Business

Vietnam urged to improve sugar industry’s competiveness edge

An international conference was held in the central coastal province of Khanh Hoa on July 16 to discuss measures to improve the Vietnamese sugar industry’s competiveness competency as Vietnam and neighbouring countries are speeding up the regional integration process.
An international conference was held in the central coastal province ofKhanh Hoa on July 16 to discuss measures to improve the Vietnamese sugarindustry’s competiveness competency as Vietnam and neighbouringcountries are speeding up the regional integration process.

The event attracted the participation of more than 200 managers andleaders of major domestic and foreign enterprises operating in thesector.

Delegates at the event outlined challenges hindering thesector’s progress such as epidemics, climate change, drought and highprices of raw materials, which account for 70-80 percent of theproduction prices.

According to the Ministry of Agriculture andRural Development, Vietnam currently has 41 sugar factories with totalcapacity of 140.000 tonnes of sugar per day. Each year, the sector sellsabout 1.5 million tonnes of sugar in the domestic market and exports300.000 tonnes.

Pham Hong Duong, a representative of the ThanhThanh Cong Group, said Vietnam is expected to join the ASEAN Free TradeArea (AFTA) in the near future, mandating the need for the country toaccelerate agricultural and technological renovations and reduceproduction costs in a bid to gain a firm foothold in the regional marketduring the integration process.-VNA
Follow VietnamPlus

See more

The meeting between General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam and Chairman and Chief Executive Officer of Hayleys PLC Mohan Pandithage in Colombo on May 8 (Photo: VNA)

Vietnamese leader hopes for stronger ties with Sri Lanka's Hayleys PLC

General Secretary and President To Lam said that given the complementarity of the two economies and their substantial room for growth, Vietnam wishes to enhance cooperation with major Sri Lankan enterprises, especially those with regional market networks and connectivity capabilities such as Hayleys.

The export of 1.1 million doses of vaccine lumpy skin disease (LSD) to the Republic of Korea marks an important milestone for Vietnam’s veterinary vaccine industry. (Photo: nongnghiepmoitruong.vn)

Vietnamese-made LSD vaccine enters demanding RoK market

The successful research and commercialisation of the LSD vaccine, which has been widely used in the domestic market and is gradually expanding internationally, helps affirm the position of Vietnamese veterinary vaccines globally.

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President To Lam addresses the Vietnam – Sri Lanka Trade-Investment-Tourism Cooperation Forum in Colombo on May 8. (Photo: VNA)

Top leader urges stronger Vietnam-Sri Lanka economic connectivity

Vietnam – Sri Lanka cooperation should be viewed within the broader context of the Indian Ocean, South Asia and emerging global supply chains, and the key issue now is not potential, but swift, decisive and effective action, said Vietnam's top leader To Lam.

The meeting between Vietnamese Minister of Industry and Trade Le Manh Hung and representatives from Essar Group (Photo: VNA)

Vietnam, India step up cooperation in energy, biofuels

Vietnam encourages capable investors to participate in oil and gas, energy and energy infrastructure projects in line with the national energy development strategy, while ensuring investment efficiency and compliance with Vietnamese law.

In the first four months of 2026, total FDI inflows into Vietnam reaches 18.24 billion USD, up 32% year-on-year. (Illustrative photo: VNA)

Vietnam draws stronger foreign investment inflows despite global headwinds

In the first four months of 2026, total FDI inflows into Vietnam reached 18.24 billion USD, up 32% year-on-year. Disbursed capital was estimated at more than 7.4 billion USD, an increase of 9.8% and the highest four-month disbursement level recorded in the past five years, reflecting effective implementation of many registered projects.

A Boeing 787 aircraft of Vietnam’s national flag carrier, Vietnam Airlines, lands on its first flight at Long Thanh International Airport. (Photo: VNA)

Deputy PM stresses strategic, synchronous planning for airport system

The national airport system planning was approved by the Prime Minister under Decision No. 648/QD-TTg dated June 7, 2023. Under the planning, 30 airports (14 international and 16 domestic) are to be developed during the 2021–2030 period, with a vision to 2050 expanding the network to 33 airports (14 international and 19 domestic).

Modern machinery improves labour productivity. (Photo: VNA)

Upskilling becomes key lever for Vietnamese workforce in digital era

As the economy is pivoting to a growth model fueled by knowledge, technology and innovation, the working class, or the backbone of production, demands better professional qualifications, vocational skills, industrial discipline and work habits. Timely adaptation is the only shield against being undercut by accelerating automation, artificial intelligence and increasingly fiercer global competition.

A circular organic farming model in Khanh Hoa is delivering initial economic efficiency. (Photo: VNA)

New growth potential unlocked for Vietnamese economy

Prime Minister Le Minh Hung once stressed that cutting administrative procedures and business conditions remains one of the fastest and most effective ways to stimulate growth and strengthen confidence among citizens and enterprises. He underscored that the reform process must remain continuous and responsive to practical requirements.