Trang tiếng Việt
Vietnam Industry News
Vietnam aims to US$3 billion vegetable and fruit export in 2017 PDF Print
Wednesday, 15 February 2017 09:05

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 PDF Print
Monday, 23 January 2017 11:17

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 PDF Print
Monday, 16 January 2017 11:11

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 PDF Print
Thursday, 15 December 2016 21:58

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 PDF Print
Thursday, 15 December 2016 21:51

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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Vietnam’s tilapia exports estimated to reach USD45m PDF Print
Thursday, 15 December 2016 13:02

VIETRADE - The Vietnam Association of Seafood Exporters and Producers (VASEP) estimates that the country’s tilapia exports will reap a revenue of USD 45 million this year, 32% higher than the previous year.

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Vietnam to supervise shrimp production chain for export PDF Print
Wednesday, 14 December 2016 21:56

VIETRADE - In the first half of this year, shrimp output reached 191,000 tones. The Vietnam Seafood Exporters and Processors early this month forecast that Vietnamese shrimp exports would top US$3 billion this year, after achieving $1.4 billion in the year’s first half (VNS). The Minister of Agriculture and Rural Development Nguyễn Xuân Cường said that it was necessary to identify shrimp as a national strategic export product to boost farming, enhance quality and build a globally-recognized Vietnamese shrimp brand (VNS). At a recent conference which gathered shrimp producers and processors from 28 coastal provinces and cities, Cường said that Vietnam had a large potential for shrimp production. However, scattered farming, shortage of quality raw materials together with the lack of a comprehensive development strategy and value chain were blocking its potential, Cường said. In addition, boosting shrimp farming turns out to be a good choice for Vietnam’s agricultural production as it could turn the salt intrusion in the Cuu Long (Mekong) River Delta into an opportunity. He urged local authorities to enhance management towards all shrimp farming stages, from breeding to disease prevention, while shrimp farmers apply new farming techniques and technologies to improve shrimp quality.

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Vietnam aims to become global seafood processing center PDF Print
Monday, 12 December 2016 12:45

VIETRADE - Vietnam’s fishing and aquatic processing sector has posted an annual average growth of about 15% in recent years, significantly contributing to the national gross domestic product (GDP) and export, said Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh.  After a long time failed to match its potential due to low-capacity vessels and out-of-date equipment, Vietnam’s seafood processing sector is likely to become a global seafood processing center in the future thanks to its competitive labor cost and increasing number of high-quality processing facilities, reported a local daily quoting General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe. According to a VASEP source, Vietnam is currently one of the biggest seafood processing countries – for Pangasius, the country is No. 1, while for shrimp exports Vietnam is ranked No 5; for tuna exports Vietnam is also in the Top Ten. Vietnam is about to hit 4.5% increase in fisheries exports in 2016 after sales to overseas markets fell by US$1.2 billion in 2015. There have been administrative reforms and restructuring of the seafood sector in favor of advanced technology transfer and application, as well as encouraging foreign investment in Vietnam.

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