Agricultural sector targets attracting 25 billion USD in FDI by 2030
The agricultural sector targets attracting 25 billion USD in foreign direct investment (FDI) by 2030, along with 5 billion USD in loans and 1 billion USD in grants.
Hanoi (VNA)🉐 – The agricultural sector targets attracting 25 billion USD in foreign direct investment (FDI) by 2030, along with 5 billion USD in loans and 1 billion USD in grants.
By the end of 2022, the Ministry of Agriculture andRural Development approved projects with a total investment of 840 million USD.
The ministry is cooperating with enterprises to propose14 projects with a total capital of 3.2 billion USD.
♑ In 2023, the sector will focus on greenand circular agriculture.
To improve international cooperation and integration in the coming time, the ministry asked agencies to continue toincrease the quality of institutional work, especially thoserelating to foreign trade to ensure Vietnamese laws and regulations' compliance with its international commitments and practices.
Under the country’s international agricultural cooperation strategy, the sector aims to raise the export turnover of agro-forestry-fisheries products to 70 billion USD by 2030.
Free trade agreements with tax incentives help Vietnamese agriculture exporters have a competitive advantage in prices in the global market.(Photo: nongnghiep.vn)
Vietnam has joined 15 free trade agreements (FTAs) and continues to negotiate new deals with Israel and Canada.
🌳 It has signed FTAs with all of its key agro-forestry-fishery export markets, which helps Vietnamese exporters have a competitive advantage in prices in the global market thanks to tax incentives.
In addition, the ministry will continuestrengthening activities in market forecasting, policies, and solutions inrelations with international partners. It will also further coordinate with agriculturalassociations and industries to nominate candidates to join trade associations inVietnam’s major import markets./.
Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union.
The European Commission (EC) has acknowledged Vietnam's recent efforts in enhancing the fight against illegal, unreported and unregulated (IUU) fishing, as well as its openness to the EC's recommendations, the Ministry of Agriculture and Rural Development said on February 3.
Minister of Agriculture and Rural Development Le Minh Hoan has suggested the south-central coastal region combine agriculture with tourism development.
Vietnam’s rice exports are predicted to reach just 6 million tonnes this year, lower than last year's figure due to limited supply and inventories, said businesses.
Orders for fruits and vegetables have outnumbered those for other agricultural products so far this year, signalling a bright outlook in the time to come.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.