Tuna export revenue surges 21%

Harvesting coffee in Dak Lak (Source: VNA)   Dak Lak (VNA) – The Central Highlands province of Dak Lak has attracted many official development assistance (ODA) and foreign direct investment (FDI) projects as well as non-governmental assistance, including funds from the Republic of Korea (RoK). The provincial Department of Planning and Investment reported that Dak Lak now houses three ODA projects valued at a total 12.5 million USD funded by the Korea International Cooperation Agency. Two other projects worth 47.3 million USD cover food, cosmetics and medicine production and solar power. Dak Lak recently held an investment promotion seminar in the RoK’s Joellabuk province with more than 40 businesses participating. During the seminar, Solarpark Global I&D of the RoK inked a memorandum of understanding with Dak Lak on a solar power project, and asked for the province’s licence to carry out another project worth 45 million USD. RoK firms have also invested in education, water supply and waste collection and treatment in Dak Lak. Such projects have helped the locality improve its infrastructure and reduce poverty, especially in remote, far-flung and ethnic minority-inhabited areas. The province wants RoK investments in high-tech agriculture, with priority given to projects in Ea Kpam commune and Ea Pok town in Cu Mgar district, and Ea Tu and Hoa Xuan communes in Buon Ma Thuot city. In the first six months of this year, Dak Lak lured 29 investment…... [read more]

Hanoi, August 4 (VNA) – Vietnam’s tuna export turnover rose 21 percent year-on-year to hit 271 million USD in the first half of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).  Tuna fillet was the key earner, accounting for more than 48 percent of total tuna exports, followed by canned tuna (30 percent) and other processed tuna (15 percent).  Vietnam exports tuna to 97 countries and territories across the globe, with the US, the EU, Israel, ASEAN, Japan, Canada, China and Mexico the major markets. Those countries accounted for 88 percent of total tuna export value in the first six months.  Notably, tuna shipments to Mexico rose 125 percent, with the country surpassing Canada and China to become Vietnam’s sixth largest tuna importer.  Despite the impressive growth, tuna exports are encountering difficulties in raw materials and import duties in some key markets.  VASEP has proposed the Directorate of Fisheries under the Ministry of Agriculture and Rural Development develop purse seine fishing.  It suggested the Directorate of Fisheries and the Ministry of Agriculture and Rural Development work with the Ministry of Industry and Trade (MoIT) to reach an agreement with the EU on a quota for tuna exports to the market.  VASEP also requested the MoIT consider reducing tariffs on tuna exports to Japan to zero percent like Thailand and the Philippines to improve the competitiveness of Vietnamese products. VNA/VNP ... [read more]

Vietnam’s tuna export turnover rose 21 percent year-on-year to hit 271 million USD in the first half of the year. (Photo: VNA) Hanoi (VNA) – Vietnam’s tuna export turnover rose 21 percent year-on-year to hit 271 million USD in the first half of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Tuna fillet was the key earner, accounting for more than 48 percent of total tuna exports, followed by canned tuna (30 percent) and other processed tuna (15 percent). Vietnam exports tuna to 97 countries and territories across the globe, with the US, the EU, Israel, ASEAN, Japan, Canada, China and Mexico the major markets. Those countries accounted for 88 percent of total tuna export value in the first six months. Notably, tuna shipments to Mexico rose 125 percent, with the country surpassing Canada and China to become Vietnam’s sixth largest tuna importer. Despite the impressive growth, tuna exports are encountering difficulties in raw materials and import duties in some key markets. VASEP has proposed the Directorate of Fisheries under the Ministry of Agriculture and Rural Development develop purse seine fishing. It suggested the Directorate of Fisheries and the Ministry of Agriculture and Rural Development work with the Ministry of Industry and Trade (MoIT) to reach an agreement with the EU on a quota for tuna exports to the market. VASEP also requested the MoIT consider reducing tariffs on tuna exports to Japan to zero percent …... [read more]

Garment raw materials and spare parts are items that Thua Thien-Hue had to import the most during the first seven months of the year. — VNA Photo The central province of Thua Thien-Hue earned US$474.7 million from shipping products to other countries in the first seven months of the year, a year-on-year surge of 24.88 per cent. Of the total, $268.2 million was contributed by the foreign-invested sector, up 28.3 per cent, and $137.4 million by the local private sector, up 30.54 per cent, compared with figures of the corresponding period last year. The United States continued to be the province’s largest importer, accounting for 44 per cent of the province’s export revenue. Along with traditional markets such as China, the European Union, Japan, the Republic of Korea and Taiwan, local products were also exported to Cambodia, India, Slovakia and Sri Lanka.  Key earners, including industrial processed products, agro-forestry-fishery products, fuel and minerals, as well as beer, sake, fine art and crafts, recorded strong growth. Notably, the export of aquatic products doubled to $16 million.  The province also spent $303.9 million on purchasing goods from other countries, increasing 8.35 per cent from the same time last year. Most of the imported items were garment support materials and spare parts, with China still the main source of these imports. Import expenses of local State-owned enterprises and private firms accounted for 18.4 per cent and 30.1 per cent of the total spending, respectively,…... [read more]

NDO – Leaders of southern Ba Ria-Vung Tau province held a dialogue with local businesses and investors on August 3, in order to listen to and address their concerns. At the conference, relevant departments, sectors and units replied to 24 questions raised by 13 enterprises, including nine questions concerning land, natural resources and the environment; four questions relating to tax issues; four on the field of fisheries; and seven regarding customs issues. On the basis of the answers, provincial leaders continued assigning these units to closely follow and definitely deal with existing obstacles. Le Dinh Thang, Director of DIC4, asked for the province’s support measures as the costs for power access, land clearance and land use tax still remain high, causing difficulties for enterprises. He also suggested that the provincial authorities promote the “No delay” culture in State agencies to deal with the situation of indifference in processing the dossiers and administrative formalities for businesses. In the previous dialogue held in late 2016, Ba Ria-Vung Tau received 55 recommendations from 33 companies across many fields. The provincial People’s Committee has directed departments, sectors and localities to process those recommendations and report the handling progress and outcomes to each firm. With regards to a number of requests relating to regulations, mechanisms and policies outside the province’s jurisdiction, the provincial People’s Committee has directed departments and sectors to submit these requests to the Government in order to be addressed in the near future.... [read more]

PM Nguyen Xuan Phuc has encouraged Vietnamese and Tanzanian businesses to strengthen connectivity and trade activities, in order to reach the target of US$1 billion in bilateral trade in the near future. The Government leader made the remark while receiving Tanzanian Minister for Industry, Trade and Investment, Charles J. Mwijage and Minister for Agriculture, Livestock and Fisheries, Charles J. Tizeba, in Ha Noi on August 2. He congratulated Tanzania on its maintenance of an average economic growth rate of over 6% during the past decade, and expressed his wish that the country will successfully realize the targets set in its “Vision 2025” with big projects. He also thanked Tanzania for supporting Viet Nam’s past struggle for national liberation as well as for facilitating Vietnamese firms’ business and investment activities in the country, including Halotel, a joint venture of Viet Nam’s military-run telecom group Viettel with Tanzania. For his part, Minister Mwijage stated that the visit reflects the friendship and cooperation between the two countries over the past five decades, which, he said, has been developing strongly, as seen in their economic ties and business-to-business exchanges. He highly appreciated Viet Nam’s foreign policy in expanding collaboration with African nations, including Tanzania – one of the fastest growing economies in Africa over the last decade, thanks to strong economic reforms. Congratulating Tanzania on its economic achievements, PM Phuc affirmed that the Vietnamese Government will actively inform domestic businesses about Tanzania’s export processing…... [read more]

NDO – Improper use of antibiotics in breeding will result in antibiotic resistance and residues in food that causes more potential risks for consumers’ health and livelihood. This was stated at a conference on antibiotic management in Hanoi on August 2. Hosted by the Ministry of Agriculture and Rural Development (MARD) in collaboration with the US Agency for International Development (USAID) and the Food and Agriculture Organisation (FAO) of the United Nations, the workshop aims to implement Vietnam’s National Action Plan for management of antibiotic use and antibiotic resistance in livestock and aquaculture for the 2017-2020 periods. With funding from USAID, this plan was developed with technical assistance from FAO to orient agricultural activities and operations of agencies under the MARD, as well as supplement the Ministry of Health's National Action Plan for Drug Resistance during 2013-2020. The plan is expected to contribute to reducing the risk of drug resistance to the community in relation to the use of antibiotics in livestock and aquaculture in Vietnam. The National Action Plan has specific objectives of reviewing, and implementing regulations regarding policies related to antibiotic resistance and antibiotic use in livestock and aquaculture. Another objective of this plan is to raise awareness concerning the use of antibiotics and the risk of antibiotic resistance formation for technicians and professionals working in the field of agriculture and food, as well as farmers and consumers; applying good practices in medical examination and treatment, professional practice in animal feed production, and employing the best practices in…... [read more]

Banks disburse VND9 trillion for fishing boat building programThuy Dung HANOI – Commercial banks have disbursed VND9 trillion (US$400 million) to build 761 new offshore fishing boats and upgrade 40 deteriorating ones under a program launched three years ago by the Government. However, the program’s success has been discounted by recent irregularities over the building of steel vessels in central provinces, heard a conference held by the Ministry of Agriculture and Rural Development in Hanoi on August 1. At the conference to review the implementation of the Government’s Decree 67/2014/ND-CP dated July 7, 2014, representatives of coastal provinces said 761 fishing boats had been put into use under the program, including 301 steel, 53 composite and 407 wooden ships. Banks have signed credit deals to lend more than VND9.9 trillion to build and upgrade fishing boats, and have disbursed over VND9 trillion. The outstanding loans for fishermen as of now total some VND8.8 trillion, up 15.2% versus the end of last year. Vu Van Tam, Deputy Minister of Agriculture and Rural Development and director of the Vietnam Directorate of Fisheries, said the program has made significant contributions to the socio-economic development, helping fishermen boost offshore fishing activity. However, many shortcomings have been found. Several steel fishing boats built for fishermen in Binh Dinh, Quang Nam, Thanh Hoa and Ninh Thuan provinces have deteriorated quickly, causing heavy losses for these fishermen and badly affecting the country’s policy. Specifically, 40 steel fishing boats built under Decree 67 have seen their hulls, decks…... [read more]

Illustrative image (Source: VNA) Hanoi (VNA) – Deputy Minister of Agriculture and Rural Development Le Quoc Doanh held a working session in Hanoi on August 2 with Vice Minister for Agriculture and Food Security of Mozambique Luisa Caetano Meque to discuss promoting agricultural ties.  Doanh said Vietnam is willing to share experience with Mozambique in rice and soybean production, and has partnered with several African countries to successfully develop agriculture. He also suggested seeking funding from the third parties for their projects. Meque, for her part, spoke highly of joint projects on growing agricultural plants in Mozambique, saying that Vietnamese rice varieties grown in the African country generate yields beyond expectations. Mozambique wants to work with scientists to study short-season varieties that are resistant to drought, pests and salinity, and partner with Vietnam to build a cashew nut processing plant using Vietnamese technology in the African country, she said. She added that Mozambique is strong in cotton cultivation with a total capacity of 80,000 tonnes per year and invited Vietnamese fiber plants to get involved. The guest said Mozambique will also cooperate with Vietnam in fisheries in the near future. According to her, agriculture is one of the four important areas set by the Mozambican government. She expressed her wish that more Vietnamese firms will invest in agriculture in the country.-VNA ... [read more]

NDO/ VNA - Prime Minister Nguyen Xuan Phuc voiced his hope for stronger trade and investment ties between Vietnam and Tanzania, while receiving two ministers from the African country, in Hanoi on August 2. Talking to Minister for Industry, Trade and Investment, Charles J. Mwijage and Minister for Agriculture, Livestock and Fisheries, Charles J. Tizeba, he lauded Tanzania’s maintenance of an average economic growth rate of over 6 percent during the past decade and expressed his wish that the country will successfully realise the targets set in its Vision 2025. He thanked Tanzania for supporting Vietnam’s struggle for national liberation in the past and for facilitating the investment and business activities of Vietnamese firms, including Halotel – a joint venture of Vietnam’s military-run telecommunications group Viettel with Tanzania. Minister Mwijage said the two countries’ cooperation is developing strongly, as seen in their economic ties and business-to-business partnerships. He highly valued Vietnam’s expansion in cooperation with African nations, including Tanzania – one of the fastest growing economies in Africa, over the last decade, due to strong economic reforms. He called on Vietnamese enterprises to invest in apparel, footwear, vegetable, plant oil and cement production in his country’s economic and industrial zones. Congratulating Tanzania on its economic achievements, PM Phuc promised that the Vietnamese Government will step up providing businesses with information concerning export processing and special economic zones of Tanzania, so that they can consider investment in agricultural and aquatic product processing, electronic products, consumer goods,…... [read more]




Links Topics : http://news.c10mt.com/2017/08/tuna-export-revenue-surges-21.html