The Middle East, North Africa and South Africa are potential markets for tea products from Lai Chau province but their export is still modest due to a lack of information on each other and effective connections, Deputy Foreign Minister Pham Quang Hieu has said.
The southern province of Binh Duong’s gross regional domestic product (GRDP) grew 6.85 percent in the first six months against the same period last year.
Agro-forestry-fishery exports hit about 23.2 billion USD in the first five months of 2022, posting a year-on-year increase of 16.8 percent. Nine groups of products saw export values of more than 1 billion USD in the period, including coffee, rubber, rice, cashew and vegetables.
Among efforts to diversify markets for local farm produce, the northern mountainous province of Lai Chau is working to boost the export of tea products to the Middle East, North Africa, and South Asia.
There remains large room for Vietnam to promote the export of medicinal herbs to Japan, especially when many Japanese pharmaceutical companies are planning to import these products from the Southeast Asian country, according to the Vietnam Trade Office in Japan.
Vietnam’s fruit and vegetable export turnover hit 1.4 billion USD in the first five months of this year, down 17 percent compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
The Mekong Delta province of Tra Vinh plans to improve the value of its coconut products to boost farmers’ incomes and meet export requirements in 2022-25 period.
The US Department of Commerce (DOC) has launched an anti-circumvention and anti-subsidy investigation into wooden cabinets imported from Vietnam and Malaysia, according to the Trade Remedies Authority of Vietnam (TRAV).
In the first five months of 2022, the total import and export turnover of goods reached 305.1 billion USD, posting a year-on-year rise of 15.6 percent. The country enjoyed a trade surplus of 516 million USD in the period.
As many as 26 export commodities posted turnover of more than 1 billion USD in the first five months of 2022, accounting for 89.6 percent of Vietnam’s export turnover. Of them, six items enjoyed turnover exceeding 5 billion USD, making up 62.3 percent.
Secretary of the Party Committee and Governor of Sekong province of Laos Leklay Sivilay has suggested enhancing cooperation with central Da Nang city of Vietnam, especially promoting the export of agricultural products between the two localities that has been interrupted due to the COVID-19 pandemic.
The Trade Ministry of Indonesia has called for progress to promote the ASEAN Power Grid (APG) initiative, which can help the country deal with its current electricity oversupply, including by exporting excess power to neighbouring countries.
Negotiations on the export of durian to China are in the final steps and expected to finish soon so that this type of fruit can be shipped to China via official channels this year, heard an online forum held on June 8.
Vietnam shipped nearly 890,000 tonnes of coffee overseas for more than 2 billion USD in the first five months of 2022, up over and 54 percent year on year, respectively.
The Ministry of Transport has been tasked with coordinating with relevant ministries, sectors and localities in considering and handling recommendations of the Vietnam Railways Corporation (VNR) on how to better the capacity of international railway transport serving import and export activities.
Vietnam exported around 110,000 tonnes of rubber worth 181 million USD in May, up 40.4 percent in volume and 27.9 percent in value against the previous month.