(Photo: T&T Group) The signatories were Guinea Bissau Minister of Trade, Tourism and Handicrafts Vicente Fernandes, and the Chairman of Board of Directors and CEO of T&T Group, Do Quang Hien. The Guinea Bissau government is committed to ensuring output, quality, delivery deadlines and payment channels. Guinea Bissau is currently the fifth largest raw cashew nut producer in the world. During the working session the same day, the two sides also discussed the possibility of exporting Vietnamese rice to this African nation’s market in the years to come. T&T Group vowed to provide training in the field of agriculture, and technology transfer to Guinea Bissau. Addressing the signing ceremony, Minister Vicente Fernandes said that Guinea Bissau and Vietnam have many similarities as they are both agricultural countries. Guinea Bissau has a relatively high demand or rice imports while Vietnam is one of the world's top rice exporters. In the … [Read more...] about T&T Group to import raw cashews from Guinea Bissau
Guangdong native produce import and export group co ltd
Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade (MOIT), said the country’s export markets have been expanded with improved trade balance over the past years. There has been an increase in the overseas shipments of processed and manufactured products, along with a decline in the export of goods groups of natural resources and goods with low added value, he said. In the context of deeper international economic integration, Vietnam has actively negotiated and signed many free trade agreements (FTAs), especially new-generation FTAs with major partners like the Republic of Korea, the European Union (EU), and the Eurasian Economic Union, Phu said. To exist and develop, he said, Vietnamese businesses need to change their mindset and actively promote their production and business capacity in parallel with developing brand names and improving the quality of products and export value to meet consumers’ increasing demand. … [Read more...] about Forum seeks ways to foster fast, sustainable export
Processing farm produce for exports (Photo: VNA) Hanoi (VNA) – Optimising advantages in the markets signing free trade agreements (FTA) with Vietnam is expected to contribute to boosting Vietnam’s export revenue. In the first five months of this year, agro-forestry-fishery exports hit 15.6 billion USD, a rise of 9.9 percent over the same period last year. Four leading markets of the products were the US, Japan, China and the Republic of Korea. But many experts worried that the dependence on some major markets will pose high risks to not only agro-forestry-fishery products but others produced by Vietnam when fluctuation happens in these markets. In the January-May period, Vietnam earned 1.45 billion USD from rice export, up 13.9 percent in volume and 40 percent in value over the same time in 2017. The top market of Vietnamese rice was China. According to Nguyen Ngoc Nam, President of the Vietnam Food Association, opportunities for Vietnam’s rice export are … [Read more...] about Exploiting FTA markets – good way to boost export revenue
Vietnam’s exports to the United States have recently soared, bringing about opportunities to both gain more market shares in the states and potential risks. The United States is the largest market for Vietnam’s exports in the first five months of this year, generating an export revenue of US$22.6 billion, up 28% year-on-year. Some exports with the highest growth are smart phones and parts, with 109.2%; electronics, computers and parts 58.4%; and textiles and garments 9.8%. (Photo: Saigon Times) Under the impact of the U.S.-China trade war, Chinese goods are subject to high U.S. tariffs, leaving room for enterprises from other countries, including Vietnam, to penetrate the U.S. market. At present, Chinese leather products, shoes and handbags are not yet put in the group of commodities subject to a 25% U.S. tariff. However, Diep Thanh Kiet, vice chairman of the Vietnam Leather, Shoe and Handbag Association (Lefaso), said many big international footwear companies have … [Read more...] about Potential risks for Vietnam’s exports to U.S.
Nguyen Quy Duong Nguyen Quy Duong, deputy director of the Ministry of Agriculture and Rural Development’s Plant Protection Department, speaks with Hai quan (Customs) newspaper about China’s import policies and the need to improve the quality of Vietnamese fruits to meet stricter standards China has tightened import standards for Vietnamese fruits since late last year, making it difficult for firms to access the market. What is your opinion of this move? China has been easing its import policies for a long time so that poor provinces like Yunnan and Guangxi can promote their economies via local import and export activities. Now, China is starting to tighten management of these activities, especially of non-quota exports. In China's domestic market, farmers used to use chemical fertilisers and pesticides widely, but things have changed a lot. China now cares about the quality of agricultural products and the strict enforcement of food safety requirements. Thus, the … [Read more...] about Viet Nam must be more active in exporting fruit