Yen Bai boasts high potential in herbal medicine development as the province owns over 630 kinds of herbal plants in 99 communes, along with nearly 1,000 traditional remedies to cue 40 groups of diseases. However, some valuable remedies are facing risks of loss, while over exploitation is threatening the existence of many kinds of plants.In order to preserve and develop the remedies, the project will encourage the engagement of social organisations in improving management over the herbal plant value chain. It will cover four communes of Dong Cuong, Mai Dong in Van Yen district, and Cam An and Bao Ai communes of Yen Binh district.The project will be implemented in 45 months at a total cost of nearly VND14 billion. It will give direct support to 300 households farming herbal plants in the four benefited localities.Along with collecting data on herbal plant regions, the project will hold some training courses for locals, support them in farming techniques and promote the role of the … [Read more...] about EU-funded project to promote herbal plant value chain
Value
EU supports improving herbal value chain in Vietnam
A project on improving the governance in the herbal value chain was launched in the mountainous northern province of Yen Bai on December 8, with the target of promoting the contribution of social organisations to the improved management capacity in the value chain of medicinal plants in Vietnam. The launch of the project in Yen Bai on December 8 The project is being carried out by the Yen Bai Centre for Science Technology Development and Community Healthcare (YENBAI CDSH) under the sponsor by the European Union (EU) delegation in Vietnam.Reports released at the project launch showed that Yen Bai has huge potential for medicinal plants with more than 630 species in 99 communes across the province, of which nearly 1,000 traditional recipes are in circulation to treat 40 groups of diseases. However, many precious medicines are in danger of being ruined, while several medicinal plants are at risk of extinction due to overexploitation.In order to preserve and develop the remedies, the … [Read more...] about EU supports improving herbal value chain in Vietnam
Electronics Industry: Imports Make up 77 Pct of Product Value
This figure was reported by the Supporting Industry Enterprise Development Centre (SIDEC) under the Industrial Policy and Strategy Institute (IPSI), Ministry of Industry and Trade, in a survey released at the Workshop on Connectivity in Electronics Industry Development in Vietnam hosted by the Central Institute for Economic Management (CIEM) in Hanoi on November 28. 95 per cent of electronics exports come from FDI firms However, 95 per cent of electronics export value is contributed by FDI enterprises. In 2016, mobile phone and parts exports valued at more than US$34 billion, 99.8 per cent of which came from FDI enterprises. In 2017, the value is expected to exceed US$70 billion but this reality will not change. This shows that the role of domestic enterprises is very weak. According to the Supporting Industry Enterprise Development Centre, most domestic companies primarily undertake assembly, supply of services and simple parts like mechanical, plastic and rubber … [Read more...] about Electronics Industry: Imports Make up 77 Pct of Product Value
Export value in 11 months exceeds yearly target
Photo: VGP/Thuy Dung The figure exceeded the export target set for the year of earning US$188 billion. The export values of the State and Foreign Direct Investment (FDI) sectors reached US$53.09 billion and US$140.66 billion, witnessing respective growths of 16.8% and 22.8%. As of November 2017, the nation’s total import turnover was estimated at US$191 billion, including US$170.63 billion for necessary import items, up 22.2% and US$11.16 billion for controlled items, up 7.9%. The nation enjoyed a trade surplus of US$2.8 billion, equal to 1.4% of the total export turnover. The Ministry of Industry and Trade forecasted that the nation may earn US$210 billion from exports for the whole year, up 18.9% from 2016. By Thuy Dung … [Read more...] about Export value in 11 months exceeds yearly target
Seminar improves value chain of Vietnam’s handicraft sector
Ta Hoang Linh, deputy head of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency, said domestic firms have paid attention to design and trademark building in order to join the global value chain. He said within the framework of the project, both sides will establish the Vietnam-RoK design cooperation centre to improve design capacity and connect domestic and foreign designers together. The project will also operate an e-commerce channel to facilitate consumption and export of handicraft products, particularly in the RoK. Participants introduced specific activities of the project and proposed solutions to develop design and e-commerce channels. The event was co-hosted by the Vietnam Trade Promotion Agency and the Korea International Cooperation Agency (KOICA). … [Read more...] about Seminar improves value chain of Vietnam’s handicraft sector