Hanoi (VNA) – Fruits and vegetables may earn the country 4.7billion USD this year, according to the Ministry of Agriculture and RuralDevelopment.
The Ministry said it will continue encouraging farmers across thecountry to replace rice in areas producing low output with other crops ofhigher economic value such as fruit trees, vegetables or flowers.
The Ministry will also push for the use of high-quality seeds and seedlingsalong with advanced farming technology in agriculture to improve the value andcompetitiveness of domestic farm produce.
Vietnam earned over 2 billion USD from exporting fruits and vegetablesin the first half of 2018, a year-on-year rise of 19.7 percent.
During the period, Vietnamesefruit and vegetable exports to the largest markets registered high growth, withChina ranking first as the country imported 1.2 billion USD worth of products,an annual increase of 18.1 percent.
The US came second with 50.9million USD, up 14.6 percent. It was followed by Japan with 46.7 million USD,up 8 percent; the Republic of Korea with 46.5 million USD, up 15.4 percent; andThailand with 26.1 million USD; up 26.3 percent.
At present, China remainsVietnam's top export market, accounting for 74.6 percent of the latter's fruitand vegetable export turnover in the first five months.
The result is attributed to thesimilarity in demand, habits and consumer taste and close geographical distancebetween Vietnam and China. However, requirements for product quality of theChinese market are increasing as the common trend of the world.
Last year, Vietnam’s fruit andvegetable export value exceeded 3.5 billion USD. The sector is striving toreach a year-on-year growth of 10-15 percent this year, or around 4 billionUSD.-VNA
More farmland should be devoted to cultivation of fruits, especially key exports, experts said at a conference held in the Mekong Delta province of Tien Giang.
Vietnam’s fruit and vegetable exports are expected to top 4.5 billion USD by 2020, with fruits accounting for 3.6 billion USD, according to the Crop Production Department.
Can Tho city in the Mekong Delta has called on companies to strengthen cooperation with local farmers in boosting the export of fruits, especially the city’s three key fruits of longan, star apple and mango.
The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade has supported businesses to promote Vietnam’s farm produce and food products in the world, especially Asian markets such as China and the Republic of Korea (RoK).
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
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Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
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According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
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