Vietnam Update – Sept 2016

ECONOMIC UPDATE

FDI and manufacturing sectors remain important factors in driving economic growth.

Vietnam’s GDP rose 6.40% YoY in the third quarter of 2016, bringing GDP growth in nine months of 2016 (9M2016) to 5.93% YoY, lower than the growth 6.53% during the same period in 2015, mainly due to poor performance of agricultural and mining sectors in the first half of 20161. The manufacturing subsector continued to be the bright spot of the economy, growing 11.22% YoY1.

Nikkei’s Purchasing Manager Index (PMI) stood at 52.9 in September, a slight increase from 52.2 in August, on rising output, new orders and purchasing activity. Meanwhile, the Industrial Production Index rose by 7.4% YoY in September, much lower than 9.8% in the same period last year due to the sharp reduction of 4.1% in mining output1.

Consumer Price Index (CPI) increased 0.54% MoM in September, reaching the highest monthly level since the beginning of this year and the headline inflation settled at 3.34% YoY1. Much of increase was attributed to the pickup of 7.19% MoM in education, 2.05% MoM in food and…

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Duxton’s Agri Bits and Pieces Vol. 305

QUOTE OF THE WEEK

One of the challenges facing the world is how to reduce hunger and grow more food as weather patterns become more erratic with climate change and as the global population increases to an estimated 9 billion in the next 35 years. This week’s quote comes from ‘Hidden data: the new weapon that could beat hunger’ and highlights how, when barriers are reduced, data can have a positive effect on food security.

“Data-based innovation could help in the form of cheaper and more accessible insurance for small-scale farmers, phone apps bringing real-time weather and market data to farmers in language they understand, or online land records that help women lay formal claim to the land they farm.”

PRISONERS TRAIN TO FILL FARMING LABOUR GAP

New Zealand needs to fill 50,000 new jobs in the farming sector over the next decade, and hundreds of prisoners are training up to fill the gap.

More than 400 prisoners nationwide have earned NCEA qualifications from Level 1 to 4…

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Duxton’s Agri Bits and Pieces Vol. 304

QUOTE OF THE WEEK

This week’s quote comes from AGRA’s Africa Agriculture Status Report 2016 and highlights what is required in order to achieve prosperity in Africa.

“…access to finance and investment is critical for agricultural transformation, wealth creation and long-term prosperity in Africa. For the continent to sustain and maintain its momentum in the progress towards agricultural transformation, agriculture investment is needed.”

IRRIGATED AGRICULTURE IN AUSTRALIA NOW WORTH MORE THAN $15 BILLION

The value of irrigated agricultural production in Australia has hit more than $15 billion.

Figures released by the Bureau of Statistics this week show that in 2014-15, the Gross Value of Irrigated Agricultural Production (GVIAP) rose by 3 per cent, or $509 million.

Irrigated production accounted for 30 per cent of the Gross Value of Agricultural Production (GVAP), which was up 5 per cent to more than $53 billion.

The highest value irrigated commodities were fruit and nuts (excluding grapes) at $2.88 billion, dairy products at $2.83 billion and vegetables at $2.68 billion, accounting for 56 per…

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