Viet Nam’s cement industry saw strong growth in cement exports in the first quarter of this year as many Chinese cement factories shut down due to pollution and power shortages. Viet Nam’s cement industry saw strong growth in cement exports in the first quarter of this year. - Photo baoxaydung.com.vn Nguyen Quang Cung, vice chairman of the Viet Nam Building Material Association, made the announcement at a press conference on Vietbuild, held in Da Nang on April 17. According to Cung, cement production in Viet Nam in the first quarter of 2018 increased by 18 per cent year-on-year, marking the first time it had reached high growth against an annual surge of some 10 per cent. Meanwhile, the industry’s cement exports in the first quarter of 2018 rose 68 per cent over the same period last year. The strong growth was due to the policy change of the Chinese government towards cement production, Cung said. China must close a series of cement plants from November 15, … [Read more...] about Strong domestic cement export growth, China’s production drops
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VASEP forecast upbeat shrimp export growth for 2018
The Vietnam Association of Seafood Exporters and Processors (VASEP) has projected shrimp exports to continue gathering momentum this year, particularly in the EU and China. Processing shrimp for export Vietnam’s shrimp export value was estimated at 3.8 billion USD in 2017, up 22 percent from 2016.The EU was the top importer of Vietnamese shrimp, totaling more than 780 million USD worth of the country’s shrimp products in the first eleven months of 2017, 22.2 percent of Vietnam’s total shrimp export revenue in the period and an annual increase of 42.4 percent. The Netherlands’ imports grew 70.5 percent, the strongest growth among the three major EU markets for Vietnamese shrimp products, followed by the UK (54.5 percent) and Germany (5.9 percent).VASEP General Secretary Truong Dinh Hoe attributed the outcomes to preferential treatments offered by the EU to some Vietnamese shrimp products under the Generalised System of Preferences (GSP). Thailand and China … [Read more...] about VASEP forecast upbeat shrimp export growth for 2018
Glutinous rice price dips despite strong export growth
Glutinous rice price dips despite strong export growth Trung Chanh CAN THO - Glutinous rice exports, especially to China, have grown significantly this year but the price of this kind of grain on the domestic market has plummeted sharply over the same period last year. Glutinous rice exports reached 74,000 tons in February, increasing by 23,500 tons over the same period last year. Particularly, sticky rice shipments to China amounted to 67,000 tons, an increase of 26,000 tons over the same period last year. In March, total glutinous rice exports reached 161,000 tons, up 43,000 tons over the same period last year and up 87,000 tons compared to the previous month. In particular, China imported 149,000 tons from Vietnam, up 35,000 tons year-on-year and up 82,000 tons month-on-month. Despite strong export growth, some traders in the Mekong Delta said sticky rice has edged down by VND1,200-1,300 per kilo over the same period last year. Tran Quoc Tuan, a rice trader in Long An … [Read more...] about Glutinous rice price dips despite strong export growth
Opportunities to promote import-export growth Most Recent News
NDO – Implementing ten Free Trae Agreements (FTA) with many countries and territories, Vietnam has taken advantage of the agreements. In the 2018-2020 period, the tax reduction roadmap will be further promoted thus the tariff for many commodities is expected to drop to 0%, which will create new opportunities to increase import and export turnover, thereby boosting economic growth. Expectation from FTAs and records The Ministry of Finance is proposing ten draft Decrees on Vietnam’s special preferential import tariffs to implement ASEAN Free Trade Area, free trade agreements of ASEAN with Japan, India, Australia – New Zealand, the Republic of Korea (RoK) and China, as well as Vietnam – RoK, Vietnam – Japan, Vietnam – Chile and Vietnam – Eurasian Economic Union FTAs. The new Decrees aim to make commitments in intra-ASEAN. By the end of 2016, Vietnamese Government issued the Resolution No.109/2016/NQ-CP the list of ASEAN Harmonized Tariff version … [Read more...] about Opportunities to promote import-export growth Most Recent News
Exports to China grow strongly
Exports to China grow strongly Tu Hoang By Tu Hoang - The Saigon Times Daily HANOI – Vietnam’s exports to China in January-September jumped 16% year-on-year, or twice the growth rate in the corresponding period of last year. The Government said in a report submitted to the National Assembly Standing Committee that bilateral trade between Vietnam and China in the year to date has not been affected by the East Sea tensions. Exports to China made up 10.2% of the country’s total export revenue, while imports from China also grew more than 16% and accounted for 28.7% of the country’s total import bill. Vietnam shipped US$1.2-1.3 billion worth of products to China a month in January-September. Most items posted positive growth except for coal which fell 51% in volume. The report also showed that monthly imports from China reached US$3.38 billion in January-July of this year, with May seeing the highest value of US$4 billion. Overall, import-export growth rate … [Read more...] about Exports to China grow strongly