Export

Hanoi (VNS/VNA) - The cement industry is forecast to see a significant increase in domestic sales in 2021, driven by investment in infrastructure, foreign direct investment inflow and the recovery of the real estate market. However, exports are set to slow down. According to a recent report by SSI Research, domestic cement demand is expected to increase around 5-7 percent this year compared to 2020. The increase in domestic sales will be fuelled by the increase in infrastructure investment, foreign direct investment inflow into the country and the recovery of the real estate market, which will push up demand for cement, SSI Research said. Cement exports are expected to be stable as import demand of China remains high amid infrastructure investment, however, it would be difficult to see strong growth like 2020 because China’s cement supply is gradually recovering. Overall, total sales of cement and clinker are forecast to increase by about 2 percent this year. SSI Research … [Read more...] about Domestic cement sales forecast to increase but export to slow down

Scarce supply would offer an advantage to shrimp exporters and processors, he said, adding that if they failed to assess the global situation and flexibly adjust production, they would face difficulties in finding opportunities this year. — VNS … [Read more...] about Shrimp exporters bring home US$3.85 billion in 2020

Hanoi (VNA) – Two more Vietnamese dairy producers have been granted with transaction codes for exporting their products to China by the Chinese General Administration of Customs, said the Ministry of Industry and Trade’s Asia-Africa Market Department on January 11. Accordingly, Binh Duong Nutifood Nutrition Food JSC is now permitted to export sterilized milk, modified milk and flavored fermented milk products to China. Meanwhile, Truong Tho Dairy Factory, a member of Vietnam’s largest dairy company Vinamilk, is licensed to ship to the neighbouring country sterilized milk, modified milk, sweetened condensed milk and other condensed milk products. So far, China has granted transaction codes to seven Vietnamese dairy companies and factories, including TH True Milk, Hanoimilk, Bel Vietnam, Nutifood, and three Vinamilk factories. China is the biggest milk importer in the world. In 2019, the country imported 39.43 million tonnes of milk and milk products. Of which, … [Read more...] about Two more Vietnamese dairy producers licensed to export to China

Hanoi (VNA) - Vietnam earned 3.26 billion USD from exporting fruit and vegetables in 2020, a year-on-year decline of 13 percent, the Ministry of Agriculture and Rural Development (MARD) has reported. Exports were down because many items with high export value saw volumes fall sharply, such as dragon fruit, which accounts for about 36 percent of total export value but fell nearly 10 percent in volume, bananas (down 13 percent), durian (56 percent), lychee (22 percent), and watermelon (36 percent). Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association (VINAFRUIT), attributed the result to declining imports from China, saying it imported 25 percent less fruit and vegetables than in 2019. He noted, however, that exports to other countries still posted stable growth, such as Thailand (140 percent), the US and the Republic of Korea (RoK) (both 11 percent), and Japan (5 percent). Fruit and vegetable exports were severely influenced by the development of the … [Read more...] about Fruit and vegetable exports hit over 3.2 billion in 2020

Anh affirmed that industries continue to overcome difficulties in the context of supply chain disruption amid Covid-19. The added value of the industry sector in 2020 increased by 3.36 percent, higher than the average growth rate of the economy. Of this, manufacturing and processing industries had a high growth rate of 5.82 percent. … [Read more...] about Vietnam sees record-high exports in 2020, but worries about trade accusations