The competitiveness of Vietnamese agricultural and aquatic products is weakening compared to that of foreign counterparts in the global market, leading to a dramatic fall in these commodities’ exports so far. 

(VOV) - Vietnam imported 2.87 million tonnes of corn valued at US$622 million in the first five months of this year, up 30% in volume and 17% in value over the corresponding period of last year.

(VOV) - Vietnam’s animal feed industry is likely to achieve stable production in 2015 but transnational companies are driving domestic producers out of the business, leaving many industry leaders to call for tighter regulations by the government.

More than 150 instant food products made of rice are available at supermarkets. The industry has been witnessing a steady high growth rate of 20%-40% per annum in recent years.

(VOV) - Vietnam is rolling out a large number of agricultural foods in an exhibition at Singapore’s largest supermarket chain – NTU FairPrice – in a bid to win over consumers and boost exports.

Vietnamese consumers spent well over half a billion US dollars on smartphones in the first quarter of this year, data from a market tracker shows.

Sugar production – the industry which now enjoys the highest protection level from the State – is expected to ‘die’ when Vietnam cuts the sugar import tariff to five percent in 2018 as committed.

The Ministry of Agriculture and Rural Development (MARD) will release a master plan for the development of the macadamia industry by the end of this year. 

Vietnam’s domestic consumer spending has risen in the first five months of 2015, indicating a boost for the country’s economic growth, according to the Dau Tu (Investment) newspaper. 

(VOV) - PetroVietnam Gas Joint Stock Corporation (ticker GAS), engaged in the oil and gas refining and marketing industry, was ranked number one on Forbes top 50 Vietnamese companies list.