Vietnam exports to us

Hanoi (VNS/VNA) - The development of a commodity exchange in Vietnam is expected to provide an alternative for investors when they find difficulties investing in risky assets such as stock and real estate. The number of active investors on the Vietnamese commodity exchange is still small compared to stock and real estate markets. The legal framework and the concept of commodity exchanging are reportedly the reasons that have restrained investors from taking part in this market. Agricultural products traded on the global commodity exchanges include corn, wheat, coffee, sugar, lumber and rubber. Those products are also Vietnam’s key agriculture produce. Vietnam is among the world’s top agricultural exporting countries, which accounts for a large-part of all exports. Last year, total export value was up 3.2 percent to 41.3 billion USD compared to 2018. Of the total figure, key agriculture exports – including rice, pepper and coffee – were down 5.3 percent to … [Read more...] about Vietnam’s commodity market expected to attract increased investment

Covering a total area of 2,2000 sq.m, Hortex Vietnam 2020 represents the largest exhibition of vegetables, flowers, and fruits to be held in the nation and is expected to welcome roughly 4,500 visitors over three days. Several nations which are home to a high-tech agriculture industry took the lead in the number of participating exhibitors including the Netherlands with 23 enterprises, Israel with 13 firms, and Spain with seven businesses. … [Read more...] about HortEx Vietnam 2020 kicks off in Ho Chi Minh City

Hanoi (VNS/VNA) - Fitch Solutions has revised down its 2020 real GDP growth forecast for Vietnam to 6.3 percent, from 6.8 percent previously, in light of the worsening global COVID-19 outbreak. “We believe that the COVID-19 outbreak will heavily impact growth in the first half of the year, mainly due to disrupted supply chains in the region which would weigh heavily on manufacturing and weak tourist arrivals as well as general domestic fears of infection which would drag on services activity,” analysts of the global financial information services provider said in a report released on February 25. "That said, our forecasts currently factor in our assumption of a gradual subsiding of the virus outbreak in the second half of 2020, which underpins our view for a sharp rebound in trade activity as supply chains and tourism activity normalises." Fitch forecast Vietnam’s large manufacturing sector (accounting for 16 percent of the … [Read more...] about Vietnam’s growth under pressure from global COVID-19 outbreak

Hanoi (VNA) - Laos has earned more from rice exports to China in the past few years due to trade preference arrangements between the two countries. In 2017, Laos raked in 5.6 million USD from rice exports to China. This figure increased to 7.25 million USD in 2018 and to 14.54 million USD last year, according to the Lao Ministry of Industry and Commerce. The Chinese market has become more attractive to businesses across a range of fields. This is driven by rapidly changing demographics in China, along with rising incomes, increased consumer spending and an increasingly open business environment. The trade preferences which Laos and China are party to include the ASEAN-China Free Trade Agreement (ACFTA). As a result, trade growth between Laos and China has sharply increased, particularly under the ACFTA. Laos has an export quota of 50,000 tonnes of polished rice from the Chinese government. However, the effects of natural disasters may pose challenges for Lao rice exporters in … [Read more...] about Laos earns more from rice exports to China

Shoppers inspect meat at a supermarket. As many as 460 firms from the United States have been licensed to ship meat and meat products to Vietnam - PHOTO: VNA HCMC - As many as 460 firms from the United States have been licensed to ship meat and meat products to Vietnam, while 210 others have registered for seafood exports to the country, the Ministry of Agriculture and Rural Development said on February 25, ensuring new suppliers for the local market to ease shortages. … [Read more...] about Hundreds of U.S. firms licensed to export meat to Vietnam