Hanoi (VNA) - Vietnam achieved cassava export growth in both volume and value in the first quarter of this year despite experiencing difficulties, according to the Ministry of Agriculture and Rural Development (MARD). Cassava exports in the first quarter rose by 14 percent in volume to 772,000 tonnes and 0.4 percent in value to 257 million USD year-on-year, the MARD’s Department of Agro-product Processing and Market Development said. Of which, exports reached 335,000 tonnes in March, earning 113 million USD. However, the average export price of cassava in the quarter fell by 12 percent to 332.5 USD per tonne. In terms of product structure during the first three months, cassava chip exports were estimated at 263,000 tonnes, earning 57 million USD, up 70 percent in volume and 96 percent in value over the same period last year. Cassava starch exports reached 509,000 tonnes, earning 200 million USD, down 2 percent in volume and 12 percent in value. During the quarter, … [Read more...] about Vietnam’s cassava exports recover in first quarter
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Of course, the Vietnamese policy also entails risks. For example, the national debt will increase. Since 2016, the national debt has nearly touched the ceiling of 65%, which offers limited space to borrow more. In addition, it could happen that companies rely too much on government support rather than finding ways out of the crisis by themselves, which would ultimately make them strong. Vietnam should resist the temptations of long-standing Keynesian policies. This always leads to an upward spiral of state interventionism. There have been economic crises and there always will be. It would be alchemy to believe that Keynesian instruments can eliminate or dampen them. Measures may be necessary in this case, but they should be taken with a sense of proportion and be limited in time. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?
According to the Vietnam Securities Depository (VSD), once the T+0 system takes effect, it could boost trading liquidity and benefit both investors and securities firms, especially when the market vulnerable to the volatility of the global markets amid fears about the instability of economic and political relations and the spread of coronavirus. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 8
Cassava exports in the first quarter rose by 14 per cent in volume to 772,000 tonnes and 0.4 per cent in value to US$257 million on-year, the MARD’s Department of Agro-product Processing and Market Development said. Of which, exports reached 335,000 tonnes in March, earning $113 million. … [Read more...] about Cassava exports recover in Q1
However, the purchase price of electricity from grid-connected solar power projects with planning and commercial operation dates before January 1, 2021 with the total cumulative capacity of not more than 2,000 MW in the southern province of Ninh Thuan – a solar power hotspot – will be entitled to a preferential price of 2,086 VND (9.35 US cents) per kWh. … [Read more...] about New tariff scheme approved to encourage solar development