Vietnamese rice imported by Vinamex is sold at the Carrefour supermarket in Brussels. Fragrant rice has been consumed in large quantities in Europe for a number of years, but not much has been Vietnamese. Rice from Vietnam has been subject to a relatively high import tax of 5% to 45%, depending on the variety. There are even some EU countries that impose an import tax on Vietnamese rice of up to 100% or higher. Under the EVFTA, the tax rate on rice is 0%, and if Vietnam makes good use of the opportunity to export its 80,000-ton quota then export turnover could quadruple compared to the present figure. … [Read more...] about Vietnamese agricultural products given opportunity to enter Europe
Nguyen Chi Thien, deputy director of Long An Department of Agriculture and Rural Development said they had worked with Green and Green Agriculture Company to realise the plan to use UAV in agriculture. Each UAV can spray water or pesticides over 10 hectares of rice in eight hours, 30 times faster than people and can save up to 90% of the usual amount of water. Moreover, they can be easily applied in large fields or over rough terrains. Each UAV can carry 10 litres of water and proved to be safer since the farmers do not face prolonged exposure to chemicals for a long time. Thien said the use of UAV will help boost farm automation to improve productivity. Vuong Trong Nghia, chairman of An Long Cooperatives, said they had tried the UAV in Duc Hoa District. "We'll invest into the UAVs in the future," he said. Dinh Van Chan, director of An Hi-tech Agriculture Cooperatives, also tried the UAV and confirmed that it will be a huge help for farmers and limit the negative impact of … [Read more...] about Long An seeks better agricultural efficiency with UAV
Under the resolution, the country will aim to attract foreign investment in a selective manner, focusing on quality, efficiency, technology and environmental protection. Priority will be given to foreign direct investment (FDI) projects that use advanced technology and modern management with high added value, bringing spillover effects to Vietnamese enterprises, especially small and medium-sized enterprises; and the projects must be able to connect to the global production and supply chain. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
If you take a closer look into the complementarities of our two economies, greater interdependence is really a win-win situation. These positive effects will of course only materialise if the promises and obligations of the agreements are swiftly put into practice. The benefits of the agreements will depend on the level of transparency and predictability of government behaviour in contact with business. Businesspeople and investors can be shy and have options to move elsewhere. Attracting and retaining more European FDI will require reforms and streamlining of rules and procedures. Digitalisation and access from outside of Vietnam to start and accomplish these procedures could help attract more small- and medium-sized global players. VIR … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
Mai Linh has now temporarily ceased operations in Da Nang City and Hoi An Town, the country's coronavirus hotspots. Its revenue in these localities and in some other tourist destinations like Nha Trang and Da Lat have dropped by up to 50 percent from earlier. … [Read more...] about Covid-19 makes life more difficult second time around: businesses