Hanoi (VNA) - The GeneralDepartment of State Reserves (GDSR) is set to complete this year’s purchasing ofrice for national food reserves by August 15.
GDSR General Director Do Viet Duc said that, asof July 10, the agency had purchased 158,880 tonnes of husked rice and 60,200tonnes of unhusked grain, equivalent to 83.5 percent and 75 percent of therespective targets for 2020.
It has strived to address the difficulties toramp up food purchases for the national reserves at the Prime Minister’srequest, so as to stay ready to perform tasks when necessary, he noted.
During the first half of this year, amid theCOVID-19 outbreak, the GDSR worked with ministries and sectors to distributefood and other supplies worth over 1 trillion VND (43.4 million USD) fromnational reserves to support frontline forces in fighting the disease and helpingthose affected stabilise their lives./.
An estimated 524,000 tonnes of rice was exported in January, bringing home 249 million USD, reported the Ministry of Agriculture and Rural Development.
Prime Minister Nguyen Xuan Phuc chaired a working session with ministries and agencies in Hanoi on February 19 to discuss the acceleration of rice purchase as a way to improve income for farmers.
Vietnam needs to take new solutions and steps in rice production and export to ensure benefits of businesses and farmers given market-related difficulties forecast for the sector in the whole year, heard a seminar in Ho Chi Minh City on June 24.
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 (Source: VNA) 
