Many contracts are being signed for 2019, signalling strong prospects for the sector, Photo: Le Toan Nguyen Duc Long, CEO of Long Nam Trade and Investment Company which specialises in farm produce exports in the northern province of Hung Yen, is negotiating with South Korean and Indonesian partners new contracts to export coffee in the first half of 2019. “It is expected that next month we can finalise the contracts, which will follow our current successful contracts with these partners for this year,” Long told VIR. “Our company’s 11-month export turnover climbed by 20 per cent and the same rate is expected for the whole of 2018.” Currently, half of the company’s total revenue and profit come from exports. The success has contributed to the Vietnamese agro-forestry-fishery sector’s laudable export achievements in the 11 month period. The Ministry of Agriculture and Rural Development (MARD) last week reported that the agro-forestry-fishery … [Read more...] about Agriculture sector breaking records
Agriculture
Agriculture cooperation prospects for Vietnam, Argentina
Chairman of Can Tho People’s Committee Vo Thang Thong (R) and rgentine Ambassador to Vietnam Juan Carlos Valle Raleigh (Photo VNA) Can Tho (VNA) – The People’s Committee of the Mekong Delta city of Can Tho held a working session with Argentine Ambassador to Vietnam Juan Carlos Valle Raleigh on December 6 to discuss cooperation prospects between the city and Argentine partners. The Ambassador reiterated the Argentine government’s open door policy and called on foreign businesses to invest in the country. He said Vietnam is not only a priority market in Argentina’s export diversification and expansion strategy but also an important trading partner in Asia and the third-biggest importer of Argentine products in the region. The diplomat noted that Argentina has strengths in agriculture while Can Tho is a driving economic force of the entire Mekong Delta with many agricultural and aquatic products with high export value, a fact attracting a large number … [Read more...] about Agriculture cooperation prospects for Vietnam, Argentina
Forum promotes exports of agricultural products to EU
Participants shared the trends of Vietnam’s agricultural products in major export markets and their experience in the development of smart agriculture – one of the EU’s strategies. Speaking at the forum, Deputy Minister of Industry and Trade, Cao Quoc Hung, emphasised that the EU is a prosperous economic region with its GDP accounting for 23% of the world’s nominal GDP and an annual average per capita income up to US$40,890. The forum offered an opportunity for economic experts to share difficulties and challenges for Vietnam – EU trade, helping enterprises to remove barriers and obstacles in production and business as well as providing updates and forecasts on the EU’s policies and regulations for imported agriculture products. Many trade experts said that the first barrier for the exports of Vietnam’s agricultural products to the EU market was the lack of linkage between farmers and enterprises. According to a representative from the MoIT, … [Read more...] about Forum promotes exports of agricultural products to EU
VBF 2018: Investment opportunities in smart agriculture
In the quest for bigger yields and greater environmental protection in agriculture, arguably the most important transformation these days is the increasing use of digital technologies in "smart farming" or "Farming 4.0," which is a new sector for investment in Industry 4.0. There are great opportunities in smart and connected technology in agriculture (Image source: thegioinhanong.org) The introduction of mineral fertiliser and the industrialisation of production processes, connectivity, and data management are bringing the Fourth Industrial Revolution into farming. Smart digital farming has been recognised as the highest-ranking technology opportunity in terms of its expected positive impact on society. While precision agriculture (the use of satellite navigation, remote sensing, and other tools to farm each square metre as efficiently and sustainably as possible) has been evolving for some time, and information technology has now reached a point where it is not only … [Read more...] about VBF 2018: Investment opportunities in smart agriculture
Vietnam, China deepen agricultural cooperation
Vietnamese Deputy Minister of Agriculture and Rural Development Tran Thanh Nam holds talks with Deputy Customs Commissioner-General Zhang Jiwen. (Photo: VNA) Beijing (VNA) – Vietnam and China have reached consensus on further bolstering agricultural cooperation. Vietnamese Deputy Minister of Agriculture and Rural Development Tran Thanh Nam on December 3 had a meeting with Chinese Deputy Minister of Agriculture and Rural Affairs Qu Dongyu, during which they expressed their delight at the sound collaboration between the two ministries across the fields of plantation, husbandry and aquaculture. Discussing measures to develop agriculture and rural areas in both nations, they agreed to set up a ministerial dialogue mechanism every six months besides the annual meeting of the Vietnam-China joint committee on agricultural cooperation. The same day, Nam had a working session with the General Administration of Customs of China (GACC) which is responsible for supervising animal … [Read more...] about Vietnam, China deepen agricultural cooperation