How agriculture helps in economic development

Chairman of the municipal People’s Committee Le Quang Manh (Source: VNA) Can Tho (VNA) – The Mekong Delta city of Can Tho hopes to receive support from the World Bank (WB) and the State Secretariat for Economic Affairs (SECO) of Switzerland in institutional building, renovation, development of smart city, climate change adaption, and training human resources, said Chairman of the municipal People’s Committee Le Quang Manh on October 7. During a working session in the province to discuss potential partnership programmes on economics, trade and urban management between Can Tho and the two agencies, Manh said the city wants to learn from experience and good models in the world in administrative reform, and to perfect policies through the assistance of the WB and the SECO. Municipal authorities are focusing on promoting economic restructuring and improving quality and competitiveness for its farm produce in regional and global markets through building key … [Read more...] about Can Tho looks for foreign support to economic development

Hanoi (VNA) – Hanoi’s efforts to boost economic development have paid off, cementing the capital’s place as an economic locomotive of Vietnam. Hanoi is not only the political – administrative centre and a major cultural, scientific and educational hub of Vietnam, but also one of the country’s two economic driving forces. Director of the municipal Department of Planning and Investment Nguyen Manh Quyen said to perform its role, the city has stepped up economic restructuring associated with growth model reform to improve its economy’s quality, effectiveness and competitiveness. The local economic structure has been shifted in a way that matches the national industrialisation and modernisation process . In particular, the proportion of the service – trade and industry – construction sectors contribute to the regional gross domestic product (GRDP) has increased while that of agriculture has declined.  Notably, Hanoi has … [Read more...] about Hanoi performs well as economic locomotive of Vietnam

Representatives from businesses and agricultural associations meet at a workshop on “Unlocking Innovations in Agriculture for the Private Sector” held in HCM City on September 27. David Monck, innovation facilitator at Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO), said that unlocking results from publicly funded research for innovation that delivers economic, social and environmental benefits was a challenge facing agricultural innovation systems around the world. Speaking at the “Unlocking Innovations in Agriculture for the Private Sector” workshop, Monck said that publicly funded agriculture and food research outputs required “Science Commercialisation Partnership” approaches to fit the diverse nature of the agri-food industry.  These approaches ranged from traditional technology transfer models applied to agribusiness to more collaborative partnerships with a variety of … [Read more...] about Agricultural firms urged to innovate to compete internationally

Co-operatives display their products on the sidelines of a meeting held in HCM City on September 24 to review 15 years of implementation of the Party Central Committee’s resolution on continuing to reform, develop and improve the collective economy. - VNS Photo Xuan Huong Speaking at a meeting on Tuesday to review 15 years of implementation of the Party Central Committee’s resolution on continuing to reform, develop and improve the effectiveness of the collective economy, Le Thanh Liem, deputy chairman of the People’s Committee, said the number of co-operatives and unions of co-operatives has increased significantly over the past years to reach 2,097; 612; and six by the end of last year. They operate in various sectors, including services and trading, transportation, environmental hygiene, agriculture, industry, craft, and credit, he said. Over the last 15 years the city's collective economy has asserted its key role in socio-economic development, he said. … [Read more...] about HCM City collective economic model achieves good results

Delegates at the ceremony to mark the 10th founding anniversary of BIDC (Photo: VNA) Phnom Penh (VNA) – Cambodian Deputy Minister Men Sam An has lauded contributions of the Bank for Investment and Development of Cambodia (BIDC), a subsidiary the Bank for Investment and Development of Vietnam (BIDV), in boosting Cambodia’s economic growth. The BIDC has played a leading role among Vietnamese businesses operating in Cambodia, with strong performance in connecting economic-trade-investment activities of the two countries, she said at a ceremony to mark the 10th founding anniversary of the BIDC in Phnom Penh on September 19. Formerly known as the Prosperity and Investment Bank, the BIDC became operational in September 2009. Over the past 10 years, the bank has become one of the biggest commercial banks in Cambodia with total assets exceeding 750 million USD and outstanding balance of more than 600 million USD. Governor of the National Bank of Cambodia Chea Chanto said the … [Read more...] about Vietnamese-invested bank’s contributions to Cambodia’s economic growth hailed