Harvesting dragon fruits for export in Long An Province. Việt Nam hopes to be allowed official export of dragon fruit to China this year. — VNA/VNS Photo China is the largest export market of Vietnamese fruits and vegetables, accounting for nearly 65 per cent of the total fruit and vegetable export value, according to Đặng Phúc Nguyên, general secretary of the Việt Nam Fruit and Vegetable Association. Besides durian, Việt Nam hopes to be granted official export permission for jackfruit and dragon fruit to this market from now to the end of this year. With increasing quality, Vietnamese fruits are popular among Chinese consumers. The fruit exports are forecast to maintain growth, especially with increasing demand during the holiday season. Last year, Việt Nam signed fruit protocols with China, bringing many advantages to Việt Nam's fruit and vegetable export activities. Phùng Đức Tiến, Deputy Minister of Agriculture and Rural Development, said that Việt Nam would continue … [Read more...] about China is the largest export market of Vietnamese fruits and vegetables
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Defining the role of the press in business
Keijo Norvanto, Ambassador of Finland to Vietnam On behalf of the Embassy of Finland to Vietnam and the Finnish business communities in Vietnam, I would like to congratulate Vietnam Investment Review on its 32 nd anniversary. I would like to express our appreciation to the VIR editors and its dedicated and talented reporters for their continuous work, introducing the Vietnam business environment and opportunities to Finnish businesses. Moreover, VIR ’s continuous cooperation with us provides the audience with Finnish experiences and know-how in education, circular economy, and other advanced technologies. The Vietnamese government committed to net-zero by 2050 and recently joined the Just Energy Transition Partnership declaration that aims to contribute to Vietnam’s sustainable development. In that, Finland possesses globally competitive technology and expertise in many areas, which will help Vietnam achieve the country-set targets. Additionally, our proven … [Read more...] about Defining the role of the press in business
De Heus opens $20 million aqua feed mill in Can Tho
The De Heus Can Tho Aqua Feed Mill is designed with a total capacity of 240,000 tonnes annually and is dedicated to producing basa fish feed. All products are manufactured using state-of-the-art European and United States production technology. The entire production process, from input to output, is controlled by a fully automated system and strictly managed in accordance with ISO 22000, BAP and GLOBAL G.A.P. standards. Speaking at the ceremony, Koen De Heus, CEO of De Heus Animal Nutrition said, "We strongly believe white fish products are among the most healthy, delicious and sustainable animal protein products. Therefore, De Heus is actively investing in building our capabilities in this sector, especially in Asia and Africa. Vietnam is positioned well to become one of the world’s most important sources of aquatic proteins. We are committed to keep developing our strategic position in Vietnam together with our local and international partners.” Johan van den Ban, CEO of De … [Read more...] about De Heus opens $20 million aqua feed mill in Can Tho
Soft momentum likely for Q3: UOB
According to the latest report of UOB, after starting off the year at a sluggish pace, with real GDP growth in Q1 decelerating to 3.28 per cent on-year, from 5.92 per cent in the previous quarter, growth momentum in Vietnam remained lethargic, largely due to weak external demand coupled with an underperforming manufacturing sector. As a result, economic growth in Q2 expanded just 4.14 per cent on-year, for a cumulative growth rate of 3.72 per cent on-year in H1, well below the official growth target of 6.5 per cent. In terms of sectoral performance, manufacturing (including construction), which accounts for about 34 per cent share of the economy, managed to gain about 1.1 per cent on-year in Q2 with a positive contribution in H1. Meanwhile, the services sector (43 per cent share) managed to cushion some of the weaknesses from the external sector, rising 6.1 per cent on-year in Q2 following the 6.6 per cent on-year run in Q1. The services sector contributed 2.7 percentage points, … [Read more...] about Soft momentum likely for Q3: UOB
Vietnamese goods introduced in France
Vietnamese Deputy Minister of Industry and Trade Do Thang Hai (second from left) and other delegates an area displaying Vienamese products at a Systeme U supermarket. (Photo: VNA) Paris (VNA) – A Vietnamese goods week kicked off at Système U supermarket chain in Paris, the capital city of France , on September 25, with the participation of 15 Vietnamese businesses. The event, which is co-organised by the Vietnamese Ministry of Industry and Trade, Système U Group and T&T Foods Company, aims to introduce Vietnamese products to French consumers. It will open up prospects for other products, contributing to promoting direct exports to France and countries where the group's outlets are based, Hai went on. Vietnamese Deputy Minister of Industry and Trade Do Thang Hai (fift from left) and other delegates cut ribbons to kick off the Vietnamese goods week at Systeme U supermarket chain in Paris (Photo: VNA) The Vietnamese Goods Week, the first of its kind, offers a … [Read more...] about Vietnamese goods introduced in France
Hanoi, Shanghai businesses agree to build high-tech complexes
Both Hanoi and Shanghai expect to lure more tech developers to the city. The Hanoi Ancillary Industry Business Association (HANSIBA) and N&G Group on September 26 validated an agreement with the Shanghai business delegation. The signing ceremony between HANSIBA, N&G Group, and the Shanghai business delegation. Photo: Khac Kien/The Hanoi Times Under the agreement, the companies in Vietnam and China will proceed with all administrative procedures and bring their production lines into operation in 2024, thus benefiting both sides. The three parties will work towards developing a Vietnam-China technology complex and begin with the setup of a Hanoi-Shanghai facility in the second zone of the Hanoi Southern Supporting Industrial Park (HANSSIP). The complex, called Techno Park, will be of international standards. It is designed to accomplish the 17 sustainable development goals eyed by the United Nations. The complex will draw Chinese and … [Read more...] about Hanoi, Shanghai businesses agree to build high-tech complexes
Indonesia’s Q1 FDI hikes over 20%
According to data from the Indonesia’s Ministry of Investment, the first quarter FDI, which excludes investment in the banking and oil and gas sectors, was worth 177 trillion IDR (11.96 billion USD), up 43.3% compared to the last quarter of 2022. Investment Minister Bahlil Lahadalia said that FDI in the manufacturing sector, especially the metal industry, in Q1 ranked first, which showed the government policy to give added value on natural resources has had a positive impact. Indonesia is due to ban the export of raw minerals like copper and bauxite from June as part of efforts to attract investment into its metals processing industry and boost the value of its exports. Singapore, China’s Hong Kong, and China provided the largest share of the FDI in the first quarter with investment of 4.3 billion USD, 1.5 billion USD and 1.2 billion USD, respectively, according to the ministry’s data. At a news conference, Bahlil said challenges to achieve the investment target included a … [Read more...] about Indonesia’s Q1 FDI hikes over 20%
Seminar on Truong Sa archipelago opened in Hanoi
The seminar drew the participation of Senior Colonel Tran Dung Trieu, a retired officer of the Department of Military Science of the Ministry of National Defense; comrade Nguyen Duy Xa who is a veteran of Brigade 125 under the Naval Service performing tasks in the Truong Sa archipelago; teacher Le Minh Phuong from the International Finnish Kindergarten whose husband is Commanding Officer of DK1/20 Platform of the Naval Service. During the event, participants watched a documentary featuring training and combat readiness mission as well as production of troops and islanders in Truong Sa island district and on DK1 Platforms and in waters and on islands of the country. They also listened to stories of guests about their visits to the national islands and platforms, and difficulties facing troops on duty in the areas, to name but a few. Colonel Cao Tien Son, Political Commissar of Hai Ba Trung district’s Military Command, held that the seminar aimed to help participants understand more … [Read more...] about Seminar on Truong Sa archipelago opened in Hanoi