Thai fruits, vegetables to flood Vietnamese market

08:32 | 14/01/2018 Trade Follow Ven.vn on

The volume of fruits and vegetables imported from Thailand is expected to surge this year as import tariffs imposed on these products are reduced to zero percent, heating up pressure on their Vietnamese peers.

Thai fruits, vegetables to flood Vietnamese market

Customers are selecting fruits at a supermarket - Photo: sggp

In 2017, Vietnam imported over 1.55 billion USD worth of fruits and vegetables, an annual increase of 68 percent, with Thai products accounting for a lion’s share of the sum.

Thailand’s fruits and vegetables have secured a foothold in Vietnam and are taking up more shares in the market.

A number of Thai fruits such as durian, purple mangosteen and rambutan are also grown in Vietnam but still gain favour from local consumers. Thai fruits and vegetables have more stable and year-round supply compared to their Vietnamese peers.

The Vietnamese products were said to face shortcomings in post-harvest preservation process and packaging, making them less attractive to domestic consumers.

VNA

See more news

Bright future for wood pellet exports: experts

06:00 | 01/02/2023 Foreign trade

With the trend of green consumption, the demand for wood pallets will continue to rise in the future, experts said.

Vietnam posts trade surplus of 3.6 billion USD in January

10:03 | 31/01/2023 Foreign trade

Despite decreases in both imports and exports, the country still enjoyed a trade surplus of 3.6 billion USD in the first month of 2023, according to the General Statistics Office (GSO).

Agro-forestry-fishery exports set new record in 2022

15:20 | 27/01/2023 Infographic

Agro-forestry-fishery exports set a new record of over 53.22 billion USD in 2022, according to the Ministry of Agriculture and Rural Development.

Trade with UK: Record growth, untapped potential

06:00 | 13/01/2023 Foreign trade

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA) officially came into force on May 1, 2021. The two countries have seen bilateral trade growth despite the COVID-19 pandemic, and the UK is forecast to remain a promising export market for Vietnamese goods.

2022 foreign trade reaches a record high

08:12 | 04/01/2023 Longform

In 2022, Vietnam import and export turnover reached an estimated US$732.5 billion, the highest ever recorded. This is a great effort of ministries and sectors, including the Ministry of Industry and Trade in facilitating the domestic businesses to make effective use of free trade agreements (FTAs) and administrative reform, creating the most favorable conditions for import and export activities.

Garment exports expected at more than US$45 billion in 2023

16:29 | 03/01/2023 Foreign trade

An important factor underpinning the growth of the textile and garment industry is the growth of the domestic supply of raw materials, which increases year over year.

First cargo welcomed in Hai Phong, Da Nang

10:20 | 03/01/2023 Foreign trade

Three terminal branches of Hai Phong Port JSC in the northern port city of Hai Phong on January 1 welcomed first cargo of 2023.

Vietnam targets textile-garment export growth

06:00 | 03/01/2023 Major exports

(VEN) - Free trade agreements (FTAs), especially new-generation ones, are expected to help Vietnam reach a textile and garment export value of US$45-47 billion in 2023.

The path to fostering green exports

06:00 | 30/12/2022 Trade

(VEN) - Data from the recent Vietnam Export Promotion Forum 2022 organized by the Ministry of Industry and Trade and the European Chamber of Commerce (EuroCham) in Vietnam show that businesses in various sectors have renewed production to meet green manufacturing standards for exports, enhancing the competitiveness of Vietnamese goods in the international market.

Agro-forestry-fishery exports to UK overcome barriers

06:00 | 28/12/2022 Major exports

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA), effective since May 1, 2021, has created favorable conditions as well as challenges for Vietnamese agro-forestry-fishery exports to this market.

Latest Most Read

Foreign visitors to Vietnam surge 44.2 times

09:12 | 08/02/2023 Infographic

Vietnam welcomed 872,000 foreign visitors in January, up 44.2 times against the same time last year, according to the General Statistics Office.

British official in Vietnam to boost accession to CPTPP

09:00 | 08/02/2023 News and Events

Minister of State Greg Hands of the UK Department for International Trade recently arrived in Hanoi for high-level trade talks on how the UK joining of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will boost the economic firepower of the world’s most dynamic trade bloc, according to the British Embassy.

Banks lower saving interest rates right after Tet

08:22 | 08/02/2023 Finance-Banking

The race of interest rate hikes among commercial banks is showing signs of cooling down as many banks have adjusted down the rate by several percentage points per year after the Lunar New Year (Tet) holiday and have set stricter conditions for customers to enjoy the high rates.

Positive signs for Vietnam’s labour market

07:00 | 08/02/2023 Society

Vietnam will continue to be affected by a labour shortage in the first and second quarters of 2023, but the deficit is not great and is mainly present in labour-intensive sectors such as garments, leather, and some export-led industries, especially in foreign-invested enterprises.

Artists Cơ, Nghiệp set Guinness World Record in last int'l show

06:00 | 08/02/2023 Lifestyle

Vietnamese acrobatic artists Giang Quốc Cơ and Giang Quốc Nghiệp has set up a world record in their last international performance in a Guinness World Record show in Milan, Italy.

Vietnam’s top 10 socioeconomic developments in 2022

06:00 | 21/01/2023 News and Events

(VEN) - Vietnam overcame difficulties induced by COVID-19 and achieved significant economic growth in 2022. Vietnam Economic News has compiled a list of the country’s 10 most outstanding socioeconomic developments of the year.

Seeking driving force for 2023 economic growth

06:00 | 01/02/2023 Economy

(VEN) - On the threshold of the New Year, economist Dr. Nguyen Dinh Cung, former director of the Central Institute for Economic Management, sums up the Vietnamese economy’s 2022 results and provides his forecast for 2023 growth.

The woman who revived Kim Hoang folk paintings

06:00 | 04/02/2023 Entertainment

(VEN) - Researcher and art collector Nguyen Thi Thu Hoa has made intense efforts to revive the 18th century Kim Hoang woodcut folk painting genre, which had all but disappeared over time.

Expressions of trust in Vietnam’s business environment

06:00 | 06/02/2023 Domestic market

(VEN) - Representatives of foreign organizations and diplomatic missions praise the Vietnamese Government’s efforts to promote economic recovery and development in 2022 and expect Vietnam will continue bouncing back in 2023.

Tourism is back, big time

06:00 | 30/01/2023 Tourism

(VEN) - Although it failed to achieve the goal of welcoming five million foreign tourists in 2022, major tourism sector efforts have resulted in its strong recovery during the final months of the year, promising even more positive changes in 2023.

Multimedia

Video Longform Infographic Photo

Foreign visitors to Vietnam surge 44.2 times

09:12 | 08/02/2023 Infographic

Vietnam welcomed 872,000 foreign visitors in January, up 44.2 times against the same time last year, according to the General Statistics Office.

The woman who revived Kim Hoang folk paintings

06:00 | 04/02/2023 Entertainment

(VEN) - Researcher and art collector Nguyen Thi Thu Hoa has made intense efforts to revive the 18th century Kim Hoang woodcut folk painting genre, which had all but disappeared over time.

artists co nghiep set guinness world record in last intl show

Artists Cơ, Nghiệp set Guinness World Record in last int'l show

06:00 | 08/02/2023 Lifestyle

Vietnamese acrobatic artists Giang Quốc Cơ and Giang Quốc Nghiệp has set up a world record in their last international performance in a Guinness World Record show in Milan, Italy.

The unique Giong Festival of Hanoi

09:00 | 07/02/2023 Photo

The festival is held annually around the capital to commemorate Saint Giong, a local hero who sacrificed his life to defeat invaders.

Ministry of Industry and Trade: New posture and mindset for the new development period

11:41 | 17/01/2023 Longform

Starting on December 1, 2022, the Ministry of Industry and Trade operates under Government Decree 96/2022/ND-CP. New posture and mindset for the new development period of the industry and trade sector have been rolled out from this decree.

Policy

Screening tools to enhance FDI quality

06:00 | 05/02/2023 Policy

(VEN) - A set of foreign direct investment (FDI) screening tools was launched recently as a result of cooperation between the Vietnam Chamber of Commerce and Industry (VCCI) and the United Nations Development Program (UNDP), promising enhanced effectiveness of foreign investment flows into Vietnam.

Prime Minister demands faster disbursement of public investment capital

17:29 | 03/02/2023 Policy

Prime Minister Pham Minh Chinh demanded faster pace of public investment capital disbursement while chairing the Cabinet meeting on Thursday.

Deputy FM highlights role of economic diplomacy in service of national development

11:05 | 01/02/2023 Policy

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.

Industry & Trade

Industrial production: Achievements and lessons

06:00 | 08/02/2023 Industry

(VEN) - The 2022 industrial output has been impressive, but continued innovation as well as production and supply network recovery are vital to ensure a more sustainable path in 2023.

Food and beverage industry to do well this year despite modest economy

13:00 | 03/02/2023 Industry

The food and beverage market is forecast to grow by over 18% this year to 720 trillion VND (30.7 billion USD).

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

15:05 | 02/02/2023 Industry

In 2023, the United Arab Emirates is taking center stage in the global efforts to address climate change and sustainability. Recently, leaders have gathered for Abu Dhabi Sustainability Week, kicking off a year of events leading up to the UAE-hosted COP28 at the end of the year.

Hanoi eyes 950 firms in support industries this year

06:00 | 02/02/2023 Support industries

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.

Investment

Hanoi, HCM City record highest disbursement of public investment capital in January

08:20 | 07/02/2023 Domestic investment

Hanoi and Ho Chi Minh City - the country's economic locomotives - recorded the highest disbursement of public investment capital in January, with nearly 2.7 trillion VND (117 million USD) and more than 1.63 trillion VND, respectively, reported the General Statistics Office.

Hai Phong pledges optimal conditions for investors

09:00 | 04/02/2023 FDI

Hai Phong will always accompany with and create optimal conditions for investors, vowed Nguyen Trung Kien, head of the Economic Zone Management Board of the northern port city, during a meeting with foreign-invested businesses in the city on January 31.

Greening foreign investment

06:00 | 03/02/2023 FDI

(VEN) - The government’s declared commitment to reduce net carbon emissions to zero by 2050 has prompted a wave of high-quality, sustainable foreign direct investment (FDI) projects.

Southeast region prepares for new FDI wave

09:18 | 02/02/2023 FDI

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.

Finance-Banking

Banks lower saving interest rates right after Tet

08:22 | 08/02/2023 Finance-Banking

Foreign investors remain optimistic about Vietnamese stock market

09:03 | 06/02/2023 Stock Market

From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year.

Tax revenue up 4.4 percent year-on-year in January

08:40 | 03/02/2023 Finance-Banking

Tax revenue in January was estimated at VND165.7 trillion (US$7.06 billion), or 12.1 percent of the ordinance estimate, up 4.4 percent year-on-year, the General Department of Taxation reported on January 31.

State-owned banks under capital increase pressure

10:52 | 01/02/2023 Finance-Banking

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.

Preserving nature, facilitating business

06:00 | 10/12/2022 Environment

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

11:40 | 24/11/2022 Environment

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.

JTI Vietnam commits to net zero greenhouse gas emissions

16:25 | 15/11/2022 Environment

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.

Science - Technology

Seven technologies to watch in 2023

06:00 | 07/02/2023 Science - Technology

Nature’s pick of tools and techniques that are poised to have an outsized impact on science in the coming year.

Technology trends to watch in 2023

06:00 | 05/02/2023 Science - Technology

The start of a new year is often a time to contemplate the future and what might lie ahead on the horizon.

Managed security provides IT talent gap solution for businesses in SEA

16:34 | 30/01/2023 Information technology

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

09:23 | 30/01/2023 Science - Technology

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.

Society

Positive signs for Vietnam’s labour market

07:00 | 08/02/2023 Society

Illegal fishing tackled with drastic measures to remove 'yellow card'

11:13 | 07/02/2023 Society

The Government, ministries and local authorities have been improving legal enforcement, supervision on the implementation of the law and traceability requirements through heavier fines on illegal fishing.

Hunting for real estate investment opportunities after Tet

09:32 | 03/02/2023 Property

Although the market faced a standstill at the end of 2022, wealthy investors are still hunting for potential business opportunities after the Lunar New Year holiday.

Vietnamese university up 97 places in Webometrics ranking

10:00 | 02/02/2023 Society

Vietnam National University (VNU) - Hanoi climbed 97 places to rank 661st in the latest Webometrics Ranking of World Universities in 2023, which was announced on February 1 by the Cybermetrics Lab, a member of the Spanish National Research Lab.

Vietnamese Brands

JTI Vietnam certified as Top Employer for 3rd year

15:05 | 07/02/2023 Companies

Top Employers is a global award organized annually by the Top Employers Institute, through rigorous evaluation criteria for employers to select enterprises with the best working conditions. JTI Global and JTI Vietnam are proud to become the Top Employers again in 2023.

Doosan Vina and Chung Ang University continue educational CSR program

10:32 | 06/02/2023 Vietnamese Brands

Recently, Doosan Enerbility Vietnam (Doosan Vina) and Chung Ang University (CAU), Korea organized charity activities and educational exchanges at Binh Thanh No. 2 Primary School and Binh Minh No. 1 Primary School in Binh Son District, Quang Ngai Province.

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.

Thai fruits, vegetables to flood Vietnamese market

See also

See more news

Multimedia