Agricultural sector strives for 3 percent GDP growth in 2019
The agricultural sector targets 3 percent in gross domestic product (GDP) growth in 2019, according to the Ministry of Agriculture and Rural Development.
The agricultural sector targets 3 percent in gross domestic product (GDP) growth in 2019. (Photo: VNA)
Hanoi (VNA) – The agricultural sector targets 3 percent in grossdomestic product (GDP) growth in 2019, according to the Ministry of Agricultureand Rural Development.
It will strive for some 42-43 billion USD in export revenue, 48-50 percent ofcommunes recognised as new-style rural areas, and 41.85 percent in forestcoverage.
The ministry said that the sector enjoyed a successful 2018 when it contributed8.7 percent to the country’s economic growth in the year. The value ofagriculture, forestry and fishery expanded 3.76 percent, the highest level inrecent seven years. Meanwhile, the export of agro-forestry-fishery products hita record high of 40 billion USD.
As of the end of 2018, a total of3,787 communes nationwide or 42.4 percent had been recognised as new-stylerural areas, representing a year-on-year rise of 8.02 percent.
According to the NationalCoordination Office of the National Target Programme on New Rural Development,the southern province of Dong Nai has taken the lead in this regard, with allof its 133 communes gaining the status.
More than 322 trillion VND (13.8 billion USD)has been mobilised to carry out the programme, including 8.7 trillion VND(374.1 million USD) sourced from the State budget, the office said. Ruralresidents donated more than 18.3 trillion VND to implement the programme.
The robust results were spurred by strong restructuring, which shifts fromquantity to quality and added value, and from small-scale production to valuechain.
However, the ministry said that the growth is not sustainable as there is ashortage of connection between farmers and cooperatives and businesses.-VNA
Vietnam’s forestry product export is expected to reach 9.3 billion USD this year, according to the Ministry of Agriculture and Rural Development’s Vietnam Administration of Forestry (VAF).
Vietnam now has 235,000 hectares of forest accredited by the Forest Stewardship Council (FSC) for sustainable management, according to statistics from the Vietnam Administration of Forestry (VNFOREST).
As of the end of 2018, a total of 3,787 communes nationwide or 42.4 percent have been recognised as new-style rural areas, representing a year-on-year rise of 8.02 percent.
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&.
The agricultural sector targets 3 percent in gross domestic product (GDP) growth in 2019. (Photo: VNA) 
