Squid and octopus export

HCM City (VNA) - The COVID-19 pandemic is still influencing Vietnam’s fisheries exports, with export value down 10 percent in June to just 626 million USD following a sharp decline in May of 16 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Vietnam earned over 3.5 billion USD from exporting fisheries products in the first half of 2020, down 10 percent against the same period last year. In the January-June period, the sharpest fall was seen in the export of tra fish, at 31 percent, followed by tuna at 20 percent. Only shrimp exports enjoyed a rise, of just 3 percent. According to VASEP, COVID-19 has caused a 35-50 percent slump in global seafood demand, while businesses suffered from material shortages and difficulties in transportation and payments, leading to financial troubles. As of the end of June, the strongest decline had been seen in the EU market, at 35 percent. Exports were down 6 percent in the US, 17 percent in ASEAN, 9 … [Read more...] about Fisheries exports drop in June

Therefore, the MoIT will continue to support local companies, ensuring exporters know how to take full advantage of the EVFTA and have a thorough understanding of C/O. It will also work closely with EU partners to address difficulties while implementing the trade pact in a timely manner. … [Read more...] about Over 7,000 C/O issued for exports to EU in August

The US Department of Treasury’s recent report of Vietnam’s large purchases of foreign currency in 2019 raised the risk that the US might name Vietnam as a currency manipulator. To prevent this risk, the State Bank of Vietnam (SBV) may suspend or limit foreign currency purchases in the short term. Therefore, if Vietnam's trade surplus stays high, the VND may appreciate slightly against the USD. … [Read more...] about Vietnam enjoys large trade surplus in August thanks to Samsung Note 20 exports

Discussing the difficult situation, BIC director Nguyen Viet Chinh said, “The labour export market has been almost entirely frozen by COVID-19. Before the Lunar New Year, we had more than 10 students learning the language to go to South Korea in the next few months. However, most have now dropped out. Only a couple of students are trying to finish the Korean language course, but we do not know when they can depart.” … [Read more...] about Labour exporters pushed to the edge by pandemic

"The EVFTA will bring many benefits to agricultural products. Rice exports have huge potential under the EVFTA, the EU pledges to provide an annual rice quota of 80,000 tonnes to Vietnam and completely liberalise trade in broken rice. This means Vietnam can export as much as 100,000 tonnes of rice to the EU annually," he said. According to the Department of Crop Production, the EU will completely waive taxes for rice products from Vietnam after three to five years. This is an advantage over Cambodia and Myanmar that pay a tax of USD150 per tonne in 2020 and USD125 a tonne in 2021. … [Read more...] about Vietnam hopes to export 100,000 tonnes of rice to EU