Poultry imports from EU surge
The import of poultry from the European Union (EU) has been on the rise in both volume and value in recent years.
Illustrative image (Source: VNA)Mariusz Boguszewski, Economic Attaché at the Polish Embassy in Vietnam, stated that Europe is implementing a series of activities of a programme to promote poultry products with the Quality Assurance for Food Products (QAFP) certificate in the Vietnamese market.
Therefore, the workshop offered a chance for representatives from the European Commission, the embassy, and Vietnam’s poultry importers to meet and exchange information to boost import and export of this kind of product, he said.
According to the European Commission, Vietnam’s poultry import turnover from the EU spiraled from 7.36 million EUR in 2013 to 15.7 million EUR in 2014 and 23.3 million EUR in 2015, up 113.15 percent and 48.22 percent year-on-year, respectively.
EU experts predict that in 2021, Vietnam’s poultry consumption will rise by 37 percent, in which domestic production will increase by 27 percent and import up 49 percent.
With a population of over 90 million, Vietnam is considered a potential market for high-quality poultry products from the EU.
Per capita consumption of poultry in Vietnam rose from 4.26kg per person a year in 2002 to 7.6kg per person a year in 2012.-VNA
You should also see
Dien Bien province's tourism sector aspires to "take off"
The northern mountainous province of Dien Bien aims to become a national cultural, historical and ecological tourism hub by 2050, towards international standards with strong growth of trade services.
See more
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
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.
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).
