During the period, the total export-import turnover of agro-forestry-aquatic products hit 6.9 billion USD, down 7.5% year-on-year. Of which, nearly 38.5 billion USD was from exports . In September alone, the export revenue of agro-forestry-aquatic products reached 4.8 billion USD, down 2.7% monthly and up 22% annually. China, the US and Japan remained the top three export markets of Vietnam ese farming products. The ministry said, it will continue developing both domestic and export markets, while dealing with market-related issues to create favorable conditions for the export of agro-aquatic products to China, the US, the European Union and the Eurasian Economic Union. It will also help exporters make full use of free trade agreements as well as help firms secure new export contracts, protect trademarks and provide geographical indication for Vietnam's potential export products in foreign markets./. VNA … [Read more...] about Agro-forestry-fisheries sector posts 22.5% rise in trade surplus
Fruits export to china
Over 56,800 Vietnamese labourers sent abroad in 7 months
Vietnam sent over 56,800 labourers to work abroad in the first seven months of 2022 (Photo: VietnamPlus) Hanoi (VNA) – Vietnam sent over 56,800 workers, including 21,238 females, abroad to work under labour contracts over the first seven months of 2022, equivalent to 63.2 percent of the target set for the year. According to data from the Ministry of Labour, Invalids and Social Affairs (MoLISA), Japan, Taiwan (China) and the Republic of Korea (RoK) remained the largest recipients of Vietnamese labourers during the reviewed period. With the number of workers going to work abroad continuing to remain stable, Vietnam’s plan to send 90,000 labourers to work abroad this year is completely feasible, the ministry said. Due to the impact of COVID-19, last year, Vietnam completed only 50 percent of its yearly target in labour export with 45,058 workers sent abroad. Thanks to wide-scale vaccination against COVID-19 and the changes in pandemic control strategies towards … [Read more...] about Over 56,800 Vietnamese labourers sent abroad in 7 months
Vietnam-US Comprehensive Strategic Partnership heralds new waves of trade
US Ambassador to Vietnam Marc E. Knapper (Photo: VNA) Hanoi (VNS/VNA) - On the back of the newly-signed Comprehensive Strategic Partnership between Vietnam and the US, American exporters are setting their sights on delivering a wider range of agricultural products to Vietnamese consumers. US Ambassador to Vietnam Marc Knapper said bilateral trade was growing steadily over the past decade, reaching 130 billion USD in 2022, of which 10 billion USD went to agriculture. Following the elevation of the relationship to a Comprehensive Strategic Partnership, there's no doubt that bilateral trade, particularly in the agricultural sector, would continue to thrive. In other words, a wider range of American agricultural products would make their way into Vietnam in the short term and so would Vietnamese products into the US. Francis Lee, a representative of the Washington Apple Commission, said American apples were in high demand in Vietnam with about 2 million baskets being … [Read more...] about Vietnam-US Comprehensive Strategic Partnership heralds new waves of trade
Vietnam posts trade surplus of 21.68 billion USD in nine months
During the January – September period, Vietnam exported some 259.67 billion USD worth of products, a year-on-year fall of 8.2%. Meanwhile, the country's imports totaled 237.99 billion USD, down 13.8% year on year. Regarding the structure of exported goods in the period, processed goods accounted for 88.3% of the total export value, with 292.22 billion USD. As for imported goods, materials for production made up 93.7% of the value, with 223.08 billion USD. The U.S. was the largest export market of Vietnam with 70.9 billion USD, while China was the largest import market of the Southeast Asian country with 79.1 billion USD. According to the Ministry of Industry and Trade, the drop in Vietnam’s exports was attributed to slow recovery of the global economy, falling demand and high interest rates in developed countries such as the U.S., E.U. nations and China, coupled with a tightened monetary policy and high levels of inventory. The ministry will continue to keep a close watch on … [Read more...] about Vietnam posts trade surplus of 21.68 billion USD in nine months
Indonesia to make biomethane from palm oil in 2025
A farmer harvests oil palm fruit at a plantation in Kuta Makmur, Aceh. (Photo: AFP/VNA) Jakarta (VNA) – PGN, a Pertamina subsidiary, and three Japanese companies are looking to produce biomethane from palm oil mill effluent (POME) to meet rising natural gas demand and reduce methane emissions, reported the Jakarta Post. The consortium of PGN, JGC Holdings Corporation, Osaka Gas and Inpex Corporation is currently working on a study for the commercialisation of such a product in Indonesia in 2025, using PGN’s natural gas distribution network. The raw material will come from oil palm plantations in South Sumatra. The project aims to recover methane gas released into the atmosphere from POME, refine it into biomethane and supply it to customers via natural gas pipelines and other existing infrastructure. According to the US Environmental Protection Agency, untreated POME releases methane, which is more than 25 times as potent as carbon dioxide at trapping heat in the … [Read more...] about Indonesia to make biomethane from palm oil in 2025