China has authorised 22 Vietnamese businesses to export rice into its market, Vietnam’s Ministry of Agricultural and Rural Development (MARD) announced.
Vietnam exported an estimated 4.88 million tonnes of rice this year, earning US$2.2 billion, down 25.8% in volume and 21.2% in value year-on-year, according to the Ministry of Agriculture and Rural Development.
VOV.VN -Domestic sector tea exports rebounded in the first 11 months of 2016, building on momentum and strengthening a partial recovery last year, the Vietnam Tea Association has reported.
VOV.VN -The Vietnam Coffee and Cocoa Association will celebrate the first Vietnam Coffee Day on December 10 at the Youth Cultural House in Ho Chi Minh City.
VOV.VN -Vietnam took market share of EU trade away from other ASEAN nations in 2015, a trend that appears likely to continue in light of a free trade agreement it concluded with the regional bloc earlier in 2016.
Cashew exports in the first ten months of this year posted strong growth, reaching 291,000 tonnes in volume and US$2.33 billion in value, heard the 8th Vietnam International Cashew Conference in the central city of Danang on November 11.
Danish brewery giant Carlsberg is looking to increase its current stake of 17.08% in state-owned Vietnamese brewer Habeco, a senior trade official said at a cabinet meeting on October 29.
VOV.VN -The growth rate of the fast-moving consumer goods (FMCG) segment of the Vietnam economy is slowing down, with a few areas showing strong prospects for potential growth.
Deputy Prime Minister Vuong Dinh Hue suggested Thailand’s Kasikorn Bank (KBank) offer more quality financial services suitable for Vietnam as the country aims to have 1 million businesses by 2020.
The sale of Sabeco, the largest beer manufacturer, and Vinamilk, the largest dairy producer, is expected to bring great opportunities to foreign investors.
With a powerful fleet which has been expanding recently, Vietnam is expected to play a role in the international aviation market.
The average price of smartphones sold in Vietnam is VND5 million, higher than last year’s price of VND4.2 million.
Local pharmaceutical companies should improve their competitive advantage before Vietnam signs the Trans-Pacific Partnership (TPP) Agreement in order to avoid losing their regional market share, experts said.
Vietnam has many advantages for tropical fruits, but because of poor packaging, marketing and high prices, local fruits cannot compete with imported products.
VOV.VN -The domestic sector has lost the local and export forestry markets to the foreign sector, Huynh Van Hanh, general director of the Handicraft and Wood Industry Association of Ho Chi Minh City has said.
Considered a lucrative market with value worth of up to billions of dollars, the seed market can only attract five to six Vietnamese companies, leaving openings for foreign seed companies.
The Prime Minister has approved a comprehensive plan for developing e-commerce in the 2016-2020 period with specific targets set, according to Decision No. 1563.
Tilapia fish exports this year are forecast to surge by 32% against 2015 to US$45 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Low-cost mobile phones, priced below VND2 million, are no longer selling well in Vietnam.
A revised protocol on plant quarantine for Vietnam’s rice and rice bran exports to China was announced during a conference held in Ho Chi Minh City on June 7.