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Update news export turnover
VietNamNet Bridge - China’s policy on focusing on their domestic market has prompted foreign importers to place more orders with Vietnamese enterprises.
In 2016, the livestock industry produced 54.5 million pigs, but domestic consumption was 35.8 million.
VietNamNet Bridge - The food market for Muslims is vast, with estimated value of $580 billion worldwide, but Vietnamese enterprises still have no business strategies to conquer the market.
VietNamNet Bridge - After many years of exporting products and becoming well-known in the world market, Vietnamese manufacturers are considering exploiting the domestic market. But the road has been bumpy.
VietNamNet Bridge - A ‘second export wave’ has been mentioned by Vietnamese experts as a response to technical barriers from importing countries.
VietNamNet Bridge - More and more Vietnamese enterprises are exporting goods via foreign supermarket chains.
Vietnam exports to the UK hit US$2.8 billion in the first seven months of this year, up 1.61% against the same period last year, according to the General Department of Vietnam Customs.
Vietnam may sue the US at the World Trade Organization (WTO) if the US Farm Bill adversely affects Vietnam’s exports.
VietNamNet Bridge - Improving the quality of exports is the top requirement that Vietnamese manufacturers must meet in order to have their goods accepted by foreign supermarket chains.
VietNamNet Bridge - With turnover of $375 million in May, fruit and vegetables were among the biggest export items for Vietnam, while imports of the same equalled $183 million.
VietNamNet Bridge - Because of Vietnam’s cross-border trade policy, domestic businesses are targeting short-term benefits and are not pursuing long-term business strategies in doing business with China.
VietNamNet Bridge - As the domestic cement supply has exceeded demand, exporting products is the only solution for cement manufacturers.
VietNamNet Bridge - China’s wooden furniture exports to the US and EU are declining, while Japan and South Korea are importing more from Vietnam.
More Chinese businesses have set up wooden furniture processing factories in Vietnam order to take advantage of preferential tariffs importers are offering to Vietnamese exports.
VietNamNet Bridge - Export growth has been slowing down for textile and garment firms, but the industry has not made a decision to target the domestic market.
VietNamNet Bridge - Here are six outstanding events of Vietnam’s agriculture in 2016
VietNamNet Bridge - Several African countries, which have been loyal partners with Vietnamese cashew exporters, are becoming competitors.
VietNamNet Bridge - Vietnam aims to increase export value of cashew nuts by more extensive processing instead of exporting raw or preliminarily processed products.
An attractive market with a forecast growth rate of no less than 10 percent and weak Vietnamese enterprises are why foreign investors in the packaging industry have entered the Vietnamese market.
VietNamNet Bridge - Vietnam is expected to be seriously affected if US policy restricts imports from China to protect domestic production.