There remains large room for Vietnam to promote the export of medicinal herbs to Japan, especially when many Japanese pharmaceutical companies are planning to import these products from the Southeast Asian country, according to the Vietnam Trade Office in Japan.
Vietnam is finalising procedures to get allowance to export longan to Japan – one of the world’s choosiest markets.
Việt Nam achieved high export growth in the first five months of this year as businesses strived to promote investment in production and exports.
There remains untapped potential for Vietnam’s exports of agricultural and food products to major markets in Asia, Europe and America, but it is important for Vietnamese enterprises to improve the quality of their products, sharpen their competitiveness, and better grasp current international consumption trends, experts have said.
Animal husbandry in Việt Nam must apply high-tech solutions to meet the quality requirements of foreign markets to expand exports, experts have said.
Vietnam’s fruit and vegetable export turnover hit US$1.4 billion in the first five months of this year, down 17 percent compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
The Office of the Ministry of Industry and Trade, on the evening of June 13, informed that Vietnamese products sold in Europe, such as vermicelli, glass noodles, rice paper, and pho noodles, have been excluded by the EU from the list of agricultural products and food that needs to be strictly inspected when exporting to this market.
China is one of the leading five consumers of Vietnamese wood and wood products, with its imports accounting for between 10% - 12% of Vietnam’s total wood export value, according to wood processors and Forest Trends.
Deputy Prime Minister Lê Minh Khái has asked HCM City to adjust infrastructure fees at seaports by July.
Malaysia is calling on the EU-ASEAN Business Council (EU-ABC) to work more closely to further explore the full potential of the country and the wider region, the country's Prime Minister Datuk Seri Ismail Sabri Yaakob has said.
Vietnam’s economy glimmers with bright prospects but faces new challenges, given the fact that the COVID-19 pandemic has yet to end and global political and economic shocks continue.
The international trade show on information technology, telecommunication and electronic products (ICT COMM) and the International Exhibition of Film and Television Technology (Telefilm Vietnam) opened on June 9 at the Saigon Exhibition and Convention Centre.
The proposal to impose a 5 per cent tax on inorganic fertiliser exports may increase costs and reduce the competitiveness of Vietnamese fertilisers.
Negotiations on the export of durian to China are in the final steps and expected to finish soon so that this type of fruit can be shipped to China via official channels this year, heard an online forum held on June 8.
Trade revenue between Vietnam and Laos in the first five months of this year stood at 690.6 million USD, up 21 percent year-on-year.
The Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade and Amazon Global Selling Vietnam on June 8 launched a cross-border e-commerce initiative in the breakthrough era.
With the current rice export market remaining relatively stable, buying demand is still at a high level with the initial days of June seeing the export rice price continuing to rise by US$10 to US$15 per tonne compared to May.
Based on the positive results in the first five months, seafood export turnover is expected to surpass $10 billion this year for the first time.
Vietnam shipped 889,000 tonnes of coffee overseas for more than 2 billion USD in the first five months of 2022, up 24.2 and 54 percent year on year, respectively.
Vietnam has many more opportunities to increase export of fruits and vegetables to the European Union - the world's largest market, thanks to tariff incentives brought by the EU-Vietnam Free Trade Agreement (EVFTA), according to analysts.