Duc Quang/ Binh Minh

VCN - The world's rice supply is in shortage, and increasing import demand in many major markets is favourable for Vietnam's rice industry to earn positive export results of about US$ 3.2-3.3 billion this year. Notably, it is forecasted that export rice prices will remain high until the end of the year.

VCN - According to Mr. Hoang Tien Dung, Director of the Department of Electricity and Renewable Energy (Ministry of Industry and Trade), Vietnam is taking the first steps in the transition from traditional energy to green and cleaner renewable energy. The energy transition process requires a comprehensive approach with the participation of all economic sectors in society with many synchronous solutions.

VCN - The price of feed materials is forecasted to continue to increase from now until the end of the year, putting great pressure on the cost of finished feed materials. Improving domestic raw material production capacity as well as investing in improving the capacity of loading and transportation systems, warehousing systems and logistics to reduce the cost of importing feed materials is an important solution to reduce pressure on the industry as a whole.

VCN - The energy crisis, taking place in many parts of the world, has been directly affecting the global economic recovery after the Covid-19 pandemic, increasing pressure on energy transition in many countries, including Vietnam. To ensure energy security, the transition from using primary energies to cleaner forms of energy, Vietnam needs to carefully calculate the route and method based on scientific research.

VCN - From the beginning of the year, fertiliser prices have been increasing, which has increased input costs, greatly affecting agricultural production. While many have suggested that the export of fertilisers should be considered soon to pause to give priority to the domestic market, the Ministry of Industry and Trade has said that there was not enough basis to do that.