Vietnam may earn 8.6 billion USD from exporting aquatic products this year, the same as the figure in 2019, the Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast, adding that it would be a result beyond the expectations of most given the COVID-19 pandemic.
Cambodia exported 5.05 million tonnes of non-rice agricultural products in the first 11 months of this year, climbing 46 per cent from the same period last year, the Ministry of Agriculture, Forestry and Fisheries reported.
Iran has voiced an interest in buying Cambodian agricultural products for domestic consumption and re-export, Cambodian ambassador to Thailand Ouk Sorphorn told The Post on December 3.
Vietnam's seafood exports in the first 11 months were worth $7.8 billion, unchanged from the same period last year, indicating a recovery from the Covid-19-induced slump.
VietNam Economic News
Export turnover of the garment and textile sector is expected to reach US$33-35 billion in 2020, a drop of 10 percent compared to the previous year. Although the market is recovering, it will be difficult to achieve the set target of US$42 billion.
The wood processing industry continues to be among top 10 key export categories in 2020.
South Koreans investing in Viet Nam can capitalise on preferential treatment under free trade agreements (FTAs) that Viet Nam has signed to boost exports, one top official said.
Vietnamese businesses have many opportunities to promote exports to the global halal market and develop the halal industry in Viet Nam, according to experts.