Vietnam exports statistics

Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam has many more opportunities to increase export of fruits and vegetables to the European Union - the world's largest market, thanks to tariff incentives brought by the EU-Vietnam Free Trade Agreement (EVFTA), according to analysts. Data from the General Department of Customs show Vietnam’s vegetable and fruit export turnover to Europe in 2021 hit 303 million USD, up 17.4 percent year-on-year. EU countries was on the rise. Notably, the demand for novel tropical fruits and vegetables increased from 15-20 percent for fresh products and over 30 percent for processed products. Vietnam , during 2022 – 2023. VNA … [Read more...] about EVFTA helps push up Vietnam’s spice, fruit, vegetable export to EU

In July, the growth rate of seafood exports continued to slow down to 14% on the year, earning 970 USD million. (Photo baodautu.vn) Hanoi (VNS/VNA) - Vietnam's seafood export value is expected to slow growth to 3 billion USD in the third quarter due to a lack of raw materials and disadvantages in the market in the second half. At the beginning of the year, farmers released shrimp due to the forecast that the weather would not be too cold. They have expected to early harvest raw shrimp . However, diseases and the quality of shrimp seeds have affected farming results. According to Ho Quoc Luc, former chairman of the Vietnam Association of Seafood Exporters and Producers ( VASEP ) and also chairman of the Sao Ta Foods Joint Stock Company (FIMEX), there are three reasons for the shortage of raw shrimp, including disease, quality of shrimp varieties and water source. By the end of this year, the supply of raw shrimp will not be abundant, and prices will remain high, … [Read more...] about Seafood exports expected to reach 3 billion USD in Q3

Vietnam is willing to hold trade talks with the United States to timely solve arising problems regarding a U.S. anti-circumvention investigation into steel pipe products imported from the Southeast Asian country. Le Thi Thu Hang, spokesperson of the Vietnamese Ministry of Foreign Affairs, made the statement at a regular press briefing in Hanoi on Thursday following reports that the U.S. officially initiated an investigation into the case. Hang affirmed that the Vietnam-U.S. comprehensive partnership has witnessed progress in all fields in recent times, including in economy, trade, and investment. Vietnam is the leading trade partner of the U.S. in Southeast Asia, while the U.S. is the second-largest trade partner of Vietnam, with two-way trade turnover exceeding US$110 billion in 2021. “Vietnam advocates promoting economic, trade, and investment cooperation with the U.S. on the basis of freedom, fairness, and mutual benefits in accordance with bilateral agreements and … [Read more...] about Vietnam ready for talks with US on tax evasion investigation into Vietnamese steel pipes

Foodex is Asia’s the largest exhibition dedicated to food and drinks across Japan and the whole world. Up to 20 participating businesses come from cities and provinces with strength in agro-fisheries such as Ho Chi Minh City, Hanoi, Nghe An, BacGiang, NinhBinh, Dong Thap, Ben Tre, Can Tho, KienGiang, Lam Dong and Ca Mau. On display are Vietnamese specialty fruits, vegetables, processed aquatic products and fish oil, organic pepper, seedless lemon, rice-derived food, cakes and fruit drinks. Vietnam’s fruit and vegetable export to Japan hit 130 million USD in 2017, up nearly 70 percent. The four-day exhibition attracts 3,350 firms from 80 countries and territories worldwide, and 85,000 visitors.-VNA VNA … [Read more...] about Vietnam joins Foodex 2018 in Japan

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

Kuala Lumpur (VNA) – Malaysia’s services revenue grew 25.2% year-on-year to 506.5 billion MYR (113.64 billion USD) in the second quarter of 2022, the Department of Statistics Malaysia (DoSM) said. According to the office, this was contributed by the wholesale and retail trade, food and beverages and accommodation segment which saw revenue went up 26.1% y-o-y to 409.3 billion MYR while the information and communication and transportation and storage segment revenue edged up 21.3% to 72.2 billion MYR. The health, education and arts, entertainment and recreation segment revenue grew 24.4% to 15.1 billion MYR and professional and real estate agent segment revenue went up 20% to 9.9 billion MYR. On a quarterly basis, the total revenue of the services sector grew 7.1% or 33.8 billion MYR. The total number of persons engaged in the sector rose 4.9% or 177,600 persons to 3.8 million persons as compared with the corresponding period of the previous year. DoSM said salaries … [Read more...] about Malaysia: Services revenue surges in Q2

Cao Son Coal, the company with the largest mining output in Vietnam, on July 19 announced to improve and expand the capacity of the Cao Son coal mine in Cam Pha in the northeastern province of Quang Ninh, to meet high production requirements. Coal mining companies are increasing output to deal with power generation shortages, Le Toan The mine has total reserves of almost 52 million tonnes, with a designed capacity of about 4.5 million tonnes per year. By upgrading the reserves, Cao Son’s coal mine is expected to complete a record high mining output of 6.78 million tonnes in 2022. Phan Quoc Viet, director of Cao Son Coal, said, “We have mobilised equipment to maximise the exploitation of raw coal at the Cao Son mine. In 2021, we achieved a mining output of over 6.4 million tonnes.” Many miners feel that Cao Son Coal’s plan to increase output faces many challenges, especially considering the increasingly difficult and complex open-pit mining conditions. Similar to … [Read more...] about Power shortage worries increase hunger for coal

Woodworkers in a small craft village in Hanoi’s outskirts have had reputation for creating the most sophisticated Buddha statues in Vietnam. After nearly a hundred years, the statue of “Thousand-Handed Quan Yin Buddha” in Dai Quan Pagoda, Khoai Chau District, Hung Yen Province still retains its beauty. The Buddha has a gentle face, calm half-closed eyes. Her two hands are clasped in front of the chest, praying for peace for mankind, while the other 998 hands stretch out, ready to protect and help her Buddhists. The statue of “Thousand-Handed Quan Yin Buddha” in Dai Quan Pagoda, Khoai Chau District, Hung Yen Province. Photo: Xuan Thanh The “Thousand-Handed Buddha” statue of Dai Quan Pagoda, like hundreds of thousands of Buddha sculptures being revered in temples across Vietnam, was created by talented craftsmen from the Son Dong fine arts craft village.The outer layer of gold vermilion paint covering the Buddha statue made from jackfruit wood is almost intact, … [Read more...] about [Uniqueness of Hanoi’s craft villages] Son Dong – the most famous Buddha statue making village

Children are exposed to increased risks of online harms, especially during the outbreaks of the COVID-19 with increased screen time. (Photo: VNA) Hanoi (VNS/VNA) - The National Children's Hospital has recently received more child patients with mental illnesses attributed to the increased screen time they spent during the COVID-19 pandemic when outdoor physical social activities were limited. Doctor Ngo Anh Vinh, deputy head of the hospital's Department of Adolescent Health, said that after the COVID-19 pandemic, the number of children coming to check for mental illnesses related to social networks increased. "Many of them need treatment for social media addiction. Some children are admitted to the hospital after they have attempted suicide," Vinh said. "Currently, the World Health Organisation (WHO) considers social network addiction and game addiction as a mental illness with consequences that severely affect the child's mental and physical health and quality of … [Read more...] about Rise of screen time puts children at high risk of social media addiction

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges