Business

Vietnam’s peppercorn exports to Germany facing difficulties amid COVID-19

Vietnam’s peppercorn exports to Germany face various obstacles due to the ravages of COVID-19 in many countries across the globe, according to the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.
Vietnam’s peppercorn exports to Germany facing difficulties amid COVID-19 ảnh 1A farmer in Dak Lak harvests peppercorn (Photo: VNA)
Hanoi (VNA) - Vietnam’s peppercorn exports to Germany face various obstacles due to the ravages of COVID-19 in many countries across the globe, according to the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.

The country’s competitiveness edge has been hard-hit by surging delivery costs.

Meanwhile, economic recovery in Germany results in rising demand for the spice, Vietrade noted, adding that peppercorn supply in the European market is entirely dependent on imports.

Germany imported 4,533 tonnes of peppercorn totalling 13.71 million EUR (16.16 million USD) from Vietnam in the first half of this year, a year-on-year decline of 21.9 percent in volume and 4.5 percent in value, data from the Directorate-General of the European Commission (Eurostat) showed.

The share of Vietnam’s peppercorn in the market fell to 31.82 percent in H1 from 36.34 percent recorded in the same period last year.

Given the fact that some small-scaled Vietnamese suppliers have yet to fulfil stringent requirements of the German side on pesticides and origin tracing, Vietrade advised the peppercorn sector to exert efforts to meet requirements on product quality and origin./.  
VNA
#COVID-19 #Vietnam’s peppercorn exports #Germany #Vietrade #delivery costs #origin tracing #vietnamplus #vietnam news agency Germany
Follow VietnamPlus

Related News

Agro-forestry-fisheries sector enjoys trade surplus of 3.3 billion USD in eight months

Agro-forestry-fisheries sector enjoys trade surplus of 3.3 billion USD in eight months

The agro-forestry-fisheries sector's export revenue reached about 32.1 billion USD in the first eight months of this year, up 21.6 percent, while imports were estimated at 28.8 billion USD, up 44.1 percent, resulting in a trade surplus of about 3.3 billion USD, a fall of 48.2 percent over the same period last year, reported the Ministry of Agriculture and Rural Development (MARD).

See more

Prime Minister Le Minh Hung (left) receives WTO Director-General Ngozi Okonjo-Iweala in New Delhi, India on September 12 (Photo: VNA)

PM Le Minh Hung calls on WTO to continue support for Vietnam

Vietnam actively and responsibly participates in the WTO’s agenda and supports its coordinating role in promoting inclusive and balanced global trade for peace, cooperation and development, while effectively responding to global challenges, said Prime Minister Le Minh Hung.

Vietnamese Trade Counsellor in India Bui Trung Thuong (Photo: VNA)

Vietnam sees opportunities to deepen engagement with BRICS: Trade Counsellor

Vietnam could deepen cooperation with BRICS through four main areas: expanding trade and market access; attracting and promoting two-way investment; engaging deeper in global supply chains and logistics networks; and advancing cooperation in science-technology, innovation and digital transformation.

Quang Tri province continues to mobilise resources to complete storm shelters and anchorage areas for fishermen. (Photo: VNA)

Quang Tri province mobilises resources for fisheries infrastructure

The provincial People's Committee assigned the Department of Agriculture and Environment to prepare an investment proposal for upgrading and expanding the Con Co storm shelter in Con Co special zone. The project has a total investment of 400 billion VND (15.4 million USD) and is scheduled to be implemented from 2026 to 2028.

A farmer in Tan Phuoc 3 commune, Dong Thap province, harvest pineapples. (Photo: VNA)

Digital transformation ushers Dong Thap agriculture into modern era

The province’s farmers are gradually embracing advances in science and technology and digital transformation, providing an important impetus for the agricultural sector to shift toward modern production in line with Politburo Resolution No. 19-NQ/TW dated June 16, 2022.

Customers shop for handicrafts at a trade fair in Hanoi (Photo: VNA)

Hanoi handicrafts reach 89 international markets

Major export products include rattan and bamboo products, sedge and wickerware, fine wooden furniture and handicrafts, ceramics, lacquerware and textiles. Many craft village products feature diverse designs and good quality, gradually enhancing their competitiveness in both domestic and international markets.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam and French President Emmanuel Macron witness the exchange of cooperation documents and agreements between the two countries. (Photo: VNA)

Finance Ministry, AFD exchange 48.6 million USD financial cooperation deals

An AFD-funded project in Dien Bien province aims to improve the management and efficient use of water resources and strengthen water regulation between river basins, helping secure water supplies for production and daily life while improving resilience to drought, erosion, flooding and climate change.

The working session between Vietnamese Minister of Industry and Trade Le Manh Hung and Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission (photo: moit.gov.vn)

Vietnamese minister proposes EAEU open market to Vietnamese goods

Minister of Industry and Trade Le Manh Hung asked the EAEU to consider removing several obstacles to bilateral trade, with a focus on eliminating the threshold safeguard measure on Vietnamese textile and garment products and opening the Russian market further to Vietnamese fishery products.