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Posts Tagged ‘export’

Cashew export value to reach 1b USD for first time

In Uncategorized on December 16, 2010 at 9:26 pm




Cashew export value to reach 1b USD for first time


QĐND – Thursday, December 16, 2010, 21:3 (GMT+7)

The cashew industry is expected to top the 1 billion USD mark in export value this year for the first time, helping the country maintain its position as the world’s leading cashew exporter for the fourth consecutive year, the Vietnam Cashew Association (Vinacas) says.


The industry was predicted to export 198,000 tonnes of cashews, earning 1.14 billion USD for this year, said Nguyen Thai Hoc, Vinacas chairman. Exports would jump by 11.8 percent in volume and 34 percent in value against last year.


A year-on-year increase of 32 percent in value to 1.5 billion USD was projected for next year, Hoc said.


“It might be difficult to hit this target because the industry may lack raw materials and workers for processing export products. It may also have to struggle due to low product diversification and increased processing costs.”


“However, Vinacas hopes that the business environment at home and abroad will help the industry reach next year’s target,” he added.


The association had already completed a draft development strategy for the cashew industry by 2015 and towards 2020 to submit to the Government and other relevant ministries and sectors, Hoc said.


According to the Ministry of Agriculture and Rural Development, the industry exported 179,000 tonnes of cashew in the first 11 months of this year, worth 1 billion USD, a year-on-year increase of 11 percent in volume and 31.9 percent in value.


The average export price of Vietnamese cashew jumped by 27 percent to 6,000 USD per tonne compared with the same period last year, said Hoc.


Vietnam ‘s cashew nuts are exported to 52 countries and territories, including the United States , China and the European Union.


Source: VNA


Source: QDND

Dragon fruit export increases

In Uncategorized on November 18, 2010 at 7:57 pm

Furniture export expected to achieve more than US$4 billion

In Uncategorized on November 11, 2010 at 8:23 am

Mekong Delta to export 600,000 tonnes of tra fish in 2010

In Uncategorized on May 18, 2010 at 1:08 am




Mekong Delta to export 600,000 tonnes of tra fish in 2010


QĐND – Tuesday, May 18, 2010, 7:55 (GMT+7)

The Mekong Delta provinces will export 600,000 tonnes of tra fish in 2010, worth 1.5 billion USD, up nearly 160 million USD over the previous year, according to the Ministry of Agriculture and Rural Development (MARD).


To achieve this goal, the region will expand the tra breeding area to 8,600 hectares this year, up 2,440 hectares against 2008. The expansion will be mostly in Dong Thap, An Giang, Tien Giang, Vinh Long, Hau Giang, Ben Tre province and Can Tho city.


The Mekong Delta provinces pledge to created favourable conditions for local farmers to boost sales on the domestic market through wholesale fish markets, restaurants and hotels.


To ensure an adequate long-term supply of tra fish, MARD plans to establish four high-quality breeding farms in An Giang, Dong Thap, Ben Tre province and Can Tho city. The ministry will also equip nine tra farming provinces and cities with a laboratory to check on the quality of feeds, fish fries and fish products.


Source: VNA


Source: QDND

Export of raw minerals must be stopped

In Uncategorized on May 16, 2010 at 5:05 pm




Export of raw minerals must be stopped


QĐND – Sunday, May 16, 2010, 21:29 (GMT+7)

Regulations on mineral exploitation must be elaborated and supplemented to effectively prevent exploitation of raw minerals only for short-term benefit, said Dr Tran Du Lich, deputy head of the Ho Chi Minh City National Assembly delegation.


He made the statement at an online conference held May 14 to collect feedbacks about proposed amendments to the Mineral Law. The event was jointly held by the National Assembly’s Economic and Financial Committee and the Ministry of Natural Resources and Environment.


Dr. Lich also demanded regulations on the rights and interests of people living in mining areas be more specified.


Meanwhile, leaders of several provinces and cities, including Hai Phong and Thai Nguyen, said provincial and district level authorities should be more empowered in granting licenses to small-scale mining projects.


Hoang Quoc Vuong, deputy chairman of the Thai Nguyen Province People’s Committee, said: “According to the amendments, provincial people’s committees are authorized to license small mining projects after the Ministry of Natural Resources and Environment announces its mining plans that include such projects. This regulation will delay the development of mining projects, since we have to wait for the ministry’s policy.”


Vietnam now has about 1,500 businesses operating in mining exploration and exploitation, compared to just 427 in 2000, according to report at the conference.


The same day, at a seminar titled “Mineral resources and Vietnam’s sustainable development” held by the Vietnam Union of Science and Technology Associations (VUSTA), many experts demanded that regulations on mineral exploitation be tightened to protect the country’s mineral resources.


Dr. Nguyen Khac Vinh, chairman of the Vietnam Union of Geological Sciences (VUGS), said: “The Union will propose competent agencies to re-organize the mineral exploitation and stop the export of raw minerals.”
 
Except some large-scale projects developed by domestic or foreign groups using advanced technologies, most mining projects are of small scale and apply obsolete mining techniques, VUSTA said.


As a result, the loss of minerals in the mining process has been very high, with rates of loss ranging from 15 percent to 50 percent of the reserves, depending on kinds of exploited minerals, it said.


Scientists also warned that many mining projects have been creating serious environmental pollution problems. In addition, the illegal mineral exploitation in some provinces has caused social and economic consequences, they added.       


Experts blamed what they called “mineral bleeding” on the uncontrolled granting of mining licenses by leaders of several provinces and cities. “Those leaders have paid much more attention to boosting GDP growth than building sustainable economic development.”


Moreover, problems resulted from mining projects are hard to be resolved since there have yet to be a single agency that has enough power to control all parties engaged in those projects, experts said.

Source: Saigon Giai Phong

Source: QDND

Vietnam to open an export support center in Russia

In Uncategorized on April 18, 2010 at 3:39 pm




Vietnam to open an export support center in Russia


QĐND – Sunday, April 18, 2010, 21:32 (GMT+7)

Vietnam’s Export Support Center in Russia is planned to begin operations in 2011, according to Pham Quang Niem, head of the Russia-SNG Office, Europe Market Department under the Ministry of Industry and Commerce.


The center is located 70-80km away from the capital of Moscow.


In addition to incentives on land rental, Russia pledged to offer Vietnam other benefits.


Once the center is operated, it will act as an industrial zone and a bonded warehouse.


After Vietnamese products are directly exported to Russia, this center will process and pack them before distribution to Russian suppliers.


The Europen Market Department is introducing this center to Vietnamese entrepreneurs to work out investment plans.


Vietnam and Russia plan to obtain the goal of a US$3 billion two-way turnover in 2010 and US$10 billion two-way turnover by 2020.


Source: DDDN


Translated by Mai Huong


Source: QDND

VN to export 2 m tonnes of rice in 2nd quarter

In Uncategorized on April 10, 2010 at 5:16 pm




VN to export 2 m tonnes of rice in 2nd quarter


QĐND – Saturday, April 10, 2010, 21:8 (GMT+7)

Local food companies expect to export around 2.1 million tonnes of rice in the second quarter of this year, according to the Vietnam Food Association (VFA).


The VFA said demand on the world rice market remains unstable, driving down the short-term prices for the staple.


At present, Vietnamese exporters are still finalizing contracts to export 800,000 tonnes of rice to the Philippines. Yet, 25 percent of the package has been sold through foreign intermediaries at relatively low prices.


Pham Van Bay, VFA Vice President said local exporters are now facing more competitive contestants – Myanmar and Pakistan–which offer rice at lower prices.


Therefore, he said, the VFA will provide flexible guidance to farmers and companies in order to increase their exports to the world in the coming time.


The VFA advised farmers not to hastily sell off their stores, confirming that the second state acquisition of rice, 500,000 tonnes, will be conducted at the unchanged price level of 4,000 VND (over 0.2 USD) per kg of unhusked rice.

Source: VNA

Source: QDND

Export turnover to Japan keeps rising

In Vietnam Economy on March 15, 2010 at 6:26 pm




Export turnover to Japan keeps rising


QĐND – Monday, March 15, 2010, 20:56 (GMT+7)

Vietnam’s export turnover to Japan has so far reached over US$1.7 billion thanks to tax incentives from the ASEAN-Japan Comprehensive Economic Partnership (AJCEP) that officially came into effect in December 2008.


Mr.Tran Ba Cuong, Head of the Department of Goods Origin and Quality under the Ministry of Industry and Trade (MoIT), said this figure accounts for 27.81% of the Vietnam’s total export turnover to Japan, of which textile-garment products top the list with a turnover of nearly US$955 million, followed by electric wire and cable products with a total value of around US$630 million.


Mr. Cuong commented that AJCEP in April will continue to carry out tax reductions for several kinds of Vietnamese goods such as aquatic, vegetable, footwear products…


Source: TTO

Translated by Vu Hung

Source: QDND

Vietnam wins rice export contract to Iraq

In Vietnam Economy on March 3, 2010 at 3:39 am




Vietnam wins rice export contract to Iraq


QĐND – Monday, March 01, 2010, 22:8 (GMT+7)

Vietnam has won a contract to ship 90,000 tonnes of five-percent broken rice to Iraq, announced by the Northern Food Corporation on March 1.


The Corporation, which was assigned by the PM as the main body for rice exports to Iraq, has negotiated and taken part in bidding for the contract.


With its prestige in business, the Corp. and the Vietnam-Iraq Rice Processing Joint Venture won contract for 60,000 tonnes of rice in October 2009, and is preparing for delivery now.


The last bidding finished on February 28 and Vietnam continued to become a winner with large amounts of rice bid. Between March and May 2010, Vietnam will export 150,000 tonnes of good-quality rice to Iraq.


Previously, the Prime Minister directed the Ministry of Finance to buy 50,000 more tonnes of rice from farmers for national reserves in 2010. On February 25, the Vietnam Food Association (VFA) guided its 30 members to buy up 1 million tonnes of rice for reserves to stabilise prices in the winter-spring season in the Mekong River Delta.

Source: VOV

Source: QDND

Export turnover reaches US$8.9 billion

In Vietnam Economy on March 3, 2010 at 3:38 am




Export turnover reaches US$8.9 billion


QĐND – Tuesday, March 02, 2010, 22:28 (GMT+7)

Exports nationwide gained US$3.9 billion in February, raising the total figure of turnover in the first two months of this year to over US$8.9 billion, matching the same period in 2009.


According to the Ministry of Industry and Trade, exports in January-February showed optimistic signs. Many exports increased sharply against the same period last year, including crude oil (by 74 percent), coal (by 45 percent), rubber (by 86 percent) and rice (by 24 percent).


In February alone, imports gained US$4.7 billion, raising the turnover in the first two months of this year to US$10.65 billion, an increase of 40 percent compared to the same period in 2009.


In general, imports of raw materials and fuel climbed sharply, showing that the economy is stabilizing and production is expanding.


Source: VOV


Source: QDND