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Seafood export value down in January

Việt Nam’s total seafood export value in January fell by 12.5 per cent to US$644 million year-on-year due to the impacts of the novel coronavirus epidemic, according to the Việt Nam Association and Seafood Exporters and Producers (VASEP).

Efforts to improve Cross-Border Trade Transactions Index

Although the efforts of the General Department of Customs (Ministry of Finance) have brought about positive results, it is necessary to take active efforts to improve the ranking in the cross-border trade transaction index through efforts of specialized management agencies,enterprises in port warehousing and logistics enterprises.

Steering committee to guide maritime economy

Prime Minister Nguyễn Xuân Phúc has recently issued a decision to establish a national steering committee to implement Việt Nam's marine economic development strategy by 2030, with a vision to 2045.

VN acts to improve labour productivity

Việt Nam will launch a national programme to improve labour productivity, a critical factor for the middle-income country to enhance its competitiveness and develop.

Domestic consumption of farm produce needs to be promoted to offset exports reduction

Local authorities and businesses are making efforts to promote domestic consumption of agricultural products, which are piling up due to the impact of novel coronavirus outbreaks in China.

Nine sectors that will be negatively affected by the coronavirus epidemic

SSI Securities Company has just released a report assessing the impact of the coronavirus on 23 groups of industries. In particular, SSI gave negative reviews to nine industry groups, neutral assessments for 10 sectors and four sectors were positively evaluated based on the effects of the coronavirus.

Continuing to boost rice exports

Vietnam exported approximately 6.34 million tonnes of rice with a total value of US$2.79 billion in 2019, up 3.9% in terms of quantity but down 9.7% in terms of value compared to 2018. It’s been predicted that rice exports in 2020 will continue to face numerous difficulties regarding export quality and markets.

Import and Export turnover with China drops sharply due to coronavirus epidemic and Tet holiday

The coronavirus epidemic and long Tet holiday has caused import-export turnover in January and China in particular to plunge.

Vietnam Introduces Resolution to Deal with Origin Fraud and Transshipment

The Vietnamese government introduced Resolution 119/NQ-CP(Resolution 119) in December 2019 to address increasing cases of origin fraud and illegal transshipment. Origin fraud or transshipment is when exports from one country, such as China, are minimally processed or altered during a brief stop in a third country, such as Vietnam, and then re-exported as a product originating from that country.

Tra fish exports likely to recover this year

This year is believed to be a brighter year for the domestic tra fish industry with exports inching up in the first quarter, according to an official from the Việt Nam Pangasius Association.

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