Steel and steel products are among Vietnam's major exports to Laos. (Photo: VNA) Hanoi (VNA) – Vietnam exported 97.4 million USD worth of goods to the neighbouring country of Laos in the first two months of 2019, a rise of 20.26 percent against the same period last year, according to the industrial and commercial information centre under the Ministry of Industry and Trade. The country’s major exports to Laos are oil and gas, steel and steel products, and means of transport, which, together, accounted for 40.84 percent of the total number, with 12.8 million USD coming from oil and gas. Trade turnover between Vietnam and Laos exceeded 1 billion USD in 2018, up 14 percent year-on-year, the centre said. Vietnam is Laos’ third largest trade partner, after Thailand and China. The Lao Government is gradually removing complex administrative regulations and procedures, reducing timing required for corporate establishment, cutting tax and upgrading infrastructure. The … [Read more...] about Vietnam exports 97.4 million USD of goods to Laos in Jan-Feb
Vietnam exports
Vietnam exports 3.5 billion USD worth of coffee in 2018
Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam exported more than 1.8 million tonnes of coffee worth some 3.54 billion USD in 2018, year-on-year rises of 20 percent and 1.2 percent respectively. The average export price of coffee reached 1,883 USD per tonne, down 15.7 percent versus 2017. The Ministry of Industry and Trade forecasts Vietnam will face difficulties in exporting coffee in the first half of 2019 due to low global prices and declining domestic coffee output. According to the Vietnam Coffee – Cocoa Association, Vietnam’s coffee output in the 2018 crop declined by about a fifth due to the impact of climate change and conversion to growing more high-yield crops.-VNA … [Read more...] about Vietnam exports 3.5 billion USD worth of coffee in 2018
Vietnam exports coal to China, then imports coal from China at high prices
VietNamNet Bridge - Vietnam buys coal from Indonesia at the price of VND1.6 million per ton, while coal from China is 6.6 times more expensive, at VND8.2 million. Vietnam exports valuable coal According to the General Department of Customs (GDC), in the first seven months of 2018, Vietnam increased crude oil imports by 544 percent in quantity and 670 percent in value. The coal imports also increased by 49 percent in quantity and 71 percent in turnover. The report of GDC released in May showed that the coal import price was VND2.67 million per ton, or VND330,000 lower than the export price. This shows that Vietnam exports valuable coal and imports low-quality products. While Vietnam could buy coal from Indonesia at VND1.6 million per ton, it had to pay VND8.2 million for every ton of imports from China. RELATED NEWS Chinese investors flock to Vietnam to develop coal-fired thermopower plants Coal imports/exports remain tricky problem for Vietnam Mai Nam … [Read more...] about Vietnam exports coal to China, then imports coal from China at high prices
Vietnam exports 1.8 million tonnes of petroleum in first seven months
Vietnam shipped 200,000 tonnes of petroleum in July, raising the total volume of exported petrol in the first seven months of 2018 to 1.8 million tonnes, bringing in US$1.14 billion. Vietnam shipped 1.8 million tonnes of petroleum in the January-July period The figures are an increase of 11.7 pct in volume and 41.1 pct in value compared with the same period of last year, according to the Ministry of Industry and Trade (MOIT). Data compiled by the MOIT’s Industry and Trade Information Centre shows that Vietnam’s petroleum exports to other Southeast Asian countries accounted for more than one third of its total petroleum exports. In the first half of 2018, Vietnam shipped 370,600 tonnes worth US$243.7 million to Cambodia, while the volume exported to China was 221,600 tonnes, bringing in US$153.5 million. During the same period, Vietnam exported 77,000 tonnes to Laos, 65,800 tonnes to Malaysia and 59,700 tonnes to the Republic of Korea. On the other hand, Vietnam … [Read more...] about Vietnam exports 1.8 million tonnes of petroleum in first seven months
Vietnam exports first batch of fresh pork to foreign market
Chairman of the Mavin Group David John Whitehead speaks at the ceremony to announce the export success in Hanoi on June 25 (Photo: VNA) Hanoi (VNA) – Mavin Group has become the first business in Vietnam to officially export fresh pork to a foreign market when the first batch was shipped to Myanmar, a success of not only the company but also the country’s animal farming sector. Mavin Group, a joint venture of Australia and Vietnam, and Japanese-invested Sojitz Vietnam held a ceremony on June 25 to announce the export success and sign a cooperation agreement. The pork shipment in late May, made in coordination with Sojitz Vietnam, is considered a success of the animal farming sector because this is the first time a company in Vietnam has satisfied another country’s technical and quality requirements to export pork. It is an important channel to bring agricultural products, especially animal products, of Vietnam to global markets. Deputy Minister of Agriculture … [Read more...] about Vietnam exports first batch of fresh pork to foreign market