Economy

The Plant Protection Department (under the Agriculture and Rural Development Ministry) informed about the high potential of Vietnam to sell a large quantity of coconuts to China.

Developing night-time entertainment in popular urban areas, including dining, boat tours and shopping, can help to boost sustainable development in the Mekong Delta based on the local ecosystem, culture and people.

Despite a bright outlook predicted for rice exports in the second half of 2023, the rice sector still needs more support to shift from quantity to quality to seize global market opportunities.

The rising demands for rice in international markets and higher prices are benefiting rice exporters as the number of orders has increased sharply.

The export of rice, fruit and vegetables to China and other markets posted a remarkable surge by 34.7% and 64.2%, respectively in the first half.

Deputy Prime Minister Tran Hong Ha on July 18 signed a decision approving the infrastructure planning for national petroleum and gas reserves for the 2021-2030 period, with a vision towards 2050.

Analysts believed that profits of almost domestic retailers hit their lowest point in the first half of this year, and the businesses are on the path to recovery.

Logistics services are driving up added values of the domestic agriculture sector which has been developing quickly over the past years with an annual growth rate of 14-16%.

Coconut industry is playing a very important role in the socio-economic development of Vietnam and should be considered an indispensable part of the country's development strategies.

Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia Pacific has said.

Although Vietnam’s continuing to be an attractive destination for foreign manufacturers, according to insiders.

Traditional craft villages and rural industries not only create jobs and bring economic value to rural workers, but also are a convergence and crystallisation of historical and cultural values​​of that land and local people.