Chủ đề: export

Despite 70 per cent of agricultural processing companies having to suspend export activities and the remaining 30 per cent having to operate at less-than-capacity due to Covid-19, some still overcame the difficulties, maintained export market share, and recorded stable revenue and profits.

The fourth wave of Covid-19 made seafood enterprises wary about signing new export contracts because of concerns over congestion at ports and at border gates, especially with China tightening customs clearance procedures.

Tax rates and incentives in the agreement have resulted in rising seafood import volumes and value.

Galvanized steel sheet exports to Europe will remain stable until the end of 2022 thanks to favorable trade policies and growing demand. Exports may face greater challenges in 2023, as the EU can then apply a carbon border adjustment mechanism.

Covid-19 has seriously affected many industries, including the pangasius industry. The price of many types of farmed fish have fallen below production costs and farmers have suffered heavy losses. The pangasius industry earns Vietnam over $2 billion annually and employs millions of workers. Import demand has increased in many markets since the second quarter of this year, however, bringing hope to exporters.

Vietnam posted a trade deficit of $1.36 billion for the first half of August, bringing the year-to-date deficit to $3.88 billion. FDI enterprises posted a surplus, however, with export turnover of more than $145 billion as of August 15 and import turnover of $130.82 billion.

Vietnam is Russia’s largest supplier of coffee but its coffee brands are hard to find on the shelves of Russian supermarket chains because 99 per cent of exports are raw coffee. Vietnam’s rice exports to Russia have also fallen due to rising prices. Some agricultural products and processed agricultural products from Vietnam have reached Russia’s retail network, such as mangos, chili sauce, dipping sauce, pomelos, and dragon fruit, but in limited quantities.

Vietnam’s seafood industry will lose about $480 million a year if it receives a “red card” from the European Commission (EC) for illegal fishing. The industry’s capacity would reduce by at least 30 per cent if the “red card” was imposed for two or three years. Seafood currently contributes about 5 per cent of GDP and employs 4.7 million workers. The EU is Vietnam’s fifth-largest seafood market.

Rice exports were down 10.6 per cent year-on-year in the first seven months of 2021. While there is demand among international partners for Vietnamese rice, deliveries have been hit by serious disruptions to supply chains. Purchasing and delivering goods as well as loading and unloading them on to ships have all stalled.

The export of agriculture, forestry, and fisheries products grew quite well in the first seven months of the year but difficulties will remain over the closing months, such as high costs, fees, and taxes, and declining export orders.

Covid-19 has negatively affected Vietnam’s dragon fruit exports to China. The Ministry of Industry and Trade will therefore support businesses to find partners and export the fruit to India and Pakistan - two markets of potential boasting cooperative relations with Vietnam.

Covid-19 has interrupted the exportation of agricultural products to China - the most important market for Vietnam’s northern provinces.

Vietnam’s tuna exports to the US and European markets increased sharply in the first quarter of 2021, by 21 per cent year-on-year to $355 billion. The Vietnam Association of Seafood Exporters and Producers (VASEP) has, however, predicted that growth may slow in the months to come because of higher transportation costs.

Africa is considered a diverse new export market of potential for Vietnam’s key products. Local businesses need to carefully study the market and legal regulations to avoid risks, however, and also adapt to the tastes and cultures of African consumers, who are primarily Moslems. Other difficulties include high import taxes in some African countries and the common occurrence of fraud.

Vietnam’s wooden kitchen furniture is gaining in popularity in the US, the EU, the UK, and Canada thanks to beautiful designs and high quality. In the first half of this year, export turnover of such products was $480 million, up 67 per cent compared to the same period of 2020. The biggest export item was kitchen cabinets, with turnover of $287.5 million, up 78.9 per cent year-on-year and accounting for 73.5 per cent of the total. Kitchen tables followed, with $47.6 million, up 37.5 per cent, while wooden trolley exports rose 563.3 per cent to $2.6 million. Some 76.3 per cent of export turnover came from the US, up 85.9 per cent year-on-year. Exports to the EU rose 68.1 per cent and to Canada by 188.3 per cent.

The turnover of Vietnamese fruit and vegetables exported to the US reached $57.4 million in the first four months of 2021, a 16.6 per cent increase year-on-year, according to the Ministry of Agriculture and Rural Development. The US Department of Agriculture has predicted that the total value of Vietnamese fruit and vegetables exported to the US this year may total $15.1 billion.

The Mekong Delta’s Long An province is planning to set up six logistics centers in order to meet export and import needs and improve the competitiveness of local businesses. Two centers are already in operation, in Thanh Phu commune, Ben Luc district, and at the Long An International Port in Can Giuoc district.

2021 is the second year Vietnam’s lychee has been exported to Japanese market and received good feedback from both sellers and customers. These signs show a positive future for Vietnam's lychee in Japan

June 12, Vietnamese lychee continued to enter the French market, following the success of lychee being exported to the Czech Republic. France is considered as the second largest lychee import market after the Netherlands, therefore, the potential for Vietnamese lychees in the French market is huge. This is also the chance to bring more high quality products of Vietnam present in this large market.