Agro-forestry-aquatic product exports up 5.7% in February
Vietnam earned over 3.4 billion USD from agro-forestry-aquatic product exports in February, a year-on-year increase of 5.7%, the Ministry of Agriculture and Rural Development said.
Hanoi (VNA) – Vietnam earned over 3.4billion USD from agro-forestry-aquatic product exports in February, a year-on-year increase of 5.7%, the Ministry of Agriculture and Rural Development said.
The sector’s import-export value in the first twomonths of this year was estimated at 11.99 billion USD, down 16.8% from thesame period last year. Its exports accounted for around 6.28 billion USD, adrop of 22.5%.
After falling to the second position among Vietnam’simporters, China returned to the top spot in the first two months of the year with 1.27 billion USD or 20.2% of the market share. It was followed by the USwith some 1.19 billion USD; Japan, 563 million USD; and the Republic of Korea,302 million USD.
Transporting goods through Huu Nghi international border gate in the northern province of Lang Son (Photo: VNA)
Items that saw hikes in export revenues includedtea, up 5.1%; fruits and vegetables, 17.8%; cassava and cassava products, 32.7%;milk and dairy products, 10.2%; and meat and by-products, 14.2%.
Meanwhile, such staples as coffee, rubber, rice,cashew nuts, pepper, tra fish (pangasius), shrimp, wood and wooded products, andrattan and bamboo products experienced decreases.
To promote the consumption of farm produce, theministry said it will step up market development, remove barriers andfacilitate domestic sales and exports, while utilising free trade agreements(FTAs), especially the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement(EVFTA).
The sector will also continue its coordination tosupport the protection of trademarks and geographical indications for Vietnam’spotential export items abroad. It proposed the government build a decree onthe management of Vietnam's national agricultural product brands.
Representatives from the ministry will hold workingsessions with China’s Nanning and Yunnan customs forces to seek ways to promotetrade and remove obstacles to agro-forestry-aquatic product exports.
The ministry will also organise a forum on fruit andvegetable exports within the framework of Hortex Vietnam 2023, an InternationalExhibition & Conference for Horticultural and Floricultural Production andProcessing Technology, slated for early March./.
Import-export revenue of agro-forestry-aquatic products was estimated to reach 66.2 billion USD in the first eight months of 2022, up 8.7% year on year, of which export turnover hit about 36.3 billion USD, a year-on-year rise of 13.1%, reported the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s foreign trade of agro, forestry and aquatic products hit some 74.7 billion USD in the first nine months of 2022, a year-on-year rise of 10.7%, according to latest data released by the Ministry of Agriculture and Rural Development (MARD).
Vietnam posted a trade surplus of 9.4 billion USD in the first 10 months of 2022, compared to 630 million USD in the same period last year, according the General Statistics Office (GSO).
Vietnam’s export of agro-forestry-aquatic products hit a record revenue of over 53.22 billion USD last year, up 9.3%, including nearly 11 billion USD from aquatic products.
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.
Processing Tra fish for export (Photo: VNA) 
Transporting goods through Huu Nghi international border gate in the northern province of Lang Son (Photo: VNA) 
