Lychee

Promising local market Truong Van Nam said many corporations, like the Vietnam National Textile and Garment Group, along with trade unions and women’s unions have signed contracts to buy lychees from the district. “With 100 million people, each person only needs to buy one kilogram to basically solve the lychee consumption issue,” according to Nam’s analysis. Fresh lychees and other Bac Giang products were introduced and displayed at a recent forum themed “Vietnamese lychees go global”. After visiting and tasting the fruit, representatives of foreign embassies in Vietnam praised the local specialty and recommended solutions for lychee exports to Europe and the Middle East. Bac Giang Province actively promotes lychee sales “I already know the lychee fruit, but I didn't think Bac Giang lychee is so delicious. One day I will go to Bac Giang with my friends to visit the lychee growing areas,” said Hamid Mosadeghi from the Iranian Embassy in Hanoi after tasting the … [Read more...] about Bac Giang lychees go global

Farmers harvest coffee beans. Coffee is among Vietnamese products that have gained ground in the EU. — Photo vinacafe.com.vn The EU has always been the most important partner of Viet Nam as the latter has always been an attractive investment destination for European firms, according to Pham Tan Cong, Chairman of the Vietnam Chamber of Commerce and Industry, at the Viet Nam-EU Agribusiness Forum on July 11. Cong said the EU-Vietnam Free Trade Agreement (EVFTA) has improved bilateral trade and kept Viet Nam afloat at a growth rate of 2.58 per cent during the pandemic. In 2021, Vietnamese exports to the EU hit US$40.6 billion and imports hit $16.89 billion, up over 14 per cent year-on-year. The EU remains Viet Nam’s third-largest agricultural importer with an annual turnover of $5.5 billion. However, the figures account for just 4 per cent of the EU’s total agricultural imports, indicating that room for trade growth is still ample for Vietnamese producers. He recommended EU … [Read more...] about Bright prospects for EU-Viet Nam trade

A farmer in his durian farm in Binh Phuoc Province. — VNA/VNS Photo Durian will be the 11th Vietnamese fruit to enter the Chinese market via official channels, following a protocol signed by Minister of Agriculture and Rural Development Le Minh Hoan on Monday. The protocol on phytosanitary requirements for Vietnamese durian exported to China is effective within three years. It will be sent to the General Administration of Customs of China and published on its portal, together with lists of eligible durian growing areas and packing facilities of Viet Nam. Vietnamese durian will be allowed to officially be exported to China after the protocol is publicised. Earlier, dragon fruit, watermelon, lychee, longan, banana, mango, jackfruit, rambutan, mangosteen and passion fruit from Viet Nam were also allowed to be shipped to China via official channels. The protocol stipulates that all growing areas registered for export to China must build a quality management and traceability … [Read more...] about Vietnamese durian enters China via official channels

Durian is listed as the 11th fruit shipped to China, the largest consumer of Vietnamese fruit and vegetables. China has decided to import durian via official channels from Vietnam for three years starting from July 11. Durian is the 11th fruit officially imported to China. File photo The fruit would be imported through all overland border crossings. The decision was made after four years of negotiations on market access and export protocols, making durian the 11th fruit imported from Vietnam after dragon fruit, watermelon, lychee, longan, banana, mango, jackfruit, rambutan, mangosteen, and passion fruit. Vietnam’s durian has been sold to China for years now but under unofficial channels, making it the biggest importer of fresh Vietnamese durian. China has always been the largest export market for Vietnamese durians, accounting for an estimated 70% of Vietnam’s durian exports. According to Vietnam’s Ministry of Agriculture and Rural Development (MARD), … [Read more...] about China imports Vietnamese durian after four years of negotiations

China has begun importing durians grown in Vietnam via all border gates starting early this week. On July 11, the Vietnamese Ministry of Agriculture and Rural Development and the General Administration of Customs of China (GACC) signed a protocol on phytosanitary requirements for durians shipped from Vietnam to its northern neighbor. Under the protocol, which will be valid for three years, Vietnamese durians will be permitted to enter China through all border gates approved for GACC fruit imports. Chinese officials are expected to check relevant documents and complete any necessary phytosanitary processes upon the arrival of durians at border gates. The Vietnamese Ministry of Agriculture and Rural Development and GACC spent two years negotiating the deal. China asked that all Vietnamese durian farms and units charged with packaging durians for export to China register with both the Vietnamese Ministry of Agriculture and Rural Development and GACC. Those who fail to meet … [Read more...] about Chinese authorities approve import of Vietnamese durians

Seafood is one of Viet Nam's key export products. Domestic enterprises must actively adapt and turn challenges into opportunities to improve competitiveness in domestic and foreign markets. — VNA/VNS Photo The Ministry of Industry and Trade (MoIT) and the Ministry of Agriculture and Rural Development will step up support for the Vietnamese business community to effectively exploit opportunities from the Regional Comprehensive Economic Partnership (RCEP), contributing to export promotion and economic development. This is a free trade agreement signed by 10 ASEAN member countries and five partner countries – Japan, South Korea, China, Australia and New Zealand – on November 15, 2020. RCEP came into effect on January 1, 2022. Many RCEP member countries are the owners and suppliers of major strategic raw materials in the world, such as China, South Korea and ASEAN countries. They are also the leading important trading partners of Viet Nam like China, South Korea, and Japan, with … [Read more...] about Ministries will support businesses to take RCEP opportunities

This is a free trade agreement signed by 10 ASEAN member countries and five partner countries – Japan, the Republic of Korea, China, Australia and New Zealand – on November 15, 2020. RCEP came into effect on January 1, 2022. Many RCEP member countries are the owners and suppliers of major strategic raw materials in the world, such as China, the Republic of Korea and ASEAN countries. They are also the leading important trading partners of Vietnam like China, South Korea, and Japan, with the total trade turnover accounting for more than half of the national trade revenue. RCEP will form the world's largest free trade area with 2.2 billion consumers, accounting for about a third of the world's population and global GDP. Strong commitments to opening the market for goods, services and investment and a common rule on origin for the 15 RCEP countries will be favorable conditions for forming and developing new supply chains in the region with the participation of the Vietnamese … [Read more...] about Ministries will support businesses to take RCEP opportunities

Accordingly, the province will promote large-scale concentrated fruit growing areas with high quality, satisfying VietGAP and GlobalGAP standards, with the volume of lychee qualified for export will account for 70% of the total output. It will strive to boost the export of such products as pomelo, longan and custard apple to new markets, including the United States, the European Union and Japan. The province will ensure long-term food security and expand the cultivation of high-quality rice varieties which are expected to make up 50% of the planting area. Concentrated production zones for processed and safe vegetables will be set up along with the application of high technology. Attention will be paid to developing large-scale concentrated farm husbandry associated with the building of disease-free facilities. Bac Giang's pork and chicken products qualify for domestic consumption and export. The province will expand concentrated intensive fish farming and encourage the … [Read more...] about Bac Giang targets developing key agricultural products

For example, the province’s Industry and Trade Promotion Center worked with the Bac Giang Province’s Department of Industry and Trade’s industrial management agency and Hiep Hoa District’s economics and infrastructure department to test a high-technology electronics production machinery application project at an import-export production and trading joint stock company in the district’s Thanh Van Commune. Industry promotion funding-financed projects help enterprises improve production efficiency and planning The project has helped its beneficiary improve production efficiency and planning, reduce labor cost, and increase its total revenue and after-tax profit to VND45 billion and VND300 million per year, respectively. The center also tested a produce preservation machinery and equipment project at the Vifoco Import-Export Joint Stock Company in Bac Giang City’s Song Khe Commune. Specifically, benefiting from industry promotion funding enabled Vifoco to procure cold … [Read more...] about Bac Giang boosts advanced machinery use

A number of Vietnamese fresh lychee are sold at AEON supermarket in Japan. (Photo: VNA) Hanoi (VNS/VNA) - The recent fluctuations in the US dollar and Japanese yen have both positive and negative impacts on Vietnamese traders, according to experts of the Ministry of Industry and Trade ( MoIT ). The Vietnamese dong has strengthened by 12% against the Japanese yen this year while it has weakened 2.6% against the US dollar. Officials said the US Federal Reserve (Fed) has tightened monetary policy to curb inflation in the US. Prices in the US have been rising at their fastest rate in almost 40 years while the Bank of Japan (BOJ) has continued with monetary easing to support the economy's recovery from the pandemic. According to experts, the depreciation of the Japanese yen has partially benefited some businesses with loans to pay in Japanese yen and Vietnamese importers . Many Japanese food and household items are favoured by Vietnamese consumers. The weaker yen has … [Read more...] about Importers, exporters impacted by exchange rate volatility