Vietnam earns US$1.4 billion from rice exports in Q1
Vietnam is targeting $5 billion in rice exports this year. The country currently ranks third in the world in terms of rice exports.
Vietnam is targeting $5 billion in rice exports this year. The country currently ranks third in the world in terms of rice exports.
The Hanoi People's Committee has approved a project focusing on the development of export and import markets for sustainable growth.
In 2024, Hanoi will continue to support One Product One Commune (OCOP) entities to standardize production processes for export.
The recovery momentum for shrimp exports will face numerous challenges in 2024, requiring Vietnamese shrimp businesses to make further efforts to overcome obstacles on the path to recovery.
China's opening of its market to Vietnamese watermelon, frozen and processed fruits is expected to boost Vietnam’s total export turnover of farm produce to US$6.5 billion this year.
Hanoi has drawn up a plan to develop Japonica rice production and high-quality rice to meet export standards.
By the end of 2023, Vietnam had 11,054 One Commune One Product (OCOP) items, exceeding the 10% target set for 2021-2025.
The plan seeks to enhance livestock processing methods, bolster food safety measures, diversify product offerings, and broaden market and export prospects.
Hanoi has achieved exports of agricultural and forestry products worth more than US$1.3 trillion in the first nine months of 2023.
Vietnam's orientation is to focus on offshore wind power in combination with other renewable energy sources to produce new energy for domestic demand and export.
The city's total agricultural export value exceeded US$1.35 billion in January-September, up about 23% year on year.
Vietnam’s export growth is likely to accelerate further thanks to a favorable base effect in the last two months of the year.
The Hanoi Gift Show has reaffirmed its role as a reputable trade fair for handicraft exports in the Asia-Pacific region.
The development of handicraft products for export is a key policy of Hanoi, as they are a source of revenue growth.
Hanoi's Department of Industry and Trade has a number of measures in place to support businesses in their export efforts.
High demand from the Chinese market and the repercussions of droughts and floods in various countries prompted an increased import of Vietnamese fruits and vegetables.
Vietnam had exported 4.83 million tons of rice by the end of July, amassing US$2.6 billion in revenue.