Vietnams exports to the us

Workers process pineapple for export at the factory of the An Giang Agriculture and Food Import - Export Company. (Photo: VNA) Hanoi (VNA) – Vietnam has recorded impressive growth in exports to Hungary in recent years, statistics showed. Exports from Vietnam to Hungary increased eight-fold to 1 billion USD in 2020 from 124.2 million USD in 2016. The figure stood at 842.7 million USD in the first 10 months of 2021, up 5% year on year, according to data from the European country. Though shipments of agricultural and food products remain modest, the revenue posted a strong increase in the recent past as seen in some key exports. Vietnam exported almost 4.4 million USD worth of processed coffee to Hungary in 2020, surging 38-fold from four years earlier, and 7.13 million USD during January - October of 2021, up 85.6% year on year. Cashew nut exports grew 27.7% to nearly 2.4 million USD in 2020 compared to 2016, and 11.6% year on year to 2.2 million USD in the first 10 … [Read more...] about Vietnam’s exports to Hungary on the rise

Vietnamese firms shipped just US$509-million worth of goods to China through the border, a 87 percent dive year-on-year, according to customs data. Imports from China dropped by 52.5 percent to $3.64 billion. China’s zero-Covid strategy and tightened control of cross-border movement have had the biggest effect on trade, the Ministry of Industry and Trade said. Lack of transport, logistic and cross-border trade infrastructure worsened the situation, it added. Though trading through key border gates in the northern provinces of Lao Cai and Lang Son has resumed, customs clearance has yet to return to pre-pandemic levels. At Lang Son’s Tan Thanh Border Gate, Vietnam’s main point for fruit export to China, only 100 vehicles get customs clearance a day, a third of the pre-pandemic level. The ministry has warned that the border congestion could escalate if no measures are taken. China was Vietnam’s largest partner last year, with bilateral trade reaching $166 billion. Vietnam … [Read more...] about Vietnam-China border trade slumps on Covid restrictions

At the conference Speaking at a seminar to discuss solutions to boost Vietnam's fish sauce exports this afternoon in Hanoi, the Vietnam Association of Fish Sauce in collaboration with the Vietnam Cuisine Culture Association (VCCA) and Agrotrade under the Ministry of Agriculture and Rural Development held a seminar on ‘Promoting export exporting fish sauce - orientation and solutions’. According to the Vietnam Association of Fish Sauce, exporting fish sauce is the goal of manufacturers and traders in this industry globally. Vietnam is a country favored by nature and has a long experience in fish sauce production. According to the Agrotrade, the country currently has more than 4,200 fish sauce production facilities with an average output of nearly 380 million liters in 2020. In recent years, not only serving domestic consumption needs, Vietnam's fish sauce products are also promoting the application of science and technology and strict standards for ensuring safety and hygiene … [Read more...] about Vietnam oriented toward fish sauce export

Processing Tra fish (Photo: VNA) HCM City (VNA) – Seafood shipments overseas have risen in the first half of 2022, and experts say Tra fish exports can increase the market share in the EU, while that of shrimp has a lot of room for growth in Canada. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), as of May, the value of frozen Tra fish exports to the EU this year reached 76.8 million USD, up 95% year-on-year. This means the market has bounced back after a two-year downturn due to the COVID-19 pandemic. The Netherlands remains the biggest market in the EU for the Vietnamese products, while positive signals are coming from the shipment of frozen Tra fish to Germany, Spain, and Belgium. In addition to the bloc, Vietnamese Tra fish exporters have also stepped up their activities in Mexico, Egypt and Thailand. As of mid-May, Vietnam exports shipped to Mexico are at 45.6 million USD, up 70% year-on-year. VASEP said the Mexican market … [Read more...] about Seafood export takes larger bite out of foreign markets

Vietnam exports nearly 2.77 million tonnes of milled rice in the first five months of 2022. (Photo: VNA) Hanoi (VNA) – As many countries in the world have limited food exports to guarantee domestic food security , rice – a staple in most of Asia – is forecast to witness surging prices in the time ahead, which is said to be a chance for Vietnam – one of the world’s largest rice exporters. Vu Thi Hue, head of the export - import division of the Dai Duong Xanh Export - Import Co. Ltd, said while lower wheat output and higher production costs have forced many countries to seek alternatives, rice is a suitable choice with good prices. So a bright prospect could be seen for both export volume and prices in the time ahead. In the first five months of 2022, nearly 2.77 million tonnes of milled rice worth over 1.35 billion USD were shipped abroad, rising 6.6% in volume but declining 4% in value year on year, according to preliminary data from the General Department of Vietnam … [Read more...] about Bright outlook predicted for rice exports

Frozen shrimp production at a factory in the Mekong Delta province of Hau Giang. (Photo: SGGP) The country earned more than $3.2 billion from aquatic exports in the second quarter of 2022, an increase of 36 percent from the same period last year. According to VASEP, shipments of shrimp picked up 7 percent – a quite modest pace – to total $450 million as a result of input shortages. Though, the sector experienced a strong growth of 33 percent in H1 to bring home $2.3 billion, accounting for 40 percent of the total seafood exports. Several producers have raised the shipments of high value-added processed shrimp products, instead of raw ones, to major markets like Japan, the US and the EU as a way to address input shortages. Exports of lobster posted a record-high 30-fold surge year-on-year to $130 million. High inflation coupled with the Russia-Ukraine crisis have brought big opportunity for Tra fish from Vietnam this year. Sanctions on imports of Russian-caught whitefish in … [Read more...] about Aquatic exports spike 40 percent in H1

Wood products to be exported to the EU. — VNA/VNS Photo HÀ NỘI — Việt Nam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood exports in 2025, after it completes preparing necessary conditions, reported a Government official familiar with the sector. Bùi Chính Nghĩa, deputy general director of the Vietnam Administration of Forestry, reported the new developments at a June 17 workshop held by the administration, the Vietnam Timber and Forest Product Association, and the Association of Handicraft and Wood Industry of HCM City (HAWA). He pointed out that despite an annual double-digit growth rate, the country’s wood industry is still facing numerous challenges in 2022. Apart from the pandemic, escalating political tensions have caused more challenges to supply chains, soaring logistics costs and material prices have resulted in higher input costs. Inflation in key export markets … [Read more...] about Việt Nam to grant FLEGT licence to wood exports in 2025

A shop selling rice in Bangkok, Thailand. (Photo: AFP/VNA) Bangkok (VNA) -  The Federation of Thai Industries (FTI) has projected that Thai food exporters are likely to benefit from a global food shortage expected to intensify during the third and fourth quarters this year. According to Kriengkrai Thiennukul , chairman of the FTI, many countries might experience food shortages because such nations as India, Serbia, Kazakhstan, Kosovo and Egypt have restricted their exports, including wheat. A shortage of fertiliser and animal feed amid the ongoing Russia-Ukraine war resulted in lower crop yields, making stockpiling of food appear to be unavoidable. The FTI believed that the Thai food industry will benefit from this situation as purchase orders increase amid growing worries over the shortages. Thai food factories have prepared raw materials for food processing in order to meet increasing demand in the global food market, the chairman said. The federation said it is … [Read more...] about Thai food exports expected to grow well

Seafood exporters in Vietnam may find the second half of 2022 a challenging period compared to the first due to slowing global economic growth, despite a successful first half of the year, according to a conference held by the Vietnam Association of Seafood Exporters and Producers. Exports of seafood in the first five months of the year rose by around 42%, but they are expected to slow down for the second half of 2022. (Photo: VNA) Since the start of 2022, seafood businesses have been focusing on recovering their production, increasing exports and networking with partners after the COVID-stricken year of 2021. Exports of seafood in the first five months of the year reached 4.7 billion USD, a 42% increase year-on-year. During the conference held in HCM City on June 22, Truong Dinh Hoe, general secretary of the association, said that export prices grew by up to 15%, and markets grew around the world. The association has been focusing on helping … [Read more...] about Seafood exporters face challenging second half of 2022: conference

Being UAE’s most valuable brand certified by Brand Finance, ADNOC expressed its intention at a conference to cement its footprint in the Vietnamese market. To facilitate the goal, ADNOC has inked a deal with its local distributor Redachem Vietnam to unveil its ADNOC Voyager lubricant brand in Vietnam, which can be used for passenger cars, motorbikes, trucks, industrial lubricants, marine oils, and special lubricant products. The brand is not only suitable for many types of super-car engines but also safe for users on all roads. According to statistics of the Vietnam Petroleum Association, the country's lubricant industry posted an annual growth rate of 8-10 per cent with the consumption of 90,000 tonnes of lubricants per year. More than half of lubricants are consumed in the southern market, while the rest is consumed in the north and a few in the central region. Ranjan Guha, department manager of International Sales at ADNOC said, “Vietnam is not only a fast-growing market … [Read more...] about Abu Dhabi National Oil Company makes its foray into Vietnam