Vietnam’s garment-textile exports expected to reach 45.7 billion USD in 2022

Saturday, 06/08/2022 17:28
Vietnam’s garment-textile exports are expected to earn 45.7 billion USD in 2022 amid good results recorded since the beginning of 2022 and positive market developments.
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Vietnam’s garment-textile exports are expected to earn 45.7 billion USD in 2022 (Photo: hanoimoi.com.vn) 

The General Department of Vietnam Customs reported that as of mid-July, garment-textile was one of the four sectors posting the highest export revenue, with a record of over 20 billion USD, up nearly 20% year-on-year.

Garment-textile was also among the six groups whose export value increased by over 1 billion USD, said the Vietnam News Agency.

Vietnamese garment-textile products were shipped to 55 countries and territories worldwide, including 17 markets with a turnover of more than 100 million USD each.

The US, Japan, the Republic of Korea and Canada were among major buyers of the Vietnamese products.

Earlier, the Vietnam Textile & Apparel Association said textile-garment producers target to earn up to 21 billion USD from exports in the second half of this year, raising total shipments of the year to around 43 billion USD.

Phu Quoc among world's 25 best islands: US magazine

Phu Quoc, Vietnam's largest island off the southern province of Kien Giang, has been selected one of 25 best islands in the world by readers of US magazine Travel+Leisure.

According to the magazine, readers' enthusiasm for the island stems from "its white-sand beaches and delectable food."

The island is renowned for its production of fish sauce, an indispensable Vietnamese condiment, and peppercorns, according to the Vietnam News Agency.

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At a beach on Phu Quoc Island (Photo: thanhnien.vn) 

Other attractions include its coral reefs and dense tropical forest, the magazine wrote.

For this year’s World Best Awards survey, Travel Leisure asked its readers to weigh in on travel experiences around the globe to choose the world’s best islands based on activities, sights, natural attractions, beaches, food and friendliness.

Ischia Island in Italy topped the list, followed by the Maldives and Bali in Indonesia.

Phu Quoc, Vietnam's largest island, has gained popularity after the government allowed 30-day visa free entry in 2014.

Largest breast mill bank inaugurated in Vietnam

A breast milk bank, the largest of its kind in Vietnam, was inaugurated at Hung Vuong Hospital in Ho Chi Minh City on August 6.

The facility with a total investment capital of VND6 billion is able to pasteurize 62 litres of milk per day, reported Radio the Voice of Vietnam.

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The largest breast mill bank was inaugurated at Hung Vuong Hospital in Ho Chi Minh City on August 6 (Photo: bvhungvuong.vn)

This is the second breast milk bank in the South and one of four breast milk banks operating in Vietnam. The inauguration of the new facility is expected to increase chances of survival for premature, low birth weight and pathological babies.

According to Deputy Minister of Health Dr. Nguyen Truong Son, at present, the infant mortality rate remains high in Vietnam, accounting for 70-80% of all deaths in children under 1 year old.

He cited studies showing that among the solutions to reduce infant mortality, breast milk is the most important. Breast milk not only helps children grow up quickly and comprehensively, but also strengthens the immune system, especially in the period when the child’s immune system is not yet complete.

Passive antibodies passed from mother to baby in breast milk will help the baby fight many infectious diseases in the living environment.

Every year, the Neonatal Department of Hung Vuong Hospital takes care of thousands of premature, low birth weight and pathological babies mostly based on formula milk as there is no donated or stored breast milk. The establishment of the breast milk bank is highly appreciated providing milk to these unfortunate children. So far 17 mothers have donated 235 litres of raw milk to the bank.

“We hope that many other mothers will know about the breast milk bank and volunteer to donate milk to help save the lives of other unfortunate children,” said Dr. Hoang Thi Diem Tuyet, director of Hung Vuong Hospital.

Vietnam records US$4.7 billion trade surplus with UK over 12 months

Vietnam enjoyed a trade surplus of 3.9 billion pounds (over US$4.7 billion) in the four quarters to the end of March 2022, up nearly 22% over the same period to 2021, reported the UK’s Department for International Trade.

According to the Vietnam News Agency, the data released early this week showed total trade in goods and services (exports plus imports) between the UK and Vietnam was 5.7 billion pounds, an increase of 15% year-on-year.

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Vietnam enjoyed a trade surplus of over US$4.7 billion in the four quarters (Photo: baodautu.vn) 

During the reviewed period, total UK exports to Vietnam amounted to 905 million pounds (an increase of 0.2%), of which export of goods accounted for 68.3% at 618 million pounds, up 3% year-on-year, while services were 287 million pounds, making up 31.7% and down 5.3% year-on-year.

Major products shipped from the UK to Vietnam included pulp and waste paper (74.4 million pounds), medicinal and pharmaceutical products (71.3 million pounds), beverage (42.2 million pounds), metal ore and scrap (35.2 million pounds) and scientific instruments (31.6 million pounds).

On the other side, Vietnam’s shipments to the UK increased 18.3% to 4.8 billion pounds, 97.2% of which were goods, with only 2.8% services.

The top five goods imported to the UK from Vietnam were telecoms & sound equipment (29.7%), clothing (381.8 million pounds), iron & steel (336.8 million pounds), footwear (334.8 million pounds) and furniture (329.9 million pounds).

Experts forecast the bilateral free trade agreement between the UK and Vietnam, which officially took effect on May 1, 2021, with a wide-range tariff elimination, has helped boost trade between the two markets. However, room for expansion is still large as Vietnam was the UK’s 36th largest trading partner, accounting for just 0.4% of total UK trade.

Updated data on trade in goods showed the UK’s exports of goods to Vietnam decreased by 4.3% in the 12 months to May 2022 compared to the same period of the previous year. Meanwhile, UK imports of goods from Vietnam increased by 15.5% over the same period.

CNN reporter loves Vietnamese fish sauce

Chris Dwyer, a reporter for CNN, says he has loved Vietnamese fish sauce made in Phu Quoc (South Vietnam), though it was not easy to taste at the beginning.

In his story, he described the special fish sauce as an indispensable national ingredient that ranks among condiments such as olive oil or soya sauce, said Radio the Voice of Vietnam.

According to the CNN reporter, visitors don't need to look far to sample a taste of Vietnamese fish sauce as it is present in pho, (the nation’s traditional noodle soup), spring rolls, com tam, banh xeo, com thit nuong, as well as dozens of other ubiquitous dishes.

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A fish sauce barrel house on Phu Quoc Island (Photo: VNA) 

In order to learn more about Vietnamese fish sauce, Dwyer paid a visit to Phung Hung on Phu Quoc Island, a 45-minute flight southwest of Ho Chi Minh City.

The reporter found the Phung Hung fish sauce workshop has been in business since 1950 and is very proud of its reputation as one of the leading producers on an island which many Vietnamese feel is responsible for making the finest fish sauce available in the country.

Dwyer learned that the crucial ingredients in fish sauce are ca com (black anchovies), and smaller white anchovies. Together, they comprise roughly 95% of the fish used in the dish. Larger fish such as sardines and herring make up the rest.

The CNN reporter shared that fish sauce barrels are used as hand-crafted items from wood of boi loi, a tree from Phu Quoc National Park.

He revealed that part of the secret in the sauce is Phu Quoc's unique combination of environmental factors, including the right humidity and heat which slowly lets the mixture be reduced to leave between three and four thousand litres of fish sauce per barrel.

Dwyer quoted Spanish chef Bruno Anon, who leads the culinary programme at Regent Resort Phu Quoc, as saying that fish sauce is the national soul and essence of the Vietnamese people, which sets the country's cuisine apart from the rest of the world.

“In every Vietnamese meal, a small bowl takes pride of place, a sauce that ties together everything on the table,” Bruno Anon added.

The CNN reporter said that several acclaimed fine dining restaurants such as Toyo in Manila in the Philippines are also huge fans of fish sauce, locally known as patis.

He was also reminded of 2016 when globally renowned chef Anthony Bourdain took then-United States President Obama for a humble bowl of bun cha, rice vermicelli with grilled pork.

“The key flavor profile was, as Bourdain explained, nuoc mam - the ubiquitous Vietnamese fermented fish sauce,” he concluded./.

Compiled by BTA

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