With low reserves, Indonesia wants to import salt

VCN - Indonesia expects the amount of salt to be imported in 2017 to be 1.4 million tons. This is a good opportunity for Vietnam enterprises.
with low reserves indonesia wants to import salt
Indonesia expects to import 1.4 million tons of salt. Source: Internet

According to the Vietnam Trade Office in Indonesia, the Indonesian government has announced officially on whether to allow the import of salt in 2017 because the amount of salt in the water is not sufficient to meet consumer demand and in produce.

The main reason is due to heavy rainfall in recent years severely impacting the production and harvesting of salt.

Ministry of Marine and Fisheries (KKP) and the General Statistics Office of Indonesia (BPS) has proposed that the Government of Indonesia import 1.4 million tons of salt this year, of which 226,124 tons will be in the first quarter. Currently, Indonesia's salt reserves reached only 110,000 tons, while the demand of the market salt in the first half was 70,000 tons.

GARAM Company (Persero) designated the exclusive importer said the current salt permit application for imports will be carried out before May 5-2017. Although Indonesia doesn’t release any information about importing salt from which country yet, GARAM also said that they will select base on the lowest price.

KKP also recommends that the Government and the Ministry of Trade of Indonesia temporarily not license imports during harvesting of salt in March this year.

The Vietnam Trade Office in Indonesia evaluated that, this is a good opportunity for the exporters of salt in the country to expand access to the Indonesian market. Therefore, the agency will continue to monitor and report information to the domestic enterprises to use.

By Phan Thu/Thanh Thuy

Related News

Opportunity for a high open economy like Vietnam

Opportunity for a high open economy like Vietnam

VCN - According to economic expert Nguyen Bich Lam (photo), in 2024, our country's economy will have bright spots, with opportunities that not every country has to more effectively promote existing dynamics and create new driving forces for development.
Vietnam businesses seize more opportunity due to an additional rice import quota of 1.6 million tons from Indonesia

Vietnam businesses seize more opportunity due to an additional rice import quota of 1.6 million tons from Indonesia

VCN - This is an opportunity for rice export businesses in the first months of the year to the Indonesian market.
Many opportunities to develop the semiconductor industry in the Southeast region

Many opportunities to develop the semiconductor industry in the Southeast region

VCN - According to foreign investors, Vietnam is a particularly attractive market for the cooperation and development of the semiconductor industry. In particular, the Southeast region of Vietnam has a lot of potential to develop the semiconductor chip industry.
Export businesses seek opportunities for 2024

Export businesses seek opportunities for 2024

VCN - The global trade outlook in 2024 is forecast to continue to face many challenges, negatively affecting the export activities of Vietnamese enterprises. To continue to survive and develop, businesses have to make the most of even the smallest opportunity.

Latest News

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Localities get ready for fourth FDI boom

Localities get ready for fourth FDI boom

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Opportunities to develop a smart and sustainable packaging industry

Opportunities to develop a smart and sustainable packaging industry

VCN - The concept of circular economy and sustainability requirements are increasingly influencing packaging design. In particular, highly recyclable packaging is gradually becoming an important part of the packaging process in the food and beverage industry. This is also one of the key factors promoting the development of Vietnam's packaging industry.
Domestic retailers eye export-quality products

Domestic retailers eye export-quality products

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.

More News

Textile and garment exports recovered positively

Textile and garment exports recovered positively

VCN - Vu Duc Giang, Chairman of Vietnam Textile & Apparel Association shared with Customs News about the production and export situation of Vietnam's textile and garment industry after many difficult periods.
Launch of FDI Annual Report 2023

Launch of FDI Annual Report 2023

VCN - In 2023, industrial parks and economic zones kept attracting foreign investors with 27.7 billion USD of FDI capital investment; the number of new investment projects, adjusted investment capital and implemented FDI capital all increased compared to the previous year.
Vietnam has opportunities to attract, develop the offshoring market

Vietnam has opportunities to attract, develop the offshoring market

Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

More than 15 trillion VND (597 million USD) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year, heard participants at a recent conference to discuss measures on maintaining Vietnam's key agricultural exports.
Be proactive and flexible with production materials

Be proactive and flexible with production materials

VCN - Enterprises' production and export orders have gradually returned, leading to many recovery prospects. Therefore, the issue of raw materials for production continues to be a major concern to meet rules of origin requirements.
Cooperate to build leading and "rich in vitality" state-owned enterprises

Cooperate to build leading and "rich in vitality" state-owned enterprises

VCN - In Vietnam, the contribution ratio of state-owned enterprises (SOEs) to GDP is approximately 30% but their competitiveness is not commensurate with the resources they hold, and many SOEs operate ineffectively.
Garment & textile sector tries to keep growth momentum

Garment & textile sector tries to keep growth momentum

The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.
Businesses capitalize on recovery momentum to explore market expansion

Businesses capitalize on recovery momentum to explore market expansion

VCN - Since the start of the year, Vietnam’s exports have welcomed positive signals as orders from several key sectors have noticeably rebounded. Enterprises are capitalizing on the market recovery to bolster their export drive.
Access to the Chinese market is increasingly convenient

Access to the Chinese market is increasingly convenient

VCN - As Vice Chairman of the High Quality Vietnamese Goods Business Association, Mr. Nguyen Lam Vien (photo) is also Chairman of the Board of Directors of Vinamit Joint Stock Company - a very successful enterprise in the Chinese market, shared with Customs News many interesting information and advice for businesses to achieve success in this potential billion-people market.
Read More

Your care

Latest Most read
Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Localities get ready for fourth FDI boom

Localities get ready for fourth FDI boom

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Opportunities to develop a smart and sustainable packaging industry

Opportunities to develop a smart and sustainable packaging industry

VCN - The concept of circular economy and sustainability requirements are increasingly influencing packaging design. In particular, highly recyclable packaging is gradually becoming an important part of the packaging process in the food and beverage indus
Domestic retailers eye export-quality products

Domestic retailers eye export-quality products

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.
Textile and garment exports recovered positively

Textile and garment exports recovered positively

Vu Duc Giang, Chairman of Vietnam Textile & Apparel Association shared with Customs News about the production and export situation of Vietnam's textile and garment industry
Mobile Version