Market snapshot top producer

Cai Rang Floating Market is one of the stunning attractions in the Mekong River Delta. Located on the Cai Rang river, 6 km from Can Tho city, the Cai Rang floating market is one of the most popular sites in Can Tho. Visitors need only 30 minutes to go from the Ninh Kieu port to Cai Rang by boat. One of the three most popular floating markets in the Mekong Delta, Cai Rang is always crowded with buyers and sellers aboard hundreds of junks and motor boats mingling on the water since early dawn. Normally, gloating markets are open from 3 a.m. to 9 p.m. but in the weeks before the Tet holiday, the markets are open all day. At the Cai Rang market, tourists photograph the many boats full of fruit and other produce, sample the great variety of food specialties of the Mekong region, and visit one or two of the floating cafes and pubs. The vendors hang their products on a pole so customers can see them from a distance. The Rough Guide calls the Cai Rang Floating Market one of the ten most … [Read more...] about Floating markets – a typical cultural feature of the Mekong region

Farm produce is among the staples Vietnamese companies hope to ship to the Bulgarian and Romanian markets. Photo VNA Hanoi (VNA) - The Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade, together with its partners, will organise a business trip for 20 domestic companies to seek new opportunities in Bulgaria and Romania from October 3.   The enterprises operate in a wide range of areas including farm produce such as fruit, tea and coffee, seafood and dairy, besides mechanical equipment and plastics, handicrafts, energy, finance, banking and human resources. The week-long trip aimed to better advertise Vietnamese enterprises and provide them with the latest market information so they could adopt effective business strategies to accelerate their exports, a representative from Vietrade said. Currently, Romania is the largest market in southern Europe for Vietnamese goods, with a population of 21 million … [Read more...] about Vietnamese firms to explore Bulgarian, Romanian markets

Workers pack ngao (venus clams) at Vietnam Lenger Seafood Company in the northern province of Nam Dinh. — VNA/VNS Photo Vu Sinh China’s General Administration of Customs has given the green light for the country to import three more species of Vietnamese aquatic products, according to the Vietnamese Ministry of Industry and Trade’s Asia – Africa Market Department. The products include ngao hoa, ngao trang and ngheu lua, which are all types of clams. This decision brings the number of aquatic products Viet Nam exports to China up to 48 that are used to process food, in addition to 36 ornamental species and one for breeding. China’s General Administration of Customs said it had evaluated the Viet Nam’s seafood control system, showing the origin of the three aquatic products, which are naturally exploited, managed and certified by the Vietnamese side with an assessment process similar to China. China also suggested Viet Nam should conduct quarantine … [Read more...] about China opens market to three more species of Vietnamese aquatic products

Vehicle sales in Vietnam this year are expected to increase over 21%. Vietnam will lead Asia in vehicle sales this year as the region’s sales are forecast to decline due to weakening outlook in its biggest auto markets, analysts forecast. According to analysts from financial information services provider Fitch Group, total vehicle sales in Asia will decline 6.9% in 2019, which is largely the result of weakening sales in China and India – the region’s two biggest markets. While India is part of a wider trend of weak sales in the subcontinent – and most markets in the region are forecast to decline by double digits, the US' decision to impose an additional 10% tariff on US$300 billion worth of Chinese imports, now delayed until October 1, will further weaken sentiment levels in China and weigh on demand for new vehicles, causing a potential decline of market’s vehicle sales to a projected  9.2% in 2019. In this context, Fitch forecast that South … [Read more...] about Vietnam to top Asia auto sales amid fall of biggest markets

At the 4th national farmers’ forum (Photo: VNA) Hanoi (VNA) – Opportunities created by free trade agreements (FTAs) for Vietnamese farm produce to access big markets in the world were explored at the 4th national farmers’ forum in Hanoi on October 11. Vietnam joined two new-generation FTAs in 2018 and 2019, which were the Comprehensive and Progress Agreement on Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). The two deals are expected to open up great opportunities for Vietnamese farm produce in 37 markets with a combined population of over 1 billion. Deputy Minister of Industry and Trade Do Thang Hai emphasized the prospect of cooperation with new partners through the CPTPP such as Canada, Chile, Mexico and Peru, thanks to the application of 0 percent tariffs for most key farm exports of Vietnam immediately after the pact took effect or after just three to five years. The EVFTA also gradually reduce import tariffs on … [Read more...] about FTAs open new chances for Vietnamese farm produce