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Vietnam Industry News


Vietnam aims to US$3 billion vegetable and fruit export in 2017

VIETRADE The nation’s vegetable and fruit export is expected to reach US$3 billion in 2017, exceeding the US$2.4 billion target set earlier, the Vietnam Vegetable and Fruit Association forecasts.

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Vietnam's 2016 cashew exports exceed US$2 billion despite volatile market after Brexit

VIETRADE - In 2015, Vietnam is the largest producer of cashews in the world (1,237,300 metric tons), accounting for 28% of global production and 42% of global exports (perfectinsider.com). Vietnam has been the world’s top cashew nut exporter for the last 10 consecutive years, with the export volume accounting for 50 percent of the world’s total output (vietreader.com). In the first five months of this year, the cashew industry exported more than 118,000 tons of cashew nuts, bringing in about US$1.1 billion, exceeding the export plan in terms of both volume and value (Vinacas).

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Vietnam’s soft drinks - opportunities for export expansion

VIETRADE - There are several subsectors in Vietnam’s beverage industry that provide intriguing opportunities for foreign investors and exporters looking to capitalize on the various FTAs coming into effect. Vietnam’s soft drinks and fruit juice market in particular has stood out for its impressive growth in recent years. The soft drink sector accounts for 70% of the total production value and the consumption demand is rising, especially in natural origin and good health products (VNS).

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Vietnam shrimp exports expected to reach USD3.1b

VIETRADE - Vietnam's shrimp exports in the first nine months of 2016 is valued at USD 2.2 billion, up 5.6 % compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (Vasep). Despite prolonged drought and saltwater intrusion, the shrimp industry has managed to stay afloat. According to Nguyen Xuan Cuong, Minister of Agriculture and Rural Development around 680,000 hectares (1.68 million acres) of land has been used to farm shrimp this year, down 1.4 percent against 2015, but total output could hit 680,000 tons, up 14 percent on-year. Even though the country lacks shrimp supplies in the remaining months of this year due to the impacts of saltwater intrusion, making VASEP to lower the export forecast by 300 million USD, Vietnam shrimp exports by the end of 2016 is still expected to reach USD 3.1 billion, up 3.3% year on year, raising the total seafood export value to more than $7 billion.

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Vietnam needs to improve cashew’s quality to expand market share

VIETRADE – Vietnam, the world’s largest cashew nut exporter, could gain a bigger market share by improving product’s quality thanks to rising global demand for cashew, trade experts have said.

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