Trade

(VEN) - Output of the agro-forestry and fishery sector in the first quarter of 2018 grew by 4.05 percent, the fastest pace in the last 13 years. The sector will strive to reach export turnover of US$40-40.5 billion for the whole year. Bumper crops The Mekong Delta region has finished rice harvesting with productivity of 69.2 quintals per hectare and output of nearly 10.9 million tonnes, an increase of 6.3 quintals per hectare in productivity and 1.06 million tonnes in output compared to the previous winter-spring crop. In addition to an increase in volume, rice prices continued to increase in the first five months of the year. As a result, rice exports reached 2.66 million tonnes for a value of US$1.45 billion, an increase of 13.9 percent in volume and 40 percent in value compared to a year ago. The export growth was attributed to two factors - growing demand for rice imports in some markets, and a shift to high-quality rice that now comprises up to 80 percent of rice export volume. … [Read more...] about Agriculture output grows at fastest rate in 13 years

Litchi sales generate high revenue in 2018By Vu Yen Litchis being sold at Pham Van Hai Market, Tan Binh District in HCMC - PHOTO: VU YEN HCMC – The 2018 litchi crop in the northern provinces of Hai Duong and Bac Giang ended on July 12, with both output and revenue higher than last year, according to the two provinces’ departments of Industry and Trade and Agriculture and Rural Development. Tran Quang Tan, director of the Bac Giang Department of Industry and Trade, praised the high yield, with total consumption amounting to some 216,000 tons valued at nearly VND5.8 trillion. Of this, litchi sales in the province generated revenue of VND3.45 trillion, while the revenue from supporting services reached more than VND2.3 trillion. The litchi output of Bac Giang Province thus rose by 124,300 tons worth VND448 billion compared with the 2017 figures. Litchi prices averaged VND16,000 per kilogram, Tan added. He stressed that litchi exports to more than 30 countries, … [Read more...] about Litchi sales generate high revenue in 2018

(VEN) - The value of Vietnam’s exports grew significantly in the first half of 2018 despite adverse conditions, contributing significantly to the country’s economic growth. Export of seafood with known origin needs to be promoted Trade barriers The Ministry of Agriculture and Rural Development said produce, forest product and seafood exports hit an estimated US$3.45 billion in June, taking the total to US$19.4 billion in the first half of 2018, up 12 percent from the same period of last year. This, despite new trade barriers by importer countries. China has tightened control over agro-forestry-fishery imports. In addition, the European Union gave Vietnam a yellow card warning last October over unreported and unregulated fishing. Rice exports increased sharply to reach an estimated 604,000 tonnes worth US$317 million in June 2018 and 3.56 million tonnes worth US$1.81 billion in the first half of this year, up 25 percent in volume and 42 percent in value from … [Read more...] about Major exports surge in first half

Tra fish exporters ordered to monitor quality of shipments to ChinaThe Saigon Times Daily Tra fish is being processed at an enterprise in the Mekong Delta - PHOTO: TRUNG CHANH HCMC - With tra fish exports to neighboring China increasing in recent times, the Vietnam Association of Seafood Exporters and Producers (VASEP) has asked member businesses to strictly monitor the quality of their shipments to China to minimize trade risks. The association has told exporters to follow rules on origin tracking, food safety and export certificates. In addition, businesses are recommended to maintain the best quality of shipments, including exports of tra and basa fish, the Vietnam News Agency reported. VASEP has pledged to coordinate with the related agencies to deal with trade frauds and protect Vietnamese fish brands, thus sustaining exports to China and other markets. VASEP had earlier sent a document to the Ministry of Agriculture and Rural Development and the Ministry of Industry and … [Read more...] about Tra fish exporters ordered to monitor quality of shipments to China

(VEN) - Italian Trade Agency (ITA), under the auspices of Ministry of Economic Development of Italy, with collaboration of Italian Association of Manufacturers of Machinery for Footwear, Leather goods, Tannery (ASSOMAC) has organized Italy National Pavilion at the 20th “Shoes & Leather Vietnam” exhibition held in Ho Chi Minh City from July 11 to 13. Mr. Paolo Lemma introduces the information about Italian companies participating in the exhibition At the exhibition, 26 Italian enterprises comprising designers and companies (specializing in manufacturing and supplying machinery, equipment and technologies for the production of footwear, leather goods and tanning such as measuring machines, pressing machines, cutting machines, pulling over lasting machines, finishing machines, integrated lines and chemicals for leather and footwear production) have displayed and introduced breakthrough and creative products using the most advanced technologies. These enterprises … [Read more...] about Italian footwear and leather businesses look up further opportunities in Vietnam

More than 700 shoe and leather producers and suppliers from 26 countries are taking part in the series of exhibitions on footwear and leather products which opened at the Saigon Exhibition and Convention Center in Ho Chi Minh City on July 11. The exhibitions include the 20th International Shoes & Leather Exhibition Vietnam 2018, the International Footwear & Leather Products Exhibition and the International Sewing Machinery Exhibition. The exhibitions feature booths from various countries, including Brazil, China, India, Italia, the Republic of Korea, Malaysia, Pakistan and Vietnam, showcasing their latest technologies and products in an area covering 16,000 square meters. Major products displayed at the three-day event include machines to produce shoes and tan leather, shoes and shoe accessories, fashion and interior leather, materials, and leather products. In addition, seminars on technology and trends in the leather and shoe industry will be held during the event. The … [Read more...] about Shoes & Leather Vietnam exhibition attracts 700 businesses

(VEN) - The Red River Delta region has many agricultural products and local specialties. However, it has not found stable markets, requiring trade fairs to introduce a wide range of high-tech agricultural products to consumers and promote consumption. Despite being famous for many local specialties such as litchi, longan and rice, brand development for the farm produce is lagging behind. In addition, although many products have been exported successfully, they still face seasonal price drops in the domestic market. Therefore, supply-demand connection activities and solutions to seek stable output for agricultural products are mentioned as necessary. To promote trade in local products, a fair themed, “High-tech and safe agricultural products in the Red River Delta region in 2018”, was held in the northern province of Ha Nam from June 15-21, with more than 300 booths of associations and enterprises from some 20 provinces and cities. Ha Nam is one of the pilot provinces … [Read more...] about Red River Delta promotes high tech agricultural products

Vietnam’s exports to Germany hit US$2.85 billion in the first five months of this year, up 8.6% compared to the same period last year. Tea exports to Germany posted the highest growth rate at 132.3 pct Mobile phones and computer components, apparel, footwear, coffee, farm produce and aquatic products made up the majority of the country’s exports. Of the items, six earned more than US$100 million, including mobile phones and components (US$851.44 million), accounting for 29.8 pct of the total, a 16.2 pct increase year on year. Tea posted the highest growth of 132.3 pct to US$0.97 million while confectioneries and cereals soared 122.6 pct to US$10.99 million. Others include chemicals with 72.5 pct growth (US$4.15 million), iron and steel up 52.4 pct (US$2.74 million), cashew nuts up 49.2 pct (US$42.06 million) and fruits and vegetables rising 31 pct (US$6.17 million). Theo NDO/VNA … [Read more...] about Vietnam’s exports to Germany up 8.6 pct in five months

(VEN) - The Ministry of Industry and Trade has launched Vietnamese goods points of sale in dozens of industrial zones (IZs) to provide workers with access to high quality, reasonably priced products and to boost domestic production. A representative of the Ministry of Industry and Trade’s Domestic Market Department said the ministry has licensed organizations to carry out trade promotion activities in the domestic marketplace, with priority given to bringing Vietnamese goods to remote rural and mountainous areas, IZs and export processing zones (EPZs). The effort is designed to encourage both suppliers and consumers to contribute to the Buy Vietnamese Goods campaign, he said. In response to the Ministry of Industry and Trade’s call, many localities across the country have combined activities of bringing goods to IZs and EPZs with their market stability assurance programs to enable IZ workers, especially low-income ones, to access high quality, reasonably priced Vietnamese … [Read more...] about Bringing Vietnamese goods to IZs

Trade ties expand between Vietnam, ThailandBy Trung Chanh Representatives cut the ribbon at the opening ceremony of “Thailand Week 2018 in Can Tho” on July 6 – PHOTO: TRUNG CHANH CANTHO – Bilateral trade between Vietnam and Thailand has grown strongly in recent years, noted Somrudee Poopornanake, Thai deputy consul-general in HCMC, at the opening ceremony of “Thailand Week 2018 in Can Tho” on July 6. According to her, bilateral trade hit a record high of US$16.6 billion in 2017. “With the given figure, the target of achieving US$20 billion in revenue in 2020 will not be difficult,” she said. Vietnam is currently Thailand’s seventh-largest trade partner in the world and the fourth in the ASEAN. Bilateral trade has expanded over the past few years, from US$9 billion in 2012 to some US$14 billion in 2016. Poopornanake stated that Can Tho City was the largest and busiest city in the Mekong Delta region and had the potential … [Read more...] about Trade ties expand between Vietnam, Thailand