Illustration photo According to the information of the Viet Nam Association of Seafood Exporters and Producers (VASEP), Viet Nam earned US$1.59 billion from exporting tra fish, a year-on-year increase of 22.6%. The exports of tra fish to the U.S. hit US$65.9 million and US$48 million in August and September, up 256% and 152.5%, respectively. Tra fish export value is expected to exceed US$2 billion this year. Earlier, the Food Safety and Inspection Service (FSIS) under the U.S. Department of Agriculture recently proposed that Viet Nam’s catfish inspection systems are equivalent to those in the U.S. Accordingly, the FSIS will publish in the Federal Register proposed rules to list Viet Nam, China, and Thailand as three foreigners qualified to ship catfish to the U.S. By Thuy Dung … [Read more...] about Tra fish exports to U.S. rocket
In the first nine months of 2018, seven Viet Nam’s export items witnessed the trade value exceeding US$1 billion Since Viet Nam-U.S. Bilateral Trade Agreement came into effect in 2000, the two-way trade value continuously rose. The trade value increased from US$730 million in 2010 to US$41.6 billion in 2017. In the first nine months of 2018, seven Viet Nam’s export items witnessed the trade value exceeding US$1 billion. The exports of garment took the lead with US$10.33 billion, up 11.6% and accounting for 46% of Viet Nam’s export value to the U.S. It was followed by footwear with US$4.27 billion (up 13.5% and making up 12.2%), phones and spare parts US$4.12 billion (up 43.6% and accounting for 11.8%), wood and wooden products with US$2.73 billion (up 15.7% and making up 7.8%), computers, electronics and accessories with US$2.07 billion (down 14.1% and accounting for 5.9%). Other products included machines, equipment and tools … [Read more...] about Exports to U.S. up 13.2% in nine months
Illustration photo In the 2018 Profit500, the number of firms in construction, building materials, real estate (14.8%), electricity (12.8%), finance (11.2%), and food, beverages and cigarettes (10.4%) accounted for a majority of businesses on the list. Average pre-tax profits of the top 500 enterprises in 2017 are 65% higher than last year. Telecommunications and IT have the highest average profits. The average pre-tax profit of the top 500 most profitable companies in 2017 grew more than 65% from 2016. The sectors with the highest return on asset (ROA) and return on equity (REO) were telecommunications, information technology, pharmaceuticals, healthcare, transportation, food, beverages and cigarettes. The escalating U.S.-China trade war and increasing U.S. import duties on some key commodities are raising concerns, as are volatile exchange rates and tax burdens. 51.4% of respondents cited exchange rates as the biggest difficulty affecting their performance over … [Read more...] about 500 most profitable enterprises in VN announced
With the total export value of nearly US$75.6 billion, the three groups of items contributed around 45% of the nation’s total export value. The three biggest groups included phones and accessories (US$34.4 billion), garment and textiles (US$21.1 billion) and computers, electronics and spare parts (US$20.25 billion). As of the mid-September, the exports of garments and textiles and computers, electronics and spare parts set a record of exceeding US$20 billion. Comparing with the same period last year, the exports of garments and textiles and computers, electronics and spare parts witnessed increases of US$3.042 billion and US$2.96 billion, or 17% and 17.1%, respectively. With the total export value of nearly US$75.6 billion, the three groups of items contributed around 45% of the nation’s total export value. By Thuy Dung … [Read more...] about Three items join US$20 bln export club
Illustration photo According to the Viet Nam Association of Seafood Exporters and Producers (VASEP), the FSIS will publish in the Federal Register proposed rules to list Viet Nam, China, and Thailand as three foreigners qualified to ship catfish to the U.S. The proposed rules announce FSIS’ determination that catfish (or siluriformes) inspection systems in the three countries be equivalent to those in the US. The proposals will be open for comment for 30 days. Viet Nam, China, and Thailand had submitted documentations to the FSIS to establish the level of their catfish inspection systems and eligibility to export this kind of fish to the U.S. Right after the inspection program was issued, the Ministry of Agriculture and Rural Development ordered relevant agencies to implement technical cooperation with the FSIS. At the same time, the ministry worked closely with the Ministry of Foreign Affairs and the Ministry of Industry and Trade to … [Read more...] about More opportunities for exporting VN’s catfish to U.S.