Trade

MOIT and MARD Ministers at the conference With a population of 1.4 billion, China has been an important markets for many of Vietnam’s agricultural commodities such as rubber, fruit and vegetables, rice, cassava, cashew nuts, seafood, tea and coffee, said Tran Thanh Hai, Deputy Head of the MARD’s Export Department. He noted that with the advantages of geographical proximity, product diversity and tariff cuts from the ASEAN-China Free Trade Agreement, there remains much room for Vietnam to increase its agricultural exports to China. According to MOIT Minister Tran Tuan Anh, Vietnam is facing a number of challenges when exporting agricultural goods to China since Vietnam mainly relies on unofficial channels. He stated that Vietnam’s farming products have yet to meet China’s technical barriers and are therefore unable to penetrate further inland. Sharing this view, MARD Minister Nguyen Xuan Cuong warned that if Vietnam cannot identify changes in the Chinese … [Read more...] about Vietnam seeks to boost agricultural exports to China

Vietnamese goods at a NTUC FairPrice Group’s supermarket (Singapore) New opportunities for Vietnamese goods MMVN will implement its first fruit and vegetable export shipment to Singapore, including 20 tonnes of chilli, sweet potatoes and seedless lemon, in September. The company is expected to export about 100 tonnes of farm produce to this market in 2019. Singapore is the second foreign importer of MMVN farm produce, after Thailand. The company exported dragon fruits and sweet potatoes to Thailand in early 2018 and has plans to double the export volume (to reach about 200 tonnes per month) to this market this year. Vietnamese agricultural products are also exported through other companies including AEON, Lotte, Big C, and Saigon Co.op. After signing a cooperative agreement with NTUC FairPrice Singapore, Saigon Co.op annually exported grapefruit, sweet potatoes and dragon fruit worth almost US$2 million per year on average to Singapore, said Saigon Co.op Deputy General … [Read more...] about Vietnamese goods carve out shelf space in foreign stores

Minister of Industry and Trade Tran Tuan Anh Difficulties ahead The results of foreign trade in the early months of 2019 were said to be satisfactory in the context of numerous difficulties facing the economy. Phan Van Chinh, Director of the Agency of Foreign Trade, said that in the first seven months of 2019, the export value was estimated at US$145.13 billion, up 7.5 percent compared with the same period last year. Although this export growth was lower compared with the result of the first seven months of 2018 (16 percent), the annual target set by the National Assembly, 7-8 percent, is forecast to be achievable. Notably, the seven-month export value of domestic businesses reached US$44 billion, up 12.2 percent compared with the same period last year, while the export value of businesses with foreign direct investment (FDI) grew 5.6 percent. Industrial products such as wood, textiles, garments and plastics played a major role in the export growth of domestic businesses, but not … [Read more...] about Officials warn of choppy waters ahead for exporters

Fruit and vegetable exports in the first eight months of this year reached US$2.53 billion, down 5.8% year-on-year, according to the Agro Processing and Market Development Department (Agrotrade) under the Ministry of Agriculture and Rural Development. Workers process pineapples for export at the factory of the An Giang Fruit-Vegetables and Foodstuff JSC in An Giang province - Photo: VNA The figure includes US$246 million from August. Between January and July, China remained the biggest importer, accounting for 70.5% of Vietnam’s fruit and vegetable exports, equivalent to US$1.65 billion – down 5.6% year-on-year. It was followed by the US, whose imports rose 12.5% to US$ 84.07 million, making up 3.6% of the total. The Republic of Korea ranked third with US$76.91 million worth of commodities from Vietnam, rising 13.1% and accounting for 3.3% of the total. The markets posting surges in the import of Vietnamese fruits and vegetables included Laos 2.84 times, Hong … [Read more...] about Fruit, veg exports reach US$2.53 billion in eight months

The 9th Agricultural Product Trade Fair opened in Ho Chi Minh City on September 10. Jointly held by the Ho Chi Minh City Farmers’ Association, the municipal Department of Agriculture and Rural Development and the municipal Department of Industry and Trade, the event aims to honour and promote typical agricultural products of the city. The fair is also expected to provide a good chance for businesses and producers to exchange experiences and access new technologies in order to increase product competitiveness. It also aspires to help businesses promote their products and exchange advanced techniques and technology in agricultural production. On this occasion, the City People’s Committee also awarded certificates of merit to 24 outstanding collectives and individuals for their typical agricultural products. The fair will run until September 16. Theo NDO … [Read more...] about Agricultural product trade fair opens in Ho Chi Minh City