Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimized many advantages of the E.U. - Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice production. Therefore, to boost farm exports to the E.U., the sector is advised to pay more attention to green growth indicators through making policies and roadmaps to reduce greenhouse gas and methane emissions in accordance with international … [Read more...] about Vietnam develops green agriculture to increase exports to E.U.
Urban developers
FDI hoped to help realty market develop sustainably in long term
The real estate sector was at second position in FDI attraction in Vietnam last year. (Photo: baodautu.vn) Hanoi (VNA) – Vietnam’s real estate sector last year attracted an additional 1.85 billion USD in foreign direct investment (FDI), retaining its second place among industries drawing FDI with combined investment of 4.45 billion USD, accounting for 16.1% of the total FDI poured into the country, according to the Ministry of Construction. real estate enterprises, helping to promote the sustainable growth of the market in the long term. Phu My Hung Urban Area in Ho Chi Minh City. (Photo: VNA) According to the General Statistics Office, from the beginning of this year to January 20, 2023, the total registered FDI capital in Vietnam reached 1.69 billion USD. VNA … [Read more...] about FDI hoped to help realty market develop sustainably in long term
Viet Nam, Netherlands eye further cooperation in sustainable development
Pineapple processing at Dong Giao Foodstuff Export JSC in the northern province of Ninh Binh. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries. — VNA/VNS Photo Thuy Dung Due to their similar geographical features and advantages, the Viet Nam and the Netherlands have increased their sustainable development partnership in agriculture, water management, and climate change adaptation, said Ambassador of the Netherlands to Viet Nam Kees van Baar. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Dau tu (Vietnam Investment Review). Close co-operation between the two sides has resulted in new visions and the blooming of business cooperation, with a growing number of the Netherlands' companies doing business and investing in Viet Nam. The Netherlands is the … [Read more...] about Viet Nam, Netherlands eye further cooperation in sustainable development
PM chairs monthly teleconference with localities
At the event (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on February 2 asked the Government, ministries, agencies and localities to boost production and trade, deal with difficulties to be faced by businesses and people this month to achieve rapid and sustainable socio-economic development. Chairing the Government’s monthly teleconference with localities, PM Chinh said since the beginning of this year, the Government has followed the Party Central Committee’s conclusions, the National Assembly and Government’s resolutions and Party General Secretary Nguyen Phu Trong’s directions on 2023 socio-economic development. Ministries, agencies and localities have also drastically performed their assigned tasks. In January, macro-economic situation was basically stable. The consumer price index rose by 0.52% month-on-month and 4.89% year-on-year. As of January 17, credit growth hit 0.65% compared to the end of last year, meeting public demand before and during the … [Read more...] about PM chairs monthly teleconference with localities
Digital technology to spearhead Vietnam’s drive for Industry 4.0
By 2025, the Ministry of Information and Communications expected Vietnam to have 80,000 digital tech firms, meeting at least 50% of digital tech and services from state agencies. Vietnam aims for the digital technology industry to lead the implementation of Industry 4.0 in the country, with revenue growth 2.5 times higher than the overall GDP expansion rate. ICT to help Vietnam realize the digitalization process. File photo The target was revealed in the Ministry of Information and Communications (MIC)’s directive for information and communication technology (ICT) development in 2023 and the 2024-2025 period. "Digital technology focused on design, creation, and manufacturing in Vietnam is the main industrial sector driving the nation's industrialization and modernization, contributing to greater digitalization capability and shaping a digital country," the MIC stated. Under the plan, the ministry expected revenue from the ICT sector would hit US$165 … [Read more...] about Digital technology to spearhead Vietnam’s drive for Industry 4.0
Vietnam publishes book on Communist Party chief’s anti-corruption
The book shows the Party Chief’s comprehensive direction in the graft fight drawn from practice and foresight on issues of Party building, anti-corruption, and the country’s development. Vietnam today [February 2] introduced the launch of a 600-book on the corruption fight by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. The book on Anti-corruption was written by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. Photo: NLD Titled “Persistently determined to prevent and fight against corruption and negative phenomena, contributing to building an increasingly transparent and strong Party and State”, the book summarizes the anti-corruption direction of the General Secretary, who is also head of the Central Steering Committee on Anti-corruption. The book, published by the National Political Publishing House, will be released in print and online. The online version is available for free on stbook.vn . … [Read more...] about Vietnam publishes book on Communist Party chief’s anti-corruption
FDI to Vietnam’s real estate rises by over 70% in 2022
Vietnam's real estate market continues to show strong appeal to foreign investors despite global economic difficulties. The foreign direct investment (FDI) into Vietnam’s real estate market in 2022 rose by over 70% yearly to US$4.45 billion, focusing on industrial and large-scale commercial projects, according to the Ministry of Construction (MoC). Real estate projects in Hanoi. File photo The MIC’s report suggested that real estate stands second among sectors with the highest FDI attraction in 2022, which showcases “the strong appeal of the market to foreign investors amid a difficult global economic environment.” Neil MacGregor, Managing Director of Savills Vietnam, echoed this view by saying foreign investors remain attracted to Vietnam, especially in production, retail, logistics, and real estate. He expected the attention from foreign investors would help the local real estate accelerate the recovery process this year. Regarding this sentiment, HSBC … [Read more...] about FDI to Vietnam’s real estate rises by over 70% in 2022
Party chief’s book on fight against corruption and negative phenomena released
Participants at the ceremony (Photo: VNA) Hanoi (VNA) – A ceremony was held in Hanoi on February 2 to release the book entitled “Resolutely, persistently fighting corruption and negative phenomena to contribute to building more transparent and stronger Party and State” by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. The release of the book is part of activities to celebrate the 93rd founding anniversary of the CPV (February 3) and the 10th anniversary of the establishment of the Central Steering Committee for Prevention and Control of Corruption and Negative Phenomena (February 1). Jointly published by the CPV Central Committee’s Commission for Internal Affairs and the Su That (Truth) National Political Publishing House, the book presents directions of comrade Nguyen Phu Trong as the Party leader and head of the steering committee in a systematic manner, and demonstrates the Party’s consistent ideology on the prevention and control of … [Read more...] about Party chief’s book on fight against corruption and negative phenomena released
Ho Chi Minh City leader highly values contribution by Cambodian Consul General
Nen spoke highly of the diplomat’s performance, which he said has greatly helped enhance the friendship, solidarity, and cooperation between the two countries, including between Ho Chi Minh City and Cambodian localities, the Sai Gon Giai phong daily reported. He said he believes in new positions, Sok Dareth will continue dedicating to bilateral connections. Authorities at all levels of Vietnam and Cambodia should act more effectively to implement the guidelines and policies issued by high-ranking leaders so as to lift the two countries’ relations to a new height, the host official noted, affirming that Ho Chi Minh City is ready to do its utmost to develop bilateral ties more strongly. For his part, Sok Dareth thanked the Vietnamese Party and State, as well as authorities and people of Ho Chi Minh City for their support to his office and himself to fulfill duties. He congratulated the Southern metropolis on its achievements and applauded the local administration’s provision of … [Read more...] about Ho Chi Minh City leader highly values contribution by Cambodian Consul General
Vietnam, Trinidad and Tobago set up diplomatic ties
Ambassador Dang Hoang Giang (R), Permanent Representative of Vietnam to the United Nations, and Ambassador Dennis Francis Smith, Representative of Trinidad and Tobago to the Un ited Nations (UN) exhange the joint statement. (Photo: VNA) Hanoi (VNA) – Vietnam and Trinidad and Tobago officially established the diplomatic ties on February 1. Ambassador Dang Hoang Giang, Permanent Representative of Vietnam, and Ambassador Dennis Francis Smith, Representative of Trinidad and Tobago to the United Nations (UN), on behalf of the two governments, signed a joint statement on the establishment of the diplomatic ties between the two countries at New York. Accordingly, Vietnam and Trinidad and Tobago agreed to exchange diplomatic representatives at the ambassadorial-level under the 1961 Vienna Convention on Diplomatic Relations. On the same day, the document was sent to UN Secretary-General Antonio Guterres for circulation and to UN member countries for information. With the … [Read more...] about Vietnam, Trinidad and Tobago set up diplomatic ties