Tra fish exports to Russia slump Export revenue of tra fish to the Russian market in the first 10 months of this year fell 31 percent compared to last year to 12.5 million USD, reported the Vietnam Association of Seafood Exporters and Producers (VASEP). According to the association, the sharp drop followed last year’s declining trend, and was likely to continue for the rest of 2019. VASEP said that in the last two years, Russia’s tra fish consumption has been modest, with unstable import prices. Meanwhile, the European country’s imports of frozen tra fish fillets have increased slightly by 3 percent, but that of frozen whole fish have fallen 29 percent./. Conference on boosting exports to China They were speaking at a recent conference on agricultural, forestry and seafood exports to China in Mong Cai City in the northern province of Quang Ninh. The conference was organised by the Ministry of Agriculture and Rural Development in collaboration with the People's … [Read more...] about BUSINESS NEWS HEADLINES DECEMBER 6
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Imports sustain China’s trade despite overall slowdown in growth
Imports of Basic & Industrial Raw Materials, Chemicals & Products and Temperature or Climate Controlled Goods remain positiveRise in exports of Machinery Parts coincides with growing focus on smart manufacturing and high-quality developmentSHANGHAI, CHINA - Media OutReach - 6 December 2019 - The DHL Global Trade Barometer (GTB) indicates a further contraction in world trade for the next three months, with China recording the weakest growth outlook compared to all surveyed GTB countries. China's ocean and air imports in certain sectors[1] look set to remain strong as domestic consumption drives the economy amidst an overall decline in trade growth, according to data from the DHL Global Trade Barometer released by DHL, the world's leading logistics company.The DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence and Big Data, revealed that China's trade index now stands at 42 points and therefore … [Read more...] about Imports sustain China’s trade despite overall slowdown in growth
Forestry, seafood export reaches record high
Workers of Minh Phú Hậu Giang Seafood JSC, a member of Minh Phú Seafood Corporation, at Hậu Giang Industrial Zone in the southern province of Hậu Giang prepare goods for export. Việt Nam hit US$9 billion in total export value of seafood products this year, a year-on-year increase of 8.4 per cent. — VNA/VNS Photo Vũ SinhViet Nam News HÀ NỘI — The Ministry of Agriculture and Rural Development said yesterday the total export value of forestry and seafood products reached a record high at about US$18 billion this year. Việt Nam gained $9 billion in total of seafood products this year, a year-on-year rise of 8.4 per cent, said Nguyễn Quang Hùng, deputy director of the ministry’s Directorate of Fisheries. He was speaking at a conference on production and business of the fishery industry this year and tasks in 2019 held in Hà Nội yesterday by the general department. The meeting heard how … [Read more...] about Forestry, seafood export reaches record high
Developing raw material areas essential for Vietnam’s agricultural growth
Despite having gained access to nearly 200 countries and territories with an annual turnover of US$40 billion, Vietnam still struggled to sustainably expand and develop markets for its agricultural commodities in harsh conditions. A tea plantation area in northern Thai Nguyen Province’s Dong Hy District. The plantation receives the National Fund for Tea Planting to expand production. Minister of Agriculture and Rural Development Nguyen Xuan Cuong pointed out the country’s disadvantages in increasing consumption of its agricultural products at the International Support Group Plenary Meeting 2019 in Hanoi yesterday. According to Cuong, Vietnam’s agriculture does not have effective productivity as most of farms are small in size, exposing the sector to threats of loss and crop failure, especially under the impacts of climate change. “Besides shrimp, catfish and milk, most of Vietnam’s agricultural products have very short value chains,” he … [Read more...] about Developing raw material areas essential for Vietnam’s agricultural growth
Broader digital application needed in agriculture
Digital technology is indeed being used in agriculture but is insufficiently widespread. The application of digital technology in agriculture varies greatly in Vietnam. In some sectors, digital technologies are used everywhere, while in others there is still much possibility for improvement. The dairy sector in Vietnam is a great example of where digital technologies are used. Even small-scale dairy farmers use digital technologies. In other sectors, though, their application remains limited. For example, in the small-scale production of vegetables, spices and fruit, it is not yet common to use digital technologies. The use of digital technologies in agriculture is a great way to improve farming. There are many benefits and improvement possibilities, for example lower production costs, less waste, less water consumption, and better quality. In other agricultural sectors, such as vegetable farming, high technologies could also improve the sustainability of farming. For … [Read more...] about Broader digital application needed in agriculture