Vietnam Today

The “Upgrading the rice value chain in the Red River Delta” project has been launched and will be conducted within a new framework for agricultural development cooperation between South Korea and Vietnam, funded by the Korean Ministry of Agriculture, Food and Rural Affairs. It will be implemented in the three northern provinces of Thai Binh, Nam Dinh, and Hung Yen from 2022 to 2025.

At the annual Vietnam Business Forum 2022 on February 21, President of the American Chamber of Commerce (AmCham) Mr. John Rockhold made a number of recommendations to the government, such as increasing the foreign “space” in Vietnamese enterprises, especially banks, continuing to reduce and postpone corporate income taxes in 2022 and 2023, reforming the capital market, and continuing to reduce the number of conditional business sectors.

With a goal of becoming a “hub” attracting domestic and global private and corporate capital flows, Ho Chi Minh City will complete a roadmap for a project to become an International Financial Center in April. The steering committee for project preparation is being led by the city’s People’s Committee Chairman. US investors have pledged to pour $6 billion into the city since 2016 to build the Center.

Vietnam faced unprecedented challenges and limited resources in 2021, but with the involvement of the entire political system, led by the Communist Party of Vietnam, and the joint efforts, consensus, and support of individuals and the business community as well as international friends and partners, it posted remarkable results, Prime Minister Pham Minh Chinh told the annual Vietnam Business Forum.

At a meeting with Executive Vice President of the European Commission (EC), Mr. Frans Timmermans, on February 18, the Ministry of Agriculture and Rural Development (MARD) secured agreement on a range of issues, such as the process of removing the “yellow card” on seafood trade, operating a legal timber assurance system, and implementing the EU-Vietnam Free Trade Agreement (EUVFTA) in agricultural trade.

At a meeting with Mr. Frans Timmermans, Executive Vice President of the European Commission (EC), on February 18, Prime Minister Pham Minh Chinh suggested that Vietnam and the EU strengthen the exchange of delegations, in 2022, especially high-level delegations, and restore in-person meetings on cooperative mechanisms. He also asked that the EU create favorable conditions for Vietnamese goods to enter the bloc, especially agricultural products and seasonal fruit.