Trade

Key leaders of the U.S. pork industry, members of the National Pork Board’s International Marketing committee, have arrived in Vietnam. Their visit to Vietnam - a critical market for U.S. pork exports - is among the several stops on the U.S. pork organization’s ten-day Asia Immersion Mission Trip. The committee began its journey in Singapore and, in total, will make stops in Vietnam, Hong Kong and Macau. These key Asian markets are emerging destinations for U.S. pork and the committee will seek to understand consumer preferences and build relationships with buyers, influencers, retailers and other key stakeholders on their journey. “Consumption of U.S. pork here is on the rise, and this trip offers our industry leaders the unique opportunity to get in on the ground floor and build awareness for U.S. pork and pork products with decision-makers,” said Craig Morris, vice president of international marketing for the National Pork Board. “Our work is underway … [Read more...] about The U.S. Pork Board seeks to build relationships with Vietnamese buyers

Vietnamese brands which win the BrandLaureate Special Edition World Awards 2018 will be honored at an award ceremony in Hanoi in November. Dr. KK Johan, Founder and President of APBF, introduces the golden trophy for the world's best brand - Photo: congthuong.vn The Asia-Pacific Brands Foundation (APBF) held a press conference in Hanoi on September 13 to announce the Awards, which aim to promote the importance of brands in general and enhance Vietnamese trademarks in particular. Theo VNA … [Read more...] about Vietnam’s world excellent brands to be honored

(VEN) - To promote sustainable exports, domestic firms need to expand production and improve product quality and added value by taking the initiative in joining global supply chains.  Rapid growth In 2017, Vietnam’s export value reached a record US$214 billion, a 21.2 percent increase compared with 2016. The export structure has shown positive changes, with industrial products accounting for a large percentage of goods and export markets diversified. The number of export businesses has also increased, with some gaining regional and global reputations. The Vietnam Dairy Products Joint Stock Company (Vinamilk), for example, has become one of the top 300 businesses in Asia, having invested in 10 farms with 25,000 dairy cows, producing milk products meeting Global GAP standards. Vinamilk also creates organic products for domestic sale and export to discerning markets, such as the US and Japan. Value chain participation According to economist Pham Chi Lan, however, … [Read more...] about The imperative of joining global supply chains

FMCG in key cities slows down in first halfBy Thanh Thom Customers inspect dairy products at a Co.op mart store in HCMC – PHOTO: THANH HOA HCMC – The fast moving consumer goods (FMCG) sector slowed down in four key cities – Hanoi, Danang, HCMC and Can Tho – in the first half of this year, yet there were signs of a recovery in July, according to the latest report from market research firm Kantar Worldpanel. The firm noted in the report that Vietnam’s economy looked bright in the first seven months of this year, posting a gross domestic product growth of 7.08% (as of end-June), with positive economic indicators. Therefore, the country is growing more attractive to foreign investors while the local consumer demand continues to reflect robust growth, especially in fresh foods, home appliances and vehicles. The firm ascribed the slowdown of the FMCG market to the reduced consumption of dairy and packaged foods, driven by the major must-have … [Read more...] about FMCG in key cities slows down in first half

Vietnamese food producers and exporters are attending the international food and drink exhibition, WorldFood Moscow 2018, being held in the Russian capital from September 17 to 20. A booth for Vietnamese coffee producer Trung Nguyen Group at World Food Moscow 2018 The delegation of Vietnamese enterprises features several famous brand names in the field of agricultural and aquatic product processing, such as Da Kao, Nam Viet, Pearl, Tan Phat, Hanoi Trade Joint Stock Corporation, Trung Nguyen Group, and TH Group. They are showcasing various Vietnamese products, such as cashews, tea, coffee, canned tuna and dairy products. Vietnamese businesses have expressed their hope that the event will promote Vietnamese agricultural products to Russian consumers, while allowing them to find partners to export their products to the Russian market. Located in the exhibition area for the Vietnam delegation are more than 10 booths run by Vietnamese enterprises. The rich and diversified goods … [Read more...] about Vietnamese enterprises attend international food fair in Moscow

U.S. food safety agency asserts Vietnamese tra fish quality compatibilityBy Trung Chanh Workers check the weight of tra fish fillets at a Vietnamese seafood producer – PHOTO: TRUNG CHANH CAN THO – The Food Safety and Inspection Service (FSIS) under the United States Department of Agriculture has proposed the Office of the Federal Register amend the Siluriformes fish inspection regulations to list Vietnam as a country eligible to export Siluriformes fish and fish products to the United States. Vietnamese catfish, under the Siluriformes order, mainly tra fish (Pangasius), will be qualified to be shipped to the United States if the proposal is approved. The Vietnam Association of Seafood Exporters and Producers told The Saigon Times today, September 17, that after receiving the proposal from the FSIS, the Federal Register posted a draft, seeking feedback for the request. The FSIS proposed this action because the agency had reviewed Vietnam’s laws, regulations … [Read more...] about U.S. food safety agency asserts Vietnamese tra fish quality compatibility

A forum to bolster Vietnam-Cambodia trade and investment ties opened in the Cambodian capital of Phnom Penh, on September 14. The organizing board presented certificates to organizations and individuals, who have ranked among the top 100 Asian enterprises in 2018 Speaking at the forum’s launch, Vietnamese Ambassador to Cambodia Vu Quang Minh said that from the beginning of the year, the ministries, branches, localities and enterprises of the two countries have closely coordinated and implemented important cooperation activities in all fields of politics, economics, culture, national defense, security, people exchange; helping to promote the friendship, tradition and comprehensive cooperation between Vietnam and Cambodia. He said that Vietnam has become one of Cambodia's leading economic partners. Currently, Vietnam has about 206 investment projects in Cambodia with a total registered capital of US$3.02 billion, placing it among the top five foreign direct investment … [Read more...] about Vietnam Cambodia trade and investment promotion forum opens

Five commodities had export values exceeded US$1 billion in August, according to the Ministry of Industry and Trade. Computers and electronic products are among five commodities with export values exceeding US$1 billion in August - Photo: VNA The five commodities included phones and components, garment and textile and computers and electronic products. Their corresponding export values in August were US$4.4 billion, US$2.9 billion and US$2.5 billion, respectively. The figures were up 13.9 percent, 1 percent and 0.2 percent month-on-month. The two other commodities were named as machinery, equipment and spare parts and footwear, with export values of US$1.35 billion and US$1.4 billion, up 3.6 percent and down 2.5 percent against last month, respectively. Export values of the above five commodities totalled US$12.55 billion, contributing up to 60 percent of the country’s total export value in August. Over the month, Vietnam’s total export and import turnover was … [Read more...] about Five commodities see exports over US$1 billion

E5 biofuel consumption hits 1.78m cubic metersThe Saigon Times Daily A staff of a gas station refills a motorcycle. To date, the biofuel has been used by 60 countries around the world, according to the Ministry of Industry and Trade - PHOTO: THANH HOA HCMC – Vietnam saw domestic fuel consumption total 4.43 million cubic meters in the first half of 2018, of which E5 biofuel amounted to 1.78 million cubic meters, representing a staggering 40.2% of the total, reported news website VietnamPlus. The consumption of E5 biofuel rose by 31.2% in the first half of the year compared with 2017. Some fuel-trading enterprises consumed a large volume of E5 biofuel, such as Military Petroleum Corporation, reporting sales of 62.53%; PetroVietnam Oil Corporation (50.15%); and Vietnam National Petroleum Group (47.7%). The figures indicated the continuing popularity of E5 biofuel throughout the country. Speaking at the Promotion and Development of Biofuel Conference held by the Ministry of … [Read more...] about E5 biofuel consumption hits 1.78m cubic meters

U.S. reduces anti-dumping duties on Vietnam tra fishBy Trung Chanh Tra fish are processed at Southern Fishery Industries Co Ltd. The U.S. has lowered antidumping tariffs on Vietnamese tra fish - PHOTO: VNA CAN THO - The U.S. Department of Commerce (DOC) has announced the preliminary results of the 14th period of review (POR 14), lowering anti-dumping tariffs on pangasius (tra fish) imports from Vietnam by US$3.78-5.35 per kilogram, compared with the levels in POR 13. According to the Department of Trade Defense under the Ministry of Industry and Trade, tra fish exported by NTSF Seafoods JSC, a mandatory respondent of POR 14, between August 1, 2016 and July 31, 2017, is imposed an antidumping tax of US$1.37 per kilogram. Meanwhile, Hung Vuong Group, another mandatory respondent of the review, has been exempted from the tax. The antidumping duty is US$0.41 per kilogram for voluntary respondents and US$2.39 for the remaining Vietnamese tra fish exporters. Meanwhile, the average … [Read more...] about U.S. reduces anti-dumping duties on Vietnam tra fish