The Hanoitimes – Vietnam’s seafood exporters on January 14 shipped first consignments worth nearly US$600,000 to traditional and large markets of the United States, Canada and England. Addressing the ceremony, Nguyen Xuan Cuong, Minister of Agriculture and Rural Development, forecast that the fishery sector will have potentials to further grow this year, which will help it create a new mark and surpass the target of US$8.5 billion set for 2018. The fishery sector expects to have potentials to further grow this year “This year we will encounter many challenges, but will also have opportunities,” Cuong said. According to Cuong, the challenges include getting a “yellow card” sticker on illegal, unreported and unregulated (IUU) fishing by the European Commission and restructuring production and exploitation in a sustainable manner. However, he said, Vietnam is in the process of implementing a new fisheries law and action programs to lift the warning on Vietnamese seafood about IUU fishing. Cuong said the sector had a good foundation in terms of infrastructure, production methods and organization and was likely to surpass the target set by the ministry of US$8.5 billion. Besides the traditional markets of the United States and the European Union, Vietnamese seafood exporters must also pay due heed to enlarge other potential outlets such as Australia, Japan and the Republic of Korea, Cuong noted. “Indian, Chinese and ASEAN markets are also very good markets, but we have not exploited them much. This year we must focus on ways to better exploit these… [Read full story]
Speaking at the seminar, vice chairman of Dong Nai Province Tran Van Vinh said in the last five years, the provincial growth rate had increased on average 12 per cent annually.The province, which is just north of HCM City, is home to 1,200 FDI projects from 42 countries and territories with more than 19,500 domestic firms involved in production and business performance.The demand for trade co-operation between businesses in the province and foreign partners was great, said Vinh.The US accounts for 31 per cent of the province's total exports, followed by Japan (10 per cent) and China (8.5 per cent),…... [read more]
The world financial recession will make Vietnamese seafood sector weaker this year after it hit several records in 2008, the Vietnam Economic Times reported, citing the Vietnam Association of Seafood Exporters and Producers (VASEP). The VASEP said the sector’s growth will drop 15 per cent-20 per cent in 2009 from a year earlier. In 2008, the sector gained 9.2 per cent growth, with production output reaching highest figure at 4.58 million tons. The global economic downturn will badly affect seafood trading this year, the association said, adding that Vietnamese seafood sales at three key markets comprising EU, the U.S. and Japan may…... [read more]
Vietnam’s exports to its major markets such as the U.S. and Asia are projected to increase between 7% and 16% in 2010, according to the Ministry of Industry and Trade (MoIT). Vietnam is estimated to export US$26.14 billion worth of goods to Asia next year, up 8% from a year earlier, said the ministry. The country will reap US$2.9 billion, US$3.6 billion and US$13.5 billion from goods exports to Oceania, Africa-Southwestern Asia and the U.S. in 2010, rising 7%, 9% and 16% on-year, respectively, estimated the MoIT. Vietnam’s total exports to Europe will remain unchanged from this year’s estimated figure of US$13.8 billion,…... [read more]
The seafood sector will strive to exceed this year’s export target of US$8.5 billion set by the Government, the head of the industry’s main business group has said. A ceremony was organised by VASEP and the Saigon Newport Corporation to mark the shipment of the year’s first consignment of seafood at Cat Lai-Tan Cang Port. — Photo nld.vnNgo Van Ich, chairman of the Viet Nam Association of Seafood Exporters and Producers (VASEP), said besides surpassing the target this year, the sector was also on track to achieve exports of $10 billion by 2020.Speaking at a ceremony in HCM City on…... [read more]
Vietnam rated as key market for DHL growth Binh Nguyen By Binh Nguyen - The Saigon Times Daily HCMC - Leaders of DHL Global Forwarding on Tuesday emphasized that Vietnam was an important market for its business growth, especially in the future and would continue the company’s heavy investment in this market. Roger Crook, chief executive officer of DHL Global Forwarding, Freight, who just returned to Vietnam for a business trip to review DHL business in Vietnam, recognized the importance of this market for DHL business. “We see Vietnam having strong growth… our business (here) is very successful. We are…... [read more]
