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Commercial News
Vietnam boosts search for export opportunities
The Ministry of Industry and Trade (MoIT) has been developing various export promotion activities to increase the presence of Vietnamese goods in the world market. The budget for export promotion accounts for 80.41 percent of total funding of the 2022 National Trade Promotion Program.
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Exports of coffee, rice and seafood up 38-50 percent
Vietnam’s export-import turnover increased by 14.4 percent in the first quarter of 2022 compared to the same period a year ago, reaching US$176.35 billion. Tran Thanh Hai, deputy director of the Agency of Foreign Trade under the Ministry of Industry and Trade, talked about Vietnam’s exports in an interview with Vietnam Economic News’ Phuong Lan.
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Cargo through seaports rises three percent in four months
Seaports in the country handled more than 236 million tonnes of cargo during the first four months of 2022, up 3 percent from the same period last year, according to the Vietnam Maritime Administration (VMA).
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Vietnam’s rice quality improves, as does its export price
The price of Vietnam’s rice exports is surging, fueled by growing world demand and improved quality and recognition.
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Vietnam eyes major Saudi market potential for produce exports
With only 1.5 percent of its area arable, Saudi Arabia has to import most of the agricultural products and foodstuffs it needs, providing Vietnam with major export opportunities.
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Vietnam ready to become global production hub
The country boasts 335 industrial parks with a combined area of 100,000 hectares, which will be expanded to meet the growing demand of domestic and foreign investors.
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VASEP: Aquatic exports likely to reach record high
According to the VASEP, additional Vietnamese companies have been licensed to export pangasius to the US, while the consumption demand for this kind of catfish in China is forecast to pick up on a shortage of supply sources.
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Agricultural sector to develop production in line with international standards
Minister of Agriculture and Rural Development Le Minh Hoan has said that his Ministry will adjust policies aimed at encouraging firms to invest in agriculture, as well as to develop production in line with international standards and practices to better serve agricultural exports.
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Vietnam set to ramp up macadamia exports to Middle East
The Vietnam Macadamia Association has actively worked alongside major businesses in Dubai in the United Arab Emirates (UAE) as it seeks to strengthen trade promotion activities to accelerate the export of Vietnamese macadamia products to the Middle East market in the future.
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Vietnam willing to create favourable conditions for Saudi Arabian investors
Vietnamese agencies stand ready to create optimal conditions for investment funds and corporations of Saudi Arabia to seek investment cooperation chances in Vietnam, said Prime Minister Pham Minh Chinh while receiving Minister of Foreign Affairs of Saudi Arabia Prince Faisal Bin Farhan Al Saud in Hanoi on March 17.
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