Vietnam aims to promote agricultural exports to Africa

Africa has remained a silver lining in trade between Vietnam and the world, Deputy Minister of Foreign Affairs Ha Kim Ngoc affirmed at a seminar held by the foreign ministry on November 1.
Vietnam aims to promote agricultural exports to Africa ảnh 1Vietnam’s agricultural export to Africa exceeded 950 million USD last year, accounting for 26.5% of the country’s total export revenue to the region, driven by rice and coffee. (Photo: VNA)
Hanoi (VNA) – Africa has remained a silverlining in trade between Vietnam and the world, Deputy Minister ofForeign Affairs Ha Kim Ngoc affirmed at a seminar held by the foreign ministry onNovember 1.

The official elaborated that in the first nine monthsof this year, trade between the two sides went up 4.7% to 4.35 billion USD,while that between Vietnam and the world dropped nearly 11% year-on-year.

Vietnam has many favourable conditions to promotethe export of agricultural products to Africa, he said, stressing Vietnamese Party and State high-ranking leaders are also interested in enhancing economic cooperation with theregion.
Vietnam aims to promote agricultural exports to Africa ảnh 2A view of the seminar (Photo: baoquocte.vn)
With a population of some 1 billion, Sub-SaharaAfrica would be a promising market for Vietnamese agricultural exports, hesaid, suggesting Vietnamese managers and firms to take appropriate measures to promoteproducts in the market effectively, apart from raising competitiveness in termsprice and quality.

Participants pointed to obstacles to the promotionof Vietnamese farm produce in Sub-Sahara Africa, including the lack of informationabout the market, partners and legal regulations, high transportation costs, complicatedcustoms procedures, and technical barriers.

They suggested sending trade promotion delegationsto the region, and discussed the establishment of showrooms for agriculturalproducts at Vietnamese representative offices there.

Vietnam’s agricultural export to Africa exceeded 950million USD last year, accounting for 26.5% of the country’s total exportrevenue to the region, driven by rice and coffee.  

Following the seminar, the ministry is scheduled toorganise another on promoting Vietnamese agricultural products in the MiddleEast and North Africa later this month./.
VNA

See more

A graphic image of a new terminal of Phu Quoc International Airport (Photo: CPG Consultants)

Sun Group licensed to operate Sun PhuQuoc Airways

Sun PhuQuoc Airways has a total operating duration of 50 years, with an investment capital of 2.5 trillion VND (approximately 98.81 million USD). The airline's main operations hub is located at Van Don International Airport, Van Don district, Quang Ninh province.

Real estate bonds issued from June-December are expected to be worth about 79.77 trillion VND. (Photo: chinhphu.vn)

Real estate bond market rebounds in May

May also witnessed a significant volume of early redemptions. Businesses repurchased bonds worth about 15.86 trillion VND before maturity - an increase of 6.7 % compared to the same period in 2024.

Domestic fuel prices adjusted upward from 3pm on June 12. (Photo: VNA)

Fuel prices continue upward trend on June 12

The price of E5 RON92 petrol is now capped at 19,462 VND (0.75 USD) per litre, up 199 VND from the previous adjustment, while RON95-III costs no more than 19,967 VND per litre, up 269 VND.

Minister of Industry and Trade Nguyen Hong Dien (R) meets with Senator Roger Marshall. (Photo: VNA)

Vietnam ready to further open market for US exports: Minister

Regarding the ongoing negotiations on a Reciprocal Trade Agreement between the two countries, he emphasised that Vietnam remains consistent in its approach to the talks with the US, aiming for a bilateral agreement based on respect for sovereignty, independence, political system, harmonisation and balance of interests, as well as in line with international commitments and the development level of each country.

Vietnam’s auto sales near 30,000 units in May (Illustrative photo: VNA)

Vietnam’s auto sales near 30,000 units in May

Of the vehicles sold, there were 20,014 passenger cars, 8,983 commercial units, and 213 special-purpose vehicles. While passenger car sales dipped 3.6% from the previous month, commercial vehicles surged 4% and specialised ones climbed 6%.