Phnom Penh (VNA) – The Vietnam CashewAssociation (Vinacas) will help Cambodian agriculture sector increase cashewoutput to 1 million tonnes in the next decade.
An agreement to this effect was signed by Vinacas ChairmanNguyen Duc Thanh and Cambodian Minister of Agriculture, Forestry and FisheriesVeng Sakhon in Phnom Penh on January 17, under which both sides will work to increasecashew cultivation acreage and output, transfer technology, access markets andstudy and develop cashew trees in 10 Cambodian provinces.
Vinacas will also mobilise funding and technology from itsmembers in the effort, towards mitigating post-harvest loss and increasecashew’s added value in the country.
Cambodia is now home to over 100,000 ha of cashew trees witha total output of more than 100,000 tonnes, most of them are sold to Vietnam.With abundant land, the country is looking to grow 500,000 – 600,000 hectares ofcashew to reach targeted output.
At a reception for the Vinacas delegation, VietnameseAmbassador to Cambodia Vu Quang Minh spoke highly of the project, contributingto strengthening traditional friendship between the two governments andpeoples.-VNA
Vietnam’s cashew export in 2017 is hoped to reach 3 billion USD, an increase of 160 million USD from 2016, according to the Vietnam Cashew Association (VINACAS).
Vietnam is expected to harvest only 0.87 tonnes of cashew nuts per ha in 2017, 0.21 tonnes or nearly 20 percent less than 2016’s output per ha, heard a conference in Ho Chi Minh City on June 1.
The cashew industry has achieved impressive growth in the past years with increasing exports, but unfavourable weather due to the impact of climate change and an increase of diseases and pests threaten its continued development, delegates told a recent seminar in Ho Chi Minh City.
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.
Illustrative image (Source: VNA) 
