In recent years, Vietnam’s food processing industry has been growing strongly, step by step supplying many products with high competitiveness, dominating the domestic market and increasing exports. Statistics from the Ministry of Industry and Trade show that Vietnam’s annual food consumption is estimated at 15 percent of GDP. Over the past five years, the average
While growth is set to ease in 2019, Việt Nam will still be among the top 10 fastest-growing economies globally, according to the “Economic Insight: South-East Asia” report recently released by the Institute of Chartered Accountants in England and Wales (ICAEW). In the report, ICAEW predicts that economic growth across Southeast Asia (SEA) is expected
The pepper industry plans to reduce the area under the spice and focus on improving quality to ensure long-term growth, according to the Ministry of Agricultural and Rural Development. The cultivation area has increased sharply since 2010 to 152,668ha last year, exceeding the area zoned in the Government’s plan by 100,000ha. High prices for pepper
Over the past three years, Japan’s pepper imports have fallen from 9,100 tons in 2015 to 8,750 tons in 2016 and to 8,200 tons in 2017. Approximately 60% of pepper imports into Japan are whole grains, mainly from Malaysia and the rest are mainly from Indonesia and Vietnam. In 2018, Japan’s pepper imports are expected
In 2017, imports of pepper into the UK fell 9% to 14,300 tonnes (including 7,450 tonnes whole grain and 6,850 tonnes of groundnuts) compared to 12,900 tonnes (4,550 tonnes whole and 8,350 tonnes of ground pepper) by 2016. whole pepper was up 39% while pepper was down 23%. In the first half of 2018, total
The Netherlands is an important trade partner of EU countries. Successful exports to this market play an important role in penetrating the EU market. For pepper, in 2017, the country imported 13,200 tonnes of pepper (including 8,400 tonnes of whole grain, 4,800 tonnes of groundnuts), up 6% from 12,400 tonnes in 2016. Imports of whole
Italy moved to import pepper of Vietnam As one of Europe’s major pepper import markets, in 2016, Italy imported 4,533 tonnes of pepper, including 3,711 tonnes of whole grain and 822 tonnes of ground pepper, worth $ 41.2 million. In 2017, Italy imported 4,810 tonnes of pepper, including 3,888 tonnes of whole grain and 822
Vietnam’s goods have successfully entered several European and Asian markets through government initiated programs. Vietnamese Goods Week in Singapore, an important trade promotion event, took place at 140 supermarkets belonging to NTUC FairPrice on November 13-26. The Vietnamese Trade Counsellor in Singapore, Tran Thu Quynh, said that besides 600 items available at the Singaporean retail
Ho Chi Minh City’s economy grew at 8% in the first nine months of 2017, posting the highest growth since the beginning of this year. Vietnam’s biggest city’s gross regional domestic product (GRDP) reached VND775.874 trillion (US$34.2 billion) during January-September. The city’s three key sectors – services, industry and construction, and agriculture – continued to
