The central province of Quang Ngai is doubling efforts to eradicate illegal, unreported and unregulated (IUU) fishing ahead of the fourth fact-finding trip to Vietnam by a European Commission (EC) delegation this October.
Vietnam’s agro-forestry-aquatic product exports raked in 29.13 billion USD in the first seven months of 2023, while its imports reached 23.25 billion USD, resulting in a trade surplus of 5.88 billion USD, up 3.4% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.
Amid favourable market trends and prices, the export of Vietnamese rice is achieving positive results in both volume and value. However, this also raises concerns about domestic food security.
The Ministry of Agriculture and Rural Development (MARD) has forecast that in 2023, Vietnam's rice exports will reach about 7.2 million tonnes, bringing home more than 4 billion USD.
The signing and implementation of the Vietnam-Israel Free Trade Agreement (VIFTA) is expected to create favourable conditions for Vietnam to boost exports while accessing Israel's hi-tech goods, contributing to reducing production and business costs and improving the competitiveness of Vietnamese goods, said economists.
Given the favourable market conditions, the number of orders for Vietnamese rice from many countries are on the rise, with rice exports yielding positive results.
Vietnam’s durian exports totaled about 850 million USD in the first half of 2023, or double the figure in 2022, and are expected to reach 1.2-1.5 billion USD for the year as a whole.
Amid global demand slump, cashew remains a silver lining of the overall cloud of export, heard a conference on cashew market outlook taking place in Ho Chi Minh City on July 26.
According to the Ministry of Agriculture and Rural Development, Vietnam earned over 3.25 billion USD from exporting fruit and vegetables in the first seven months of the year, representing a year-on-year increase of a significant 68.8%.
Shrimp experts and businesses gathered at the Shrimp Summit 2023 in Ho Chi Minh City on July 25 to seek measures to tackle challenges facing the shrimp sector in Asia and the globe, ensuring the sustainability and climate change resilience of the sector.
Although the export of goods has faced many difficulties, there have been encouraging signals in the past two months as enterprises and state management agencies have been actively implementing solutions to regain export momentum.
Exports of cement and clinker products reached 14 million tonnes in the first six months of this year, a year-on-year decline of 15%. Export value is estimated at 700 million USD.
The Ministry of Agriculture and Rural Development (MARD) forecast that aquatic product exports will bounce back at the end of the third quarter and reach the yearly revenue target of 10 billion USD.
The Republic of Korea (RoK) and Japan have become the biggest importers of Vietnamese wood pellets, accounting for over 95% of Vietnam’s total export of this product, reported the Vietnam Timber and Forest Product Association.
Indonesia is targeting non-traditional markets in South Asia such as India, Pakistan, and Bangladesh to boost exports, whose growth is currently slowing, Trade Minister Zulkifli Hasan has informed.
Society
