Fertilizers help to increase agricultural production

Craft products displayed at the festival. — VNA/VNS Photo Phuong Anh Ha Noi’s first-ever festival displaying a wide range of agricultural products and craft villages is taking place in the capital city, with the participation of 185 exhibitors. The event, which opened its doors here on Saturday, is the first of its kind to be held in the capital city with an aim of promoting the nation’s agricultural sector whilst simultaneously supporting to connect producers and consumers. Moreover, the festival also provides a venue for businesses to seek additional opportunities to expand co-operation in agriculture, boost technology transfer between individuals, organisations, and businesses globally, in addition to serving agricultural production and rural development. Over 300 booths showcase products in the capital’s agriculture and rural development, especially those participating in the One Commune-One Product (OCOP) programme. A total of 28 provinces and cities … [Read more...] about Ha Noi’s first festival on agricultural products and craft villages opens

Prime Minister Nguyen Xuan Phuc has signed a Resolution covering solutions to encourage and foster investment in sustainable and safe development of agriculture. Prime Minister Nguyen Xuan Phuc (first, left) visits a typical agricultural development model in the Southern province of Binh Phuoc in 2018. Photo: VGP The Resolution aims to untap huge potential of the country’s agricultural sector, especially land and human resources. The Government plans to increase the number of enterprises effectively investing in agriculture to 80,000-100,000 by 2030. Of the total, around 3,000-4,000 are large-scale businesses, the Resolution reads. The Government also sets the goals to maintain growth rate of agriculture, forestry and aquaculture at 3% annually meanwhile the export value of agriculture, forestry and aquaculture is expected to increase by 6%-8% annually. To achieve the above goals, the Government will focus on improving related institutions and administrative procedures … [Read more...] about Government plans to have 100,000 enterprises in agriculture by 2030

Exports of wood and wood products in November this year touched $1.08 billion. In the first eleven months of this year, wood and wood product exports were estimated at $9.64 billion, an increase of 19.5 percent over the same period last year. According to the Vietnam Timber and Forest Product Association, from 2018 to now, foreign direct investment into wood processing industry has increased rapidly through newly registered and additional capital projects, and capital contribution via the form of purchase of shares of investors from China, Japan and South Korea. By the end of September this year, Vietnam’s wood industry received 67 new investment projects with total investment capital of above $581 million, 2.3 times higher than total registered capital of last year. China led the list of largest investors in wood processing industry of Vietnam with 40 projects, accounting for nearly 60 percent of total number of investment projects. However, wood industry still faces various … [Read more...] about Wood exports increase thanks to foreign investment

The Van Phan Dien Chau Seafood Joint Stock Company has large-scale production, it exports its products and is providing jobs for a large number of residents. The company’s Van Phan fish sauce product has been certified four times as a nationally-recognized rural industrial product. Company Director Vo Van Dai said that although it has carved a market niche, the company is facing increasingly tough competition. Although the company has procured modern production lines, ensured food safety and hygiene, and has its trademark registered, it will take it a long time to access supermarket-based distribution systems, Dai said. In an attempt to improve production packaging and technology, the provincial industry promotion sector has developed solutions to increase sales of industrial products and help manufacturers improve their production capacity and product quality. The province has received financial support for businesses with industrial products certified or honored at district and … [Read more...] about Nghe An Province promotes rural industrial products

Illustrative image (Source: VNA) Hanoi (VNA) - Remittance to Ho Chi Minh City in the first quarter of 2018 increased by 4.5 percent against the same period last year to reach 1.12 billion USD, a central bank official said. According to Nguyen Hoang Minh, Deputy Director of State Bank of Vietnam (SBV)’s HCM City branch, most of the remittance is invested in production and business instead of being poured into real estate, securities or savings as previously. Roughly half of the remittance to the city came from the United States, Canada and Australia, he said. The remittance to HCM City has been rising in recent years, Minh said, predicting that the capital source to the city will continue to be positive this year. HCM City remained the largest recipient of remittances in Vietnam last year, with an inflow of 5.2 billion USD, a 4.5 percent year-on-year increase. Last year’s remittance hike was a contrast to many predictions that the remittance to Vietnam would reduce due … [Read more...] about Remittance to HCM City increases to 1.12 billion USD