Most rice exporting country

Vietnam is among the top five rice exporters in the world, with 95 percent of its exports coming from the Mekong Delta region. However, food production is challenged bysevere climateconditionssuch as floods and shifting rainfall patterns that lead to loss of yield for paddy farmers. It is estimated that a one-percent increase in insurance penetration helps reduce disaster recovery expenditure by almost 22 percent. While insurance can hedge against inclement weather, it is expensive. Agri-insurance product development and distribution are impacted by low awareness amongst the farming community, challenging distribution economics and regulatory frameworks. Considering the above challenges and opportunity at stake, Igloo with its end-to-end insurtech capability has tried to create the most optimal value chain supported by ecosystem enablers to deliver agri-insurance at scale. With underwriting support from PVI & SCOR, Igloo utilized blockchain technology to develop a … [Read more...] about Igloo launches the first blockchain-based weather index insurance for rice farmers in Vietnam

Illustrative photo (Source: VNA) Bac Giang (VNA) – Since obtaining a certificate of geographical indication (GI) from the Ministry of Agriculture, Forestry and Fisheries of Japan ( MAFF ) in March 2021, Thieu lychee grown in Luc Ngan district in the northern province of Bac Giang has seen its competitiveness and export volume significantly rising. The fruit is the first Vietnamese farm produce to be granted such certificate from Japan, with related negotiations lasting for nearly three years. In addition to the demanding market, Thieu lychee has already earned geographical protection in six others, namely China, Laos, Cambodia, the Republic of Korea, Singapore, and Australia. Official data showed that 48.5 tonnes of the Luc Ngan lychee were shipped to Japan, and 293.5 tonnes to other markets (excluding China) in 2020. The figures soared to 56.7 and 9,500 tonnes in 2021. This year, Vietnam has so far exported 164.4 tonnes of the fruit to Japan, 36 tonnes to the US, and … [Read more...] about Luc Ngan lychee geographical indication protection proves effective

Illustrative image (Photo: VNA) Hanoi (VNA) – Two-way trade between Vietnam and Australia is expected to surpass the projection of 15 billion USD and set a new record in 2022. National Assembly (NA) Chairman Vuong Dinh Hue’s ongoing official visit to Australia is also hoped to open up new opportunities for bilateral cooperation to turn the bilateral ties into a comprehensive strategic partnership. At present, Vietnam and Australia are both members of at least three free trade agreements (FTAs), namely the ASEAN-Australia-New Zealand FTA (AANZFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and most recently the Regional Comprehensive Economic Partnership (RCEP). Thanks to these deals, bilateral trade hit 12.4 billion USD in 2021, up nearly 50% against the previous year, and surpassed the 12 billion USD in the first nine months of the year, up 31.5% year-on-year. According to the Vietnam Trade Office in Australia, the chance for … [Read more...] about Vietnam-Australia trade forecast to set new record this year

HCMC  Party Committee Secretary  Nguyen Van Nen speaks at the conference (Photo: SGGP) Today, the Executive Committee of the Party Committee of Ho Chi Minh City held a conference chaired by Mr. Nguyen Van Nen. At the conference, Secretary Nguyen Van Nen assessed that after Ho Chi Minh City basically controlled the Covid-19 epidemic, the city Party Committee and the city's entire machinery of state have been very determined to overcome the impacts of the coronavirus pandemic by implementing socio-economic recovery and development programs and plans. Despite many difficulties and challenges in 2022, Ho Chi Minh City has recovered quickly. It is forecasted that by the end of 2022, the gross domestic product will increase by over 9 percent while the annual target is from 6 percent-6.5 percent. With the above results, the Prime Minister highly appreciated the speed of recovery and socio-economic development of the city when working with Ho Chi Minh City recently. The PM said the … [Read more...] about More creative solutions needed to mobilize all resources for HCMC’s development