Vietfish 2017 kicks off in HCM City

Coffee exports in the first eight months are estimated at 1.02 million tonnes and $2.33 billion, down 19.9 per cent ​​in volume, but up 3 per cent in value over the same period last year. — Photo vccinews.vn The total export value of agricultural, forestry and fishery products in the first eight months of this year hit US$23.66 billion, a year-on-year increase of 13.5 per cent, according to statistics of the Ministry of Agriculture and Rural Development (MARD). Specifically, export value was $12.6 billion from main farming products, up 17.2 per cent; $5.13 billion from seafood products, up 18.1 per cent; and $5.07 billion from forestry products, an increase of 9.6 per cent compared with the same period last year. MARD said in August alone, total export value was estimated at $3.1 billion. The strongest increase was witnessed in the rubber sector with a surge of 11.2 per cent in volume and 52 per cent in value over the same period in 2016. Specifically, the export volume of rubber in August was estimated at 160,000 tonnes at the value of $243 million, increasing the volume of rubber export in the first eight months to 795,000 tonnes and value to $1.36 billion. The fruit and vegetable sector continued to show strong growth, with a 46.5 per cent increase in value against the same period in 2016. In August, the export value of vegetables and fruits was estimated at $296 million, contributing to the…... [read more]

For 25 years of re-establishment (1992 - 2017), Soc Trang province has attained important achievements, created a new appearance to urban and rural areas, significantly improved the material and spiritual life of the people, and highly uplifted the position and strength of the province. In the following conversation with us, Mr Tran Van Chuyen, Chairman of the Soc Trang Provincial People’s Committee, affirmed that “The Party, the government, the armed forces and the people of Soc Trang province will make a greater effort to successfully achieve the goal of industrialisation and modernisation to become a relatively developed province in the Mekong Delta by 2020.” Hoang Lam reports. After 25 years of re-establishment, Soc Trang province has effectively utilised and promoted available advantages and resources in the course of provincial construction and development, and achieved important socio-economic development outcomes. Would you mind introducing remarkable socio-economic development results in the past 25 years? Firstly, the economy has been constantly grown and the economic structure has shifted in a positive direction. For the past 25 years, the average annual economic growth rate has been over 10 per cent. Gross domestic product (GDP) in 2016 was 11 times higher than that in 1992. The economic structure has shifted towards a desired pattern, with industry and service holding greater shares. Secondly, all economic sectors have developed rapidly. In agriculture, rice output has increased over time. In 1992, the rice output was less than one million tonnes but it…... [read more]

Seafood exports in the second half of the year are expected to rise by 11 per cent to US$4.46 billion, according to the Viet Nam Association of Seafood Producers and Exporters (Vasep).— VNA/VNS Photo Seafood exports in the second half of the year are expected to rise by 11 per cent to US$4.46 billion, according to the Viet Nam Association of Seafood Producers and Exporters (Vasep). Speaking at a Vasep plenary meeting in HCM City yesterday, its general secretary Truong Dinh Hoe said exports had shown good signs of growth in the first half and are expected to top $8 billion for the year, he said. Shrimp shipments alone are expected to be worth $3.5 billion, a year-on-year increase of 12 per cent, he said. Shrimp exports to China and the United States would remain very strong thanks to high demand there while exports to the EU and Japan would remain steady, he said. Tra fish exports are expected to be worth $952 million in the second half, an increase of 3 per cent year-on-year, with shipments to China expected to grow by 50-60 per cent while the United States and EU would reduce their buying by 10-15 per cent and 5 per cent, respectively, he said. Jiro Takeuchi of Bonmea GmbH said he sees an opportunity in Europe for small-sized and certified shrimp. There is an increase in demand for ASC (Aquaculture Stewardship Council) certified shrimp, he said. Le…... [read more]

The Vietnam-Eurasia Economic Union free trade agreement, which took effect last October, will cut 90% of tariffs and improve competitiveness for the goods of both sides. Last year two-way trade turnover between Vietnam and Russia reached US$2.7 billion, of which Vietnam earned US$1.7 billion from exports to Russia, up 12%. In the first half of this year, the bilateral export turnover continued to grow, fetching nearly US$1.7 billion, up 26.5%. Vietnam’s exports to Russia were valued at US$1.2 billion, up 34%. Aquatic products, vegetables, coffee, cell phones, and accessories were among hard currency earners. Duong Hoang Minh, Vietnamese Trade Councilor in Russia, says that in addition to the advantage of tax reductions, another factor is giving Vietnamese exports to Russia a boost. He noted that “Both sides have exchanged many high-ranking delegations, most recently the delegation led by the Vietnamese State President to Russia at the end of June and early July. During these visits, many economic agreements and contracts have been signed, laying a foundation for future economic cooperation between Vietnam and Russia. In addition, trade promotion activities and trade fairs have been held at Hanoi Trade Center in Moscow.” Since the beginning of this year, the Vietnamese Embassy in Russia has organized programs to link localities of Vietnam and Russia so their business communities can better understand each other’s market and increase cooperation. Garment No 10 Corporation is one Vietnamese company that has established business relations in the Russian…... [read more]

NDO/VNA – Vietnam’s southern largest economic hub of Ho Chi Minh City and China’s Guangdong province hold a wide range of potential for stronger trade and investment ties, participants remarked at a conference held in the city on August 18. Chu Tien Dung, Chairman of the Ho Chi Minh City Enterprises Association, said that economic relations between Vietnam and China have been developing positively, laying an important foundation for HCM City’s businesses and their partners in Guangdong to step up trade and investment cooperation in the time ahead. Ho Chi Minh City wants to increase their two-way trade value with Guangdong, as the city has a lot of advantages in producing electronic equipment and components, wood and wooden furniture, agricultural and aquatic products, garments and textiles. Meanwhile, Guangdong enterprises have opportunities to export advanced machinery, as well as materials used in agricultural and industrial production, to the Vietnamese market. Le Thi Quynh Mai, Deputy Director of the municipal Department of Planning and Investment, said the city wants to cooperate with its foreign partners, including those from Guangdong, to develop key industrial sectors, supporting industries, infrastructure, and green and renewable energy. She stressed that the municipal authorities are working hard to improve the local business and investment climate by accelerating administrative reform and offering tax and land incentives. Wen Zhi Yao, general secretary of the Guangdong trade promotion association, said that Vietnam is an emerging market in Southeast Asia, with various advantages, such as steady economic…... [read more]

Illustrative photo (Source: VNA) HCM City (VNA) – Vietnam’s southern largest economic hub of Ho Chi Minh City and China’s Guangdong province hold a wide range of potentials for stronger trade and investment ties, participants remarked at a conference held in the city on August 18. Chu Tien Dung, Chairman of the HCM City Enterprises Association, said economic relations between Vietnam and China have been developing positively, laying an important foundation for HCM City’s businesses and their partners in Guangdong to step up trade and investment cooperation in the coming time. HCM City wants to increase two-way trade value with Guangdong as the city has a lot of advantages in producing electronic equipment and components, wood and wooden furniture, agricultural and aquatic products, garments and textiles. Meanwhile, Guangdong enterprises have opportunities to export advanced machinery as well as materials used in agricultural and industrial production to the Vietnamese market. Le Thi Quynh Mai, Deputy Director of the municipal Department of Planning and Investment, said the city wants to cooperate with foreign partners, including those from Guangdong, to develop key industrial sectors, supporting industry, infrastructure, and green and renewable energy. She stressed that the municipal authorities are working hard to improve the local business and investment climate by accelerating administrative reform and offering tax and land incentives. Wen Zhi Yao, general secretary of the Guangdong trade promotion association, said Vietnam is an emerging market in Southeast Asia, with various advantages such as steady economic …... [read more]

Normal 0 false false false MicrosoftInternetExplorer4 This goal is defined in the Vietnam commodity export competitiveness improvement scheme to 2020, with a vision to 2030, recently approved by the Prime Minister. The specific objective of the 2016 - 2020 period is to achieve an average annual commodity export growth of 8 per cent. The commodity export value in 2020 will more than treble that in 2010, equalise the trade balance in 2020 and reach a trade surplus in 2021-2030. At the same time, the Government also aims to increase the added value of agricultural and aquatic products by 20 per cent on average from the current level. Vietnam will gradually raise the share of agricultural and aquatic exports to developed markets (e.g. the European Union, Japan and South Korea). After 2030, an average commodity export growth will be 9 -10 per cent annually from the 2021 - 2030 phase. Prioritised items subject to enhancing competitiveness include agricultural and aquatic products like rice, coffee, rubber, seafood and black pepper; manufactured industrials like garment and textile, footwear, woodwork, mobile phones, computers, electronic products and components; and raw materials used for garment and textile, leather and footwear, plastic, fertiliser and chemical industries. Market policies and solutions In order to successfully achieve these objectives, main solutions have been introduced, including reshuffling production by transforming production and export methods; changing export structures in the direction of raising the share of…... [read more]

Harvesting rice in Vi Thanh commune, Vi Thanh district of the Mekong Delta province of Hau Giang (Photo: VNA) Singapore (VNA) – There remains considerable potential for Vietnam to export rice to Singapore, according to a Vietnamese delegation which visited Singapore in early August to seek ways to boost the shipment of agricultural products to this country. The delegation included representatives from the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, the Vietnam Food Association, along with eight leading rice exporting companies. They had working sessions with relevant agencies of Singapore such as the Ministry of Trade and Industry (MTI), the International Enterprise Singapore (IES) and the Agri-Food and Veterinary Authority (AVA) to learn about the management policy, the export-import situation and the transit mechanism for rice in Singapore. The Vietnamese delegation also met representatives of local biggest retail chains like NTUC Fair Price, Giant and Sheng Siong to set up relations and learn about ways to directly export Vietnamese goods to these supermarkets, instead of via foreign traders. Le Xuan Minh, a representative of the Vietnam Northern Food Corporation, said they found that Singapore has great potential and demand for Vietnam’s high-quality rice products, especially fragrant rice. Meanwhile, the Singaporean side also highly evaluated the quality of Vietnamese agricultural products, noting that a large number of Vietnamese goods such as rice, aquatic products, fruits and vegetables are being sold at their supermarkets. [Infographics: Vietnam revises up rice…... [read more]

Lack of coordination affects industrial development plans in southern VietnamHung Le HCMC – A lack of coordination, plus limited finances and low feasibility, has rendered industrial development plans ineffective in southern Vietnam, heard a conference in HCMC last week. The conference on industrial development in southern cities and provinces was organized by the Agency for Regional Industry Development under the Ministry of Industry and Trade, and the HCMC Department of Industry and Trade. Deputy head of the agency Do Thi Minh Tram said a slew of industrial promotion programs focus on conventional activities. She said certain industrial growth stimulus schemes are not realistic in rural areas, so some have been adjusted or even halted. Shortages of facilities, equipment, manpower and finances are major setbacks for industrial  promotion activities in southern localities. As a result, representatives of industrial promotion centers expressed concern that their plans cannot be accomplished this year. Disbursement of State capital in the first six months of this year met a mere 18.9% of the full-year target, she noted. Ba Ria-Vung Tau and Soc Trang provinces have yet to start their disbursement process while others like Tay Ninh, Tien Giang and Hau Giang have achieved 1-6% of their all-year goals. Although industrial promotion activities were first carried out more than 10 years ago, there is no complete legal framework. Tran Quoc Tuan, director of Tra Vinh Province’s Department of Industry and Trade, said trade promotion plans should pay special attention to facilitation of agricultural and aquatic product consumption…... [read more]

Foreign Minister Pham Binh Minh holds a bilateral meeting with Lao FM Saleumxay Kommasith (Source: VNA) Manila (VNA) – Foreign Minister Pham Binh Minh had bilateral meetings with his counterparts from Singapore, Indonesia, the Philippines, Australia, and Laos in Manila, the Philippines, on August 5, on the sidelines of the 50th ASEAN Foreign Ministers’ Meeting (AMM 50) and related meetings. Meeting Singaporean FM Vivian Balakrishnan, both officials agreed on measures to accelerate the implementation of high-level commitments to achieve joint concrete benefits. Vivian Balakrishnan stated that Singapore will work with Vietnam for the successful APEC Year 2017, especially the APEC Economic Leaders’ Week in Da Nang in November. Meanwhile, Minh and Indonesia’s FM Retno Marsudi asserted the importance of maintaining contacts and high-ranking meetings, to bring bilateral ties to a new height. Minh suggested the two countries coordinate in protecting their fishermen, combating criminals at sea, while asking Indonesia to handle the issues of arrested fishing boats and fishermen humanely. At the meeting with the Philippine FM Alan Peter Cayetano, Minh affirmed that Vietnam supports and works with the Philippines in its ASEAN Chair in 2017 in speeding up the ASEAN Community building process, reinforcing the bloc’s solidarity, and safeguarding the grouping’s central role in tackling regional issues. He asked the Philippines to work to ensure safety for Vietnamese nationals being held by terrorists in the country as well as hasten the accomplishment of necessary procedures for the entry of Vietnamese…... [read more]




Links Topics : http://news.c10mt.com/2017/08/vietfish-2017-kicks-off-in-hcm-city.html