The export value of agricultural, forestry and fishery products is estimated to see a year-on-year increase of 1.4 percent to 4.3 billion USD in the first two months of 2017.
Hanoi (VNA)– The export value of agricultural, forestry and fishery products is estimatedto see a year-on-year increase of 1.4 percent to 4.3 billion USD in the firsttwo months of 2017.
The value in February alone is estimated at 1.9 billion USD,according to the Ministry of Agriculture and Rural Development.
Major farm products sawa year-on-year increase of 8.8 percent to 2.4 billion USD thanks mostly to asurge in coffee export, while seafood export value hit 844 million USD, down 3.1percent from the same period last year.
Meanwhile, the forestryindustry saw a slight increase of 0.3 percent in export value to 993 million USDin February.
In the first two months,coffee exports decreased by 7.3 percent in volume to 273,000 tonnes but went up22.3 percent in value to 616 million USDcompared with the same period last year.
Rice exports plummetedin both volume and value. Shipments dropped by 17.2 percent in volume to799,000 tonnes and by 40.6 percent in value to 248 million USD against the sameperiod last year.
Similar drops werewitnessed in other farming products, such as tea, cashew nuts, pepper; falling 6.9percent, 12 percent, and 36.3 percent, respectively in export value; and 1.4percent, 26.2 percent, and 19.8 percent, respectively in volume.-VNA
Aquatic exports are likely to increase 5 percent from last year to 7.4 billion USD in 2017, despite difficulties in overseas markets and fiercer competition, the Vietnam Association of Seafood Exporters and Producers (VASEP) said.
The northern mountainous province of Yen Bai aims to develop comprehensive raw material and hi-tech processing facilities to boost the development of its agro-forestry-fishery sector.
The Ministry of Agriculture and Rural Development (MARD) has devised a 2017 trade promotion plan to remove obstacles in markets and increase exports of agro-forestry-fishery products.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
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.
illustrative image (Source: VNA) 
