Dutch give boost to agricultural sector

Agricultural co-operation between Viet Nam and the Netherlands under the public-private partnership (PPP) has recorded positive developments, according to the Ministry of Agriculture and Rural Development.

The ministry’s International Cooperation Department said the fisheries, cocoa and coffee industries have benefited the most from the co-operation. The Netherlands will help Viet Nam become a full member of the Western and Central Pacific Fisheries Commission (WCPFC). Both countries have agreed to seek funding for a programme to train quarantine officers and law experts concerning the European Union’s food safety rules and law.

The Netherlands has pledged to investment 300,000 euros ($407,940) over the 2010-12 period to improve the sustainability of tra and basa fish rearing in Viet Nam.

In addition, the Netherlands have proposed a programme on sustainable production and business development for Viet Nam’s coffee industry. Donors are expected to contribute 47 per cent of the 32 million euro programme to be carried out until 2012.

From VietNamNews

[ Trở về]

Newer Articles

WWF not yet to remove Tra fish from Red List
Immediately after the signing of a cooperation memorandum of understanding (MoU) on sustainable development of Vietnam’s Tra fish between WWF International and WWF Vietnam along with the VASEP and the Vietnam Fishing Association (VFA),the WWF’s Global Seafood Programme Director Mark Powell confirmed his organisation’ removal of Vietnam’s Tra fish from the Red List.
WWF Sweden to remove Tra fish from red list
This was the result of discussions between Le Thi Thu Nguyet, Vietnam ’s Trade Counsellor in Sweden and Ingar Naslund, who is in charge of fisheries at WWF Sweden, earlier this month.
Vietnam to create best conditions for S.Korea businesses
At the farewell meeting on February 8, Dung expressed his appreciation of the Ambassador’s contributions to the development of Vietnam-RoK strategic partnership. Vietnam is happy with the development of the two countries’ relations in various fields such as politics, diplomacy, economics, trade, investment, tourism, culture, and education and training, he said.
VN not join Cobra Gold Drill
Earlier, some local newspapers quoted foreign sources as saying that Việt Nam assigned representatives to the 2011 Cobra Gold Exercise, an event that has been held bilaterally by the US and Thailand since 1982.
Japan to support Hanoi project to improve traffic system
According to the signed agreement, Jica will send its experts to join and train for the Hanoi’s managers in Japan and in other countries.
Neighbours seek ways to improve economic ties
Viet Nam’s total trade turnover with Cambodia, Laos and Myanmar has grown steadily in recent years, reaching almost US$2.5 billion last year, a year-on-year rise of 33.6 per cent. Vietnamese businesses have invested in about 270 projects with a combined registered capital of nearly $5 billion in Cambodia, Laos and Myanmar.
AEM Retreat wraps up in Laos
The officials shared the view that ASEAN is facing challenges due to a lack of legal regulations for many regional integration commitments and lower than expected harmonisation of policies among ASEAN members. Especially, in the 2010-2011 period of the 104 measures to be completed in the AEC roadmap, 60 percent of them have been left to be done in 2011.
Vietnam’s tourism advertised on TVB channel
The programme, which is to be broadcasted on “Admiral’s Feast” of TVB, will introduce the beautiful sites and distinguished food of Vietnam.
Vietnam on list of highest growth prospects
The global banking giant Citigroup has identified Vietnam as one of the 11 countries that is likely to stand out in a globally integrated economy in terms of a high growth rate and investment attraction over the next 40 years.
UK will end aid to Vietnam by 2016
The UK Secretary of State for International Development on March 2 announced in London the outcome of the Bilateral/Multilateral Aid Review, which aimed to shake up Britain’s aid programme by concentrating efforts on countries where UK aid will, pound for pound, achieve the best results in fighting poverty and building a safer world, and where Britain is in the best position to deliver results.

Older Articles

Chile’s firms seek business opportunities in Viet Nam
Viet Nam now ranks 42nd among Chile’s trade partners, accounting for 0.16 per cent of the country’s total export value. Two-way trade reached US$240 million in 2009, $115 million of which came from Vietnamese exports, including coffee, shoes, garments and rice. It was estimated to top $300 million last year, a 31-per-cent year-on-year increase.
Vietnam condemns terrorist attack in Moscow
“We are very indignant after hearing about the bombing at Domodedovo airport in Moscow, Russia on Jan. 24 that leaves many people dead and injured,” said spokesperson Nguyen Phuong Nga in response to reporters’ questions on Vietnam’s reaction.
Italy joins hands to improve SMEs’ competitiveness
Over 100 Italian firms and business associations will participate in the project funded by the Italian Government and implemented by the United Nations Industrial Development Organization (UNIDO) and the Confederation of Italian Industries.
Vietnam, China discuss energy development in disadvantaged areas
The seminar, one of the activities to mark the 61st anniversary of Vietnam-China diplomatic ties, was jointly held by the Vietnam-China Friendship Association, the China-Vietnam Friendship Association and Chinese agencies.
Chile rolls out red carpet for Vietnamese firms
The Chilean business community has considered Vietnam a potential market as Vietnam officially joined in the World Trade Organisation (WTO), the mission said, adding that Chile has recognised the Southeast Asian country’s market economy since 2009. According to the Import-Export Department under the Ministry of Industry and Trade, bilateral economic and trade ties are growing fruitfully. Vietnam is now the 42 nd largest trade partner and the 50 th biggest importer of Chile.
Japan provides $700m loan for development
It is part of a $1.76 billion commitment that Japan – the largest bilateral donor to Viet Nam – offered in 2011 as it announced at the Consultative Group Meeting in Ha Noi last December.
Vietnam attends India’s North East Summit
The summit, which ended on Jan. 22, discussed issues related to the Indian government’s development strategies for its northeastern region which has a great tourism and economic potential, especially in mining, infrastructure, agriculture, and food processing.
Vietnam, Netherlands enhance PPP in agriculture
MARD’s International Cooperation Department said the fisheries, cocoa and coffee industries have benefited the most from the cooperation. The Netherlands will help Vietnam become a full member of the Western and Central Pacific Fisheries Commission (WCPFC). Both countries have agreed to seek funding for a programme to train quarantine officers and law makers in the European Union (EU) food safety and law.
City furniture firms enlists UN help to get competitive
The Small- and Medium-Sized Enterprise Cluster Development Project, funded by Italy, chose the wood processing and furniture cluster in Binh Duong Province and HCM City as a pilot site for development interventions, Francesco Russo, its chief technical advisor, said.
Vietnam invests in Cambodia power plant
This project by state-owned Vietnam Electricity Group (EVN) is solely invested by its joint-stock subsidiary EVN International, whose shareholders include major state companies and corporations, such as PetroVietnam, EVN, and Vietnam Rubber Group.

Latest News

Vietnamese software firms consider Japan as the major market
The Japanese software market is really attractive in the eyes of Vietnamese software outsourcing firms. Up to 80 percent of Vietnamese firms consider Japan as the core market.
Despite problems, 2011 FDI spending equals 2010
In 2011, the country attracted $14.7 billion in FDI, equal to 74 per cent of 2010. Over $11.5 billion came from 1,091 newly-licensed projects while the rest was from 374 existing projects that increased their capital.
EVNTelecom asks for government’s approval to sell 12pct stake for VTC
In January 2011, the government agreed the plan to make privatization for EVNTelecom whereby EVNTelecom will sell a part of state holding to strategic investor and offer preferential shares to the employees. Of which, EVN will hold 50.6% stake, 0.4% stake will be held by the employees and 49% stake for FPT Co and FPT Telecom Joint Stock Co (FPT Telecom).
Vietnamese enterprises expanding into international markets
Hoang Anh Gia Lai Group has become one of the most successful investors in this neighbouring country with the total investment capital of US$1 billion in such areas as rubber, sugar cane, mining and hydropower industries.
Ernst & Young Vietnam role to be examined
The State Securities Commission (SSC) would check DVD auditing files in Ernst & Young in late September, according to SSC’s vice chairwoman Vu Thi Kim Lien. The Accounting and Auditing Department and Vietnam Association of Certificated Public Accountants also join the inspection. A&C Auditing & Consulting, which audit the DVD’s 2008 financial statement, would be checked as well.
Vietnamese firms invest over $24.5b in foreign countries as of July-end
The investment capital of Vietnamese investors exceeded $10.7 billion and chartered capital of Vietnamese investors also reached approximately $10 billion. They mainly invested in mining sector with about $17 billion, of which, Vietnamese investors poured over $4.3 billion and chartered capital of over $3.7 billion.
Vietnam Insurance Market: Keeping Double-digit Growth
The Vietnamese insurance market is being competed by both domestic and international insurers and is hurt by economic challenges. Hence, insurers are forecast to face difficulties in funds and premiums. Optimistically, insurers reported revenues growth of 10-15 percent in the first eight months.
Vietnam’s economy looks grim with ADB’s forecast
The government’s Resolution 11 released early this year is a timely response to the double-digit inflation, draining forex reserves and a devaluating local currency, said Tomoyuki Kimura, ADB’s country director in Vietnam.
Ministry rejects import-export tax changes
At an earlier working session between the two ministries, the Ministry of Industry and Trade (MoIT) requested the Ministry of Finance (MoF) to hike import tariffs on NPK fertiliser from the current 6 per cent to 6.5 per cent; delay imposition of a 3-per-cent export tax on steel ingots and finished steel; and slash the export tax on coal from 20 per cent to 10 per cent.
Government okays anti-dumping suit against US
A recent VASEP conference pointed out that if Vietnam failed to pursue the lawsuit, it could lose the US market to other big exporters like India and Thailand who had won a similar suit, Thanh Nien newspaper said.

For Foreigners

Adb: policy tightening will lower inflation
In its Asian Development Outlook 2011 Update (ADO Update), the ADB said Resolution 11, a comprehensive policy package, has made good initial progress by helping the exchange rate to stabilise, allowing foreign reserves to be replenished, and lowering monthly inflation outcomes during June – August.
HSBC, Barclays to advise Vietinbank’s planned overseas dollar bond sale
“VietinBank has made a good choice of advisers,” said Alan Pham, chief economist at VinaCapital Investment Management Ltd. HSBC has a depth of expertise and wide distribution network globally that will help get the Hanoi-based bank a “good rate,” he said.
Vietnam govt to service debt for troubled cement projects
On Wednesday, state-backed newspaper Tuoi Tre said Dong Banh Cement Joint Stock Co, a subsidiary of state-owned Song Da Group, was asking the government for help in paying $3.4 million back to ANZ.
Calm heads prevail as the forex market to remain cool
Last week, the central bank decided to increase the reserve requirement ratio by 1 per cent to 8 per cent for foreign currency deposits less than 12 months and to 6 per cent for foreign currency deposits over 12 months.
Further fiscal & monetary tightening in coming months
The Vietnamese authorities deserve our applause for facing up to tough economic issues. Today’s rate hike was just another step in the long battle against inflation. Although the policy stance has clearly shifted from boosting growth to improving economic stability since February, the data flow remains challenging.
IMF cuts Vietnam’s inflation forecast to 9.5pct in 2011
According to IMF’s regional economic outlook, Vietnam has overcome the global crisis thanks to the substantial financial stimulus package worth 5 percent of its GDP and monetary easing policies. The IMF commented that Vietnam is of the fastest growing economies in Asia. In 2010, Vietnam posted a growth of 6.8 percent thanks to demand for both domestic and international growth. However, the expansion policy adopted during the crisis also has increased macroeconomic risks.
Vietnam’s dong has best week since 1997 after dollar rates curb
The State Bank of Vietnam set a ceiling on dollar deposit rates on April 13, restricting interest payments for individuals to 3 percent and those for non-credit institutions to 1 percent. Holdings of dong can attract returns of as much as 14 percent.
Vietnam tightens control over state-bank partnership
“The government wants to protect state assets because state-run banks have huge assets, many of which are not profitable now,” a Vietnamese analyst was quoted by Reuters.
Foreign investors list problems in Vietnam
“There is a big difference between what the regulations state and their actual implementation, hindering investors’ plans,” Han Jae Jin, chairman of the Korean Chamber of Commerce’s foreign affairs board, said.
Foreign invested enterprises complain about customs procedures
Arepresentative from Amcham, said at the workshop on the investment environment improvement workshop held in HCM City on April 26, that enterprises not only have to spend money, but also a lot of time to fulfill customs procedures. It takes exporters three or four days on average to get customs clearance. Especially, it would be a big trouble to enterprises, if they export perishable products and they have to wait for customs procedures.

Business Trade Vietnam Government FDI World economy Vietnamese Party Economy Economic Market State management Prime Minister HCM city Hanoi Ho Chi Minh CPI Asian World America Europe Nguyen Tan Dung Hau Giang Mekong Delta rice Standing Mekong Cambodia usa japan china korea Lai Chau Hoa Binh Hoi An Chu Lai Quang Nam Da nang Can tho Son La Power Plant Ministry of Industry Dung Quat Oil Singapore Thailand Malaysia Indonesia Laos Vietnamese FDI capital investors foreign investor Netherlands US service transportation infrastructure tourism VNPost Express Spain Gold Tra fish export contracts tourist Middle Area Construction Shipbuilding Industry Company Industrial Zone budget Dong Nai Binh Duong Vung Tau Tay Ninh Binh Phuoc Tay Ninh Long An Tien Giang US investors hydropower plant Quang Ninh Nha Trang Stock Exchange HNX Index capital Agriculture Dong Thap An Giang Export-Processing Zone Yen Bai Lao Cai Lai Chau Dien Bien Son La Hoa Binh Phu Tho Ha Giang Tuyen Quang Bac Kan Lang Son Cao Bang manufacturers Asean Russia development Aviation inflation Hong Kong American Chamber of Commerce Seafood ODA WB IMF FED Asia-Pacific Association countries European marine economy Thanh Hoa Nghe An Nam Dinh Ha Tinh Phu Lý Vinh Phuc Bac Ninh Bac Giang Hung Yen Hai Duong Binh Thuan Binh Phuoc Lam Dong Gia Lai Kon tum Quang Ngai Quang Binh Quang Tri Ninh Thuan Ca Mau Bac Lieu Soc Trang Tra Vinh Kien Giang Vinh Long Ben Tre incomes policies Law assets Natural Gas Building statistics strategy Da Lat mineral exploitation processing industries electricity water supply Enterprises forestry fishery communications real estate transportation Corruption bauxite Securities Insurance Bank Finance Account goods Trade Balance coffee Coal festival Ha Nam Ninh Binh Hoa Binh University Arts Book travel Vietnam Visa Visa Pagoda Committee People's Committee Vinashin companies Hoa Phat HSBC ACB vietcombank vietinbank

Dutch give boost to agricultural sector

Newer Articles

Older Articles

Sub Categories

Latest News

For Foreigners