Addressing a meeting in Hanoi on June 12 with an Australian delegation attending the Australia-Vietnam Investment and Trade Expo, the Deputy PM said that Vietnam hopes for Australian firms’ affiliation in exporting and distributing Vietnam’s farm and aquatic products to Australia.
He noted that Vietnam and Australia have become important partners in all fields, including defence-security, economic-trade, education, science-technology, as well as at regional and international multilateral forums.
The two countries have passed partnership programmes for trade, security and renovation, he said.
Economy-trade is the most developed area in bilateral partnership, he said, pointing that last year, two-way trade reached 5.26 billion USD, up 6.5 percent over 2015. As of the end of March 2017, Australia has 396 projects in Vietnam with1.82 billion USD, ranking 19th out of 116 countries and territories investing in the country.
Deputy PM Binh held that education and tourism are promising cooperation areas for the two sides. Currently, about 30,000 Vietnamese students are studying in Australia, he said, adding that Vietnam is a popular destination among Australian tourists, while the number of Vietnamese visiting Australia is on the rise.
Highlighting Vietnam’s efforts to continue improving the business and investment environment to enter ASEAN’s leading group, he stressed the importance of the private and foreign-invested sectors to the country’s economic growth and competitiveness.
Vietnam’s National Assembly is mulling over the Law on Support of Small and Medium-sized Enterprises, thus backing the firms’ development, said the Deputy PM.
Meanwhile, Enda Stankard from Moelis Investment Fund said that the Australian delegation’s attendance in the Australia-Vietnam Investment and Trade Expo aims to foster cultural and trade exchanges between the two countries. The delegation held meetings with many authorized agencies with Vietnam, he said.
Stankard stated that more Australian enterprises are interested in Vietnam’s green and renewable energy from waste and copyright.
At the same time, many Vietnamese businesses are investing in Australia in agriculture, mining, and skilled labour export, he added.
Source: VNA
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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