Import export usa

This year, Vietnam also remains the world’s biggest importer of raw cashew nuts, purchasing about 1.3 million tonnes from overseas. Data by Vinacas shows that Vietnam began to ship cashew kernels abroad in 1990 after the association was founded. The country exported 286 tonnes of cashew kernels for 1.4 million USD that year. In 2004, the volume increased to 105,000 tonnes, worth approximately 436 million USD. In 2006, Vietnam surpassed India for the first time as the world’s top exporter of cashew kernels, with an export volume of 127,000 tonnes worth 504 million USD. Since 2017, Vietnam has retained its position as the world’s biggest hub for cashew processing and the largest exporter and importer of the product, accounting for over 50 percent of the global processed cashew nuts. The industry has been hit by COVID-19 since the beginning of this year. Though cashew kernel exports reached more than 422,000 tonnes in the first 10 months of 2020, a year-on-year … [Read more...] about Vietnam remains world’s largest producer, exporter of cashew nuts

Figures released the Agency of Foreign Trade under the Ministry of Industry and Trade showed that Vietnam shipped 363,000 tonnes of cashew nuts abroad in the first nine months of 2020, raking in 2.3 billion USD, up 10.6 percent in volume but down 4 percent in value compared to the same period last year. … [Read more...] about Cashew nut exports to thrive in year-end months: insiders

Hanoi (VNA) – Hoa Phat Steel said it shipped 62,700 tonnes of finished steel abroad in September, doubling the figure a year ago. During the month, the group posted record sales of 522,000 tonnes, including 352,000 tonnes of finished steel and 170,000 tonnes of steel billet. The finished steel consumption rose by 82,3 percent from the same period last year. Hoa Phat steel sales in the first nine months of the year reached more than 4 million tonnes, two times higher than the corresponding period last year. The figure included nearly 2.5 million tonnes of finished steel, while the remaining was steel billet and hot-rolled coil (HRC). The finished steel sales posted a 27 percent year-on-year increase. Hoa Phat steel continued to take the lead in the market with over 32 percent. The group's steel sales in the southern region reached around 600,000 tonnes in the January-September period, doubling the figure in the same period last year. Hoa Phat construction steel products have … [Read more...] about Hoa Phat’s September steel exports double

HCM City (VNS/VNA) - Vietnam Rice Company Limited (Vinarice) of Vinaseed – a member of The PAN Group, has obtained the certificate of food safety management systems (FSSC 22000) for processing, packaging and distribution by Bureau Veritas – the UK's leading independent organisation for certification. … [Read more...] about VinaSeed’s rice products conquer international market

Poor infrastructure and quality of workforce remain a big hindrance for business operations of foreign investors in Vietnam. EuroCham vice chairman Olivier Jacquet said at the press conference that Vietnam needed modern roads, seaports, power plants and other infrastructure to sustain its economic growth over the longer term. Developing its infrastructure will be one of Vietnam’s major tasks to reach regional competitiveness and be further integrated into global supply chains. The government has just introduced legal framework for PPP pilot projects to encourage private investments to infrastructure sector, but EuroCham said foreign investors will only be attracted to invest in PPP if they can secure a reasonable return on their investment. In other words, projects have to be commercially viable and lucrative to prospective investors. … [Read more...] about EuroCham calls for change