Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Gladstone Capital (GLAD) Announces Earnings on Monday

    January 30, 2023

    Small steel company Hi Tech Pipes approves stock split.Click here for details

    January 30, 2023

    Markets Live: Sensex, Nifty rangebound; small-cap gains, Voda Idea gains 9%

    January 30, 2023
    Facebook Twitter Instagram
    Trending
    • Gladstone Capital (GLAD) Announces Earnings on Monday
    • Small steel company Hi Tech Pipes approves stock split.Click here for details
    • Markets Live: Sensex, Nifty rangebound; small-cap gains, Voda Idea gains 9%
    • NATO Secretary General Urges South Korea to Allow Direct Arms Exports to Ukraine
    • Miss Manners: Can you refuse to shake someone’s hand because of their politics?
    • Power Integrations (POWI) to report quarterly results on Monday
    • $833 per month x 10 years = $145,000 (2013-2022) — My Money Blog
    • Why invest $650 million in Skowhegan?
    Facebook Twitter Instagram YouTube
    PayDay Loans All OnlinePayDay Loans All Online
    • Home
    • Earnings

      Gladstone Capital (GLAD) Announces Earnings on Monday

      January 30, 2023

      Power Integrations (POWI) to report quarterly results on Monday

      January 30, 2023

      Chevron: Fourth-quarter earnings disappointing, offset by cash returns (NYSE:CVX)

      January 30, 2023

      6 in 10 households will have lower income in 2022-23: study

      January 30, 2023

      SoFi is set to report earnings before the bell.This is what Wall Street expects

      January 30, 2023
    • FTA

      UAE corporate tax: Large, public companies get their first shot at registering via EmaraTax

      January 30, 2023

      GIRLS HOOP: Hononegger knocks out Big Northern’s Dixon | Sport

      January 30, 2023

      Cambodia-South Korea FTA calls for a more systematic approach

      January 29, 2023

      India FTA with UAE underway, trade official says

      January 29, 2023

      FTA kicks off first event under ‘Tax Support’ initiative for 2023

      January 29, 2023
    • General

      NATO Secretary General Urges South Korea to Allow Direct Arms Exports to Ukraine

      January 30, 2023

      Compeer Financial Award General Use Grant

      January 30, 2023

      General Hospital Spoilers January 30, 2023 to February 10, 2023

      January 30, 2023

      US General Warns British Army No Longer World’s Top Combat Force: Report

      January 30, 2023

      US General Warns British Army No Longer World’s Top Combat Force: Report

      January 30, 2023
    • Investing

      $833 per month x 10 years = $145,000 (2013-2022) — My Money Blog

      January 30, 2023

      Why invest $650 million in Skowhegan?

      January 30, 2023

      If you invested in Batu Kawan Berhad (KLSE:BKAWAN) three years ago, you would have made a 51% return.

      January 30, 2023

      Why Metaverse Tokens Decentraland and The Sandbox were winners this weekend

      January 30, 2023

      Oil prices weak as markets weigh heavily on Iran tensions and China’s reopening

      January 30, 2023
    • Politics

      Miss Manners: Can you refuse to shake someone’s hand because of their politics?

      January 30, 2023

      Another legal, political and moral impudence against Cuba

      January 30, 2023

      About five months later, the curtain falls on the Bharat Jodo Yatra

      January 30, 2023

      China in our land, approaching the center is dangerous: Rahul Gandhi

      January 30, 2023

      China in our land, approaching the center is dangerous: Rahul Gandhi

      January 30, 2023
    • RWL

      i am a personal trainer. Here’s why you need to exercise less to lose weight.

      January 29, 2023

      Global Packaged Water Treatment System Industry Size, Shares,

      January 25, 2023

      Edendale women’s soccer team ‘shattered’

      January 25, 2023

      Purchased by Fusion Family Wealth LLC

      January 25, 2023

      Himachal

      January 22, 2023
    • Small Cap

      Small steel company Hi Tech Pipes approves stock split.Click here for details

      January 30, 2023

      Markets Live: Sensex, Nifty rangebound; small-cap gains, Voda Idea gains 9%

      January 30, 2023

      Raymond James & Associates offers shares in the Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE).

      January 29, 2023

      12 cash-rich small-cap stocks to invest in

      January 28, 2023

      A small steel company approves a stock split.Click here for recording date

      January 28, 2023
    PayDay Loans All OnlinePayDay Loans All Online
    Home » Vietnamese shrimp exporters see profits in 2022 thanks to FTA.work
    FTA

    Vietnamese shrimp exporters see profits in 2022 thanks to FTA.work

    paydayloansallonline_110na0By paydayloansallonline_110na0January 6, 2023No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Vietnamese shrimp exporter sees profits in 2022 thanks to FTA hinh anh 1Shrimp processed at a factory in Quang Ninh province. High inflation in many major import markets has forced Vietnamese producers to look elsewhere for customers. (Photo: VNA)

    Hanoi (VNS/VNA) – Vietnam people shrimp industry Business leaders say it has weathered a tough year of weakening demand and has come to the fore.

    Ho Quoc Luc, chairman of Sao Ta Foods JSC, revealed that his company was struggling to cope with declining revenues and rising costs.

    The decline in sales was due to the fact that high inflation in the US and EU curtailed consumption and reduced orders from abroad.

    A depreciation of the euro against the Vietnamese dong and rising transportation costs in major importing countries exacerbated the situation and added to the bill.

    In an unfavorable environment, the company has successfully doubled into processed seafood, targeting the high-end market to make up for lost revenue.

    He said Japan is an alternative market for large-scale processed shrimp, in which Vietnamese companies have a significant competitive advantage over rivals in Ecuador and India.

    Thanks to the changing customer base, the company was able to maintain sales and turn the low transportation costs in the market to its advantage.

    Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), estimates that Vietnam’s total shrimp exports will reach US$4.3 billion in 2022, increasing by 10% year-on-year.

    He signed a free trade agreement (FTAsCPTPP and EVFTA) are one of the factors that have helped Vietnamese shrimp producers achieve such high figures during difficult times.

    The agreement has given Vietnamese shrimp a tariff advantage over shrimp from non-FTA countries, making it easier for seafood to enter foreign markets.Specifically, Vietnamese shrimp export Exports to Canada, Mexico and Australia increased by 30% on the back of trade agreements.

    Patience was another factor. Ho said shrimp producers in Vietnam are keeping their shrimp farms alive even at the peak of the pandemic. This risky move has stabilized production and hastened the post-pandemic recovery.

    “One lesson learned from the pandemic is that perseverance is the key to recovery. It didn’t take,” Ho said.

    Le Hang, Communications Director Vassepsharing Ho’s view, said the FTA was a major factor helping Vietnam’s seafood exports maintain momentum in 2022.

    Surprisingly, Vietnam’s seafood exports to CPTPP member countries increased 315 times over the year, earning US$2.9 billion. She said the tariff benefits induced by the FTA were fully utilized to boost sales, filling the gap left by weakening demand in other countries.

    The director believed FTA members, particularly ASEAN and China, would remain the best options for inflation-ravaged importers in 2023.

    “China is expected to ease its ‘Zero COVID’ policy in the short term, opening up a market of 1.5 billion potential customers to Vietnamese seafood producers.

    With such a golden opportunity in front of her, she urged producers to stockpile raw materials and mobilize capital to gain the upper hand once the country was fully opened./.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    paydayloansallonline_110na0
    • Website

    Related Posts

    UAE corporate tax: Large, public companies get their first shot at registering via EmaraTax

    January 30, 2023

    GIRLS HOOP: Hononegger knocks out Big Northern’s Dixon | Sport

    January 30, 2023

    Cambodia-South Korea FTA calls for a more systematic approach

    January 29, 2023

    Leave A Reply Cancel Reply

    Our Picks

    Gladstone Capital (GLAD) Announces Earnings on Monday

    January 30, 2023

    Small steel company Hi Tech Pipes approves stock split.Click here for details

    January 30, 2023

    Markets Live: Sensex, Nifty rangebound; small-cap gains, Voda Idea gains 9%

    January 30, 2023

    NATO Secretary General Urges South Korea to Allow Direct Arms Exports to Ukraine

    January 30, 2023
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Earnings

    Gladstone Capital (GLAD) Announces Earnings on Monday

    By paydayloansallonline_110na0January 30, 20230

    Gladstone Capital (NASDAQ:GLAD – Get Rating) will report results after the market close on Monday,…

    Small steel company Hi Tech Pipes approves stock split.Click here for details

    January 30, 2023

    Markets Live: Sensex, Nifty rangebound; small-cap gains, Voda Idea gains 9%

    January 30, 2023

    NATO Secretary General Urges South Korea to Allow Direct Arms Exports to Ukraine

    January 30, 2023
    About Us

    This website provides information about FTA and other things. Keep Supporting Us With the Latest News and we Will Provide the Best Of Our To Makes You Updated All Around The World News. Keep Sporting US.

    Our Picks

    Noise-Cancelling Headphones For a Superb Music Experience

    January 15, 2020

    Harry Potter: 10 Things Dursleys That Make No Sense

    January 15, 2020

    Dubai-Based Yacht Company is Offering Socially-Distanced Luxury

    January 15, 2020

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Facebook Twitter Instagram Pinterest
    • Home
    • DMCA
    • Privacy Policy
    • Contact us
    © 2023 paydayloansallonline. Designed by paydayloansallonline.

    Type above and press Enter to search. Press Esc to cancel.