The US, EU, and China suddenly reduced imports; Vietnam's spearhead industry was in trouble
The US, EU, and China - the largest trading partners of Vietnam's seafood industry - suddenly reduced imports of this important staple product due to inflation, tight spending and reduced consumer demand.
Mexico represents 8th largest tuna import market of Vietnam
The first 4 months of 2023 saw Vietnam’s tuna exports to Mexico hit nearly US$7.4 million, up 44% over the same period from last year 2022, according to the Vietnam Association of Seafood Exporters and Producers VASE
RCEP injects dynamism into China's foreign trade industry
Official data shows that from January to April this year, the total import and export volume between China and members of the Regional Comprehensive Economic Partnership (RCEP) hit 4.12 trillion yuan (about $576.06 billion), up 7.3 percent year on year, accounting for 30.9 percent of China's total
Southeast Asia Amidst US-China Economic Competition
Ann Marie Murphy is professor and director of the Center for Foreign Policy Studies at Seton Hall University. This piece was written for Perry World House's 2023 workshop "Economic Security and the Future of the Global Order in the Indo-Pacific."
New regulations create facilitation in the origin management of imported and exported goods
The Ministry of Finance has just issued Circular 33/2023/TT-BTC regulating the determination of origin of exported and imported goods. Circular 33 takes effect from July 15 and replaces circulars No. 38/2018/TT-BTC, 62/2019/TT-BTC, 47/2020/TT-BTC, and 07/2021/TT-BTC.
Online exports expected to be economic growth driver
Online exports are seen as a “launchpad” that helps businesses maintain sustainable revenue and increase exports in the context of rising inflation and consumers tightening their spending, according to insiders.
Promising outlook for exports as global markets show signs of recovery
Vietnamese export activities are expected to rebound in the second half of the year, provided that businesses swiftly interpret market signals and seize upon export opportunities.
Exports to the EU cannot bypass the Carbon Border Adjustment Mechanism (CBAM)
In mid-May 2023, the European Commission issued regulations on the establishment of a Carbon Border Adjustment Mechanism (CBAM) in the EU, requiring businesses to adapt so as not to lose their competitive advantage.
RCEP boosts confidence in trade and regional cooperation
On June 2, the day the Regional Comprehensive Economic Partnership (RCEP) entered into force in the Philippines, Chizhou Customs in east China's Anhui Province issued an RCEP Certificate of Origin for a batch of goods exported to the South-East Asian country.
Pepper exports increase 30%
Vietnam exported nearly 131,777 tonnes of pepper worth 408.9 million USD in the first five months of this year, up 30% in volume but down 12.7 in value over the same period last year, according to the Vietnam Pepper Association (VPA)
Investments - key to economic growth in Vietnam: WB expert
Andrea Coppola, World Bank Lead Economist for Vietnam speaks to Vietnam News Agency about his recommendations for the country to speed up economic recovery and development in the time to come.
Korean enterprises pour 1.5 billion USD into investing in Hai Phong, Vietnam
Hai Phong leaders awarded investment certificates with a total capital of 230 million USD to Korean enterprises, opening an investment package of 1.5 billion USD.
'Real estate businesses in Vietnam are like people about to drown'
Real estate businesses simultaneously fell into a state of "suffocation" for a long time and were like people about to drown, according to VARS.
E-commerce exports top $3.5B
Vietnamese businesses exported VND80.7 trillion (US$3.5 billion) worth of goods through e-commerce channels last year, up 7% from 2021, as small players raced to take advantage of online sales.
EU-Vietnam Food Processing M&As: The Time is Ripe
Vietnam’s food processing industry is currently struggling, and firms are looking to sell assets or even part of their companies to survive. Here’s what EU firms looking for opportunities in Asia should know about the current state of Vietnam’s food processing sector.
EU extends safeguard measures on steel from Vietnam
The European Union has extended its safeguard measures on steel imports from a number of countries, including Vietnam, for another 12 months until the end of June 2024.
