The leather and footwear industry is finding new supply and demand sources to overcome difficulties due to the impact of the COVID-19 pandemic.
Vietnam’s rice exports to Africa rose sharply in the first six months of 2020 and are expected to continue surging in the remainder of the year and in 2021, according to Vietnamese Trade Counsellor to Algeria Hoang Duc Nhuan.
The Government should build corporations with financial resources to help the domestic tea industry add value, branding and sales, said Chairman of Vietnam Tea Association Nguyen Huu Tai.
Diversifying supplies of raw materials for the garment-textile sector has proven a headache during the COVID-19 pandemic, which has now been largely brought under control in Vietnam but remains a complex issue in other countries, a conference in HCM City on June 24 heard.
VOV.VN - Management agencies have put in place drastic steps in a bid to support businesses as they actively seek out sources of raw materials to be used in production whilst boosting trade promotion activities.
VOV.VN - Vietnam achieved a trade surplus of approximately US$1 billion in the first half of March, with total import-export turnover reaching over US$21.47 billion despite the impact caused by the novel coronavirus (COVID-19), according to the General Department of Vietnam Customs.
VOV.VN - With the novel coronavirus (COVID-19) epidemic showing no signs of slowing down globally, many businesses located in Ho Chi Minh City have started to devise solutions aimed at overcoming the difficulties they face in maintaining production activities and ensuring steady jobs for workers.
Vietnam’s cashew industry would need to restructure production and processing in order to ensure enough raw materials for sustainable development, according to experts.
While the ASEAN Trade in Goods Agreement (ATIGA) has been delayed until 2020, the future of the local sugar industry, with several sugar mills facing closure, remains uncertain, officials said.
The shortage of capital is hampering the operation of many small cashew factories in Vietnam.
Vietnam is expected to remain the world’s No. 1 cashew nut exporter in 2018 with a global market share of 65%, but local cashew enterprises have operated inefficiently, facing numerous problems, including shortages of raw materials and thin profit margins, Nguoi Lao Dong newspaper reported.
The European Union (EU) market was the largest export market of Vietnamese shrimp in the first quarter of this year, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam is exporting tea mainly in the form of raw materials. In an effort to increase tea export value, both farmers and businesses in the northern province of Thai Nguyen, the country’s largest tea producer, are seeking to develop brand names for their products.
Vietnam’s wood industry faces a quandary as bright export growth prospects are clouded by difficulties in finding the necessary raw materials.
In a bid to sate Indonesia’s growing thirst for coffee, the nation’s coffee firms are rushing to Vietnam to seek partners in order to secure a stable input of raw materials.
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).
Although global cashew demand is predicted to continue rising, the Vietnam Cashew Association (Vinacas) and cashew processors and exporters are worrying about a high price trap which may affect their activities in 2018.
China buys 85% of Vietnam’s total mineral exports, but the price of exports to the market is 60% of the average export price.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has called for greater efforts to address the shortage of raw materials faced by the domestic cashew processing industry, saying that remains the biggest challenge for the sector’s development.
Vietnam may not reach this year’s targeted cashew export value of US$3.3 billion, due to a shortage of raw materials for cashew export processing.