Agro-forestry-fishery exports valued at 17.8 billion USD
Agro-forestry-fishery shipments abroad brought home an estimated 17.8 billion USD in the first seven months of the year, a year-on year surge of 5.1 percent.
Rice collected for exports (Photo: VNA)Hanoi (VNA) – Agro-forestry-fishery shipments abroad brought home an estimated 17.8 billion USD in the first seven months of the year, a year-on year surge of 5.1 percent, according to the Ministry of Agriculture and Rural Development.
During the period, some 2.93 million tonnes of rice were sold abroad and yielded 1.32 billion USD, down 18.4 percent and 14.4 percent in quantity and value from the same time last year.
China remained Vietnam’s largest rice importer with more than 35 percent of the market share, followed by Indonesia with 11.6 percent.
Trade to Ghana and the Ivory Coast grew, 41 and 31.3 percent respectively. Sharp drops in rice consumption were seen in the Philippines (54.3 percent), Malaysia (59.2 percent) and Singapore (34.6 percent).
In the same period, the country sold 122,000 tonnes of pepper corn to foreign countries for 988 million USD, increasing 26 percent in volume and 9 percent in value. However, pepper prices slid 13 percent compared to the same period in 2015.
A fall in export prices was also seen in coffee (15.6 percent) and rubber (15 percent). Export value of coffee was 1.98 billion USD while that of rubber was 705 million USD.
69,000 tonnes of tea was exported for 110 million USD, up 4.9 percent in quantity and dwindling 2.1 percent in value.
Of major farm exports, cashew nut posted increases in both volume and value. Total cashew exports in the period picked up 2.5 percent in quantity and 9 percent in value to 189,000 tonnes and 1.46 billion USD.
The value of aquatic product exports in the period contributed 3.65 billion USD to overall January-July agro-forestry-fishery exports, up 3.3 percent.
Key forestry products earned the country 3.98 billion USD, up 0.8 percent
The US, Japan and China were leading buyers of Vietnamese aquatic and wood products.-VNA
You should also see
Government’s action programme cracks down on illegal fishing
A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action programme as the country is striving to clamp down on illegal fishing, or else it will be hit by the European Commission (EC)’s warning card.
See more
Business
An Giang bosters border economy
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
Business
Corporate bond maturity in 2024 remains high: MoF
The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
Business
Vietnam - an enticing destination for foreign investors: IMF expert
Vietnam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.
Business
More efforts needed to maintain export growth to China: Insiders
Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
Business
Banks propose raising small loan cap to 400 million VND
Credit institutions have proposed to raise the cap of small loans not requiring feasible capital use plans and related person information from 100 million VND to 400 million VND (15,710 USD).
