Vietnam earned 20.6 billion USD from selling abroad farm, forestry farmed fish products in the first eight months of 2016, up 5.6 percent from a year ago
Hanoi (VNA) 🌺– Vietnam earned 20.6 billion USD from selling abroad farm, forestry farmed fish products in the first eight months of 2016, up 5.6 percent from a year ago, according to the Ministry of Agriculture and Rural Development (MARD).
The figure included 2.76 billion USD attained in August alone.
Agri-products contributed 9.9 billion USD to the eight-month turnover, a 5.7 percent increase against the same period last year.
It included 1.51 billion USD from the sale of 3.37 million tonnes of rice, down 13.1 percent in value and 16.6 percent in volume year-on-year.
China remained the biggest rice importer of Vietnam, accounting for 36 percent of the total market, with 1.04 million tonnes worth 476 million USD in the first seven months of this year, showing a drop of 21.6 percent in volume and 11.9 percent in value.
Coffee exports fetched 2.25 billion USD from 1.27 million tonnes, up 39.9 percent in volume and 20.7 percent in value. Germany and the US were the two biggest coffee importers of Vietnam in the first seven months this year, accounting for 15 percent and 13 percent, respectively.
Exports of wood and wood products reached 4.3 billion USD, a year-on-year fall of 0.6 percent. The US, Japan and China were the three biggest markets, together holding nearly 53 percent of the total export value.
The export value of fishery products in the first eight months of this year amounted to 4.3 billion USD, a rise of 4.1 percent from the 2015 same period.
The United States, Japan, China and the Republic of Korea were leading importers of Vietnamese farmed fish. China, the US and Thailand saw a remarkable surge of 53.9 percent, 11.9 percent and 9.9 percent, respectively in their import of Vietnamese seafood.-VNA
Vietnam’s agro-fishery-forestry product exports during the first ten months of this year were estimated at 24.61 billion USD, a year-on-year decrease of 3.8 percent.
Vietnam’s agro-fishery-forestry exports in 2015 is likely to meet the set target of 30 billion USD as total exports in 11 months ending in November reached 27.41 billion USD.
Agro-fishery-forestry exports were estimated at 6.73 billion USD in Quarter 1, a year-on year increase of 3.1 percent, according to the Ministry of Agriculture and Rural Development.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative photo (Source: VNA)
