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.
The export value of forest products from early this year until May 24 surpassed that of seafood products to become the leader in the agro, forests and seafood export group.
Shipments of seafood, excluding fish, to many markets, especially the European Union (EU), showed signs of reduction recently, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam enjoyed a US$1.5 billion trade surplus with the UK for the first four months of 2018 as the country exported US$1.75 billion worth of goods to the market and imported US$238 million.
Vietnam exported nearly 690,000 tonnes of coffee for US$1.3 million in the first four months of 2018, up 17.2% in volume and down 0.1% in value from a year ago.
Vietnam earned some US$2.4 billion from exporting aquatic products in the first four months of 2018, representing a year-on-year rise of 13%.
Vietnam can reach its export value target of US$9 billion for forestry products this year through the export of wooden products, said an expert.
Exports of agro-forestry-fishery products in the first four months of the years were estimated at 12.3 billion USD, a year-on-year surge of 11.9 percent, according to the Ministry of Agriculture and Rural Development.
Vietnam’s total export value was estimated at US$33.62 billion by the end of February, a year-on-year increase of 22.9%, revealed the General Department of Customs.
The Ministry of Agriculture and Rural Development has asked People’s Committees of cities and provinces with large areas of shrimp farms to employ different solutions in order to reach targets set in the national action plan for the development of the shrimp industry through 2025.
The Mekong Delta province of An Giang has seen impressive hikes in exports of agricultural products and clothing in January, according to Vo Nguyen Nam, Director of the provincial Department of Industry and Trade.
VOV.VN -The Vietnamese plastic industry gained a total export value of over US$3 billion last year, a year-on-year increase of 17.3%, according to the Vietnam Plastic Association (VPA).
Vietnam earned US$36.37 billion from exporting agro-forestry-aquatic products in 2017, setting a new record for the total turnover in a year and representing a year-on-year increase of 13%, reported the Ministry of Agriculture and Rural Development.
The Mekong Delta city of Can Tho’s goods and service export revenue reached nearly US$1.43 billion in the first nine months of 2017, up 15.38% year on year.
Vietnam’s export value is likely to hit US$203 billion in 2017, a year-on-year rise of 14.5%, economists predict.