New Delhi (VNA) – Viet☂namese agricultural officials and business people joined over 250 representatives from leading pepper export countries worldwide at the 43rd Annual Session of the International Pepper Community (IPC), which took place in Karnataka state, India from November 22-26.
The event was jointly organised by the IPC, India’s Ministry of Commerce and Industry and the Indian Spices Board to discuss prospects and headwinds facing world pepper growers and traders.
The participants focused their attention on pepper consumption and stocks, pepper prices and market situation as well as measures to stabilise markets.
Specialised talks were also held on pepper cultivating techniques, processing and preservation technology, and regulations on food hygiene and safety.
On the occasion, Deputy Minister of Agriculture and Rural Development Tran Thanh Nam, who was accompanied by 14 Vietnamese large pepper businesses, met with officials from Indian Ministry of Commerce and Industry and the ministry’s Spices Board.
The two sides shared information on cooperation opportunities and sought ways to boost trade in spices, especially pepper. The Indian side said they are ready to help Vietnam to set up a pepper trading floor.
Vietnamese pepper has been shipped to 97 countries and territories. India, together with the US, Singapore and the United Arab Emirates, are the biggest pepper importers of the Southeast Asian country.-VNA
The pepper industry will, for the first time, make a full-year record gross of 1 billion USD from selling the spice this year, buoyed by a bumper harvest and high prices, according to the Vietnam Pepper Association (VPA).
Pepper is an interesting exception among Vietnam’s export farming goods, as it has maintained a high export value for eight consecutive years, especially in the past three years, the Nhan Dan (People) online newspaper reported.
The global pepper market is forecast to face a supply shortfall next year which will certainly drive prices up, so local traders should not hastily sign contracts with buyers to avoid losses, Saigon Times daily on October 29 quoted the Vietnam Pepper Association (VPA) as saying.
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.
Delegates at the event (Photo: VNA)
