Vietnam’s seven-month export revenue up 18.7 pct

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]

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]

Thua Thien-Hue shipped 474.7 million USD worth of products to foreign countries in the first seven months of the year. (Photo: VNA) Thua Thien-Hue (VNA) – The central province of Thua Thien-Hue shipped 474.7 million USD worth of products to foreign countries in the first seven months of the year, a year-on-year surge of 24.88 percent. Of the total, 268.2 million USD was contributed by the foreign-invested sector, up 28.3 percent and 137.4 million USD by the private sector, up 30.54 percent. The US continued to be the largest purchaser, accounting for 44 percent of the province’s export revenue. Along with traditional markets like China, the EU, Japan, the Republic of Korea and Taiwan, local products have been shipped to Cambodia, India, Slovakia and Sri Lanka. Key earners, including industrial processed products, agro-forestry-fishery products, fuel, mineral, beer, Sake, fine art and crafts recorded strong growth. Notably, exports of aquatic products doubled to 16 million USD. The province also spent 303.9 million USD purchasing materials from foreign countries, increasing 8.35 percent from the same time last year. Most of the imports were garment support materials and spare parts, with China still the main source of these imports. The province is targeting export growth of 15 percent per year during 2017-2020 and 1.25 billion USD in export revenue by 2020.-VNA... [read more]

The 11th National Assembly (NA) resumed its 10th session of in Hanoi on November 21 to discuss major contents of the agenda. Deputies focused their discussions on Vietnam’s accession to the World Trade Organisation, and gave their opinions to the question “How to seize opportunities and overcome challenges when Vietnam fully integrates into the world economy?” Regarding education and training, deputies emphasised the need to train highly skilled and knowledgeable human resources for international integration. Many deputies said that the key issue of the education sector is that it should strongly develop human resources in keeping with social demands. Some proposed that the government and the education sector should use part of its annual revenue to invest in training thousands of outstanding Vietnamese students who are selected to study in scientific and technological fields in foreign countries and then to play a key role in helping the education sector integrate into the world. Deputies also discussed the necessity of modernising rural areas, improving macro-management as well as helping businesses when they face tough competition in the international market. Regarding the agricultural and rural sector, many NA deputies raised questions about how the State will help farmers – the biggest labour force to compete with other countries in selling agricultural products. NA deputies called for more effective and appropriate investment in the construction of infrastructure facilities such as ports, irrigation and transport systems, agro-forestry-fishery development, breed research and technology transfer to help farmers enhance product quality. They also proposed further checking…... [read more]

Dung made the statement at a press briefing in Hanoi on December 7. He asked the WWF to reconsider its member organisations’ decision and publicise the criteria for placing Tra fish on the Red List, as well as correcting the false information supplied to European consumers. According to Intrafish, WWF member organisations in Germany, Austria, Switzerland, Belgium, Norway and Denmark have moved a number of Vietnam’s Tra fish products from the Orange List (products can be considered for use) to the Red List (products should not be used) in their 2010-2011 consumer guidance manual for the six EU countries. This is based on a recent survey conducted by an independent consultancy company hired by the WWF members in these countries to analyse over 100 aquatic species from all over the world under the newly-amended WWF criteria on sustainable development. The VASEP is worried that the incorrect assessment, which lacks scientific evidence, by some WWF member organizations will adversely affect Tra fish breeders, producers, and consumers, as well as WWF’s prestige. The VASEP is eager to provide necessary information and create the best possible conditions for WWF member organisations and experts to clarify the issue, said Dung VASEP Vice Chairman Dung said that over the past two years, Vietnamese administrators, researchers, and Tra fish breeders have worked closely with the WWF to draw up the criteria for sustainable Tra fish breeding. Therefore, the WWF must be aware of the advances made in breeding Tra fish in Vietnam. In addition, many breeding…... [read more]

According to the Ministry of Agriculture and Rural Development, several agricultural products have maintained stable growth in both volume and value, with some commodities seeing a strong surge, including coffee, cassava and products from cassava. In the reviewed period, the country shipped abroad 1.4 million tonnes of coffee worth US$3 billion, representing year-on-year rise of 37.7 percent in volume and 32.7 percent in value. The two largest export markets for Vietnamese coffee products were the US, accounting for 12.1 percent of the export value, and Germany, representing 12 percent. Cassava exports reached over 3.6 million tonnes, earning US$1.13 billion, up 58.5 percent in volume and 38 percent in value. Tea exports saw a positive signal with 110,000 tonnes shipped during ten months, worth US$182 million, year-on-year increases of 9 percent in volume and 8.8 percent in value. Pakistan remains the largest importer of Vietnamese tea. Wood and wooden products also saw a large increase of 19.3 percent in export value, earning US$3.8 billion. Most major export markets for Vietnamese wood and wooden products showed strong growth of 28.7 percent in the US, 19.7 percent in Japan and 7.2 percent in China. Meanwhile aquatic products registered only a slight increase of 1.7 percent in export value to over US$5 billion. However, export of this commodity was forecast to be up in remaining months of this year because of the increasing demand of importing countries. Rice and rubber were the only key export products to see increases in export volume but reductions…... [read more]

The Vietnamese delegation led by Tran Bich Nga, deputy head of the National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD), concluded their working trip on December 7. NAFIQAD delegates held working sessions with the National Food Safety and Quality Service of Argentina (SENASA) to inquire into its management mechanisms for food safety, food quality inspection, and food safety certification required by exporters targeting the Argentinean market. They also made fact-finding tours of a number of breeding farms, aquaculture facilities, and animal slaughtering and processing units. In August 2012, a SENASA delegation visited Vietnam to inspect the seafood processing facilities whose products were shipped to Argentina. According to the SENASA’s statistics, in 2011 Argentina earned US$581 million from agricultural exports to Vietnam. The primary exported commodity was soya beans. Vietnam’s export revenue from the Argentinean market was estimated at US$3.3 million, a year-on-year increase of 117 percent.... [read more]

The two countries plan to increase the figure to US$3.5 billion next year. Vietnam’s key exports included telephones and components, coffee, seafood, footwear, and garments and textiles. At present, Italian businesses have involvement in nearly fifty projects in Vietnam, with a total registered investment capital of US$257.2 million, ranking 29th among 101 countries and territories currently investing in Vietnam. Italy is also in the top ten European Union (EU) investors of the Vietnamese market. Many Italian investors have shown a keen interest in the fields of manufacturing, processing industry, agro-forestry, fisheries, wholesales, retails, and maintenance services.... [read more]

However, major farm products such as rice, coffee, tea, and cassava saw a considerable fall in both value and volume due to global market fluctuations and adverse weather. The Ministry of Agriculture and Rural Development reported export earnings of major farm products fetched US$13.1 billion, down 11.9%, seafood exports notched up US$6.7 billion, up 10%, and major forestry products generated US$5.65 billion from exports, up 15.1%. Vietnam shipped 1.32 million tonnes of coffee abroad for US$2.75 billion in 2013, down 23.6% in volume and 25% in value compared to 2012. Germany and the US remain Vietnam’s largest coffee consumers, making up 13% and 11% of the country’s market share respectively. Similarly, 2013’s rice exports fell 17.4% in volume and 19.7% in value to 6.61 million tonnes and US$2.95 billion. By contrast, export earnings from cashew nuts, wood and pepper rose considerably in value. Cashew nut businesses bagged US$1.63 billion from delivering 257,000 tonnes in 12 months, up 15.8% in volume and 9.7% in value. Wood exports also rose 15.2% to more than US$5.37 billion. Seafood processors were among the top farm product exporters, earning US$6.7 billion, a year-on-year increase of 10%. The US remains Vietnam’s biggest seafood consumer, accounting for 22% of the total. Seafood exports to China, Canada, and Thailand also increased by 63%, 33.6% and 7.5% respectively.... [read more]

Most notably, the bright spots were in rice exports to emerging markets in Africa, West Asia and South Asia, which accounted for 27% of the total agro-forestry-fisheries exports for the period and experienced significant on-year growth. In the January-February period total agricultural exports for rice, pepper, tea, and cashew nuts to these markets combined jumped 14.2% compared to last year’s same two-month period to US$215.4 million. Another bright spot was the two markets of Ghana and Ivory Coast, which have resumed the import of Vietnamese rice with exports reaching US$30.1 million and US$22.3 million respectively. Notably, the rice, pepper, cashew and tea exports to these markets are likely to grow strongly in the coming time, analysts at the ministry said.... [read more]

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