Vietnamplus

Vietnam has targeted to earn 9 billion USD from fishery exports in 2020, a year-on-year increase of 7 percent, according to the Directorate of Fisheries.

Vietnam will strengthen controls on Ethoxyquin in feed production for the fishery industry to ensure stability in seafood exports to the EU, according to the Ministry of Agriculture and Rural Development (MARD).

The import-export turnover between Vietnam and China set a new milestone, reaching nearly 117 billion USD last year.

Vietnam’s seafood export value reached 3.2 billion USD last year, a 8-percent increase from a year earlier, the highest rate ever, according to the Vietnam Association of Seafood Exporters and Producers.

The Ministry of Industry and Trade has granted 47 certificates of eligibility to rice export businesses over the past year, lifting the number of rice exporters to 182 traders.

The combined export value of main agricultural products was estimated at 18.5 billion USD in 2019, down 5.3 percent year on year, according to the Ministry of Agriculture and Rural Development.

The plastics industry produced 8.89 million tonnes of products in 2019, up 7.2 percent from the previous year, and earned 17.58 billion USD in total revenues, it was reported at a conference held by the Vietnam Plastics Association on January 3.

The forestry sector will strive to earn 12.5 billion USD from exports in 2020, up 10 percent year-on-year, said Deputy Director General of the Vietnam Administration of Forestry (VNFOREST) Pham Van Dien.

The Mekong Delta province of Tien Giang is working hard to improve its investment environment with the aim of attracting at least eight projects with total capital expected to stand at 80 million USD in 2020.

The rapid growth of the swift-breeding industry across the country could lead to negative effects if there is no long-term development plan, according to Ha Thuy Hanh, deputy director of the National Agriculture Extension.

Rice producers need to be more creative and increase quality if they want to see export profits rise next year.

Vietnam’s aquatic product exports to China rose 19.7 percent year-on-year to reach 1.1 billion USD in the first 11 months of 2019, according to the General Department of Vietnam Customs.

The capital city of Hanoi needs to have a more efficient mechanisms and create a more favourable business environment, attracting large enterprises to develop key industrial products, according to many experts.

Enterprises in industrial parks (IPs) of the northern province of Bac Ninh aim to generate 1.2 quadrillion VND in industrial production value in 2020.

Prime Minister Nguyen Xuan Phuc said the agriculture and rural development sector must grow by 3 percent next year, during a teleconference in Hanoi on December 23.

The EU is a potential market for Vietnam's shrimp industry next year because it is the largest shrimp market in the world, while the shrimp production of this bloc has not met its demand, according to domestic seafood experts.

Forestry sector maintained a high growth of over 5 percent this year, with forestry product export reaching 11.3 billion USD, up nearly 20 percent from 2018.

Vietnam is expected to post a total import-export value of more than 470 billion USD in the first 11 months of this year, surpassing the figure of 400 billion USD recorded in the whole of 2018.

International economic integration has helped An Giang’s key exports such as agricultural and fishery products, as well as frozen vegetables and fruits occupied many major markets like the US, the EU.

The forestry sector expects to earn an estimated 11.3 billion USD from exports this year, a year-on-year rise of 20 percent, according to Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.