Vietnamese earns nearly USD3 billion from rubber exports during 11-month period

Wednesday, 07/12/2022 16:42
The Agro Processing and Market Development Authority said that Vietnam earned USD2.93 billion from exporting nearly 1.86 million tonnes of rubber during the 11-month period.
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Vietnamese earns nearly USD3 billion from rubber exports during 11-month period (Photo: VOV)

Accordingly, the figure increased by 9.1% in volume and 3% in value compared to the same period from last year, said Radio the Voice of Vietnam.

November alone witnessed the country export roughly 240,000 tonnes of rubber worth USD328 million, up 7.3% in volume and 4.6% in value over the previous month.

The average export price witnessed a decline of 2.6% to US$1,366 per tonne from October and down 19.3% compared to November last year.

During the reviewed period, China, India, and the Republic of Korea became the largest consumers of Vietnamese rubber products, duly accounting for 69.5%, 7.1%, and 2.6% of the market share, respectively.

The strongest export growth was recorded in the Russian market with an increase of 44.4% compared to the same period last year, while the rubber export value in Spain experienced the largest decrease.

Meanwhile, Vietnam imported 2.03 million tonnes worth USD2.93 billion during the 11-month period, with Cambodia accounting for 47.9% of market share, followed by the Republic of Korea with 10.5% and China with 9.4%.

Compared to the same period from last year, the import value of rubber from these three markets experienced respective rises of 15.3%, 13.4%, and 50%.

Foreign travelers keen to select Vietnam as destination

The Vietnam National Administration of Tourism (VNAT) reported the number of international searches for Vietnamese tourism has stayed high over the past months, mostly coming from the Republic of Korea, India and the United States.

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Foreign visitors in Hoi An ancient town (Photo: tinnhanhchungkhoan.vn) 

Statistics show that the number of international searches for tourist accommodations in the country was 12 times higher than that of early March. The nation’s most sought-after destinations among international tourists include Ho Chi Minh City, Hanoi, Da Nang, Phu Quoc, Hoi An, Nha Trang, Da Lat, Phan Thiet, and Hue.

According to the VNAT, Vietnam welcomed over 2.95 million foreign visitors during the past 11 months, with the Republic of Korea (RoK) topping the list, accounting for 26% of the total arrivals, followed by the United States with 9%.

Most notably, the number of international tourists rose 23.2% in November compared to the previous month, reported Radio the Voice of Vietnam.

Elsewhere, the country enjoyed a strong rise in Indian tourists with 27,000 arriving in November, up 31% month on month and more than 50% year on year.

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Foreign visitors in Hanoi (Photo: PANO) 

Searches for Vietnamese destinations from the Indian market are also rapidly rising, with the volume in November increasing by 20% compared to last month. The most searched destinations include Hanoi, Ho Chi Minh City, Phu Quoc, Da Nang, Hoi An, and Quy Nhon.

To meet the target of receiving five million foreign visitors this year, the tourism industry will continue to implement a range of tourism promotional events and attend international tourism fairs. In addition to utilising high-class beaches and resorts, the industry will promote a number of segments, including golf tourism, MICE (meeting, incentive, convention, exhibition), as well as wellness and adventure tourism.

Vietnam spends nearly 190 million USD on importing pork in ten months

Vietnam spent nearly 190 million USD on importing about 89,000 tonnes of pork in the first ten months of this year, according to the General Department of Vietnam Customs.

According to the Vietnam News Agency, the figures showed year-on-year decreases of 34.4% and 39.6% in volume and value, respectively.

In the first ten months of 2022, Vietnam imported pork from 30 markets, including Brazil (37.3%), Russia (24.9%), Germany (12.8%), Canada (8%), and the Netherlands (4.7%). Except for Brazil, the amount of pork imported from the other markets decreased compared to the same period in 2021.

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Vietnam imports about 89,000 tonnes of pork in the first ten months of this year. (Photo: VNA) 

In October 2022, Vietnam imported nearly 12,000 tonnes of pork, valued at 26.02 million USD, down 5.6% in volume and 22.4% in value compared to the figures a year earlier.

Meanwhile, in October this year, the country earned 5.77 million USD from exporting about 1,000 tonnes of pork, up 113.3% in volume and up 68.6% in value. Vietnamese pork is mainly exported to Hong Kong and Laos.

According to the Agency for Foreign Trade under the Ministry of Industry and Trade, the amount of exported pork accounted a small proportion of the country’s total pork output due to limitations in processing, market forecasting for production adjustment and disease prevention and control.

Pig breeding costs in Vietnam are higher than the world’s average, resulting in the lower competitiveness of the country's pork.  

As Tet (Lunar New Year) is approaching, the domestic demand for cattle and poultry meat is expected to increase but the hike will not be high because of abundant supplies, according to the department.

In 2023, Vietnam's livestock sector strives to achieve an output of more than 4.5 million tonnes of live pigs and pork prices are expected to rise by 5% thanks to increased demand and reduced supply.

Vietnam hosts over 100 million domestic visitors, surpassing all forecasts

Domestic tourism is strongly bouncing back, recording more than 100 million visitors so far this year, higher than all forecasts and up 1.5 times compared to the yearly target of 60 million.

The figures were unveiled at a press conference held by the Ministry of Culture, Sports and Tourism’s Culture newspaper on December 6 to announce the voting of the sector’s top ten events this year, said the Nhan Dan Newspaper.

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Domestic tourists in Hue (Photo: thuonghieucongluan.com.vn) 

The organiser said, given COVID-19-induced impacts and an unsatisfactory recovery of the international tourist segment, the number of domestic travellers even far exceeded the 85 million posted in 2019, the year before the pandemic.

At the event, deputy editor-in-chief of the newspaper Phan Thanh Nam said 15 most remarkable events selected from 111 nominations were submitted to leaders of the ministry serving the voting.

Of the 15 events, there are seven in the category of culture, four in sports, three in tourism, and one in family.

The hybrid voting, with every one eligible, is set to last from December 6 to 9./.

Compiled by BTA

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