Agro-forestry-fishery exports down 5 percent in nine months
The agro-forestry-fisheries export turnover in September was estimated at 2.15 billion USD, bringing the nine-month figure to 21.65 billion USD, down 5 percent against the same period last year.
Coffee export revenues down 32 percent in nine months (Photo: VNA)
The agro-forestry-fisheries export turnover in September was estimated at 2.15 billion USD, bringing the nine-month figure to 21.65 billion USD, down 5 percent against the same period last year.
Export revenue from key farm produce stood at 10.29 billion USD, down 7.2 percent, according to the Ministry of Agriculture and Rural Development.
Strong decreases were seen in coffee (32 percent), rubber (13.7 percent) and rice (15.7 percent).
Specifically, Vietnam shipped 4.47 million tonnes of rice abroad and raked in 1.92 billion USD, down 10 percent in volume and 15.7 percent in value.
The average export price of rice dropped 5 percent year-on-year to nearly 431 USD per tonne.
China remains the biggest rice importer of Vietnam, accounting for around 35 percent of the market share. Grain exports to Malaysia and Ghana strongly increased by 24 percent and 16 percent, respectively.
By the end of the third quarter, Vietnam grossed 1.96 billion USD from selling 961,000 tonnes of coffee, respective declines of 32 percent and 31 percent year-on-year.
The average export price of coffee stood at 2,054 USD per tonne, down 0.23 percent yearly.
Meanwhile, rubber exporters earned 1.06 billion USD from shipping 740,000 tonnes of products, up 6.6 percent in terms of volume but down 13.7 percent in value.
Among farm produce, the pepper market is thriving with increasing export prices and global appetites. The sector earned 1.04 billion USD from shipping 110,000 tonnes of pepper overseas.
Cashew nut brought in 1.78 billion USD from the export of 245,000 tonnes.
Prices of key aquatic products such as ‘tra’ fish and shrimp were not optimistic, causing seafood export turnover to drop 17.8 percent to 4.69 billion USD. The most considerable decrease was posted in the US market (30 percent).
Exports of key forestry products reached 5.03 billion USD, a yearly rise of 6.6 percent.-VNA
Agro, fishery and forestry export turnover in the first 8 months of this year decreased by 4.8 percent over the same period last year to 19.31 billion USD.
The US Department of Commerce on September 7 announced its final decision on the results of its ninth administrative review for anti-dumping duties on frozen shrimp imported from Vietnam.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Coffee export revenues down 32 percent in nine months (Photo: VNA)
