Agriculture

The price of imported Alaskan king crabs, which is listed among the most expensive in Vietnam, has been reduced to a few hundred thousand dong.

The landowners help their customers grow organic veggies following four criteria namely no chemical pesticides, no growth stimulants, no excess of nitrates, no metal – chemicals residues in soil and irrigation water.

In the first four months this year, the Philippines has leapfrogged China to become Vietnam’s largest rice importer.

As a huge food and farm produce market, Hanoi has tightened control over the trade and consumption of crayfish.

Brazil is committed to helping Vietnam tapping the country’s shrimp market as a way to balance bilateral trade.

Over the last two months, Chinese traders have only bought durians stamped with codes of origin traceability.

The Philippines has taken over China as the largest rice importer of Vietnam, a position held by China in 2018.

Vietnam’s agricultural sector would focus on large scale production and forming agricultural value chains for greater added value, aiming towards sustainable development and deeper integration into agricultural global value chain.

Consumers will gradually shift to purchasing from modern distribution channels dominated by large-scale enterprises such as supermarkets, grocery stores, where quality and originality of the pork is ensured.

The task facilitates learning foreign experiences and techniques, and improve the capacity of Vietnamese researchers and trainers.

After signing the VPA/FLEGT, wood export value from Vietnam to the EU is predicted to hit US$800 million in 2019, up from the current US$700 million.

The agricultural sector aims for a growth rate of 3% and exports US$42 billion – US$43 billion in 2019.

Agriculture plays a significant part in Vietnam’s economy, contributing 18.3% of the country’s gross domestic product and 44% of the labor force from 2008–2016.

With a growth rate of 14% year-on-year, it is estimated that exports of vegetables and fruits could reach US$4 billion by the end of 2018, Tien Phong newspaper reported.

The country’s food industry has lured foreign investments, especially through merger and acquisition (M&A), thanks to its large population and growing consumer demand fueled by the rapid growth of the middle class.

This result helped the firm reduce its accumulated loss from VND918 billion (US$39.52 million) to VND830 billion (US$35.73 million).

Implementing a joint program to develop a safe vegetable supply chain for the city, Hanoi has developed plans for agricultural trade promotion with other provinces and cities in the region.

Vietnamese Prime Minister Nguyen Xuan Phuc has urged further cooperation between Pepsico`s global distribution chains and Vietnam`s agricultural products, contributing to the sustainable development of the country`s cultivation.

Vietnam will become one of the leading exporters of agricultural products to the EU market as soon as the EVFTA is signed.

The war would push goods from the two nations to seek for new importers, which throws new obstacles to Vietnamese agriculture products.