Vietnam’s Trade Counsellor in Italy Duong Phuong Thao said the bilateral relations are developing positively, providing a solid foundation for economic and trade ties. The Italian Government, financial institutions and business community regard Vietnam as a key market in Southeast Asia.
Vietnam shipped an estimated 24.14 billion USD worth of agro-forestry-fishery products overseas during January-May, up 21% against the same time last year, according to the Ministry of Agriculture and Rural Development (MARD).
Revenues from enterprises making key industrial products in Hanoi amounts to some 200 trillion VND (8.33 billion USD) on an annual basis, or close to 35% of the local sector’s total production value.
The first tra fish (pangasius) festival will take place in the Mekong Delta province of Dong Thap on December 16 and 17 and is expected to draw the participation of 50,000 partners in the sector as well as domestic and foreign visitors.
The southeastern coastal province of Ba Ria-Vung Tau has been paying attention to trade promotion with a goal to bring local key products to more markets and raise their value.
Farmers on Sin Ho Plateau in the northern mountainous province of Lai Chau have shifted from inefficient crops to the cultivation of key medicinal crops. Agricultural processing facilities have been gradually set up locally, bringing high economic value for farmers.
Ho Chi Minh City’s Department of Industry and Trade has set the target to export 48.19 billion USD worth of products in 2021, a year-on-year surge of 10 percent.
Fruit and vegetable exports in April reached 462 million USD, bringing their total export turnover in the first four months of 2019 to 1.4 billion USD, a year-on-year rise of 7.2 percent.
Ho Chi Minh City has announced a number of industrial and agricultural product groups as its key products in the 2018 – 2020 period, giving them special priorities in terms of growth promotion.
Localities and businesses appreciate the efforts made by Vietnamese trade counsellors in helping the country’s businesses boost their exports, and want them to continue providing information.
The Prime Minister has approved a project for three new farm co-operative models for rice, aquatic products and fruit in the Cuu Long (Mekong) Delta by 2020.
Vietnam will reform the structure of export goods and increase quality of export products to strive for sustainable exports and increase its value by this year-end and beyond.
The finance ministry said it would continue to tighten price management over key products such as electricity, coal, petrol and public services in the last months of the year.
