The northern province of Lao Cai will scale up its cinnamon plantations to 25,000 hectares by 2025, a 2.5-fold increase from current land use, said To Manh Tien, Vice Director of the provincial Department of Agriculture and Rural Development.
Cinnamon planting areas will be expanded to 50 communes in four districts of Bao Thang, Van Ban, Bao Yen and Bac Ha with ideal conditions to develop cinnamon for essential oils.
The province also zoned off 150 hectares of land for breeding cinnamon saplings in Nam Det, Nam Tha, Xuan Hoa, Phu Nhuan and Phong Hai towns to ensure adequate supply for local germination. An oil-manufacturing company and four cinnamon wood fine-art processing stations are set to be constructed in the locality as well.
Lao Cai is currently encouraging and creating favourable conditions for enterprise investment, such as providing preferential loans, tax reductions and material zone localisations, a move to increase the quality and value of cinnamon products. It is also designing mechanisms to manage businesses production and the extracting of cinnamon oil.
Meanwhile, local farmers have been supported through trade promotion and product popularisation efforts as well as methods to advance quality.-VNA
The Government should issue policies to support the development of the domestic oil, aroma and cosmetic industry, delegates said at the recent third congress of the Vietnam Association of Oil, Aromas and Cosmetics.
A project named “ Spice of Life” promoting sustainable poverty reduction has been implemented in the mountainous province of Lao Cai, aiming to help 3,000 local spice-producing households increase their income by 10 percent.
The northern mountainous province of Lao Cai has readied itself for implementing the project “Sustainable Forest Management and Biodiversity as a Measure to Decrease CO2 Emissions.”
A newly established plant producing cinnamon products has enabled thousands of locals in Tra Bong district, Quang Ngai province to make a living from their popular plants, revealed Tra Bong People’s Committee Chairman Nguyen Xuan Bac.
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.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative image (Photo: VNA)
