The latest statistics represent an annual increase of 15.2% in volume and 3% in value. China remains the main export market for Vietnamese cassava and cassava-based products. Most notably, cassava chip exports enjoyed a sharp rise due to the increasing demand from the northern neighbor. The average export price of cassava chips increased 7% to US$227.3 per tonne compared to US$211.5 per tonne recorded in July 2019. … [Read more...] about Cassava exports increase over seven-month period
Export products
Coffee export reaches 1.79 million tons in 2016
In 2015, the sector saw a fall by 20.63 percent in volume and 24.82 percent in value year-on-year. Germany and the US continued to be the two largest markets for Vietnamese coffee, accounting for 15.2 percent and 13.1 percent of the country’s total coffee exports, respectively. In 2016, Vietnam’s total coffee tree area increased by 0.3 percent from 2015, to 645,400 hectares, producing 1.47 million tons, up one percent from 2015 in spite of a year-on-year drop of 0.4 percent in productivity due to droughts in the Central Highlands. Additionally, the sector saw a growing contribution of processed products to total export value. Vietnam is the world’s largest grower of robusta beans. It is the second biggest coffee exporter worldwide behind Brazil. Source: VNA … [Read more...] about Coffee export reaches 1.79 million tons in 2016
Local businesses told to upgrade upon entering EU market
Most notably for the country, a study by the Ministry of Planning and Investment indicates that under normal circumstances, the EVFTA has the potential to contribute to an average GDP increase of up to 3.2% over the first five years of its implementation. Indeed, this average GDP increase will rise to 5.3% over the subsequent five years and up to 7.72% ahead in the following five years. … [Read more...] about Local businesses told to upgrade upon entering EU market
Italy-Vietnam launch footwear tech center
The center also joins hands with the Ho Chi Minh City Industry and Trade College to organize training programs for staff in charge of production, design and product development at footwear enterprises, apprising them about leading global design and manufacturing trends. … [Read more...] about Italy-Vietnam launch footwear tech center
Rubberwood panels temporarily taxed at zero
The classification and application of tax rates must comply with the provisions of law, and the latest provision is Circular 65/2017 on Viet Nam's list of import and export goods and the tariff in accordance with the provisions of the Government and related legal documents, said Tuong. … [Read more...] about Rubberwood panels temporarily taxed at zero
