Export revenues of agro-forestry-fishery products in April is estimated to hit 3.5 billion USD, pushing the figure in the first four months of this year to 12.4 billion USD, equivalent to the figure recorded in the same period last year, reported the Ministry of Agriculture and Rural Development.
The Universal Alloys Corporation ASIA PTE., LTD (UAC) and the People’s Committee of the central city of Da Nang on March 29 started the construction of an aerospace component factory in the city.
Boasting 1.8 million hectares of fruit and vegetable plantation, with many various zones applied advanced technologies into production, Vietnam aims to gain 5 billion USD from farm produce exports by 2020.
Vietnam now ranks fourth globally, first in Southeast Asia and second in Asia in terms of exports of seafood, and its products are now available in over 170 countries and territories worldwide.
Coffee production areas across many Vietnamese provinces, including Dak Lak, Dak Nong, Son La and Lam Dong, are endowed with crop varieties, weather conditions and soils that are suitable to develop speciality coffee, according to experts.
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).
The fisheries sector is aiming at US$10 billion in the export of aquatic products in 2019, a year-on-year rise of 11%, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development.
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).