Vietnam-Kazakhstan freight trains resume operations
HCMC – The rail line linking stations in Vietnam and Kazakhstan via mainland China has been reopened thanks to China’s easing of Covid-19 restrictions. The relaxation of China’s zero-Covid policy has made it easier for freight trains from Vietnam transiting via China to third-country destinations
Vietnam’s exports to U.S. exceed US$100 billion
HCMC – Revenue from Vietnam’s exports to the U.S. surpassed the US$100-billion mark last year, making America the largest export market of the Southeast Asian country. It was the first time that Vietnam had exported more than US$100 billion worth of goods to a foreign market, according to the
Finance Ministry wants to stay away from fuel pricing role
HCMC – The Ministry of Finance (MOF) has written to the Ministry of Industry and Trade (MOIT), saying it does not want to carry the ball over fuel pricing regulation. In a draft decree amending Decree 95/2021 and Decree 83/2013 on fuel trading and pricing management, the MOIT proposed three
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
Diesel down, gasoline unchanged
HCMC – The retail price of gasoline was kept unchanged while diesel oil and kerosene were revised down, according to an announcement jointly released by the ministries of Industry-Trade and Finance today, January 11. This is the third price adjustment since the start of 2023. Bio-fuel E5 RON92
Vietnam’s auto imports hit all-time high
HCMC – Vietnam imported over 173,460 completely-built-up (CBU) cars worth US$3.84 billion last year, the highest annual figures ever, despite global supply chain disruptions and shortages of auto parts, especially chips. The country’s 2022 auto imports rose by 8.5% in volume and 5.1% in value
Fuel prices expected to inch down tomorrow
HCMC – Gasoline prices are expected to drop VND100 per liter from tomorrow, January 11, a HCMC fuel supplier said. An executive of a petrol company based in Hanoi also made the same prediction, with gasoline prices remaining stable and diesel oil possibly edging down to below VND21,000 per liter.
Vietnam’s wood exporters to EU seen facing challenges
HCMC – Vietnam’s wood exporting firms will encounter challenges in shipping their products to the European Union (EU) market when the EU’s new regulations banning the import of agro-products linked to deforestation are approved in the coming time. The new regulations will require exporters of
Shorter fuel price adjustment cycle proposed
HCMC – The Ministry of Industry and Trade (MOIT) has proposed shortening the fuel price adjustment cycle to seven days from the current 10. Fuel prices would be revised every Thursday, except for the first three days of Lunar New Year, the ministry said in its draft decree amending and
Pork prices in HCMC cut ahead of Tet
HCMC – Supermarkets in HCMC are offering pork products at prices 10% to 30% lower than normal until the end of January as the Tet shopping spree has begun. Supermarket chains such as MM Mega Market, Lotte and Co.opmart have seen a surge in shoppers, with pork, seafood, vegetables, and dry food
First Cao Phong orange shipment to UK
HCMC — Seven tons of oranges grown in Cao Phong District in the mountainous province of Hoa Binh were shipped to the United Kingdom (UK), marking the first shipment of the local specialty to a European country. The Cao Phong District People’s Committee, the Hoa Binh Province Department of
Vietnam cuts deal to export fresh longan to Japan
HCMC – After six long years of negotiations, Vietnam has clinched a deal to begin the formal export of fresh longan to Japan. On January 3, Hoang Phat Fruit Co., Ltd, located in Long An Province, shipped 10 tons of fresh longan to Japan. This was the first time Vietnam had sent fresh longan to […]