Veggie, fruit imports top US$1.8 billion
HCMC – Vietnam had spent US$1.87 billion importing vegetables and fruits in the year through November, soaring 39% year-on-year, and is expected to buy more to meet the surge in demand during the Lunar New Year, according to the General Department of Vietnam Customs. Of the amount, apples had come
Vietnam’s forest product exports hit record this year
HCMC – The export value of Vietnamese forest products is estimated to reach US$16.5 billion in 2022, up 4% over the same period last year, resulting in a trade surplus of around US$13 billion, according to the Ministry of Agriculture and Rural Development. Despite woes being caused by the
Trade remedy cases against Vietnam’s exports rise rapidly
HCMC – Vietnam had recorded 224 cases subject to the trade remedies of other countries in the year to October, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. For the trade remedy cases, 26 were reported from 2005 to 2010 and 52 in 2011-2015, while
Tra fish exports hit all-time high
HCMC – The tra fish export revenue this year is expected to set a new record of US$2.4 billion, soaring by 70% over 2021, according to the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development. The tra fish farming area in Vietnam is about 5,500 hectares with
Large room for exports to UK remains
HCMC – Made-in-Vietnam products, including Vietnam’s agro-aqua products, have become more popular in the UK market during the last two years, backed by the efforts of Vietnamese exporters and the United Kingdom Vietnam Free Trade Agreement (UKVFTA) with official validity as of May 1, 2021. Under
VITAS works out growth scenarios for textile industry in 2023
HCMC – The Vietnam Textile and Apparel Association (VITAS) has forecast two scenarios for Vietnam’s textile and apparel next year. VITAS said that exports of key industries, including textiles, would plunge in early 2023 due to runaway inflation and expectations of global recession, resulting in a
Rice exports to Northern Europe rise sharply
HCMC – Vietnamese rice exports to the North European market surged 73% between 2017 and 2021 annually, backed by the European Union-Vietnam Free Trade Agreement (EVFTA). In 2021, Northern European countries purchased around 5,646 tons of Vietnamese rice worth US$5.51 million, according to the
PM seeks removal of yellow card on Vietnam’s fishery
HCMC – Prime Minister Pham Minh Chinh has asked the European Union (EU) to remove its yellow card on Vietnam’s seafood exports and approve the European Union-Vietnam Investment Protection Agreement. The request was made while he was attending a summit celebrating the 45th anniversary of the
Lao Cai border gates to be fully reopened early next month
HCMC – The Vietnam-China border gates in the northern province of Lao Cai will be fully reopened on January 1 next year, as China has eased its Covid-19 restrictions, according to a local official. Hoang Dang Khoa, chairman of the People’s Committee of Lao Cai City, was quoted by the local media
HCMC’s foreign trade exceeds US$100 billion in Jan-Nov
HCMC – HCMC’s foreign trade in the year to November had totaled US$101.6 billion, according to the General Department of Vietnam Customs. The gross regional domestic product of HCMC is expected to grow 9.03% over 2021, way above the target ranging between 6% to 6.5%. The city’s trade performance
Vietnam’s auto imports shoot up in November
HCMC – The number of cars imported into Vietnam last month soared sharply, driven by the strong domestic demand. Data from the General Department of Vietnam Customs showed the country imported over 22,700 completely-built-up (CBU) cars worth US$468 million in November, surging by 58.8% in volume
Fuel prices drop to two-year lows
HCMC – Domestic fuel prices were today revised down by VND937-1,661 per liter or kilogram. The reductions sent fuel prices plunging to two-year lows. In an announcement jointly made by the ministries of Industry-Trade and Finance, RON 95-III gasoline now sells for VND21,200 per liter, down