Tay Ninh: Nearly 130 mln USD invested in organic fruit farming zone
The southern province of Tay Ninh and a company have signed a memorandum of understanding on cooperation in developing a fruit farming zone and building a fruit processing factory complex serving export here.
Tay Ninh province and the Nafoods Group JSC sign an MoU on cooperation in developing a fruit farming zone and building a fruit processing complex on October 4 (Photo: VNA)
Tay Ninh (VNA) – The southern province of Tay Ninhand a company have signed a memorandum of understanding on cooperation indeveloping a fruit farming zone and building a fruit processing factory complexserving export here.
The provincial People’s Committee and theVietnamese Nafoods Group JSC signed the document on October 4.
Accordingly, the two sides will partner todevelop an organic fruit farming zone covering some 10,000ha at total estimatedcost of 3 trillion VND (128.6 million USD) between 2019 and 2023.
After the area is able to supply at least 150tonnes of fruit per day, Nafoods will build a factory complex in Tay Ninh so asto manufacture products for export. It expects this complex will bring home atleast 100 million USD in export turnover each year when operational.
Provincial authorities also pledged to allow theinvestor to rent at least 20ha of land for forming a seed germination garden toprovide seedlings for the farming zone. They will also assist the developmentof infrastructure associated with the zone.
Aside from support policies regulated by theState, the provincial administration will also provide specific mechanisms toencourage other businesses, cooperatives and local residents to join theproject.
Meanwhile, Nafoods will provide qualifiedseedlings, fertilizers and plant protection products, as well as training incultivation techniques for local farmers. It also vowed to apply scientific-technologicalsolutions to improve product quality and purchase all produce of the zone atreasonable prices.
Nguyen Manh Hung, Chairman of the Board ofDirectors of Nafoods Group, said his firm aims to have 60 percent of productsmeeting GlobalGAP standards and the other 40 percent meeting organic standardsto serve export.-VNA
A promotional event was held in New Delhi, India on September 25 for dragon fruits from the south central province of Binh Thuan in an effort to expand ties between agricultural exporters from Vietnam and Indian firms.
Vietnam’s fruit sector should focus on gaining trust from domestic consumers before focusing on exports, said Deputy Director of the Plant Cultivation Department under the Ministry of Agriculture and Rural Development (MARD) Nguyen Nhu Cuong.
Vietnamese businesses are introducing their beverages and farm produce to Indian consumers at 13th Annapoorna World of Food India underway in Mumbai city in India’s western state of Maharashtra.
Efficient restructuring of the agricultural sector has brought good results in production and business in the last few months, so the sector expects to gain stronger growth in production and business this year and beyond, said experts.
Exports of fruits and vegetables for the whole year are likely to reach 3.8 billion USD thanks to comprehensive measures taken by the agricultural sector, according to Nguyen Quoc Toan, Acting Director of the Department of Farm Produce Processing and Market Development under the Ministry of Agriculture and Rural Development.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Tay Ninh province and the Nafoods Group JSC sign an MoU on cooperation in developing a fruit farming zone and building a fruit processing complex on October 4 (Photo: VNA) 
