Vietnam, Japan ink deal to develop agricultural value chain
Vietnam Cooperative Alliance & Japan’s Komtek Corporation will cooperate in developing value chains for agricultural products of cooperatives in Vietnam to help improve the country's competitiveness.
Vietnam Cooperative Alliance (VCA) and Japan’s Komtek Corporation inked a deal on developing value chains for farming products in Vietnam. (Photo: VNA)
Hanoi (VNA) – The Vietnam Cooperative Alliance (VCA) and Japan’s Kom🐬tek Corporation will cooperate in developing value chains for agricultural products of cooperatives in Vietnam as a way to help improve the country’s competitiveness.
VCA President Vo Kim Cu and Chairman of Komtek Corporation Nguyen Hoang Ly inked a three-year Memorandum of Understanding on developing microeconomics through sustainable value chain.
The two sides agreed to establish funds to financially support vulnerable players – particularly members of the cooperatives – while information technology will be applied to build up a database and enhance management of the VCA.
The VCA will also promote its farming products and agricultural investment into Vietnam domestically and overseas.
A workshop is scheduled between the VCA and its provincial chapters, cooperatives and agribusiness across the country in January. Trade promotion for the products will be organised in China, the Republic of Korea, Japan and Russia in the second and third quarters.
Speaking at the signing event in Hanoi on January 14, Vo Kim Cu said it is important to develop small-scale businesses and the linkages between agricultural producers, researchers, banks and the VCA before building larger-scale cooperatives and cooperative alliances toward sustainable logistics and supply chain.
Komtek Chairman Vu Hoang Ly said the firm would help farmers and cooperatives access soft loans from the Government and international credit agencies.-VNA
Public-private partnership in developing rice value chain was the focus of discussion at a Southeast Asia forum on the future of rice held in Ho Chi Minh City on October 14-16.
President of the Vietnam Fatherland Front Central Committee Nguyen Thien Nhan has described new-style cooperatives as the most important player in agricultural restructuring.
With the country's increasing international integration, more and more co-operatives focused on strengthening their competitiveness by improving technologies and management.
Building production and logistics chains is one of the solutions proposed by a provincial official in the Mekong Delta in order to create breakthroughs in agricultural development.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Vietnam Cooperative Alliance (VCA) and Japan’s Komtek Corporation inked a deal on developing value chains for farming products in Vietnam. (Photo: VNA)
