Vietnam exported wood and timber products worth US$1.48 billion to 38 markets in the first two months of 2018, a year-on-year rise of 38.3%.

Hoa Phat Group, a major industrial group in Vietnam, announced that it exported 30,800 tonnes of steel to the US, Australia and Asian countries in February.

Economy should lie at the heart of India-Vietnam relations, according to an article posted on the Times of India on February 27 on the occasion of the upcoming visit to India by Vietnamese President Tran Dai Quang from March 2-4.

Vietnamese importers have stopped buying raw cashew from Africa due to high prices, a representative of the Vietnam Cashew Association (VINACAS) said at a conference in HCM City on February 27.

Vietnam’s import-export revenue amounted to US$57.12 billion from the beginning of 2018 to mid-February, up 37.2% compared to the same period last year.

VOV.VN - Businesses are facing shortages of material Tra fish whereas the prices of Tra fish (pangasius) in the Mekong Delta is setting a record high, outstripping VND30,000 VND per kilo, thereby generating high profit to local farmers.

Automobile imports in Vietnam plummeted in the first month of 2018, also the time before Tet (Lunar New Year) holiday.

VOV.VN - Agroforestry and seafood exports likely reach an estimated US$2.6 billion in February, bringing the two-month total export value of the year to US$6.1 billion, up 30.2% year on year, according to the Ministry of Agriculture and Rural Development.

Total export revenue during the week-long Tet holiday, which lasted from February 14-20, reached US$289 million, up nearly 50% against the same period last year. 

Australia will cut 90% of import tariff lines in 2018 and 100% of them in 2020 under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) roadmap, said the Ministry of Industry and Trade (MoIT).

Export turnover of agro-forestry-aquatic products in February 2018 was estimated at US$2.6 billion, raising the total value in the first two months of 2018 to US$6.1 billion, up 30.2% against the same period last year.

Vietnam’s squid and octopus exports to the US reached US$9.7 million last year, up 94.7% from 2016, reported the Vietnam Association of Seafood Producers and Exporters (VASEP).

Vietnam’s export growth in 2018 is hoped to be 8-10% higher than in 2017, according to a plan set by the National Assembly and the Government. 

After focusing on exporting large volumes of unprocessed goods for a long time, more and more Vietnamese companies are now turning to export of processed and value-added products and improving their quality to penetrate global markets.

VOV.VN - Economic expert Dr. Tran Du Lich has pointed out huge opportunities for Vietnamese exports to the US market, especially after Nutifood Vietnam, a private business, won a contract to export dairy products to the US, one of the world’s most demanding consumption markets.

Tra fish exports to the UK were worth US$45.7 million last year, an increase of 2.5% over the previous year, according to the Vietnam Association of Seafood Exporters and Producers.

Vietnam plans to promote bilateral trade and investment links with strategic and important partner countries in the time ahead, towards fostering economic growth and expanding export markets. 

VOV.VN - Agroforestry and seafood exports set a new trade record of US$36.37 billion in 2017, a rise of more than US$4 billion over the previous year and setting new milestones in the process, however, last year also brought losses in the pig-farming industry and the EU’s issuance of a yellow card to Vietnamese seafood.

The cultivation sector aims to gross over US$21 billion in export turnover in 2018, representing a year-on-year rise of 2.2-2.3%, according to the Ministry of Agriculture and Rural Development.

VOV.VN - Despite several obstacles, Vietnam’s exports met and surpassed the targets set by the National Assembly and Government in 2017. This year, exports will continue to grapple with challenges such as the volatile world economy, rising global supply, and sterner competition.

VOV.VN - Ky Da pomelo which are larger and weightier than normal ones, have gone on sale in many streets in Hanoi at prices ranging from VND400,000-VND600,000 each.

Vietnam has enjoyed robust signs in seafood shipments to the EU market in January after a tough time caused by the “yellow card” issued by the European Commission over the problem of illegal, unreported and unregulated (IUU) fishing.

Viet Tien Garment JSC, one of the leading companies in the garment-textile industry in Vietnam, has set a goal of grossing US$1 billion in export turnover by 2020 with an annual average growth of 10%, according to Director General Bui Van Tien.

Trade in paper between Vietnam and India is quite low and there is significant potential for growth, a meeting between Indian and Vietnamese paper companies heard in HCM City on February 9.

VOV.VN - Colourful flower pots available at reasonable prices are sought after by many customers looking to decorate their houses for the Lunar New Year festival (Tet).

VOV.VN - The pink blossoms of wild peach trees have flooded Hanoi streets at prices ranging from hundreds of thousands of Vietnamese dongs to millions of dongs, attracting a large number of customers.

Vietnam’s coffee exports are expected to rise in 2018 thanks to projected annual increases of 7.1% for domestic yield and 1.3% for global consumption in 2017-18 crop.

Many rice export contracts continuing from 2017 and Indonesia’s import order at the year’s beginning amid limited rice supply are positive signs for Vietnam’s rice exports.

Vietnam imported US$682.1 million worth of paper products last year, a year-on-year increase of 10.86%, reported the Vietnam General Department of Customs.

Capital city Hanoi gained a year-on-year growth of 24% in export value to reach US$1.05 billion in January.