During the period, Vietnam’s exports to Israel exceeded US$600 million while imports totalled around US$160 million, said Vietnamese Trade Counsellor to Israel Le Thai Hoa.

Processing cashew nuts for exports.

The two countries’ bilateral trade stood at US$677 million in the first eight months of the year, a slight decrease from a year earlier. The dip was largely owing to political uncertainty and security tension in Israel which have sparked concerns among Vietnamese exporters, plus the Middle East country has set tighter food safety requirements, Hoa said.

Vietnam’s imports from Israel also plunged because of significant declines in imports of computers and electronic parts, machinery and tools, and fertilisers, he added.

Vietnam’s exports to Israel are forecast to amount over US$800 million in 2019 while imports will be worth about US$250 million.

The trade structures of Vietnam and Israel are basically complementary as their export items do not directly compete each other, according to the trade counsellor. He noted that the goods Israel import are also Vietnam’s key export items.

More and more Israeli firms have shown interest in directly importing food and foodstuff, such as cashew nut, seafood, beverage, textile and garment, footwear, consumer goods, processed and dried fruits, from Vietnam.

Notably, Vietnam’s footwear shipments to Israel rose by 27.3% during January – August. Vietnamese fragrant rice and frozen shrimp continued to maintain a strong foothold in the Israeli market, Hoa noted.

In 2018, the bilateral trade surpassed US$1.2 billion last year as many of Vietnam’s staples gained footholds in the Israeli market.

A bilateral free trade agreement is under negotiation and is expected to be inked shortly, in hope of lifting two-way trade to US$3 billion. Israel is currently among Vietnam’s top partners in the Middle East in terms of economic and science-technology cooperation.

Luc Nam: Two more farm produce granted protection certificate for collective brand

(BGO) – The National Office of  Intellectual Property of Vietnam (under Ministry of Science and Technology) has granted the protection certificate for the collective brand of two farm products in Luc Nam district, Bac Giang province including Kham Lang taro of Agricultural Service Cooperative in Kham Lang commune and Bac Lung sweet potato in Bac Lung Agricultural Service Cooperative.

Deal signed to boost Vietnamese farm produce exports to Singapore

Wholesaler MM Mega Market Vietnam (MMVN) and CMM Marketing Management Pte. Ltd. Singapore on August 21 inked a cooperation agreement on exporting Vietnamese farm produce to Singapore.

Bac Giang supports to develop trademark of provincial commodity farm produce

(BGO) – The People’s Committee in the northern province of Bac Giang has issued the project to build and develop the commodity farm produce that meet provincial level standard in the period 2019 – 2021.

Enterprises seek chances to export farm produce to Mexico

 A delegation of the Vietnam Food Association (VFA) made a working visit to Mexico from August 3-7 to look for chances to export rice and other farm produce to American country.

Bac Giang supports investors in processing and preservation facilities of farm produce

(BGO) – The enterprises investing in the processing and preservation facilities of farm produce in the northern province of Bac Giang will be supported.

Source: NDO/VNA