Clam exports

Vietnam’s seafood exports were estimated at nearly US$5.8 billion in the first half of 2022, up 40 percent compared to the same period last year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported. Although the growth has shown signs of slowing down, seafood exports in June still brought in over $1 billion, similar to May and up 23 percent year on year. In the second quarter of 2022, the industry's sales exceeded $3.2 billion, a nearly 36 percent increase compared to the $2.4 billion recorded in the same period of 2021. Shrimp exports in the first six months topped $2.3 billion, up 33 percent year on year and accounting for 40 percent of the country’s seafood shipments. Inflation and lack of raw materials are posing challenges for local shrimp businesses, thus many firms have decided to increase the proportion of value-added shrimp and sell them to demanding markets such as Japan, the U.S., and the EU. With regard to pangasius, the country's exports … [Read more...] about Vietnam’s seafood exports near $5.8bn in January-June

Statistics showed that in the first five months of 2022, Vietnam shipped 2.38 million USD worth of the products to Algeria. Rice was the major export product of Vietnam to Africa, which accounted for 20 percent of total export revenue generated from the market, which is also a promising land for Vietnamese coffee and peppercorn. Each year, African countries spend about 750 million USD on importing coffee. Vietnam has been one of the five major suppliers of the product in Africa. Experts reminded Vietnamese exporters to pay greater attention to transport and preservation stages when exporting goods to Africa. They advised Vietnamese firms to carefully study the market as well as legal regulations in each country and information of its partners to avoid risks, while choosing safe payment methods. At the same time, they underlined the need for exporters to ensure that their products meet particular requirements in each market./. VNA … [Read more...] about Vietnam seeks ways to step up food exports to African market

Illustration. (Photo: Bnews) Hanoi (VNA) – Auto part producer Autocom , a subsidiary of Vietnamese automaker THACO , sets to export 107,000 seat covers for Kia Bongo car model in 2022, up 18.5% from the previous year. Last month, it exported nearly 8,000 Kia Bongo seat covers to Cellmech International Vina in the Republic of Korea. This year, Autocom expects to supply many other auto accessories products to the RoK-based company, including gearshift covers and seat covers of Kia Rio, Hyundai i30 and Hyundai AX models. It is an emerging auto part manufacturer in Vietnam capable of producing car seats and various accessories, such as seat and gearshift covers, car neck pillows, backrest, and floor mats. Its products have been shipped to foreign markets, including ASEAN member states./. VNA … [Read more...] about Thaco subsidiary exports car seat covers to RoK

High prices High prices are making Vietnamese seafood products uncompetitive in the 15 member states of the Regional Comprehensive Economic Partnership Agreement (RCEP), which came into effect this year. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that in Malaysia, Vietnamese seafood products are sold at prices higher than those of Chinese and Thai products of the same kind. The Vietnam Trade Office connected Vietnamese sellers of dried fish and tuna with Malaysian importers of these products but transactions between them failed due to price disagreement, Dung said. The trade office representative said that although it has a small population, Malaysia has a high demand for seafood, and is not only a member of the RCEP but also participates in many free trade agreements (FTAs). These factors mean that successful penetration of this market will enable Vietnamese seafood businesses to access many other markets in the bloc. Price has become … [Read more...] about High price hampers Vietnam’s seafood exports to Asia-Pacific markets

A corner of the Vietnam-Singapore Industrial Park 1 (VSIP1) in Thuan An, Binh Duong. (Photo: VNA) Binh Duong (VNA) – Binh Duong posted a highest-ever trade surplus of around 6.3 billion USD in the first half of 2022 as its foreign trade has witnessed quick recovery since the beginning of this year on the back of the recovery of global production and supply chains. The southern province generated nearly 19 billion USD from exports and spent some 12.7 billion USD on imports, according to head of the provincial Statistics Office Ngo Van Mit. Its largest market in H1 was the US which imported about 6.4 billion USD worth of goods and services from Binh Duong, followed by the EU (2.2 billion USD), the Republic of Korea and Japan (over 1.8 billion USD), and Taiwan (China) (over 1.4 billion USD). Binh Duong reported a quite impressive growth of 6.84% in Gross Regional Domestic Products (GRDP) during the period; with industry and construction expanding 7.58%; services 6.60%, and … [Read more...] about Binh Duong enjoys record-high trade surplus in H1

The Japanese retailer sells Vietnamese agricultural products in some 350 of the group's stores and supermarkets across Japan and on its websites from July 1 to 3. AEON Group, the Japanese retailer, expected to sell about 30 tons of fresh lychee and 2.5 tons of fresh bananas from Vietnam during the three-day Vietnamese Goods Week in Japan. The Japanese retailer sells Vietnamese agricultural products in some 350 of the group's stores and supermarkets across Japan and on its websites from July 1 to 3. A number of Vietnamese fresh lychee are sold at AEON supermarket. Photo: congthuong.vn "Last year, we imported  five tons of fresh lychee from Vietnam and sold it only in large supermarkets. However, this year, we imported up to 22 tons of lychee and sold them in all AEON supermarkets throughout Japan," Soichi Okazaki, Executive Director of ASEAN Business at AEON, told the Vietnam News Agency . Okazaki added that Vietnamese lychee is very fragrant and … [Read more...] about Some 30 tons of fresh lychee sold at Vietnamese Goods Week in Japan