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According to Mr. Nguyen Quoc Toan, Director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development (MARD), every year, the EU imports agricultural products with a total value of about US$160 billion. Vietnam has many dominant commodities, but some products have not made the most of the advantages from the EVFTA to export to the EU. For instance, Vietnam is the world’s largest cashew nut exporter, but it has not yet benefited from exporting processed cashew to the EU market. Despite the advantage of a quota of 20,000 tons, the cane sugar industry has not had any optimistic signals yet. Honey exports to the US are the highest, followed by China and Japan, but honey exports to the EU remain modest. With the addition of the EU market, it will diversify markets and prevent breakages of the supply chain. Moreover, exporters will not be on the back foot, looking for new markets. Under the EVFTA, deeply-processed products from … [Read more...] about Enterprises yet to make use of EVFTA when exporting agricultural products to EU

The scholar highlighted national unity as the root factor for national development, adding that the role of the overseas Vietnamese community in national development had been affirmed very early. In recent years, the younger generations of Vietnamese abroad have gained more influence in the fields of artificial intelligence, big data, digital transformation and automation. With the support of the previous generations, those aged 30-50 are in a good position to foster cooperation between Vietnam and the countries they are living in. … [Read more...] about VIETNAM NEWS JANUARY 26

It eliminated three stocks from the VN30-Index including ROS, Saigon Beer – Alcohol – Beverage Corporation (SAB) and EXIMBANK (EIB), while adding Bao Viet Holdings (BVH), Phat Dat Real Estate Development JSC (PDR) and Tien Phong Commercial Joint Stock Bank (TPB). … [Read more...] about Market finishes lower as investors abandon bank stocks

According to Duong Thi Hang, vice president of the Hanoi Farmers’ Association, in the 2015-2020 period, there were 3,200 farming households in Hanoi achieving the title of good producers and businesspeople thanks to the application of science and technology. … [Read more...] about Hanoi promotes science and technology in agricultural production

The value of the local ecommerce market, despite falling short of the previous forecast by US$14-15 billion, accounted for an estimated 5.5% of the country’s total retail sales of goods and services last year, according to the Ecommerce and Digital Economy Agency. … [Read more...] about Local ecommerce sector marks impressive growth