Increasing export

The country is switching to exporting more fragrant and high-quality rice at a higher price and added value. Furthermore, local rice farmers and traders have paid much attention to improving the quality of rice, origin traceability as well as adopted measures to meet the requirements of demanding markets such as the European Union, South Korea and the United States. … [Read more...] about Over 200 traders licensed to export rice

Hanoi (VNA) – The Philippines was the top importer of Vietnamese rice in 2020, purchasing 2.22 million tonnes worth 1.06 billion USD, a year-on-year surge of 4 percent in volume and 19.3 percent in value, according to the General Department of Vietnam Customs. … [Read more...] about Rice exports to Philippines surpass 1-billion-USD mark

Assessing the market in 2021, many enterprises in the agriculture, forestry, fisheries, food, and foodstuff sectors said that difficulties remain, at least until the end of June this year. Therefore, to cope with the above situation, enterprises, on the one hand, maintain the strategy of expanding the domestic market, and on the other hand, increase their export capacity. Impressive figures Generally analyzing the growth of agriculture, forestry, fisheries, food, and foodstuff processing industry, Mr. Do Thang Hai, Deputy Minister of Industry and Trade, said that the economy of Vietnam, in general, and Ho Chi Minh City, in particular, had experienced several fluctuations, especially in import and export activities. The national agriculture had to face various difficulties when the growth rate showed signs of a slowdown; input costs increased; natural disasters and epidemics occurred in many places, directly affecting agricultural production and food manufacturing and processing … [Read more...] about Domestic food manufacturers capable of competing with foreign ones

Tel Aviv (VNA) – Vietnam and Israel kicked off negotiation over a labour cooperation agreement with an online meeting on January 21. At the meeting, both sides discussed technical issues to clarify their labour policies and regulations, as well as issues of priority and concern. They agreed to finalise negotiations and sign the agreement as soon as possible in 2021, with a view to bringing more Vietnamese labourers to work in Israel in the field of agriculture. Israel has a high demand for migrant workers, particularly in agriculture, healthcare, construction and restaurants, among others, while Vietnam has an abundant supply of hardworking and educated workforce. Both nations have huge advantage to further collaboration thanks to the complementary nature of the two economies. Vietnamese exports to the Mediterranean Sea country slight fell in 2020 due to the COVID-19 pandemic. However, Vietnam witnessed strong surge in its key exports like coffee, footwear, cashew nut, … [Read more...] about Vietnam, Israel begin negotiation over labour cooperation

Hanoi (VNA) – The General Department of Vietnam Customs estimates the country’s trade surplus this year at 7.21 billion USD, 5.1 billion USD higher than the figure registered last year. The agency said on December 27 that the total trade turnover this year is likely to hit 482.23 billion USD, up 12.6 percent from a year earlier. It includes 244.72 billion USD in exports and 237.51 billion USD in imports, up 13.8 percent and 11.5 percent, respectively. In December alone, the trade value decreased by 2.6 percent month on month to about 42.2 billion USD, including 21 billion USD in exports – down 3.4 percent, and 21.2 billion USD in imports – down 1.8 percent. During the year, machinery, equipment and spare parts record the highest annual exports growth rate, 28 percent, to reach some 16.53 billion USD. They are followed by textile-apparel (up 16.6 percent to 30.45 billion USD) and computers, electronic products and components (up 13.4 percent to 29.45 billion … [Read more...] about Trade surplus estimated at 7.21 billion USD this year