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Processing Tra fish (Photo: VNA) HCM City (VNA) – Seafood shipments overseas have risen in the first half of 2022, and experts say Tra fish exports can increase the market share in the EU, while that of shrimp has a lot of room for growth in Canada. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), as of May, the value of frozen Tra fish exports to the EU this year reached 76.8 million USD, up 95% year-on-year. This means the market has bounced back after a two-year downturn due to the COVID-19 pandemic. The Netherlands remains the biggest market in the EU for the Vietnamese products, while positive signals are coming from the shipment of frozen Tra fish to Germany, Spain, and Belgium. In addition to the bloc, Vietnamese Tra fish exporters have also stepped up their activities in Mexico, Egypt and Thailand. As of mid-May, Vietnam exports shipped to Mexico are at 45.6 million USD, up 70% year-on-year. VASEP said the Mexican market … [Read more...] about Seafood export takes larger bite out of foreign markets

Viet Nam's consulate-general in Australia Nguyen Dang Thang speaks with participants at the event. — VNA/VNS Photo Nguyen Minh More than a hundred businesses from Viet Nam and Australia gathered for a trade and investment promotion event organised by the Australia Vietnam Business Council (AVBC) in Sydney, Australia. Speaking at the event, AVBC President Kiem Dinh said the Australia-Vietnam Enhanced Economic Engagement Strategy, signed in December last year, reaffirmed the two countries' commitment to strengthening ties and sustainable economic development. Viet Nam's consulate-general in Australia Nguyen Dang Thang said Viet Nam-Australia relations have been built on a foundation of mutual respect and understanding, common interests and similar views on international events. The two countries have been and will stay committed to an open trading system and have ratified a number of regional and international trade agreements including the Comprehensive and Progressive … [Read more...] about VN-Australia to further boost trade and investment ties

AVBC President Kiem Dinh speaks at the a conference in Sydney on June 23. (Photo: VNA) Sydney – The Australia-Vietnam Business Council (AVBC) held a conference in Sydney on June 23 to promote trade and investment partnerships through the strengthening of the Australia-Vietnam Enhanced Economic Engagement Strategy that was reached between the two countries in late 2021. Addressing the event, which drew nearly 100 businesses from a variety of sectors, AVBC President Kiem Dinh said that the conference marked a commitment from Vietnam and Australia to promote their partnership in many areas, heading to sustainable and inclusive economic growth in both countries. He said that in 2022, the AVBC and its members are focusing on implementing activities as part of the strategy. For his part, Vietnamese Consul General in Sydney covering New South Wales, Queensland and South Australia Nguyen Dang Thang affirmed that Vietnam-Australia relations are growing based on the foundation of … [Read more...] about Vietnam, Australia promote trade, investment partnership

Vietnam's exports reached about US$156.5 billion in the first five months of 2022 How do you view Vietnam’s export-import activities so far this year? Despite numerous difficulties and challenges, export-import activities have yielded positive results, making an important contribution to macroeconomic stability and socioeconomic development. The government’s decision to switch from Zero COVID-19 to safe and flexible adaptation to the pandemic is worthy of recognition as exports have increased rapidly since it came into effect. Deputy Minister of Industry and Trade Tran Quoc Khanh In the first five months of 2022, total export-import turnover reached an estimated US$311 billion. Of the total, exports reached about US$156.5 billion, an increase of 29.8 percent compared to a year ago. Meanwhile, imports surged by 22.6 percent year-on-year to around US$155 billion. As a result, Vietnam’s trade surplus hit US$1.53 billion during the reviewed period, contributing to … [Read more...] about Vietnam strives to attain eight percent export growth this year