of 2020
Seven Items Export Turnover Exceeds US$1 Billion in First Half of 2020
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Cashew exports earn the country a total of US$1.6 billion throughout the reviewed period, up by 7.7% against the same period from last year. The average export price stands at an estimated US$5,805 per tonne.Vietnam ships 1.02 million tonnes of coffee overseas for US$2.4 billion in the first six months of the year, a decline of 2.2% in volume but up by 3% in value, respectively.Shrimp exports rake in US$1.2 billion in the first half of the year, an annual drop of 34%.Vietnamese rubber export revenue in the January to June period hits US$803 million with a volume of 580,000 tonnes, annual declines of 23.7% and 3.3%, respectively.The export turnover of wood and wooden products in the first half of the year reaches US$4.7 billion, showing a sharp decrease compared to last year.Vietnamese fruit and vegetable export turnover hits more than US$1 billion in June for the first time, duly raising the figure in the first half of this year to US$2.75 billion, more than 63% higher than that of the same period last year.
It is forecast that the size of Vietnam’s retail market will increase to US$350 billion by 2025. Photo: congthuong.vn The Vietnam-Israel Free Trade Agreement (VIFTA) was officially signed on July 25, and is expected by the business community to bring new opportunities for trade cooperation and export promotion. For the retail industry, this FTA is also expected to have positive effects for businesses in this industry. Israel is known as an innovation powerhouse, with more than 500 startups specializing in retail technology, providing solutions for wide-ranging applications, from logistics and supply chains to the in-store consumer experience. This is also the reason in recent years, multinational companies such as Nike, Alibaba and Walmart are increasingly interested in Israeli solutions. Therefore, when VIFTA was signed, Nguyen Anh Duc, chairman of the Association of Vietnamese Retailers and general director of Saigon Co.op assessed that there will be two aspects that...
President Vo Van Thuong and President of the Italian Senate Ignazio La Russa. Emphasizing the significance of the visit on the two countries’ 50th anniversary of the establishment of diplomatic relations and the 10th anniversary of the strategic partnership , President Vo Van Thuong acknowledged Vietnam’s strong commitment to maintaining a close relationship with Italy, particularly in fostering cooperation between the legislative bodies of both countries. The President of the Italian Senate warmly welcomed President Vo Van Thuong and the high-level Vietnamese delegation, marking an important milestone in bilateral cooperation, as it is the first exchange of state-level visits between the two countries in seven years. Ignazio La Russa emphasized the friendship and solidarity between the two peoples, highlighting Vietnam as Italy’s most important partner in the Association of Southeast Asian Nations (ASEAN). Italy expressed its support for Vietnam’s role in promoting rel...
The bonuses, which are the biggest rewards ever offered in Vietnam’s sports history, result from a deal signed by the Vietnam Olympic Committee (VOC) and a strategic partner of the International Sports Funding & Support Association (ISF) in South Korea that will sponsor the entire amount. As per the agreement, some key Vietnamese athletes and teams will go to South Korea for training. Dang Ha Viet, general director of the General Sports Administration of Vietnam under the Ministry of Culture, Sports, and Tourism, affirmed the ISF support will create a ‘golden’ chance for Vietnam to elevate its rankings in the regional, continental, and global arenas. The 2024 Summer Olympics are scheduled to take place from July 26 to August 11, 2024 with Paris as its main host city alongside 16 other French cities. At the 2020 Tokyo Olympics held in Japan in 2021, Vietnam’s sports authorities had announced rewards worth VND1.85 billion ($79,000), VND1.02 billion ($43,500), and V...
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