Agricultural sector strives to surpass targets

Rice fields in Vietnam (Photo: VNA)A strawberry growing model (Photo: VNA)VNA– The agricultural sector is aiming for a growth rate of 2.8-3% this year, higher than the growth of 2.5-2.8% assigned by the Government, according to the Ministry of Agriculture and Rural Development It is also striving to earn 55 billion USD from agro-forestry-aquatic product exports in 2022, 5 billion USD higher than the figure assigned by the Government.In the first nine months, the export turnover of agro-forestry-aquatic products is estimated at 40.8 billion USD, up 15.2% year-on-year. Meanwhile, imports totalled 33.9 billion USD, up 5.7% year-on-year. This means the trade surplus mounted to 6.9 billion USD, doubling the same period last year.To achieve the targets, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that the ministry will adjust production plans and the crop structure to suit domestic consumption and export demand, and focus on directing the development of concentrated production areas.Efforts will be made to promote sustainable livestock development, ensure supply and stabilise food and pork prices to keep the consumer price index (CPI) within the allowable range, especially during the coming Lunar New Year, Tien said.Along with closely monitoring the developments of climate and diseases on plants and livestock, the ministry will seek measures to boost production; remove difficulties in circulation, consumption and exports of agricultural products; and ensure sufficient supplies of food and foodstuffs.To develop the consumption market for agricultural, forestry and aquatic products, the ministry will cooperate with the Ministry of Industry and Trade and the Ministry of Foreign Affairs to research, analyse and forecast market developments, opportunities and challenges; and consult the Prime Minister on countermeasures and scenarios to adapt to the supply and demand of agro-forestry-aquatic products in the world./.

October 09, 2022 14:29 UTC


Vietnam gains international trust thanks to responsible contributions: Researcher

Vietnam’s participation in the UN peacekeeping operations has come from its sense of responsibility. (Photo: VNA)Vietnam has gained a position and reputation in the international arena thanks to its contributions to the international community, a researcher has said, mentioning the country’s engagement in United Nations peacekeeping operations.Dr. Nguyen Hong Hai , a researcher at the Centre for Policy Futures under the University of Queensland in Australia, told the Vietnam News Agency (VNA)’s correspondent that Vietnam’s participation in the UN peacekeeping operations has come from its sense of responsibility.Therefore, the country has won the trust of the UN, partners and host countries, Hai noted.According to the researcher, Vietnam is a pioneer in joining international conventions on human rights , adding that Vietnam is the first country in Asia and the second in Asia-Pacific to sign and ratify the UN Convention on the Rights of the Child.Vietnam has also joined and ratified the Convention on the Elimination of all Forms of Discrimination against Women and the Convention on the Rights of People with Disabilities.It has integrated provisions of the conventions into domestic laws, making the national legal framework for the disadvantaged groups more perfect and suitable with international standards.During two years of the COVID-19 pandemic, the Vietnamese State and Government worked hard to ensure people’s rights by providing free-of-charge medical services and vaccination, and launching packages in support of affected businesses and people, the researcher said.Hai also cited statistics by the International Monetary Fund (IMF) as saying that Vietnam lifted 40 million people out of poverty between 1993 and 2014, saying Vietnam’s outstanding economic development has been acknowledged by many international experts./.

October 09, 2022 10:44 UTC


Vietnam arrests real estate tycoon over financial frauds

A Vietnamese real estate tycoon was arrested on suspicion of financial fraud, the police said on Saturday, as the country broadens its years-long anti-graft drive.Truong My Lan , chairwoman of Ho Chi Minh City-based Van Thinh Phat Holdings Group , was accused of illegally issuing bonds to raise trillions of dong (tens of millions of dollars) from investors during the 2018-2019 period, the Ministry of Public Security said in a news release on Saturday. "Further investigation is underway to clarify the frauds," the ministry said.Lan's company did not immediately respond to Reuters request for comment. Vietnam recently broadened its anti-graft drive with a series of high-profile corporate arrests, including top stockbrokers, property developers and even regulators.Three others accused of involvement in Lan's case were also arrested, the police-run ministry said on Saturday.The ministry said on Friday there had been irregularities in Van Thinh Phat Holdings' acquisition of several state-owned land slots at prime locations in downtown Ho Chi Minh City Rumours about the imminent arrest of Lan earlier on social media this week had triggered a run on Saigon Joint Stock Commercial Bank (SCB) over suspicions of ties between Lan and the bank.Vietnam's central bank on Saturday reassured depositors at SCB and said it was monitoring the situation there. "The State Bank of Vietnam affirmed that it will have solutions and policies in accordance with the law to ensure the rights and interests of depositors, maintain the stability of SCB in particular and the system of credit institutions in general," the central bank said in a statement.Calls to SCB went unanswered on Saturday.

October 08, 2022 10:32 UTC


New Zealand remains promising market for Vietnam's exports: Insiders

Coffee is one of the major export products in New Zealand (Photo: VNA)– Vietnam is trying to tap great potential to increase exports to New Zealand, a promising market where it has won only 1.7% of the local market share, held insiders.In the first eight months of this year, two-way trade between reached 1.7 billion NZD (963.81 million USD), up 21.4% year on year.Upturn was seen in the revenue of many Vietnamese exports, including tea and coffee (52%), pottery and ceramics products (108%), paper and paper products (48%), steel (36.8%), and garment, footwear and accessories (22.8%).According to the Vietnamese trade office in New Zealand, revenue of the majority of the exports has recorded double-digit growth, especially construction materials. It explained that along with an increase in export volume, the prices of products in New Zealand has also risen.The office forecast that Vietnam’s exports to the market will continue to grow as the two countries have been members of many common trade deals which provide many tariff advantages in the market, thus increasing the competitiveness of Vietnamese products.Alongside, many businesses are considering switching their supply chains and seek more suppliers from Vietnam, especially in garment and construction materials.At the same time, thanks to the development requirement after the COVID-19 pandemic and the recovering consumption and travel demands, economic cooperation and trade between Vietnam and New Zealand are likely to be lifted up in the future, according to the office.However, it reminded exporters to make sure that their products meet food safety requirements in this choosy market.The office stressed the need for Vietnam to design a systematic and long-term strategy to promote exports to the market, focusing on creating a smooth legal corridor for the export of agro-forestry-fisheries products, asking New Zealand to continue to widen its door for Vietnamese farm produce and aquatic products, building value chains and improving food processing technologies to enhance product quality, and strengthening trade promotion activities./.

October 07, 2022 10:03 UTC


Vietnam attends int’l inter-party conference on sustainable development

The Vietnamese delegation attends the international inter-party conference via videoconference on October 6. (Photo: VNA)– A delegation of the Communist Party of Vietnam (CPV) attended virtually an international inter-party conference on ecological security and sustainable development held by the United Russia party in Sakhalinsk city on October 6.The hybrid event saw the presence of Chairman of the United Russia party and Vice Chairman of the Security Council of Russia Dmitry Medvedev, President of the Cambodian People’s Party and Prime Minister of Cambodia Hun Sen, along with leaders of the ruling parties in some Asian-Pacific countries.In his speech, Le Hoai Trung, member of the CPV Central Committee and Chairman of the CPV Central Committee’s Commission for External Relations, highlighted the main content of Vietnam’s sustainable development policy.He affirmed that the sustainable development policy of Vietnam both reflects common positive trends in the world and appropriately applies them in a way that takes into account the country’s conditions, with the consistent goal of socialism, rich people, and a strong, democratic, equitable, and civilised nation.The official also suggested some orientations for strengthening cooperation among political parties, as well as international cooperation for the sake of sustainable development and ecological security At the event, participants shared the view that cooperation among political parties plays an increasingly important role in promoting the settlement of global issues, making policies, identifying risks and challenges, and devising general solutions to risks and challenges in terms of ecological security to serve sustainable development around the world and in each country.They held that political parties should engage more actively in resolving urgent issues in bilateral and multilateral cooperation in different areas.Vietnamese Ambassador to Russia Dang Minh Khoi directly took part in the conference, held on October 6 - 7./.

October 06, 2022 19:59 UTC


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