Trade

Audiovisual equipment is among major Vietnamese export goods to the Czech Republic - Illustrative image The two-way trade revenue between the two countries was posted at nearly US$1.17 billion in 2018, up 12.9% compared to 2017. The main products exported from the Czech Republicto Vietnam include sound and image recording equipment and TV screens with a total value of over US$64.7 million. They are followed by kiln equipment, boilers, and mechanical tools with a total value of more than US$23.3 million. Other export products include optical, movie and surgery equipment, glass and crystal products, plastic products, military equipment, seedlings, pharmaceuticals, medicinal herbs, and industrial plants with a total value of US$2-8 million. Meanwhile, Vietnam’s major goods exported to the Czech Republic are audiovisual equipment with a turnover of over US$365.5 million and footwear and similar products worth US$229.8 million. The exports of rubber, inorganic chemical compounds, … [Read more...] about Czech Republic exports to Vietnam rise 33 percent in 2018

A booth displaying foods of Vietnam at the expo - Photo: CPV The pavilion, organized by the Agricultural Trade Promotion Centre under the Vietnam’s Ministry of Agriculture and Rural Development, showcases Vietnam’s key agricultural products by 20 Vietnamese leading enterprises operating in the food and beverage industry. Some of the products have received great interest from the customers, such as pepper, fresh vegetables, rice, cashew nuts, and spices. This year’s expo displays 120 national pavilions by more than 5,000 exhibitors around the world. The five-day event is expected to attract over 90,000 visitors from more 170 countries and territories worldwide. The event offers a good opportunity for Vietnamese enterprises to reach customers and sign export deals, while developing their distribution channels and expanding their market share in the Middle Eastern, African, and Southwest Asian regions. The participating businesses can also seek cooperation and … [Read more...] about Vietnam’s pavilion attracts visitors at world’s largest food and beverage expo in UAE

PM approves plan to stock up on riceThe Saigon Times Daily Local farmers harvest rice in the Mekong Delta in the file photo. Prime Minister Nguyen Xuan Phuc recently approved a proposal to purchase 80,000 tons of unhusked rice and 200,000 tons of rice from farmers for storage to cope with the region's sharp drop in rice price - PHOTO: VNA HCMC – Prime Minister Nguyen Xuan Phuc has approved a proposal to purchase 80,000 tons of unhusked rice and 200,000 tons of rice from farmers for storage to cope with the sharp drop in the price of rice in the Mekong Delta region, the local media reported. A meeting was held today to find solutions to the price fall, and attended by the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, the State Bank of Vietnam (SBV), the Vietnam Food Association and the Committee for Management of State Capital at Enterprises (CMSC). The Ministry of Agriculture and Rural Development suggested the Ministry of Finance … [Read more...] about PM approves plan to stock up on rice

The Vietnamese aquatic sector set a target of raising its export revenue to US$10 billion in 2019, heard a conference on the aquatic export plan in 2019 held by the Vietnam Association of Seafood Exporters and Producers (VASEP) in Ho Chi Minh City on February 16. The Vietnamese aquatic industry is expected to gain total export revenue of US$10 billion in 2019, an annual increase of 10-12% - Illustrative image VASEP Chairman Ngo Van Ich said that 2018 witnessed many ups and downs in the export of a number of key aquatic products fromVietnam. While, tra fish posted high export revenue of nearly US$2.3 billion, a 26% year-on-year increase, shrimp exports only reached US$3.6 billion, down 8% over 2017. In 2018, the aquatic processing industry also faced obstacles in increasing its export value due to the EC’s “yellow card” warning measure for Vietnamese seafood products. However, the aquatic industry is expected to have many opportunities to regain its growth … [Read more...] about Aquatic sector aims at US$10 billion export revenue in 2019

Computer, electronics imports in Jan see highest spendingThe Saigon Times Daily HCMC – In the first month of the year, Vietnam spent US$20.8 billion on imports, with computers, electronic products and their parts making up the largest proportion at US$3.7 billion, news site Vietnamplus reported, citing statistics from the Ministry of Industry and Trade. Machinery, equipment, tools and machine parts ranked second with US$3 billion, up 3.8% year-on-year. Meanwhile, the import of phones and phone parts reported a decline of 12% at US$1.4 billion. In addition, the country spent US$1.1 billion on fabrics, an increase of 5.8% over the year-ago period. These four groups of products accounted for nearly half of the country’s import turnover in January. Data from the Ministry of Industry and Trade showed that China was Vietnam’s largest export market in the first month of the year, with turnover of US$6.1 billion, followed by ASEAN with US$2.78 billion, Japan with US$1.6 … [Read more...] about Computer, electronics imports in Jan see highest spending