Exports eu

HCM City (VNA) - The COVID-19 pandemic is still influencing Vietnam’s fisheries exports, with export value down 10 percent in June to just 626 million USD following a sharp decline in May of 16 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Vietnam earned over 3.5 billion USD from exporting fisheries products in the first half of 2020, down 10 percent against the same period last year. In the January-June period, the sharpest fall was seen in the export of tra fish, at 31 percent, followed by tuna at 20 percent. Only shrimp exports enjoyed a rise, of just 3 percent. According to VASEP, COVID-19 has caused a 35-50 percent slump in global seafood demand, while businesses suffered from material shortages and difficulties in transportation and payments, leading to financial troubles. As of the end of June, the strongest decline had been seen in the EU market, at 35 percent. Exports were down 6 percent in the US, 17 percent in ASEAN, 9 … [Read more...] about Fisheries exports drop in June

The representative of the MOIT’s Import-Export Department said Viet Nam has advantages in production and export of agricultural, forestry and aquatic products, while the EU has a large demand for these items that have accounted for 8.4 per cent of total annual import value. This shows great potential in export growth from Viet Nam to the EU. … [Read more...] about Over 7,000 C/O issued for exports to EU in August

Over the first eight months of the year, export turnover is estimated at $174 billion, up 1.6 per cent on-year, while import turnover was $162.2 billion, down 2.6 per cent. Since imports experienced a more significant decline than exports, Vietnam maintained a large trade surplus of $11.9 billion in the first eight months and $3.5 billion in August alone. … [Read more...] about Vietnam enjoys large trade surplus in August thanks to Samsung Note 20 exports

"The EVFTA will bring many benefits to agricultural products. Rice exports have huge potential under the EVFTA, the EU pledges to provide an annual rice quota of 80,000 tonnes to Vietnam and completely liberalise trade in broken rice. This means Vietnam can export as much as 100,000 tonnes of rice to the EU annually," he said. According to the Department of Crop Production, the EU will completely waive taxes for rice products from Vietnam after three to five years. This is an advantage over Cambodia and Myanmar that pay a tax of USD150 per tonne in 2020 and USD125 a tonne in 2021. … [Read more...] about Vietnam hopes to export 100,000 tonnes of rice to EU

At a press conference on September 8 in Hanoi, Director of the Department of Crop Production under the Ministry of Agriculture and Rural Development (MARD) Nguyen Nhu Cuong informed that after the EU-Vietnam Free Trade Agreement (EVFTA) took effect, the EU has expanded its quota of rice imported from Vietnam to 80,000 tons per year. In 2019, Vietnam exported 50,000 tons of rice to the EU market under quotas, with a value of 28.5 million euros. Compared to other countries in the ASEAN, Vietnam's rice exports to Europe were only one-sixth of those of Thailand, one-tenth of those of Myanmar, and a quarter of those of Cambodia. However, since this year, Vietnam will have an additional 30,000 tons of fragrant rice grown in the Mekong Delta, which receives the wild card to enjoy preferential tariff treatment to this market. According to the Director of the Department of Crop Production, the cultivation area of fragrant rice in the Mekong Delta annually reaches about 25 percent of the total … [Read more...] about Ministry urges enterprises to complete procedures to export fragrant rice to EU