Vietnam
Agriculture sector restructuring prioritized next year
VietNamNet Bridge – Priority will be given to the restructuring of agriculture next year to ensure higher growth for the sector, the Ministry of Agriculture and Rural Development said in a statement.
|
A big rice field in the Mekong Delta province of Hau Giang. Priority will be given to the restructuring of agriculture next year to ensure higher growth for the sector |
The statement came out after a conference held in Hanoi on December 26 to review the agriculture sector’s performance in 2016 and discuss development plans for next year.
Minister Nguyen Xuan Cuong said the sector had made three important achievements this year: growth of 1.2%, export revenue of US$32.1 billion, up 6% against last year, and higher food safety.
The export turnover spike has resulted from a significant rise in exports of major products, including coffee with a 25.5% year-on-year increase, cashew nuts with an 18% improvement, pepper with a 13% surge and seafood with a 6.3% uptick.
As for next year, the ministry will focus on developing 10 major products which can register export revenue of over US$1 billion each and key products of each province.
After major and signature products are determined, the ministry will develop specialized cultivation areas and choose key enterprises while the State agencies assigned to manage the production of those products will make financial and technology preparations.
The targets which the ministry set for next year include growth of 2.5-2.8% and export revenue of US$32-32.5 billion.
Attending the conference, Prime Minister Nguyen Xuan Phuc stressed the need to further improve the quality of agricultural products, add more value to them, instead of focusing only on quantity, apply advanced technology to production, and strengthen the capacity to respond to natural disasters.
The policies which obstruct the development of agriculture should be revoked, he was quoted by a Government news website report.
He told the agriculture ministry to work with the Ministry of Natural Resources and Environment and other relevant agencies to make recommendations for amending the Land Law in a way that facilitates the implementation of large-scale farming projects.
The central bank should take policy steps that encourage banks to lend to agricultural…
Vietnam
Vietnam’s Tay Ninh Province: Promising for Investors in the Greater Mekong Subregion
The SKER is one of four key economic regions which cover most economic and investment hubs in the country. The SKER consists of Tay Ninh along with Ho Chi Minh City, Binh Duong, Dong Nai, Long An, Ba Ria-Vung Tau, Binh Phuoc, and Tien Giang.
Vietnam’s Tay Ninh province located in the Southern Key Economic Region (SKER) acts as a key connection point between Ho Chi Minh City and Cambodia’s capital Phnom Penh, sharing a border with Cambodia at Moc Bai and Xa Mat border gates, the main trade centers between the two countries.
(more…)Vietnam
Why Vietnam is Forecast to be the Fastest Growing Internet Economy in Southeast Asia
Since the beginning of the pandemic, customer demand for online purchases has increased dramatically. More than 70 percent of Vietnam’s population has internet access, 50 percent have used online shopping, and 53 percent have used e-wallets or online payments.
Vietnam is projected to be the fastest-growing internet economy in Southeast Asia in the next 10 years according to the e-Conomy SEA 2021 report by Google, Temasek, and Bain, Southeast Asia’s Internet economy research program. It also predicts that by 2025, the country’s overall internet economy will likely reach US$57 billion in value with a compound annual growth rate (CAGR) of 29 percent.
(more…)
True and Dtac Merger Talks Highlight Necessity of Scale at Thai Telcos
The merger between True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication (Dtac), a subsidiary of...
Vietnam’s Tay Ninh Province: Promising for Investors in the Greater Mekong Subregion
The SKER is one of four key economic regions which cover most economic and investment hubs in the country. The...
Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)
What measures has SET taken to support listed companies’ compliance with ESG standards?PAKORN PEETATHAWATCHAI: PAKORN: When we first began promoting...
Quarantine Exemption for Vaccinated Travelers in Thailand: What You Need to Know
Fully vaccinated travelers from 63 “low-risk” countries and regions can now enter Thailand without any quarantine requirements.
Thailand eases entry rules from 16 December 2021
What’s New: In addition to arrival by air, travellers will be allowed to enter by land (at Nong Khai’s border...
