Vietnam fish market

The Vietnamese government issued a resolution on solutions to accelerate tourism recovery and develop tourism sustainably and effectively on Thursday, moving toward turning Vietnam into one of the world’s 30 leading countries with the highest tourism competitiveness. As per the resolution, the government tasks the Ministry of Public Security with completing the immigration policy and creating more favorable conditions for foreign visitors to enter, stay in, and leave the country. Besides, the ministry is also in charge of expanding the list of nations eligible for e-visa application. The government will also propose the lawmaking National Assembly extend the e-visa validity to 90 days from 30 days to lure international tourists, especially those who want to stay long in Vietnam. Besides, many tourism experts and travel firms have put forward numerous measures to woo international travelers to Vietnam. Le Truong Hien Hoa, deputy head of the Ho Chi Minh City Department of … [Read more...] about Vietnam looks to be among 30 most competitive tourism nations worldwide

Nguyen Buu Loc, residing in Phu Quoc City of Kien Giang Province, southern Vietnam, and his wife started raising crabs in plastic boxes due to exhausted seafood resources at sea and have generated high returns. Loc said the Rach Tram River in the namesake hamlet of Bai Thom Commune, Phu Quoc City is some seven kilometers long. Along the banks of the river, there are a lot of melaleuca and mangrove trees, among others. Crabs in the river have black bodies, red pincers, and tough meat. They also grow fast and hold high economic values. Loc used nets to fence around mangroves on the bank of the river, erected more wooden poles to fix the nets, and dropped plastic boxes of crabs into the river. The crabs’ food is small fish. Loc feeds them twice a week. Crabs in the Rach Tram River in Phu Quoc with black bodies, red pincers, and tough meat are preferred in the local market. Photo : Chi Cong / Tuoi Tre “There are crabs in the Rach Tram River, so my wife and I … [Read more...] about Family on Vietnam’s Phu Quoc earns big by farming crabs in plastic boxes

The Slovenian government highly values Vietnam’s advantages of robust market growth, human resources, and business and investment environment, Slovenian Deputy Prime Minister and Foreign Minister Tanja Fajon told a meeting with Vietnamese Prime Minister Pham Minh Chinh on Tuesday. Many leading Slovenian firms have shown interest in the Vietnamese market and have entered the country to sound out cooperation and investment opportunities, said the Slovenian foreign minister. She affirmed that Slovenia always expects to deepen the traditional friendship and partnership with Vietnam, which is one of the former’s key trade partners. At the reception for the top Slovenian official, Prime Minister Chinh underscored that Vietnam attaches much significance to the multifaceted cooperation with Slovenia. The prime minister proposed Slovenia further smooth the path for Vietnamese products such as electronics, apparel, and farm produce to enter the Slovenian and European Union markets. … [Read more...] about Slovenia appreciates Vietnam’s investment climate

Vietnam’s dried and canned fish exports experienced an increase in revenue, despite the downturn in the overall seafood products in January-May, according to the most recent data released by the Ministry of Agriculture and Rural Development. The ministry’s figures showed that seafood exports amounted to US$3.47 billion during the five-month period, indicating a decline of 25.9 percent over the same period last year. Falling imports from major markets such as the U.S., EU, China, and South Korea contributed to the overall drop. The most substantial decline was observed in the U.S. market, with a reduction of over 50 percent. Amidst the overall slump in seafood exports, dried fish and canned fish emerged as a positive aspect, exhibiting higher export turnover in comparison to the corresponding period in 2022. In April, the exportation of various types of dried marine fish witnessed a significant increase of 65 percent in revenue, reaching a value of nearly $26 million. In … [Read more...] about Vietnam’s dried, canned fish exports buck seafood downtrend

Of the measures, the implementation of the Law on Fisheries is a key part of the inspection relating to fishing activities. Relevant parties, particularly the border guards, the coast guards, and the Ministry of Agriculture and Rural Development have been jointly raising the awareness of law compliance for fishermen. In the Southern region, the Coast Guard Region 4 Command has conducted many communications activities to raise awareness on IUU fishing. From the end of March, it and the Agriculture and Rural Development in Ben Tre province organized events providing local fishermen with proper information on the prevention of IUU fishing, measures to verify and handle violations, the basic content of the Law on Coast Guard 2018, legal documents on prevention and combat of IUU fishing, and the situation of fishing vessels/fishermen in the area violating foreign waters, consequences, causes, and solutions. Border guards and other agencies are actively monitoring and inspecting … [Read more...] about Joint efforts exerted to fight IUU fishing

Welcoming the Czech delegation, Nguyen Duc Hai affirmed that Vietnam attaches importance to the friendship and multifaceted cooperation with traditional friends, with the Czech Republic being a priority partner. Bartosek stated the Czech Republic treasures the time-tested friendship between the two countries, views Vietnam as the most important partner in Southeast Asia, and hopes to promote bilateral cooperation in multiple spheres. The two sides expressed their delight at the progress in their countries’ relations over the past years as seen in cooperation and delegation exchanges in many fields and at levels, especially the visit to Vietnam by Czech Prime Minister Petr Fiala from April 20 to 22, 2023, helping strengthen the mutual trust and understanding between the two countries’ leaders and people. They applauded the results of cooperation in such fields as economy - trade, science, education - training, and culture. Vice Chairman Hai called on both countries to maximize … [Read more...] about Legislative bodies of Vietnam, Czech Republic reinforce cooperation

Vehicles at Kim Thanh International Border Gate in the northern mountainous province of Lao Cai.(Photo chinhphu.vn) Hanoi (VNS/VNA) - The quantity of Vietnamese agricultural goods exported to China via border gates in the northern mountainous province of Lao Cai has witnessed a significant upswing this year, surpassing figures from previous years. The newfound export surge can be attributed to China's recent modifications in its COVID-19 prevention policies, leaving farmers in a state of anticipation. Vang Kim Sinh, a farmer of Tan Tien Hamlet, Trinh Tuong commune, Bat Xat district said he and his neighbours have shifted to plant bananas instead of cassava to earn a living in recent years. The technique of growing bananas is simple, bringing higher income than growing cassava, he said. He said since the beginning of this year he has sent several containers of bananas through Kim Thanh International Border Gate. One container contains about 3,300 boxes of bananas, he … [Read more...] about Farmers look to capitalise on increased agricultural product exports to China

Statistics from the five major listed seafood firms, Vinh Hoan Corporation (VHC), Nam Viet JSC (ANV), International Development and Investment JSC (IDI), Minh Phu Seafood Corporation (MPC), and Sao Ta Foods JSC (FMC), show that in the first quarter of this year these firms saw 23.4 per cent drop in revenue, and an 80.4 per cent plunge in profit, on average compared to Q1/2022. MPC, Vietnam’s largest shrimp producer, saw its revenue drop by almost half last quarter to $92.28 million, and after-tax losses of $4.27 million, compared to a $3.96 million profit for the same period last year. This is the first quarter that MPC has reported a loss since the company went public in 2017. Vietnam’s largest exporter of basa fish, VHC, posted $96.5 million in revenue, down 32 per cent on-year, and a $9.5 million profit, a dip of 60 per cent, with the gross profit margin ratio falling sharply from 23.8 per cent to 17.3 per cent. Seafood exporters are under mounting pressure in the … [Read more...] about Seafood sector feeling the bite amid high inflation

Illustrative photo (Photo: tasnimnews.com) Jakarta (VNA) – Indonesia and Iran will sign a preferential trade agreement (PTA) on May 23 to improve trade relations and boost the trade transaction value, Indonesia’s Trade Ministry announced on May 22. The ministry's director general of international trade negotiations, Djatmiko Bris Witjaksono said that it will be the second agreement between Indonesia and the Middle East region as the first was signed with UAE on July 1, 2022. According to Djatmiko, the PTA signing will be carried out within the framework of Iranian President Seyyed Ebrahim Raisi's visit to Indonesia from May 23 - 24. During his visit, the two countries will also hold a bilateral meeting to discuss further trade cooperation potential. The PTA signing will continue with the ratification process, with each country formulating its own mechanism. The products that will be listed in the PTA will include processed foods, pharmaceutical products, rubber, paper, … [Read more...] about Indonesia, Iran to sign preferential trade agreement

Checking quality of coffee before it is exported (Photo: VNA) Hanoi (VNA) - The conclusion of negotiations towards the signing of the Vietnam - Israel Free Trade Agreement (VIFTA) has opened up new and potential opportunities for Vietnam's exports, and now is time for businesses to understand Israeli people’s needs and tastes to promptly enter this new market, according to insiders. After seven years with 12 negotiation sessions, recently the Ministry of Industry and Trade (MoIT) announced that it had officially concluded VIFTA negotiations with the Israeli Ministry of Economy and Industry to reach agreements in accordance with both countries’ aspirations and interests. In the coming time, Vietnam and Israel will promote the final internal and legal works towards the signing of the agreement, which is expected to take place in 2023 in celebration of the 30th anniversary of the establishment of the two countries’ diplomatic relations, they said. Director of the MoIT’s … [Read more...] about FTA to offer big opportunities for Vietnamese exports to Israel: Insiders