Agro-fishery sector seeks to overcome challenges

11:25 | 05/05/2015 Trade Follow Ven.vn on

The Ministry of Industry and Trade held a conference in Hanoi on May 4 to discuss a number of possible solutions for difficulties faced by the agro-fishery sector.

According to a report from the Ministry, the sector’s export revenue totalled US$8.5 billion within the first four months, a 5.1% reduction from 2014.

During the conference, agro-fishery associations complained about the inadequate market information feedback from overseas representative offices which negatively affected the operation of domestic enterprises.

Vice General Secretary of the Vietnam Association of Seafood Exporters and Producers Nguyen Hoai Nam proposed that trade promotion, whose public budget has shrunk, receive a boost through improved methods.

The sector needs to become a national priority during negotiation rounds for trade pacts between Vietnam and other countries across the world, he said.

Agreeing with Nam, General Secretary of the Vietnam Coffee and Cocoa Association Nguyen Viet Vinh suggested increasing international visits and market research surveys of business delegations supported by the Ministry of Industry and Trade.

Taking the participants’ comments into account, Deputy Minister Tran Tuan Anh confirmed his agency will focus on seeking new markets and consolidating the consultation role of domestic businesses in several trade negotiations.

The Ministry will assess the competitiveness of local firms and consider adjusting production costs, he noted, saying the agency will work with the Ministry of Finance to devise related incentives.

Source VOV News

ven.vn

See more news

2022 foreign trade reaches a record high

08:12 | 04/01/2023 Longform

In 2022, Vietnam import and export turnover reached an estimated US$732.5 billion, the highest ever recorded. This is a great effort of ministries and sectors, including the Ministry of Industry and Trade in facilitating the domestic businesses to make effective use of free trade agreements (FTAs) and administrative reform, creating the most favorable conditions for import and export activities.

Garment exports expected at more than US$45 billion in 2023

16:29 | 03/01/2023 Foreign trade

An important factor underpinning the growth of the textile and garment industry is the growth of the domestic supply of raw materials, which increases year over year.

First cargo welcomed in Hai Phong, Da Nang

10:20 | 03/01/2023 Foreign trade

Three terminal branches of Hai Phong Port JSC in the northern port city of Hai Phong on January 1 welcomed first cargo of 2023.

Vietnam targets textile-garment export growth

06:00 | 03/01/2023 Major exports

(VEN) - Free trade agreements (FTAs), especially new-generation ones, are expected to help Vietnam reach a textile and garment export value of US$45-47 billion in 2023.

The path to fostering green exports

06:00 | 30/12/2022 Trade

(VEN) - Data from the recent Vietnam Export Promotion Forum 2022 organized by the Ministry of Industry and Trade and the European Chamber of Commerce (EuroCham) in Vietnam show that businesses in various sectors have renewed production to meet green manufacturing standards for exports, enhancing the competitiveness of Vietnamese goods in the international market.

Agro-forestry-fishery exports to UK overcome barriers

06:00 | 28/12/2022 Major exports

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA), effective since May 1, 2021, has created favorable conditions as well as challenges for Vietnamese agro-forestry-fishery exports to this market.

Trade promotion helps export growth

06:00 | 23/12/2022 Foreign trade

(VEN) - Trade promotion has significantly contributed to Vietnam’s export achievements. Vietnam Economic News’ Viet Nga spoke with Vu Ba Phu, Head of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE) about the agency’s work.

Trade deals: The good, bad and unpredictable

06:00 | 20/12/2022 Trade

(VEN) - Free Trade Agreements (FTAs) provide ample opportunities for trade. However, since many countries are constantly changing their policies with the aim of sustainable growth, businesses need to be more innovative to effectively penetrate these markets.

Vietnamese goods increase foreign presence

06:00 | 06/12/2022 Trade

(VEN) - The volume of Vietnamese goods in the global trading system is on the rise, but their competitiveness remains weak. Vietnam Economic News’ Hoang Lan spoke about this issue with Deputy Director of the Ministry of Industry and Trade’s Domestic Market Department Le Viet Nga.

Global supply chains: Risks and opportunities

06:00 | 02/12/2022 Trade

(VEN) - At a recent workshop on opportunities and challenges for global value chains (GVCs) held by the Ministry of Industry and Trade, domestic and foreign economists agreed that the COVID-19 pandemic has severely affected GVCs and at the same time created opportunities for them.

Latest Most Read

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

15:05 | 02/02/2023 Industry

In 2023, the United Arab Emirates is taking center stage in the global efforts to address climate change and sustainability. Recently, leaders have gathered for Abu Dhabi Sustainability Week, kicking off a year of events leading up to the UAE-hosted COP28 at the end of the year.

EcoFlow introduces power and renewable energy solutions in Vietnam

14:43 | 02/02/2023 Companies

EcoFlow – one of the leading eco-friendly energy solutions company with the vision to power a new world – today introduced a series of power and renewable energy solutions in Vietnam market. EcoFlow offers the best solution for the best possible chance to have a wonderful camping trip.

Vietnamese university up 97 places in Webometrics ranking

10:00 | 02/02/2023 Society

Vietnam National University (VNU) - Hanoi climbed 97 places to rank 661st in the latest Webometrics Ranking of World Universities in 2023, which was announced on February 1 by the Cybermetrics Lab, a member of the Spanish National Research Lab.

Southeast region prepares for new FDI wave

09:18 | 02/02/2023 FDI

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.

Garment, footwear exports aim to reach US$80 billion by 2025

07:00 | 02/02/2023 Major exports

Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy.

Shinhan Life Vietnam introduces flexible term life insurance product

14:45 | 03/01/2023 Companies

Shinhan Life Vietnam recently launched life insurance “Shinhan – Song Khoe with Fantastic Four S-Plus”. This is a flexible insurance solution that offers a wide range of options to optimize protection for each customer.

Hanoi tourism meets recovery targets

06:00 | 09/01/2023 Metropolis

(VEN) - An estimated 17.02 million tourists visited Hanoi in the first 11 months of 2022, over five times the figure in the corresponding period last year. That includes 1.27 million foreign tourists, meeting the minimum target set for the year.

Customs sector leads in IT application

06:00 | 05/01/2023 Digitalization

(VEN) - A new information technology (IT) system developed by the General Department of Vietnam Customs (Vietnam Customs) under its administrative reform is expected to generate savings of about VND920 billion in the next five years for 92,000 importers, exporters and operators of warehouses, yards and ports.

Nghe An Province increases local content of industrial products

06:00 | 06/01/2023 Province

(VEN) - Nghe An is one of the chosen destinations of large international investors shifting their supply chains to Vietnam, providing businesses in the north-central province with access to new opportunities for support industry development.

Green finance puts down roots in Vietnam

06:00 | 26/12/2022 Finance-Banking

(VEN) - The development of green finance is an important foundation for sustainable business growth.

Multimedia

Video Longform Infographic Photo

Vietnam plans to attract Chinese tourists

07:00 | 01/02/2023 Tourism

Vietnam's tourism industry has targeted to serve about 110 million tourists in 2023, including 8 million foreign visitors.

Dutch diplomat donates Vietnamese paintings to national museum

06:00 | 01/02/2023 Lifestyle

The ambassador collected the two lacquer paintings Kieu Hanh (Proud) and Nhung Nu Hon Tinh Yeu (Kisses of Love) when she worked in Vietnam from 1997-2001.

Key missions, solutions to socio-economic development in 2023

07:00 | 01/02/2023 Infographic

The Government has recently issued Resolution No. 01/NQ-CP on key missions and solutions to developing the socio-economy, improving the business climate, and enhancing national competitive capacity in 2023.

Cuc Phuong National Park among leading national parks in Asia

09:50 | 31/01/2023 Infographic

The Cuc Phuong National Park, a famous tourist destination in the northern province of Ninh Binh, has once again been named "Asia's Leading National Park".

Tet impressive in foreign ambassadors' eyes

14:49 | 30/01/2023 Lifestyle

Tet (Lunar New Year holiday) is always an interesting experience for foreigners in Vietnam. Enjoying the Tet atmosphere, foreign ambassadors have shared their feelings about the biggest traditional festival in the country.

Policy

Deputy FM highlights role of economic diplomacy in service of national development

11:05 | 01/02/2023 Policy

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.

Prime Minister assigns tasks to Deputy Prime Ministers

07:00 | 17/01/2023 Policy

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.

Taking advantage of growth opportunities: Party leader

09:18 | 04/01/2023 Policy

Party General Secretary Nguyen Phu Trong suggested promoting national digital transformation, digital economy and digital society in association with environmental protection while attending the teleconference between the Government and 63 provinces and cities.

Industry & Trade

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

15:05 | 02/02/2023 Industry

Hanoi eyes 950 firms in support industries this year

06:00 | 02/02/2023 Support industries

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.

Vietnam to reduce environmental impact of textile-garment industry by 2030

06:00 | 01/02/2023 Industry

The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.

Binh Lieu mountain region powers up

06:00 | 28/01/2023 Province

(VEN) - The mountainous border district of Binh Lieu in the northeastern province of Quang Ninh is changing rapidly due to investment in infrastructure of roads, electricity and schools, greatly improving the lives of the predominantly ethnic minority population.

Investment

Southeast region prepares for new FDI wave

09:18 | 02/02/2023 FDI

January FDI nears US$1.7 billion

14:46 | 31/01/2023 FDI

Vietnam attracted foreign direct investment (FDI) worth US$1.69 billion as of January 20 this year, down 19.8 percent annually, according to the General Statistics Office (GSO).

Viet Nam calls for more investment in green growth

16:52 | 22/01/2023 FDI

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.

Hanoi attracts nearly US$1.7 billion in FDI in 2022

17:43 | 03/01/2023 Metropolis

Hanoi attracted US$1.69 billion in foreign direct investment (FDI) last year, still among the localities leading the nation in this field.

Finance-Banking

State-owned banks under capital increase pressure

10:52 | 01/02/2023 Finance-Banking

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.

Positive prospects for Vietnam’s stock market this year

14:48 | 31/01/2023 Stock Market

2022 was an eventful year for the Vietnamese stock market with many records set.

Positive 2023 securities market forecasts

06:00 | 20/01/2023 Stock Market

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.

Banking sector stable, but challenges abound

06:00 | 16/01/2023 Finance-Banking

(VEN) - The banking sector will confront challenges in 2023 both from the international and domestic economies, requiring stabilized macroeconomic conditions and balances.

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.

Preserving nature, facilitating business

06:00 | 10/12/2022 Environment

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

11:40 | 24/11/2022 Environment

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.

JTI Vietnam commits to net zero greenhouse gas emissions

16:25 | 15/11/2022 Environment

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.

Science - Technology

Managed security provides IT talent gap solution for businesses in SEA

16:34 | 30/01/2023 Information technology

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

09:23 | 30/01/2023 Science - Technology

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.

WHO to share mRNA vaccine technology with VietNam

09:14 | 30/01/2023 Science - Technology

Vietnam, along with Bangladesh, Indonesia, Pakistan and Serbia will receive support from the World Health Organization (WHO)'s mRNA technology transfer hub in South Africa, announced the World Health Organization (WHO) on February 23.

Welcoming the year of digital data for Vietnam

16:57 | 22/01/2023 Digitalization

(VEN) - In 2022, the government assigned more important functions and tasks in digital transformation, government, economy, society, technology, and electronic transactions to the Ministry of Information and Communications.

Society

Vietnamese university up 97 places in Webometrics ranking

10:00 | 02/02/2023 Society

PM inspects national key transport projects

09:36 | 31/01/2023 Society

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.

A great chance to invest in commercial property

10:46 | 30/01/2023 Property

Vietnam's commercial real estate sector is still in its infancy and is mostly focused on Ho Chi Minh City and Hanoi. However, industry analysts assert that the market area has a great deal of untapped potential.

Prime Minister launches New Year tree planting festival

15:36 | 27/01/2023 Society

Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat.

Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.

VIMC embarks on strong recovery

06:00 | 10/01/2023 Companies

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.

MM Mega Market launches a new modern Giá tốt business model

16:18 | 30/12/2022 Vietnamese Brands

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.

Agro-fishery sector seeks to overcome challenges

See also

See more news

Multimedia