Export of livestock products was a standout while shipments of key farming products dropped further last year, according to the Agro Processing and Market Development Authority.
Vietnam exported 710 million USD worth of livestock products in 2019 (Photo: VNA)
Hanoi (VNA) – Export of livestockproducts was a standout while shipments of key farming products dropped furtherlast year, according to the Agro Processing and Market Development Authority.
Vietnamexported 65 million USD worth of livestock products last month, bringing thetotal livestock exports in 2019 to 710 million USD, up 10.6 percent from a yearearlier. Livestock products were among the handful agricultural items experiencing growth last year.
Rice exportsdipped further in 2019. Though the exported rice volume rose by 3.9 percentyear-on-year to 6.34 million tonnes, the revenue plunged 9.7 percent to 2.97billion USD.
The Philippinesreplaced China as Vietnam’s top rice buyers as the islandnation’s imports of Vietnamese rice jumped 2.55 times in volume and 2.34 timesin value to 2.15 million tonnes and nearly 900 million USD, respectively.
Similar trendswere seen in the export ofpepper and cashew nut which both witnessed an increase in volume but a decreasein value.
Vietnam earned3.74 billion USD from the exportsof vegetables and fruits, down 1.9 percent from 2018. Though exports to Chinadeclined 13.2 percent year-on-year, the neighbouring country remained Vietnam’slargest importer, accounting for 65.7 percent of the total vegetable and fruitexports. It was followed by the United States, the Republic of Korea, Japan andthe Netherlands.
Some 1.59million tonnes of coffee were exported for 2.75 billion USD, down 15.2 percentand 22.4 percent, respectively. Last year, the coffee export prices averaged1,724 USD per tonne, a year-on-year decrease of 8.9 percent, while the domestic prices slid 2,200 –2,300 VND per kg from the end of 2018.
The coffeeprice in the world market decreased because Brazilian coffee growers enhancedselling in the wake of a drop in Brazil’s currency, leading to growing coffeereserves in major markets like the US.
Rubber was oneof a few farming items with a positive growth with 1.68 million tonnes exported, worth 2.26 billion USD,up 7.7 percent and 8.3 percent, respectively. China remained Vietnam’s biggestbuyer, purchasing 66.5 percent of the total exports,followed by India (8.3 percent) and the RoK (3 percent)./.
The Department of Agriculture and Rural Development of Hanoi has so far managed and granted administrative account codes for 2,527 for facilities, cooperatives, businesses and shops which trade safe food, agro, forestry and fishery products in the capital city.
Prime Minister Nguyen Xuan Phuc said the agriculture and rural development sector must grow by 3 percent next year, during a teleconference in Hanoi on December 23.
Although challenges lie ahead, there remains room for agro-forestry-fishery exports to increase in 2020, according to Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
For 2020, Vietnam’s agricultural sector targets a gross domestic product (GDP) growth rate of 2.8 – 3 percent and an agro-forestry-fishery export turnover of more than 42 billion USD.
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.
Vietnam exported 710 million USD worth of livestock products in 2019 (Photo: VNA) 
