Shrimp, coffee, ginseng added to national products list
Prime Minister Nguyen Xuan Phuc recently signed a decision to add three more products - brackish water shrimp, high-quality coffee and ginseng - to the list of national products.
A farmer in the southern province of Bac Lieu harvest shrimp. (Photo: nhandan.com.vn)
Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc recently signed adecision to add three more products - brackish water shrimp, high-qualitycoffee and ginseng - to the list of national products.
Now, these three products will receive support under the National ProductDevelopment Programme by 2020. Brackish water shrimp includes tiger prawn andwhite-leg shrimp.
The PM has asked the concerned ministries to join hands with local authoritiesand propose incentive policies for each of these products.
Vietnam aims to earn 10 billion USD from shrimp exports by 2025 and 5-6 billionUSD by 2030 from coffee exports.
Recently, the Government approved a national project worth 9 trillion VND (395million USD) to develop farming and brand for Ngoc Linh ginseng by 2030.
Approved in 2010, the goal of the National Product Development Programme by 2020is to develop specific products under the Made-in-Vietnam brand that have highcompetitiveness and will benefit the country, and to promote technologyupgradation for their production.
In 2012, the PM had approved a list of national products, which included sixofficial products and three reserve products. Products on this list getincentives in term of credit, taxes, land use, trade promotion and marketexpansion.-VNA
Vietnam’s shrimp exports to Japan in the first quarter of this year increased by 29.6 percent year-on-year to reach 135.4 million USD, making Japan the country’s largest shrimp importer.
Prime Minister Nguyen Xuan Phuc has issued a decision on the establishment and operational regulations of a high technology agriculture area specialised in shrimp development in the Mekong Delta province of Bac Lieu.
The Ministry of Industry and Trade (MoIT) aims to connect Vietnamese businesses with major European and Asian groups such as Auchan, Casino, Central Group and AEON, so that Vietnamese goods can enter foreign distribution systems.
Vietnam’s aquaculture output reached 370,000 tonnes in May, a year-on-year increase of 3.3 percent, according to the Ministry of Agriculture and Rural Development.
Agricultural products are main export commodities of Vietnamese businesses in Dong Nai province while FDI firms here favour the shipment of products of processing, manufacturing and electronics industries.
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.
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.
A farmer in the southern province of Bac Lieu harvest shrimp. (Photo: nhandan.com.vn) 
