PM Nguyen Xuan Phuc speaks at the forum. (Photo: VNA) Vienna (VNA) - Prime Minister Nguyen Xuan Phuc called on Austrian businesses to invest in a wide range of areas in Vietnam while addressing the Vietnam-Austria Business Forum in Vienna on October 15. PM Phuc, who is paying an official visit to Austria, suggested Austrian enterprises invest in high-tech agriculture, processing and manufacturing industry, especially agricultural product processing, high-tech zones, infrastructure development and tourism. Vietnam will also create optimal conditions for Austrian investors to buy stakes of State-owned enterprises, he promised. PM Phuc briefed participants, including representatives from 60 Vietnamese businesses and over 100 Austrian companies, on Vietnam’s economy which has grown continuously and is expected to expand by about 7 percent this year. “Vietnam will strive to maintain the growth pace to create favourable conditions for investors in the country,” he … [Read more...] about PM calls on Austrian businesses to invest in Vietnam
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HCM City keeps up efforts to fulfil yearly targets
A corner of HCM City (Photo: VNA) HCM City (VNA) – Ho Chi Minh City has basically fulfilled socio-economic targets for the first three quarters of 2018 but efforts must be kept up if the city wants to meet the yearly goals. According to Director of the city’s Department of Planning and Investment Su Ngoc Anh, the nine-month GDP totalled 903.6 trillion VND, a 7.8 percent growth from the same period last year, while budget collection reached 269.1 trillion VND, up 9.8 percent. Total retail and service revenues in the period stood at 769.3 trillion VND, an increase of 12.8 percent. Export earnings were 28.2 billion USD, up 7.7 percent while spending on imports were 34.8 billion USD, up 10.5 percent. The city attracted 5.47 billion USD in foreign investment, and welcomed 5.45 million foreign visitors in the nine months. In the remaining time of the year, the municipal People’s Committee has instructed the trade and investment promotion centre to continue supporting … [Read more...] about HCM City keeps up efforts to fulfil yearly targets
TH Group imports more dairy cows from US
One of 1,800 dairy cows imported by TH Group (Source: TH Group) Hanoi (VNA) - Vietnamese dairy firm TH True Milk (TH Group) on October 14 received nearly 1,800 dairy cows of 3 or 5-month pregnancy which were inseminated through embryo transfer from US high-yielding dairy cow Holstein Friesian. This is the largest herd of cows that TH has imported from the US so far. The group’s husbandry experts carefully examined standards related to origin, genealogy, genetic potential, appearance, physical strength, potential for milk production and ability to fight diseases in the tropical region. All individuals in the herd weigh 400-500 kg and are expected to produce 12,000 litres per head per 305 days on average. The milk production from these cows will begin in January 2019. According to Tal Cohen, General Director of the TH Milk Food Joint Stock Company - the management unit of the TH dairy cow farm, TH Group imported 1,300 dairy cows from the US in April 2017 for the … [Read more...] about TH Group imports more dairy cows from US
Tien Giang province develops fruit growing areas
A farmer harvests dragon fruits in Tien Giang Province’s Cho Gao District. (Source: VNA) Tien Giang (VNS/VNA) - Farmers in Tien Giang province, the country’s largest fruit producer, have planted 1,000ha of new fruit plants so far this year, according to the provincial Department of Agriculture and Rural Development. The Mekong Delta province has harvested a total of more than 1.3 million tonnes of fruits in the first nine months of the year, meeting 85 percent of the province’s target for this year. In recent years, the province has encouraged farmers to turn rice or other crop farming areas affected by drought and saltwater intrusion to grow specialty fruits. The province has established concentrated areas for growing specialty fruits with high commercial value, according to Cao Van Hoa, Director of the provincial Department of Agriculture and Rural Development. They include 15,000ha of pineapple in Tan Phuoc district, 9,000ha of durian in flood-prone districts … [Read more...] about Tien Giang province develops fruit growing areas
Vegetable, fruit export value exceeds crude oil for first time
At the third farmers workshop presided over by deputy Prime Minister Vuong Dinh Hue in a string of activities of “Pride of Vietnamese Farmers” program, Mr. Sung said that agro-aqua-forestry export is forecast reach US$40 billion this year. In the domestic market, farm produce consumption has been increasing according to residents’ income and industrialization and urbanization progress. Despite obtaining many achievements and greatly contributing to the country’s renovation cause, agriculture and rural field and farmers would face difficulties and challenges from international integration, climate change and domestic economic difficulties, Mr. Sung said. Farm produce consumption is a problem drawing much attention from central and local authorities and a crowd of residents now, he added.By VAN PHUC – Translated by Hai Mien Tags: Vegetable and fruit export crude oil Thao Xuan Sung Vietnam Farmers’ Union … [Read more...] about Vegetable, fruit export value exceeds crude oil for first time