Agro-fishery-forestry exports were estimated at 6.73 billion USD in Quarter 1, a year-on year increase of 3.1 percent, according to the Ministry of Agriculture and Rural Development.
Hanoi (VNA) ☂– Agro-fishery-forestry exports were estimated at 6.73 billion USD in Quarter 1, a year-on year increase of 3.1 percent, according to the Ministry of Agriculture and Rural Development.
During the period, the country shipped some 1.59 million tonnes of rice to foreign countries and brought home 692 million USD, up 41.6 percent in volume and 40.8 percent in revenue against the same time last year.
Indonesia emerged as Vietnam’s largest rice importer with 31.42 percent of market share, followed by China with 17.15 percent.
Strong growth markets include the Philippines and Malaysia while a sharp fall in rice consumption was recorded in Ivory Coast and Singapore.
The value of aquatic exports in the quarter was calculated at nearly 1.36 billion USD, rising 1.7 percent from 2015. Accounting for 51.84 percent of the market share; the US, Japan and China remained Vietnam’s largest seafood consumption markets.
Likewise, overseas shipments of 479,000 tonnes of coffee earned 808 million USD, annual gains of 30.2 percent and 5.7 percent in volume and value, respectively.
In stark contrast, the volume of tea exports declined by 5 percent to 23,000 tonnes, compared to the same time in 2015. As such, its revenue was down 10.2 percent to 35 million USD.
The country also splashed out 5.31 billion USD on agro-forestry-fishery imports in Quarter 1, down 3.9 percent against the same period last year. Imports of major products were 3.77 billion USD, a year-on-year drop of 9.7 percent.-VNA
The agro-forestry-fisheries export turnover in September was estimated at 2.15 billion USD, bringing the nine-month figure to 21.65 billion USD, down 5 percent against the same period last year.
Up to 100 locally- and regionally-famous farm, handicraft and industrial products will be named and honoured in Hanoi, Director of the Department of Local Industry.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.