Agro-forestry-aquatic product exports expected to achieve 62 billion USD

Friday, 01/11/2024 22:16
Vietnam’s agro-forestry-aquatic product exports are likely to achieve a record high of 62 billion USD in 2024, Vietnam News Agency quoted Deputy Minister of Agriculture and Rural Development Phung Duc Tien saying those figures.
Illustrative photo (Photo: VTV)

Tien said that in the first ten months of this year, the sector’s export revenue reached 51.74 billion USD, an increase of 20.2% compared to the same period of last year. With this growth momentum, the country's agro-forestry-aquatic product exports will see a new record in 2024, he said.

The official said that typhoon Yagi and its circulation caused damage of about 30.8 trillion VND to Vietnam's agricultural production. However, drastic measures were taken quickly to recover agricultural production in storm-hit localities and speed up production at localities that were not affected.

During the January-October period, export values of many product groups surged, for examples, aquatic products up 12%, forestry products up nearly 20%, and agricultural products up nearly 26%. Thus, the target of 54-55 billion USD in agro-forestry-aquatic product exports is surely exceeded. There are two months left, and if the country rakes in 5.5 billion USD from agro-forestry-aquatic product exports each month, the whole year's earnings will reach 62 billion USD - the highest amount so far, according to the Deputy Minister.

Illustrative photo (Photo: VTV)

Regarding Vietnam’s efforts in expanding market, Tien said that Vietnam has signed three more protocols on exporting frozen durian, fresh coconut and crocodile to China.

Meanwhile, Vietnam also eyed to promote exports to Halal markets. Halal markets are very demanding ones and countries do not recognise each other's Halal certifications, which poses difficulties for Vietnam. Recently, Vietnam has had many products exported to Halal markets, including veterinary medicine, vaccines, and chicken.

Vietnam will gradually conquer the markets with high requirements and great potential like Halal markets, which expectedly push export values.

Regarding rice exports, the official said that in 2023, Vietnam exported 8.13 million tonnes of rice. In the first ten months of this year, Vietnam exported nearly 7.8 million tonnes. With the export growth and domestic production capacity, rice exports will reach over 8 million tonnes for the whole year.

Recently, India has resumed its export of 5% broken rice, which had a certain impact on Vietnam’s rice exports. However, in the supply chain of high-quality rice, Vietnamese rice still maintains relatively good export prices.

Xelex Vietnam launches new technology product in US

Xelex, one of the pioneering companies in Vietnam that develops high-quality hardware solutions to meet the needs of work, study, and entertainment, launched its Latimer laptop/tablet in Maryland, USA, on October 30, reported the Voice of Vietnam.

Xelex Vietnam's Latimer 2-in-1 laptop/tablet has made its debut in Maryland, USA (Photo: VNA)

The Latimer 2-in-1 laptop/tablet, a technology product representing a collaboration between American and Vietnamese creators, is equipped with effective security features to ensure user safety, according to Nguyen Ai Huu, CEO of Xelex.

This product has been launched after nearly five years of research, said Huu, adding Xelex plans to introduce the Latimer brand into the school system in Maryland in the near future, aiming to integrate artificial intelligence (AI) into its products and deepen its penetration into the demanding US market.

Huu shared that after numerous discussions with the Maryland state government, representatives from the Vietnamese Trade Office in the US, and Xelex Group, the parties quickly developed a cooperation plan to attract investment for manufacturing equipment in both Vietnam and Maryland. This plan aligns with the trend of encouraging semiconductor manufacturing investment in the US, which President Joe Biden is promoting.

Lawyer Gabriel Christian from GJC and Associates Law Offices represented the Maryland business delegation visiting Vietnam to seek cooperation opportunities in training programs and to advocate for the initiation of future investment sources and funds. The development project for the Latimer laptop/tablet by Xelex marks an encouraging initial success.

According to the lawyer, Latimer has been designed and manufactured in Vietnam with contributions and collaboration from the US. This line of computers features AI and exceptional security functions, which are very important for public organizations and private enterprises to access and benefit from.

The lawyer hoped that in the near future, Latimer can be produced in a factory in the US, using input materials from Vietnam.

The launch marks a significant milestone for Xelex, as it seeks to establish a presence in the competitive US market and enhance its brand recognition internationally. The new product is expected to feature advanced technology, catering to the preferences and demands of American users.

Japanese film fest kicks off across four major cities

The 16th annual Japanese Film Festival in Vietnam opened on November 1, introducing 11 popular Japanese films in the country’s four largest cities, namely Ho Chi Minh City, Da Nang, Hai Phong, and Hanoi, reported the Voice of Vietnam.

Blockbuster ‘Godzilla Minus One’ is introduced to Vietnamese audiences at the 16th Japanese Film Festival. (Photo: VOV)

The festival, organised by the Japan Foundation, aims to bring Japanese cinema closer to Vietnamese audiences.

It opened with the blockbuster ‘Godzilla Minus One’ to celebrate the 70th anniversary of the iconic sci-fi monster franchise. The film won the ‘Best Visual Effects’ award at the 96th Oscar.

Furthermore, two well-known animated films, namely ‘Sand Land’ adapted from the manga by Dragon Ball creator Akira Toriyama and ‘HAIKYUU!! The Dumpster Battle’ which is a top-rated sports anime, will also be introduced as part of the occasion.

Most notably, a live-action movie ‘Let's go karaoke!’, a Japanese one-shot manga written and illustrated by Yama Wayama, will be some of the highlights of the film festival.

For drama enthusiasts, ‘Evil Does Not Exist’, ‘Mom?!’, ‘All the Long Nights’, and ‘Loved Like a Flower Bouquet’ movies will all be compelling selections.

The Japanese film fest will last until December 28.

Vietnam Int’l Fashion Week Fall/Winter attracts 16 local and foreign designers

As many as 16 domestic and foreign fashion designers and brands will participate in the Vietnam International Fashion Week Fall/Winter 2024, which is scheduled to take place in Hanoi from November 13 to 16, reported the Voice of Vietnam.

Founder and Chairwoman of the Vietnam International Fashion Week Trang Le addresses the press conference. (Photo: VOV)

According to a press conference on October 31, besides familiar local and international faces such as Do Manh Cuong, Duc Hung, Cao Minh Tien, Hoang Hai, Thuy Nguyen, Adrian Anh Tuan, Ha Linh Thu, Frederick Lee of Singapore, and Priyo Oktaviano of Indonesia, the event will witness the debut of new names, including Chula Fashion of Spain, Kwang by Vuong Khang, and the return of young designers Thao Nguyen and Ivan Tran.

Trang Le, president of the Council of ASEAN Fashion Designers (CAFD) and both founder and chairwoman of the Vietnam International Fashion Week, noted that the fashion week, themed “Fashion Evolution”, aims to honour the strong development and accelerated progress made by Vietnamese fashion over the past decade. These efforts will contribute to elevating the industry’s status in the world’s fashion map.

She added that Vietnamese designer Do Manh Cuong will open the event with his latest collection called “Giot Nuoc Thuan Khiet” (Pure Water Drop).

Trang Le also revealed a seminar on consumer trends and global trends taking place in the fashion industry which will also be held within the framework of the event./.

Compiled by BTA

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