Vietnam is still struggling to break into the US in a big way with fruit exports. This is due to formidable food safety barriers to the market and is in spite of growing demand in the States. On average, every American spends around US$232 on 124 kg of fruits a year, Matthew Lantz of the [...]
Vietnam is forecast to export 200,000 tonnes of cashew nuts this year, earning US$1.75 billion in revenue, according to the Ministry of Agriculture and Rural Development (MARD). The exports are expected to increase by 25,000 tonnes in volume and US$250 million in value against last year’s figures, enhancing the country’s position as the world’s leading [...]
Two-way trade between Vietnam and Brazil in 2011 hit more than US$1.4 billion, up 53.8 percent from a year earlier, according to the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC). This is the first time the two-way trade performance has exceeded US$1 billion. Brazil exported goods worth US$794 million to Vietnam and imported commodities valued [...]
Vietnam is estimated to run VND3.9Tln State budget deficit in January 2012, the Ministry of Planning and Investment (MPI) said in its socio-economic report at the Parliament’s regular meeting on Jan 4. The figures represents 0.39% of the country’s Gross Domestic Product (GDP), (Vietnam targeted to run a state budget deficit of 4.8% GDP in [...]
Exports of bags hit more than US$120 million in January this year, up 14.2 percent compared to the same period last year. For two consecutive years, this product has been listed among export items with more than US$1 billion in revenue. Diep Thanh Kiet, Vice Chairman of the Vietnam Leather and Footwear Association (Lefaso), said [...]
Vietnam exported more than 279,000 tonnes of rice, earning over US$153 million in January, according to the Vietnam Food Association (VFA). This is equal to half of the corresponding period last year’s rice export volume of 541,000 tonnes and value of US$282 million. Major markets for Vietnamese rice in January 2012 were Asia and the [...]
Local rice exporters said importers have returned to Vietnam after the Lunar New Year holiday break to survey local rice prices instead of signing new contracts. Le Truong Son, general director of Docimexco Dong Thap, said it is difficult to sign commercial contracts at present. Importers mainly come back to study prices, waiting for the [...]
The lesson is that Vietnam usually pushes up export when the world prices are at low levels and reduces the exports when the prices reach the highest peaks. The double success With the record rice export amount of 7.1 million tons in 2011, Vietnam has once again, has affirmed its position as a big rice [...]
Viet Nam exported 400,000 tonnes of rice worth US$240 million in January, a decrease of 25.4% in quantity, but only 14.2% in value against the same period last year, the Ministry of Agriculture and Rural Development reported. The Vietnam Food Association (VFA) said at the end of last year, Vietnam rice exports had fewer purchasing [...]
Local shrimp exporters are no longer concerned about material shortage this year as they have become more self-sufficient in material supply sources. Chu Van An, deputy general director of Minh Phu Seafood Corp., said his firm planned to expand its cultivation area by 200 hectares every year from the current 1,200 hectares in Kien Giang, [...]
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