Efforts made to turn Vietnam into world’s spice supplier
Vietnam’s agriculture sector along with the spices and seasonings industry have enjoyed a remarkable transition which turns the country into a supplier of those products for the global market.
Vietnam's spices and seasonings are on show at a recent fair in Italy (Photo: VNA)
Hanoi (VNA) - Vietnam’s agriculture sector along with the spices and seasonings industry have enjoyed a remarkable transition which turns the country into a supplier of those products for the global market.
Le Hoang Tai, Vice Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade, unveiled the information during a virtual conference on Vietnamese spices and seasonings hosted by Vietrade on September 8.
Trade promotions and technical support have helped firms in the sector to surmount difficulties and develop sustainably by moving to produce more value added items, he stated.
Among Vietnamese spices, peppercorn has gained a foothold on the international market and holds a lion’s share in export revenues.
At present, demand for peppercorn and others has been on the rise while global exports of such products decline due to difficulties caused by the ongoing COVID-19 pandemic.
Vietnamese firms have worked to gradually meet more stringent requirements of foreign trade partners and are able to provide added value products with high quality and food safety.
Spoons of peppercorn (Photo: congthuong.vn)
Tai advised localities and firms to devise production recovery plans, apply advanced technologies, diversify products and capitalise on recent new-generation free trade agreements that Vietnam is a signatory to bolster exports once COVID-19 is brought under control.
Speaking at the event, First Secretary and Head of the Vietnamese Trade Office in Saudi Arabia Tran Trong Kim, said the Middle East nation consumes many kinds of spices, mainly imports from foreign countries, including Vietnam, adding that the country is having a high demand for organic food and spices.
Statistics showed that Vietnam shipped products worth 225 million USD to Saudi Arabia in the first seven months of this year. The country rakes in an average of 10 million USD from exports of spices to Saudi Arabia each year./.
A memorandum of understanding has been signed among the Plant Protection Department under the Ministry of Agriculture and Rural Development, the Sustainable Trade Initiative (IDH), and the Sustainable Spices Initiative (SSI) with a view to promoting sustainable peppercorn production and trading.
The Vietnam National Brands Week 2021 in Singapore – Hybrid Expo on Halal and Processed Food Products is taking place in Singapore from August 23-28 in both face-to-face and online forms by the Vietnam Trade Promotion Agency of the Ministry of Industry and Trade, the Vietnamese Embassy and the Vietnam Trade Office in Singapore.
Vietnamese agricultural products have been introduced at the 10th Chili Pepper Festival, one of the most awaited culinary fests in a year that is taking place in Italian central city of Rieti from September 1-5.
Vietnamese agricultural product exporters that want to establish long-term business relationship with the UK need to have appropriate strategies, and approach potential partners in order to take advantage of export opportunities to this important market – the second biggest economy in Europe, advised Nguyen Canh Cuong, Vietnamese Trade Counselor in the UK, at a recent consulting webinar.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
Vietnam's spices and seasonings are on show at a recent fair in Italy (Photo: VNA) 
Spoons of peppercorn (Photo: congthuong.vn) 
