Veggie, fruit exports decrease slightly, reaching 2.3 billion USD
The export value of Vietnamese vegetables and fruits is estimated at 269 million USD in July, bringing the total turnover in the first seven months of 2019 to 2.31 billion USD, down 0.8 percent year on year.
Hanoi (VNA) – The export value of Vietnamese vegetables and fruits isestimated at 269 million USD in July, bringing the total turnover in the firstseven months of 2019 to 2.31 billion USD, down 0.8 percent year on year.
China was the biggestimporter of Vietnamese vegetables and fruits with nearly 1.5 billion USD,accounting for 71.9 percent of the market share and up 1.05 percentyear-on-year in value. It was followed by the US (70.2 million USD) and theRepublic of Korea (65.3 million USD).
Markets reportingimpressive growth in terms of import values of Vietnam’s vegetables and fruitsincluded Cameroon (up 10.16 times), Dominican Republic (up 8.37 times) and Guam(5.11 times).
During January-July,the import turnover of vegetables and fruits is estimated at 1.14 billion USD,a year-on-year increase of 22 percent.
The Agro Processingand Market Development Department said that the sector will have more chancesto expand its export markets thanks to the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the recently-signedEU-Vietnam Free Trade Agreement (EVFTA).
The department advisedbusinesses to study opportunities and challenges of the European market andmarkets of 10 CPTPP member states, and seek measures to increase the qualityand design of products and promote the advantage of competitiveness.-VNA
The growth of vegetable and fruit exports slowed down significantly this year but the target of reaching 10 billion USD in revenue in 2025 was still within reach, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnamese exports of agricultural products must meet food safety, quality and traceability requirements to China which now requires that exports be sent through official channels only, heard a recent workshop in Ho Chi Minh City.
The EU-Vietnam Free Trade Agreement (EVFTA) not only opens the door wide for Vietnam's agro-forestry-aquaculture exports, but also promotes the country's agricultural sector to improve its competitiveness, according to experts.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Dragon fruits for export (Photo: VNA) 
