Agro ministry proposes solutions to help pig-farming industry
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has submitted a variety of solutions to Prime Minister Nguyen Xuan Phuc to help the struggling pig-farming industry recover.
Customers shop at a supermarket (Photo nhandan.com.vn)
Hanoi (VNA) - Minister of Agriculture and Rural Development Nguyen Xuan Cuong has submitted a variety of solutions to Prime Minister Nguyen Xuan Phuc to help the struggling pig-farming industry recover.
The move comes after the price of live pigs kept falling, dropping to 30,000 VND (1.32 USD) per kilo in recent months. With no indication of an end to this downward spiral, pig breeders across the country are facing losses, the Infonet online newspaper reported.
Previously, the price for per kilo of live pig was 40,000 VND (1.76 USD). One of the reasons for the fall is said to be oversupply.
Immediate solutions Cuong has proposed include reducing the price of animal feed and veterinary medicine, and finding a stable market for the consumption of domestic pork.
Cuong has also suggested that the Government direct banks and credit institutions to charge off debts of pig breeders, and people selling animal feed to help them recover their losses.
In the long term, the ministry will push for the use of modern technology to reduce production costs, improve productivity and seek potential export markets for domestic pork, he said.
The ministry has planned to instruct localities across the country to review, suspend and not issue licences for more animal-feed processing facilities as the current productivity is 31 million tonnes per year, far more than the target of 25 million tonnes by 2025.
The ministry also plans to reduce the livestock from the current 4.2 million sows to three million by 2019.
🐽 Long-term solutions for the situation involve applying the supply chain model to maintain food hygiene and safety, control prices, and adjust the pork demand and supply, he said.-VNA
Authorities of northern Hoa Binh province and a JICA delegation reviewed the progress of a project on establishing a gene bank for Vietnamese native pig species and developing sustainable pig farming
Agriculture and Rural Development Minister Nguyen Xuan Cuong has called for a nationwide reduction in the number of pigs and animal feed factories after their overgrowth in the last few years.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
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.
Customers shop at a supermarket (Photo nhandan.com.vn) 
