Vietnam’s shrimp exports are expected to grow this year to a value of more than 4 billion USD thanks to free trade agreements, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Exports to China have surged in recent years, with the trend forecast to continue, so Vietnamese enterprises have been urged to keep tabs on the huge market.
In the first 11 months of 2018, the export value of key forest products was estimated at US$8.49 billion, up 16.6% year-on-year.
The Mekong Delta province of An Giang targets a border gate export growth of 11%-12% in the 2025-2030 period, with a value of over US$1 billion by 2030, according to a recently approved scheme on the province’s border trade development by 2025, with vision to 2030.
Vietnam exported US$7.24 billion worth of aquatic products in the past 10 months, up 6.2% year-on-year, reported the Agro Processing Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development.
A workshop was held in Tokyo on October 22 to discuss measures to promote economic and trade cooperation between Vietnam and Japan.
Tien Giang is accelerating efforts to fulfil the year’s target of US$2.65 billion in export value, after earning US$1.99 billion in the January-September period, up 8.4% year on year and meeting 75.1% of the year’s goal.
Three export commodities have earned Vietnam more than US$20 billion in revenue each this year to September 15, according to latest statistics of the General Department of Vietnam Customs.
Trade surplus of Vietnam this year hit US$5.57 billion as of September 15, according to the General Department of Vietnam Customs.
Five commodities had export values exceeded US$1 billion in August, according to the Ministry of Industry and Trade.
A surge in exports pushed Vietnam’s trade surplus to US$2.85 billion in the first seven months of this year, reported the General Department of Vietnam Customs.
Hanoi’s export turnover in July was estimated at US$1.32 billion, up 2.3% against June, and 29.2% higher than the same period last year.
Vietnam’s garment-textile export turnover is expected to hit US$18.5 billion in the second half of 2018, bringing the year’s export value to US$35 billion, US$1 billion higher than the target set for the year, heard a press conference in Hanoi on July 30.
Vietnam gained a trade surplus of US$3.1 billion in the first seven months of this year, reported the General Statistics Office (GSO).
Analysts have advised wooden furniture manufacturers to focus on developing certified woodwork with clear origin and to diversify import sources.
Vietnam has become one of the three largest white-fleshed fish suppliers for Brazil, with the export value of Tra fish to the market reaching 104.7 million USD in 2017, up 54 percent against 2016.
Trade revenue between Vietnam and G7 countries – France, Germany, the UK, Italy, Japan, the US and Canada – reached US$113 billion in 2017,a according to the General Customs Department of Vietnam.
Vietnam earned US$15.6 billion from exporting agro-forestry-aquaculture products in the first five months of 2018, up 9.9% year-on-year.
Major brands in the footwear industry are shifting their outsourced work to Vietnam instead of China, but experts doubt this will be a good thing in the long run.
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.
