Agriculture

A container is loaded at Chu Lai Port in Quang Nam Province. Vietnam lacks a well-connected logistics network which can boost agricultural product trade and export. (Photo: VNA) Hanoi (VNS/VNA) - Despite being considered as the driving force of Vietnam’s economic growth, agriculture has been held back by an incomplete logistics system which fails to ensure quality and connect farms with markets, according to Ministry of Agriculture and Rural Development (MARD). Vietnam has recently opened its doors for agricultural products to be exported to the international markets, yet struggled to win over customers and couldn’t compete with products from other countries in terms of quality and price due to drawbacks of the existing logistics system. Most small- and medium-sized enterprises fail to afford the cost of logistics services.   According to Vietnam Association of Logistics Services Enterprises, the expenses for storing and transporting agricultural products account … [Read more...] about Poor logistics system hinders agricultural products’ trade

The agro-forestry-aquatic sector boasts great potential to attract more investment, while also contributing to the country’s export turnover (Photo: Le Toan) Over the past few months, TH Group has spent millions of US dollars on beefing up production of fresh milk products. Not only being locally consumed, these products are also exported to China, where TH has become the first Vietnamese enterprise to be allowed by China’s authorised agencies to export fresh milk products into this gigantic market with a population of 1.4 billion people. Under a protocol signed in April between Vietnam’s Ministry of Agriculture and Rural Development (MARD) and China’s General Administration of Customs on veterinary and health requirements for dairy products to be exported, TH Group has met all strict requirements and conditions set by China. Also, in April, TH Group inked an MoU for a strategic partnership on market development and consumption of foodstuffs, farm produce, … [Read more...] about Agriculture driving economic growth

At the awarding ceremony (Photo: VNA) Can Tho (VNA) – The Japan International Cooperation Agency (JICA) on December 11 presented the 15th JICA President Award to Can Tho University. At the awarding ceremony, Chief Representative of JICA’s Vietnam Office Konaka Tetsuo said the annual award aims to honour excellent individuals and organisations for their contributions to human resources and social development in developing countries via international cooperation projects. This year, the award is presented to 58 individuals and organisations worldwide, he added. Rector of the Can Tho University Ha Thanh Toan, for his part, said it is a great honour of the university to receive the award, adding the university has affirmed its prestige and important role as a leading education and training facility in the Mekong Delta region, particularly in the field of agriculture. Since its establishment in 1966, the university has carried out a wide range of researches on rising sea … [Read more...] about Can Tho University receives JICA President Award 2019

Prime Minister Nguyen Xuan Phuc said at conference in the delta’s Can Tho City Tuesday that out of the country’s 7.8 million hectares of arable land, 4.1 million hectares were reserved for rice. Solutions to produce good products, reduce prices, ensure sufficient output and adapt to climate change need to be discussed, he said, adding that farmers should not over-plant rice so as to prevent a reduction in soil quality and environmental pollution. Authorities should have policies to support key agricultural products, and to help farmers access resources necessary to produce them, bring their prices down and increasing profits, Phuc said. Cutting rice production and switching to other crops has been an issue on the table for a while now, since the crop was a "risky one" and "cannot ensure economic efficiency," Minister of Agriculture and Rural Development Nguyen Xuan Cuong had said at a National Assembly session last month. Cutting down 500,000 hectares under paddy from the … [Read more...] about Mekong Delta paddy fields to grow higher-value crops, animals: PM

Resolution No 10/2017 of the municipal People’s Council, which seeks to encourage investment to transform the farm sector into a modern, efficient and sustainable one in 2017-20, provides for the subsidy. The loan amount entitled to the support will be based on the investment scale and the regulations of the lending organisation.  The subsidy will be equal to the average VND12 month deposit interest rate at four State-owned banks - Agribank, BIDV, Vietcombank, Vietinbank - plus 2%. If the lending interest rate is lower than the subsidy rate, the subsidy provided will be equal to the former. The subsidy will cover the following components: basic construction, machinery and equipment for agricultural production and processing, harvesting birds’ nest, buying new fishing vessels and upgrading machine capacity, replacing existing unproductive dairy cows, and seed and hi-tech agricultural production. The term of support will depend on the approved production cycle but not … [Read more...] about HCM City to pay interest for hi-tech farms