News
Lychee from Bac Giang Province Expected to Generate Over 5.775 Billion VND in Revenue in 2024
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Opportunities for Vietnamese Rice as the Philippines Reduces Import Taxes
On June 24th, the Ministry of Industry and Trade announced that Philippine President Ferdinand R. Marcos, JR., had issued Decree No. 62 reducing import tariffs on many items, including rice. This presents an opportunity for Vietnamese rice to increase exports and capture a larger market share. The Philippines has issued an order to reduce import ... Read more
27/06/2024
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The National Assembly is considering imposing a 5% VAT on fertilizers
The draft Value Added Tax Law (amended) includes fertilizers as a VAT-taxable item with a tax rate of 5%, instead of being tax-exempt as currently. Delegates debate the imposition of a 5% VAT tax on fertilizers. On the afternoon of June 24th, the National Assembly discussed the draft Law on Value Added Tax (amended) in ... Read more
26/06/2024
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The Philippines prefers OM5451 and Dai Thom 8 rice varieties from Vietnam.
Vietnamese rice still accounts for the majority of rice imported by the Philippines. Among them, the two most popular varieties in the Philippines are OM5451 and Dai Thom 8. Vietnamese rice is very popular in the Philippines. Vietnamese rice These are among the most widely produced rice varieties in the Mekong Delta. OM 5451 and ... Read more
25/06/2024
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Vietnam Spends Nearly $682 Million on Fertilizer Imports
In the first five months of this year, the country’s fertilizer imports reached over 2.12 million tons, worth over $681.9 million. Import fertilizers According to preliminary statistics from the General Department of Customs, in May 2024, Vietnam’s fertilizer imports reached 531,849 tons, equivalent to US$176.64 million, an increase of 7.4% in volume and 8.3% in ... Read more
24/06/2024
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Dong Thap Province Increases Summer-Autumn Rice Yield by Over 300 kg/Hectare Thanks to Application of Technological Advancements
In the 2024 Summer-Autumn rice crop season, Dong Thap province harvested over 52,220 hectares out of a total of more than 186,460 hectares planted, with an average yield of 72 quintals/hectare, an increase of more than 3 quintals/hectare compared to the same period in 2023. Dong Thap increases rice yield in the summer-autumn crop thanks ... Read more
21/06/2024
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Lotus-based products are expanding their export reach.
Dong Thap is a province in the southwestern part of Vietnam, renowned for its lotus production and export. In recent years, lotus exports from Dong Thap have become a highlight of the province’s agricultural sector, generating significant revenue for the local economy. The mayor is a promising lotus exporter On May 7th, Dong Thap province ... Read more
10/05/2024
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What procedures are needed to open a fertilizer dealership in An Giang?
An Giang, the province with the largest rice granary in the country, is always bustling with agricultural production. To meet the demand for quality fertilizers from farmers, opening a fertilizer dealership in An Giang has become a promising investment opportunity. Especially with the reputation and superior product quality of the Viet Nga Fertilizer brand, success ... Read more
25/04/2024
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The Importance of the “1 Million Hectares of High-Quality Rice” Project for the Mekong Delta
The International Rice Research Institute (IRRI) and the World Bank are committed to working alongside the Vietnamese Government on this project. As the largest rice-producing region in the country and having achieved many successes in 2023, the Mekong Delta region still faces constant challenges. In recent years, besides issues of crop yields and prices, climate ... Read more
05/01/2024
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The Carbon Credit Market in Vietnam is Receiving Encouraging Signs
Currently, the carbon credit trading price list is divided into 3 main groups (according to Golden Standard): – Planting and protecting forest resources at a price of $9.77 per credit unit. – Utilize renewable energy (solar panels, wind turbines, etc.) at a price of $9.67 per credit unit. – Use resources (land, water, etc.) efficiently ... Read more
23/11/2023
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High Demand Causes Vietnamese Rice Prices to Soar Again
Currently, export rice prices have increased significantly compared to July and reached a peak of $643/ton on October 28, 2023 (the highest in the past 15 years). 1. Rice prices have risen and are predicted to continue rising. As Viet Nga Fertilizer has mentioned in previous articles, rice prices in 2023 are predicted to increase ... Read more
02/11/2023
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