More Vietnamese businesses may soon be allowed to export aquatic products to Russia this year after a Russian working group made a fact-finding tour of some Vietnamese exporters, said Trade Counsellor of Vietnam in Russia Duong Hoang Minh.
A tra fish
processing factory (Photo: VNA)
Minh said Vietnam’s trade office in Russia had earlier held a
working session with local agencies.
The move was made after Vietnam was given a "yellow card” warning by the
European Commission in September 2017 for failing to progress in fighting
illegal fishing, which could lead to a drop in aquatic exports to the EU and
The counsellor said exports to Russia have encountered difficulties recently
since this country and the Eurasian Economic Union (EAEU), of which it is a
member, limited aquatic product imports and only allowed 21 Vietnamese
companies to ship products to Russia.
However, there are more than 500 Vietnamese businesses eligible to export to
the EU and other demanding markets at present. Therefore, the trade office of
Vietnam has worked with the Ministry of Agriculture and Rural Development to
persuade Russian agencies to lift barriers to Vietnamese aquatic products.
It also invited relevant agencies of Russia and the EAEU to make fact-finding
tours to Vietnam in an effort to have more companies be allowed ship aquatic
products to these markets, Minh added.
In 2017, Vietnam exported 2.2 billion USD worth of goods to Russia, up 35
percent year on year. Commodities with high export growth included vegetables,
fruits, cashew nuts, textiles-garments, wood products, machinery and spare
The counsellor said the Vietnamese trade office in Russia will now focus on
helping businesses boost shipments and capitalise on the Vietnam-EAEU Free
It will also continue working to understand regulations and commitments in the
World Trade Organisation and free trade agreements, as well as possible trade
(HBO) – Most of enterprises in industrial zones, especially enterprises which were invested by FDI (Foreign direct investment) and has implemented the projects on scheduled time, achieved effective activities in production and business. That leads to stable growth in revenues and exports, create more jobs and actively contribute to provincial economic restructuring.
(HBO) - Recently, the models of growing passion fruit in Tan Son commune (Mai Chau) has brought high economic efficiency.
(HBO) – There is no doubt that the old barren hills are now being covered with the green of grapefruit trees. If Mr. Pham Khac Thuong had not pioneered with the "strange work" of taking red grapefruit up to the hill, perhaps, those slopes would be still now acacia planted. With the desire to bring red grapefruit further, He led the investment in machinery for preliminary processing, packaging products, etc.
Trading through commodity exchanges will be more convenient in Vietnam with the Government’s new regulations on the establishment and trading on the commodity exchange.
According to the Ministry of Agriculture and Rural Development, Vietnamese rice export prices are increasing rapidly. 5% broken rice is now selling at from US$455 to US$460 per tonne, the highest price since August, 2014. In the first three months of 2018, the average price of Vietnamese rice reached US$ 501 per tonne, an annual increase of 15%.
(HBO) – The People’s Committee of Yen Lac district has held a conference to review the efficiency of a chili-growing model for export in the locality in 2018.