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Commercial News
Garment-textile exports set to hit 45.7 billion USD
Vietnam expects to earn 45.7 billion USD from garment-textile exports this year amid good results recorded since the beginning of this year and positive market developments.
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Garment-textile exports set to hit 45.7 billion USD this year
The General Department of Vietnam Customs reported that as of mid-July, garment-textile was one of the four sectors posting the highest export revenue, with a record of over 20 billion USD, up nearly 20% year-on-year.
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US increases rice imports from Vietnamese market in first half
The first seven months of 2022 saw Vietnam export nearly 4.2 million tons of rice, up more than 20% over the same period last year, in which the US market increased the most with more than 65%.
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COVID quarantine for imported processed seafood to be removed
COVID-related quarantine requirements for frozen processed seafood products imported for the purpose of reprocessing for export will be removed as from September 11 under a recently issued circular by the Ministry of Agriculture and Rural Development.
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Agro-forestry-fishery exports exceed 32 billion USD in first 7 months
Vietnam’s agro-forestry-fishery exports were estimated to hit 32.3 billion USD in the first seven months of 2022
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Tuna exports likely to hit over US$1 billion this year
Vietnam’s tuna export turnover this year is anticipated to surge by 45% compared to last year’s figure to reach roughly US$1.1 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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Vietnam becomes world’s sixth largest fibre, yarn exporter
Vietnam has surpassed the Republic of Korea to become the world’s sixth largest fibre and yarn exporter after shipping abroad US$2.37 billion worth of these items in the first five months of 2022.
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Bright outlook predicted for rice exports
As many countries in the world have limited food exports to guarantee domestic food security, rice – a staple in most of Asia – is forecast to witness surging prices in the time ahead, which is said to be a chance for Vietnam – one of the world’s largest rice exporters.
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Aquatic exports spike 40% in H1
Vietnam’s aquatic exports spiked 40% year-on-year to reach nearly 5.8 billion USD in the first half of 2022, the Vietnamese Association of Seafood Exporters and Producers (VASEP) has reported.
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Event planned to promote trade with Algeria
A virtual conference will be held on July 13 and 14 to promote trade and business links between Vietnamese localities, enterprises and cooperatives with potential partners in Algeria.
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