Trade

(VEN) - Bat Trang ceramic and pottery products, including household items, worship instruments, and fine art and handicraft articles, among others, have long been known for their high quality and design. The products made in Bat Trang Commune of Hanoi’s Gia Lam District have attracted an increasing number of customers. Bat Trang has become one of the biggest Vietnamese ceramic and pottery names Bat Trang has gained a strong reputation and is one of the few traditional craft villages in Hanoi that is prospering. It was a joint operation comprised of five famous families - Tran, Vuong, Nguyen, Le, and Pham from Thanh Hoa Province and the Nguyen family from Minh Trang. Bat Trang has now become a big and famous name in the ceramic and potter market. While they have attracted an increasing number of customers in the domestic market and are exported to many countries and territories worldwide, Bat Trang ceramics and pottery are facing imitation problems. Responding … [Read more...] about BatTrang Family Marts launched

Vietnamese rambutans have been approved for export to New Zealand, which was officially announced at a ceremony on April 10. Vietnam to export rambutans to New Zealand At the event, New Zealand's experience and innovative solutions were shared in order to help Vietnam improve the competitiveness of the sector. Earlier, the good news was announced during the official visit to New Zealand by Deputy Prime Minister Vuong Dinh Hue on July 27, 2017. According to the Ministry of Agriculture and Rural Development, Vietnamese rambutans have been exported to the US, Canada, the EU, Eastern Europe, several countries in Africa, China and a number of other countries in Southeast Asia. Vietnamese rambutans are mainly grown in the southern provinces with an area of more than 50,000 hectares, providing roughly 300,000 tonnes of produce each year. The export of Vietnamese rambutans to New Zealand will contribute to increasing the export turnover of this year and in the future. In 2017, the … [Read more...] about Vietnam to export rambutans to New Zealand

(VEN) - A number of discerning foreign markets have accepted fruit and vegetable imports from Vietnam, opening up opportunities for the country to increase farm produce exports. Cat Chu mangos, grown in the southern Dong Thap Province, have been exported to many countries worldwide Tripling domestic price According to the Ministry of Industry and Trade, vegetables and fruits continue to be one of the highest growth exports in 2018, yielding US$220 million in February and US$604 million in the first two months of this year, up 18 and 43.4 percent from the same time last year, respectively. Vietnamese fruits and vegetables have attracted importers from not only traditional markets but also discerning markets. According to the Ministry of Agriculture and Rural Development’s Plant Protection Department, Vietnamese businesses for the first time exported star apples to the US in December 2017 and have sold about 230 tonnes of star apples to that market as of the … [Read more...] about Farm produce exports to discerning markets grow

More than 200 domestic and foreign enterprises are taking part in the International Exhibition on Heating, Ventilation, Air-Conditioning, Air Filtration & Purification and Refrigeration Systems (HVACR Vietnam 2018), which opened in Hanoi on April 18. At the event - Photo: kinhtevn.com.vn Among the participants are many famous international brands from China, India, Italy, the Republic of Korea, the US, Malaysia, Singapore, Thailand, and Turkey. At the event, they will introduce their latest equipment and technology which will provide customers with access to the convenience, safety, and energy efficiency of the newest and best products on the market. The annual international event is considered as the ideal platform for international manufacturers and suppliers to launch new products, reach out to buyers, appoint agents and distributors, build brand awareness, and establish business networks in Vietnam’s booming economy. The previous edition was held in March 2017 … [Read more...] about Over 200 enterprises participate in HVACR Vietnam 2018

(VEN) - Vietnam Expo 2018, opening in Hanoi on April 11 for the 28th time, focused on the display of machines, construction materials, information technology, food, and healthcare products. With a growing number of participants, the annual fair is one of the major trade promotion events for the Vietnamese industry and trade sector. The expo also includes business connection activities, consultations and workshops.  Themed “Enhancing regional and global economic links”, the event enabled domestic business representatives to meet and discuss cooperation opportunities with foreign partners instead of going abroad. In previous years, hundreds of cooperation contracts and memorandums of understanding were signed at the expos. Russia was a featured guest at Vietnam Expo 2018, with a national pavilion covering 520sq.m, presenting machinery and technologies in fields such as aviation, mining, railways, precise engineering, automation and biotechnology. VIST Group … [Read more...] about Vietnam Expo 2018: A golden opportunity for trade

Bahrain will open its trade promotion offices in Hanoi and Ho Chi Minh City to facilitate trade with Vietnam and other countries in the ASEAN bloc, said Sheikh Daij bin Isa Al Khalifa, Chairman of the ASEAN-Bahrain Business Council. At the meeting - Photo: VNA He made the statement while meeting with Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem on April 16. Theo VNA … [Read more...] about Bahrain to open trade promotion office in Hanoi, HCM City

(VEN) - Vietnamese businesses have not taken full advantage of the many benefits provided by trade agreements with Japan, especially in terms of tariff preferences, according to participants at a recent seminar in Ho Chi Minh City. The seminar, sponsored by the Ministry of Industry and Trade, focused on Japanese market information and related import regulations.   The Japan-Vietnam Economic Partnership Agreement (JVEPA) and the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP) were both designed to boost business between the two countries. Under VJEPA, in force since October 1, 2009, Vietnam will abolish 90.64 percent of tariff lines by 2026, and Japan will abolish almost 94.53 percent of its tariff lines within 10 years. Japan has committed to reduce its average tax on industrial products – a major Vietnamese import – to 0.4 percent by 2019. Meanwhile, Vietnam’s textile and garment exports to Japan have benefitted from a zero (0) percent tax … [Read more...] about Trade with Japan Vietnamese enterprises enjoy double advantage

(VEN) - The Ministry of Industry and Trade has been working with relevant ministries, departments and associations to minimize the risks in the export of Tra fish due to high antidumping duties imposed by the US Department of Commerce on Vietnam’s frozen pangasius fillets. Le Trieu Dung, deputy director of the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade discussed the issue in an interview with Vietnam Economic News’ Phuong Lan and Dinh Dung. The US Department of Commerce recently issued the final results of the 13th administrative review of antidumping duties on Vietnam’s frozen pangasius fillets. How will it affect export turnover of Vietnamese Tra fish? In accordance with the results for the period from August 1, 2015 to July 31, 2016, the US Department of Commerce imposed an unprecedented high tax rate on these products. Specifically, eight businesses were slapped with a rate of US$3.87 per kg and two companies with a rate of … [Read more...] about US antidumping duties on Vietnamese Tra fish exporters unprecedented

Russian enterprises are displaying products of their key sectors like machinery, precision mechanics, automation equipment, industrial biotechnology, and high tech electronics at the 28th Vietnam International Trade Fair (Vietnam Expo 2018), which opened in Hanoi on April 11. Russia’s pavilion at Vietnam Expo 2018 - Source: baochinhphu.vn Russian exhibitors’ attendance at the event is hoped to bring an effective trade promotion chance for the two countries’ enterprises, thus enhancing their cooperation. Theo VNA … [Read more...] about Russia’s key products displayed at Vietnam Expo 2018

Vietnam gained US$934 million from fruit and vegetable exports in the first quarter of 2018, up 33.4% from the same period last year, with China, Japan and the United States remaining the top importers. Vietnamese dragon fruits are sold at a fruit wholesale market in Sydey, Australia - Photo: VNA According to the Ministry of Agriculture and Rural Development, the country exported US$284 million worth of fruit and vegetables in March while its imports amounted to US$92 million. The import of fruit and vegetables in January-March witnessed an annual surge of 47.7 pct, which mostly came from Thailand and China. Farmers in the Central Highlands province of Lam Dong and the Northern provinces suffered a severe crisis as retail prices of vegetables plunged during March. The hardest-hit were radish and kohlrabi, the price of which went down to just VND 1,000 – VND 1,200 per kg due to oversupply. Onions fetched VND 3,000 per kg, a 4-fold decrease from before the Tet (Vietnam … [Read more...] about Vietnam’s fruit, vegetable exports up 33.4 percent in Q1