Vietnam-China border crossings in Guangxi as usual through Tet
HCMC – Vietnam-China border gates in Guangxi Province are fully opened through New Year’s Day and Lunar New Year holidays as China has eased its Covid-19 restrictions, according to the Ministry of Industry and Trade. The border office of the Guangxi Zhuang Autonomous Region announced that it would
Vietnam has huge trade deficit with South Korea
HCMC – Vietnam had a trade deficit of US$34.26 billion with South Korea last year, the highest trade deficit with a foreign trade partner in the year, according to the Vietnam News Agency. In 2022, Vietnam exported around US$26.72 billion worth of goods to South Korea and spent nearly US$61
US$1.35 billion spent on meat imports
HCMC – Vietnam spent around US$1.35 billion importing 615,000 tons of meat and meat products in January-November of 2022, up 4.8% in value year-on-year, according to the Agency of Foreign Trade under the Ministry of Industry and Trade. There were 55 meat suppliers for Vietnam, with the U.S.,
Optimistic prospect for veggie, fruit export as China eases Covid rules
HCMC – China’s relaxation of Covid rules is expected to spur Vietnam’s vegetable and fruit exports and help the sector earn US$4 billion in 2023. Agro products exported to China via phytosanitary protocols are forecast to grow rapidly this year thanks to the reopening of the biggest market for
Fuel prices rise further
HCMC – Gasoline prices in Vietnam continued rising by VND350 per liter from 3 p.m. today, January 3, while other fuels edged up VND110-160 per liter or kg. The ministries of Industry-Trade and Finance revised up the retail price of gasoline nationwide today, having raised the fuel prices by over
Nearly 4,000 tons of cargo cleared through Mong Cai Border Gate
HCMC – Cargo throughput at the Mong Cai International Border Gate reached 4,000 tons in the first two days of 2023, mainly export goods, according to the border gate authority in the northern province of Quang Ninh. The functional units have completed customer clearance procedures for 560 vehicles
Fuel prices rise again after four cuts
HCMC – After dropping four times in a row, fuel prices saw an uptick yesterday, January 1. RON 95-III now sells for VND21,800 per liter, up VND1,100 against the earlier session, and E5 RON 92 is priced at VND21,020, increasing nearly VND1,050. Diesel oil rose by VND550 to VND22,150 per liter,
Dong Nai reports 13% export growth
HCMC – Dong Nai Province’s 2022 exports have grown 13% against last year at US$24.6 billion, according to a report of the province. According to data of Dong Nai, the products that have posted strong export growth this year include coffee at 34.34%, garments and textiles at 13.75%, footwear at
Vietnam’s seaports handle 733 million tons of cargo in 2022
HCMC – Cargo throughput of Vietnam’s seaports in 2022 has amounted to 733.18 million tons, a 4% increase against 2021, said Hoang Hong Giang, deputy head of the Vietnam Maritime Administration. Exports have reached 179.07 million tons, down 3%, and imports have totaled 209.26 million tons, a 2%
China relaxes Covid rules on imported goods
HCMC – The Chinese customs has announced that the country will no longer conduct Covid-19 measures, including nucleic acid testing, at ports of entry for imported goods. The revocation starts from January 8, 2023, and applies to cold-chain food and non-cold-chain items. Meanwhile, Covid-19 testing
Vietnam enjoys trade surplus of US$11.2 billion this year
HCMC – A strong export performance sent Vietnam’s trade surplus to US$11.2 billion in 2022, according to the General Statistics Office. The country’s export revenue totaled US$371.85 billion this year, up 10.6% year-on-year. Domestic companies shipped goods worth US$95.09 billion, rising by 6.5%
FDI firms continue to hold lion’s share of Vietnam’s exports
HCMC – Though Vietnam has seen optimistic import-export results this year, its export sector still depends heavily on foreign direct investment (FDI) companies, accounting for nearly three-quarters of the country’s export revenue. The import and export value this year has exceeded US$700 billion