Standards driven development

Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further

Russia’s AVG Capital will develop a complex of pig farms in Thanh Hoa Covering an area of 1,000 hectares, the complex is designed to produce five million pigs a year. The complex will boast 43 commercial pig farms and three hybrid pig farms, a mixed feed factory with a capacity of two million tonnes per year, as well as a slaughterhouse and processing plant with a capacity of 600,000 tonnes a year. … [Read more...] about Russia’s AVG Capital to develop $1.4 billion pork processing complex in Thanh Hoa

The Covid-19 crisis continues to represent an immediate threat to both individual safety and businesses, reflecting why pandemic outbreak has rocketed 15 positions up to #2 in the global rankings at the expense of other risks. Prior to 2021, it had never finished higher than #16 in 10 years of the Allianz Risk Barometer, a clearly underestimated risk. However, in 2021, it's the number one risk in 16 countries and among the three biggest risks across all continents and in 35 out of the 38 countries which qualify for a top 10 risks analysis. Japan, South Korea and Ghana are the only exceptions. China is the only country in Asia Pacific where Pandemic outbreak is not a new risk as it was ranked #7 in 2020. … [Read more...] about Allianz Risk Barometer 2021: Pandemic outbreak overtakes Business Interruption as top business risk in China

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 exhibition contributed to honouring the creations and contributions made by graphic painters through a collection of artworks by three painters who represent three generations. In the coming time, Lunet Art will create similar spaces for talented artists, towards seeking new opportunities for artists to develop their career. So far, Lunet Art successfully sponsored many impressive exhibitions with high art values, receiving great support from artist and art lovers. … [Read more...] about VIETNAM NEWS JANUARY 26