Buenos Aires (VNA) ಌ– Vietnam’s agriculture sector is likely to benefit greatly from the Trans-Pacific Partnership (TPP), Argentina’s Clarin newspaper reported.
An article entitled “Vietnamese agriculture seeking investment” says the country will attract millions of USD of investment and see a boom in food production.
The TPP could help Vietnam’s rice shipments to Asian markets multiply by six, which could also pose environmental challenges due to the practice of growing multiple crops a year and heavy use of pesticides and fertilisers.
The article suggests that the most viable alternative would be industrialising food production on the basis of foreign investment.
The TPP, which includes 12 Pacific Rim countries, will help attract more foreign investment to Vietnam, especially from the US and Japan. For the first time, Vietnam can draw foreign investment into the agriculture sector.
The article notes that the country’s economy could grow by 6.7 percent this year. When the TPP goes into effect, GDP could grow by 11 percent while export turnover could increase by 12 percent or more in the next 10 years.
The TPP was signed by economic ministers from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam in New Zealand on February 4, 2016.
The TPP is now undergoing a two-year ratification period in which at least six countries – which account for 85 percent of the 12 nations’ combined gross domestic production – must approve the final text for the deal to be implemented.-VNA
The Ho Chi Minh City People’s Committee signed a memorandum of understanding (MoU) to improve the domestic business environment and increase education on trade agreements.
The participation in the Trans-Pacific Partnership (TPP) is a driving force for Vietnam to fine-tune its legal framework and enforce laws on the environment, an official said.
The handbook “Summary of TPP” was introduced to enterprises and trade associations at the conference “Trans-Pacific Partnership Agreement – What enterprises need to know” in HCM City on April 14.
With nearly half of its seafood exports going to Trans-Pacific Partnership member nations, Vietnam expects the trade deal to further boost exports to these markets.
A Vietnamese business delegation conducted a fact-finding trip to Ackland, New Zealand from April 16-18 to deepen cooperation between the two countries’ enterprises .
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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&.
A rice field in the harvest season (Photo: VNA)
