Tra fish exports enjoy rapid growth

Friday, 02/12/2022 15:03
Tra fish exports have posted the strongest growth among fishery products so far this year while the biggest revenue was recorded in shrimp shipments, Vietnam News Agency quoted figures of the Vietnam Association of Seafood Exporters and Producers (VASEP).
 Tra fish exports enjoy rapid growth. (Photo: VOV)

During the first 11 months, tra fish export value increased 63% from a year earlier to nearly 2.3 billion USD. The second fastest growth was seen in tuna, up 40% to 941 million USD, followed by squid and octopus with 30% and 704 million USD.

Shrimp exports generated over 4 billion USD in revenue, rising 14% year-on-year.

The US remains the biggest importer of fishery products from Vietnam, with over 2 billion USD in value, up nearly 10%.

Meanwhile, aquatic exports to China and Japan stood at about 1.6 billion USD each, the EU more than 1.2 billion USD, and the Republic of Korea 882 million USD. Members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), including Japan, accounted for more than 26% of Vietnam’s total fishery exports, with nearly 2.7 billion USD in value, up 34%.

Photo for illustration. (Source: VNA) 

In total, Vietnam earned 10.2 billion USD from fishery exports in the 11 months, increasing almost 28% from the same period in 2021.

However, November marked the first time this year to witness a decline in exports, down over 14% year-on-year to 780 million USD.

Le Hang, director for communications at VASEP, said exports have slowed during the latter half as a result of an inflation-triggered decrease in import demand. Overseas shipments are forecast to contract even more in December, and the downward trend may linger into 2023.

Index of industrial production enjoys impressive growth

 11-month IIP estimated to increase by 8.6% (Photo: VNA)

The index of industrial production (IIP) in the first 11 months of 2022 is estimated to increase by 8.6% year-on-year, doubling the 4.2% of the same period last year, reported Vietnam News Agency.

According to the General Statistics Office (GSO), in the reviewed period, the processing and manufacturing industry grew by 8.9%, contributing 6.8 percentage points to the overall growth; electricity production and distribution by 7.7%, contributing 0.7 percentage point; water supply, waste, and wastewater treatment and management activities by 7.1%, contributing 0.1 percentage point; and the mining industry by 6.5%, contributing 1 percentage point to the overall increase.

In the contrary, the IIP of several industries recorded decreases, including manufacturing of rubber and plastics products (7%), and manufacturing of basic metals (2.6%).

According to the GSO report, 61 provinces and cities saw rises in the 11-month IIP, with the highest recorded by Bac Giang (38.3%), Can Tho (37.8%) and Vinh Long (28.8%).

Newly-established, re-operating enterprises up over 33% in 11 months

 Illustrative image (Photo: VNA)

Vietnam saw nearly 194,700  newly established and re-operating enterprises in the first 11 months of 2022, up 33.2% over the same period in 2021, a 1.3 times higher than the average rate in January – November period from 2017 - 2021, Vietnam News Agency quoted figures of the Business Registration Agency under the Ministry of Planning and Investment (MPI).

In November alone, the country counted 11,943 new enterprises with a total registered capital of 104.49 trillion VND (over 4.27 billion USD) and 73,988 labourers.

The figures represented a 0.3% increase in the number of firms, and decreases of 30.3% in capital and 3.4% in workforce compared with the same period last year.

Meanwhile, as many as 6,267 enterprises resumed their operation in the month, up 26.4% year-on-year.

On the opposite side,  there were 132,339 enterprises withdrawing from the market in the last 11 months, an increase of 24.3% year-on-year.

A total of 70,220 enterprises temporarily ceased operations, a yearly hike of 34.8%.  Another 45,271 were in the dissolution process, and 16,848 completed dissolution procedures, year-on-year rises of 14.7% and 13.3%, respectively.

The agency said the total registered capital of enterprises tends to decrease, and the average amount of registered capital of newly-established firms is expected not to rise in the remaining months of this year.

In January – November, the total registered capital added to the economy rose by 21.5% over the same period in 2021, it noted.

To support businesses, General Director of the General Statistics Office (GSO) Nguyen Thi Huong urged ministries and sectors to ensure adequate supply of raw materials and energy to meet the demand for production and business recovery and socio-economic development; and work hard to remove difficulties and obstacles for important industrial projects.

She also underlined the need to strengthen support for export enterprises to effectively respond to trade remedies, saying that the work plays an important role in maintaining and expanding Vietnam’s export markets.

Top 100 sustainable businesses honoured

The Vietnam Chamber of Commerce and Industry (VCCI) has announced a list of the country’s top 100 sustainable enterprises in 2022, reported VOV News.

 Representatives of top 100 sustainable businesses at the ceremony (Photo:

The award ceremony for the nation’s 100 most sustainable companies was organised by the Vietnam Business Council for Sustainable Development (VBCSD) under the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on December 1.

A range of outstanding names feature among the top 100 sustainable businesses, including Nestlé Vietnam, Vietnam Dairy Products JSC, Coca-Cola Vietnam, BG Group, and Phu Nhuan Jewelry Joint Stock Company.

This year has seen the modified Corporate Sustainability Index (CSI) used as criteria to assess the overall sustainable development of businesses.

Upon addressing the announcement ceremony, Nguyen Quang Vinh, vice executive chairman of the VCCI and chairman of the VBCSD, stated that the CSI Programme has received positive feedback from businesses. In addition, it has also been highly appreciated by the Government for promoting corporate sustainability among firms.

Organised annually since 2016, the Top 100 sustainable businesses in Vietnam programme aims to promote awareness about the importance and benefits of sustainable development in business activities, communities, and society./.