Agriculture

Illustrative photo (Source: VNA) Hanoi (VNA) - Fishery exports reeled in 10.14 billion USD as of November this year, up 27% annually, said the Ministry of Agriculture and Rural Development. Of the sum, Tra fish and shrimps contributed 2.2 billion USD and 4.1 USD, up nearly 62% and 14.6% year-on-year, respectively. Tra fish’s sharp increase was thanks to the strongest annual surge in the product’s average price, at 50%. Exporters have also seized an opportunity to increase their market share created by the Russia-Ukraine conflict which limits the supply of white fish. Overall, shrimp export turnover has retained good growth so far thanks to strong rises recorded in the first half of the year. In the last half, the value declined due to a decrease in market demand and a short supply of raw materials. The product’s average export price did not increase as strongly as Tra fish, as it faced significant competitive pressure from those of Ecuador and India. Illustrative … [Read more...] about Fishery exports exceed 10 billion USD in 11 months

Chairman Vuong Dinh Hue congratulated the important achievements that Albanese's Government has made over the past six months, especially in economic development, social security and climate change response, affirming Australia's reputation and role in the international arena. For his part, PM Albanese emphasized that the official visit to Australia by Chairman Vuong Dinh Hue and the high-ranking delegation of the Vietnamese National Assembly is the first high-level visit between the two countries since they fully reopened their borders. It is of great significance in the context of the two countries preparing to celebrate the 50th anniversary of diplomatic relations next year, he said. He appreciated the practical results of his recent meetings with President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh in the framework of the Asia-Pacific Economic Cooperation (APEC) Economic  Leaders’ Meeting and the Association of Southeast Asian Nations (ASEAN) Summits, respectively. … [Read more...] about National Assembly Chairman meets Australian Prime Minister

The Vietnam Rubber Association (VRA) last month proposed to the Ministry of Finance (MoF) to consider applying a VAT policy on preliminarily processed rubber and latex, similar to other agricultural products. The VRA also urges for the application of preferential corporate tax for income from the harvest of liquidated rubber trees, like other crop products, and a land rent exemption policy for replanted rubber areas during the construction period. The goal is to remove difficulties for the entire value chain, from rubber growers to exporters. Rubber producers continue to brood over tough prices and tax complexities, photo Le Toan In Ho Chi Minh City, Hoa Thuan Trading Co., Ltd. is still waiting for a tax refund of $2 million for rubber exports. Representative Tran Le Thu said, “When completing tax refund procedures in Ho Chi Minh City, the company have to wait for the agency to verify invoices for purchasing raw materials in the provinces.” Thu also pointed towards “a … [Read more...] about Rubber producers continue to brood over tough prices and tax complexities

At the International Exhibition of Science and Technology Innovation, more than 400 leading Asian scientific and innovative works were selected from 16 Asia Pacific countries. Countries and ideas that bring scientific and creative achievements were celebrated at the conference held at the Coex convention centre. The Korea Invention Promotion Association awarded a silver medal to Nam Cau Kien Eco-Industrial Park The Vietnamese delegation to the conference included works that have won the Vietnam Innovative Science Prize - Vifotec 2021 and were selected by the scientific council of the organising committee as the leading scientists and economists in Asia. Nam Cau Kien Industrial Park, Hai Phong, was awarded a special creative award by the Masaei Charitable Association for Pham Hong Diep. The investor of Nam Cau Kien Industrial Park has successfully built an ecological industrial park model and was awarded a silver medal by the Korean Invention Promotion Association for … [Read more...] about Nam Cau Kien Industrial Park honoured at international innovation exhibition

At the event. (Photo: VNA) Can Tho (VNA) – Sharing experience in response to challenges arising from new trends in international trade and investment was the focus of a conference held in Can Tho city on November 30. The event, which was jointly organised by the Ministry of Foreign Affairs in coordination with the People’s Committee of Can Tho city and Hanns Seidel Foundation Vietnam, offered an opportunity for the local administration and businesses to take advantage of opportunities from the new trends and create momentum for the Mekong Delta to over difficulties and lay a foundation for sustainable growth in the future. In her remarks, Nguyen Bich Thuy, Deputy Director of the Department for Multilateral Economic Cooperation at the Ministry of Foreign Affairs, said that the COVID-19 pandemic has affected all aspects of the socio-economic life and changed the way the economy and commercial model operate. This caused difficulties in production and business, … [Read more...] about Conference seeks to tackle challenges in international trade, investment