Encouraging enterprises to invest in agricultural development
n 2018, despite enormous competition pressure from markets around the world, Vietnam's agricultural export turnover still rose strongly, reaching a record of over US$40 billion.
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n 2018, despite enormous competition pressure from markets around the world, Vietnam's agricultural export turnover still rose strongly, reaching a record of over US$40 billion.
The total turnover of Vietnam's import-exports is expected to reach US$500 billion this year, according to the General Department of Vietnam Customs.
The Vietnam Textile and Apparel Association (VITAS) has set the industry's export turnover target this year at 40 billion USD, a 10.8 percent year-on-year increase from 2018.
The application of various stimulus measures in developing enterprises' production and trade allowed the northern province of Ninh Binh's export activity to enjoy robust growth with sharp rises in terms of turnover and market in 2018.
Vietnam recorded a trade surplus of 2.76 billion USD in the first 11 months of the year, or 1.4 percent of total export turnover, according to the Ministry of Industry and Trade (MoIT).
This year's seafood export turnover is forecast to expand by 6% to US$7.4 billion when compared to last year's figure, and is set to fulfill its target one month ahead of schedule despite facing a number of notable.
Vietnam exported about 79.3 billion USD worth of commodities in the first five months of 2017, an increase of 17.4 percent from the same period last year.
Vietnam's total export turnover in the first seven months of the year was 96.83 billion USD, representing an annual increase of 5.3 percent, said Duong Duy Hung, Director of the Ministry of Industry and Trade's Planning Department.
The northern province of Ninh Binh strives to earn 1 billion USD from exports in 2016, a year-on-year increase of 2.5 percent.
The northern province of Ninh Binh's export turnover amounted to 889.8 million in the first 11 months of 2015, a year-on-year rise of 21.7 percent, according to the provincial Department of Industry and Trade.
Ninh Binh made an export turnover of over 750 million USD in 2014, which showed a year-on-year rise of 24.4 percent and 150 million USD higher than the yearly plan, according to its Department of Industry and Trade.
The agriculture and rural development sector has obtained impressive results in 2014 with export turnover of nearly US$31 billion, a year-on-year increase of 11.2%.
The northern province of Ninh Binh's export turnover amounted to 654 million in the first 10 months of 2014, a year-on-year rise of 34 percent, according to the provincial Department of Industry and Trade.
Vietnam is estimated to record a trade surplus of USD1.6 billion in the first five months this year, or 2.8 percent of the total export turnover during the period, according to the General Statistics Office.
Footwear exports reached US$730 million in April alone, bringing the total export turnover of the products in the first four months of this year to nearly US$2.9 billion, up 21.9% on a year-on-year basis.
Vietnam's trade balance in March showed a deficit of US$0.3 billion, equivalent to 1.2% of the country's total export- import turnover, according to the General Statistics Office (GSO).
Vietnam Customs has reported the nation's 2013 trade turnover totalled an estimated US$264.26 billion, a 15.7% rise year-on-year.
Total trade turnover between Vietnam and Japan over the first eleven months this year reached more than USD22.9 billion, a year-on-year rise of 1.7 percent, according to the General Department of Vietnam Customs.
With an average growth turnover reaching 35.9% from 2010 to 2012, making up a proportion of 33.9 % of Vietnam's export turnover, China is still one of Vietnam's key markets for farm produce.
Seafood export turnover during the Jan-Oct period reached USD5.5 billion, a year-on-year rise of 7.3 percent, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).
Vietnam expects to bring in US$2.5-2.6 billion from shrimp exports in 2013, 15% more than last year's total, owing to the stability of an average monthly turnover of US$250 million.
IMF Resident Representative for Viet Nam Sanjay Kalra applauded on the Government's success in stabilizing the macroeconomy, curbing with the inflation rate and accelerating the export turnover.
Vietnam's wood export turnover may reach USD5.5 billion with a growth rate of 10-15 percent in 2013, according to the Vietnam Timber and Forest Product Association.