Following the implementation of several free trade agreements (FTAs), shrimp exports in 2021 are anticipated to increase by 15% compared to last year, to reach over US$4 billion in revenue, according to insiders.
The General Department of Vietnam Customs (GDVC) has just released the Customs statistical information dissemination timetable for import and export goods in 2021.
Last year, the agricultural sector had 16 projects on processing and preserving agricultural, forestry, and aquatic products with a total investment of about VND17.3 trillion. Generally, in the past four years, 67 factories had been put into operation.
The U.S. has made no decision on imposing tariffs on Vietnamese goods regarding the recent allegation of currency manipulation, a Vietnamese minister says.
Vietnam earned over US$3 billion from exporting rice in 2020, according to the Vietnam Food Association (VFA), a year-on-year increase of more than 10%.
According to the commitments inthe Free Trade Agreements that Vietnam has signed, all member markets are open to Vietnam's roasted and processed coffee enjoy tax incentives. This has encouragedenterprises to invest in roasted and ground coffee processing and instant coffee.
Russia moved to ramp up pepper imports from major markets, including Vietnam, along with India and Indonesia, during the past 10 months of last year, with imports from the country reaching 6,100 tonnes worth US$15.54 million, according to the Russian Federal Customs Service.