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Well Prepared for Lychee Consumption

Overall agricultural export in the first months of 2015 declined significantly, some items such as watermelon and onion encountered difficulties in consumption, while the prices of rice and coffee dropped. With 2015 lychee harvest season is set to start soon, the Ministry of Industry and Trade together with other concerned ministries and agencies, based on consumption records from the previous season, have been anticipating difficulties and planning ahead for lychee consumption – one of Vietnam’s key agricultural export items in 2015.

US is Vietnam’s largest importer

Vietnam’s exports to the US market in the first four months of the year surged to US$9.93 billion, up 15.7 percent compared to the same period last year, according to the statistics from the General Department of Vietnam Customs. 

Overcoming Difficulties in Export: Vital for Agriculture Development

Overcoming difficulties in export is a vital measure for the Vietnamese agriculture sector because Vietnam is producing more agricultural products than it needs,” said Cao Duc Phat, Minister of Agriculture and Rural Development, in remarks on the current declining export of agricultural, forest and aquatic products.

Footwear Export Targets at US$14 Billion in 2015

Vietnam targets to earn US$13.5-14 billion from footwear export in 2015 and bring the localisation rate to 65-70 percent.

Highlights of bilateral merchandise trade between Vietnam and Russia in first 10 months of 2014

In the first 10 months of 2014, Russia was ranked at 6th place among all Vietnamese trading partners in Europe and at 23th place among all the trading partners in the world. However, total merchandise trade value between these two country accounted for only 1% of Vietnam’s total export and import value to the world. It means that the economic potential in the relation between two nations has not been fully exploited.


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