Policy dialogue on sustainable development held in Hai Phong

Illustrative image (Source: VNA) HCM City (VNA) – Nearly 120 domestic and foreign fisheries firms will join the Vietnam Aquaculture Expo & Forum at the Can Tho International Exhibition Fair Centre in the Mekong Delta city of Can Tho from October 25-27. The event will be co-hosted by the Directorate of Fisheries, the Vietnam Fisheries Society, the municipal branch of the Vietnam Chamber of Commerce and Industry and the UMB Corporation, with nearly 4,000 guests taking part. At a press conference in Ho Chi Minh City on August 10, Vice Director of the Directorate of Fisheries’ Department of Science, Technology and International Cooperation Vu Duyen Hai said the event affords participants a chance to choose advanced technologies to improve fisheries output, quality and processing. On display will be farming equipment, fisheries feed and manufacturing equipment, processing and packaging lines, among others. Issues regarding varieties quality, epidemic diseases, aquaculture technology, processing and export, markets, services and sustainable development will also be discussed. As part of the event, the Mekong Chef 2017, themed “Festival of Vietnamese tra fish and trade promotion”, will be held with a view to introducing processed tra fish from professional chefs at home and abroad to visitors. The organising board will partner with the municipal Department of Agriculture and Rural Development and the centres for agricultural encouragement of 13 Mekong Delta cities and provinces to bring farmers to the event.-VNA... [read more]

The fund for sugar development is expected to increase the sector’s effectiveness and sustainable development. — VNA/VNS Photo Thanh Tan Viet Nam Sugarcane and Sugar Association (VSSA) has submitted a plan to relevant agencies for the establishment of a fund for sugar industry development. The association said the fund is aimed at restructuring the sugar sector to increase its effectiveness and sustainable development. According to the agriculture restructuring plan approved by the Government, sugarcane-growing area would be some 300,000ha, producing two million tonnes of sugar by 2020 and 2.6 million tonnes of sugar by 2030. The sector is required to implement synchronous solutions from material production to sugar products to reach the set targets. It must renew technologies to increase average sugarcane productivity to more than 70 tonnes per hectare and sugar productivity to seven tonnes per hectare, and reduce production costs to less than VND500,000 (US$22) per tonne of sugarcane. These would help sugarcane farmers earn some VND40 million per hectare and bring the sugar price to less than VND10,500 per kilo. Plants will have to restructure their sugar products by reducing raw sugar and increasing refined products as well as promoting investment in alcohol, ethanol and micro-life fertilisers. Ha Huu Phai, head of VSSA’s representative office in Ha Noi, said the restructuring would need significant capital of hundreds of billions of dong, which would be supported by voluntary contributions of sugar farmers, plants and initial help from the…... [read more]

HCM City, August 10 (VNA) – Businesses with green production processes and products that are safe and environmentally friendly perform better, heard a workshop held in Ho Chi Minh City on August 9.  The workshop, held by the HCM City Food and Foodstuff Association and the city’s Investment and Trade Promotion Centre, highlighted green products as the way of the future.  A Nielsen Vietnam survey shows that about 80 percent of consumers in Vietnam are willing to pay more for products made of environmentally friendly materials. About the same percentage are willing to pay more for goods without ingredients they don’t want.  Green consumption and production towards sustainable development is a hot topic in many countries, including Vietnam. Environmentally friendly products are considered effective investments as they both benefit consumers’ health and minimise negative impacts on the environment, participants at the event heard.  Food processing is one of the four key industries HCM City is focusing on developing.  Director of the municipal Department of Industry and Trade Pham Thanh Kien said in recent years, the city has helped food processing companies apply new and advanced technologies to create high-quality products.  Vu Thi Quyen, Deputy Director of HCM City’s Tropical Agricultural Research and Consultancy Centre, said policies for green agriculture are needed.  She added another important factor is consistent quality of all steps, from production to consumption, especially in product origin control.  It is urgent to form concentrated material supplying areas…... [read more]

Consumers select vegetables grown under VietGAP standards at a Co.op mart in HCM City (Photo: VNA) HCM City (VNA) – Businesses with green production processes and products that are safe and environmentally friendly perform better, heard a workshop held in Ho Chi Minh City on August 9. The workshop, held by the HCM City Food and Foodstuff Association and the city’s Investment and Trade Promotion Centre, highlighted green products as the way of the future. A Nielsen Vietnam survey shows that about 80 percent of consumers in Vietnam are willing to pay more for products made of environmentally friendly materials. About the same percentage are willing to pay more for goods without ingredients they don’t want. Green consumption and production towards sustainable development is a hot topic in many countries, including Vietnam. Environmentally friendly products are considered effective investments as they both benefit consumers’ health and minimise negative impacts on the environment, participants at the event heard. Food processing is one of the four key industries HCM City is focusing on developing. Director of the municipal Department of Industry and Trade Pham Thanh Kien said in recent years, the city has helped food processing companies apply new and advanced technologies to create high-quality products. Vu Thi Quyen, Deputy Director of HCM City’s Tropical Agricultural Research and Consultancy Centre, said policies for green agriculture are needed. She added another important factor is consistent quality of all steps, from production to consumption, especially…... [read more]

The vibrant mergers and acquisitions (M&A) market in Vietnam is developing and the 2017-2018 period is forecasted to witness more successful M&A deals, as well as new state divestments, which is a big opportunity for domestic and international investors. Bad debts dampen M&A boom in banking industry Reforms help M&A landscape to shine Serving up an M&A feast Abundant attractive deals make huge contribution to M&A market Danang M&As help overcome delays State divestment from Vinamilk will be imlemented in October 2017 The M&A market in Vietnam reported a record value of $5.8 billion in 2016 and KPMG Vietnam even forecasted that the second half of 2017 will witness more sizable M&A deals. The reason is that the private sector in Vietnam is considering M&A an important strategy to ensure sustainable development and expansion. Also, the Vietnamese government is speeding up state divestment in a number of big firms. Thus, it is likely that more M&A deals will come in the second half of 2017 and early 2018. Below is the list of ten sizable divestment that are forecasted to be implemented during 2017-2018. 1. Vietnam Dairy Products Joint Stock Company (Vinamilk)  The Vietnamese government has approved the plan on selling more than 48.3 million Vinamilk shares, an equivalent of 3.33 per cent of…... [read more]

The two giant hydroelectric reservoirs of Hoa Binh and Son La, plus dozens of other large-capacity reservoirs, have enabled Son La province to develop aquaculture, tourism, transportation, commerce and other services to open up new development orientations, boost socio-economic development, stabilise livelihoods of surrounding people and diversify local tourism offerings. Visitors can ride a boat in valleys of limestone mountains in a tranquil primitive setting along the Da River running through eight districts, 46 communes and 329 villages where nearly 110,000 people are residing. Hoa Binh and Son La hydropower reservoirs, which cover an area of nearly 21,000 ha, have great potential for developing fishery, forestry, transportation, tourism and commerce. By tapping and using water surfaces, these localities have provided livelihoods for people. In addition to commercial fishing, many effective aquaculture models have increased incomes and created jobs for them. Besides, trading has markedly developed, driven by lakeside markets and in surrounding villages. Commercial development also has good impacts on tourism and service development. However, the current development of fishery, trade, transport and tourism in Hoa Binh and Son La hydropower reservoirs is incommensurate with their potential due to lack of investment, small scale of aquaculture and the non-guarantee of environmental protection, diversity and ecological balance. Tourism development is also spontaneous and fragmented. The province will carry out investment projects to unlock potential in Son La province-based hydroelectric reservoirs in the 2016-2020 period to boost tourism and service development, estimate advantages and…... [read more]

NDO - Nhan Dan is introducing interviews with diplomats concerning the role of ASEAN and relations between ASEAN and its partners on the occasion of the 50th anniversary of the Association of Southeast Asian Nations (ASEAN). Chinese Ambassador to Vietnam Hong Xiaoyong: Bringing China-ASEAN relations to a new level Over the past 50 years, ASEAN has pursued independent, neutral and non-aligned foreign policy and has endeavoured to strengthen intra-regional solidarity and resolve regional disputes. ASEAN has sought to promote the Southeast Asia region from instability to stability, from antagonism to cooperation, from poverty to prosperity, thus becoming a model of cohesion and self-reliance among nations not of the same social regime and developmental status. In addition, the ASEAN Community was officially established in 2015. Amid the slow global economic recovery and the stronger "subterranean wave" of anti-globalisation, the strong development of ASEAN brings about positive energy to the process of regional integration and globalisation. ASEAN has established its central role in East Asian regional cooperation. ASEAN countries, China and other international and regional organisations have established dialogue partnerships and gradually formed a network of East Asian cooperation with the nucleus of ASEAN. Many regional cooperation mechanisms such as ASEAN+3, East Asia Summit, ASEAN Regional Forum and others have developed strongly and have promoted each other. As an important member of ASEAN, Vietnam has great development prospects. China always supports the process of building and connecting the ASEAN Community and hopes that the Vietnamese side will make positive and constructive…... [read more]

The Ministry of Planning and Investment is drawing up a plan for restructuring the service sector from 2016-2020, making it compatible with the economic restructuring plan for the same period. Ministry prepares plan for restructuring service sector According to the ministry, the service industry posted relatively higher growths than other sectors between 2011 and 2016 and continued to be the economy’s driving force.  Though the service economy accounted for the largest share of the country’s GDP, the proportion still lagged behind that of other countries in the region. Moreover, the service sector has seen development in a limited range of areas like retailing, financing and banking, real estate, and tourism. The plan aims to introduce a comprehensive set of measures to restructure the sector toward modern and sustainable development, contributing to the national economic restructuring. It will evaluate the status of the service industry and changes in its structure from 2011-2016, and outline advantages and disadvantages of each of its areas. Hereby, a set of goals and solutions will be proposed for the restructuring by 2020. The plan will focus on a number of service areas, including IT and telecommunications, education and training, finance-banking-insurance, logistics and transportation, tourism, science and technology, distribution, healthcare and construction. VNA... [read more]

About $15-20 billion of state divestment, the strongly rising private sector, and at the same time, a number of investment funds planning to divest, all of these promise to significantly contribute to the development of the sizable mergers and acquisitions (M&A) market in Vietnam. Reforms help M&A landscape to shine Danang M&As help overcome delays Increasing M&A for financial institutions Inside Habeco's factory in Me Linh, Vinh Phuc province (Photo by Duc Thanh) The M&A market in Vietnam reported a record value of $5.8 billion in 2016. In the first half of 2017, there have been concerns that the market may not exceed $5 billion. However, KPMG Vietnam forecasted that the second half of 2017 will witness more sizable M&A deals. Le Viet Anh Phong, head of Financial Advisory Services of Deloitte Vietnam, said that although the first half of 2017 did not see any breakthrough M&A deals, there were numerous small- and medium-sized ones. If huge transactions involving Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco), Saigon Beer, Alcohol and Beverage Corporation (Sabeco), and a number of other firms are implemented as scheduled, the value of the M&A market in 2017 could easily exceed the 2016 record. Vietnam M&A Forum 2017's research team was optimistic, saying if there were a breakthrough in state divestment, the M&A market could reach…... [read more]

Manila, August 8 (VNA) –Deputy Prime Minister and Foreign Minister Pham Binh Minh has stressed the need for ASEAN+3 (ASEAN and China, the Republic of Korea and Japan), the East Asia Summit (EAS) and the ASEAN Regional Forum (ARF) to promote cooperation on the basis of ensuring ASEAN’s central role.  The move aims to contribute to tackling regional security challenges and tightening connectivity in the region, the official said at the 18th ASEAN+3 Foreign Ministers Meeting and the seventh EAS Foreign Ministers’ Meeting in Manila, the Philippines, on August 7. The events took place as part of the 50th ASEAN Foreign Ministers’ Meeting and related meetings.  Applauding progress the ten-member group and its partners have made, FM Minh called on the partners to continue helping ASEAN achieve goals towards building the ASEAN Community 2025.  Regarding future cooperation, he suggested ASEAN+3 focus on trade, finance and intensifying capacity and regional connectivity, prioritising the development of micro, small and medium-sized enterprises.  At the EAS Foreign Ministers’ Meeting, Minh said ASEAN should carry forward its central role and consider maritime affiliation a new cooperation priority of the EAS.  At the 18th ASEAN+3 Foreign Ministers’ Meeting, the delegates said ASEAN+3 has become a dynamic and effective cooperation framework, contributing to peace, stability and development in East Asia.  They lauded ASEAN+3’s recent fruitful collaboration, especially in implementing the ASEAN Working Plan for 2013-2017 and action plans on the recommendations of the East Asia Vision Group II.  …... [read more]




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