Agro-forestry-fishery exports hit 22.2 billion USD in first seven mont
Agro-forestry-fishery exports hit 22.2 billion USD in first seven months
The export turnover of agro-forestry-fishery products in July was estimated at 2.85 billion USD, bringing the total value in the first seven months of 2018 to 22.2 billion USD, a year-on-year rise of 7.8 percent.
Exports turnover of agro-forestry-fishery products in July was estimated at 2.85 billion USD (Photo: VNA)
Hanoi (VNA) – The export turnover ofagro-forestry-fishery products in July was estimated at 2.85 billion USD,bringing the total value in the first seven months of 2018 to 22.2 billion USD,a year-on-year rise of 7.8 percent.
According to the Processing and MarketDevelopment Authority (AgroTrade) under the Ministry of Agriculture and RuralDevelopment, Vietnam exported 11.6 billion USD worth of farm produce fromJanuary to July, up 3.6 percent against the same period last year.
Markets seeing strong export growth includedIndonesia in rice, coffee, and rubber; Russia in coffee and cashew nuts;Germany in tea, cashew nuts, pepper, and rubber; Malaysia in rice, tea, wood,vegetables and fruit; the Philippines in rice and coffee; Saudi Arabia in tea;Iraq and Hong Kong in rice; the US in tea, cashew nuts, and pepper; India in rubberand pepper; and Thailand in vegetables and fruit, and aquatic products.
Rice remained one of the biggest hard currencyearners. Vietnam earned 1.96 billion USD from selling 3.87 million tonnes ofrice abroad, up 29.2 percent in value and 12.2 percent in volume. Chinacontinued to be the largest rice importer of Vietnam with 26.8 percent of themarket share.
In the seven-month period, Vietnam earned 2.3billion USD from exporting fruits and vegetables, mainly to China, up 12.6percent.
The country exported 1.16 million tonnes ofcoffee worth 2.22 billion USD, up 10.8 percent in volume but down 5.7 percentin value. Germany and the US remained the two biggest consumers of Vietnamese coffee.
Vietnam sold 153,000 tonnes of pepper worth 517million USD to overseas markets during the January-July period, up 3.7 percentin volume but down 36.1 percent in value.
As many as 696,000 tonnes of rubber wereexported in the period, bringing home 997 million USD, up 9.9 percent in volumeand down 10.7 percent in value. –VNA
The total export value of agro-forestry-fishery products in the first five months of the year reached 15.6 billion USD, a year-on-year surge of 9.9 percent, according to the Ministry of Agriculture and Rural Development.
Vietnam recorded a year-on-year rise of 9.7 percent in aquatic exports to 3.12 billion USD in the first five months of 2018, according to the Ministry of Agriculture and Rural Development (MARD).
Export value of aquatic products was estimated at 732 million USD in June, bringing the figure for the first half of the year to 3.94 billion USD, up 10.5 percent annually, according to the Ministry of Agriculture and Rural Development.
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&.
Exports turnover of agro-forestry-fishery products in July was estimated at 2.85 billion USD (Photo: VNA) 
