The northern province of Lao Cai will scale up its cinnamon plantations to 25,000 hectares by 2025, a 2.5-fold increase from current land use, said To Manh Tien, Vice Director of the provincial Department of Agriculture and Rural Development.
Cinnamon planting areas will be expanded to 50 communes in four districts of Bao Thang, Van Ban, Bao Yen and Bac Ha with ideal conditions to develop cinnamon for essential oils.
The province also zoned off 150 hectares of land for breeding cinnamon saplings in Nam Det, Nam Tha, Xuan Hoa, Phu Nhuan and Phong Hai towns to ensure adequate supply for local germination. An oil-manufacturing company and four cinnamon wood fine-art processing stations are set to be constructed in the locality as well.
Lao Cai is currently encouraging and creating favourable conditions for enterprise investment, such as providing preferential loans, tax reductions and material zone localisations, a move to increase the quality and value of cinnamon products. It is also designing mechanisms to manage businesses production and the extracting of cinnamon oil.
Meanwhile, local farmers have been supported through trade promotion and product popularisation efforts as well as methods to advance quality.-VNA
The Government should issue policies to support the development of the domestic oil, aroma and cosmetic industry, delegates said at the recent third congress of the Vietnam Association of Oil, Aromas and Cosmetics.
A project named “ Spice of Life” promoting sustainable poverty reduction has been implemented in the mountainous province of Lao Cai, aiming to help 3,000 local spice-producing households increase their income by 10 percent.
The northern mountainous province of Lao Cai has readied itself for implementing the project “Sustainable Forest Management and Biodiversity as a Measure to Decrease CO2 Emissions.”
A newly established plant producing cinnamon products has enabled thousands of locals in Tra Bong district, Quang Ngai province to make a living from their popular plants, revealed Tra Bong People’s Committee Chairman Nguyen Xuan Bac.
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.
Illustrative image (Photo: VNA)
