VOV.VN - Vietnam spent nearly US$5 billion on importing animal feed and related raw materials last year, representing a rise of 28.4% compared to 2020, according to preliminary statistics released by the General Department of Vietnam Customs.

VOV.VN - With continued recovery in the supply chains of raw materials and labourers returning to work, the wood processing industry is likely to achieve an export target of over US$16.5 billion this year, up 5.7% compared to last year, according to the Ministry of Agriculture and Rural Development.

VOV.VN - Due to an abundance of domestic raw materials, Vietnamese bivalve mollusc products continue to enjoy numerous advantages to increase exports, especially to the EU market, according to industry insiders.

The second meeting of the Vietnam – Egypt Sub-Committee on Trade and Industry Cooperation was held virtually on August 18 under the co-chair of Vietnamese Deputy Minister of Industry and Trade Cao Quoc Hung and his Egyptian counterpart Ibrahim El-Seginy.

Construction enterprises have reported divergence in the first half of 2021 as a sharp increase in raw material prices has put them under pressure.

VOV.VN - The EU-Vietnam Free Trade Agreement (EVFTA) has been effectively utilised by local firms, with 180,551 EUR.1 certificates of origin (C/O) being issued for goods exported to the EU worth a total of US$6.6 billion since the enforcement of the trade deal in August 2020.

VOV.VN - Vietnam’s consumer price index (CPI) for the first five months of the year has increased 1.29% compared to the same period last year, a record low figure since 2016, according to the General Statistics Office (GSO).

VOV.VN - In the first four months of 2021 Vietnam’s trade deficit with China jumped to US$17.6 billion, a record high figure over the past three years, according to the data from the General Department of Vietnam Customs.

The agricultural sector needs to focus on developing raw materials to reduce the dependence on imports as well as improve processing capacity, experts said.

More than 90% of domestic enterprises are small and medium-sized. The advantage of this business model is that it quickly responds to market fluctuations.