Vietnamese women working on a green tea field (Photo: VNA) Hanoi (VNA) – Vietnam is now the seventh biggest tea producer in the world and the fifth biggest exporter of the product. According to the department of farm produce processing and market development under the Ministry of Agriculture and Rural Development, more than 500 tea factories are operational in the country. Together they produce more than 500,000 tonnes of dried tea leaves annually. Despite the high production, the export value of Vietnamese tea products is half the average global price. The main cause of this is that Vietnamese tea products are yet to meet standards set by foreign importers. Vietnam shipped 34,000 tonnes of tea overseas for 54 million USD during January – April, a decrease of 10.2 percent and 3.6 percent, respectively, from the same period of 2017. Prices of exported tea in the first quarter averaged 1,546 USD per tonne, up 7.5 percent year on year. The biggest buyers of Vietnamese … [Read more...] about Vietnam tea exports ranked fifth worldwide
Vietnam biggest export
Phones and electronics overtake textiles as biggest export earners
Phones and electronics overtake textiles as biggest export earnersHung Le Workers make garments at a factory in Vietnam. Mobile phones/phone components, and computers/electronics/accessories are now the nation’s biggest export earners, surpassing the apparel industry - PHOTO: HUNG LE HCMC – Mobile phones/phone components, and computers/electronics/accessories have overtaken textiles and garments as the nation’s biggest export earners. Data of the General Department of Vietnam Customs shows that textiles and garments registered total export revenue of US$2.15 billion in May, up 1.6% against April, but the figure was lower than export earnings of the computers/electronics/accessories group which obtained US$2.5 billion, up 11.6% against last month. Exports of the computers/electronics/components group which often came in third in the past few years have leapfrogged the apparel sector, becoming the country’s second biggest export earner. According to the … [Read more...] about Phones and electronics overtake textiles as biggest export earners
Vietnam rice export back on track
Vietnam rice export back on track Trung Chanh HCMC – Vietnam’s rice export growth has regained momentum this year after a year of slowdown, according to a report by the Vietnam Food Association (VFA). Vietnam exported 2.3 million tons of rice worth US$1 billion in the first five months of the year, up 1.6% in volume and 1.2% in value year-on-year. China remained Vietnam’s largest rice importer, accounting for 47.5% of the nation's total rice exports. More than 815,000 tons of rice costing over US$376 million went to the northern neighbor in January-April, up 16.1% and 16.2% against the same period last year respectively. Vietnam shipped 4.89 million tons of rice valued at US$2.1 billion in all of 2016, a respective decrease of 25.54% and 20.57% against 2015. China was still Vietnam’s biggest importer of the food staple last year despite a 19.79% decline. It purchased more than 1.8 million tons of rice from Vietnam last year, 36.97% of Vietnam's … [Read more...] about Vietnam rice export back on track
Vietnam to export products through official channels to China
VietNamNet Bridge - Though China is the biggest export market for Vietnam, most of the exports go through unofficial channels. VASEP has confirmed that China has outstripped the US to become Vietnam’s biggest catfish importer in the first quarter of 2017. China is also the biggest consumer of Vietnam’s rice and many other farm produce. VASEP said the demand from all Vietnam’s loyal markets decreased sharply in the first three months of the year. The US market, for example, decreased by 24.3 percent in comparison with the last year’s same period, while the EU fell 21.5 percent and ASEAN 10.8 percent. In the US market, Vietnam’s catfish had to bear anti-dumping duties and competition and hindrance from CFA (Catfish Farmers of America). In the EU market, exports met with media campaigns smearing Vietnam’s catfish. In addition, the euro/dollar exchange rate fluctuations have also led to the sharp fall in catfish exports to the market.In the EU … [Read more...] about Vietnam to export products through official channels to China
Bản in : US named Vietnam’s biggest export market
Hanoi (VNA) – The US was Vietnam’s biggest export market in the first 11 months of 2015 with a turnover of 30.6 billion USD, up 17.6 percent year-on-year, said the General Statistics Office (GSO). It was followed by the European Union (EU), with 28.1 billion USD; ASEAN, 17 billion USD; China; 15.6 billion USD; Japan, 12.8 billion USD; and the Republic of Korea, 8.4 billion USD. According to the GSO, Vietnam’s export turnover was estimated at 148.7 billion USD in the 11-month period, an 8.3 percent year-on- year increase. Of the figure, 43.6 billion USD was contributed by domestic businesses and the remainder by the foreign investment sector (including crude oil). Phones and spare parts topped the list of foreign currency earners, fetching 28.5 billion USD, up 29.6 percent. It was followed by garments, with 20.7 billion USD; computers and spare parts, 14.3 billion USD; and footwear, 10.8 billion USD. However, some agricultural and mineral products such as crude oil, … [Read more...] about Bản in : US named Vietnam’s biggest export market