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Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 26. Deputy Prime Minister Le Minh Khai works with WTO Deputy Director-General Zhang Xiangchen (Photo: VNA) - Deputy Prime Minister Le Minh Khai visited the headquarters of the World Trade Organisation (WTO) in Geneva and worked with its Deputy Director-General Zhang Xiangchen on May 25 afternoon (local time). Read full story Participants at the forum (Photo: VNA) - Vietnam wants to see more investment from the United Kingdom in hi-tech agriculture, from cultivation to processing, preservation and distribution of farm produce and foods, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien. Read full story - A visiting high-level delegation from Ho Chi Minh City on May 26 held talks with a delegation of the Lao capital Vientiane, headed by Chairman of the municipal People’s Council Anouphap Tounalom. Read full story - The Corporate … [Read more...] about ☕ Afternoon briefing on May 26

The Hanoi government will improve mechanisms and policies to encourage the participation of the private sector in the field of high-tech agriculture. Hanoi needs to remove two barriers of capital and land to attract businesses to invest in high-tech agriculture, according to local media. Applying high-tech in agriculture is inevitable for the capital city’s farming sector, especially in face of the Industrial Revolution 4.0 which has strong impacts on socio-economic life. In order to remove the agricultural development hindrance, the Hanoi government has implemented a number of solutions such as providing businesses, cooperatives, cooperative groups, farms, and households with money from the city's funds for processing and conservation of high-tech agricultural products. Tending hydroponic vegetables at Duc Phat High-tech Agricultural Cooperative (Thanh Tri district). Photo: Ba Hoat In particular, under the Hanoi Agricultural Sector’s restructuring plan … [Read more...] about Hanoi needs to remove barriers to develop high-tech agriculture

The city has supported localities in building large-scale rice farming and encouraged businesses to expand distribution networks in the domestic market and exports. Hanoi is promoting sustainable rice production as a key solution to meet the growing demand for domestic consumption and exports. A delegate of the Hanoi's Department of Agricultural and Rural Development inspects organic farming production at Thach That District. Photo: Anh Ngoc Organic rice farming in Dong Phu Commune, Chuong My District, is considered one of the examples of rice production under the value chain. The Director of the Dong Phu Organic Agricultural Cooperative Trinh Thi Nguyet said from the original area of five hectares, the cooperative has now expanded its production area to 40 hectares. “The entire crop harvested would be later processed and distributed to other provinces/cities, as well as for exports,” Nguyet told The Hanoi Times . According to Nguyet, prices of … [Read more...] about Hanoi promotes sustainable rice production

Vietnam expecting to spend even more on imports - illustration photo Southeast Asia is facing rising inflation, a problem that is exacerbated by the failure of energy and food prices to fall. Last month, the Monetary Authority of Singapore (MAS) tightened monetary policy for the third time since October to deal with inflation that is expected to heat up. According to analysts, the MAS has redefined the midpoint of the popular exchange rate policy band and slightly increased the slope of currency appreciation to help the Singapore dollar strengthen against the currencies of other countries. However, the MAS did not change the width of its policy band – a move the institution usually would take when markets are volatile. As a result, the Singapore dollar rose about 0.5 per cent to $1.35 after the MAS’ move. The agency considered the possibility that core inflation would pick up sharply in the coming months, before being revised later this year, due to the sharp increase in … [Read more...] about Vietnam expecting to spend even more on imports

Bắc Giang estimates lychee output at about 180,000 tonnes this year, harvesting from May 20 until July 20. — VNA/VNS Photo HÀ NỘI — Enterprises expect the export of lychees this year to increase by about 30 per cent this year. As an enterprise specialising in exporting vegetables and fruit to fastidious markets such as Japan and the EU, Ameii Vietnam Joint Stock Company (Ameii Vietnam) has strengthened control of exports and is seeking new customers. Now, the company is negotiating with customers and is expected to increase lychee exports by about 30 per cent compared to last year, said Ameii Vietnam general director Ngô Thị Thu Hồng. Notably, this year's lychee exports to fastidious markets such as Japan and the EU are expected to grow. Hồng said Ameii Vietnam was working with more than 20 Japanese partners and more than 10 EU partners to export this fruit. The company has mainly exported fresh lychees every year. However, this year, besides fresh lychees, it has used … [Read more...] about Enterprises expect strong growth in lychee exports

One-third of the number of large-scale enterprises in Hanoi have invested in high-tech agriculture. Hanoi has been promoting the application of hi-tech models to farming in an effort to build up supply-production chains connecting cities and provinces nationwide. Hanoi has 22 cooperatives applying high technology. Photo: kinhtedothi.vn The capital city has developed 160 hi-tech farming models in the outskirt districts of Me Linh, Gia Lam, Thuong Tin, Dong Anh, Thanh Oai, and Dan Phuong, in which nine enterprises specializing in livestock, aquaculture, preliminary processing - consumption of agricultural products including CP, Dabaco, CJ Vietnam, Minh Long, Hanoi Cattle Breeding JSC, and others are investing in high tech agriculture in the city. Director of the Hanoi Animal Husbandry and Veterinary Sub-Department Nguyen Ngoc Son told a conference on May 25 in Hanoi that the situation of livestock and poultry diseases has been complicated and unpredictable … [Read more...] about Hanoi promotes application of hi-tech farming models

Legislation review necessary to increase tempo on public disbursement activities, illustration photo/ baodautu.vn Assoc. Prof. Pham The Anh from the National Economics University said that changing the slow disbursement of public investment would be very challenging because of legal risks and responsibility. “I don’t think the slow disbursement is due to the lack of motivation by those responsible for the implementation,” said Anh. “In the past two years, the bottlenecks in public investment were related to the legal environment,” he added, citing legal problems in land clearance. “The Vietnamese government still has the ability to keep up with the disbursement speed by reviewing the legislation related to public investment decisions.” In 2022, the government expects to disburse $17.69 billion according to Decision No.2048/QD-TTg dated December 6, 2021 on assigning state budget investment for 2022. “The latest directives are aimed at disbursing public investment on schedule … [Read more...] about Legislation review necessary to increase tempo on public disbursement activities

Deputy Prime Minister Lê Minh Khái (right) had talks with WTO Deputy Director-General Zhang Xiangchen on May 25. — VNA/VNS Photo GENEVA — Deputy Prime Minister Lê Minh Khái visited the headquarters of the World Trade Organisation (WTO) in Geneva and had a working session with its Deputy Director-General Zhang Xiangchen on May 25 afternoon (local time). Khái said that after 15 years of WTO membership, Việt Nam has gained numerous achievements in socio-economic development, successfully implemented sustainable development goals, and become one of the world’s largest commodity economies in 2021. He affirmed Việt Nam treasures the organisation’s central role in promoting an open, transparent, rules-based multilateral trading system; and hopes that WTO continues upholding its coordinating role to boost the global trade in an inclusive and equal manner, thus contributing to economic recovery and growth. The Deputy PM suggested that the WTO reform process should ensure a balance of … [Read more...] about WTO welcomes Việt Nam’s active engagement in global economic growth

A vehicle exploiting sand from the Tiền River in the Mekong Delta province of Hậu Giang. — VNA/VNS Photo Nhựt An MEKONG DELTA — Many provinces of the Mekong Delta are facing a shortage of river sand that is affecting the completion of major construction projects. In An Giang Province, a project to construct a bypass began in January, with a total investment of over VNĐ2 trillion (US$86 million). However, only 4 per cent of the targeted progress has been reached, due to a lack of river sand. Phan Duy Lai, deputy general director of the Mỹ Thuận Project Management Board, said currently, only 5,000cu.m of river sand is transported to the construction site daily. However, 8,000-10,000cu.m of river sand is needed per day to ensure the planned progress, he said. In Vĩnh Long Province, data from the provincial Department of Natural Resources and Environment shows that the province is predicted to lack about 5.5 million cu.m of river sand for construction this year. "The lack of … [Read more...] about Mekong Delta faces shortage of river sand for major construction projects

Shrimp processing for export (Photo: VNA) Hanoi (VNA) – Taking advantage of free trade agreements and flexibly adapting to world unstable development, Vietnam’s spearhead economies such as fisheries, garment and textiles and wood production are accelerating exports to increase turnover. According to statistics of the Vietnam Customs, as of May 15, export turnover reached 135 billion USD, up 15.5 percent year-on-year. Full of orders The Vietnam Textile and Apparel Association ( VITAS ) forecasts that the sector could enjoy an export turnover of 42-43.5 billion USD this year. Than Duc Viet, General Director of Garment 10 Corporation, said that the corporation has received enough orders for its traditional products throughout the third quarter of 2022 and its customers are confident in the flexibility and adaptability of Vietnamese enterprises. The wood processing sector is also full of orders till the fourth quarter of 2022. Vice President of the Ho Chi Minh … [Read more...] about Vietnamese export increases in both quantity, quality