Vietnam imports over $80 million worth of pepper in first 7 months of 2024
Pepper is known as "black gold" in Vietnam as the country has long been one of the world's leading producers and exporters of the prized spice. However, Vietnamese businesses still need to import significant amounts of pepper each year due to supply constraints.
The World's Most Expensive Pepper Found in Vietnam
Aji Charapita pepper, also known as the "mother of all peppers," is considered the world's most expensive chili pepper. Native to Peru, this unique pepper is rarely commercially farmed, making it a highly coveted ingredient among chefs and pepper aficionados globally. In recent years, Aji
Technical recession in Europe and the Fed's move affected Vietnam
The tightening monetary policy of the Fed and ECB, the risk of technical recession in Europe, and China's recovery momentum impact Vietnam's imports and exports, according to a newly published report by BIDV Securities (BSC).
The sudden appearance of El Nino caused countries to buy Vietnamese rice massively
The phenomenon of El Nino reappeared, helping Vietnam's rice grow suddenly in export output, and many countries rushed to buy Vietnamese rice.
Standard Chartered forecasts Vietnam’s 2030 export revenue to reach US$620 billion
HCMC – Vietnam is poised to become a major driver of global trade growth, with its export revenue projected to reach US$618 billion by 2030, according to a report by Standard Chartered titled “Future of Trade: New opportunities in high-growth corridors.” The report said that global trade is
Vietnam’s first batch of lychees arrives in UK
HCMC – Vietnam’s TT Meridian has sent the first shipment of seedless lychees to the UK, which arrived in the Western European market on June 16, the Vietnam News Agency reported. This is the fourth Vietnamese specialty fruit to be exported to the UK under the official quota this year after Tan Lac
Thanh Hoa, Vietnam: Expanding seedless lychee growing area for export
The first cargo of 1.1 tons of seedless lychee from Thanh Hoa, according to Mr. Cao Van Cuong, Director of Thanh Hoa Department of Agriculture and Rural Development, was recently sent to Japan and the UK.
Vietnam’s exports grow 4.3% in May
HCMC – Vietnam’s exports in May continued to improve, with a 4.3% increase versus April to US$29 billion, according to an official at the Ministry of Industry and Trade. During the first five months of the year, exports generated US$136.2 billion. Manufactured products accounted for over 88% of
More challenges ahead
Apart from flagging orders, stringent requirements for clean energy transition, sustainable materials, and low-carbon and eco-friendly production present new challenges to Vietnamese manufacturers Technical barriers The prolonged Russia-Ukraine military conflict, escalating inflation, and economic
Vietnam gains trade surplus of nearly US$10 billion in Jan-May
HCMC – Vietnam’s export revenue in the first five months of this year inched down, but the country enjoyed a trade surplus of US$9.8 billion, according to the General Statistics Office. The country’s import-export value has totaled an estimated US$262.5 billion in January- May. Of the amount,
Agro-forestry-fishery exports bring US$20.2 billion in Jan-May
HCMC – Vietnam earned around US$20.26 billion from exports of agricultural, forestry and fishery products in the first five months of 2023, down 11.1% year-on-year, according to the Ministry of Agriculture and Rural Development. The country spent US$13.15 billion importing these types of products,
Vietnam’s exports fall further in first half of May
HCMC – Vietnam reported only US$23.9 billion in foreign trade in the first half of May, down 10.8% from the second half of April, official data showed. Exports plunged 21.3% from the second half of April to US$11.5 billion, which is US$988 million lower than import spending. The falling export