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| Workers of Lai Chau II Rubber JSC tap rubber latex. (Photo: VNA) |
According to the Vietnam Rubber Group (VRG), the export of 96 products from 33 factories by these enterprises demonstrates the increasing credibility of the brand.
Tran Ngoc Thuan, Chairman of VRG Board of Directors, Vietnam’s total rubber export turnover reached an estimated 8 billion USD in the first 11 months of 2023, with the largest share held by rubber products, with nearly 3.9 billion USD. Following closely, natural rubber was estimated at around 2.5 billion USD, and rubber wood with over 1.8 billion USD.
The Association of Natural Rubber Producing Countries (ANRPC) has predicted that the global production of natural rubber in 2023 is projected to reach 14.927 million tonnes, up 2.3% year-on-year. Meanwhile, the consumption is anticipated to be 15.575 million tonnes, reflecting a 0.2% growth compared to 2022.
The Ministry of Agriculture and Rural Development reported that the Vietnam Rubber Association has developed a project on building and developing Vietnam's rubber brand in 2015 - 2020 with a vision to 2030, which aims to position the brand and image of Vietnamese rubber, thus creating confidence among customers.
Exporters urged to early adapt to European Green Deal
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| Workers at Garment 10 Joint Stock Company. (Photo: VNA) |
To gain a firm foothold in the European market, Vietnamese enterprises have been advised to soon adapt to the European Green Deal (EGD) to meet new requirements of this choosy market, reported Vietnam News Agency.
According to the Vietnam Chamber of Commerce and Industry (VCCI)’s Centre for WTO and International Trade, in the first 10 months of 2023, Vietnam’s export value to the EU surpassed 36 billion USD.
To achieve sustainable export, it is necessary to have appropriate preparations and be ready to comply with the EGD, which is an urgent requirement for Vietnamese manufacturers and exporters in the coming time, according to experts.
However, a recent survey by the VCCI showed that 88-93% of respondents have never heard or have only briefly heard about the deal.
The EGD, launched in 2020, is a package of policy initiatives aiming to set the EU on the path to a green transition, with the ultimate goal of reaching climate neutrality by 2050.
In fact, since the enforcement of this deal, there have been many green policies that have directly affected foreign goods imported into this region as well as production and export of products from Vietnam to this market.
Accordingly, Vietnam’s exports forecast to be most impacted by the green transition process in the EU in the coming time include electric and electronic products, machinery, equipment and components, farm produce, aquatic products, wood and wooden products, iron and steel, garments, and footwear.
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| Illustrative image (Photo: VNA) |
VCCI Vice President Nguyen Quang Vinh said that as regulations on the EGD are diverse, without a common roadmap, Vietnamese businesses need to proactively learn about and understand the regulations and policies which have affected the industries and products so as to have thorough preparations and suitable transition.
Some economists advised businesses themselves to identify difficulties and challenges facing their products caused by EGD regulations so as to accurately grasp and regularly update specific EU green policies related to each type of export to gradually adapt to and ensure compliance with mandatory requirements.
They also stressed the need for the State to issue policies to support enterprises in green industrial development, and those to attract more investment.
Vietnam emerges as largest shrimp supplier to RoK market
Vietnam has become the largest supplier of all kinds of shrimp to the Republic of Korea (RoK) during the past 10 months, with turnover reaching US$295.38 million, down 20% against the same period from last year, VOV News quoted figures of the International Trade Center (ITC).
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| Photo for illustration. (Source: VOV) |
Statistics indicate that the RoK imported all kinds of shrimp worth US$640.2 million in the reviewed period, down 21.9% against the same period from last year.
Although exports of all kinds of shrimp to the RoK decreased, Vietnam has maintained its position as the largest supplier of all kinds of shrimp to this market with a proportion making up 46.1% in the reviewed period, higher than the figure of 45% recorded in the same period last year.
With regard to imported shrimp types, the RoK moved to increase imports of freshwater shrimp and shrimp coded HS 030695.
A report compiled by Future Market Insights Inc revealed that shrimp demand in the RoK is predicted to grow by an average of 8.9% annually over the next decade, thereby opening up a wealth of opportunities for Vietnamese shrimp in this market.
According to details given by the Vietnam Trade Office in the RoK, Vietnamese businesses are required to fully meet requirements relating to food hygiene and safety and quarantine procedures, as well as environmental factors set by Korean importers to make further inroads into the lucrative market in the future.
First Arabic-Vietnamese dictionary debuts
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| The first Arabic-Vietnamese dictionary makes its debut. (Photo: the Saudi Arabian Embassy in Vietnam) |
The first Arabic-Vietnamese dictionary made its debut at an event to mark World Arabic Language Day (December 18) held by the Saudi Arabian Embassy in Vietnam in Hanoi on December 17, reported Vietnam News Agency.
Representing the embassy at the event, Counselor Hamoud Naif S. Almutairi said Saudi Arabia attaches great importance to preserving and developing the Arabic language, and the country has made significant contributions to enhancing the status of the language, including efforts to have Arabic recognised as one of the six official languages of the UN, and one of the languages used officially in meetings of the UNESCO Executive Board.
As part of the above-mentioned efforts, the embassy has paid attention to popularising the language through collaboration with the embassies of other Arab countries and Vietnamese educational institutions that are currently teaching Arabic, he said.
It has supported the compilation of the dictionary to create the best possible conditions for the relevant teaching and learning activities, thus benefiting not only students and teachers but also Vietnamese people living and working in Arabian countries, the diplomat stressed.
According to the Chairman of the Council of the University of Languages and International Studies (ULIS) - Vietnam National University, Hanoi, Do Tuan Minh, as the first higher education institution in Vietnam to open bachelor's degree programmes in Arabic, ULIS has made significant contributions to the training of human resources in this major over the past 27 years.
The university has made great efforts in the compilation project, aiming to serve Arabic language teaching activities within the institution and provide support for individuals who are interested in learning this language, he said.
As part of events commemorating the World Arabic Language Day, the Saudi Arabia Embassy held an Arabic poetry recitation contest for Vietnamese students studying at ULIS and University of Social Sciences and Humanities (HCMUSSH) - HCMC National University./.