Rice production

Minister of Agriculture and Rural Development Nguyễn Xuân Cường said the agreement is a golden opportunity for agricultural exporters, especially as businesses are trying to recover from COVID-19, and products that are good enough for the EU could do well in other countries too. … [Read more...] about Production reform, awareness of EU regulation needed among agriculture businesses for EVFTA: experts

Soc Trang (VNA) – Export revenue of the Mekong Delta province of Soc Trang reached 470 million USD in the first six months of 2020, up 26 percent over the same period in 2019, despite impact of the COVID-19 pandemic and severe salinity. Of the total, 332 million USD came from aquatic products, a rise of 24.83 percent, and 97 million USD from rice, 2.2 times higher than that in the same time in 2019. A number of local fisheries firms predicted that shrimp exports will rise strongly in the coming months, even by 50 percent year on year in July. Experts attributed the results to Vietnam’s strong performance in controlling the pandemic and local firms’ efforts in enhancing the quality and designs for their products. In 2020, Soc Trang aims to earn 900 million USD from exports, including 670 million USD of fisheries sales. To this end, the province has directed the industry and trade sector and businesses to expand markets, while focusing on traditional ones and … [Read more...] about Soc Trang’s export revenue grows 26 percent despite COVID-19

According to a report from the People’s Committee of Chuong My district, in recent days, due to the heavy rain, the water level at Bui and Tich Rivers has continued to swell. On July 30, the water level at Bui reached its peak of 7.52m, about 1m higher than the third warning level – an alarming level that caused widespread flooding in downstream areas; many construction, transportation and irrigation works suffered heavy damage. … [Read more...] about Hanoi considering mass evacuation due to floods

In order to help enterprises overcome their difficulties and prepare to welcome new investment after the pandemic, the province’s leaders assigned departments and relevant authorities to implement solutions to support businesses. Notably, the province organised numerous meetings, seminars, and working sessions with investors and enterprises to discover their difficulties. In addition, the province entered into a co-operation with the State Bank of Vietnam to build supporting policies for businesses, including decreasing loan interest and extend debt payment deadlines. Besides, the Department of Taxation supported enterprises to extend the deadline for tax payments and the fee for land rental. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 7

Hanoi (VNA) – The June consumer price index (CPI) rose 0.66 percent month-on-month and 3.17 percent year-on-year but was down 0.59 percent against December 2019, the General Statistics Office reported on June 29. The average CPI in the first half grew 4.19 percent, while core inflation (CPI excluding grains, fresh foodstuffs, energy, and State-managed healthcare and education) was 2.81 percent higher than in the same period of last year, data reveals. Seven of the eleven groups of main consumer goods and services recorded month-on-month price hikes in June - transport (6.05 percent), food and restaurant services (0.44 percent), beverage and cigarettes (0.09 percent), household appliances and goods (0.07 percent), medicine and healthcare services (0.01 percent), education (0.01 percent), and other goods and services (0.19 percent). Three groups saw falling prices - housing and construction materials (0.42 percent), postal and telecoms services (0.04 percent), and culture, … [Read more...] about CPI up 0.66 percent in June