Agro-fishery-forestry exports were estimated at 6.73 billion USD in Quarter 1, a year-on year increase of 3.1 percent, according to the Ministry of Agriculture and Rural Development.
Hanoi (VNA) 🃏– Agro-fishery-forestry exports were estimated at 6.73 billion USD in Quarter 1, a year-on year increase of 3.1 percent, according to the Ministry of Agriculture and Rural Development.
During the period, the country shipped some 1.59 million tonnes of rice to foreign countries and brought home 692 million USD, up 41.6 percent in volume and 40.8 percent in revenue against the same time last year.
Indonesia emerged as Vietnam’s largest rice importer with 31.42 percent of market share, followed by China with 17.15 percent.
Strong growth markets include the Philippines and Malaysia while a sharp fall in rice consumption was recorded in Ivory Coast and Singapore.
The value of aquatic exports in the quarter was calculated at nearly 1.36 billion USD, rising 1.7 percent from 2015. Accounting for 51.84 percent of the market share; the US, Japan and China remained Vietnam’s largest seafood consumption markets.
Likewise, overseas shipments of 479,000 tonnes of coffee earned 808 million USD, annual gains of 30.2 percent and 5.7 percent in volume and value, respectively.
In stark contrast, the volume of tea exports declined by 5 percent to 23,000 tonnes, compared to the same time in 2015. As such, its revenue was down 10.2 percent to 35 million USD.
The country also splashed out 5.31 billion USD on agro-forestry-fishery imports in Quarter 1, down 3.9 percent against the same period last year. Imports of major products were 3.77 billion USD, a year-on-year drop of 9.7 percent.-VNA
The agro-forestry-fisheries export turnover in September was estimated at 2.15 billion USD, bringing the nine-month figure to 21.65 billion USD, down 5 percent against the same period last year.
Up to 100 locally- and regionally-famous farm, handicraft and industrial products will be named and honoured in Hanoi, Director of the Department of Local Industry.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Fish processing for exports (Photo: VNA)
