GSO: Export and import enterprises growing sharply The number of enterprises involved in export and import activities has increased sharply since 2012, according to the preliminary results of the 2017 Economic Census conducted by the General Statistics Office (GSO). As at January 1, 2017, the number of enterprises operating in export and import activities had grown substantially since the 2012 Census, in line with Vietnam’s efforts at integration, with trade turnover heading ever upwards over the last five years. Outsourcing activities were one of the key factors behind the high growth of exports and imports. Figures from the Census and the General Department of Customs show that the number of enterprises operating in purely processing activities (the import of raw materials from foreign orders and the export of finished products) stood at almost 4,200, primarily in the textile and garment industry. Vietnam had more than 10,000 large-sized import and export enterprises as at January 1, 2017, up 29 per cent since 2012 and accounting for 1.9 per cent of all enterprises. Medium-sized enterprises increased 23.6 per cent in number, while small-sized enterprises increased 21.2 per cent and micro-enterprises 65.5 per cent, accounting for 74 per cent of the total. Notably, small and medium-sized enterprises increased 6 percentage points compared to 2012. Employee numbers fell 0.8 percentage points, indicating that the size of enterprises was smaller, according to the report. The number of enterprises operating in export and import activities as at January 1, 2017 was about 63,000, an increase of… [Read full story]
VASEP reported that in January and March, export value of the commodity to Australia rose sharply against the same months last year, at 146.2 percent and 280.9 percent, respectively. The figure continued to climbed 98.3 percent in September and more than 241 percent in half of October. In spite of accounting for only a small proportion (2 percent) of Vietnam's total bivalve mollusc export value, Australia attracted Vietnamese exporters because of consumption and tax advantages. However, Australia is very strict in food hygiene, quality and models. Because of this, domestic exporters should diversify export products to further penetrate and improve…... [read more]
Hanoi Times - The Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) announced the VND 2,000 billion for insuring exchange rates for export-import enterprises through credit services and exchange rate insurance options. Eximbank also provides exchange rate insurance options for other foreign currencies beside US$. Eximbank General Director Truong Van Phuoc said the bank pledged to work out best solutions to share burden with the enterprises, provide more products, helping the enterprises develop business and enhance their competition capacity. At present, Eximbank has total assets of VND 12,633 billion, topping the list of commercial banks in Vietnam.-... [read more]
Seafood exports grow sharply HCMC – Vietnam had exported US$7.6 billion worth of seafood in the year to end-November, up 18.9% over the same period last year, Nguoi Lao Dong newspaper quoted a report of the General Department of Vietnam Customs. Although the U.S. market posted a mild decline of 1.7%, four other large markets, namely the EU, Japan, China and South Korea, registered growth of over 20%. Therefore, total export turnover of seafood may exceed US$8 billion in all of this year. Last year, China spent US$860 million importing seafood from Vietnam, but the number surged to more than…... [read more]
Seafood exports to Europe plunge sharply By Ngoc Hung - The Saigon Times Daily HCMC – Given the persistent debt woes in Europe, many local seafood exporters have seen their exports to this key aquatic product market of the country spiraling into slump. Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said now he considers the European market the “black point” of the local seafood industry. Tran Van Hau, managing director of Hung Ca Company in Dong Thap Province, noted multiple exporters have had no choice but to cut the volume of shipments…... [read more]
Farm produce exports expected to grow further this year Thai Hang and Ngoc Hung By Thai Hang and Ngoc Hung - The Saigon Times Daily HCMC – The nation is expected to obtain strong growth in farm produce exports this year following positive export figures in 2013. Most of major farm products are expected to bring higher export revenues. The Vietnam Cashew Association (Vinacas) expects this year’s export growth rate would be equal to last year’s figure. In 2013, local cashew exporters fetched an export value of US$1.66 billion compared to the earlier target of US$1.5 billion. With cashew shell…... [read more]
