Governmental Policies

Every year Vietnam has about 200,000 new cases of cancer, with 75,000 deaths, making Vietnam one of the countries with the alarming rate of cancer, according to a seminar held in HCM City by the Association for Standardization and Customer Protection of Vietnam last week.

Nguyá»…n Anh Tuấn, the director general of the Institute of Policy and Strategy for Agriculture and Rural Development, told Nông thôn Ngày nay (Countryside Today) newspaper that a target growth rate of 2.5-3 percent over the next five years is feasible. For the next five years (2016-2020),  Việt Nam has set a target growth rate of between 2.5 to 3 percent per year for domestic agricultural production. How did the government determine this probable growth rate percentage?

Luu Bich Ho, former director of the Development Strategy Institute under the Ministry of Planning and Investment, spoke to the newspaper Kinh te & Do thị (Economic and Urban Affairs) about opportunities and challenges that Viet Nam will face to increase its already high GDP.

HÀ NỘI – President TrÆ°Æ¡ng Tấn Sang yesterday asked residents of Lá»™c An Commune of Lá»™c Ninh district in the southern Bình PhÆ°á»›c Province to employ high technology for agricultural production in order to minimise the dependence on weather conditions. He noted that it is also local authorities’ responsibility to usher in socio-economic development and promote better living conditions. He spoke with provincial leaders and local residents during his visit to the province yesterday.

Viet Nam needs to shift from a low middle-income to higher-income nation and avoid the middle-income trap by reforming policy content, structure and organisation, heard an international seminar that ended Friday in HCM City. Dr. Pham Thi Minh Uyen, from the Trade University, said based on the theory of the middle-income trap of Japanese economist Kenichi Ohno Viet Nam was now stuck in a low middle-income trap. Per capita income of Viet Nam surpassed $1,000 in 2008 (currently about $2,000) so the country is now classified as a low middle-income country, according to the criteria of the World Bank.

The Government has assigned the Ministry of Industry and Trade and Ministry of Justice to prepare a report on the Trans-Pacific Partnership (TPP) to submit to the National Assembly for approval at the NA session in mid-2016.

HÀ NỘI – As many as 28 enterprises nation-wide have been selected to participate in 31 agricultural projects that apply a hi-tech models with low interest loans, the State Bank of Việt Nam has said. The amount of money allocated to help these enterprises to develop their models was nearly VNĐ7 trillion (US$339 million), it said. The programme was carried out under the Government’s Resolution No.14, which would as a trial provide loans to enterprises who had agricultural models that ran from production through processing to consumption, and applied high-tech methods to increase production.

Four large State-owned enterprises (SOEs) in the agriculture sector are to be equitized before 2020: the Vietnam Rubber Group, the Vietnam Southern Food Corporation, the Vietnam Northern Food Corporation, and the Vietnam Coffee Corporation (Vinacafe).
 

WHEN it comes to Asian ­opportunities for agriculture exports, Vietnam may be the sweet spot. It has one of the fastest-growing economies in Asia, with a young population that is increasing its consumption of wheat, dairy and beef. According to ANZ Bank Vietnam chief executive Dennis Hussey, the Asian ­nation only “opened for business” in the mid 1990s when the US lifted trade sanctions after decades of war and ­conflict.

Vietnam will remove price controls on milk products for children under six-years-old by the beginning of next year. Deputy Prime Minister Vu Van Ninh and minister of finance Dinh Tien Dung said the move has been sparked by concessions Vietnam has made in free-trade agreements such as the Trans-Pacific Partnership and its recent trade deal with the EU.  The announcement came days after the European Chamber of Commerce in Vietnam (EuroCham) criticised the price ceilings. 

The Ministry of Agriculture and Rural Development affirmed that Vietnam has not permitted import of soil into the country after the General Department of Vietnam Customs sent a dispatch to the ministry proposing to allow and guide soil import. Previously, the general department received a document from Hai Phong City’s Custom Department reporting problems on import and quarantine procedures to soils including clay, kaolin clay and bentonite clay that have been burned. 

"Cooperatives are key components to implement policy of restructuring agricultural sector and build a new countryside", said Minister of Agriculture and Rural Development Cao Duc Phat at the conference on 3-year implementation of the Cooperative Law held on 2^nd March in Ha Noi.

HA NOI — The agriculture, forestry and fishery sectors are forecasted to face a shortage of 3.2million trained workers in 2020, labour experts said. The prediction follows human resources development planning adopted by the Prime Minister from 2011-20. It set a goal for the number of skilled labourers in agriculture, forestry and fishery to account for 50 per cent of the sectors' workers in 2020 compared to only 15.5 per cent in 2010. 

HANOI, Feb. 29 (Xinhua) -- Vietnamese Prime Minister (PM) Nguyen Tan Dung on Monday suggested cabinet members to take efforts so as to lift the country's economic growth target from 6.7 percent to around 7 percent in 2016. Chairing the regular cabinet meeting in Vietnam's capital Hanoi on Monday, the PM said "the country has made progresses in all fields". According to the General Statistics Office, in the first two months of 2016, Vietnam is estimated to post a trade surplus of 865 million U.S. dollars.

HA NOI (VNS) — The national agriculture sector is working to restructure the cultivation schedule to save water, grow saltwater-resistant crops and trees, and efficiently use irrigation water in order to help millions of farmers in the Mekong Delta confront the worst drought and saltwater intrusion in 90 years.

The launch of the Asean Economic Community (AEC) is set to open up many business opportunities especially for small and medium enterprises (SMEs). With a population of more than 600 million across Southeast Asia and growing, the smart move for SMEs is to tap into this wider market access to commercialise their products and boost their revenues and earnings. According to the Secretariat of the Association of Southeast Asian Nations, (Asean), Asean economy remains the seven largest in the world and third largest in Asia.