Why is Vietnam’s trade surplus 11 times higher than in the same period in 7 months? (22/08/2023)
In July, Vietnam continued to have a trade surplus of about 2.15 billion USD, bringing the total trade surplus in 7 months of 2023 to 15.23 billion USD, 11 times higher than that year on year (a trade surplus of 1.34 billion USD).
In July, Vietnam continued to have a trade surplus of about 2.15 billion USD, bringing the total trade surplus in 7 months of 2023 to 15.23 billion USD, 11 times higher than that year on year (a trade surplus of 1.34 billion USD).
Optimistic signals from US market (21/08/2023)
The US is currently Vietnam’s second largest trading partner. In 2022, Vietnam’s export turnover to the US reached 109.38 billion USD, marking the first export market of surpassing 100 billion USD. In the first half of 2023, complicated fluctuations in the global economic and geopolitical environment have caused many challenges for Vietnam’s exports to the world as well as the US.
The US is currently Vietnam’s second largest trading partner. In 2022, Vietnam’s export turnover to the US reached 109.38 billion USD, marking the first export market of surpassing 100 billion USD. In the first half of 2023, complicated fluctuations in the global economic and geopolitical environment have caused many challenges for Vietnam’s exports to the world as well as the US.
US initiates anti-dumping duty review on Vietnamese honey (21/08/2023)
The United States Department of Commerce (DOC) has issued a notice initiating the first administrative review of the anti-dumping duty imposed on honey imported from Vietnam.
The United States Department of Commerce (DOC) has issued a notice initiating the first administrative review of the anti-dumping duty imposed on honey imported from Vietnam.
Wood product export shows signs of gradual recovery (21/08/2023)
The export value of wood and wood products was estimated at nearly 1.1 billion USD in July, bringing the total export earnings of the industry in the first seven months of this year to 7.1 billion USD, down 25% year on year, according to data of the Ministry of Agriculture and Rural Development.
The export value of wood and wood products was estimated at nearly 1.1 billion USD in July, bringing the total export earnings of the industry in the first seven months of this year to 7.1 billion USD, down 25% year on year, according to data of the Ministry of Agriculture and Rural Development.
‘Vietnamese Week in Thailand’ lures record number of enterprises (21/08/2023)
More than 100 Vietnamese businesses have joined the ongoing ‘Vietnamese Week in Thailand 2023,’ a move further bringing more Vietnamese goods to retail distribution systems in Thailand.
More than 100 Vietnamese businesses have joined the ongoing ‘Vietnamese Week in Thailand 2023,’ a move further bringing more Vietnamese goods to retail distribution systems in Thailand.
Coffee industry urged to get ready for EU’s deforestation regulation (18/08/2023)
As a major coffee exporter to the EU, Việt Nam should get prepared for the deforestation law to maintain and expand coffee export to the block, raising the pressing need for digitalization of the value chain.
As a major coffee exporter to the EU, Việt Nam should get prepared for the deforestation law to maintain and expand coffee export to the block, raising the pressing need for digitalization of the value chain.
Vietnamese businesses exhorted to take part in China Import and Export Fair (18/08/2023)
Vietnamese businesses should participate in the 134th China Import and Export Fair in Guangzhou next month to seek opportunities in the lucrative market, officials from the China Foreign Trade Centre suggested at a conference to introduce the fair held in HCM City on August 16.
Vietnamese businesses should participate in the 134th China Import and Export Fair in Guangzhou next month to seek opportunities in the lucrative market, officials from the China Foreign Trade Centre suggested at a conference to introduce the fair held in HCM City on August 16.
Vietnamese firms get support to protect intellectual property abroad (18/08/2023)
Registration for the protection of intellectual property rights of Vietnamese enterprises abroad is on the rise, contributing significantly to the process of entering foreign markets as well as promoting products.
Registration for the protection of intellectual property rights of Vietnamese enterprises abroad is on the rise, contributing significantly to the process of entering foreign markets as well as promoting products.
Vietnam’s durian export earnings past US$1 billion mark (18/08/2023)
Vietnam earned US$1.1 billion from durian exports during the first seven months of the year, usurping dragon fruit which has been the country’s leading fruit export item.
Vietnam earned US$1.1 billion from durian exports during the first seven months of the year, usurping dragon fruit which has been the country’s leading fruit export item.
134th China Import and Export Fair introduced in HCM City (17/08/2023)
The Vietnam Chamber of Commerce and Industry – Ho Chi Minh City Branch (VCCI-HCM City), in collaboration with China Foreign Trade Centre and Guangdong Enterprise Confederation under Chinese Business Association in Vietnam, held a conference on August 16 to introduce the 134th China Import and Export Fair (Canton Fair).
The Vietnam Chamber of Commerce and Industry – Ho Chi Minh City Branch (VCCI-HCM City), in collaboration with China Foreign Trade Centre and Guangdong Enterprise Confederation under Chinese Business Association in Vietnam, held a conference on August 16 to introduce the 134th China Import and Export Fair (Canton Fair).
EVFTA facilitates Vietnamese goods’ entry into French market: official (17/08/2023)
The European Union – Vietnam Free Trade Agreement (EVFTA) which took effect in August 2020, has created significant positive impacts on Vietnam’s exports to France, according to Vu Anh Son, head of the Trade Office of Vietnam in France.
The European Union – Vietnam Free Trade Agreement (EVFTA) which took effect in August 2020, has created significant positive impacts on Vietnam’s exports to France, according to Vu Anh Son, head of the Trade Office of Vietnam in France.
Firms asked to prepare contracts carefully before exporting to Egypt: official (17/08/2023)
Trade between Vietnam and Egypt sees a promising outlook as the market with a population of over 100 million people is paying more and more attention to Vietnamese agricultural products, said Head of the Trade Office at the Vietnamese Embassy in Egypt Nguyen Duy Hung.
Trade between Vietnam and Egypt sees a promising outlook as the market with a population of over 100 million people is paying more and more attention to Vietnamese agricultural products, said Head of the Trade Office at the Vietnamese Embassy in Egypt Nguyen Duy Hung.
Ho Chi Minh City and Bac Ninh report export turnover of more than USD20 billion in 7 months (17/08/2023)
According to the General Department of Customs, Ho Chi Minh City and Bac Ninh were two localities that recorded export turnover of goods exceeding USD20 billion.
According to the General Department of Customs, Ho Chi Minh City and Bac Ninh were two localities that recorded export turnover of goods exceeding USD20 billion.
Vietnam rubber exports go almost exclusively to China (17/08/2023)
Vietnam exported 757,600 tons of rubber for over US$1 billion to China in the first seven months of this year, accounting for 99.8% of its total rubber exports.
Vietnam exported 757,600 tons of rubber for over US$1 billion to China in the first seven months of this year, accounting for 99.8% of its total rubber exports.
Ample room remains for Vietnam-Israel to boost trade, investment cooperation (16/08/2023)
There remains ample space for Vietnam and Israel to enhance their economic and trade cooperation, towards building a business ecosystem for their business communities in the time ahead, heard a forum in Ho Chi Minh City on August 15.
There remains ample space for Vietnam and Israel to enhance their economic and trade cooperation, towards building a business ecosystem for their business communities in the time ahead, heard a forum in Ho Chi Minh City on August 15.
Coffee industry striving to adapt to EU’s anti-deforestation law (16/08/2023)
Vietnam’s coffee industry needs to take measures to adapt to a new European Union (EU) law that prevents the import of commodities linked to deforestation.
Vietnam’s coffee industry needs to take measures to adapt to a new European Union (EU) law that prevents the import of commodities linked to deforestation.
Industry-trade ministry issues directive on rice export, supply stabilisation (16/08/2023)
The Ministry of Industry and Trade (MIT) on August 15 issued a directive on developing rice export markets and stabilising the domestic market amidst unpredictable changes in the global rice market to implement the Prime Minister’s instruction on promoting rice production and sustainable export, ensuring national food security.
The Ministry of Industry and Trade (MIT) on August 15 issued a directive on developing rice export markets and stabilising the domestic market amidst unpredictable changes in the global rice market to implement the Prime Minister’s instruction on promoting rice production and sustainable export, ensuring national food security.
Vietnam - Australia’s largest cotton importer (16/08/2023)
Vietnam is the largest cotton importer of Australia with 38.8% of the market share, according to the Australian Trade and Investment Commission (Austrade) which predicted that Vietnam will hold this position in following years.
Vietnam is the largest cotton importer of Australia with 38.8% of the market share, according to the Australian Trade and Investment Commission (Austrade) which predicted that Vietnam will hold this position in following years.
Billion-dollar export sectors bring down targets amid low demand (15/08/2023)
Vietnam’s billion-dollar export industries such as cashew nuts, wood and seafood have all lowered their shipment targets for this year amid global economic challenges.
Vietnam’s billion-dollar export industries such as cashew nuts, wood and seafood have all lowered their shipment targets for this year amid global economic challenges.
Fruit and vegetable exports to bring in USD2.5-2.7 billion (15/08/2023)
Vietnam’s fruit and vegetable industry achieved a record of export growth in the first 7 months of this year, bringing in USD3.23 billion, up 68.1% over the same period last year. With the current growth rate, it is forecasted that in the remaining 5 months, fruit and vegetable exports will reach from USD2.5-2.7 billion, according to the Import and Export Department under the Ministry of Industry and Trade.
Vietnam’s fruit and vegetable industry achieved a record of export growth in the first 7 months of this year, bringing in USD3.23 billion, up 68.1% over the same period last year. With the current growth rate, it is forecasted that in the remaining 5 months, fruit and vegetable exports will reach from USD2.5-2.7 billion, according to the Import and Export Department under the Ministry of Industry and Trade.
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