Vietnam-Latin America bilateral trade continues expanding
HCMC – Despite global economic uncertainties, Vietnamese trade with Latin America in January-October expanded 10.5% year-on-year to US$18.7 billion, according to a Vietnamese trade official. The figure was released at the Vietnam-Latin America Trade Forum 2022 held yesterday, November 25, in HCMC.
Nearly US$7.4 billion spent on fuel imports from Jan-Oct
HCMC – Vietnam spent some US$7.4 billion importing 7.12 million tons of oil and gasoline products between January and October, up 22.7% in volume and 124% in value year-on-year. In October alone, the country’s fuel imports amounted to 602,000 tons, worth US$556 million, inching down 4.1% in volume
Fertilizer seen becoming billion-dollar export earner
HCMC – Vietnam’s fertilizer exports have climbed to a record high between January and October and are projected to surpass US$1 billion this year. The country had shipped 1.5 million tons of fertilizer worth US$973 million in the year to October, surging 45% in volume and nearly 160% in value over
Vietnam garment exports below target
HCMC – The chairman of the Vietnam Garment and Textile Association, Vu Duc Giang, has said that Vietnam’s apparel exports are expected to bring in US$42 billion by the end of 2022, below the year’s target of US$43-44 billion. In October, apparel exports generated US$3.18 billion, down 3.3%
Ministry proposes amending rice import regulations
HCMC – The Ministry of Industry and Trade (MOIT) has written to the prime minister proposing amending Decree 107/2018/ND-CP on rice exports. The ministry said Vietnam usually exports 6-6.5 million tons of rice annually while statistics from the General Department of Vietnam Customs showed that the
Gasoline prices move sideways, oil prices down slightly
HCMC – Domestic retail prices of gasoline saw little change versus 10 days ago, while the prices of oil products, except for heavy fuel oil, fell slightly starting at 3 p.m. today, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. The current price of
Exploitation approval required for aquatic products exported to Japan
HCMC – Japan will require an exploitation certificate for four types of aquatic products which Vietnam exports to the Northeast Asian country as of this December. As per Japan’s regulations, a catch certificate or processing statement will apply to aquatic products processed from squids and
Vietnam eyes US$47 billion in apparel exports in 2023
HCMC – Vietnam’s textile and garment export revenue is expected to hit US$47 billion in 2023, according to the Vietnam Textile and Apparel Association (VITAS). Speaking at a press briefing on November 18, VITAS Chairman Vu Duc Giang forecast the country would see strong growth in apparel exports
Vietnam sets US$27-billion footwear export target for 2023
HCMC – The country’s leather and footwear export revenue is expected to reach US$25 billion in 2022 and US$27 billion in 2023, according to the Vietnam Leather, Footwear and Handbag Associatiom (LEFASO). Footwear exporters booked US$2 billion in revenue in September, taking the total in the first
Vietnam’s exports to Germany grow
HCMC – Vietnam’s exports to Germany have grown strongly since the European Union–Vietnam Free Trade Agreement (EVFTA) came into force on August 1, 2020. Vietnam’s exports to Germany amounted to US$7.29 billion in 2021, and the first 10 months of this year saw the shipments continuing strong
Vietnam rice prices gain top spot on global markets
HCMC – The export price of Vietnamese rice stands at the highest spot on global markets, some US$20-50 per ton higher than the rice prices of Thailand and India. In October, Vietnam’s 5% broken rice sold for US$425-430 per ton on average on global markets, the highest since last November,
Fuel prices increase for fourth straight time
HCMC – Domestic fuel retail prices continued to rise further from 3 p.m. yesterday, November 11, marking the fourth consecutive hike. RON 95-III gasoline increased by VND1,100 to VND22,870 per liter and E5 RON 92 bio-gasoline rose by VND840 to over VND22,700 per liter. Kerosene is now priced at