Vietnam’s fruits and vegetables export has seen impressive growth, bringing home foreign currencies over the past decade.
Vietnam recorded a year-on-year rise of 9.7% in aquatic exports to US$3.12 billion in the first five months of 2018, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s total import-export value was estimated at US$182.8 billion in the first five months of this year, up 11.9% annually, said the General Department of Customs on May 30.
The Mekong Delta city of Can Tho earned an estimated US$618.5 million from exports in the first five months of this year, up 20% year on year.
VOV.VN - After suffering a decline in April, Vietnam’s exports rebounded in May with most key products achieving strong growth and exports rising to US$19.2 billion in May, up 4.5% over April and 7.1% against the same period last year.
Following China’s ban on import of plastic wastes, a lot of them are coming instead to Vietnam, but with consignees failing to claim shipments, the wastes are piling up at ports including those in Ho Chi Minh City.
The current conditions are all favorable for Vietnam to export rice: global demand is high while export prices are on the rise. However, the unstable domestic rice market still concerns exporters.
The sugar industry needs to restructure to compete with rivals in other countries such as Thailand, according to the Vietnam Sugar and Sugarcane Association.
The export value of forest products from early this year until May 24 surpassed that of seafood products to become the leader in the agro, forests and seafood export group.
The European Union (EU) market was the largest export market of Vietnamese shrimp in the first quarter of this year, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s tra fish (pangasius) exports to China continued to record year-on-year strong growth of 43% to US$145 million in the first four months of 2018.
VOV.VN - Vietnam’s exports of fruit and vegetables jumped 29.1% to US$1.32 billion during the first four months of the year, according to preliminary statistics from the General Department of Vietnam Customs.
Ho Chi Minh City and China’s Shandong province aim to facilitate bilateral trade by holding more networking events, encouraging investments between both sides, and signing a Memorandum of Understanding (MoU), promising more support in the future.
The Mekong Delta province of An Giang has exported 5.4 tonnes of three-coloured mangos to Australia for the first time.
Shipments of seafood, excluding fish, to many markets, especially the European Union (EU), showed signs of reduction recently, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Bilateral economic cooperation between Vietnam and France has yet to meet potential of both sides, as two-way trade is accounting for only 1% of Vietnam’s total international trade, Vietnamese Ambassador to France Nguyen Thiep said.
Goods temporarily imported for re-export can be kept in Vietnam for no more than 60 days from the date of completion of customs formalities, according to a new Governmental decree.
VOV.VN -Fundamental commitments of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and recommendations for businesses took centre stage of a conference co-hosted by the Vietnam Chamber of Commerce and Industry (VCCI) and the Ministry of Industry and Trade in Hanoi on May 22.
With improved product quality and consecutive win of export contracts, doors are wide open for Vietnamese rice.
The upcoming valid EU-Vietnam Free Trade Agreement (EVFTA) will create a strong driving force for fostering Vietnam – EU comprehensive economic partnership via the abolition of 99% of import tariffs in the next 7-10 years.