Vietnam exports products

Consumers in the UK have been increasingly keen on Vietnam’s rice, especially after ST25 was honored as the best rice variety in the world in 2019, Nguyen Canh Cuong, trade counselor at the Vietnamese Embassy in the UK, told Tuoi Tre (Youth) newspaper. UK companies have paid much attention to Vietnam’s rice due to a higher demand in their country and incentives in the UK-Vietnam Free Trade Agreement (UKVFTA). In particular, the UK has waived the import tariff on Vietnam’s fragrant rice instead of imposing a 17.4-percent tax rate as earlier. Vietnam’s rice value on the rise According to statistics from the Vietnam Trade Office in the UK, the European country’s rice imports from Vietnam rose in 2020 and 2021. In 2020, before the UKVFTA took effect, Vietnam’s rice exports to the UK surged to some 3,400 metric tons worth US$2.67 million from nearly 1,300 metric tons in the previous year. Vietnam’s rice exports to the UK fell 20 percent in volume but inched up four percent … [Read more...] about Vietnam’s rice increasingly preferred in UK

Phan Thi Hue, head of the Legal Inspection Department under the Vietnam Directorate of Fisheries, noted that the EC will not try to remove the ‘yellow card’ regarding the detection of fishing vessels encroaching in foreign waters. An EC report in May warned that it is likely to impose ‘a red card’ on Vietnamese seafood in the event that violations on fishing regulations are not handled in a quick manner. The EC has therefore highlighted Vietnamese determination and efforts to gradually reduce the number of fishing vessels violating regulations regarding IUU fishing in foreign waters located in the Pacific region. It also spoke highly of the country’s goodwill, co-operation, transparency, and honesty in providing information about the fishing vessel database, as well as issuing a legal framework in line with international standards towards sustainable and responsible fishery management and international integration. Despite this, IUU inspection missions to several localities … [Read more...] about Greater efforts aim to remove Vietnam from IUU fishing warning

Illustrative image (Photo: VNA) Hanoi (VNA) - HSBC experts have predicted that Vietnam's economy will continue to gain traction, despite a less rosy external picture. According to the bank, Vietnam saw a year-on-year increase of 17% in exports in the first six months of 2022, but it will be hard for overseas shipments to meet expectations in the last half of the year. In its "Vietnam at a glance" report released on August 17, the bank said that after impressive export growth in the first half of 2022, a slower-than-expected pace was recorded at the start of the second half. The main cause is a growth slowdown in the electronics industry, especially mobile phones. Samsung's second-quarter results show that demand for consumer electronics is weakening, affecting the smartphone, TV, and other segments. While textile, garment and footwear exports rose sharply, by 30% from a year earlier, the Vietnam Textile and Apparel Association forecast the amount ordered … [Read more...] about Vietnam’s economy continues to gain traction: HSBC

Illustrative image. Photo: VNA The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT) has recently issued Decision No. 132/QD-BTC on the continuation of anti-dumping measures for certain imported cold-rolled (cold-pressed) steel coils or sheets from China. In accordance with Decision No. 3390/QD-BCT issued by MoIT on December 21, 2020, the anti-dumping tax rate for Chinese cold-rolled steel goods remains constant. According to this ruling, Chinese cold-rolled steel is subject to anti-dumping duty rates ranging from 4.43 per cent to 25.22 per cent, depending on the individual manufacturers and exporters. Prior to September 3, 2019, many local steel manufacturing companies filed dossiers demanding anti-dumping investigations for a variety of Chinese steel goods imported into Vietnam. The MoIT has decided to investigate the issue in line with the World Trade Organization (WTO), the Foreign Trade Management Law (FTML), and other applicable … [Read more...] about Vietnam upholds antidumping tariff on Chinese steel imports

During their meeting, FM Son and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn were pleased with the fruitful developments of the bilateral relationship in recent times, and agreed to continue promoting the exchange of high-level visits via all channels, enhancing people-to-people exchange; maintaining and optimizing the effectiveness of existing bilateral cooperation mechanisms; fostering economic connections; strengthening cooperation between localities, especially those that share borders; and exerting effort to speed up tourism recovery. They also agreed to accelerate negotiations towards completing the remaining 16% of the land border demarcation and marker planting in order to build a common borderline of peace, friendship, cooperation and sustainable development between the two nations; and closely coordinate at regional and international forums as well as sub-regional mechanisms, and support each other's candidacy to multilateral organizations. Sokhonn … [Read more...] about Foreign Minister meets Cambodian, Philippine, Malaysian counterparts

Farmers harvest coffee in the Central Highlands province of Lam Dong. (Photo baolamdong.vn) Lam Dong (VNS/VNA) - The People’s Committee of the Central Highlands province of Lam Dong has recognised a 371.6ha coffee growing area in Di Linh district as a hi-tech coffee growing area . Located in Dinh Lac commune’s Tan Lac 1, Tan Lac 3 and Tan Lac 4 villages, the area is cultivated by 325 households, four co-operatives and six coffee producing and processing establishments. In the hi-tech coffee growing area, coffee growing households use machines to till the land and use automatic and semi-automatic chemical spraying mechanisms to prevent and control diseases. They also use composted animal manure to fertilise coffee. Up to 90% of the area’s coffee beans are dried by driers. The area is also equipped with automatic weather and soil moisture monitoring facilities. More farmers in Di Linh, which is the province’s largest coffee growing district, are using high … [Read more...] about Lam Dong province recognises hi-tech coffee growing area