Vietnamese rice imported by Vinamex is sold at the Carrefour supermarket in Brussels. Fragrant rice has been consumed in large quantities in Europe for a number of years, but not much has been Vietnamese. Rice from Vietnam has been subject to a relatively high import tax of 5% to 45%, depending on the variety. There are even some EU countries that impose an import tax on Vietnamese rice of up to 100% or higher. Under the EVFTA, the tax rate on rice is 0%, and if Vietnam makes good use of the opportunity to export its 80,000-ton quota then export turnover could quadruple compared to the present figure. … [Read more...] about Vietnamese agricultural products given opportunity to enter Europe
Seeks for opportunities
Nguyen Chi Thien, deputy director of Long An Department of Agriculture and Rural Development said they had worked with Green and Green Agriculture Company to realise the plan to use UAV in agriculture. Each UAV can spray water or pesticides over 10 hectares of rice in eight hours, 30 times faster than people and can save up to 90% of the usual amount of water. Moreover, they can be easily applied in large fields or over rough terrains. Each UAV can carry 10 litres of water and proved to be safer since the farmers do not face prolonged exposure to chemicals for a long time. Thien said the use of UAV will help boost farm automation to improve productivity. Vuong Trong Nghia, chairman of An Long Cooperatives, said they had tried the UAV in Duc Hoa District. "We'll invest into the UAVs in the future," he said. Dinh Van Chan, director of An Hi-tech Agriculture Cooperatives, also tried the UAV and confirmed that it will be a huge help for farmers and limit the negative impact of … [Read more...] about Long An seeks better agricultural efficiency with UAV
* Vo Tri Thanh is a senior economist at the Central Institute for Economic Management (CIEM) and a member of the National Financial and Monetary Policy Advisory Council. The holder of a doctorate in economics from the Australian National University, Thanh mainly undertakes research and provides consultation on issues related to macroeconomic policies, trade liberalisation and international economic integration. Other areas of interest include institutional reforms and financial systems. VNS … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
Bangkok (VNA) – Thai Deputy Prime Minister and Commerce Minister Jurin Laksanawisit has pledged to speed up adjustment of the country’s rice strategy as quickly as possible as the industry is facing an array of challenges, including a strong baht and rising production costs. Local media quoted the official as saying after presiding over a recent Thai hom mali fragrant rice fair that rice exports have fared poorly since the beginning of last year because of foreign exchange swings and the ascendant baht, making Thai rice more expensive than competing grains. The country’s Ministry of Commerce is pursuing a rice strategy to improve competitiveness, covering all systems including marketing, cultivation and R&D of new rice varieties, Jurin said, noting that it is also working to find ways to reduce production costs for farmers to make Thai rice more affordable. He added it is promoting seven rice products and seed development as part of a marketing-led … [Read more...] about Thailand adjusts rice strategy to improve competitiveness
As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam