Vietnam expects to earn 1 billion USD from pepper export this year

Thursday, 18/11/2021 16:23
Earnings from pepper export are forecast to reach 1 billion USD this year thanks to growing prices and demand, especially in China.

Harvesting pepper in Dak Lak (Photo: VNA)

The General Department of Vietnam Customs said pepper export revenue soared by 47 percent annually to 719 million USD in the first nine months of this year, mainly driven by rising world price. Meanwhile, the Vietnam Pepper Association (VPA) estimated that 230,000 tonnes of pepper were shipped abroad as of the late October, bringing home around 800 million USD.

According to the Vietnamese Ministry of Industry and Trade’s Department of Export-Import Administration, pepper imports of most key markets rose in early 2021, except for China which only bought 41,000 tonnes in January-September this year, down 7.2 percent annually. Therefore, its import demand is predicted to soar later this year, thus exerting a positive impact on Vietnam’s pepper export prices.

Notably, Vietnam’s share in China’s pepper imports hiked from 25.66 percent in the first nine months of 2020 to 30.54 percent in the same period this year.

However, the VPA said the volume of pepper stock in Vietnam for the last two months of the month is not high, estimated at around 25,000 – 30,000 tonnes available for export this year. With the export prices of some 4,000 USD per tonne, earning revenue could reach around 100 million USD or beyond in two remaining months of this year.

Vietnamese cashew nuts occupy Chinese market

Cashew nuts imported from Vietnam into China increased sharply in turnover in the first 9 months of 2021, helping Vietnam gain share in the market of billions of people.

Photo for illustration. (Source: congthuong.vn)

According to the Administration of China Customs, the country's cashew nut import turnover in September 2021 reached 22.24 million USD, up 17.7% from the previous month.

In the nine months, China’s cashew imports were valued at 125.84 million USD, up 23% over the same period last year.

China imported cashew nuts from Vietnam with a turnover of 110.88 million USD, up 28.7%. Vietnam’s cashew nut market share in China’s total import turnover increased from 84.17% in the first 9 months of 2020 to 88.12% during the same period of 2021.

Vietnamese cashew nuts in China enjoy increase in both turnover and market share compared to other suppliers: Togo, 4.6 million USD, accounting for 3.63%; Benin, 3.3 million, USD, 2.61%; Ivory Coast, 2.8 million USD, 2.23%; and Cambodia, 1.6 million USD, 1.23%.

Vietnam accounts for more than half of Korean shrimp imports

According to the Korean Customs Administration, in the first nine months of 2021, the RoK imported 71,440 tons of shrimp, worth 533.7 million USD, up 2.9% in volume and 13% in value compared to the same period in 2020.

Vietnam accounts for more than half of Korean shrimp imports.(Photo: congthuong.vn)

Vietnam is the largest shrimp supplier to the RoK in the first 9 months of 2021. Vietnamese shrimp accounted for 51.2% in volume and 49.5% in value, representing 36,500 tons and 264.1 million USD, down 1% in volume but up 8.5% in value from the same period last year.

In the 9 months, the country’s shrimp imports from Thailand, Ecuador and China all increased very strongly compared to the same period last year.

Meanwhile, RoK’s shrimp imports from Vietnam decreased by 1% in volume, causing Vietnam’s shrimp market share in the country’s total imports to decrease to 51.2% in volume and 49.5% in value in the first nine months of 2021.

HCM City expects to welcome international tourists from December 2021

The Ho Chi Minh (HCM) City Department of Tourism has just developed a draft scheme to welcome international tourists using vaccine passports from December 2021, instead of from the beginning of 2022 as planned, with 3 phases.

From December, HCM City plans to pilot welcoming tourists with vaccine passports. (Photo: plo.vn)

Specifically, in the first phase from December 2021, the city will pilot greeting international arrivals under package and closed travel programs by air and waterways in selected areas and tourism service establishments.

In the second phase from January 2022, the southern hub will allow all qualified tour operators to serve international tourists.

Photo for illustation. (Source: qdnd.vn)

During the period, tourists can join tourism programs combining multiple destinations after completing the tour program in HCM City within 7 days. In the immediate future, HCM City will connect with other provinces and cities such as Kien Giang, Khanh Hoa, Da Nang, Quang Nam and Quang Ninh, and may add some other localities.

The third phase will fully reopen to the international tourist market. The starting time will be based on the actual epidemic situation and the evaluation of the results of welcoming international tourists in the first two phases./.

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