A business exchange and an exhibition of made-in-Vietnam goods was held in Maputo, Mozambique on June 23-24, aiming to promote economic and trade links between the two countries.

VOV.VN - Despite a modest contraction of the Vietnam trade deficit in the five months leading up to May, the Ministry of Industry and Trade (MoIT) forecasts a wider shortfall for the full fiscal year.

Terms for special bonds issued by the Vietnam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be extended to ten years in some cases, according to a State Bank of Vietnam newly-issued regulation. 

Since late 2015 and the first months of 2016, Vietnam’s agricultural sector has continuously faced woes, including damaging cold in the north, drought and saltwater intrusion in the Mekong Delta provinces and unfavorable factors in the market.

A forum promoting trade and tourism cooperation between Vietnam and South Africa has taken place in the South African economic hub Johannesburg, drawing the participation of 100 local and 12 Hanoi-based businesses. 

Shipments of Vietnamese dragon fruit abroad are expected to shoot up after Taiwan (China) agreed to reopen its doors to Vietnamese white flesh dragon fruit from June 2016, according to the Ministry of Agriculture and Rural Development.

It took Vietnam 12 years to obtain licenses to export lychees to Australia, five years to export Cat Chu mango to Japan and eight years to export dragon fruit to Taiwan (China).  

Government approval for importing 100,000 tonnes of sugar will help meet demand in the local market, but cannot bring down prices because the distribution system is poor, economists say.

Vietnam’s rice export is estimated to hit 2.732 million tonnes in the first half of this year, according to the Vietnam Food Association (VFA). 

The northern province of Bac Giang has so far exported over 32,215 tonnes of “thieu” lychee, a provincial specialty, to China, the US, Australia and Malaysia, accounting for nearly 25 percent of the province’s total production in the 2016 crop.