China tightens regulations on agricultural imports
HCMC – China has revised its regulations on agricultural imports, making it harder to sell the products to its market, the Plant Protection Department said. Vietnam now has seven traditional export fruits, comprising mango, dragon fruit, longans, lychees, watermelons, rambutans and jackfruits, and
Global market headwinds seen hitting Vietnam’s trade
HCMC – With foreign trade forecast to reach more than US$700 billion this year, the Ministry of Industry and Trade has predicted a bleak outlook for Vietnam’s imports and exports next year. Data from Vietnam Customs showed that in November, Vietnam gained US$29 billion from exports and spent
Vietnam records strong export growth
HCMC – The country’s export revenue had amounted to US$700 billion in the year to mid-December, surpassing 2021’s record high of US$668.5 billion, according to the Ministry of Industry and Trade. Between January and November, Vietnam’s foreign trade reached around US$674 billion, with a trade
Vietnam, Cambodia bolster investment, trade
CAN THO – Vietnam and Cambodia have sought to strengthen their bilateral cooperation in trade and investment, particularly with potential projects in the Mekong Delta city of Can Tho. The information was given during a Vietnam-Cambodia trade and investment cooperation conference in Can Tho City
HCMC prepares 34,000 tons of goods for Tet shopping season
HCMC – The HCMC Department of Industry and Trade and relevant agencies are working together to arrange around 34,000 tons of goods worth approximately VND20 trillion as part of the city’s price stabilization program to serve the upcoming Lunar New Year, or Tet. Bui Ta Hoang Vu, director of the
Fuel supply enough for Lunar New Year consumption
HCMC – Given the current volume of fuel imports and stockpiles, Vietnam has enough fuel supply to satisfy the increasing demand during the Lunar New Year 2023, Trinh Quang Khanh, vice president of the Vietnam Petroleum Association said on December 8. The country’s two oil refineries, Binh Son and
Steel sales plunge to two-year low
HCMC – Vietnam’s steel sales in October slid to a two-year low amid the woes faced by the real estate industry. The country’s steel production topped two million tons in October, down 16% month-on-month and 29% year-on-year, while sales stood at around 1.9 million tons, a decline of 29% over the
Opportunities ahead as int’l trade continues post-pandemic recovery
HCMC – Vietnam’s commitment to trade reform has left the country well placed to capitalize on a resurgent global economy, it was stated at a trade symposium held in HCMC yesterday, December 7. The symposium, co-organized by the General Department of Vietnam Customs (GDVC) and the USAID Trade
EU draft law seeks to end import of goods linked to deforestation
HCMC – The European Union (EU) might ban companies from importing products deemed to accelerate deforestation. The EU reached an agreement on December 6 to prevent companies from selling products that drive deforestation to the EU market, according to the European Commission (EC). A draft law of
Vietnam imports nearly US$190 million of pork in Jan-Oct
HCMC – Vietnam had imported 89,000 tons of pork products worth US$189.02 million in the year to October, contracting over 34% in volume and nearly 40% in value year-on-year, according to the Foreign Trade Agency under the Ministry of Industry and Trade. In October alone, the country spent some
Global Sourcing Fair set for next April in Vietnam
HCMC – Global Sourcing Fair Vietnam, an international B2B sourcing trade show organized by Global Sources, is scheduled to take place from April 26 to 28 next year in HCMC’s District 7. The event is expected to meet the rising sourcing demand for products from Vietnam and ASEAN, providing a
Vietnam-U.S. trade reaches US$115 billion in Jan-Nov
HCMC – The January-November period saw two-way trade between Vietnam and the U.S. hitting some US$114.9 billion, surpassing the 2021 figure by US$5 billion, according to the Ministry of Industry and Trade. The U.S. remains Vietnam’s largest export partner. Overall revenue for the 11-month period