The province of Dak Lak has encouraged investors in and outside the locality to invest in industrialised cattle farming in a bid to raise added value and ensure sustainable development of the sector.
The Central Highland province of Dak Lak has encouraged investors in and outside the locality to invest in industrialised cattle farming in a bid to raise added value and ensure sustainable development of the sector.
Nine investors have over the past four years responded, pouring 21.3 trillion VND (952.5 million USD) in 12 animal farming projects.
Specifically, 1,500 hectares of land were allocated for the Sao Do Company to raise Brahman cows imported from Australia.
After four years of operation, the company has developed six farms with more than Australian 1,700 beef cattle and 100 calves, as well as hundreds of hectares of corn crops to be self-sufficient in feed.
Sao Do Company Director Dang Thai Nhi said the company aims to raise the herd to 13,000 beef and dairy cattle and 2,000 calves a year.
It will also construct beef and dairy processing facilities to meet the domestic demand, Nhi said.
Other investors such as the PhuocThanh Trading services Import-Export Company, TH True Milk Group, Hoang Anh Dak Lak Company, and the Duc Long Gia Lai Group JSC have also been offered incentives for developing large-scale beef cattle and dairy cow projects in remote districts of Ea Sup, Ea H’leo, Cu M’gar.
The Phuoc Thanh Company has developed a large-scale beef cattle and dairy cow project on 730 hectares of forests in the remote commune of Ea Sol in Ea H’leo district.
The locality has encouraged local enterprises to follow safe farming practice to provide hygiene products for the domestic market.
The province also aims to boost farmer-enterprise connections to enhance the effectiveness of the animal farming sector.
The sector expects to increase its production value by 7 percent each year by 2020.
Dak Lak currently has nearly 200,800 cattle, including 166,700 beef cows and more than 735,000 pigs.-VNA
Vietnam ought to convert ineffective rice cultivation areas into grass fields for raising beef cattle, since intensive livestock farming is significantly more profitable, Chairman of the Vietnam Animal Feed Association Le Ba Lich said.
The rise in beef imports after tariffs are cut to zero in 2018 under the ASEAN Trade in Goods Agreement (ATIGA) is a serious threat for the domestic cattle industry.
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.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Source: kncn.mard)
