#exports

In this period, the sector posted a trade surplus of 4.78 billion USD, representing a 12% increase, said Tran Gia Long, Deputy Director of the Planning and Finance Department.

With Vietnamese banana exports to Japan making up less than 1% of the Far East nation’s banana imports, there remains ample room for the export of bananas as well as other fruits to this market in the future, according to industry insiders.

Tra fish exports to member countries of the Association of Southeast Asian Nations (ASEAN) have been rising sharply, and this market is forecast to surpass the European Union in terms of catfish imports from Vietnam in the near future, the Cong Thuong (Industry & Trade) newspaper reported.

The opening nine months of the year saw Vietnamese exports to Australia reach more than US$4.2 billion, up nearly 34% on-year, while exports from the nation to the global market soared by 17.2%.

Vietnam has earned US$8.5 billion from seafood exports during the past three quarters, up 38% year on year, and the seafood export value is likely to hit US$10 billion by the end of November, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnamese textile and garment exports surged by 24.3% to over US$26 billion during the first eight months of the year, with the export value of the products reaching US$4 billion for the first time in August alone, according to data given by the General Department of Vietnam Customs.

The Ministry of Industry and Trade has warned that the global market will continue to be volatile ahead in the remaining months of the year, and local export businesses should keep a close tab on changes to seize opportunities.

Vietnam’s fruit and vegetable exports in July recorded growth for the second consecutive month, increasing 0.3% to US$260 million over June thanks to positive signs recorded in China, the country’s largest export market.

Vietnam’s tuna export turnover this year is anticipated to surge by 45% compared to last year’s figure to reach roughly US$1.1 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Vietnam Association of Seafood Exporters and Producers (VASEP) is optimistic about tra fish exports this year with a substantial demand recovery in import markets.

The growing demand for fresh dragon fruit and products made from dragon fruit in the Australian and New Zealand markets moving into the post-COVID period is seen as a prime opportunity for local enterprises to promote the export of the item.

The ongoing armed conflict between Russia and Ukraine has significantly affected Vietnamese tuna exports to these markets, according to Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam slipped into a trade deficit of nearly US$4 billion in the first half of February due to a fall in exports, according to the General Department of Vietnam Customs.

With robust export growth in both the United States and the EU markets last year, there are bright prospects ahead for Vietnamese shrimp exports in 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The country ranked fifth in terms of shrimp exports to the United States last year, with the nation being among one of the shrimp suppliers to this market to enjoy positive growth.

The Vietnamese Embassy in collaboration with the Vietnamese Trade Office in Australia is launching a programme to popularize Vietnam’s Tra (pangasius) fish in various Australian cities.

Vietnam’s agro-forestry-aquatic product exports surged 13.1% year-on-year in the first 10 months of 2021 to US$38.75 billion, according to the Ministry of Agriculture and Rural Development.

Vietnamese shrimp exports surged by 14% to reach US$2.2 billion during the opening seven months of the year, especially in markets which have signed Free Trade Agreements (FTAs) with the nation thanks to the implementation of preferential tariffs.