Vietnamplus

Indonesia has received its first requests for palm oil export permits, some of which could be granted on May 30, Veri Anggriono, a senior official of the Indonesian Ministry of Trade said.

Hanoi enjoyed a surge in exports-imports in the first five months of this year, signalling the capital city’s strong economic recovery, according to the municipal Statistics Office.

The total import and export value of agro-forestry-aquatic products in the first five months of 2022 has been estimated at 41.3 billion USD, up 8.6 percent year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).

The Ministry of Industry and Trade (MoIT) will continue to coordinate with relevant ministries and sectors in supporting businesses to minimise impacts of trade remedies which may have an detrimental effect on Vietnam’s export activities.

Enterprises in HCM City exported 20.7 billion USD worth of goods in the first five months of 2022, posting a year-on-year increase of 7.9 percent, according to the municipal Statistics Office.

Vietnam’s import-export turnover during the first five months of this year reached 305.1 billion USD, a year-on-year increase of 15.6 percent, according to a report released on May 29 from the General Statistics Office of Vietnam (GSO).

Commercial banks have stepped up lending to export firms, especially those in industrial parks and export processing zones, as exports of many goods have grown strongly this year.

Free trade agreements (FTAs) spurred Vietnam’s bilateral and multilateral trade, with 2022 revenues projected to hit a record 750 billion USD, according to experts.

Vietnam raked in an estimated 4.5 billion USD from exporting aquatic exports in the first five months of 2022, up over 44.5 percent over the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Taking advantage of free trade agreements and flexibly adapting to world unstable development, Vietnam’s spearhead economies such as fisheries, garment and textiles and wood production are accelerating exports to increase turnover.

The Lao government has instructed ministries to streamline procedures to facilitate trade and speed up freight transport and the export of goods, reported Xinhua news agency.

A consultation will be held by the Ministry of Industry and Trade’s Department of Trade Promotion (Vietrade) on June 1 to boost export to Kuwait where demand for agricultural, industrial and consumer products are on a rise.

Malaysia will halt the export of chicken from June 1 as the country faces a shortage of chicken along with a soaring price.

Although the demand for Vietnamese textiles is forecast to rise steadily in the short term, firms are concerned that tight material supply will impede their export plans.

Vietnamese businesses are seeking to export more fresh and processed dragon fruits to Australia and New Zealand as the demand for this fruit in both markets is increasing.

Indonesia will lift its palm oil export ban from May 23, following improvements in the domestic cooking oil supply situation, the country's President Joko Widodo has announced.

The US Food Safety and Inspection Service under the US Department of Agriculture has just recognized 6 more Vietnamese tra fish processing factories that are eligible to export their products to the US market.

The Food Safety and Inspection Services (FSIS) under the United States Department of Agriculture has recognised six more Vietnamese pangasius processing factories that are eligible to export products to the US, raising the number of establishments to 19, according to the Ministry of Agriculture and Rural Development’s National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD).

Since the establishment of their bilateral diplomatic ties in 1962, Vietnam and Laos have promoted cooperation across spheres, with their trade exchange posting substantial growth, benefiting both countries.

Many kinds of flowers of Vietnam have gained a foothold in the Japanese market, and are quite popular among local consumers.