Agro-forestry-fisheries sector posts 22.5% rise in nine-month trade surplus
The agro-forestry-fisheries sector posted a trade surplus of 8.04 billion USD in the first nine months of this year, up 22.5% annually, reported the Ministry of Agriculture and Rural Development (MARD).
Rice export is a spotlight in nine months (Photo: VNA)
Hanoi (VNA)🥃 – The agro-forestry-fisheries sectorposted a trade surplus of 8.04 billion USD in the first nine months of this year, up22.5% annually, reported the Ministry of Agriculture and Rural Development(MARD).
During the period, the total export-import turnover of agro-forestry-aquaticproducts hit 68.92 billion USD, down 7.5% year-on-year. Of which, 38.48 billionUSD was from exports. In September alone, the export revenue of agro-forestry-aquaticproducts reached 4.8 billion USD, down 2.7% monthly and up 22% annually. Due to a significant decrease in the exportvalue of several key commodities, the total export turnover of the nine-month period fell by 5.1% annuallyto 38.48 billion USD. Specifically, the fisheries sector generated6.64 billion USD, down 21.7%; forestry sector 10.44 billion USD, down 20.6%.However, agriculture and livestock sector experienced an increase in export valueduring this period. China, the US and Japan remained the topthree export markets, with the value of export to China accounting for 22.1%,up 13.8%; that to the US 20.7%, down 22.6% and that to Japan 7.6%, down 7.7%. The MARD said it will continue developing bothdomestic and export markets while dealing with market-related issues to createfavourable conditions for the export of agro-aquatic products to China, the US,the European Union and the Eurasian Economic Union. It will also help exporters make full use of freetrade agreements (FTAs), particularly the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free TradeAgreement (EVFTA), as well as help firms secure new export contracts, protecttrademarks and provide geographical indication for Vietnam's potential exportproducts in foreign markets./.
The value of Vietnam's agro-forestry-fishery export to the European Union (EU) market reached 2.1 billion USD in the first half of this year, down 16.6% year-on-year, according to the Ministry of Agriculture and Rural Development.
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.
Vietnam's total export-import turnover of agro-forestry and aquatic products in the eight months of this year was estimated at 59.69 billion USD, reported the Ministry of Agriculture and Rural Development.
Vietnam's aquatic and forestry exports are likely to rebound and realise the targets set for 2023 in the remaining months of the year, thanks to signs of gradual recovery from export markets.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Rice export is a spotlight in nine months (Photo: VNA) 
