VN must work hard to meet export targets
Tuesday, July 17,2018AsemconnectVietnam - Viet Nam’s exports of agricultural products are expected to face more challenges by the end of the year, so enterprises must follow market developments at home and abroad and improve the quality of their products, according to experts.
With the “yellow card”, all export seafood products from Viet Nam to the EU have had to be checked by the authorities of the importing country under the EU. That is a big barrier for Vietnamese products in one of the country’s major markets.
Minister of Trade and Industry Tran Tuan Anh said there would be no small difficulties for Viet Nam’s exports if the US-China trade war is prolonged. By year end, Viet Nam’s export goods are expected to face many challenges.
Importing countries would further strengthen protection measures, food safety standards and environmental protection standards. Those would make it difficult for Viet Nam’s export products to enter those markets.
Therefore, according to the Ministry of Industry and Trade, enterprises need to update market information and improve the quality of export goods, meeting strict regulations and standards in export markets, reported the Dai doan ket (Great Solidarity) newspaper.
The ministry said the fisheries industry must work hard by January 1, 2019 to remove the yellow card.
Of this, the export value rose by 9.7 per cent for agricultural products to reach $10.3 billion, by 10.5 per cent for seafood products to $3.94 billion and by 12.7 per cent for main forestry products to $4.33 billion compared to the same period last year.
Other products that recorded high export growth in the first six months of the year included rice (up by 42 per cent to $1.81 billion), vegetables and fruits (up by 20 per cent to $2 billion), cashew nuts (up by 16.4 per cent to $1.71 billion) and wood and wooden products (up by 12.1 per cent to $4.1 billion).
The US and China are the two largest export markets for Viet Nam’s farm produce, especially vegetables and fruit, so the trade war between the two countries would have a big impact on such products in Viet Nam.
With great supply and cheap price, Chinese vegetables and fruits will continue to compete with Vietnamese versions. Meanwhile, to avoid China’s high import tariff at 25 per cent for US agricultural products, the US is likely to promote export agricultural products to Viet Nam, including fruit as well as meat of cattle and poultry.
The Viet Nam Customs said in May, US meat imports accounted for 37 per cent of the total import meat volume to Viet Nam, becoming the largest exporter of meat to Viet Nam. The US exported 11,000 tonnes to Viet Nam in May, worth more than $13 million, a month-on-month increase of 50 per cent in value.
Coffee exports reached 1.2 million tonnes in first 8 months of 2023
DAILY: Vietnamese pepper prices increased by 500 VND on September 5
DAILY: Vietnamese coffee prices increased by 100 VND on September 5
Hanoi welcomes nearly 17 million tourist arrivals in eight months
Vietnam-Indonesia trade expected to exceed 15 billion USD soon
Legal changes expected to increase appeal of Vietnam's real estate market
Tax authorities to cut at least 20% of compliance costs related to business activities
FDI in Vietnam totaled over 18 billion USD in first 8 months of 2023
Vietnam’s exports and imports of goods increased in August
Textile, garment exports to Canada to likely reach US$2 billion
Vietnam steel market update: Prices hit 3-year low
Niche markets, opportunities for textile, garment exports
Vietnam seafood market update: Tuna exports narrow the decline
Over 416 million USD invested abroad in 8 months
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...