Earnings from vegetable and fruit exports in the first seven months of the year are estimated at 2.3 billion USD. (Photo: VNA) Hanoi (VNA) – Earnings from vegetable and fruit exports in the first seven months of the year are estimated at 2.3 billion USD, a year-on-year surge of 12.6 percent, according to the Ministry of Agriculture and Rural Development’s Processing and Market Development Authority (AgroTrade). China remained the biggest export market of Vietnam in the first half of 2018, accounting for 74 percent of the total vegetable and fruit exports. Vietnam’s vegetable and fruit exports to China reached 1.47 billion USD, up 18 percent year on year. Meanwhile, strong export growth was recorded in Thailand (37.6 percent), the Republic of Korea (16.7 percent), and the US (15.9 percent). AgroTrade said that export of dragon fruits have faced difficulties as China is expanding cultivating areas for this kind of fruit. Meanwhile, the shipment of other fruits and … [Read more...] about Vietnam earns 2.3 billion USD from vegetable, fruit exports
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Vietnam may earn over 3 billion USD thanks to 5G technology
Denis Brunetti, President of Ericsson Vietnam, Myanmar, Cambodia and Laos (Photo: VNA) Vietnam has a chance to earn more than 3 billion USD when using 5G technology, said Denis Brunetti, President of Ericsson Vietnam, Myanmar, Cambodia and Laos. Brunetti, who is also Co-chairman of the European Chamber of Commerce in Vietnam (EuroCham), made the statement during a press conference on the acceleration of 5G technology implementation and Internet of Things (IoT) connections recently held in Hanoi. Ericsson’s 5G Business Potential report forecasts that Vietnam’s telecoms operators may rake in 3.17 billion USD in revenue via 5G technology. Manufacturing, energy and utilities hold the largest potential for 5G technology operators. Brunetti noted that the number of cellular IoT connections is expected to reach 3.5 billion in 2023 and the fourth industrial revolution has promoted industry digitalisation in Vietnam. However, he stressed that the country needs to speed up the … [Read more...] about Vietnam may earn over 3 billion USD thanks to 5G technology
Cashew exports hit over 1.3 billion USD
Vietnam exported over 140,000 tonnes of cashew in the first five months of this year, raking in more than 1.39 billion USD. The Ministry of Industry and Trade reported the figures showed a rise of more than 21 percent in volume and over 25 percent in value year-on-year. As of the end of 2017, Vietnam was home to more than 337,000 hectares of cashew. There are more than 465 cashew processing firms with total designed capacity of more than 1.4 million tonnes per year. However, nearly 70 percent are in small scale. Vietnamese cashew is present in more than 90 countries and territories. Vietnam has set up a cashew processing industry, creating jobs in the farming and processing sectors for nearly 1 million people. The cashew industry has targeted 300,000 tonnes of cashew exports at a value of 3 billion USD this year.-VNA … [Read more...] about Cashew exports hit over 1.3 billion USD
Cashew exports hit over 1.3 billion USD in first five months
Vietnam exported 141,000 tonnes of cashew in the first five months of 2018, raking in more than 1.39 billion USD (Photo: VNA) Hanoi (VNA) – Vietnam exported 141,000 tonnes of cashew in the first five months of 2018, raking in more than 1.39 billion USD, reported the Import-Export Department under the Ministry of Industry and Trade. The figures showed a rise of 21.4 percent in volume and 25.3 percent in value year-on-year. In May alone, 35,000 tonnes of cashew were exported with revenue of 330 million USD, up 8.8 percent in volume and 6.4 percent in value compared to the previous month. Cashew exports have expanded for four consecutive months. Export cashew price hit an average of 9,867 USD per tonne in the first five months, up 3.2 percent year-on-year. According to statistics from the Ministry of Agriculture and Rural Development, as of the end of 2017, Vietnam was home to 337,143 hectares of cashew, 4,410 hectares more than the previous year. Yield, nevertheless, … [Read more...] about Cashew exports hit over 1.3 billion USD in first five months
Dong Nai’s export revenue reaches 4.3 billion USD in Q1
Cashew production for export (Photo: VNA) Dong Nai (VNA) – The southern province of Dong Nai earned 4.3 billion USD from export in the first quarter of 2018, up 12.3 percent over the same period last year, according to the provincial Department of Planning and Investment. Cao Tien Dung, head of the department, attributed the province’s high export revenue in the first quarter to long-term orders that local firms won earlier, as well as the recovering domestic and global economy and expanded export markets. A surge was seen in major products of the province, including footwear, garment and textile, computers, electronic spare part, machines, cashew nuts, and wooden products. Major markets of Dong Nai in the first quarter included the US, China, the Republic of Korea, Taiwan (China), the EU and Russia. Dung said that in order to maintain the high growth, and complete its target of 11 percent in exports growth to reach 18.5 billion USD, the province will continue … [Read more...] about Dong Nai’s export revenue reaches 4.3 billion USD in Q1