New farm produce

Son Van Luan, 67, director of a cooperative in Vinh Long Province’s Binh Tan district said farmers were suffering huge losses because sweet potato prices have dropped steeply. Before the Lunar New Year in February, Japanese purple sweet potatoes were bought and exported to China for VND1 million ($43.71) per 60 kg. However the price has dropped by about 85 percent to VND150,000-160,000 per 60 kg now. At the current, it is impossible to cover the investment, said Luan, adding that potato growers have never had such a difficult time. Many have decided not to plant a new crop, considering the pandemic situation, he said. Binh Tan was the province’s main area for Japanese purple sweet potato cultivation at 12,000-13,000 ha. However, the area has dropped to around 7,000 ha. "There are about 600 hectares with an output of nearly 2,000 tons that are ready for harvesting. The low selling prices have made life very difficult for farmers," said Nguyen Van Tap, Chairman of the Binh Tan …

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Deputy Prime Minister Le Van Thanh speaks at the 18th China-ASEAN Expo (CAEXPO) on Friday. — VNA Photo The 18th China-ASEAN Expo (CAEXPO) and 18th China-ASEAN Business Investment Summit (CABIS) will create a new motivation for the development of economic-trade ties between ASEAN and China as well as the growth of both sides, stated Deputy Prime Minister Le Van Thanh while delivering a video speech at the opening ceremony of the two events on September 10. He noted that the 18th CAEXPO and CABIS are being organised while ASEAN and China are celebrating the 30th anniversary of bilateral dialogue partnership and the first year of their five-year action plan. He said as both ASEAN and China are facing unprecedented impacts from COVID-19, the two sides should stay more united and promote regional cooperation with ASEAN playing the central role to push back the pandemic and speed up post-pandemic economic recovery. The two sides focus on promoting the ASEAN-China economic …

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Starting from joint activities in the francophone community, the Vietnam-Belgium relations have been making strides for the past years. A high-ranking Vietnamese delegation led by Chairman of Vietnam’s National Assembly Vuong Dinh Hue worked with top Belgian leaders and businesses in an effort to lift the relations to a new height. Chairman of Vietnam’s National Assembly Vuong Dinh Hue and President of the Belgian Chamber of Representatives Eliane Tillieux in Brussels on Sept 9. Photo: VGP In a meeting with President of the Belgian Chamber of Representatives Eliane Tillieux in Brussels on September 9, the two leaders stressed the importance of enhancing the friendship of the two countries' parliamentarians. The two countries are both members of the Organisation Internationale de la Francophonie, one of the important channels for the bilateral ties. Hue is the first Vietnamese top leaders to tour Europe after Vietnam's new leadership for the 2021-26 term …

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Deputy Prime Minister Lê Văn Thành speaks at the 18th China-ASEAN Expo (CAEXPO) on Friday. — VNA Photo HÀ NỘI — The 18th China-ASEAN Expo (CAEXPO) and 18th China-ASEAN Business Investment Summit (CABIS) will create a new motivation for the development of economic-trade ties between ASEAN and China as well as the growth of both sides, stated Deputy Prime Minister Lê Văn Thành while delivering a video speech at the opening ceremony of the two events on September 10. He noted that the 18th CAEXPO and CABIS are being organised while ASEAN and China are celebrating the 30th anniversary of bilateral dialogue partnership and the first year of their five-year action plan. He said as both ASEAN and China are facing unprecedented impacts from COVID-19, the two sides should stay more united and promote regional cooperation with ASEAN playing the central role to push back the pandemic and speed up post-pandemic economic recovery. The two sides focus on promoting the ASEAN-China economic …

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Wood exports plummet as amid virus outbreak Wood production and exports have hit a slump in recent months after showing strong numbers during the first half of the year, according to a report by the Ministry of Agriculture and Rural Development (MARD). The country exported US$8.71 billion worth of wood products in the first half of 2021, a 62.9 per cent increase year-on-year. However, the sector has been hard hit by yet another outbreak of the virus. The virus has paralysed some of the largest production centres of the industry including the southern provinces of Binh Duong and Dong Nai, said Bui Chinh Nghia, deputy head of MARD's department of forestry. "We have seen significant drops in wood exports in recent months. Exports for June, July and August dropped by 16 per cent compared to the previous three-month period. August saw the biggest drop at 22 per cent compared to July," said Nghia. More than half of the country's wood producers have had to shutter or scale down …

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At the event, Vietnamese and U.S. businesses discussed and learnt about market demands and how to deal with procedures related to importing Vietnamese products into the U.S. This was also a good chance for businesses of the two countries to seek new cooperation channels on agriculture and farm produce imports and exports. Actually, agriculture is the field that both Vietnam and the U.S. have potential, strengths, and needs to enhance cooperation. According to the Department of Agricultural Product Processing and Market Development under the Vietnamese Ministry of Agriculture and Rural Development, the export revenue of Vietnamese farm produce to the U.S. is increasing sharply. In the first quarter of this year, Vietnam achieved USD 2.04 billion in export revenue of agricultural produce to the U.S., up 57.3 percent year on year and accounting for 33.05 percent of the market share in the value of export revenue of agro-forestry-fishery products. Notably, the U.S. surpassed China to …

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Hanoi tax authorities collect taxes from Google and Apple content developers The Hanoi Department of Taxation have collected over VND39 billion (USD1.69 million) from content developers on Google and Apple during the first seven months of this year. The Hanoi Department of Taxation have collected over VND39 billion (USD1.69 million) from content developers on Google and Apple during the first seven months of 2021. Illustrative photo According to the department, they have collected taxes from 392 people that provide content services on various applications including Google Play and Apple Store. The department have collected VND 203 billion (USD8.83 million) in taxes from these content developers since 2018. The municipal tax authorities are also seeking to collect more taxes from online businesses. They are checking on the information of 32,085 businesses that are using online delivery services and 756 housing rental businesses. The department has co-operated with banks and …

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Harvesting coffee in Chiềng Ban Commune, Mai Sơn District in Sơn La province. Photo baosonla.org.vn HÀ NỘI -- More than 4,300 coffee growing households in the northern province of Sơn La will receive supports in coffee farming, production and trade under a 2-year project by the Foundation for International Development/Relief (FIDR) Vietnam Office – a Japan-based international non-Governmental organisation. The “Sustainable Coffee Project” launched on Friday via a webinar will be implemented in six communes belonging to Thuận Châu District, Mai Sơn District and Sơn La City. Nobuko Otsuki, FIDR Vietnam Office’s Country Representative, said that with sponsorship from AEON, the FIDR in cooperation with Tây Bắc University, Sơn La province authorities and several supply chain companies would work together for sustainable coffee production through community development. People join the launch of a project on sustainable coffee that offers support to more than 4,300 coffee …

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Vietnam continues to be attractive investment destination: HSBC The Vietnamese market will remain an attractive investment destination for foreign investors moving forward, the Hong Kong Shanghai Banking Corporation (HSBC) Vietnam said in its monthly macroeconomic update for September 2021. The bank cites statistics from the Vietnam Leather, Footwear and Handbag Association (LEFASO), noting more than 30% of garment makers have suspended production, prompting garment exports to drop by 4.5% in August compared to the previous month. Notably, Vietnam’s leather and footwear industry currently makes up 15% of the world’s market share, a two-fold increase during the past 10 years. Vietnam is also one of the world’s largest textile and garment makers, just behind China and Bangladesh. However, Vietnamese exports of mobile devices and components recorded a sharp increase in August, achieving an annual growth rate of 11%. Meanwhile, exports of computers and electronic products also …

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Harvesting coffee in Chieng Ban commune, Mai Son district, Son La province. (Photo baosonla.org.vn) Hanoi (VNS/VNA) - More than 4,300 coffee growing households in the northern province of Son La will receive support in coffee farming, production and trade under a 2-year project by the Foundation for International Development/Relief (FIDR) Vietnam Office – a Japan-based international non-Governmental organisation. The “Sustainable Coffee Project” launched last week via a webinar will be implemented in six communes belonging to Thuan Chau district, Mai Son district and Son La city. Nobuko Otsuki, FIDR Vietnam Office’s Country Representative, said that with sponsorship from AEON, the FIDR in cooperation with Tay Bac University, Son La province authorities and several supply chain companies would work together for sustainable coffee production through community development. Under the project, local coffee growers will have the chance to join training courses to improve their …

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