Welsh 3 peaks challenge 2016

The Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts that shrimp exports will reach 3.3 billion USD in 2016, up 12 percent from 2015. The sector saw a surge in the first month of this year, up 8 percent from the same period last year, according to VASEP. Shrimp prices also saw a slight increase of 5-20 percent in the Mekong Delta region due to low supplies. Statistics from the General Department of Vietnam Customs showed that shrimp exports to the US generated 657 million USD in 2015, up 38.3 percent from 2014, making the US the largest import market of Vietnam. Vietnam’s shrimp exports to the US in 2016 will rise thanks to positive results from the ninth administrative review (POR9) for anti-dumping duties on Vietnamese frozen shrimp and the signing of the Trans-Pacific Partnership (TPP). The average anti-dumping tariff rate levied on most Vietnamese frozen shrimp sold in the US market plummeted from 6.37 percent in the POR8 to 0.91 … [Read more...] about VASEP: Shrimp export to earn $3.3 billion in 2016

The sector saw a surge in the first month of this year, up 8% from the same period last year, according to VASEP. Shrimp prices also saw a slight increase of 5-20% in the Mekong Delta region due to low supplies. Statistics from the General Department of Vietnam Customs showed that shrimp exports to the US generated US$657 million in 2015, up 38.3% from 2014, making the US the largest import market of Vietnam. Vietnam’s shrimp exports to the US in 2016 will rise thanks to positive results from the ninth administrative review (POR9) for anti-dumping duties on Vietnamese frozen shrimp and the signing of the Trans-Pacific Partnership (TPP). The average anti-dumping tariff rate levied on most Vietnamese frozen shrimp sold in the US market plummeted from 6.37% in the POR8 to 0.91%, as regulated in POR9. This has eased the tax burden on Vietnamese shrimp exporters. In addition, the US’s growing demand for Vietnamese shrimp, spurred by the rising dollar, will increase … [Read more...] about VASEP: Shrimp export to earn US$3.3 billion in 2016

Vietnam-Philippines Trade Value: US$3 Bln by 2016 Vietnam established diplomatic relations with the Philippines 35 years ago. The State visit by President Truong Tan Sang to the Philippines late October has promoted the bilateral relations and set the foundation for the development in the years to come. The two sides will work hard to bring the trade value to US$3 billion or more by 2016. According to the statistics, since 2008, Vietnam gained a trade surplus of over US$1 billion a year mainly in rice. Rice makes up 50-60 percent of export value, some 1.5 million tonnes a year. Vietnam also exports to the Philippines electronic parts and agricultural produce and imports in return fertilizer, machines and parts, minerals, LPG, petroleum, pharmaceuticals and building materials. In the first 8 months of 2011, Vietnamese exports to the Philippines increased markedly in value: Chemicals US$28 million, up 184.9 percent against the same period last year and 2.7 percent of the total … [Read more...] about Vietnam-Philippines Trade Value: US$3 Bln by 2016