Update news vietnam's exports
Vietnam's agricultural exports to China are facing increasing difficulties due to tightening export requirements, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam has issued a national action plan on building a transparent, responsible and sustainable food and food stuff system to 2030, with a goal of maintaining the export turnover of over US$30 billion each year.
The import-export revenue of agro-forestry-fisheries products in the first quarter of this year was estimated at 20.63 billion USD, down 11.2% year on year, according to the Ministry of Agriculture and Rural Development (MARD).
Between the beginning of the year and mid-February Vietnam’s exports decreased by 9.2% to US$37 billion against the same period from last year due to rising inflation in major markets globally.
Vietnam, one of the EU’s main importer of forestry-based products is facing great challenges in adapting to these new policies from the EU.
The first consignment of Dien pomelo from Yen Thuy in Hoa Binh has reached the UK, while farm exports to China have picked up again.
With continuous strong growth in recent years, processed fruits and vegetables have officially entered the one-billion-USD export club.
The nation’s exports to the Americas region reached US$8.21 billion in January, whilst it imported US$1.64 billion from the market, according to data released by the Ministry of Industry and Trade.
Phones and components achieved an export turnover of US$57.9 billion last year, a year-on-year increase of only 0.8 per cent.
Vietnam had 15 items earning more than US$1 billion each from exporting to Europe and America in 2022, reported the European-American Market Department, under the Ministry of Industry and Trade.
Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy, said industry insiders and policymakers.
United Kingdom (UK) imports from Vietnam amounted to US$6.06 billion last year, rising by 5.2% over 2021, according to the General Department of Vietnam Customs.
A number of herbs and spices imported by the European Union (EU) from Vietnam will face fewer checks when entering the bloc.
A number of importers of the United States and the Netherlands have surprisingly sealed sale deals with Vietnamese businesses during the first days of the lunar New Year despite anticipated market difficulty in the year ahead.
Vietnamese small and medium enterprises (SMEs) have many digital export opportunities when Vietnam becomes a new global production area.
Many export enterprises in many fields and industries in Southern provinces and cities have raised the difficulties that need to be removed when entering export markets.
The Vietnamese agricultural sector has performed well thanks to growing demands for products and enterprises’ performance bouncing back.