Vietnam’s peppercorn exports to Germany facing difficulties amid COVID-19
Vietnam’s peppercorn exports to Germany face various obstacles due to the ravages of COVID-19 in many countries across the globe, according to the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.
A farmer in Dak Lak harvests peppercorn (Photo: VNA)
Hanoi (VNA) - Vietnam’s peppercorn exports to Germany face various obstacles due to the ravages of COVID-19 in many countries across the globe, according to the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.
The country’s competitiveness edge has been hard-hit by surging delivery costs.
Meanwhile, economic recovery in Germany results in rising demand for the spice, Vietrade noted, adding that peppercorn supply in the European market is entirely dependent on imports.
Germany imported 4,533 tonnes of peppercorn totalling 13.71 million EUR (16.16 million USD) from Vietnam in the first half of this year, a year-on-year decline of 21.9 percent in volume and 4.5 percent in value, data from the Directorate-General of the European Commission (Eurostat) showed.
The share of Vietnam’s peppercorn in the market fell to 31.82 percent in H1 from 36.34 percent recorded in the same period last year.
Given the fact that some small-scaled Vietnamese suppliers have yet to fulfil stringent requirements of the German side on pesticides and origin tracing, Vietrade advised the peppercorn sector to exert efforts to meet requirements on product quality and origin./.
It is the first time a large batch of 22 tonnes of frozen fruits of Indochina Dragonplum (scientific name Dracontomelon duperreanum) trees from Vietnam has been shipped to Australia, the Vietnam Trade Office in Australia has said.
Vietnamese agricultural products have been introduced at the 10th Chili Pepper Festival, one of the most awaited culinary fests in a year that is taking place in Italian central city of Rieti from September 1-5.
The agro-forestry-fisheries sector's export revenue reached about 32.1 billion USD in the first eight months of this year, up 21.6 percent, while imports were estimated at 28.8 billion USD, up 44.1 percent, resulting in a trade surplus of about 3.3 billion USD, a fall of 48.2 percent over the same period last year, reported the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s agriculture sector along with the spices and seasonings industry have enjoyed a remarkable transition which turns the country into a supplier of those products for the global market.
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.
A farmer in Dak Lak harvests peppercorn (Photo: VNA) 
