Vietnam largest importer of Argentinean soybean

Vietnam imported 554,000 tonnes of soybean residue, valued at 289 million USD, from Argentina in the first quarter of this year.

Argentina ranks first in the world in exporting soybean residue (Photo: elcampohoy.com)

The website valorsoja.com reported that Vietnam is currently Argentina’s biggest importer of the by-product, making up 12.5 percent of the total export volume, followed by Indonesia (8.8 percent), Malaysia (4 percent) and Thailand (3.3 percent).

Argentina ranks first in the world in exporting soybean residue as feed for animals. Last year, it exported 15.034 million tonnes worldwide, including 1.747 million tonnes to Vietnam.

Soybeans and by-products were also Argentina’s key exports to Vietnam in 2013.

Source: VNA

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).