Nms most profitable farm 2022

Participation in the EU-Vietnam Free Trade Agreement (EVFTA) has also enabled Vietnamese farm produce to make inroads into the European market. Belgium is Vietnam’s sixth-largest trade partner in the EU. Bilateral trade surged nearly 54% to 4.3 billion USD in 2021 compared to 2020, and reached 4.5 billion USD in 2022. Notably, since 2018, Vietnam and Belgium have become strategic partners in agricultural cooperation, which was an important milestone in relations. Besides agriculture , Belgium also wants to strengthen cooperation with Vietnam in fields such as tourism and healthcare. In addition to economic success, political and diplomatic relations between the two countries have also been thriving thanks to frequent high-level visits. Vietnam and Belgium have also strengthened cooperation and mutual support at multilateral forums and in international organisations. With a stable foundation over the past five decades, the friendship and cooperation between Vietnam … [Read more...] about Vietnamese farm produce finds favour in Belgium

The information comes from Generali Vietnam’s latest release issued March 16, citing that at a meeting chaired by president Andrea Sironi, the Assicurazioni Generali Board of Directors approved the consolidated financial statements and the parent company’s draft financial statements for the year 2022. Along with this, the group’s gross written premiums rose by 1.5 per cent to $86.7 billion, thanks to the positive performance of the Property and Casualty (P&C) segment, led by the non-motor line. Generali Vietnam has contributed to the group’s performance with strong growth after 12 years of operation The operating result climbed by 11.2 per cent to reach $6.89 billion, thanks to positive growth in the Life, P&C, and Holdings and other businesses segments. The Life segment grew strongly by 25.1 per cent to reach $3.73 billion, reflecting excellent technical profitability, which was also confirmed by the new business margin at 5.35 per cent – up 0.86 … [Read more...] about Generali Group touts best-ever operating results in 2022

Tran Van Thu, a local in Chau Thanh District’s Tien Long Commune, measured the salinity level in the Ba Lai and Ham Luong rivers last week. Both are tributaries of the Tien River, a branch of the Mekong River in Vietnam, which runs through Ben Tre and feeds much of the delta province’s fruit, vegetable and rice crops. Tran Van Thu holds a tool that read the salinity level in a river in Chau Thanh District, Ben Tre Province at 0.34 ppt, March 2023. Photo by VnExpress/Hoang Nam According to Thu, each of the two rivers that surround his 6,000-square-meter durian farm carried salinity levels of 0.34 (ppt). This was devastating news as his durians need fresh water with salinity levels of less than 0.2 ppt. "Every day, the river water only stays within the safe levels for about an hour, so I have to take every chance I can get [to get fresh water to the farm]." Thu’s family used to cultivate rambutan for a living, but after losing the entire farm to drought and salt … [Read more...] about Drought killing Mekong Delta durian with salt

Vietnam’s rice exports are forecast to remain favorable this year, with an estimated 6.5-7 million tons. Since August 2022, the price of Vietnam's 5% broken rice has been the highest it has ever been on the world market. Crop harvesting in the Mekong delta region. Photo: Giang Lam Vietnam's export price of 5% broken rice has been the highest in the world for several months since August 2022, surpassing Thailand's by US$15-27 per ton and India's by US$40-50 per ton, according to a report by the Ministry of Industry and Trade (MoIT). Last year, Vietnam's rice export volume reached a 10-year high of 7.1 million tons. Despite a more than 20 percent drop in export volume in the first month of 2023, the upward trend in rice export prices continued, averaging more than $519 per ton in the first two months of the year. The price increase was about 7%, offsetting the decline in volume, MoIT said. The Vietnamese Food Association (VFA) reports that the current … [Read more...] about Vietnam’s rice prices remain highest in world market

The deal includes 100 billion Swiss francs ($108 billion) in liquidity assistance for UBS and Credit Suisse from the Swiss central bank. To enable UBS to take over Credit Suisse, the federal government is providing a loss guarantee of a maximum of 9 billion Swiss francs for a clearly defined part of the portfolio, the government said. This will be activated if losses are actually incurred on this portfolio. In that eventuality, UBS would assume the first 5 billion francs, the federal government the next 9 billion francs, and UBS would assume any further losses, the government said. Switzerland's regulator FINMA said that there was a risk that Credit Suisse could have become "illiquid, even if it remained solvent, and it was necessary for the authorities to take action". Credit Suisse Additional Tier 1 shares with a nominal value of around 16 billion francs ($17.2 billion) will be written down completely after the Swiss government provided support for UBS' takeover of Credit … [Read more...] about UBS to take over Credit Suisse, assume up to 5B Swiss francs in losses

In the 35 years since its establishment, Agribank now has the largest countrywide retail network, with nearly 2,300 branches and transaction offices. Agribank has a network system twice as large as the next biggest bank and is the only commercial bank with a presence in nine out of the 13 island districts. Agribank going from strength to strength In addition, Agribank also has the largest number of employees in the banking system, with about 40,000 people. The wide coverage is a testament to Agribank’s mission to work alongside the agricultural sector, farmers, and rural communities, despite the expense of maintaining this large network and number of employees. Agribank boasts a profound understanding of the market and its customers and their communities. The bank has also set another record with the number of its customers. On average, each Agribank credit officer is responsible for approximately 800 customers. In some localities, each credit offer is responsible … [Read more...] about Agribank going from strength to strength

Over the last few weeks, the price of live hogs in Vietnam has fallen, causing livestock groups to suffer losses. In the north, prices have fallen to lower than $2.15 per kg, a two-year low. In the central and southern regions, the price is around $2.20. The cost of breeding pigs in household farmsteads is about $2.60 per kg, and around $2.15 for big husbandry companies that cover all farming stages from animal feed and seeding to slaughtering. Accordingly, farmers are suffering heavy losses, while big companies like C.P. Vietnam, Japfa Vietnam, CJ, Masan, and Dabaco cannot gain profits. All options on the table as livestock firms take on losses, photo shutterstock Towards the end of last year, many pig breeding enterprises reported losses or retreating profits over the same period. According to a February statement, local giant Dabaco saw a loss of more than $3.4 million in the fourth quarter of 2022, while it earned nearly $4.87 million in profit in the same period … [Read more...] about All options on the table as livestock firms take on losses

Twenty schools in Dong Thap Province, southern Vietnam have involved students in growing organic vegetables at school gardens in a bid to enrich their knowledge about farming and prove the model of such gardens. The vegetable gardening at these schools is part of an organic farming project backed by Seed To Table, a Japanese non-profit organization. The Dong Thap Agricultural and Rural Clean Water Service Center said on Tuesday that the project has been implemented at 20 schools in 10 districts and cities of the province, producing remarkable results. Via the project, which was launched in 2019, 20 net-roofed houses have been built to plant organic vegetables, while participating students have been equipped with farm uniforms. Furthermore, signboards have already been placed at the vegetable gardens. Many schools are growing legumes and flowers to develop an ecosystem in their gardens, while some others have planted vegetables to harvest and sell full-grown plants to … [Read more...] about Schools in Vietnam’s Dong Thap strive to engage students in vegetable gardening

A group of solar power ventures that did not make the 2021 feed-in tariff deadline remain idle and developers want fresh solutions Nearly 40 renewable power investors last week asked the prime minister to consider addressing pricing-related inadequacies in renewables development. The joint letter said that the impact of the pandemic and expiry of the country’s previous feed-in tariffs (FiTs) has resulted in 84 renewable power projects, with total capacity of some 4,600MW, falling behind schedule and failing to achieve commercial operation. Among these, 28 wind farms and six solar farms with the combined capacity of more than 2,000MW, which have cost an estimated $3.6 billion are eligible to connect to the national power grid, are still waiting for a suitable pricing mechanism. Six solar power ventures have been waiting for such a mechanism for over two years. The developers last week expressed concerns that they may go bankrupt as the government’s latest pricing band fix are … [Read more...] about Pricing structure not enough to clinch nation’s energy goals

Visitors take a boat tour at Gao Giong eco-tourism site in Cao Lanh district, Dong Thap province. (Photo: dulich.dongthap.gov.vn) Hanoi (VNA) - In recent years, many provinces and cities throughout the country have bolstered the development of rural tourism in a bid to promote their natural landscapes, people, traditional crafts and products to visitors. Rural tourism is considered as the key to facilitating economic development and fostering the building of new-style rural areas. Locals and authorities join hands to develop tourism In 2016, agricultural tourism in Dong Thap began to thrive, making the Mekong Delta province an ideal destination for domestic and foreign tourists. Currently, Sa Dec city, and Thap Muoi and Cao Lanh districts in Dong Thap province have taken advantage of their natural conditions, such as rivers, rice fields, lotus fields, and mango gardens, to build new tourism products. Tu Mach's mango garden in Cao Lanh district welcomes hundreds of … [Read more...] about Localities work to foster sustainable development of rural tourism