Economy

Tra fish (pangasius) exports are likely to surpass US$2 billion for the first time this year, presenting an opportunity for Vietnam’s aquatic product exports to realise or even exceed its yearly goal of US$9 billion.

VOV.VN - Vietnam’s rice exports are likely to continue their vigorous growth in the late months of the year as the demand from China, the Republic of Korea (RoK), the Philippines and African countries is increasing.

Export revenue of aquatic products in August hit US$739 million, pushing total earnings in the first eight months of 2018 to US$5.5 billion, up 5.3% year on year, reported the Ministry of Agriculture and Rural Development (MARD).

Vietnam’s export turnover from glass and glass products reached US$592.8 million in the first seven months of 2018, representing a year-on-year increase of 6.1%, according to the General Department of Customs. 

Identifying HCM City’s typical export products should not be based simply on their export volume or value or subjective decisions, but on careful analysis, experts have said.

Vietnam misses many opportunities to export farm produce because of food safety requirements set by import countries.

Vietnam spent more than US$2 billion on importing cotton in the first eight months of 2018 – the biggest-ever spending of the garment and textile sector.

The agro-forestry-fishery sector raked in US$3.13 billion from exports in August, raising the total value in the first eight months of this year to US$25.7 billion, up 7.3% year-on-year. 

Vietnam’s vegetable and fruit exports in August this year is estimated at US$346 million, pushing the total revenue in the first eight months of this year to US$2.7 billion, up 14.1% over the same period last year.

Vietnam’s total import-export value in the first eight months of this year reached more than US$308 billion, a year-on-year rise of 13%, according to the General Department of Vietnam Customs.

A newly-issued circular on foreign exchange management is expected to promote border trade between Vietnam and China.

Vietnamese SMEs are using e-commerce to export products at reasonable costs.

Ho Chi Minh City’s Investment and Trade Promotion Centre will organise the second HCM City Trade-Service-Tourism Promotion Conference in Savannakhet, Laos, in October to help Vietnamese businesses tap the Lao market and enhance co-operation between the two countries, a workshop heard on August 28.

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan has expressed his wishes that New Zealand (NZ) makes it easier for Vietnamese goods, including those from Ho Chi Minh City, to access its market.

The export value of forestry products is projected to hit US$5.858 billion between January and August this year, increasing 13% on year and accounting for 23% of Vietnam’s total agro-forestry-fishery export.

Bilateral trade between Vietnam and India experienced a significant yearly increase of 50% to US$6.36 billion over the past seven months of 2018, statistics from the General Department of Customs showed.

The first batch of Laba banana - a specialty of Vietnam’s Central Highland province of Lam Dong – has been exported to Japan.

VOV.VN - New measures are needed to respond to the challenges facing fruit and vegetable exports as a result of the antagonistic trade policies of the US and China.  

Vietnam has actively taken actions to realise the World Trade Organisation’s Trade Facilitation Agreement (TFA) since it took effect on February 22, 2017, said deputy head of the General Department of Customs’ International Cooperation Department Nguyen Thi Viet Nga. 

Vietnam’s tra fish export turnover to the US surpassed that to China to hit US$58.5 million in July, making up 30% of the country’s total export value of tra fish.