Export import

A production line at Tien Hung Garment and Textile JSC in the northern province of Hung Yen. Apparel is one of the products that can be successfully exported to Africa. — VNA/VNS Photo Pham Kien There remains room for Vietnamese exports to the African market, experts said at a virtual workshop on Viet Nam-Africa trade promotion held by the Vietnam Trade Promotion Agency (Vietrade) on Wednesday. Speaking at the event, Le Hoang Tai, deputy head of the agency, said Viet Nam has established trade relations with all 54 African nations whose population amounted to some 1.3 billion. Bilateral trade between Viet Nam and Africa has grown positively over the past year, hitting US$6.7 billion in 2020, he added. Nguyen Minh Phuong from the Ministry of Industry and Trade’s Asia-Africa Market Department said Viet Nam has recorded a trade surplus to this regional market. She noted South Africa is Viet Nam’s main export market with a turnover of $681 million last year, followed by Egypt, …

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In the first six months of 2021, Viet Nam's pepper exports were estimated at 155,000 tonnes, earning US$500 million. — Photo congthuong.vn Viet Nam is at risk of losing out on major pepper export markets due to increasing logistics costs, according to the Viet Nam Pepper Association (VPA). In the first six months of 2021, Viet Nam's pepper exports were estimated at 155,000 tonnes, earning US$500 million. The exports decreased by 7 per cent in volume year on year, though increased by 41 per cent in value due to higher export prices, VPA said. On top of the decrease in pepper output this year due to the COVID-19 pandemic, logistics costs are behind the decrease in pepper export volume. The logistics costs include two main parts – wharf fees (including loading and unloading of goods, as well as administrative procedures) and costs related to shipping containers by sea. The local enterprises said that the cost of shipping pepper from Viet Nam to key export markets such as the …

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Pangasius processing line for export at the factory of South Vina at Tra Noc Industrial Zone in Can Tho city. Photo: VNA Vinh Hoan Corporation, Vietnam’s leading basa processing and exporting company, has just issued its June business report. Its total revenues of the month increased by 15 per cent over the same period, reaching VND713 billion ($31.1 million). The main contributor to the increase are basa products with a growth of 16 per cent on-year, reaching VND478 billion (20.8 million) in revenue. Export to the US market improved significantly due to the reopening of restaurants and food services, but was partly offset by a decrease in Europe and China due to the risks of a reemergence of the pandemic. On June 28, Vinh Hoan received a review from the US’ Department of Commerce on Vietnamese basa shipments imported into the US market from August 2018 to July 2019. With the official result, Vinh Hoan, together with Nam Viet Corporation, is not subject to arrears of tax on …

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Despite severe Covid-19 impacts, Vietnam – South Korea trade relations this year is on track to reach or even exceed the US$70 billion mark recorded in 2019. Enterprises from Vietnam and South Korea should enhance cooperation to diversify their supply chains and avoid the over-reliance on a single source for both input materials. Overview of the conference. Deputy Head of the International Cooperation Department under the Vietnam Chamber of Commerce and Industry (VCCI) Truong Bich Ngoc made the statement at a conference discussing trade promotion between Vietnam and South Korea on December 30. “Vietnam gives priority to its relations with South Korea on all spheres, which is also in line with South Korean’s New Southern Policy, in which Vietnam is seen as a key partner,” noted Ms. Ngoc. In 2020, the Covid-19 pandemic has led to a global economic recession, not to mention existing issues including growing protectionism around the world and the US-China …

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In the first six months of 2021, Việt Nam's pepper exports were estimated at 155,000 tonnes, earning US$500 million. Photo congthuong.vn HÀ NỘI — Việt Nam is at risk of losing out on major pepper export markets due to increasing logistics costs, according to the Việt Nam Pepper Association (VPA). In the first six months of 2021, Việt Nam's pepper exports were estimated at 155,000 tonnes, earning US$500 million. The exports decreased by 7 per cent in volume year on year, though increased by 41 per cent in value due to higher export prices, VPA said. On top of the decrease in pepper output this year due to the COVID-19 pandemic, logistics costs are behind the decrease in pepper export volume. The logistics costs include two main parts – wharf fees (including loading and unloading of goods, as well as administrative procedures) and costs related to shipping containers by sea. The local enterprises said that the cost of shipping pepper from Việt Nam to key export …

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Customers buy pork at a supermarket in Hanoi. Russia ranked first in terms of exports of pork to Vietnam in the first half of this year. (Photo: VNA) Hanoi (VNS/VNA) - More than 100 Vietnamese companies took part in an online business matching event with entrepreneurs from Moscow, Russia, on July 20. The event was organised by the Moscow Export Center with the support of the Ministry of Industry and Trade of the Russian Federation and the trade mission of Russia in Vietnam. Businesses in Moscow are interested in penetrating the markets of Southeast Asian countries and are looking for opportunities to develop business relationships with Vietnamese partners. During the event, 20 Moscow companies working in the fields of medicine, information technology, food, construction, machinery and equipment introduced their products to Vietnamese partners. The Russian trade mission in Vietnam noted positive growth in trade between the two countries. The trade office …

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Measures are mapped out to boost Vietnam-South Korea's strategic partnership as the two countries are scheduled to celebrate the 30th anniversary of diplomatic relations (1992-2022). Vietnam seeks South Korea's support in accessing Covid-19 vaccines via the COVAX Facility and transferring technology for vaccine production. Prime Minister Pham Minh Chinh during the phone talk. Photo: Nhat Bac Prime Minister Pham Minh Chinh made the request in a phone talk with his South Korean counterpart Kim Boo Kyum on July 22, in which both leaders have agreed to continue providing vaccination for foreigners in each country, including citizens from Vietnam and South Korea. The two ministers also exchanged views on measures to strengthen Vietnam-South Korea's strategic partnership, especially as the two countries are scheduled to celebrate the 30th anniversary of diplomatic relations (1992-2022). Both government leaders stressed the necessity to promote cooperation in all …

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The Vietnamese booth at the Import Goods Fair (IGF) 2021 in Seoul (Photo: VNA) Seoul (VNA) – Vietnamese agricultural products have been introduced to consumers in the Republic of Korea (RoK) during the Import Goods Fair (IGF) 2021 that is taking place in Seoul from July 22-24. Vietnam’s participation at the event aims to seek opportunities for exporting a number of high quality products that are on harvesting season, thus solving difficulties in selling farm produce due to COVID-19 impacts. Vietnamese Ambassador to the RoK Nguyen Vu Tung attended the opening ceremony of the fair. He lauded the Vietnamese Trade Office and Vietnamese businesses in the RoK for their efforts to increasing the import and distribution of Vietnamese farm produce and processed food in the host country. IGF is an annual event organised by the Korea Importers Association (KOIMA) with the sponsorship of the RoK’s Ministry of Trade, Industry and Energy (MOTIE), Ministry of Foreign Affairs, …

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Saigon Times - Great Circle offers relief to people in HCMC’s 1, Hoc Mon districts By Le Vu - Trinh Hoang HCMC - The Saigon Times - Great Circle 2021 program handed over 700 gift sets to people affected by the Covid-19 pandemic in HCMC’s District 1 and Hoc Mon District on July 21. In Hoc Mon District, representatives of the 2030 Businesspeople Club, a member of the Saigon Times Club, presented 110 gift sets to people living in areas under lockdown in Nhi Binh Commune and 390 gift sets to people in Tan Hiep Commune. The relief comprised fish, pork, poultry, vegetables and fruit. Members of the 2030 Businesspeople Club hand over relief to local residents in Tan Hiep Commune, Hoc Mon District, HCMC - PHOTOS: LE VU - TRINH HOANG Another team of the club delivered 238 gift sets to people living around the Tan Dinh Market and Alley No. 68/217, Tran Quang Khai Street, District 1. Each gift set comprised 5 kilograms of rice, eggs, canned fish and milk. The 2030 …

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Viet Nam's exports reached US$158.34 billion in the first six months of 2021, an increase of $35.57 billion, or 29 per cent over the same period in 2020. — VNA/VNS Photo As exports formed a key component of local economic development, maintaining production chains was crucial for Viet Nam. In the first six months of the year, exports increased by 29 per cent and orders were rising thanks to the recoveries of the US and China markets, as well as tax incentives from the EU due to the EVFTA agreement, said Nguyen Xuan Thanh, manager of the Fulbright Economics Teaching Programme. Thanh took part in an online conference hosted by e-newspaper cafef.vn yesterday with other experts to discuss solutions for the economy in the ongoing fourth wave of the pandemic. “The remarkable increase is due to the demand for Viet Nam's exports from major markets,” he said. Thanh said Viet Nam was benefitting thanks to the continuing punitive tariffs on China from the Biden administration, whose …

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