Vietnam biggest export

Vietnam’s seafood exports were estimated at nearly US$5.8 billion in the first half of 2022, up 40 percent compared to the same period last year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported. Although the growth has shown signs of slowing down, seafood exports in June still brought in over $1 billion, similar to May and up 23 percent year on year. In the second quarter of 2022, the industry's sales exceeded $3.2 billion, a nearly 36 percent increase compared to the $2.4 billion recorded in the same period of 2021. Shrimp exports in the first six months topped $2.3 billion, up 33 percent year on year and accounting for 40 percent of the country’s seafood shipments. Inflation and lack of raw materials are posing challenges for local shrimp businesses, thus many firms have decided to increase the proportion of value-added shrimp and sell them to demanding markets such as Japan, the U.S., and the EU. With regard to pangasius, the country's exports … [Read more...] about Vietnam’s seafood exports near $5.8bn in January-June

Illustrative image (Photo: VNA) Dak Lak (VNA) - Vietnam aims to replant or transplant about 107,000ha of coffee in the 2021 – 2025 period, according to the Ministry of Agriculture and Rural Development (MARD). According to a project approved recently by the ministry, the productivity is expected to rise to 3.5 tonnes of coffee bean per ha, with an income 1.5-2 times higher than before, the ministry said. The combined area in the five Central Highland provinces is projected at around 91,000ha, with Lam Dong making the largest share (36,000ha), followed by Dak Lak (24,000ha), Dak Nong (18,000ha), Gia Lai (11,000ha) and Kon Tum (5,000ha). Other localities like Son La, Dien Bien, Quang Tri, Binh Phuoc, Dong Nai and Ba Ria-Vung Tau will together contribute 16,000ha. The ministry attention will be paid to stepping up scientific and technological application, as well as technological transfer , while building standardised irrigation systems. Harvesting coffee (Photo: VNA) … [Read more...] about Vietnam to replant 107,000ha of coffee by 2025

National Assembly Chairman Vuong Dinh Hue (centre) speaks at the Vietnam - UK high-level forum on economy and trade in London on June 29. (Photo: VNA) Rome (VNA) – Some media agencies in Italy higlighted Vietnam’s economic links with Europe and achievements in ensuring human rights when covering a recent tour of some European countries by National Assembly Chairman Vuong Dinh Hue . In an article about Vietnam’s trade and investment links with Italy and Europe, the La Città Futura newspaper said Vietnam is effectively implementing the commitments in the free trade agreements with the EU ( EVFTA ) and the UK (UKVFTA). So far, key farm produce of Vietnam like peppercorn, cashew nut, vegetables, fruit, tea, and rubber have benefited from preferential tariffs in the EU, which is one of the five largest markets of Vietnam’s fishery products. La Città Futura noted Vietnam is a leading partner of Italy in Southeast Asia and also a helpful bridge linking the EU, including … [Read more...] about Italian media spotlight Vietnam’s economic ties with Europe, human rights achievements

High prices High prices are making Vietnamese seafood products uncompetitive in the 15 member states of the Regional Comprehensive Economic Partnership Agreement (RCEP), which came into effect this year. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that in Malaysia, Vietnamese seafood products are sold at prices higher than those of Chinese and Thai products of the same kind. The Vietnam Trade Office connected Vietnamese sellers of dried fish and tuna with Malaysian importers of these products but transactions between them failed due to price disagreement, Dung said. The trade office representative said that although it has a small population, Malaysia has a high demand for seafood, and is not only a member of the RCEP but also participates in many free trade agreements (FTAs). These factors mean that successful penetration of this market will enable Vietnamese seafood businesses to access many other markets in the bloc. Price has become … [Read more...] about High price hampers Vietnam’s seafood exports to Asia-Pacific markets

Statistics showed that in the first five months of 2022, Vietnam shipped 2.38 million USD worth of the products to Algeria. Rice was the major export product of Vietnam to Africa, which accounted for 20 percent of total export revenue generated from the market, which is also a promising land for Vietnamese coffee and peppercorn. Each year, African countries spend about 750 million USD on importing coffee. Vietnam has been one of the five major suppliers of the product in Africa. Experts reminded Vietnamese exporters to pay greater attention to transport and preservation stages when exporting goods to Africa. They advised Vietnamese firms to carefully study the market as well as legal regulations in each country and information of its partners to avoid risks, while choosing safe payment methods. At the same time, they underlined the need for exporters to ensure that their products meet particular requirements in each market./. VNA … [Read more...] about Vietnam seeks ways to step up food exports to African market

Illustration. (Photo: Bnews) Hanoi (VNA) – Auto part producer Autocom , a subsidiary of Vietnamese automaker THACO , sets to export 107,000 seat covers for Kia Bongo car model in 2022, up 18.5% from the previous year. Last month, it exported nearly 8,000 Kia Bongo seat covers to Cellmech International Vina in the Republic of Korea. This year, Autocom expects to supply many other auto accessories products to the RoK-based company, including gearshift covers and seat covers of Kia Rio, Hyundai i30 and Hyundai AX models. It is an emerging auto part manufacturer in Vietnam capable of producing car seats and various accessories, such as seat and gearshift covers, car neck pillows, backrest, and floor mats. Its products have been shipped to foreign markets, including ASEAN member states./. VNA … [Read more...] about Thaco subsidiary exports car seat covers to RoK