Seafood exports likely to fall short of 10-billion USD target (Photo: VNA) Hanoi (VNA) – Vietnamese seafood companies need to work harder to realise the export target of 10 billion USD set by the Ministry of Agriculture and Rural Development (MARD) when oversea shipments in during January-July were estimated at only 4.66 billion USD. The yearly growth rate of seafood export in the period this year, at 6.4 percent, was much lower than the same time last year, with 19.3 percent. According to Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), instability in the world market and oversupply of shrimp worldwide are the main causes of the dwindling growth. “Exports of seafood products are likely to fetch 9 billion USD, but 10 billion USD is a far cry. However, we are trying our best,” Hoe said. He noted that revenue from seafood exports in July was less than 700 million USD, adding that however, the season for … [Read more...] about Seafood exports likely to fall short of 10-billion USD target
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According to forecasts of BMI Research, Vietnam’s food industry is expected to achieve annual growth of 10.9% in 2015-2020. Vietnam’s food industry is expected to achieve annual growth of 10.9% until 2020. Numerous international players, especially those from countries that Vietnam signed free trade agreements with, have been seizing the opportunity to enter the Vietnamese food market to take advantage of the deals. Keith Colwell, Canadian Nova Scotia’s Minister of Agriculture and Minister of Fisheries and Aquaculture, said that Canadian food businesses have shifted their focus to Vietnam after developments in the Chinese market and thanks to tariff reductions under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). These companies want to bring high-end Canadian products like seafood, agricultural products and beverages to new markets like Vietnam, Colwell said, explaining that tariff reductions under the CPTPP have … [Read more...] about Trade deals trigger foreign investments in Vietnam’s food sector
Asia’s top coffee exporters saw sluggish trade this week, with the bean market in Vietnam slowing on falling prices while Indonesia’s main harvest ended and stocks receded, traders said on Thursday. Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, sold coffee at 32,300-32,500 dong ($1.39-$1.40) per kg on Thursday, down from 33,000 dong last week. Domestic prices fell further this week following a decrease in global prices, traders said. January robusta coffee settled down $42, or 2.97%, at $1,370 per tonne on Wednesday. “Sales are slowing as farmers are complaining that prices are too low now,” said a trader based in the Central Highlands. “They are refraining from selling beans as current prices are just slightly higher than the production cost,” he added. Vietnam’s coffee exports in the first 11 months of 2019 fell 14.6%, from a year earlier, to about 1.47 million tonnes, official data shows. Traders in Vietnam … [Read more...] about Asia Coffee-Sluggish trade in Vietnam on low prices, Indonesia quiet
Asia News China maintains tariffs must be reduced for phase one trade deal with U.S. Thursday, Dec 5, 2019,16:47 (GMT+7) China maintains tariffs must be reduced for phase one trade deal with U.S. U.S. President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019 – PHOTO: REUTERS BEIJING (REUTERS) - Tariffs must be cut if China and the United States are to reach an interim agreement on trade, the Asian nation's commerce ministry said on Thursday, sticking to its stance that some U.S. tariffs must be rolled back for a phase one deal. "The Chinese side believes that if the two sides reach a phase one deal, tariffs should be lowered accordingly," ministry spokesman Gao Feng told reporters, adding that both sides were maintaining close communication. On a telephone call last week, China's lead trade negotiator Vice … [Read more...] about China maintains tariffs must be reduced for phase one trade deal with U.S.
Tuberculosis killed at least 1.7 million people in 2017, according to the WHO, making the airborne infection the world’s deadliest infectious disease. - AFP/VNA Photo Viet Nam News PARIS — A new treatment for a drug-resistant strain of tuberculosis can cure more than 90 per cent of sufferers, according to a trial hailed Monday as a "game changer" in the fight against the global killer. Doctors in Belarus -- a country with one of the highest rates of multidrug-resistant tuberculosis in the world -- spent months treating patients with a new drug, bedaquiline, alongside other antibiotics. The results, seen exclusively by AFP, were startling: Of the 181 patients given the new drug, 168 were totally cured. The World Health Organisation says currently only 55 percent of people with multidrug-resistant tuberculosis are successfully treated. The Belarus trial success rate -- 93 percent -- was largely replicated in bedaquiline trials in other countries in eastern Europe, … [Read more...] about ’Game changer’ tuberculosis drug cures 9 in 10