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Vietnam: Agricultural exports up 28 2 percent
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VIETNAM BUSINESS NEWS JULY 2
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VIETNAM BUSINESS NEWS MAY 11 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
11/05/2021 14:09 GMT+7
Vietnam would continue to be world’s second largest rice exporter: US department
The US Department of Agriculture (USDA) has forecast that Vietnam would maintain its position as the world’s second biggest rice exporter this year.
According to the department, Vietnam will export 6.4 million tonnes of rice in 2011, an increase of 233,000 tonnes compared the volume recorded in the previous year.
It is likely that India will remain the largest rice exporter in the world, with 15.5 million tonnes rice shipped abroad this year. Thailand will rank third with an estimated export volume of 6.1 million tonnes.
VIETNAM BUSINESS NEWS MAY 10 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
10/05/2021 14:01 GMT+7
Businesses advised to stay vigilant to maintain export growth
Despite a rise in export revenue in the first four months of this year, experts suggested that businesses should not be too optimistic as the COVID-19 pandemic has seen complicated developments both in and outside the country.
Statistics from the Ministry of Industry and Trade (MoIT) showed that export value in April grew 44.9 percent over the same period last year, while that in the first four months of 2021 expanded 28.3 percent year on year to 103.9 billion USD.
Vietnam: Reducing logistics costs to strengthen agricultural competitiveness
The Mekong Delta contributes about 90 percent of rice production, 65 percent of aquatic products and 70 percent of fruit production for Vietnam’s exports. However, besides the underdeveloped transport infrastructure, the Mekong Delta also lacks key logistics centers, satellite systems, food safety inspection units and qualified irradiation facilities. Just three logistics centers in the region are not enough to serve the whole region.
Ms. Ngo Tuong Vy, Deputy Director of Chanh Thu Fruits Import and Export Co., Ltd., stated that logistics costs for Vietnamese dragon fruits to the US and the EU currently account for more than 30 percent of production cost. Meanwhile, Thailand’s logistics costs for dragon fruits only account for 15 percent of the production cost.
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