China was the largest consumer of Việt Nam's ago-forestry-fishery products, accounting for 23 per cent of the total or marking a yearly rise of 106 per cent.
Vietnam views the Philippines as one of its most important rice importers, Vietnamese Minister of Industry and Trade Nguyen Hong Dien has told visiting Secretary of the Philippine Department of Agriculture Francisco Tiu Laurel Jr..
Việt Nam expects livestock products to join the list of products gaining billion dollar export value, if Việt Nam can sign the protocol on poultry meat export with China, and continue to negotiate the protocol on pork export to this market, Nam said.
Vietnam has recorded tangible changes in agro-forestry-fishery exports thanks to preferential tariffs in trade with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after five years the trade pact took effect.
The prices of Vietnamese export rice have endured a sharp decline after hitting a record high recently, according to the Vietnam Food Association (VFA).
The anti-dumping investigation initiated by Korea against Chinese PET resin, announced on January 12th, is expected to significantly reduce the export of PET resin from China to Korea.
In order to achieve the export growth target of 6% set for 2024, businesses are required to adhere to major markets such as the United States, the European Union, Japan, the Republic of Korea, and China, according to insiders.