Trade

The country is currently Argentina’s sixth biggest trade partner. Its exports to the Latin American nation hit US$31.4 million in July, bringing the total export value in seven months to US$275.7 million, up 49.43% against the same period last year. Footwear topped key export products to Argentina with US$61.9 million, up 49.43% over the same period last year. Garment and footwear materials came second with US$28.1 million, down 7.43%. Vietnam also exported garments and rubber to the country. Particularly, the export of ceramic products increased 2.03 times to US$947,100 in 7 months. Meanwhile Argentina was the second largest supplier of agricultural and pharmaceutical products to the Southeast Asian nation mostly soya beans, cooking oil, corn, and wheat. … [Read more...] about Argentina – Vietnam’s important trade partner in Latin America

Efficiency Le Quang Trung, deputy director of the Son La Department of Industry and Trade, said that to improve implementation effectiveness, Son La Province has established steering committees and coordinated with the local fatherland front committee to raise consumer awareness. In addition, the province has also organized fairs to bring Vietnamese goods to rural and mountainous areas, providing opportunities for consumers to access and use high-quality Vietnamese goods. Thanks to continued efforts, the Buy Vietnamese Goods campaign in Son La Province has yielded positive results. The Son La Department of Industry and Trade has coordinated with the local department of agriculture and rural development and the media to create newsletters on maintaining chains of safe agricultural products and seafood. It has also uploaded clips on Vietnam Television and Youtube about the province’s key products such as sturgeon, dried banana and Muong La apple. In addition, the department has … [Read more...] about Son La Province residents partial to Vietnamese goods

It is now more difficult to export steel The pressure on Vietnamese steel exporters is getting stiff. Soon after the US began imposing high tax rates on steel and aluminum imports from some countries, including Vietnam, the EU announced it would levy tax on 23 products imported to the market. As such, the ‘tariff wall’ has been reinforced by the EU, which fears that steel manufacturers, meeting barriers in the US market, will shift to export products to the EU and put local manufacturers at a disadvantage. The US now consumes 15% of Vietnam’s steel exports, and the EU more than 10 percent. About 60% of total output is exported to other Southeast Asian markets and the remaining to other markets. This means that the closure of the EU and US markets would have a significant impact on Vietnamese manufacturers. However, these might not be the only risks. Analysts have warned that protectionism has bounced back not only in the US and Europe. Therefore, Vietnamese … [Read more...] about Doors to export markets narrow for steel manufacturers

The Hung Yen Longan Festival 2018 opened in the northern province of Hung Yen on August 11, with the aim of introducing longan and the typical farm produce of the northern province and boosting the consumption of the fruit. Visitors buy longan at the festival This is the second year that Hung Yen has organized a festival of this kind which attracted the participation of a number of local collectives and households, showcasing longan and other farm produce at 50 pavilions. Hung Yen province is a large longan farming hub in northern Vietnam with over 3,800ha of longan at harvest time, mainly in Khoai Chau district and Hung Yen city. It is expected that the province will reap over 41,000 tonnes of longan this year. The festival also attracted a large number of domestic and foreign firms who visited pavilions to seek business opportunities. More than 100 orders have been signed at the event to sell nearly 3,000 tonnes of longanto domestic supermarkets and foreign markets … [Read more...] about Hung Yen Longan Festival 2018 opens

The export turnover of tra fish soared 19.5 percent to US$1.18 billion in the first seven months of 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Processing tra fish for exports - Photo: cafef.vn In July alone, the country exported US$182 million worth of tra fish, representing a year-on-year rise of 13.5 percent. Theo VNA … [Read more...] about Tra fish exports surge in seven months