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Tag: export

Retail Asia10/04/2023
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Food

Vietnam exports 1.7 million tonnes of rice in Q1

4min0
Vietnam exported 1.7 million tonnes of rice in Q1 worth over $900 million, a 19% increase in quantity and 30% rise in value over the same period last year, according to Vietnam Customs. According to the Ministry of Industry and Trade (MoIT), Vietnamese rice has seen some success in improvements in quality and demand over […]
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Retail Asia27/03/2023
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Logistics

Sanctions hit Vietnamese exports to Russia

2min0
Vietnam’s exports to Russia fell by nearly 60% year-on-year to US$205 million in the first two months of this year. Iron and steel, footwear and electronics exports almost came to a halt while those of agriculture produce like rice, vegetables and seafood fell by 20-50%, according to the Vietnam Trade Office in Russia. Rubber, garment […]
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Retail Asia26/03/2023
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Food

Durian prices plunge by half

4min0
Durian prices have plunged by half in nearly two months as harvest season approaches and supply is abundant. Farmers in the southern provinces of Tien Giang, Long An, Binh Phuoc, and Dong Thap sell their Ri6 durian for VND75,000-VND85,000 per kilogram ($3.19-$3.62), down from VND190,000 in earlier February. Lanh, a farmer in Tien Giang, said […]
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Retail Asia07/03/2023
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Food

Fruit, vegetable exports rise 17.8%

2min0
Vietnam’s fruit and vegetable exports in the first two months of this year increased by 17.8% year-on-year to US$592 million. China accounted for 57.5% of the exports, according to the Ministry of Agriculture and Rural Development’s department of agricultural products processing and market development. Since early February when it reopened after Covid, China has been […]
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Retail Asia06/03/2023
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Food

Shrimp exports set for difficult year

3min0
Vietnam’s shrimp exports face challenges with prices decreasing and competition from Ecuador and India intensifying, according to the Vietnam Association of Seafood Exporters. Global prices have decreased since the second half of last year and are expected to fall further this year as supply rises sharply to six million tons, VASEP general secretary Truong Dinh […]
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Retail Asia21/02/2023
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Food

Seafood exporter Minh Phu reports surge in profits

1min0
Minh Phu Seafood Corp., a leading shrimp exporter, reported consolidated after-tax profits of nearly VND840 billion (US$35.6 million) last year, up 27% from 2021 and its highest since 2015. Its revenues rose by 20% to VND16.43 trillion. According to the Vietnam Association of Seafood Exporters and Producers, shrimp exports were worth a record $4.3 billion […]
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Retail Asia16/02/2023
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Food

Vietnam needs to build national brands for fruits

8min0
Experts said that Vietnam must develop national fruit product brands to increase added value and competitiveness in international markets. Although fruits bring in billions of U.S. dollars in export revenue annually, Vietnam has no well-established fruit brands. “When talking about apples, we think about the US,” said Nguyen Dinh Tung, Director of Vina T&T Import-Export […]
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Retail Asia10/02/2023
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Food

Pork producers struggle with losses last quarter

4min0
Major pork producers posted losses in the last quarter of 2022 as animal feed costs rose and consumer demand dropped as people tightened spending. Dabaco Vietnam, the country’s biggest husbandry firm, recorded a VND79 billion ($3.34 million) loss in the last quarter, the first quarterly loss in five years. BaF Vietnam saw expenses exceed revenue […]
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Retail Asia02/01/2023
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Food

Vietnam reaps new fruit export benefits

5min0
Several Vietnamese fruits have found their way to major markets in China and the U.S. in 2022, opening up the door for Vietnam to send more high-quality produce overseas. After four years of negotiation, Vietnam finally exported its first batch of fresh durian to China for the first time in September The fruit came from […]
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Retail Asia02/01/2023
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General

Exports to China no longer subject to Covid testing

3min0
Vietnamese exports to China will no longer be subject to Covid testing from January 8th, the Ministry of Industry and Trade has announced. The ministry urged localities and businesses to update goods clearance processes at border gates in order to streamline trade according to the new easing of restrictions. The government has asked major agricultural […]
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Retail Asia27/12/2022
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Food

Mango export to South Korea rises

3min0
Vietnam exported 1,700 tonnes of mango to South Korea for $7.4 million over the past 11 months of 2022, up 19% in volume and 25% in value year-on-year, according to the Agency for Foreign Trade under the Ministry of Industry and Trade. These figures helped Vietnam become the third largest mango supplier for the South […]
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Retail Asia28/11/2022
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Food

Vietnam’s seafood exports nearing $11 bln in 2022

2min0
Vietnam’s seafood exports this year could reach $11 billion for the first time, spearheaded by shrimp, pangasius and tuna, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Truong Dinh Hoe, VASEP general secretary, said at a conference in HCMC Saturday that by November, seafood exports had already crossed $10 billion, so by […]
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Retail Asia05/10/2022
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Food

Seafood exports to US surge 22% in 9 months

2min0
Vietnam’s seafood exports to the U.S. rose 22% year-on-year to $1.8 billion in the first nine months as Americans remain the biggest buyers of Vietnamese seafood. Exports to China surged 76% to $1.35 billion, while to the EU the value went up 41% to $1 billion, according to the Vietnam Association of Seafood Exporters and […]
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Retail Asia04/08/2022
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Food

Rice exports jump 20 pct

1min0
Vietnam exported 4.2 million tons of rice in the first seven months, 20 percent up year-on-year, according to the Ministry of Agriculture and Rural Development. But earnings were only 9 percent higher at US$2 billion since global rice prices have fallen by over 10 percent to $489 a ton. Exports to the U.S. grew fastest […]
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Retail Asia19/07/2022
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Food

Tuna exports jump by 56 percent in H1

1min0
Tuna exports in the first six months were worth US$553 million, a 56 percent rise year-on-year, according to data from the Vietnam Association of Seafood Exporters and Producers. Exports to the U.S. all but doubled thanks to higher demand, especially for canned tuna. Exports to members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership […]
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Retail Asia21/06/2022
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Food

Rice firms to see profits fall as input costs grow

4min0
Vietnam’s rice firms are having to lower their profit plans and targets this year as input costs rice and demand falls. Prior to the annual meeting of its shareholders, the Trung An Hi-tech Farming JSC adjusted profits down to VND100 billion ($4.3 million), six times lower than its earlier plan. An Giang Import Export Company […]
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Retail Asia13/06/2022
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Food

Banana exports to China boom despite Covid restrictions

2min0
Banana exports to China increased by 10 percent in the first five months though total vegetable and fruit exports to that country were down 28 percent. Vietnam was China’s largest supplier of bananas at 742,000 tons or 43 percent of its total imports, according to the Vietnam Fruit & Vegetables Association (Vinafruit). Vo Quang Huy, […]
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Retail Asia03/06/2022
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General

Steel stocks belie expectations, in deep slump

5min0
The Vietnamese steel industry was expected to benefit from the Russia-Ukraine crisis, but stocks of companies have been plunging due to rising input costs and declining demand. The shares of industry leader Hoa Phat Group fell Thursday to a 14-month low. HPG has dropped by over 27 percent this year as against a 14 percent […]
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