Fruit, vegetable exports skyrocket in H1
HCMC – Vietnam’s January-June fruit and vegetable exports have grown a staggering 63% compared to the same period last year at US$2.8 billion, accounting for 90% of the total in 2022. In June alone, the country has earned US$723 million from fruit and vegetable exports, soaring by 79% compared to
Standard Chartered forecasts Vietnam’s 2030 export revenue to reach US$620 billion
HCMC – Vietnam is poised to become a major driver of global trade growth, with its export revenue projected to reach US$618 billion by 2030, according to a report by Standard Chartered titled “Future of Trade: New opportunities in high-growth corridors.” The report said that global trade is
Vietnam, S.Korea look to US$150 billion in two-way trade by 2030
HCMC – Riding on their fruitful relationship, Vietnam and South Korea have agreed to push bilateral trade up to US$150 billion by 2030. Today, Vietnam’s President Vo Van Thuong held talks in Hanoi with South Korean President Yoon Suk Yeol, who is in Vietnam for a three-day State visit which will
Automechanika HCMC kicks off
HCMC – The fifth Automechanika HCMC, an automotive service industry trade fair, has been opened at the Saigon Exhibition and Convention Centre (SECC) in District 7 today, June 23. During three days of the show, over 460 exhibitors present the industry’s latest products, services and technologies
More challenges mount for woodworking enterprises
HCMC – The situation has been exacerbated for the wood processing industry, resulting from falling prices and rising manufacturing costs amid fewer fresh orders. Importers are imposing higher standards on production and delivery times, pushing manufacturers to expedite production despite receiving
Over 150 Indian companies to explore opportunities in Dong Thap
CANTHO – More than 150 Indian companies are set to visit Dong Thap Province in southern Vietnam to explore investment and trade opportunities next week. They will participate in a conference focused on promoting trade and investment in the province, scheduled to take place from June 27 to 29. The
Seafood exporters feel growing pinch
HCMC – Seafood exporters are facing even greater challenges than during the Covid-19 pandemic due to a significant drop in seafood prices and a decline in fresh orders. Data from the Vietnam Association of Seafood Exporters and Producers (VASEP) showed that Vietnam’s seafood exports between
Vietnam’s first batch of lychees arrives in UK
HCMC – Vietnam’s TT Meridian has sent the first shipment of seedless lychees to the UK, which arrived in the Western European market on June 16, the Vietnam News Agency reported. This is the fourth Vietnamese specialty fruit to be exported to the UK under the official quota this year after Tan Lac
Steel prices in downward spiral
HCMC – Construction steel prices in Vietnam have continued to fall as demand has remained weak. Hoa Phat Group, which holds a 40% share of the nation’s construction steel market, now quotes rebar D10 CB300 at VND14.69 million per ton and rolled steel CB240 at VND14.49 million per ton, both down by
Vietnam’s fishery export may fall short of full-year goal
HCMC – The revenue target of US$10 billion for Vietnam’s fishery export may not be met as business conditions are expected to continue to worsen until the third quarter of the year. According to statistics from the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood shipments
Auto imports plummet in May
HCMC – May saw Vietnam’s completely-built-up (CBU) automobile imports dipping a staggering 33.6% to US$191 million compared to April. General Department of Vietnam Customs data showed that the country imported 7,600 CBU units last month, down 38.3% against the previous month. Indonesia emerged as
EU relaxes food safety requirements for Vietnamese instant noodles
HCMC – Starting from June 27, Vietnamese instant noodles exported to the European Union (EU) will no longer require food safety inspection certificates issued by authorized agencies in Vietnam. On June 7, the EU made amendments to Regulation 2019/1973, which governs emergency measures for