The Hanoitimes – Growth rate of the agriculture sector this year was planned at least 3 percent, with export turnover contributing some US$40 billion, according to the Ministry of Agriculture and Rural Development. Among the total export value, agriculture products will make up more than US$21 billion, seafood with some US$9 billion, forestry products with over US$8.5 billion and US$1.5 billion from others. According to the ministry, 2018 is considered an important year for the sector in particular and for the entire country in general as it takes a key role in helping the country meet targets set in the nation’s five-year plan of 2016-2020. Seafood exports are expected to earn Vietnam some US$9 billion this year In order to achieve the above targets, the ministry will continue refining mechanisms to develop socialism-oriented market economy in agriculture, submit a draft Law on Cultivation, a draft Law on Animal Husbandry, amendments and supplements to several articles of the Law on Natural Disaster Prevention and Control, raising public awareness of Law on Irrigation, Law on Forestry, and revised Law on Fisheries and relevant laws, ordinances and resolutions. It will also continue improving the business climate by cutting administrative procedures, building e-government with a focus on online public services, one-stop shop mechanism for customs clearance. According to the ministry, it will review 508 administrative procedures and propose simplifying or cutting out 287 out of these administrative procedures, or 56.5 percent. The ministry has so far also considered carefully another 345 business and… [Read full story]
Vietnam will strive to achieve an agricultural economic growth rate of 9-11 percent in 2010, said Minister of Agriculture and Rural Development Cao Duc Phat at a conference on rural development in northern provinces held in Hanoi on June 7. Participants at the conference reported that during the 2000-2005 period, the average agricultural economic growth rate reached approximately 5 percent annually. The agricultural sector has not fully tapped its potential, they said. According to Mr Phat, the sector's unstable development was attributed to improper zoning work and poor management, particularly at the district and communal levels. Agricultural production is not…... [read more]
The company has set a VND50 billion export revenue target for this year. Last year, it earned VND40 billion from furniture exports to its traditional markets, including Australia, the US and the EU.The company is located in the Hoa Binh Industrial Zone in the Central Highland province of Kon Tum.... [read more]
Minister of Agriculture and Rural Development (MARD) Cao Duc Phat has set a target of earning US$6 billion from exports of agro-forestry products in 2006, US$200 million more than in 2005. To achieve the target, the minister has instructed localities to allocate 2 million ha of forests to farmers for protection and 1.2 million ha for re-afforestation. In 2005, the country shipped abroad over US$5.8 billion worth of agro-forestry products. Staples posting the highest export turnovers were wooden furniture valued at US$1,517 million and rice, US$1,390 million. However, several products, including pepper, tea and cooking oil, suffered decreases in export value…... [read more]
Vietnam is expected to earn a total export revenue of US$84.5-US$85.5 billion in 2011, announced the Ministry of Industry and Trade (MoIT) at a conference in Hanoi on July 4. The figure represents a year-on-year increase of 17-18.4 percent, or US$6.1 billion more than the year’s target set by the National Assembly (NA). Sharp increase in exports The export revenue for the first six months of this year hit US$42.3 billion, up 30.3 percent over the same period last year. This was attributed to a 15.6-percent increase in value and 14.7 percent rise in volume. Export revenue in the first…... [read more]
Better than expected export growth, narrowing trade deficit, growing industrial production and expanding domestic consumption are bright points on the Vietnamese industry and trade picture in the first three quarters in 2010. Beating plansThe industrial production rose 15.1 percent year on year to VND70.8 trillion (US$3.7 billion) in September, totalling VND574.5 trillion in the first nine months of 2010, up 13.8 percent year on year and above the expected plan. Particularly, the non-state sector witnessed an increase of 12.7 percent water while the foreign-invested sector saw an expansion of 17.4 percent. Key industrial sectors such as electricity, processing, steel, garment…... [read more]
