Vietnam Update – Apr 2016

ECONOMIC UPDATE

The construction and FDI manufacturing sectors performed remarkably well in April.

Nikkei’s Purchasing Manager Index (PMI) inched up strongly to 52.3 in April from 50.7 in March, fueled by the solid growth of both output and new orders as well as an impressive increase in purchasing activities. The Industrial Production Index also pointed out coherent data with a strong growth of 7.3% YoY, of which manufacturing registered a solid increase of 9.6% YoY.

Consumer Price Index (CPI) inched up 0.33% MoM or 1.89% YoY in April2, spearheaded by the rally in transportation as well as housing and construction materials baskets due to the increase in pump and steel prices. Inflation in May is expected to remain on the uptrend due to several factors such as higher pump prices from the recovery of crude oil prices, a slight upward momentum of steel prices as well as upward pricing pressure on the supply of food, brought about by the prolonged drought.

April’s trade balance registered a surplus of USD 100 million, widening YTD trade surplus to USD 1.46 billion2. Handsets, garments and…

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Duxton’s Agri Bits and Pieces Vol. 287

QUOTE OF THE WEEK

This week’s quote comes from Matthew Crisp, the co-founder of Benson Hill Biosystems, an ag tech startup focusing on cloud-computed biology, and highlights why he thinks that agriculture is ripe for a disruptive “Uber moment”.

“First of all, there is much more awareness of ag in the … We have in-field data showing that we can improve corn yields by nearly 10% with no additional crop inputs… If an improvement of this magnitude were commercialized on currently planted acres of corn in the United States, it would serve as a carbon sink big enough to offset New York City’s C02 emissions for an entire year. Other use cases with relevance to sustainability include crops that require less water, are more tolerant to temperature volatility and can grow well in poor soil. All of us…

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Duxton’s Agri Bits and Pieces Vol. 286

QUOTE OF THE WEEK

This week’s quote comes from a survey conducted by the Bee Informed Partnership and funded by the U.S. Department of Agriculture (USDA) and demonstrates the importance of bees in agricultural production. 

“The USDA describes honey bees as being a critical link in U.S. agricultural production and says that pollination by managed honey bee colonies contributes at least $15 billion to the value of U.S. agriculture every year.”


THE GROWING STRESS ON THE WORLD’S WATER

The World Bank has warned countries that one of climate change’s most significant impacts will be on a precious resource that many people, particularly in advanced nations, take for granted: water. The concerns go far beyond sea-level rise, which is perhaps the most predictable result of the planet’s increasing temperature, or an uptick in extreme weather. Countries must worry about whether their people will have enough fresh water to farm, produce electricity, bathe and drink.

Global warming will not change the amount of water in the world, but it will affect water’s distribution across countries, making some much worse off. The World…

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