Vietnam’s coffee output in the 2015-2016 harvest is likely to fall at least 20 percent short on the set target, said the Vietnam Coffee and Cocoa Association.
Vietnam’s coffee output in the 2015-2016 harvest is likely to fall at least 20 percent short on the set target, said the Vietnam Coffee and Cocoa Association.
The situation is attributed to long-lasting severe drought in the Central Highlands, a key coffee cultivation region. Drought has withered vast areas of coffee in Dak Lak, Lam Dong, Dak Nong and Gia Lai provinces.
In Dak Lak, the largest coffee cultivation zone, nearly 48,000 ha of coffee plants were subjected to water shortages, resulting in a decrease of 15-20 percent in the output compared to those of the previous harvest.
Apart from negative weather impacts, the coffee output reduction was caused by increasingly low economic efficiency due to aging coffee trees and slow coffee re-cultivation progress in the Central Highlands region.
Vietnam is currently home to 671,000 hectares of coffee, making it one of the major crop earners.
𝄹 Last year, the country raked in 3.55 billion USD from coffee exports.-VNA
Over 200 scientists, managers and local coffee farmers gathered in Dak Lak province on December 9 to seek solutions for the sustainable replanting of old coffee trees and development of the industrial crops in the Central Highlands.
The Ministry of Agriculture and Rural Development is planning to invest in advanced technologies to enhance the value of the coffee sector through improving productivity and product quality.
Bad weather led to a 20 percent fall in coffee output in the 2014-15 crop in the domestic market, according to the Vietnam Coffee and Cacao Association.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
Harvesting coffee (Source: VNA)
