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Vegetable vs fruit

/ March 1, 2021

Vietnam sees rising vegetables and fruit exports to Thailand

Vietnam agricultural products exported to Thailand have increased sharply in the first months of 2021. Dragon fruits exported to Thailand Statistics from the Department of Agro-Processing and Market Development show that total fruit and vegetable export revenue in January was USD260m, a decrease of 7.6% compared to the same period last year. China continues to be the biggest importer of Vietnamese fruit and vegetable with USD147m worth of products. The US is in second place with USD16.3m, Japan and South Korea followed with USD10.5m and USD9.2m, respectively. More notably, the total export revenue to Thailand has been on the rise. Vietnam often had an import surplus of fruit and vegetables from Thailand but the situation changed in 2020 when Vietnam exported USD157m worth of vegetables and fruits to Thailand, an increase of 209.7% compared to 2019. Vietnam imported USD78m worth of vegetables and fruits from Thailand in 2020, a huge decrease from 2019's USD487m worth of products. In December 2020, Vietnam imported USD8.5m and exported USD8.2m worth of products from Thailand. In January, Vietnam imported USD7.2m worth of products from Thailand and exported USD16.2m worth of products. The majority of the products exported to Thailand are dragon fruits, mango, longan and litchi. …

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/ March 1, 2021

Bilateral trade between UK and Vietnam enhanced thanks to UKVFTA

The Hanoitimes - The initial results of the UK-Vietnam Free Trade Agreement promise to continue creating new impetus for economic and trade cooperation between the two countries in the coming time. Since the UK-Vietnam Free Trade Agreement (UKVFTA) took effect on January 1, the bilateral trade turnover between the two countries has recorded a spectacular rise in the context of exports disruption due to the Covid-19 pandemic, according to the Ministry of Industry and Trade. Vietnamese rice exports to EU. Photo: Vinaseed According to the General Department of Vietnam Customs, in January, the total trade turnover between Vietnam and the UK reached US$657.3 million, up 78.6% over the same period last year. Vietnam's exports to the UK reached US$598 million worth of goods, up 84.6% compared to last January and 56.5% to last December. Among Vietnam's exports to the UK,  farm produce attained stable and positive growth in January, with seafood reaching US$19.7 million, representing a rise of 18.1% over the same period last year, and vegetables and fruits with US$1 million, increasing 148.6%. Chart: Phi Nhat Vietnamese shipments to the UK get opportunities to rise drastically and expand market share thanks to many tariff preferential treatment under the agreement, according to the MoIT. Under the trade deal, more than 94% of the total 547 tariff lines of vegetable and fruit will be reduced to zero. Many Vietnamese key products such as litchi, longan, rambutan, dragon fruit, pineapple and melon will have more market access advantages over tropical fruits originating from rivals such as Brazil, Thailand and Malaysia, the countries that have not signed an FTA with the UK. Chart: Phi Nhat Shipments of the group of processing and manufacturing industries to the UK achieved an impressive growth in January such as phones and components (up 371.6% over the same period last year), followed by …

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/ March 1, 2021

UKVFTA – a boost to Việt Nam-UK trade

Clam processing at Lenger Seafoods Vietnam Co. Việt Nam and the UK saw impressive growth in their two-way trade though exports faced formidable challenges caused by the COVID-19 pandemic. VNA/VNS Photo HÀ NỘI — After the UK-Việt Nam Free Trade Agreement (UKVFTA) took effect on December 31, 2020, both sides saw impressive growth in their two-way trade though exports faced formidable challenges caused by the COVID-19 pandemic. Statistics from the General Department of Việt Nam Customs showed that total trade in goods between the two nations topped US$657.35 million in January, a year-on-year hike of 78.57 per cent. The Ministry of Industry and Trade described it as an impressive growth, particularly in the context of COVID-19. Notably, Việt Nam’s shipments to the European country hit $598.07 million, or 84.61 per cent higher than the same time last year, and 56.51 per cent higher than December 2020. Exports of agricultural products maintained stable growth in the month, with export revenue of seafood surging 18.1 per cent to $19.72 million, and fruits and vegetables rising 148.6 per cent to $1.04 million. Under the UK trade deal, tariffs levied on Vietnamese shrimp materials is reduced from 10-20 per cent to zero per cent, while more than 94 per cent of 547 tariff lines on Vietnamese fruits and vegetables will be cut to zero per cent. Experts said a wide range of Vietnamese fruits like lychee, longan, dragon fruit, pineapple and rambutan will hold more advantages to access the UK market over those from Brazil, Thailand and Malaysia who have not clinched an FTA with the European country. Việt Nam also saw strong increase in its shipments of telephone and parts (up 371.6 per cent to $252.59 million); machines, equipment and parts (up 109.9 per cent to US$74.58 million); computers and parts (up 91 per cent to $31.82 million), among others. Meanwhile, Việt Nam spent $59.297 million on imports from the UK, up 34.3 per cent year-on-year. Last year, total …

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