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Investing in building a strong brand presence and enhancing digital marketing skills are essential investments that can propel businesses forward in the digital transformation era. Hanoi aims to further step up the adoption of e-commerce in farm produce consumption, targeting sustainable development of the local agricultural sector in the technological era, said Acting Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan. Farm produce available on e-commerce platforms. Photo: Ha Phuong/The Hanoi Times "E-commerce platforms serve as a safe and efficient channel for product consumption and play a crucial role in developing brand identities," said Lan. … [Read more...] about Hanoi boosts e-commerce adoption in farm produce sales

Hanoi stimulates the consumption of One Commune, One Product (OCOP) products through numerous promotional and networking events. Many trade promotion events for Hanoi's OCOP products associated with the culture of provinces in the Central Highlands and Southern regions will be held until the end of 2023, according to the Hanoi Department of Agriculture and Rural Development. A consumer shops at the Hanoi Farm Produce Fair 2023 in Ung Hoa District. Photo: Hoai Nam/The Hanoi Times Nguyen Van Chi, Deputy Head of the Hanoi Coordination Office of the New Rural Construction Program, said last week's event on Trinh Cong Son Pedestrian Street is the beginning of a series of trade promotion activities for the sale of OCOP products and safe farm produce linked to the culture of provinces and cities across the country. More than 100 booths with over 2,000 OCOP products were displayed at the fair. Consumers in the city had the opportunity to access specialties from 35 … [Read more...] about Promotional events in Hanoi boost sales of OCOP products

Over the past years, trade and investment relations between Vietnam and Latin America have continually developed and expanded, said Ta Hoang Linh, Director of the MoIT’s European - American Market Department, at the event, held in Ho Chi Minh City from September 13 to 15. He cited statistics showing that bilateral trade doubled to 23 billion USD in 2022 from 14.2 billion USD in 2018. It stood at 13.4 billion USD in the first eight months of 2023, down 14% from a year earlier. Despite the fall during January - August, it is encouraging that the decline has recently slowed down compared to the first months of the year. Particularly, the eight-month trade with some markets has posted year-on-year increases, signalling the recovery of Vietnam - Latin America trade, he went on. Notably, aside from the biggest Latin American markets like Brazil, Mexico, Argentina and Chile, many others in the region such as Panama, Colombia, and Peru have also recorded impressive growth in trade with … [Read more...] about Latin America among most important markets for Vietnam: official

Employees of a timber company examine a tree in an FSC-certified forest in Tuyên Quang Province. Sustainable management of forests is one of the requirements at the heart of EVFTA. — VNA/VNS Photo Quang Cường The EU-Việt Nam Free Trade Agreement (EVFTA) includes a chapter dedicated to sustainable development that covers not only environmental but also labour-related issues, said an official of the Ministry of Industry and Trade. Ngô Chung Khanh who is Deputy Director General of the ministry's Multilateral Trade Policy Department said the issues of climate change, biodiversity, and the sustainable management of forest and living marine resources in bilateral trade had been brought to the fore since the formation of the agreement. Vietnamese producers, under EVFTA, must now actively engage in the fight against illegal, unreported, and unregulated (IUU) fishing and fishing-related activities, and implement measures to exclude IUU-related products from the trade flows. They are … [Read more...] about Green transition holds the key to the EU market

Tra fish exports fetch 558 million USD in the first four months, a decline of 40% year-on-year. (Photo: VietnamPlus) Hanoi (VNA) – Export enterprises must make reasonable adjustments and diversify their export products based on the specific demands of each market, and seek to take advantage of free trade agreements and explore new markets in order to compensate for drops in farm product exports to existing markets, said Minister of Agriculture and Rural Development Le Minh Hoan. Although the export of agro-forestry-aquaculture products experienced steady growth in 2022, the overall export picture in the first four months of 2023 has shown contrasting developments. While the export of aquatic and forestry products has continuously declined, the shipment of rice and fruits has seen robust growth. Key export sectors see sharp plummet According to the Global Commodity Markets Outlook 2023 released recently by the World Bank (WB), commodity prices in 2023 are … [Read more...] about Exploring new markets needed to boost export of agricultural products: Minister

At the opening ceremony of Cargill 's Provimi plant in Dong Nai. (Photo: VNA) Dong Nai (VNA) – The US-based global food conglomerate Cargill has freshly opened its 28 million USD premix plant in the southern province of Dong Nai. Located at the Giang Dien industrial park in Trang Bom district, the Provimi Premix factory spans 30,000 square metres and is capable of annually producing 40,000 tonnes of premixes - mixtures of vitamins, minerals, trace elements and other feed additives that are incorporated in the compound feed. With an automation rate exceeding 95%, the facility, currently the most advanced of its kind in Asia, was built to expand and completely replace the old Provimi factory in Bien Hoa City. At the inauguration ceremony on September 25, Acting Chairman of the Dong Nai People’s Committee Vo Tan Duc acknowledged Cargill’s efforts and determination in implementing the project and its corporate social responsibility particularly in food security, … [Read more...] about Cargill inaugurates 28 million USD premix factory in Dong Nai

According to the diplomat, Brazil is the number one partner in the Latin American region of Vietnam. With a population of more than 211 million, Brazil is a promising market for Vietnam. The country is also the gateway for Vietnam to enter the Latin American market, she said, adding that Vietnam is also a door for Brazil to ASEAN and other Asian countries. Ambassador Hoa said that PM Chinh is the first leader of Vietnamese Party and Government to pay an official visit to Brazil since the trip by Party General Secretary Nong Duc Manh in 2007. Therefore, it bears great significance to the promotion of bilateral partnership in the future, she said, holding that it will mark the opening of a new period of cooperation between Vietnam and Brazil. Talks and meetings between PM Chinh and Brazilian President Lula da Silva, leaders of the Federal Senate and authorities of a number of states of Brazil as well as local businesses are hoped to beef up bilateral cooperation and deepen the … [Read more...] about PM’s visit hoped to lift Vietnam-Brazil ties to new height: Ambassador

Host and guest shared the view that the formation of the Comprehensive Strategic Partnership for peace, cooperation and sustainable development on the occasion of the recent state visit to Vietnam by President Joe Biden will open up a new stage for the intensive and extensive cooperation between the two countries, particularly in economy, trade and investment. Pham Minh Chinh thanked the Trade Representative for her contributions to the development of the bilateral ties, and suggested the two sides actively coordinate to quickly materialize agreements reached by their high-ranking leaders, including the U.S.’s priority of accelerating the recognition of Vietnam’s market economy mechanism, and further opening door for Vietnamese goods like garments-textiles, footwear and farm produce, as well as its consideration of interests of Vietnamese businesses, and not imposing trade remedies on Vietnamese goods on the basis of ensuring balance, fairness and mutual benefits. The PM also … [Read more...] about Prime Minister suggests Vietnam, U.S. create cooperation breakthroughs

Prime Minister Pham Minh Chinh (right) and US Trade Representative Katherine Tai. (Photo: VNA) Washington D.C. (VNA) – Prime Minister Pham Minh Chinh suggested Vietnam and the US create breakthroughs in cooperation in science-technology, innovation, and education-training at a meeting with US Trade Representative Katherine Tai in Washington D.C. on September 19. Host and guest shared the view that the formation of the Comprehensive Strategic Partnership for peace, cooperation and sustainable development on the occasion of the recent state visit to Vietnam by President Joe Biden will open up a new stage for the intensive and extensive cooperation between the two countries, particularly in economy, trade and investment. Chinh thanked the Trade Representative for her contributions to the development of the bilateral ties, and suggested the two sides actively coordinate to quickly materialise agreements reached by their high-ranking leaders, including the US’s priority of … [Read more...] about PM suggests Vietnam, US create cooperation breakthroughs

Prime Minister Pham Minh Chinh (R) and Treasury Secretary Janet Yellen . (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh met with Treasury Secretary Janet Yellen in New York on September 20 (local time) to discuss cooperation between Vietnam and the US in economy and finance, and to share views on other issues of shared concern. The meeting took place as part of the Vietnamese leader’s trip to the US for the high-level week of the 78th session of the United Nations General Assembly, and bilateral activities in the country. Chinh affirmed that Vietnam considers the US a leading important partner, and stands ready to work together with the country to promote the bilateral relationship intensively, extensively, stably, and practically. Vietnam also regards cooperation in economy, finance, trade and investment as a priority of the bilateral comprehensive strategic partnership, and highly valued substantive contributions by Yellen and the US Department of the … [Read more...] about PM meets US Treasury Secretary, leaders of economic groups