The Export Development Canada (EDC) recently coordinated with the Vietnamese Trade Office in the country to organise a seminar to update Việt Nam’s economic situation and evaluate its performance in the global supply chain.
Vietnam’s export-import turnover reached 1.41 billion USD during the Lunar New Year (Tet) holiday which lasted from February 8 - 14, according to the General Department of Vietnam Customs.
The EU and the United States will remain Vietnam’s major export markets in the year ahead, with plenty of opportunities to increase key export products again amid many challenges in which local businesses need to outline proper orientations aimed at dealing with future issues, according to forecasts made by the Ministry of Industry and Trade (MoIT).
Phone and components recorded the largest export value of US$282.8 million during the first days of Lunar New Year, known locally as Tet, according to statistics compiled by the General Department of Vietnam Customs.
Vietnam’s export of agricultural products recorded impressive growth in the first month of 2024 and is expected to see a breakthrough in the whole year.
Ho Chi Minh City Customs Department said, in the first month of 2024, total trade turnover of the unit recorded a year-on-year rise of 24.54% or US$1.92 billion to US$9.74 billion
Vietnam earned more than $14 million from longan exports last year, an increase of nearly 2.5 times compared to 2022, according to General Department of Vietnam Customs.
Vietnam’s rice exports are expected to continue their upward trajectory this year, toward a milestone of 5 billion USD in turnover.
The US Department of Commerce (DOC) has issued a notice regarding the acceptance period for requests for antidumping and countervailing duty administrative reviews regarding certain imported products from Vietnam, according to the Trade Remedies Authority of Vietnam.
Export activities bustled on the first workday after the Lunar New Year (Tết) holiday on February 15 with many batches of goods departing for foreign markets such as the US, the EU and Australia.
Y Pot Niê, 36, an E De ethnic man, stands at his booth at the eighth National Farmers Forum, taking place in Hanoi, and inviting visitors to try a cup of his coffee.
The strong recovery of industrial production, the exponential rise in exports, abundant goods supply, and good revenue from services in January paint a rosy picture for the domestic industry and trade sector this year.
Vietnam expects to increase its agricultural exports to China as the neighbouring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat, according to the Agency of Foreign Trade (AFT) at the Ministry of Industry and Trade (MoIT).
Data released by the General Statistics Office (GSO) shows that in January, footwear exports reached US$1.85 billion, an annual rise of 35%.
Minister of Foreign Affairs Bùi Thanh Sơn received Chinese Assistant Minister of Foreign Affairs Nong Rong, who is also Secretary General of the China-Việt Nam Steering Committee for Bilateral Cooperation, in Hà Nội on Monday.
In 2023, for the second consecutive year, Vietnam surpassed China to become the largest importer of agricultural products from Argentina in terms of volume, according to Argentine media.
Position held for the second year running in 2023 despite a decline in both exports and imports.
The cross-border B2C E-commerce (consumer-facing segment of e-commerce) is set to grow strongly in 2027 and become the fifth largest export industry in Vietnam in the next five years, according to Amazon Global Selling.
Cross-border e-commerce is expected to be fifth highest in the list of Vietnam’s exports by 2027 with a value of US$12 billion, according to U.S. e-commerce giant Amazon.
Trade activities between Việt Nam and China have been busy since the beginning of 2024, with a series of border gates reopened and upgraded.