Photo for illustration (Source: vietnamnet.vn)
According to CNN’s description, Broth is simmered for hours with cinnamon, star anise and other warm spices to create a wonderfully aromatic base for this rice noodle soup.
The soup is considered a national dish and can be found all over the country though it originated in the north before being taken to the south, where people have added their own influences to the dish.
Pho has been getting rave reviews from global travel magazines for decades, and no visitor to Vietnam fails to mention it.
Today, beef pho remains the most beloved version in Vietnam, with options that include the original raw beef, a mix of raw and cooked beef, brisket and tendon.
Vietnam ranks third worldwide in terms of rubber export value
Vietnam ranked third in the world in terms of rubber export value, with 3.24 billion USD in 2021, up 36.2 percent from the previous year, VNA cited reported by the Ministry of Agriculture and Rural Development (MARD).
Illustrative image (Source: VNA)
Vietnamese rubber has been present in more than 80 countries and territories, and the sector has penetrated more intensively in major markets.
The Vietnam Rubber Association (VRA) said the sector makes up a large share of the country’s agricultural product exports, with tyres, gloves and rubber gaskets considered drivers of the industry.
Last year, the Vietnam Rubber Group (VRG) churned out 402,900 tonnes of rubber latex, surpassing its set target by 6 percent and up 30,000 tonnes from the previous year.
It also purchased 90,500 tonnes of rubber latex, exceeding the target by 28 percent, and sold more than 490,000 tonnes, 7 percent higher than the target.
The scarcity of rubber materials in 2021 which is expected to continue this year, would benefit Vietnam in terms of both export volume and value, the VRA said.
The Association of Natural Rubber Producing Countries (ANRPC) also forecast that the global rubber demand will increase in the time ahead due to loosened travel restrictions and the reopening of borders by countries, helping to resume economic activities.
Therefore, rubber prices would remain high this year, the association said.
Tran Ngoc Thuan, Chairman of the VRG Board of Directors, said the rubber sector and his business in particular are working to achieve the target of building a sustainable and competitive rubber industry.
The group’s cumulative revenue is projected to reach 30 trillion VND (1.32 billion USD) and its profit is set at 6.3 trillion VND, he added.
VRG member businesses have made efforts in building brand names and expanding the markets, while coordinating in market assessment and price management, Thuan noted.
Seafood enterprises advised to fully tap into Russian market
According to VOV, With Vietnam’s aquatic market shares in Russia accounting for less than 2% of the country’s total seafood export turnover, local firms have been advised to strive to fully tap into the Russian market thanks to tax incentives from the Vietnam-EAEU free trade agreement.
Photo for illustration (Source: VNA)
The Vietnam Association of Seafood Exporters and Producers (VASEP) has stated that Vietnamese seafood exports to Russia by the end of November last year surged by 27% to reach nearly US$150 million against the same period from 2020.
With the preferential tariffs set out under the terms of the Vietnam-EAEU free trade agreement, Vietnamese aquatic products have been increasingly competitive within the Russian market.
Photo for illustration (Source: qdnd.vn)
Despite these strengths, To Thi Tuong Lan, deputy secretary general of the VASEP, revealed that after five years of implementing the trade deal, the number of local enterprises licensed to export goods to the demanding market has been limited due to complicated registration procedures.
This is in addition to other factors such as high freight rates and Russia’s stringent regulations over food safety and product quality under the terms of the trade pact.
As a means of promoting aquatic exports to the Russian market, Lan emphasised the necessity of strengthening co-operation to remove hurdles, promoting bilateral payments in local currencies, and launching rail services to ease the pressure on the sea route.
Lan went on to suggest that the Russian Federal Service for Veterinary and Phytosanitary Surveillance allow additional Vietnamese seafood enterprises to enter the Russian market in the coming time.
Tra fish exports forecast to rake in US$1.7 billion in 2022
Tra fish (pangasius) export turnover is expected to hit US$1.7 billion as a result of adaptation efforts made by local businesses and effective State support, VOV reported the sayings by Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP).
( Source: VOV)
Tra fish export turnover is expected to reach US$ 1.7 billion this year thanks to adaptation efforts of businesses and effective State support.
This comes after local tra fish production and exports were negatively impacted by the COVID-19, especially in the third quarter when export revenue reached only US$295 million, posting an annual decline of 21%.
As of November, 2021, total export revenue of the product stood at US$1.4 billion, whilst the figure for the entire year was estimated to be US$1.54 billion.
However, strong growth in tra fish exports could be seen in the United States, one of the major markets for Vietnamese tra fish, with a 48% on-year rise during the past 11 months of 2021 to US$324 million. In addition, increases of 44% to 84% were also recorded in Mexico, Brazil, Colombia, Russia, and Mexico.
Moving forward, it is anticipated that tra fish production this year will be similar to that seen in 2021 at about 1.5 million tonnes, of which about one million tonnes will be exported, the VASEP representative said.
He added his hopes that the Chinese market will remain stable again in 2022 as a contribution to bolstering exports of this product.
Hoe went on to predict that there will hardly be any exceptional growth in the US market, with a similar situation set to manifest itself in both the EU and UK markets.
Meanwhile, continuous growth is predicted to occur in local exports to markets such as Mexico, Brazil, Colombia, Russia, and Egypt./.