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In July, the growth rate of seafood exports continued to slow down to 14% on the year, earning 970 USD million. (Photo baodautu.vn) Hanoi (VNS/VNA) - Vietnam's seafood export value is expected to slow growth to 3 billion USD in the third quarter due to a lack of raw materials and disadvantages in the market in the second half. At the beginning of the year, farmers released shrimp due to the forecast that the weather would not be too cold. They have expected to early harvest raw shrimp . However, diseases and the quality of shrimp seeds have affected farming results. According to Ho Quoc Luc, former chairman of the Vietnam Association of Seafood Exporters and Producers ( VASEP ) and also chairman of the Sao Ta Foods Joint Stock Company (FIMEX), there are three reasons for the shortage of raw shrimp, including disease, quality of shrimp varieties and water source. By the end of this year, the supply of raw shrimp will not be abundant, and prices will remain high, … [Read more...] about Seafood exports expected to reach 3 billion USD in Q3

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

An overview of the conference (Photo: VNA) Hanoi (VNA) – A project to develop a comprehensive model in building safe community against natural disasters in Vietnam , which is funded by the US Agency for International Development (USAID), was launched during a conference in Hanoi on August 11. The conference, jointly held by the American Red Cross Society, the US Red Cross Society, and others, aims to provide the project information to relevant stakeholders, and introduce the role of participating organisations in the project. The project, implemented from October 2021 to September 2023 in 16 communes and wards in Ha Giang, Son La and Thua Thien-Hue provinces, aims to enhance the capacity of the communal authorities and community organisations in supporting the community in preventing and minimising impacts from natural disasters as well as responding to the disasters, while improving the capacity of provincial authorities to coordinate resources for disaster … [Read more...] about Project to develop natural disaster-resilient community