Sticking stamps with origin and other details on poultry meat (Source: VNA) Hanoi (VNA) – The CP Vietnam Corporation, based in the southern province of Binh Phuoc, plans to invest in a project to raise and process 100 million chickens per year for export. According to Vu Anh Tuan, Deputy Director General of the CP Vietnam Corp, in the first phase of the project, worth nearly 250 million USD, the company will produce one million chickens per week. The project aims to expand chicken export markets, ensuring food safety, product origin tracing and a sustainable business environment. The corporation has clients in Japan and the EU, Tuan said, adding that Vietnam can compete with Thailand in chicken exports, as the country has the same chicken breeding cost as Vietnam. The firm will invest in chain chicken production, from producing chicken feed, to breeding chickens and then to slaughtering them.-VNA … [Read more...] about Vietnamese firm to build chicken processing factory for export
Export
Catfish sector plans $2b export target in 2018
The Ministry of Agriculture and Rural Development has targeted to earn US$2 billion from catfish exports this year, accounting for 31.5 per cent of the fishery industry’s total export value. — Photo vietnambiz.vn The Ministry of Agriculture and Rural Development has targeted to earn US$2 billion from catfish exports this year, accounting for 31.5 per cent of the fishery industry’s total export value. This projection was stated by Nguyen Ngoc Oai, Acting General Director of the Directorate of Fisheries, at a conference to carry out tasks within the industry held in Can Tho late last week. To reach this target, the industry will need to breed some 2.2 billion catfish, to be able to deliver an output of more than 1.3 million tonnes of catfish products. To meet its targets, Oai said that the industry needs to improve the quality of catfish breeding, besides enlarging export markets. The industry must also create a production and processing chain to encourage farmers to … [Read more...] about Catfish sector plans $2b export target in 2018
Squid and octopus exports to the US soar
Two major products exported to the US are frozen squid and frozen octopus. — Photo baocongthuong.com.vn Total exports of squid and octopus from Viet Nam to the US reached US$ 9.7 million last year, up 94.7 per cent from 2016, reported the Viet Nam Association of Seafood Producers and Exporters (VASEP). Two major products exported to the US are frozen squid and frozen octopus. In 2017, exports of squid and octopus to the US increased from more than $1 million in the first quarter to $3.5 million in the fourth quarter. Statistics of the US International Trade Commission (ITC) showed that the country imported squid and octopus from 38 sources worldwide in the first 11 months last year, worth $295.8 million, down 29.2 per cent from the same period of 2016. Viet Nam is currently the ninth largest source of supply for this market. The average price of squid and octopus in Viet Nam is currently high at $7.4 per kg, while that of India is $5/kg, China $5.1/kg, Indonesia $6.8/kg and … [Read more...] about Squid and octopus exports to the US soar
Singapore’s non-oil domestic exports fall 5.9 pct in February
Illustrative image (Source: businesstime.com.sg) Singapore (VNA) – Singapore’s non-oil domestic exports (NODX) in February dropped 5.9 percent year-on-year, the strongest decline since October 2016, International Enterprise Singapore announced on March 16. The decrease disappointed economists who had expected a 4.8 percent expansion. Both electronics and non-electronics shipments fell in February. Accordingly, Singapore’s electronic product exports plumped 12.3 percent following a 3.9 percent decline in January, the strongest fall since July 2016. Meanwhile, non-electronic product shipments also decreased 3.4 percent in February, after a 20.7 percent surge in the previous month. Singapore’s exports to most of Singapore's top markets dropped in February, except the US, Japan and the Republic of Korea. The sharpest decline was seen in China, the European Union and Taiwan. Singapore’s trade value in the first two months of 2018 increased 1.7 … [Read more...] about Singapore’s non-oil domestic exports fall 5.9 pct in February
Amazon opens door to Vietnam exports in herald of market entrance
Amazon, the world’s largest Internet retailer by revenue and market capitalization, is set to officially open up its platform to exports from Vietnamese businesses this month, an insider told Tuoi Tre (Youth) newspaper. Amazon’s head of sales in Singapore would be in Vietnam later this month for an e-commerce forum held in Hanoi and Ho Chi Minh City, where the executive is expected to sign a deal with the Vietnam E-Commerce Association (VECOM), a VECOM representative said on Tuesday. The 2018 Vietnam Online Business Forum (VOBF 2018) will open in Hanoi on March 14, before moving to Ho Chi Minh City on March 16. The Amazon sales executive will take to the stage at both events to outline the company’s analysis of Vietnam’s fast-growing e-commerce market, as well as its strategies in the Southeast Asian nation. The upcoming deal, which was discussed at a meeting late last year between Amazon and VECOM, would open the door for Vietnam’s small and … [Read more...] about Amazon opens door to Vietnam exports in herald of market entrance