Can Tho prepares first batch of rice to EU with zero tariff
Trung An High-tech Farming JSC based in the Mekong Delta city of Can Tho is completing the packaging of the first batch of rice to the EU, which will enjoy zero percent tax.
Trung An High-tech Farming JSC based in the Mekong Delta city of Can Tho is completing the packaging of the first batch of rice to the EU, which will enjoy zero percent tax. (Photo: VNA)
Can Tho (VNA) – Trung An High-tech FarmingJSC based in the Mekong Delta city of Can Tho is completing the packaging ofthe first batch of rice to the EU, which will enjoy zero percent tax.
Earlier, the company signed rice contracts with three Germanconsumers with a total of 3,000 tonnes, of which 150 tonnes of ST20 and Jasminewill be included in the first batch.
Trung An's General Director Pham Thai Binh said onAugust 27 that the company has exported rice to Europe for many years. However,this is the first batch to be delivered to the region since the EU-Vietnam FreeTrade Agreement (EVFTA) took effect on August 1, with zero percent tariff, ascompared with 5-45 percent in the past.
To be accepted in the EU, the rice must have clearorigin and meet GlobalGAP or equivalent standards, according to Binh, addingthat the company will sign more contracts with French and Italian clients inthe time ahead.
Rice quotas for Vietnam under the EVFTA are expectedto push the country's rice exports up from the second half of this year, accordingto the Ministry of Industry and Trade (MoIT).
Under the EVFTA, the EU pledges to provide an annualrice quota of 80,000 tonnes to Vietnam and completely liberalise trade inbroken rice. Meanwhile, the EU also sets a range of conditions forthose quotas such as origin certificates on Vietnamese rice. The rice exportedto the EU must have authenticity certificates issued by Vietnamese authorities./.
The golden time for Vietnam to promote its rice brand will come once the country is able to promptly expand production of ST25 rice in line with a safe process, according to rice exporters.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has said that seafood exports to Europe have seen many positive signs since the EU-Vietnam Free Trade Agreement (EVFTA) came into effect at the beginning of this month.
Having recognised the advantages for exports created by the EU-Vietnam Free Trade Agreement (EVFTA), Hanoi has designed a number of measures to make full use of the opportunities it brings about.
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&.
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.
Trung An High-tech Farming JSC based in the Mekong Delta city of Can Tho is completing the packaging of the first batch of rice to the EU, which will enjoy zero percent tax. (Photo: VNA) 
