC).