Tea exports grow 26.7% in first half

Wednesday, 10/07/2024 21:50
Vietnam grossed US$108 million from exporting 61,000 tonnes of tea during the first half of the year, up 26.7% in volume and 32.1% in value on-year, reported the Voice of Vietnam according to details given by the General Department of Vietnam Customs.
Illustrative photo (Source: VOV) 

The average export price throughout the reviewed period stood at an estimated US$1,759.9 per ton, up 4.2% against the same period from last year.

June alone saw the country earn US$32 million from exporting 15,000 tonnes of tea, up 54.9% in volume and 86.4% in value on-year, with the average export price being estimated at US$2,127.8 per tonne, up 20.3% compared to June last year.

Two types of green and black tea witnessed positive export growth during the five-month period, with black tea exports reaching US$44.6 million, up 45.5% in volume and 43.4% in value on-year.

Meanwhile, black tea exports recorded US$26.6 million in turnover, up 15.6% in volume and 8.6% in value against the same period from last year.

Illustrative photo (Source: vneconomy.vn)

According to statistics compiled by the Vietnam Tea Association, Vietnam currently ranks fifth in the world in terms of tea exports and seventh in terms of global tea production. At present, Vietnamese tea products are exported to 74 countries and territories around the world.

Furthermore, the country also ranked second in the world, just behind China in terms of green tea export volume. With regards to export markets, Pakistan represents the largest consumer of Vietnamese tea.

Industry insiders pointed out that due to the increasingly strict requirements set out within the global market, tea growing areas have been established towards organic safety in order to help protect producers and consumers’ health whilst further developing the sustainable and green agriculture industry.

Send-off ceremony for local athletes to 2024 Paris Olympics set for July 17

A ceremony to send off the Vietnamese sporting delegation to the 2024 Paris Olympics is scheduled to take place on July 17 in Hanoi, reported the Voice of Vietnam.

Illustrative photo (Source: VOV)

The delegation consists of a total of 39 members, including 16 athletes.

The global competition will see local athletes compete in 11 sports, namely swimming, shooting, archery, cycling, boxing, judo, rowing, canoeing, weightlifting, badminton, and track-and-field.

They are due to depart for France on July 23 before returning home on August 12.

The 2024 Summer Olympics is an upcoming international multi-sport event which is set to be held from July 26 to August 11 in France, with some competitions starting on July 24. Paris is the main host city, although other events will be held in 16 other cities across France.

To date, 16 Vietnamese athletes have booked their place to compete at the 2024 Paris Olympics, including two wildcard entries in track-and-field and swimming. They are cyclist Nguyen Thi That, swimmers Nguyen Huy Hoang and Vo Thi My Tien, shooters Trinh Thu Vinh and Le Thi Mong Tuyen, weightlifter Trinh Van Vinh, canoeist Nguyen Thi Huong, rower Pham Thi Hue, badminton players Nguyen Thuy Linh and Le Duc Phat, boxers Vo Thi Kim Anh and Ha Thi Linh, archers Le Quoc Phong and Do Thi Anh Nguyet, judo fighter Hoang Thi Tinh, and runner Tran Thi Nhi Yen.

Five-month tuna exports to Italy triple

Vietnamese tuna exports to the Italian market reached nearly US$15 million during the past five months of the year, representing three-digit growth against the same period from last year, reported the Voice of Vietnam according to statistics from the Vietnam Association of Seafood Exporters and Producers.

Illustrative photo (Source: VOV)

May alone saw tuna exports to the demanding market increase by 224% to more than US$4 million on-year. 

Most notably, fresh, frozen and dried tuna exports accounted for 64% of Italy’s total export turnover, followed by canned tuna.

According to statistics released by Eurostat, Vietnam was the largest supplier of fresh, frozen and dried tuna for Italy in the reviewed period, higher than both the Philippines and Indonesia.

Meanwhile, the country also makes up the seventh largest provider of canned tuna for Italy, after Indonesia, Ecuador, China, the Solomon Islands, Colombia, and Seychelles.

There are currently about eight Vietnamese enterprises exporting tuna products to this market. Of which, Yueh Chyang Canned Food and Mariso Vietnam are the two companies whose products make up 86% of total export turnover.

According to industry insiders, preferential tariff incentives set out under the EU-Vietnam Free Trade Agreement (EVFTA) have created favourable conditions for Vietnamese tuna products in the Italian market.

If the "bottlenecks" in raw materials are removed, then Vietnamese enterprises will be able to enjoy a wealth of opportunities to boost exports to the Southern European country moving forward.

Expo promotes “Make in Vietnam” digital technology products, services

The 2024 international technology exposition (iTech Expo 2024) kicked off in Ho Chi Minh City on July 10, featuring more than 350 booths by both domestic and foreign firms, reported Vietnam News Agency.

At the opening ceremony of iTech Expo 2024 in Ho Chi Minh City on July 10. (Photo: VNA)

On display are new, smart, and highly-applicable technologies of such businesses as Intel, ASUS, Zoho, QTSC, VNPT, Viettel, Mobifone, CMC Telecom, Galaxy Holdings, and Dai Nam.

Apart from Vietnam, the participating organisations, associations and suppliers come from more than 10 countries and territories like China, India, Malaysia, Thailand, Taiwan (China), the Republic of Korea, Japan, the Czech Republic, the UK, the US, Australia, and Russia.

Within the three-day event, there will be nine seminars where experts and representatives from groups and businesses at home and abroad look into new technologies, Artificial Intelligence (AI), Internet of Things (IoT), digital administration and information security, and new opportunities for organisations and enterprises, among others.

In his opening remarks, Deputy Minister of Information and Communications Bui Hoang Phuong described information-technology as a main growth engine of the national economy last year, with its turnover estimated at 138 billion USD.

Many digital technology firms posted growth rates of between 20% and 40% in the year, he said, hailing the initiative to organise the expo as helping enterprises seek new markets, catch up with global technology trends, create breakthroughs in digital transformation in Vietnam, and promote “Make in Vietnam” digital technology products and services.

The Ministry of Information and Communications will create the best possible conditions for digital technology companies to invest in Vietnam, while supporting domestic firms in the industry to expand markets and promote their products abroad, thus affirming Vietnam’s position on the global technology map.

Vice Chairwoman of the HCM City People’s Committee Tran Thi Dieu Thuy expressed her hope that iTech Expo 2024 will be a highlight contributing to the southern economic hub’s digital economy development./.

Compiled by BTA