Vietnam was the second largest live cattle importer of Australia last fiscal year with 309,505 heads exported, up 136 percent, according to the Australian Association of Exporters of Live Cattle and Meat on August 15.
During the period, Australia exported 1.38 million heads of cattle total, up an annual 22 percent, and brought home 1.04 billion USD – a 29 percent rise.
Indonesia continues to be the largest importer with 746,193 heads last year, representing a 20 percent increase.
Statistics showed that roughly 2.2 million live sheep worth 181 million USD were shipped abroad, marking respective rises of 9 percent and 32 percent in quantity and value. Its major market is the Middle East, which accounts for 97 percent.
The association said the live cattle export industry is seeking new markets and increased productivity.-VNA
Vietnam is striving towards producing one million tonnes of fresh milk from a total milk cow herd of 500,000 between now and 2020, according to the Ministry of Agriculture and Rural Development’s Animal Husbandry Department.
The rise in beef imports after tariffs are cut to zero in 2018 under the ASEAN Trade in Goods Agreement (ATIGA) is a serious threat for the domestic cattle industry.
The first Vietnamese-raised Kobe-style beef will be sold in June in the Central Highlands province of Lam Dong with prices ranging between 3.5 million VND (165 USD) to over 5 million VND (234 USD) per kilogram.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Illustrative image (Source: VNA)
