Economy

The delegation of Long An province led by the Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee - Nguyen Van Ut visited and worked in Japan.

Dung Quat oil refinery has raised its capacity to 112% to contribute to reducing pressure on domestic petrol and diesel oil supply.

Vietnam targets exporting fruits worth over 5 billion USD by 2025 and roughly 6.5 billion USD by 2030, according to a project recently approved by the Vietnamese Ministry of Agriculture and Rural Development (MARD).

The application of high-tech or organic practices to agricultural production may come with costs that are higher than conventional methods, but it will help save by improving product quality and bringing higher income.

Vietnam aims to become an upper middle-income country with a modern industrial base by 2030.

The Philippines is the top importer of Vietnamese rice during January – September this year, accounting for 43.9% of the country’s total export of the grain, according to the Ministry of Agriculture and Rural Development (MARD).

Bac Ha district in Lao Cai, a famous production hub of Shan Tuyet tea, is rolling out measures to promote the economic value of the specialty and bring the product to more foreign markets, reported Vietnam Agriculture newspaper.

Vietnam’s coffee export turnover is forecast to hit 4 billion USD in 2022, according the Ministry of Agriculture and Rural Development (MARD).

The new-style rural construction associated with the application of high technology in agriculture helps to increase productivity and profit on the same cultivated area.

Vietnam raked in 9.5 billion USD from exporting aquatic products in the first 10 months of 2022, up 34% year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.

The domestic sugarcane and sugar industry expects to continue output growth with the 2022-23 crop thanks to the positive production performance and the tariff policy's efficiency for importing sugar.

On November 1, Long An delegation led by Vice Chairman of the Provincial People's Committee - Nguyen Minh Lam attended the workshop on introducing the investment environment in the South of Vietnam.