Hapro signs agricultural contracts worth US$2 millionTuesday, October 30,2018
AsemconnectVietnam - Hanoi Trade Corporation (Hapro) has signed contracts for exporting agricultural products worth about 2 million USD at the world’s largest food innovation exhibition SIAL Paris.
The fair, which is taking place in Paris from October 23-27, has an exhibition area of nearly 250,000 sq.m, attracting about 6,500 businesses from more than 100 countries around the world. It is also expected to welcome more than 155,000 visitors from more than 190 countries.
Hapro’s booth features traditional exports of Vietnam such as rice, pepper, cashews, cinnamon, processed food, vermicelli, rice noodles, rice crackers, dried fruits, desiccated coconut and spices.
At the exhibition, Hapro welcomed about 100 customers to learn about the opportunities for cooperation. The corporation also signed export contracts for agricultural products including cashew nuts, desiccated coconut, pepper and cinnamon.
Hapro is also actively negotiating with clients to continue signing contracts to export key products such as rice, pepper, cashew nut, cassava starch, processed vegetables as well as dried fruits.
Prior to this, at the World Rice Conference held in Hanoi from October 10 to 12, Hapro inked three contracts to export rice to Malaysia and the US worth nearly US$2.5 million.
After the equitisation in June 2018, Hapro’s business activities have made remarkable changes. The corporation has launched a number of trade promotion activities, sought new markets, and strengthened exports.
According to Hapro’s chairwoman Nguyen Thi Nga, in the coming time, Hapro will focus on improving export turnover and making Hapro brand become the leading international brand in the region.
Besides developing commercial infrastructure in Hanoi and other provinces or cities across the country to serve retail development, Hapro boosts the export of key agricultural products and foodstuffs of Vietnam as well as handicraft products to 80 countries and regions in the world.
In the first nine months of 2018, Hapro’s export turnover reached US$89 million, equaling 122% over the same period last year. The corporation’s revenue hit over VND3.9 trillion (US$167.2 million), a year-on-year increase of 20%.
Some export items continued to have high growth rates such as cashew nut with US$62 million (up 15%) and rice with US$12 million (up 22%) over the same period in 2017.
Hapro strives to achieve total revenue of VND9 trillion by 2020, an increase of 45% compared to 2018 with 80% of revenue coming from exports, said Hapro’s general director Vu Thanh Son.
Vietjet sees 1,355 flights delayed in Oct
PVN hands over industrial park to Tien Giang
ANZ marks 25-year operation in Vietnam
SunRice Group acquires rice processing mill in Mekong Delta
Nghi Son refinery to contribute over US$342 million to State budget
Numerous firms still ignore with sustainable development goals
VinFast cuts deal with Petrolimex to build service chain for vehicles
Factory processing export coffee opens in Sơn La
Thang Long Industrial Park III’s first phase inaugurated
WeWork to tap coworking-space market in Vietnam
Vinamilk explores path to Chinese market
Mitsubishi wants to build waste-to-energy plants in HCM City
European business remains positive about doing business in Viet Nam
PetroVietnam Technical Services awarded $176m equipment contract for Sao Vang-Dai Nguyet gas project