Illustrative image (Source: internet) Bangkok (VNA) – Thailand’s Ministry of Commerce has reported that the country’s exports of fruits and vegetable to China surged 31 percent in the January-May period to 1.2 billion USD. Export revenue of fruit rose 123 percent to 838.61 million USD. Of the figure, earnings from durian accounted for 48.5 percent, followed by longan, mangosteen and coconut. However, export revenue of vegetable in the period was only 361 million USD, a drop of 33 percent year on year. Cassava was the major currency earner of the country which made up 96 percent of the total exports of farm produce to China, followed by beans and dried vegetable. Speaking to the local media, Auramon Supthaweethum, head of the Thailand’s Ministry of Commerce’s Department of Trade Negotiations, said that the ASEAN-China Free Trade Agreement (ACFTA) helped facilitate exports of vegetable and fruits. She held that the deal is an important tool for … [Read more...] about Thailand sees strong rise in exports of vegetable, fruits to China
China offers 6 year import boost
A programme to promote milk products of Vietnam Dairy Products Joint Stock Company, Vinamilk, has been held in the Chinese province of Hunan within the framework of the 2019 China International Food & Catering Expo. Since September last year, yogurt products of Vinamilk are sold in He Ma in China. After a year of presence in the Chinese market, Vietnam's dairy brand has been among the top 3 best-selling products. At the launching ceremony on September 21, the leader of Hunan Department of Commerce said he was impressed with Vietnamese dairy products after visiting Vietnam two years ago. Therefore, despite the fierce competition in the Chinese dairy market, he believes that good products will win consumers' hearts. According to the Vietnam Dairy Association, choosing Vinamilk as a representative is to introduce to Chinese consumers high quality Vietnamese dairy products. Last August, a batch of Vietnamese milk was successfully shipped through Huu Nghi border gate and delivered to … [Read more...] about Vietnam’s dairy products promoted in China
Deputy Foreign Minister and Head of SOM ASEAN Vietnam Nguyen Quoc Dung (Photo: VNA) Hanoi (VNA) – Vietnam wants ASEAN to unite in all aspects, from institutions to economy and human resources, which is very important for ASEAN to uphold its central role, said Deputy Foreign Minister and Head of SOM ASEAN Vietnam Nguyen Quoc Dung. The diplomat recently granted an interview to the press on the country’s role and position in 2020, when Vietnam will serve the double roles of Chair of ASEAN and non-permanent member of the UN Security Council, which is both an honour and a heavy task. According to Deputy FM Dung, the theme of Vietnam’s ASEAN Chairmanship Year 2020 is “Cohesive and Responsive,” which reflects Vietnam’s wish to have an ASEAN standing firmly against impacts of regional and international situations. When uniting, ASEAN will share a common stance and interests, and respond in a consistent manner to regional and global issues, Dung … [Read more...] about Vietnam to promote ASEAN unity during ASEAN Chairmanship Year 2020
Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam’s shrimp exports continued to shrink over the last 11 months in the face of fierce competition from other major exporters. But it is expected to make its way back next year with the EU-Vietnam trade deal coming into force. The country exported about 3.1 billion USD worth of shrimp products in the firsth 11 months of this year, a year-on-year decrease of 8.2 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP) . The VASEP said the shrimp exports are likely to total just 3.4 billion USD this year, down 4.4 percent from a year earlier and much lower than the yearly goal of 4 – 4.2 billion USD. In 2019, Vietnamese shrimp has been under great pressure due to stiff competition from India and Indonesia which enjoyed bumper shrimp harvest. Vietnam’s shrimp exports to four main markets – the US, China, the EU and Japan – saw opposite trends with those to the first … [Read more...] about Shrimp exports slide further in 2019, better outlook expected next year
Asia News China maintains tariffs must be reduced for phase one trade deal with U.S. Thursday, Dec 5, 2019,16:47 (GMT+7) China maintains tariffs must be reduced for phase one trade deal with U.S. U.S. President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019 – PHOTO: REUTERS BEIJING (REUTERS) - Tariffs must be cut if China and the United States are to reach an interim agreement on trade, the Asian nation's commerce ministry said on Thursday, sticking to its stance that some U.S. tariffs must be rolled back for a phase one deal. "The Chinese side believes that if the two sides reach a phase one deal, tariffs should be lowered accordingly," ministry spokesman Gao Feng told reporters, adding that both sides were maintaining close communication. On a telephone call last week, China's lead trade negotiator Vice … [Read more...] about China maintains tariffs must be reduced for phase one trade deal with U.S.