Agricultural cooperatives

Nearly 500 tons of "Com Vietnam Rice" exported to the EU. (Photo: VNA) Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect, the group has exported around 30,000 tons of rice to the EU. It was the first time the rice was exported under its own brand name, instead of those by importers in the previous shipments, according to Loc Troi. Loc Troi Group CEO Nguyen Duy Thuan said the consignments, which mostly consist of fragrant rice, have left Vietnam and will arrived in Germany, the Netherlands and France in July. The grain will be available at France-based Carrefour, the Europe’s largest retailer and wholesaler, he said. The shipment, though not large, marks the start of the group’s journey to conquer the global market, he added. Loc Troi Agricultural Products JSC (LTA), the agricultural arm of Loc Troi Group, owns 26 factories capable of milling over 22,000 tons of rice per day. The group has been collaborating with a network of numerous cooperatives and more … [Read more...] about 500 tons of Vietnamese-labelled rice exported to EU

Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said E.U. countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retail and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include reductions in corporate income tax, import-export duties and land lease. Vo Van Hoan, Vice Chairman of the municipal People’s Committee, highlighted the importance of the E.U.-Vietnam Free Trade Agreement (EVFTA) which has entered into force, saying it has brought great and balanced benefits to both sides and there is a huge opportunity for Vietnam and the E.U. to step up bilateral economic cooperation. With the E.U.’s … [Read more...] about HCM City calls for E.U. investment in nearly 200 projects

Nearly 500 tonnes of " Com Vietnam Rice " exported to the EU. (Photo: VNA) HCM City (VNA) – Loc Troi Group JSC exported nearly 500 tonnes of rice labelled with its own brand name “Com Vietnam Rice” to the EU markets in June. Since the EU -Vietnam Free Trade Agreement ( EVFTA ) took effect, the group has exported around 30,000 tonnes of rice to the EU. It was the first time the rice was exported under its own brand name, instead of those by importers in the previous shipments, according to Loc Troi. Loc Troi Group CEO Nguyen Duy Thuan said the consignments, which mostly consist of fragrant rice, have left Vietnam and will arrived in Germany, the Netherlands and France in July. The grain will be available at France-based Carrefour, the Europe’s largest retailer and wholesaler, he said. The shipment, though not large, marks the start of the group’s journey to conquer the global market, he added. Loc Troi Agricultural Products JSC (LTA), the agricultural … [Read more...] about 500 tonnes of Vietnamese-labelled rice exported to EU

The article on Hungary Today (Photo: VNA) Hanoi (VNA) – Local media of Hungary have highlighted the visit by National Assembly Chairman Vuong Dinh Hue , which was made from June 26-28 at the invitation of Speaker of the Hungarian NA László Kövér. The Hungary Today newspaper on June 28 ran a story entitled “House Speaker Kövér: Vietnam Is a Key Partner”, quoting the Hungarian top legislator as saying after his talks with NA Chairman Hue that Vietnam is Hungary ’s key partner in Southeast Asia. While agricultural exports to Vietnam surpass imports, Hungary has “much to do” in developing bilateral economic ties, Kövér said in a joint statement after the talks. Noting that Hue led a delegation of various experts, Kövér said the visit was “promising” regarding inter-governmental, scientific, and educational cooperation, the article reported. The article on the Vietnamese NA leader's visit on Budapester Zeitung (Photo: VNA) After the talks, the speakers signed … [Read more...] about Hungarian media spotlight Vietnamese top legislator’s visit

Speaking at a working session with the Standing Board of the provincial Party Committee as part of his trip to Ben Tre, President Phuc lauded the province’s efforts in economic development, with its gross regional domestic product (GRDP) up 4.18 percent in the first half of this year. Ben Tre has combined agricultural restructuring with new-style rural area building, he said, stressing that the province has focused on developing value chains for local agricultural products. The leader pointed out challenges and limitations of the province, such as the severe impacts of climate change and rising sea levels, high poverty rate, poor production capacity, limited infrastructure, and a lack of quality personnel. Ben Tre should focus on planning, pursue green growth, boost the processing industry and energy sectors, and push ahead with urban building, he said. President Phuc asked the province to further restructure its agricultural sector, strive to adapt to climate change, … [Read more...] about Trade, services and tourism should be spearhead sectors of Ben Tre: President