Photo for illustration. (Source: VNA) Sharp growth in markets In spite of meeting difficulties such as natural calamities, high anti-dumping duties on shrimp and catfish, catfish inspection programs, illegal, unreported and unregulated (IUU) fishing yellow card warnings from the EU, increasing quarantine from markets and competitive pressure from other countries, Vietnam’s seafood exports in 2017 exceeded the expectations of both management agencies and enterprises, recording the highest ever value of more than USD8.3 billion compared to the set target of USD7 billion, a year-on-year rise of 18.7%. The Vietnam Association of Seafood Exporters and Producers (VASEP) said the record high value came from the strong growth of major export commodities, especially shrimp gaining an increase of 21% with a value of over USD3.8 billion, making up 46% of the total. Among 167 export markets, most big exporters witnessed impressive growth. The EU had growth of over 21%, surpassing the US to top the list regarding value. China, in spite of ranking fourth on turnover, gained the highest growth, approximately 49%. Meanwhile, due to high anti-dumping tariff, the US market saw a reduction of -2.9%. The two key markets of Vietnamese catfish, the EU and the US, saw sharp decreases of nearly 23% and some 11%. However, thanks to strong increases from Brazil, Mexico, and China, catfish exports hit USD1.8 billion this year, up 4% over a year earlier. Abundant orders, plentiful production capacity in 2018 Le Van Quang, Chairman of the Board of Directors of Minh Phu Seafood Joint Stock… [Read full story]
HANDICRAFT EXPORTS TO HIT NEW RECORD Export value of Vietnamese fine arts and handicrafts is expected to surpass 2.5 billion USD in 2013, according to the General Statistics Office (GSO). In the first half, shipment of arts and handicrafts jumped 18.3 percent against the same period last year, compared to the country's average export growth rate of 16.1 percent. Especially, the revenue of suitcases, wallets, hats and umbrellas totaled 925 million USD, up 23.6 percent; pottery reached 218 million USD, up .6 percent; and bamboo products, 110 million USD. So far, arts and handicrafts have entered the club of 11…... [read more]
Tien Giang, November 28 (VNA) – The export turnover of the Mekong Delta province of Tien Giang hit a new record high of 1.35 billion USD in the first 11 months of the year, marking a year-on-year surge of 40.8 percent. The figure has beaten the yearly target by 15.4 percent and even surpassed the target of 1.3 billion USD set for 2015. Director of the provincial Department of Trade and Industry Ngo Van Tuan said adopted investment incentives have reeled in a number of new businesses to key industrial zones, creating a wider range of products for export. Local…... [read more]
The export turnover of the Mekong Delta province of Tien Giang hit a new record high of 1.35 billion USD in the first 11 months of the year, marking a year-on-year surge of 40.8 percent. The figure has beaten the yearly target by 15.4 percent and even surpassed the target of 1.3 billion USD set for 2015. Director of the provincial Department of Trade and Industry Ngo Van Tuan said adopted investment incentives have reeled in a number of new businesses to key industrial zones, creating a wider range of products for export. Local material areas were also built up…... [read more]
VGP - Rice export may reach a new record of 7.2 million tons this year, according to the Việt Nam Food Association (VFA). So far this year, Việt Nam has shipped nearly 5.1 million tons of rice, earning over US $2.15 billion. The country's total rice productivity is estimated at 39 million tons this year, said the Ministry of Agriculture and Rural Development (MARD). By Hải Minh... [read more]
(VEN) - The Ministry of Agriculture and Rural Development held a workshop on May 31, regarding the Seafood Export Program until 2015, with a Vision to 2020. It is expected that Vietnamese seafood exports will hit 1.6-1.7 million tonnes in 2015 including shrimp and Tra fish as key products. Export earnings will be between US$6.5-6.7 billion, of which 70-75 percent will come from well-processed/added-value products, instant food and those products under ecological labels. The major markets in the EU, Japan and the US will contribute 60-65 percent of all export revenue; and it is predicted that seafood exports will…... [read more]
