The Vietnam International Food Industry Exhibition 2016 (Vietnam Foodexpo 2016) will take place from 16th - 19th of November in Ho Chi Minh City, Vietnam. This is a large-scale event which is held annually to promote the strong brands, introduce new products, technologies, services… of Vietnam and invited countries in the field of food industry.
Since the agricultural did not develop in the Gulf Cooperation Council (GCC), imported food plays a very important role, contributing to 70% of food needs. Thanks to widespread free trade, a large proportion of imported products (approximately 50%) and then continue to be re-exported to the GCC countries, including the countries of the Soviet Union, Indian Subcontinent and East Africa.
Canada-Vietnam bilateral trade reached 2.8 billion USD in the first nine months of 2015
Written by SMARTEX
According to Canada’s Statistics agency, the Canada – Vietnam two-way trade increased sharply in the first nine months of 2015, reaching 2.815 billion USD, increase over the same period last year. Vietnam continued enjoying trade surplus with Canada.
Market Research and Export Development
Written by SMARTEX
Visit the following websites to have more information on market reasearch, forecast, export development, etc.
SME Toolkit for Market Development: http://www.smetoolkit.org
Trade Map: http://www.trademap.org
CBI (Centre for the Promotion of Imports from developing countries): https://www.cbi.eu
"Trade Promotion Plan for Vietnamese tea industry" Seminar - opportunities and challenges for the tea industry
Written by editor
In the morning of January 7th, 2016 at the Trade Promotion Department, 20 Ly Thuong Kiet, Hanoi, Programme Management Committee "Improving export competitiveness of small and medium-sized enterprises in Vietnam (SMEs) through system of local trade promotion "held a seminar" about the trade promotion plan for Vietnamese tea industry ".
Preliminary exports, imports of goods of Vietnam in the first half month July 2016 (from July 1st until July 15th 2016)
Written by SMARTEXThe latest preliminary statistics of the General Administration of Customs showed that total exports and imports of Vietnamese goods during the first period of July/2016 (from 01/7 to 15/07/2016) was over 14.51 billion decreased 4% (corresponding to the reduction of 605 million) compared to the second period of June/2016.
Thus, by the end of 15/07/2016 the total exports and imports of goods turnover of the whole country reached more than 177 billion dollars, an increase of 2.8% (corresponding to more than 4.85 billion US dollars) over the same period in 2015. The balance of trading in the first period of 7/2016 decrease 87 million USD, putting the trading balance of the whole country since the beginning of 7/2016 to 15/7/2016 was a surplus of nearly 1.61 billion USD.
In the first 15 days of 7/2016 enterprises with foreign investment (FDI) reached an export turnover of more than 9.22 billion USD, down 2.7%, which equal to a decrease of 259 million USD compared to the second half of 6/2016. At the end of 15/07/2016 this block export turnover reached nearly 113.64 billion dollars, up to 4.3%, corresponding to more than 4.64 billion dollars over the same period in 2015. The trade balance goods of the business sector with FDI in the first half of 7/2016 reached 630 million USD, bringing the surplus of this sector from the beginning of the year to the end of 15/07/2016 more than 10.87 billion USD.
On the Export:
Export turnover of Vietnam in the first period of 7/2016 reached more than 7.21 billion USD, down 6.2% (corresponding to a decrease more than 477 million USD), compared with 15 days last month 6/2016. By the end of the day 15/07/2016 exports of the country reached more than 89.3 billion USD, up to 6.5% (corresponding to nearly 5.44 billion dollars) over the same period in 2015.
Compared with the second half of 6/2016, exports in the first period 7/2016 vary strongly in some commodity groups as: cement and clanke 36.5% increase respectively 6 million USD; fruits and vegetables increased by 28.7%, corresponding to an increase of 26 million USD; rubber up 18.3%, corresponding to an increase of 12 million USD; On the other side, coal fell 98.9% respectively down 3 million USD; iron and steel decreased by 48.3%, equivalent to 59 million USD; precious stones, non-ferrous metals and products decrease 36.9%, down 35 million USD; chemicals fell 31%, down 16 million USD; ...
Table 1: The export turnover of the 10 largest commodity groups of Vietnam from the first period of 7/2016 to 15/07/2016
The value goods exports of enterprises with foreign direct investment (FDI) in this period reached nearly 4.93 billion USD, down 7.1% (corresponding to the decrease of 375 million USD) compared to 15 days of late 6/2016. Thus, by the end of the day 15/07/2016 exports turnover of FDI enterprises reached more than 62.25 billion USD, up 9.8%, respectively an increase of nearly 5.56 billion USD over the same period of 2015 and accounted for to 69.7% of total exports turnover of the whole country.
On the import:
The value goods imports of Vietnam in the first period of 7/2016 reached more than 7.3 billion USD, down 1.7% (equivalent to a decrease of 127 million), compared to 15 days of late 6/2016. By the end of the day 15/07/2016 goods imports turnover of the whole country reached nearly 87.7 billion dollars, down 0.7% (corresponding to a decrease of 584 million USD) over the same period in 2015.
Compared with the second half of the 6/2016, imports during the first period of 7/2016 vary strongly in some commodity groups as: raw tobacco materials 1.7%, respectively an increase of 5 million USD; cameras, camcorders and accessories increased by 45%, equivalent to 16 million USD; animal food and raw materials raised by 41.9%, respectively to an increase 53 million; motorcycles and components and spare parts went up by 29.9%, corresponding to an increase of 5 million USD; ... In contrast, a decrease of 73% soybean products corresponding reduction of 74 million USD; Other vehicles and parts decreased 61.6%, down 36 million USD; liquefied natural gas fell 59.7%, down 14 million USD; ores and other minerals fell 45.3%, down 16 million USD; ....
Table 2: Import turnover of the 10 largest commodity groups of Vietnamin the first period from 6/2016 accumulated to 15.06.2016
An imported goods of enterprises with FDI in the first period of 7/2016 worth nearly 4.3 billion USD, up 2.8% (respectively up 115 million USD) compared to 15 days of last 6/2016. Thus, by the end of the day 15/07/2016 imports turnover with FDI enterprises reached nearly 51.39 billion USD, down 1.8% over the same period in 2015, down 916 million USD, accounting for 58.6% of the total gooods imports of the whole country.
Source: Vietnam Customs
The latest reports were published in January 26th of the United Nations (UN) about the African economic forecasts which could reach 4.4% growth rate in 2016. It went up when being compared with an increase 3.7% of 2015.
The traditional friendly relationship between Vietnam and India has a long life, it originates from the contacts and exchanges profound history about culture-religion-commerce. In modern times, the relationship between the two nations have been founded by two outstanding senior leaders of the two countries as President Ho Chi Minh and Prime Minister J.Nehru, which is nurtured by the next generation of leaders and citizen of two countries.
In recent years, trade relations between Vietnam and North African countries have made positive progress. The two sides increase the exchange of visits by the State, the Government and the enterprise; signing of the economic partnership agreement, an important trade; organized many seminars, business forums.
French business evaluated the economic growth and political stability in Vietnam creating confidence for investors when comparing with many other countries.
