Vietnam Update – Nov 2016

ECONOMIC UPDATE

The outcome of the U.S. presidential elections has slightly affected the country’s trade activities and the Dong’s value.

Nikkei’s Purchasing Manager Index (PMI) rose to 54.0 in November from 51.7 in October, while the Industrial Production Index increased by 7.3% YoY in November, of which the manufacturing and processing sectors surged 11.0% YoY.

The Consumer Price Index (CPI) rose 0.48% MoM and 4.52% YoY in November, attributed to a pickup of 1.63% MoM in transportation prices and 0.9% MoM in healthcare fees. Domestic consumption grew 9.5% YoY and 7.6% YoY in terms of nominal retail sales and real retail sales, respectively.

The country posted a trade deficit of USD 400 million in November, reducing the YTD trade surplus to USD 2.85 billion. Both exports and imports achieved growth of 7.5% YoY and 3.5% YoY in November, respectively, thanks to stronger global and domestic demand at the end of the year.

Disbursed Foreign Direct Investment (FDI) increased by 8.3% YoY, reaching USD 14.3 billion in November. Meanwhile, registered FDI declined 10.4% YoY to USD 18.1 billion. The manufacturing and processing sectors remained the most attractive, with total registered…

Read More

Duxton’s Agri Bits and Pieces Vol. 313

QUOTE OF THE WEEK

One of the potential benefits of precision agriculture is only having to apply nutrients where they are most profitable, based on soil test results. However, even if farmers do have the information needed to make these specific applications, they potentially still face barriers in achieving improved production.

“In the late 1990s…approximately one-third of respondents to an agricultural retailer surveys provided single nutrient variable rate fertilizer application to their customers. By 2015, 69 percent of retailers were offering variable rate application of a single nutrient to their customers. But this still implies that approximately 30 percent of retailers still did not provide variable rate application services to their customers in 2015, presumably continuing to offer only uniform application rates across an entire field.”

 TRUMP EXPECTED TO SERVE UP HIGHER FOOD PRICES

Donald Trump has been a topic of conversation at dinner tables for some time. Now, the American president-elect is poised to push up the cost of the food on those same tables.

Policy proposals…

Read More

Duxton’s Agri Bits and Pieces Vol. 312

QUOTE OF THE WEEK

This week’s quote comes from KPMG’s Agribusiness Agenda 2016 report an highlights the future direction of farming. In a world where agri-food producers are expected to produce ever-greater output while operating within limits imposed on them by consumers, producers will need to embrace the integration of Big Data – GPS technology, IoT sensor technologies, precision applicators, autonomous vehicles – to meet these demands.

“Embedding sensors across production systems – be they pastoral, horticultural, or any other form of biological production – will be a game changer in capturing the production potential of land of any size. Delivering what is possible relies on…identifying the gems of insights that can deliver the game changer, and build the algorithms able to augment the intuition of those operating the system.”

 CLIMATE CHANGE, A GOAT FARMER’S GAIN

More than 40 million people are in need of food following one of the worst droughts ever in South Africa’s KwaZulu Natal Province, with the Southern African Development Community launching a…

Read More

Go to page: