The Ministry of Industry and Trade is intensifying trade promotion activities, focusing on new and potential markets that individual businesses have yet to gain direct access.
Vietnam's export earnings in January posted a year-on-year rise of 42% to about 33.6 billion USD – the highest monthly turnover since April 2022 when the figure stood at 33.26 billion USD, reported the Ministry of Industry and Trade (MoIT).
Vietnam’s standout farm produce and processed products are being showcased at the Indian Food Expo, which opened in Lucknow city, Uttar Pradesh state on December 1.
Indonesia will continue exporting some raw minerals in 2024 in the context that domestic companies are rushing to finish smelters to process the metal ore, said Minister of Energy and Mineral Resources Arifin Tasrif.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Vietnam's annual fruit and vegetable output has reached 31 million tonnes, but processing rates are only around 12% to 17%. As a result, the processing industry only meets about 8% to 10% of the fruit and vegetable output's annual output.
Prime Minister Pham Minh Chinh on June 21 chaired a conference to announce the Master Plan and investment promotion programme for the Mekong Delta in the 2021-2030 period, with the theme "Mekong Delta: New thinking - New vision - New opportunities - New values”.
Processing industry contributed 86.27 percent to the total export revenue of the country in the first nine months of 2021, according to the Ministry of Industry and Trade.
The capital city of Hanoi has defined the development of processing industry as an optimal solution to improve the value of local farm produce and ensure supply of the products to the domestic market as well as for export.
The agriculture sector is set to earn 41 billion USD from export in 2021, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).
Shipments of products from the processing industry brought in about 67.39 billion USD in the first quarter of this year, representing 87.13 percent of Vietnam’s total export value during the period.
Vietnam’s export turnover in the first quarter of 2021 shot up 22 percent to estimated 77.34 billion, with processing industry being the locomotive of the expansion, the Ministry of Industry and Trade has said.
Vietnam sustained an export growth rate of over 5 percent during the last 11 months, helping the trade surplus hit a record that almost doubled the figure in the same period of 2019.
Prime Minister Nguyen Xuan Phuc has requested ministries, localities and businesses strengthen cooperation to develop agricultural mechanisation and processing of agricultural products.
Prime Minister Nguyen Xuan Phuc emphasized the need to facilitate the development of the mechanical engineering industry while addressing a conference in Hanoi on September 24.
The trade ministry said the export of agro-forestry-fishery products faced numerous difficulties in the first months of 2019 due to oversupply and declines in some commodities' prices.
