Extra sugar import tariff quota allocated via auction
HCMC – The Ministry of Industry and Trade (MOIT) will auction an additional import tariff quota for 200,000 tons of sugar for the crop year 2021-2022. The type of sugar and quantity of additional import tariff quota for sugar would be 160,000 tons of raw sugar and 40,000 tons of refined sugar with
Jan-Nov goods exports expand over 13%
HCMC – Vietnam’s merchandise exports in the year to end-November had amounted to an estimated US$342.21 billion, a rise of 13.4% over the same period of last year, according to the General Statistics. According to the Government news website (chinhphu.vn), processed and manufactured goods
Fuel supply estimated to surge 10-15% in 2023
HCMC – The Ministry of Industry and Trade has drawn up two scenarios for the minimum fuel supply in 2023, requiring key fuel enterprises to increase the overall figure by 10-15% in 2023, according to the local media. In the first scenario, the total fuel supply should reach 25.9 million cubic
Vietnam’s rice exporters see opportunities as Indonesia boosts imports
HCMC – Indonesia plans to import 500,000 tons of rice to improve its reserves in 2022, presenting an opportunity for Vietnamese rice exporters to enter the Indonesian market. Indonesia’s national rice reserves have fallen to under 600,000 tons, while the nation aims to secure 1.2 million tons in
Exporters encouraged to adopt green trade strategy
HCMC – Exporters in Vietnam should pay more heed to a green economy to meet increasingly stricter requirements set by import markets, Minister of Industry and Trade Nguyen Hong Dien told a recent green export promotion forum. Making green products will not only enable exporters to move closer
Over 144,000 CBU autos imported in 2022
HCMC – The number of completely-built-up (CBU) automobiles imported in Vietnam during the January-November period hit some 144,726 with a value of US$3.2 billion, rising by 5.9% in volume and 6.3% in value year-on-year. Automobiles with up to nine seats made up the majority of imports, totaling
Vietnam’s rice exports seen hitting record this year
HCMC – Vietnamese rice export prices have stayed high in November, while shipments to European countries, China, and the Philippines have soared, all contributing to this year’s rice export that is expected to soar to a record high of over seven million tons. Statistics from the Ministry of
Vietnam posts US$10.6 billion trade surplus in Jan-Nov
HCMC – The country’s exports amounted to US$342.2 billion while its import spending totaled US$331.6 billion between January and November, generating a trade surplus of US$10.6 billion, according to the General Statistics Office of Vietnam. The total value of imports and exports in the year to
Exporters urged to swiftly leverage FTAs to avoid missing opportunities
HCMC – Advantages brought about by free trade agreements (FTAs) such as EVFTA and CPTPP would gradually disappear if Vietnamese exporters do not act quickly to make the most of these advantages right now. The recommendation was made at a seminar last Friday featuring discussions on how EVFTA and
Gloomy outlook for exporters of aquatic products next year
HCMC – The number of orders and the export value of the aquatic products sector have plunged dramatically, though the year-end season usually witnesses a spike in demand. According to a survey carried out online and in-person by vietnambiz.vn, 71% of some 117 seafood companies said the aquatic
More agri products to enter foreign markets
HCMC – Vietnam’s agricultural sector is expected to grow strongly thanks to several agricultural products receiving green clearance to enter major international markets. On November 24, the first lot of 5,400 Tan Lac red-flesh grapefruits from the northern mountainous province of Hoa Binh was
HCMC to strengthen ties with Mekong Delta provinces
HCMC – Tran Thanh Man, standing vice chairman of the National Assembly, has said that promoting cooperation between provinces and cities to ensure sustainable growth would help foster regional development post pandemic. He was speaking at the Mekong Connect 2022 conference held in Can Tho City on