Vietnam gained its highest ever seafood export value of US$8.32 billion in 2017, a year-on-year rise of 18%. The US, Japan, China and the Republic of Korea were the top four export markets for Vietnamese seafood products, accounting for 55.3% of the total national export value. Deputy Minister of Agriculture and Rural Development Vu Van Tam says priority will be given to enforcing the 2017 Fishery Law and overcoming the consequences of natural calamities and the 2016 marine disaster in the central region. “We need to concentrate on the transparency of fishing activities rather than increase the exploitation of marine resources. Advanced technology is incentivized in aquaculture to raise output and ensure food safety standards,” he notes. Vietnam aims to produce between 7-7.5 million tonnes of aquatic products this year with an export value of up to 5.3- 5.8%.
The electronics sector has set a target of bagging an export value of US$2 billion this year, up US$500 million over 2005, according to the Vietnam Association of Electronics Businesses. The association said thanks to thorough preparations, the sector has still maintained production pace despite the fact that it is facing difficulties caused by import tax reductions under the Vietnamese roadmap for integration into the ASEAN Free Trade Area (AFTA). Currently, import tax reductions on electronic products from other ASEAN countries have not created much of an impact on the price of electronic products in the country, as all major…... [read more]
Le Tien Truong, Vice General Director of the Vietnam Textile and Garment Group (Vinatex) said at a press briefing in Hanoi on January 8 that 2014 is forecast to be a hard year for the economy, but, the garment sector still has a reasonably bright future owing to developed countries like the US and the stability of newly-emerging countries.To meet the target, the sector will focus on key solutions for investment, finance, personnel management, market expansion and business renovation, Truong said.Truong reported garment exports increased by 16.9% in 2013 to US$19.8 billion, accounting for 15% of the country’s total export…... [read more]
At a workshop held recently in Hanoi, delegates agreed that Vietnam has the ability to provide a stable supply of premium seafood products in line with the Government and businesses’ commitments on food safety and environmental responsibility. Over the past year, the fishery sector has become one of Vietnam’s key economic industries. Vietnamese seafood has been shipped to 156 countries worldwide, with export turnover reaching US$6.1 billion last year. Vietnam is one of three countries with a stable labour force, and has bilateral cooperation agreements with many other countries in this sector. The workshop was jointly held by the National…... [read more]
Speaking at a press meeting on Monday, the chairman of the Viet Nam Textiles and Apparel Association, Le Quoc An, said in the first half of the year, the sector had an export turnover of $4.2 billion, a year-on-year increase of 20 per cent. An said the remaining $5.3 billion could be reached in the second half of the year as Vietnamese companies had won many contracts from importers. Labour shortage However, textile and garment enterprises have faced difficulties, including a labour shortage and access to bank loans, both of which are being blamed for a drop in profits. An…... [read more]
Farmers in Buon Ho town, Dak Lak province end to their coffee plants (Source: sonongnghiepdaklak)The coffee sector aims to develop the coffee processing system in a bid to increase the added value of domestic coffee products, an official has said. The focus will be on investment in advanced technologies to enhance productivity and product quality in the period from now to 2020 instead of building new processing facilities, according to Vo Thanh Do, Deputy Director of the Agro-Forestry, Seafood Processing and Salt Industry Department under the Ministry of Agriculture and Rural Development. By 2020, finished processed coffee products such as…... [read more]
