Industry and Trade News May 27: Early season lychee prices are high but still in high demand

On May 27, the press reported a lot of information related to the Industry and Trade sector. The Industry and Trade Newspaper would like to review some notable information.

Energy sector

Zing news magazine published information : "Vietnam will export renewable electricity across borders via submarine cables".

On the afternoon of May 26, in Kuala Lumpur, Malaysia, Prime Minister Pham Minh Chinh , Malaysian Prime Minister Anwar Ibrahim and Singaporean Prime Minister Lawrence Wong witnessed the signing ceremony of a development cooperation agreement between leading energy corporations of the three countries on the export of renewable electricity from Vietnam to Malaysia and Singapore. The three Prime Ministers witnessed the ceremony on the occasion of attending the 46th ASEAN Summit. This tripartite agreement marks an important step forward in developing cross-border green infrastructure, exploiting Vietnam's renewable energy potential, towards opening a scalable cross-border renewable energy cooperation model in the Southeast Asian region, thereby making the region a global model for decarbonization solutions and energy transition based on cooperation.

As a member of ASEAN, Vietnam is promoting its strategic vision to become a regional renewable energy hub, with a strong commitment to developing clean energy, reducing emissions and meeting the growing energy demand in Southeast Asia. At a joint press conference on May 25 with Prime Minister Pham Minh Chinh, Malaysian Prime Minister Anwar Ibrahim highly appreciated the vision of ASEAN power grid cooperation.

Import and export sector

Bnews.vn newspaper has an article posted : "Promoting rice bran export to China".

On the afternoon of May 26, the Department of Animal Husbandry and Veterinary Medicine ( Ministry of Agriculture and Environment ) organized a "Conference on implementing the Protocol on exporting rice bran to China for use as raw material for animal feed". According to Mr. Duong Tat Thang, Director of the Department of Animal Husbandry and Veterinary Medicine, China is the largest consumer market for agricultural products of Vietnam, especially in the fields of fruits, seafood, and animal feed. Vietnam has the Mekong Delta as the rice granary of Asia and the world, with an estimated rice bran output of about 4 million tons per year. In addition to serving the domestic livestock market, Vietnam has the potential to export to serve the Chinese market. Based on that reality, the former Ministry of Agriculture and Rural Development, now the Ministry of Agriculture and Environment, has taken advantage of every opportunity to negotiate the export of advantageous products; including rice bran.

Domestic market sector

The Laborer newspaper has an article: "Lychee at the beginning of the season is sold for 60,000 VND/kg".

Early season lychees are being retailed in Hanoi at a very high price of 60,000 VND/kg. Ms. Hoa, a fruit vendor on Doi Can Street, Hanoi, said that lychees are being sold at 55,000 - 60,000 VND/kg.

Early season lychee prices are 15-20% higher than the average of previous years.

The lychees are in high demand because they are early in the season, but the price is high, so Ms. Nga divides them into small bunches weighing 1-1.5 kg. Moreover, the characteristics of early-season lychees are slightly sour and juicy, so customers buy them mainly to try.

Lychee is sold on online markets at a cheaper price, only 35,000-40,000 VND/kg and most of the sellers advertise that there are only small quantities.

Industrial sector

An ninh Thu do newspaper reported: "Vietnamese semi-trailers are exported to Canada without being subject to trade defense taxes".

The Canada Border Services Agency (CBSA) has just announced the conclusion of its investigation into the case of anti-evasion of trade remedies (PVTM) duties on some semi-trailers imported from Vietnam. According to the CBSA's conclusion, semi-trailers imported from Vietnam do not have acts of evading the PVTM measures currently applied to similar products imported from China. This conclusion is unchanged from the preliminary conclusion issued last April.

According to the Trade Remedies Authority (Ministry of Industry and Trade), this conclusion means that Vietnamese manufacturing/exporting enterprises can continue to export semi-trailers to Canada without being subject to trade remedies tax, thereby helping to maintain stable and legal trade activities in this market.

Industry and Trade Newspaper

Source: https://congthuong.vn/tin-cong-thuong-275-vai-thieu-dau-vu-gia-cao-van-dat-khach-389559.html