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Fruit and vegetable processors are urged to adopt advanced technologies to improve export value. Vietnam's fruit and vegetable export turnover has risen 29% year-on-year to US$1.9 billion in the first five months of this year, enabling the sector to reach US$4 billion in exports in 2023, according to the Ministry of Agriculture and Rural Development (MARD). Fruit and vegetable exports grossed US$982 million in the first quarter of this year, up 16.2% compared to the same period in 2022, with sales to the Chinese market showing impressive growth. China imported $805 million worth of Vietnamese products, accounting for 80% of the market share. MARD stressed that in foreign markets, including China, Vietnamese fruits face stiff competition from rivals from Thailand, Cambodia, and the Philippines. "Export prospects in the second half of the year will be better as many countries favor Vietnamese agricultural products," it added. Vietnamese durian for exporting. … [Read more...] about Vegetable and fruit exports expected to hit $4 billion this year

Building high-tech agricultural models, integrating production chains, connecting regions, and establishing processing facilities for export are all necessary for agricultural production in Hanoi. Hanoi is poised to become a center for processed goods for export, said Hoang Thi Hoa, director of the Hanoi Agriculture Development Center under the Hanoi Department of Agriculture and Rural Development, in an interview with Hanoimoi newspaper. Clean farm production at Japan & Vietnam Vegetable Fruit Company. Photo: Phuong Nga/ The Hanoi Times How do you assess the current prospects of Hanoi's agricultural exports? Based on its relatively large arable land , Hanoi is building a modern agriculture sector by applying advanced digital technology to create quality products that meet consumer and export needs. Over the years, Hanoi has promoted importing several items, including fruits, wood and wood products, and some processed goods. Specifically, … [Read more...] about Hanoi to become processed goods export hub

The Department of Industry and Trade of Ho Chi Minh City has said it will join hands with cross-border e-commerce platforms to support local exporters in shipping products to the world on a larger scale and in a more professional way. This is among the solutions that the city will adopt this year to help Vietnamese enterprises overcome difficulties and foster industrial production, trade, and green export. Enhancing business via online and digital channels will help exporting enterprises reduce costs and access customers faster, said Nguyen Nguyen Phuong, deputy director of the municipal Department of Industry and Trade. The department has worked with many e-commerce platforms and service providers to come up with support solutions, Phuong noted. Enterprises also need to take the initiative in cooperating with partners to better meet the requirements in importing markets. Huynh Kim Tuoc, co-chairman of the Digital Economy and Technology Committee under the American … [Read more...] about Ho Chi Minh City to boost online exports

Some representatives from Vietnam have garnered an overwhelming response from a remarkable total of over 436 registered projects at the regional event which shows a resurgence of architectural excellence in India, Thailand, Indonesia, and Vietnam. Mai Chau Culture Resort, Grand Tourane Nha Trang Hotel, and Ambassador Cruise Restaurants are several brands among the finalists of the Asia Architecture Design Awards 2023 (AADA). AADA categories include Best Resort Architecture Design, Best Hotel Architecture Design, Best Resort Interior Design, Best Lighting Design, and Best Furniture Accessories, among others. Tre Dining in HCM City is listed as one of the Best F&B Architecture designs. Photo: Tre Dining Those from Vietnam made an impressive display on the shortlist, demonstrating their architectural prowess. From May 30 to June 25, the jury will begin their work with 20 influential experts from various fields, including architecture, design, and real … [Read more...] about Vietnamese brands listed in Asia Architecture Design Awards’ Top 100 Outstanding Projects

Customs officials checks the transportation of goods at Huu Nghi International Border Gate via a digital border gate platform. — VNA/VNS Photo Anh Tuan Smart border gate control should be launched to prevent congestion and facilitate cross-border trade in farm products between Viet Nam and China. The proposal was raised at the working session between Viet Nam Ministry of Agriculture and Rural Development and China’s Guangxi Province on Tuesday on measures to promote the trade exchange of farm produce between the two countries. Guangxi was the largest gateway for agricultural exports from Viet Nam to China. Statistics of the China Customs showed that around US$350.4 million worth of agricultural products was imported to China via border gates with Guangxi Province in the first four months of this year, accounting for 19.7 per cent of Viet Nam’s total agricultural exports to China. According to Nanning Customs, the peak harvest seasons for fruits such as durian and mango are … [Read more...] about Smart border gate control proposed to facilitate trade of farm produce with China

Illustrative image (Photo: VNA) Hanoi (VNA) – The Ministry of Industry and Trade held a meeting with Vietnam Trade Offices abroad on May 31 to discuss ways to boost the exports of lychees and longans as many northern localities are harvesting the fruits. total lychee production is estimated at a record of over 180,000 tonnes this year. The harvesting period is scheduled from May 25 to July 30. Vietnam Trade Offices abroad were assigned to closely follow the market situation, trade policies and export requirements for key commodities, thus providing timely advices for the ministry’s leaders to support localities, associations, and businesses. VNA … [Read more...] about Vietnam seeks to expand overseas markets for lychees, longans

The government last week reported that under its latest calculations, the state budget revenue last year hit about VND1.815 quadrillion ($78.93 billion), which is VND201.4 trillion ($8.75 billion) or 12.5 per cent higher than a previously reported figure. “The revenue has sufficiently met all tasks on expenditures for development investment, social security, salary reform, and other necessary tasks,” the government stated. Budget estimate shortcomings require modern fix Such a revenue increase was thanks to a rise in many items, with enterprises performing relatively well despite massive difficulties. For example, the economy’s most updated export turnover last year reached $371.3 billion, higher than the $368 billion earlier reported to the National Assembly – with the exact trade surplus of more than $12.4 billion, far higher than the only $1 billion earlier reported to the legislative body. However, the National Assembly Economic Committee (NAEC) found that the … [Read more...] about Budget estimate shortcomings require modern fix

Vietnam’s services sector remains a bright spot, partially offsetting some external weakness, according to a report released by HSBC Vietnam on May 31. Illustrative image (Source: VNA) The report, themed “Vietnam May data: Still a long way to go,” said while Vietnam’s May trade data points to no further deterioration, there is still a long way to see a meaningful rebound in its trade cycle. Exports slightly fall According to the report, exports fell 5.8% year on year in May, a slower pace than the market expected, but with lingering broad-based weakness. None of the major categories, including electronics, machinery, textiles/footwear and wooden furniture showed signs of a meaningful rebound. Data as of April 2023 suggests substantial falling shipments in Vietnam’s three largest exporting destinations - US, China and the EU. In particular, with a hefty share of 30%, Vietnam is particularly sensitive to a US economic slowdown. Despite exports falling by … [Read more...] about Vietnam’s services sector remains a bright spot: HSBC

At a working session with the Standing Board of the provincial Party Committee as part of his visit to the northern mountainous locality, Prime Minister Pham Minh Chinh said Ha Giang boasts unique potential and competitive advantages to grow rapidly and sustainably. “Ha Giang should always desire for rapid, green, sustainable development,” he said, asking the locality to optimize its strengths and opportunities to growth further. The Prime Minister urged Ha Giang to accelerate public investment disbursement, drastically implement the national target programs and the socio-economic recovery and development program, and push ahead with the materialization of strategic breakthroughs in institution, infrastructure and personnel training. At the same time, more attention should be paid to the growth engines of investment, consumption and export, he said, asking the locality to restructure its industrial sector, and develop hydro-electricity in tandem with the rational use of water … [Read more...] about Prime Minister asks Ha Giang to pave way for development with mechanisms, policies

The working session will be broadcast live on television and radio channels. According to the Government report submitted to the N.A., Vietnam fulfilled 13 out of 15 targets in 2022, with GDP growth of 8.02% (the initial reported figure was 8%), GDP per capita of 4,109 USD (the initial figure was 4,075 USD), CPI growth of 3.15% (initially around 4%), and State budget collection of 1.81 quadrillion VND (77.07 billion USD), 201.4 trillion VND higher than the figure reported to the legislature earlier. The country posted export-import revenue of 371.3 billion USD and ran a trade surplus of over 12.4 billion USD, also exceeding the numbers reported earlier. Meanwhile, the GDP in the first quarter of this year increased by only 3.32%, lower than the 5.03% recorded in the corresponding time last year, and the average CPI rose 3.84% in the first four months. In the four-month period, the State budget collection reached some 632.5 trillion VND, equivalent to 39% of the yearly estimate, … [Read more...] about Socio-economic matters main topic at N.A. session on May 31