It was according to Andy Yun, Secretary General of Singapore Manufacturing Federation representing more than 3,000 members operating in automation, biology, construction, heavy industry and more, during the second Vietnam – Singapore business exchange held in the island state on March 17. Many Singaporean firms are interested in investing in the food industry, agriculture, and dining services in Vietnam as they forecast that these sectors would thrive in the near future amidst broader ASEAN integration. Yun described Vietnam as a major market in the region with potential of agriculture and food industry. Meanwhile, Singaporean enterprises are strong in technology, supply chain and logistics – a supplementary factor to bilateral partnership. Nguyen Van Than, Chairman of the Vietnam Association of Small and Medium-sized Enterprises, led a delegation of over 100 Vietnamese firms, many of them are start-ups, to the event. He said many Singaporean enterprises … [Read more...] about Singaporean businesses interested in food industry, agriculture in Vietnam
Agriculture in vietnam
PM Phuc calls for Thai firms to boost investment in VietnamThe Saigon Times Daily Prime Minister Nguyen Xuan Phuc speaks at the Vietnam-Thailand Economic Cooperation Forum in Bangkok during his official visit to the neighboring country last week - PHOTO: VGP HCMC - Prime Minister Nguyen Xuan Phuc has urged Thai companies to make the most of mergers and acquisitions and the equalization of State-owned enterprises (SMEs) to boost their presence in Vietnam, according to a Vietnam News Agency report. At a meeting with leading Thai firms in Bangkok on August 18 during his official visit to Thailand, Phuc said Vietnam’s gross domestic product has risen to more than US$220 billion and that the country is striving to meet ASEAN 4 basic criteria in the business environment by 2020. In his meeting with Chairman of the Electricity Generating Authority of Thailand Kornrasit Pakchotanon, Phuc proposed accelerating construction work on a thermal power … [Read more...] about PM Phuc calls for Thai firms to boost investment in Vietnam
VietNamNet Bridge - The government has decided to disburse VND100 trillion for farming projects to help develop hi-tech agriculture. It is the biggest-ever credit package given in the field. The government has decided to disburse VND100 trillion for farming projects to help develop hi-tech agriculture. It is the biggest-ever credit package given in the field. It is nearly half as much of the stimulus package the government once launched to curb the economic recession in 2009, worth $9 billion. RELATED NEWS Falling Red River water levels hurting VN agriculture Concerns emerge over farmland limit rise Kim Chi … [Read more...] about $4.4 billion enough to build hi-tech agriculture in Vietnam?
Land-rent exemption and reduction, cost support for advertising, vocational training, and base construction investment, etc. are incentives and assistance that enterprises are entitled to when investing in agriculture and rural areas. Enterprises shall receive certain incentives and support when implementing investment projects in the fields of application of biotechnology and high technology in production; production of materials and processing of cattle and poultry feeds; production of handicrafts; and protection services of plants and animal health in rural areas; etc. PLF aggregates and classifies the incentives and facilitation as follows: ● Investment projects implemented in geographical areas with extremely difficult economic-social conditions: o Land use levy shall be exempt if the land is allocated by the State; o Land and water surface rents shall be exempt from the date of project commencement; o … [Read more...] about Investment incentives in agriculture in Vietnam
(VOVWorld) Vietnam has been hailed as an outstanding example of agricultural development for developing countries at the 42nd World Economic Forum in Davos, Switzerland, thanks to government policies on agriculture and rural development over the past 25 years of renewal. Since the 6th National Party Congress in 1986, agriculture and rural development has been playing a strategic role in the country’s socio-economic development. So far, Vietnam’s food production increased 150%compared to that of 1985 while meat production is 400% and forest coverage is 200% higher. Agricultural production not only ensures sufficient supply to meet domestic demand but also contributes a great deal of Vietnam’s exports. In particular, food commodities made a great leap forward after the 10th National Party Congress’ Resolution allowed farmers better access to land, forest, sea, and water resources for production, along with incentive policies on free trade and investment. From … [Read more...] about Affirming the role of agriculture in Vietnam’s economy