Agriculture

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.

As a country hard hit by climate change, Vietnam is in dire need to develop hi-tech agriculture to take advantage of the ongoing Industry 4.0 and boost its economy.

Ambassador Dang Dinh Quy, head of Vietnam’s permanent mission to the United Nations (UN), presented the country’s policies and experience to promote green agriculture.

The Ministry of Agricultural and Rural Development (MARD) expected positive prospects for Vietnam`s agricultural exports in the second half of 2018, mainly thanks to growing global demands in the remaining months of the year and stable prices.

The first container of the 2018 Vietnamese lychee crop arrived in Malaysia on July 2 and was warmly welcomed by Malaysian consumers.

A trade and investment promotion forum on agriculture in Zurich, Switzerland on June 29 helped businesses of the two countries find agricultural cooperation opportunities.

The central province of Quang Tri has recently drawn many investment projects in hi-tech and organic agriculture, contributing to restructuring the agricultural sector toward creating clean products with high added value.

The first batch of lychees will be shipped to Thailand by air, according to the Department of Industry and Trade of Bac Giang Province.

Vietnam spent over VND13.6 trillion (US$600 million) on importing fruits and vegetables in the first five months of 2018, US$110 million more than the same period last year.

In the first five months of 2018, Vietnam rice exports have seen a significant improvement, which is expected to be extended to June, according to the Ministry of Agriculture and Rural Development (MARD).

There is great potential for Thanh Ha “thieu” litchi to enter international markets, said Swedish Ambassador to Vietnam Pereric Hogberg after he and his spouse visited Hai Duong province’s first-ever Thanh Ha “thieu” litchi festival 2018 and experienced litchi harvesting at a VietGAP farm in Thanh Xa commune last weekend.

The development of smart agriculture has brought new opportunities, while setting up new challenges for current supply chain.

The Mekong Delta province of An Giang has exported 5.4 tonnes of three-coloured mangos to Australia for the first time.

Raising product quality and winning rice bids have been opening doors for Vietnamese rice to access major markets, assessed the Ministry of Industry & Trade (MoIT).