Retail sales of goods and services seen growing 8-9%
HCMC – Vietnam’s trade sector is set to achieve 8-9% growth in retail sales of consumer goods and services this year. At the 2023 conference on domestic production and consumption promotion and export market expansion yesterday, Minister of Industry and Trade Nguyen Hong Dien said the supply of
State budget revenue from import-export activities drops in January
HCMC – State budget revenue from imports and exports totaled over VND24.8 trillion in January 2023, down 42.3% year-on-year, showed data of the General Department of Vietnam Customs. The fall in January’s State budget revenue is attributed to the week-long Lunar New Year holiday that fell in
Vietnam has trade surplus of over US$3.6 billion in January
HCMC – Vietnam posted a trade surplus of US$3.6 billion in January, showed data of the General Statistics Office. Exports amounted to over US$25 billion in the month, down 13.6% month-on-month and 21.3% year-on-year. Imports were put at US$21.5 billion, down a steep 21.3% against December 2022 and
Vietnam’s 2022 foreign trade expands 9.1% y-o-y
HCMC – Vietnam’s foreign trade in goods topped US$730 billion, up 9.1% year-on-year, with a trade surplus of US$12.4 billion, according to preliminary data released by the General Department of Vietnam Customs. Imports rose 7.8% over 2021 to US$358.9 billion while exports soared 10.5% over the
Vietnam’s export businesses benefit from EVFTA
HCMC – Vietnamese exporters have taken advantage of the European Union–Vietnam Free Trade Agreement (EVFTA), especially the trade liberalization policy of phasing out over 90% of tariffs on the exchange of goods within seven years. The import-export turnover between Vietnam and European countries
Consumption seen weak in year-end season
What should import-export companies be alert to from now until the end of the first quarter of 2023? Should they be chasing the commodities price, in the hope of increasing profits, or be cautious with potential risks? Monetary policies and interest rate hikes in developing countries have brought
What solutions to reduce import and export costs for businesses?
(VAN) Many businesses have to accept to break even and even losses to keep customers when production costs are continuously pushed up, which reduces their competitiveness.
Ten world's largest rubber importers boost purchases of Vietnamese rubber
(VAN) Increased consumption needs have prompted the world's top ten largest rubber markets to expand their imports of rubber, particularly those from Vietnam.
VinFast cars rolling in Netherlands and lessons for agricultural exports
(VAN) The challenge is that we should not follow in Chinese footsteps or it will affect Vietnamese brands.
Overcoming difficulties, Vietnamese agricultural products earn more than US$41 billion
VCN- 2020 wasa difficult year for Vietnam's agricultural sector in many aspects, especially the serious impact ofthe Covid-19 pandemicon agricultural, forestry and fishery exports. However, the total export value for the whole year still achieved impressive results of over US$41 billion.
Cheap sturgeons imported from China challenge fish farmers in Vietnam
A large number of Chinese sturgeons have been imported into Vietnam and sold in the local market at cheap prices, resulting in challenges for fish farmers in the Southeast Asian country. The issue has been addressed by Nguyen Dinh An, head of the Lam Dong Province Cold Water Fish Development
Vietnamese import-export activities record impressive growth during 2020
Vietnam's total import-export turnover enjoyed a surge of 5.1% to US$543.9 billion compared to 2019 despite facing numerous difficulties throughout 2020, with the country posting a trade surplus of US$19.1 billion, the highest level for five consecutive years since 2016, according to the General
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