VietNamNet Bridge - High export turnover and high export growth rate are figures usually cited in government agency reports as proof of economic development. However, there are many problems behind the figures.

The six countries forming the Gulf Cooperation Council (GCC) – Saudi Arabia, Kuwait, Qatar, Bahrain, the UAE and Oman –  depend on imports for 80-90 per cent of their food as a large part of their land areas are desolate.

VietNamNet Bridge - The strong-dong exchange rate policy has dealt a blow to farm-produce exporters and agricultural businesses.

VietNamNet Bridge – Viet Nam has completed free trade agreement (FTA) talks with the European Union, the Republic of Korea and the Customs Union of Russia-Belarus- Kazakhstan this year,

 VietNamNet Bridge – The value of Vietnam exports outpaced the GDP growth rate by threefold in the first six months of the year, jumping up 15% over last year’s same period to US$71 billion.

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung has urged for balanced supply and demand of goods so as to keep their prices from spiralling, especially farm produce and foodstuff as the lunar New Year approaches.

The export prices have been unstable. The main export items such as rice, coffee and rubber have seen the export volumes drop sharply. As for seafood exports, shrimp are the only products seeing growth, while tuna and catfish exports have gone down.

VietNamNet Bridge – The Japanese technology – Cell Alive System is expected to be used massively in Vietnam in preserving the country’s tropical fresh farm produce and seafood in an environmental-friendly

Farmers spend big money and efforts to grow high quality farm produce which meet international standards, but the products have been refused, or sold at low prices.

From June 7, foreign invested enterprises would lose the right to collect coffee directly from farmers. It’s clear that by laying down the policy, the state aims to protect domestic companies. However, the policy may harm farmers.

VietNamNet Bridge – A slew of companies from the United States and Europe are showcasing meat, dairy products and drinks at the ongoing international food and hotel show in HCMC in an effort to increase exports

 Vietnam, China deal on farm produce trading; Hanoi and HCM City CPI down in April; Eximbank lends US$100 million to Vietnam Airlines for B787; Garment exports pick up

More and more business fields have been set as the types of conditional business. This would do more harm than good.