Agriculture

Vietnam would be among four economies hardest hit by the Covid-19 outbreak, behind Singapore, Thailand and Hong Kong (China).

The ongoing epidemic is predicted to impact the trade flow of agricultural products between Vietnam and China in six to eight months.

Total registered capital added to the economy in January was VND501.4 trillion (US$21.65 billion).

This part reviews outstanding internal and external economic events of Vietnam in the past year.

It is no doubt that 2019 was another successful year for Vietnam’s economy, putting the country in a favorable condition to achieve all socio-economic targets set for the 2016 – 2020 period.

The consumer price index (CPI) saw an increase of 1.4% in December against the previous month, the highest growth rate for December over the last nine years.

This is the second consecutive year that Vietnam’s economy expands over 7%, following a 10-year high GDP growth of 7.08% in 2018.

Prime Minister Nguyen Xuan Phuc requested the government agencies to strictly punish whoever is giving false information regarding this matter.

These two markets are not included in the 24 countries and territories having agreements with Vietnam on importing pork.

In spite of huge demand, the inefficient legal framework is making the process of land grouping difficult for all parties involved.

In the fourth quarter of 2019, demand for pork in Vietnam is estimated at 600,000 tons, while supply is over 400,000, indicating a shortage of 200,000 tons.

The event features over 300 booths on agricultural production appliances.

Vietnam’s political system has showed strong determination and commitment in IUU fishing combat, said an inspector of the European Commission (EC).

The application of technologies and creation of value chain in production are key for sustainable agricultural development, said an expert.

The Hanoitimes - Raising the IP awareness is becoming indispensable to Vietnamese firms, especially after the country signed new-generation free trade agreements. including EVFTA.

The Hanoitimes - Raising the IP awareness is becoming indispensable to Vietnamese firms, especially after the country signed new-generation free trade agreements. including EVFTA.

In the first nine months of 2019, 48 Japanese enterprises have invested in Vietnam’s agriculture sector with registered capital of US$270 million.

Technologies used in the processing sector is at a modest level compared to regional peers and the world, many of which have not been upgraded in 15 years, said an expert.

Stronger relations between the Vietnamese and European business communities are vital to unlock the full potential of the EU – Vietnam Free Trade Agreement, helping Vietnam join the 15 most advanced countries in agriculture by 2030.

Vietnam and Brazil now produce more than half the world’s coffee, up from less than a third 20 years ago, and the proportion is rising, US Department of Agriculture estimates show.