Six localities earn five-month export value of more than 10 billion USD

Sunday, 16/06/2024 18:45
Six Vietnamese provinces and cities, including Ho Chi Minh City, Bac Ninh, Binh Duong, Thai Nguyen, Hai Phong, and Bac Giang earned export turnover of more than 10 billion USD over the past five months, VOV News quoted the latest statistics released the General Department of Customs.


Photo for illustration. (Source: VOV)

The top 4 localities included Ho Chi Minh City, Bac Ninh, Binh Duong and Thai Nguyen with export earnings of 17.53 billion USD, 14.37 billion USD, 13.41 billion USD, and 13.15 billion USD, respectively.

Hai Phong was placed fifth with an export turnover of 12.15 billion USD, up by 29.25% on-year or 2.75 billion USD, while Bac Giang exports ranked last on the list with 10.58 billion USD, representing a year-on-year increase of 19.14%, equivalent to 1.7 billion USD.

Notably, the northern province of Bac Ninh has gained recovery momentum after experiencing negative growth through the end of April compared to the same period from last year.

Specifically, May saw the locality make a significant breakthrough with the nation's leading export turnover of 3.15 billion USD.

The country's merchandise exports grossed 32.27 billion USD in May alone, bringing the five-month export turnover to 156.28 billion USD, up 14.9% over the same period from last year.

Vietjet launches two new routes linking Phu Quoc with Taiwan (China)

Passengers on Vietjet flight to Phu Quoc. (Photo: VNA)

Vietjet has launched two new air routes connecting Phu Quoc island, the southern province of Kien Giang, with Taichung and Kaohsiung (Taiwan, China).

The Phu Quoc – Taichung route serves passengers, with three return flights per week on every Tuesday, Thursday and Saturday, while the Phu Quoc – Kaohsiung route (Taiwan, China) with four return flights per week on Monday, Wednesday, Friday and Sunday, reported Vietnam News Agency.

On this occasion, Vietjet offers customers a big promotion programnme with international flight tickets from only 0 VND (excluding taxes and fees) every Friday from now until December 31, 2024 when booking tickets on the airline’s website or Vietjet Air apps.

Phu Quoc island is famous for its stunning long beaches such as Sao Beach and Rach Vem, in addition to well-known attractions such as Hon Thom Nature Park, Kiss Bridge Phu Quoc, and Ham Ninh fishing village.

Meanwhile, Taichung is well-known for its ancient architecture, poetic scenery with Sun Moon Lake, Rainbow Village, and Fengchia night market. Kaohsiung City is an attractive natural, cultural and historical destination with many famous landmarks such as Fo Guang Shan Buddha Museum, and National Science and Technology Museum.

Bac Giang lychees promoted in Thailand

Pumin Piyawanich, a representative of Ekthai company - the importer of lychees for sale at Gourmet Market - Siam Paragon commercial centre. (Photo: VNA)

Fresh lychees from Luc Ngan district, the northern province of Bac Giang, continue to be sold at the supermarket chain of Gourmet Market and shopping malls belonging to Thailand’s The Mall Group this year.

This is the second year in a row, the Bac Giang lychees have been sold at major supermarkets in Bangkok.

Pumin Piyawanich, a representative of Ekthai company - the importer of lychees for sale at Gourmet Market - Siam Paragon commercial centre, said that the company wants to sell Vietnamese lychees because of their best taste.

This year's Vietnamese lychee output is not as high as last year, but the company luckily signed contracts with farmers last year. That's why they still have opportunities to sell the fruit to meet the expectations of customers in Thailand, he said.

Although the price of imported lychees this year is a bit higher than last year, his company still tries to keep the selling price as same as last year's so that more customers can enjoy Vietnamese lychees, he added.

The Bac Giang lychees which are fresh and sweet not only attract Thai consumers but also foreign visitors.

Debby, a tourist from Singapore, said she heard Vietnamese lychees are available in Thai supermarket. After having some, she hoped the fruit will soon enter Singapore so that she can buy them there.

In an effort to widely introduce Vietnamese lychees in Thailand which is well-known as the kingdom of tropical fruits, Gourmet Market has combined with the Mam Initiative - a project of a group of young Vietnamese people dedicated to building a brand for Vietnamese agricultural products - launching the promotion campaign "The best lychees from Vietnam" for the first time in Thailand in 2024.

Under the campaign, hand-drawn adverstisements and a set of stickers of lychees with different funny expressions in Thai language are free to download on some applications such as Viber or WhatsApp. The promotional activity is expected to bring Vietnamese lychees closer to more Thai consumers.

The campaign will be carried out from June 15 to the end of July, during which the lychees are imported weekly and sold in Bangkok.

Truong Duc, strategy team leader of the Mam Initiative, said that they want to innovate trade promotion methods through the application of technology and creative ideas. In the coming time, they hopes to join promoting other Vietnamese agricultural products in countries.

Vietnam eyes lucrative Halal market with growing Muslim population

At a Halal food store in HCM City (Photo: VnEconomy)

Experts see a golden opportunity for Vietnam to tap into the booming Halal market, fueled by a surging global Muslim population, reported Vietnam News Agency.

A report by the Pew Research Centre predicted the Muslim population to reach 2.2 billion by 2030, translating to a significant rise in demand for Halal products. This demand extends beyond traditional Muslim-majority nations. Countries like Indonesia, Pakistan, Bangladesh, and Malaysia are key markets, while even Europe and North America are witnessing an expansion of the Halal sector, creating a wealth of possibilities for exporters.

Nguyen Tuan from the Ho Chi Minh City Trade and Investment Promotion Centre said the global Halal economy is poised to reach about 10 trillion USD by 2027. The market for Halal products is distributed widely worldwide, from Muslim to non-Muslim countries.

Despite this potential, Vietnam's foray into the Halal market remains in its early stages. While roughly 50 Vietnamese companies, primarily dealing in seafood, beverages, canned food, confectionery, vegetarian products, and pharmaceuticals, acquire Halal certification annually, there is room for significant growth.

Recognising this opportunity, the Ministry of Industry and Trade is committed to fostering a supportive legal framework for international cooperation in developing Vietnam's Halal industry. This includes negotiating and signing trade agreements, and facilitating partnerships with organisations and distributors in Indonesia, Malaysia, and the United Arab Emirates (UAE).

The ministry is also urging relevant entities to enhance the distribution of Halal-certified Vietnamese products to meet the needs of exporters, while simultaneously encouraging increased production and export capabilities.

The Vietnamese companies are advised to proactively pursue Halal certification for suitable markets, develop products that adhere to specific Halal standards, and invest in strong brand promotion to capture a share of this lucrative market.

Rattan, bamboo, sedge, and carpet exports show positive signs

May alone witnessed Vietnam's export of rattan, bamboo, sedge and carpet products reach US$66.37 million, bringing the total export turnover of the items to US$334.5 million, an increase of 15.4% on-year, Vietnam News Agency quoted data by the General Department of Customs.

Photo for illustration. (Source: VOV)

This shows positive signs in the export of handicrafts even though the world economy is still facing plenty of difficulties.

The United States retained its position as Vietnam's largest export market over the past five months of the year, with more than 136.7 million USD, posting a -year-on-year rise of 31%.

In May alone, Vietnamese rattan, bamboo, sedge and carpet exports to the North American nation fetched more than 31.5 million USD, an increase of 29% compared to March 2023.

The United States retained its position as Vietnam's largest export market over the past five months of the year, with more than 136.7 million USD, posting a -year-on-year rise of 31%.

In May alone, Vietnamese rattan, bamboo, sedge and carpet exports to the North American nation fetched more than US$31.5 million, an increase of 29% compared to March 2023.

The Japanese market came second, with its imports in May reaching 3.6 million USD, down 8.7% compared to last May. Vietnam earned 20.9 million USD from exporting products to the East Asian nation, down 3% on-year.

In 2022, Vietnam ranked 2nd after China) among the countries and territories that exported the most bamboo and rattan in the world and ranked 10th in the world in carpet exports, with an average growth turnover of 29. 5%/year.

According to economic experts, these Vietnamese products' possibility to occupy 10-15% of the world market share is within reach when the global bamboo market size is expected to hit 82.9 billion USD by 2028, thus enabling rattan and bamboo bring billions of USD to Vietnam.

There is plenty of opportunity for Vietnam to dominate the rattan and bamboo market as the bamboo area in the country is up to 1.5 million hectares, distributed in most provinces across the nation, of which 37/63 provinces have an area of more than 10,000 hectares./.