Building on robust bilateral trade growth and China's rising demand for Thai products, such as rice, cassava, and durian, the Ministry of Commerce is pushing to make further inroads into the Chinese market.
Cassava recorded the strongest export growth rate in January, as Vietnam shipped 76,118 tonnes abroad, earning 19.9 million USD, up 369.6% month-on-month in volume and 340.8% in value, according to the General Department of Vietnam Customs.
Thailand's exports of cassava and cassava products are estimated at 9 million tonnes this year, down from 11 million tonnes last year due to reduced output caused by drought, according to the Foreign Trade Department under the Ministry of Commerce.
Laos’ total trade value in February was estimated at 962 million USD (excluding electricity export), according to Lao Ministry of Industry and Commerce.
The Vietnam Cassava Association has proposed the Government does not implement a recent decision on value-added tax (VAT) refunds for cassava starch products as it will create difficulties for the cassava industry.
Indonesia and the European Union (EU) have successfully finished the amendments of their tariff rate quotas (TRQ) on cassava products after the UK left the union.
Exports of cassava and cassava-based products were estimated to be worth 443 million USD in the first four months of the year, a year on-year increase of 23.9 percent, according to the Agro Processing and Market Development Authority.
Vietnam achieved cassava export growth in both volume and value in the first quarter of this year despite experiencing difficulties, according to the Ministry of Agriculture and Rural Development (MARD).
More than 10,000 sugarcane–farm households in the central province of Phu Yen are earning higher profits thanks to the use of bagasse from a sugar factory to produce electricity.
Vietnam will continue to face difficulties in exporting cassava this year, especially to China, the largest export market of local cassava, according to the Vietnam Cassava Association.
Thailand is eyeing economic opportunities at the 17th Meeting of the ASEAN-Korea Free Trade Agreement Implementing Committee (AKFTA-IC) in Seoul from February 12-14.
The Department of Crop Production under the Ministry of Agriculture and Rural Development (MARD) has set the goals of 1.7 percent production growth and 21 billion USD in export revenue for the cultivation sector in 2019.
Vietnam’s agro-forestry export revenue is estimated to reach 40 billion USD in 2018, but contributions from products of industrial plants have stayed modest.
Agro-forestry-fishery exports were estimated to reach 2.69 billion USD in November, pushing total figure so far this year to 29.1 billion USD, a rise of 5.9 percent over the same period last year.
Exports of cassava and cassava-based products have declined significantly this year, according to the Ministry of Agriculture and Rural Development (MARD).
