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Over 634,000 motorbikes were sold in Vietnam in the first three months, translating to almost five units every minute. The figure dropped by nearly 16% year-on-year, according to the Vietnam Association of Motorcycle Manufacturers, which comprises Honda,…
Vietnam’s rice export prices grew 9.2% year on year to $532 per tonne in the first quarter of 2023, said the General Department of Vietnam Customs. The price increase was attributed to a surge in the proportion of high-quality rice such as fragrant,…
Tuna exports to the U.K. tripled year-on-year in the first two months even as shipments to some main markets like the U.S. and E.U. plunged. Exports to the U.K. were worth US$1.3 million, enabled by a 13-fold rise in February, according to the Vietnam…
Vietnam exported 1.7 million tonnes of rice in Q1 worth over $900 million, a 19% increase in quantity and 30% rise in value over the same period last year, according to Vietnam Customs. According to the Ministry of Industry and Trade (MoIT), Vietnamese rice…
Vietnam’s exports to Russia fell by nearly 60% year-on-year to US$205 million in the first two months of this year. Iron and steel, footwear and electronics exports almost came to a halt while those of agriculture produce like rice, vegetables and seafood…
Durian prices have plunged by half in nearly two months as harvest season approaches and supply is abundant. Farmers in the southern provinces of Tien Giang, Long An, Binh Phuoc, and Dong Thap sell their Ri6 durian for VND75,000-VND85,000 per kilogram…
Vietnam’s fruit and vegetable exports in the first two months of this year increased by 17.8% year-on-year to US$592 million. China accounted for 57.5% of the exports, according to the Ministry of Agriculture and Rural Development’s department of agricultural…
Vietnam’s shrimp exports face challenges with prices decreasing and competition from Ecuador and India intensifying, according to the Vietnam Association of Seafood Exporters. Global prices have decreased since the second half of last year and are expected to…
Minh Phu Seafood Corp., a leading shrimp exporter, reported consolidated after-tax profits of nearly VND840 billion (US$35.6 million) last year, up 27% from 2021 and its highest since 2015. Its revenues rose by 20% to VND16.43 trillion. According to the…
Experts said that Vietnam must develop national fruit product brands to increase added value and competitiveness in international markets. Although fruits bring in billions of U.S. dollars in export revenue annually, Vietnam has no well-established fruit…
Major pork producers posted losses in the last quarter of 2022 as animal feed costs rose and consumer demand dropped as people tightened spending. Dabaco Vietnam, the country’s biggest husbandry firm, recorded a VND79 billion ($3.34 million) loss in the last…
The export turnover of wood and wood products is expected to set a record high of $18 billion in 2023, with wood pellets and woodchips forecast to enter the one-billion U.S. dollar club. President of the Vietnam Timber & Forest Products Association (Viforest)…
Several Vietnamese fruits have found their way to major markets in China and the U.S. in 2022, opening up the door for Vietnam to send more high-quality produce overseas. After four years of negotiation, Vietnam finally exported its first batch of fresh…
Vietnamese exports to China will no longer be subject to Covid testing from January 8th, the Ministry of Industry and Trade has announced. The ministry urged localities and businesses to update goods clearance processes at border gates in order to streamline…
Vietnam exported 1,700 tonnes of mango to South Korea for $7.4 million over the past 11 months of 2022, up 19% in volume and 25% in value year-on-year, according to the Agency for Foreign Trade under the Ministry of Industry and Trade. These figures helped…
Vietnam’s seafood exports this year could reach $11 billion for the first time, spearheaded by shrimp, pangasius and tuna, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Truong Dinh Hoe, VASEP general secretary, said at a…
