In 2023, the agricultural sector will promote negotiation to open more foreign markets for local farming commodities, said Hoang Trung, director of the Plant Protection Department under the Ministry of Agriculture and Rural Development (MARD).
The local steel market continued to be gloomy, with reductions seen in both production and consumption in the past 11 months, a report published by the Vietnam Steel Association (VSA) this week revealed.
Thailand earned 95.23 billion baht (2.54 billion USD) from exporting 5.41 million tonnes of rice in the first nine months of this year, up 40% in volume and 36% in value from the same period last year, according to the Ministry of Commerce.
Vietnamese fruit and vegetable exporters need to further enhance deep processing and diversify their export markets to avoid risks when major export markets face difficulties, the Asia-Africa Market Department said.
Vietnamese exporters need to continue to improve the reliability of agricultural products and ensure quality, safety and sustainability to compete globally, industry insiders said.
The Mekong Delta province of Tien Giang aims to have 3.6 billion USD in export turnover of goods for this year, much more than 2021 and exceeding the plan for 2022 by 7.46%.
From now to 2025, the northern province of Bac Giang will focus on developing seven key agricultural products with the goal of improving productivity and product quality to meet the requirements of domestic and export markets, said Director of the provincial Department of Agriculture and Rural Development Duong Thanh Tung.
Vietnam’s agro-forestry-fishery exports hit 27.88 billion USD in the first half of 2022, up 13.9% against the same period last year. Four largest export markets of Vietnam in the period included the US, China, Japan and the Republic of Korea.
Enterprises of Vietnam have been recommended to diversify markets, including nearby countries, to promote exports, which are bouncing back strongly but also facing certain headwinds.
Binh Phuoc, a province in the southern key economic region, recorded a trade surplus of nearly 700 million USD in first half of 2022, according to the provincial People’s Committee.
A forum and exhibition seeking ways to help Vietnam’s thieu lychee go global aimed to find new export markets so as to increase the tropical fruit’s added value and raise incomes for growers.
Vietnam's cashew nut export turnover reaches 3.63 billion USD in 2021, up 13% compared to 2020. Among export markets, the US and China are still the main markets of Vietnam's cashew nut.
Textile and garment is one of Vietnam's key export products, accounting for about 10% of total export turnover in 2021. Last year, the US continued to be the largest consumption market of textiles, garments, accounting for nearly 50% of Vietnam's total textile and garment export turnover.
Business
