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Archive for the ‘Vietnam’ Category

Vietnam’s Tien Giang Province Celebrates First Fresh Coconut Exports to China, Marking New Trade Opportunities

Agricultural Exports, News, Vietnam

October 29, 2024

A significant milestone in agricultural trade was achieved with the inaugural shipment of fresh coconuts from Tien Giang Province to China on October 24. This event underscores the province’s commitment to expanding its agricultural exports and enhancing Vietnam’s presence in global markets.   Local officials highlighted the importance of this export as a reflection of […]

Vietnam and UAE Sign Historic Trade Deal to Strengthen Bilateral Economic Ties

International Relations, News, United Arab Emirates, Vietnam

October 28, 2024

Vietnam and the United Arab Emirates (UAE) have embarked on a new chapter in their trade relationship, finalizing a Comprehensive Economic Partnership Agreement (CEPA) that paves the way for increased cooperation and mutual growth. Signed by Vietnamese Prime Minister Pham Minh Chinh in Dubai, this agreement is Vietnam’s first free-trade agreement with a Middle Eastern […]

Vietnam’s Coffee Exports Surpass $5 Billion for the First Time

Agricultural Exports, News, Vietnam

October 22, 2024

In a remarkable achievement for the agricultural sector, Vietnam’s coffee exports have crossed the $5 billion mark for the first time during the 2023-2024 crop year, which lasted from October 1, 2023, to September 30, 2024. This milestone highlights the strength and potential of Vietnam’s coffee industry in the global market.   The Vietnam Coffee […]

Vietnam’s Shrimp Exports Thrive with Nearly $2.8 Billion in Revenue

Agricultural Trade, News, Vietnam

October 15, 2024

Vietnam’s shrimp export sector is celebrating a significant achievement, with estimated revenues reaching nearly $2.8 billion in the first nine months of 2024. This remarkable figure positions shrimp as the top-performing aquatic product, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The revenue marks a robust 10.5% increase compared to the same […]

Hanoi, Vietnam Boosts Agricultural Exports with Planting Area Codes

Agricultural Exports, News, Vietnam

October 14, 2024

Hanoi, Vietnam, is making impressive strides in agricultural exports by investing in the establishment of planting area codes for essential crops like longans, grapefruits, and bananas. These codes serve as a “passport” for Hanoi’s agricultural products, allowing them to compete effectively in both domestic and international markets while providing valuable economic benefits to local farmers. […]

Vietnam Rice Exports Projected to Exceed 7.6 Million Metric Tons

Agricultural Exports, News, Vietnam

October 11, 2024

Vietnam is set to achieve rice export figures exceeding 7.6 million metric tons this year, according to the chairman of the Vietnam Food Association. As the world’s third-largest rice exporter, trailing only India and Thailand, Vietnam’s primary market for rice remains the Philippines.   The chairman noted that recent changes by India to relax its […]

China and Vietnam Set to Enhance Trade Relations with New Railway and Agricultural Agreements

China, International Trade and Agriculture, News, Vietnam

October 11, 2024

In a promising move for regional trade, China and Vietnam are on the verge of signing new agreements to strengthen railway connectivity and boost agricultural trade during Chinese Premier Li Qiang’s upcoming visit to Hanoi this weekend. Sources familiar with the discussions indicate that these agreements will significantly enhance economic collaboration between the two nations. […]

Vietnam Elevates Diplomatic Relations with France to Comprehensive Strategic Partnership

International Relations, Vietnam

October 8, 2024

Vietnam has reached a significant milestone by upgrading its diplomatic relations with France to a “comprehensive strategic partnership.” This notable achievement was announced during Vietnamese President To Lam’s recent visit to Paris, highlighting Vietnam’s growing importance in global supply chains and its skillful navigation of international relations through its flexible foreign policy, often referred to […]

Vietnam’s Pepper Exports Achieve $1 Billion Milestone in 2024

Agricultural Trade, News, Vietnam

October 2, 2024

Vietnam’s pepper industry is celebrating remarkable success in 2024, with exports soaring to an impressive $1 billion in the first nine months. This achievement highlights the country’s position as a global leader in pepper production, despite a slight 1.5% drop in volume. The value of exports has surged by 46.9% year-on-year, driven by a significant […]

Vietnam Becomes Top ASEAN Exporter to EU, Boosted by Trade Agreement

International Trade, News, Vietnam

August 2, 2024

Vietnam has achieved a notable milestone as the leading ASEAN exporter to the European Union, showcasing the benefits of the EU-Vietnam Free Trade Agreement (EVFTA). This economic partnership has significantly contributed to growth, job creation, and enhanced access to European goods for Vietnamese consumers over the past four years.   The phased reduction of import […]

Vietnam and India Strengthen Ties in Trade, Technology, and Security

India, International Relations, News, Vietnam

August 2, 2024

During a significant state visit to India, Vietnamese Prime Minister Phạm Minh Chính and Indian Prime Minister Narendra Modi engaged in meaningful discussions following a formal welcome at the Presidential Palace. The meeting underscored the deep and enduring relationship between the two nations, with a focus on expanding collaboration across several key sectors. Prime Minister […]

Vietnam Achieves $14 Billion Trade Surplus in Seven Months

International Trade, News, Vietnam

July 29, 2024

Vietnam has achieved a significant trade surplus of $14.08 billion in the first seven months of this year, reflecting strong export performance. During this period, Vietnam’s trade turnover reached nearly $440 billion, with exports totaling $226.98 billion and imports at $212.9 billion, showing year-on-year increases of 15.7% and 18.5%, respectively.   The export growth was […]

Vietnamese Pepper Set to Reclaim Billion-Dollar Export Status

International Trade, News, Vietnam

July 25, 2024

A significant increase in Türkiye’s spice exports, driven by strong international demand. In the first half of 2024, Türkiye’s spice exports soared by 27%, climbing from $89 million to $113 million. The industry is targeting a substantial $250 million in exports by year-end.   Known for their ability to enhance flavor and reduce salt usage, […]

Vietnam Set to Boost Agricultural Exports to China

China, International Trade, News, Vietnam

July 25, 2024

The International Trade Council has highlighted Vietnam’s significant strides in increasing its agricultural exports to China. In the first half of 2024, the total export turnover of agro-forestry-fishery products reached $29.2 billion, marking a 19% increase compared to the same period in 2023, according to the Ministry of Agriculture and Rural Development.   China accounted […]

Vietnam’s Imports from Taiwan Surge, Electronics Lead Growth

International Trade, News, Vietnam

July 22, 2024

Vietnam has achieved a significant increase in imports from Taiwan, with computers, electronic products, and components topping the list. In the first half of 2024, these imports reached USD 6 billion, marking a 27 percent rise compared to the same period last year.   Data from the General Department of Customs reveals that trade between […]

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