According to the General Administration of Customs of the People's Republic of China (GACC) Decree 248 and Decree 249, Vietnamese enterprises that want to export agricultural products and food to the Chinese market must register and be granted codes for food safety monitoring. By December, China has granted 2,426 product codes to Vietnamese enterprises to export to this market.
Ben Tre Province has been granted 25 growing area codes to export green-skinned pomelos to the EU and US markets. Of these, 11 codes have been granted for the US market with an area of 156.76 hectares and an output of 3,135 tons per year.
In the first ten months of 2022, the total bilateral trade turnover between Vietnam and Latin America gained US$18.7 billion, increasing 10.5 percent, of which Vietnam's export turnover to Latin America reached US$10.2 billion, surging 5.3 percent and the import turnover of Vietnam from Latin America hit US$8.6 billion, an increase of 17.3 percent.
The Ministry of Industry and Trade, on October 27, coordinated with the European Chamber of Commerce (EuroCham) to organize the Vietnam-EU Trade Forum in 2021 titled "EVFTA – Leverage for Trade and Investment Cooperation in the New Normal’. The meeting attracted more than 300 delegates from many provinces, cities, commercial counselors, domestic and European enterprises.
The Vietnam fruit map for digitization of tropical fruits, or the development of indigenous corn varieties is not only an economic story but also carries the pride of Vietnam – an agricultural country. In their career journeys, modern 9X-generation women still do not forget the strength of their homeland, bringing Vietnamese fruits to the international market and developing indigenous agricultural products to support the people of their hometown.
The Ministry of Science and Technology (MoST) informed that the Ministry of Agriculture, Forestry, and Fisheries of Japan (MAFF), on October 7, officially granted a Protected Geographical Indication (PGI) certificate for Binh Thuan dragon fruit after more than three years of carrying out procedures for the protection of geographical indications (GI) in Japan.
With the desire to conquer the world market by “make-in-Vietnam” products, domestic enterprises have brought many products with Vietnamese characteristics to participate deeply in the global supply and distribution chains. Many business owners confidently affirm that they are on the right track and have initially succeeded in conquering the world market.
The agri-food industry has been maintaining high resistance to the Covid-19 pandemic, with the potential to boost economic recovery. It posted a growth of 4 percent in 2020, equivalent to a gross domestic product (GDP) contribution of US$3.7 billion.
According to the Ministry of Industry and Trade (MoIT), the demand for Halal food in the world is increasing, not only among the Islamic community but also non-Muslims. The current global trade in Halal food is estimated at US$80 billion, accounting for about 12 percent of all global trade in agricultural and food products. This brings promising opportunities for enterprises importing and exporting agricultural products and foods in Vietnam.
It is estimated that each year, Vietnam is capable of processing, preliminarily processing, and preserving about 120 million tons of agricultural, forestry, and aquatic raw materials. Currently, Vietnam has eight billion-dollar export items, including vegetables, fruits, cashew nuts, rice, coffee, rubber, shrimp, wood, and pangasius fish. Vietnam's agricultural products are available in over 186 countries and territories.
With the signing of the Regional Comprehensive Economic Partnership (RCEP), member countries in the region, like Vietnam, will have more convenient transportation. The RCEP is expected to increase the export value of Vietnam's agriculture, especially fresh fruits and vegetables, thanks to the reduction in storage and logistics costs.
Vietnam’s export turnover to six Northern European countries in 2020 was equal to figures reported in the previous year despite difficulties posed by the COVID-19 pandemic, according to Vietnamese Commercial Counsellor in Sweden Nguyen Thi Hoang Thuy.
Last year, the agricultural sector had 16 projects on processing and preserving agricultural, forestry, and aquatic products with a total investment of about VND17.3 trillion. Generally, in the past four years, 67 factories had been put into operation. The agricultural sector strives to make processed agricultural products account for 30 percent of the total export value of the industry by 2030, and gradually turn Vietnam into one of the countries where processed agricultural products account for a large proportion.
According to the Ministry of Agriculture and Rural Development (MARD), after implementing the EU-Vietnam Free Trade Agreement for two months, the export of agricultural products to the EU has seen positive changes with the total agricultural export value from August 1 to the end of September estimated at US$711 million.
More than 150 importers from 28 countries and territories around the world yesterday had online transactions with Vietnamese agricultural products and food producers, traders and exporters in the capital city of Hanoi under the trade promotion program of the Ministry of Industry and Trade.