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Vietnam grasps opportunities to expand agricultural export market Viet Nam's agricultural products are being exported to more than 180 countries and territories, particularly products moving from the mid-range market to the higher-end segment. This information was provided at an online trade connection programme with the participation of representatives and business communities of India and three countries of the Greater Mekong Sub-region (GMS), namely Viet Nam, Thailand and Cambodia on Monday. This formed part of a series of activities of a project to strengthen international integration of small and medium-sized enterprises (SMEs) of India and the GMS countries, towards promoting global value chains and trade between India and the GMS countries, which is financed by the Asian Development Bank (ADB). Le Hoang Tai, Deputy Director of the Viet Nam Trade Promotion Agency under the Ministry of Industry and Trade, emphasised that farm produce and food were key exports of Viet Nam. … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 13

The export value of vegetables and fruits reached at US$3.2 billion in 2020 and fruits account for 80 percent of export turnover. Statistically, Vietnamese fruits have been so far exported to 60 countries and territories around the world. Currently, about 1,749 fresh fruit growing areas in the country have been granted export codes and 1,200 codes have been granted to establishments packing fresh fruit for export. Presently, fresh fruit traded globally is worth about US$240 billion yearly while the value of processed fruit products is about $270 billion a year. Therefore, it can be said that there remains huge room for Vietnam's fruit industry to develop, especially when Vietnam has joined many free trade agreements (FTAs). Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association (Vinafruit), said that in 2021, Vietnam has been making good use of advantages of the international economic integration process with the EU through the European Union … [Read more...] about Vietnam ought to improve fruit quality for exports

Trade surplus expected to soar sharply in the last months of the year The trade surplus is expected to soar sharply in the last months of the year The General Department of Customs has just released its report on Vietnam's imports and exports in the second half of September. Accordingly, the total import-export value reached $29.07 billion, up 17.9 per cent (equalling $4.42 billion) over the first half of the month. This outcome has boosted the total import-export turnover in the first nine months of 2021 to $483.82 billion (up 24.6 per cent on-year, equivalent to $95.39 billion). In the second half of September, trade surplus was $1.87 billion, contributing to reducing the trade deficit to $2.55 billion in the first nine months. Of this, total import-export turnover of the foreign-invested enterprises (FIEs) was $335.85 billion, an increase of 28 per cent on-year (equalling $73.48 billion); total value of local firms was $147.97 billion, a rise of 17.4 per … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 19

The event was co-organized by the Vietnam National University, Hanoi – University of Economics and Business (VNU-UEB), the Ministry of Natural Resources and Environment’s Department of Climate Change, and the Center for International Forestry Research (CIFOR) and World Agroforestry (ICRAF). According to VNU-UEB Rector Nguyen Truc Le, the forum aimed at connecting Vietnamese and U.K. partners in trade, services and investment, and at promoting the sides’ bilateral cooperation in education, training, and science-technology. Presentations at the forum focused on some key features of the U.K.-Vietnam Free Trade Agreement (UKVFTA); the impact of the COVID-19 pandemic on bilateral trade; policies to reduce greenhouse gas emissions towards a low-carbon economy in Vietnam; and the potential, opportunities, and challenges for the development of a forest carbon market, among other matters. The event also opened up new collaboration in research between universities under the Vietnam … [Read more...] about Forum discuses Vietnam-U.K. trade, investment, climate change response cooperation

VNU-UEB Rector Nguyen Truc Le delivers the opening speech at the forum (Photo: VNU-UEB) Hanoi (VNA) – A Vietnam – UK economy and trade forum took place in Hanoi on October 21, discussing the nations’ economic, trade and investment ties as well as the issues of climate change and low-carbon economy. The event was co-organised by the Vietnam National University, Hanoi – University of Economics and Business (VNU-UEB), the Ministry of Natural Resources and Environment’s Department of Climate Change, and the Center for International Forestry Research ( CIFOR ) and World Agroforestry (ICRAF). According to VNU-UEB Rector Nguyen Truc Le, the forum aimed at connecting Vietnamese and UK partners in trade, services and investment, and at promoting the sides’ bilateral cooperation in education, training, and science-technology. Presentations at the forum focused on some key features of the UK-Vietnam Free Trade Agreement (UKVFTA); the impact of the COVID-19 pandemic on … [Read more...] about Forum discuses Vietnam-UK trade, investment, climate change response cooperation