Hanoi (VNS/VNA) - Vietnam's birds nest exports are expected to swell in the coming years. According to Deputy Minister of Agriculture and Rural Development Phung Duc Tien, procedures needed to export bird’s nests to China are almost completed. Vietnam expects to ship the first batch of this product to China in the first quarter of 2021, the world’s largest bird’s nest consumption market. Do Tu Quan, head of the Vietnam Swiftlet Farming Association, said the total output of unprocessed bird’s nests is expected to reach 160 tonnes in 2025. Most of the output will be exported to China to the tune of 100 tonnes, earning 150 million USD. The remaining 60 tonnes will be processed to 42 tonnes of clean bird’s nests. Of which, it expects to ship 16.8 tonnes of clean bird’s nests to Singapore and 8.4 tonnes to the US with export values of 58.8 million USD and 29.4 million USD, respectively. The rest of the clean bird’s nests will be consumed in … [Read more...] about Bird’s nest exports set to soar in coming years
Export opportunities from india to usa
India-Vietnam Investment Forum held in HCM City
HCM City (VNA) - Garment, food processing, pharmaceuticals, information technology (IT), construction materials, and renewable energy are fields of potential where businesses from Vietnam and India can bolster investment in the time to come. This view was shared at the India-Vietnam Investment Forum, held jointly by the Indian Consulate General in Ho Chi Minh City, the Private Economic Development Research Board, the Investment & Trade Promotion Centre of HCM City, and VinaCapital Group on January 22 in HCM City. Don Lam, deputy head of the Private Economic Development Research Board and CEO of VinaCapital, said Vietnam’s private sector continues to expand despite the COVID-19 pandemic. Nearly 135,000 new enterprises with combined capital of 2.2 quadrillion VND (95 billion USD) were set up last year, a 29 percent increase in registered capital compared to 2019. Vietnamese businesses, both large and small, are ready for economic recovery and development, he said, adding … [Read more...] about India-Vietnam Investment Forum held in HCM City
RCEP helps Vietnamese agricultural products reach out to the world
At the “RCEP-UKVFTA opportunities to promote value chains of Vietnamese agricultural products” recently held in Ho Chi Minh City, Chairman of the Vietnam Farms and Agricultural Enterprises Association (VFAEA) Le Duy Minh laid stress on the world’s largest trade pact which covers a market of 2.2 billion people, with a combined GDP of 26.2 trillion USD or about 30 percent of global GDP. … [Read more...] about RCEP helps Vietnamese agricultural products reach out to the world
VIETNAM BUSINESS NEWS JANUARY 23
The start of the year has seen Trung An High-Tech Agriculture Joint Stock Company export 1,600 tonnes of high-value fragrant rice to the Singaporean and Malaysian markets at high prices. The company has also received an export order from Germany for over 2,000 tonnes of rice, a shipment which will enjoy preferential tariffs thanks to the enforcement of EU-Vietnam Free Trade Agreement (EVFTA). … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 23
Indian firms on lookout for long-term investments in Vietnam
Topics discussed at the forum, such as energy, information technology, pharmaceuticals and infrastructure, are those where both side have strengths and potential. Vietnam’s digital economy, in particular, is growing fast, paving the way for the two countries to enhance their long-term cooperation. … [Read more...] about Indian firms on lookout for long-term investments in Vietnam