return icon Vietnamnet.vn

Ministry targets no drop in exports this year despite COVID-19

The Ministry of Agriculture and Rural Development has targeted no drop in export value of agricultural products this year, even though the sector was hit hard by the novel coronavirus (COVID-19) pandemic from the beginning of this year.

 

 

Customs officials of Tan Thanh Border Gate check agricultural products before clearance. Viet Nam kept the goal of agricultural export at US$43 billion despite the COVID-19 pandemic. 

 

 

The ministry said that exports to China were seeing signs of recovery. As the COVID-19 pandemic was now under control in China, demand for import of agricultural products was expected to increase from next month.

The ministry said that trade via borders with China was normalising, but at a slower speed due to compliance with quarantine rules.

Exports to the US and European Union (EU) might recover from June or July when these countries managed to control the pandemic, while those to Japan and the Republic of Korea was anticipated to increase from June, but the increases would not be rapid.

The ministry kept the goal for agricultural export at US$42 billion in 2020, as set at the beginning of this year. Exports to China were expected to increase by 10 per cent, to ASEAN and other markets by 9 per cent to make up for the declines in export to the US and EU so as to achieve the target.

Achieving this goal was challenging, as the sector was hit hard by the COVID-19 pandemic from the beginning of this year, the ministry said, adding that it was necessary to develop not only solutions to cope with the impacts of the pandemic but also long-term solutions to promote sustainable agriculture development.

As China cut tariffs on 80 out of 800 food product categories to promote imports so as to meet its domestic demand together with focus on facilitating transport operation, the ministry said that this provided a significant opportunity for Viet Nam to boost export of agricultural products to the neighbouring market in 2020.

The ministry urged firms to focus on processed products and enhancing quality to grasp the opportunity for exports to China, the US and EU when the pandemic was over.

The ministry also urged to the Government to provide agricultural firms with packages of preferential rates to enable them to recover production rapidly. Support should also be provided to logistics and warehouse companies.

Policies for tax and land fee extensions must be issued early, the ministry said.

Agro-forestry-fishery exports totalled US$41.3 billion in 2019, up 3.2 per cent over the previous year but fell short of the target set at $43 billion.

The exports in the first two months of this year were estimated at $5.34 billion, a drop of 2.8 per cent over the same period last year. — VNS

PM orders suspension of signing rice-exporting contracts

PM orders suspension of signing rice-exporting contracts

Prime Minister Nguyen Xuan Phuc has ordered a halt of signing new rice-exporting contracts, the Government Office said in a latest document concerning this matter.

VN seafood exporters floundering due to COVID-19

VN seafood exporters floundering due to COVID-19

A survey by the Vietnam Association of Seafood Exporters and Producers (VASEP) found that the novel coronavirus (COVID-19) pandemic was hitting seafood companies hard, especially since the beginning of March.  

MORE NEWS

Proposal to connect excess biogas power to national grid

Large-scale livestock farms using biogas technology report that they are only able to utilize about 20-30 percent of the electricity generated from biogas, with the remainder going to waste due to a lack of suitable consumption options.

Vietnamese coffee finds ways to gain foothold in RoK market

Supporting start-ups in building coffee shops in the Republic of Korea (RoK) is among the recommendations by the Vietnam Trade Office in the RoK to help spread the Vietnamese coffee culture in this country.

Chickenpox cases soaring in Hanoi, mostly in children

The Center for Disease Control (CDC) in Hanoi yesterday reported that the capital city of Hanoi had 70 cases of chickenpox last week.

Vietnamese fashion designer introduces 100 Ao Dai designs in Rome

Leading Vietnamese fashion designer Minh Hanh is set to showcase her collection of 100 Ao Dai (traditional long dress) at the heritage space of Mercati Di Traiano in Rome on March 31.

VN boxer through to Women’s World Boxing Championships’ quarter-finals

Vietnamese fighter Nguyen Thi Tam has progressed to the quarter-finals of the International Boxing Association (IBA) Women’s World Boxing Championships, which is getting underway in New Delhi, India.

VN textile, garment firms switching to green production

Textile and garment businesses in Vietnam are taking steps to switch to green production to meet partners’ demand and achieve sustainable development, the Cong Thuong (Industry & Trade) newspaper reported.

Vietnam – fourth biggest rubber supplier of RoK

Vietnam was the Republic of Korea (RoK)’s fourth largest supplier of rubber in the first two months of 2023, according to the Import-Export Department under the Ministry of Industry and Trade.

Brand-new automobiles to be exempt from first mechanical check

Brand-new automobiles will be exempt from the first mechanical check under a revised circular on technical safety and environmental protection promulgated by the Ministry of Transport.

Ministry proposes extending visa-free stay to 30 days, e-visa to 90 days

E-visa holders might be able to stay in Vietnam for up to 90 days, three times longer than the current 30 days, according to a proposed amended Law on Foreigners’ Entry into, Exit from, Transit Through, and Residence in Vietnam.

VIETNAM NEWS HEADLINES MARCH 22/2023

PM chairs dialogue with youngsters nationwide

Ministry threatens to punish telcos for junk-simcards

The Ministry of Information and Communications (MIC) is intending to mete out punishment with a heavy hand to telecom carriers that do not stop junk sim-cards in the market.

Vietnam moves up in ranking of internet speed

The quality of internet service has improved following instructions by the Ministry of Information and Communications (MIC). Vietnam now ranks 39th globally in terms of fixed internet and 52nd in mobile internet speed.

Banks hold US$8 billion worth of corporate bonds

The proportion of corporate bonds to total assets of commercial banks is not too large but risks still exist, especially if banks hold bonds of weak real estate firms, according to Le Hong Khang from FiinRatings.

Small ship itineraries in Vietnam amongst best Southeast Asia cruises

Small ship itineraries along Ha Long Bay, the Red (Hong) River and the Lower Mekong River in Viet Nam were named among the top four best Southeast Asia cruises by the U.S. travel guidebook series Frommer’s.
back_to_top