Farmers harvest tea in Son La province's Moc Chau district. (Photo: VNA)
Hanoi (VNA) - Vietnam shipped to Taiwan (China) 14,200tonnes of tea for over 22.5 million USD between January and September.
The figures represented year-on-year increases of 6.1percent in volume and 8.3 percent in value.
During the nine-month period, Taiwan’s tea imports exceeded24,000 tonnes worth 60 million USD.
Taiwan mostly purchases green tea from Vietnam and Japan,with the amount from Vietnam accounting for 84.1 percent of the total import.
According to Dr Nguyen Huu Tai, Chairman of the Vietnam TeaAssociation, the country has 125,000 hectares of tea farming, mainly in thenorthern provinces of Thai Nguyen, Ha Giang, Phu Thọ, Tuyen Quang and Yen Bai,and the Central Highlands province of Lam Dong.
Vietnam has the world’s second largest areaproducing tea, behind China. The country consumes 45,000 tonnes of tea a yearand exports 145,000 tonnes, achieving revenue of 245 million USD./.
The Vietnamese tea sector should work harder to improve the quality of its exports in order to better tap the global market, including Russia, experts have said.
Vietnam exported 120,000 tonnes of tea in 2018, earning revenue of 219 million USD, year-on-year decreases of 8.4 percent in volume and 3.4 percent in value, respectively.
Vietnam exported 26,000 tonnes of tea in the first quarter of 2019, earning a turnover of 45 million USD, up 2.1 percent year-on-year in volume and 15.4 percent year-on-year in value.
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.
Farmers harvest tea in Son La province's Moc Chau district. (Photo: VNA) 
