Seafood, forestry contribute to agriculture’s growth in Q1
The agriculture industry posted a year-on-year growth of 2.68 percent in the first quarter of 2019, despite an array of difficulties caused by the African swine fever and unstable export markets, mainly driven by the seafood and forestry sector.
Hanoi (VNA) – The agriculture industryposted a year-on-year growth of 2.68 percent in the first quarter of 2019,despite an array of difficulties caused by the African swine fever and unstableexport markets, mainly driven by the seafood and forestry sector.
In January-March, the total seafood outputreached 1.46 million tonnes, a yearly rise of 4.9 percent.
The export turnover of forestry products wasestimated at 2.4 billion USD, up 18 percent against the same period last year.
The agro-forestry-fishery export turnover in theperiod went down 2.9 percent year-on-year to 8.8 billion USD due to reductionsin rice, pepper, cashew nut, and coffee orders.
To ensure growth of more than 2.56 percent inthe second quarter, the cultivation sector must double its efforts to maintainits set growth target of 1.93 percent, while the aquaculture arena needs to posta growth of 4.78 percent and the forestry sector, 5.8 percent, according to theMinistry of Agriculture and Rural Development. –VNA
The agricultural sector targets 3 percent in gross domestic product (GDP) growth in 2019, according to the Ministry of Agriculture and Rural Development.
Vietnam’s agro-forestry-fishery exports in February hit 1.93 billion USD, bringing the figure in the first two months of this year to 5.5 billion USD, a decrease of 1.6 percent year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).
The agricultural sector posted a trade surplus of 1 billion USD in the January-February period despite a year-on-year decrease of 1.6 percent in export value.
Agro-forestry-fishery exports are estimated to have yielded 8.8 billion USD in the year’s first quarter, a year-on-year fall of 2.9 percent, the Ministry of Agriculture and Rural Development has said.
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.
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.
Processing seafood for exports (Photo: VNA)
