Fuel firms continue grappling with import woes
HCMC – A tight oil supply caused by Western sanctions against Russian exports and a surging demand for oil products of the EU have been blamed for Vietnam’s ongoing fuel shortages. The Vietnam Petroleum Association said it is increasingly difficult to import fuels, worsening gasoline shortages in
Vietnam’s first macadamia shipment sent to Japan
HCMC – Krong Nang District in the Central Highlands province of Dak Lak transported a container of macadamia nuts to Japan on November 9, marking the first shipment of macadamia products from Vietnam to the Northeast Asian nation. The six-ton shipment of more than 2,200 packets of dry-roasted
Food import prices increase as dollar rises
HCMC – Imported food prices have risen by 5-10% due to the weakening of the Vietnamese dong currency against the U.S. dollar. The dollar rise has benefited exporters but made life difficult for importers. Pham Ngoc Hung, vice chair of the HCMC Union of Business Associations, said the exchange rate
Vietnam’s Jan-Oct rice exports meet 93-96% of full-year target
HCMC – Vietnam exported six million tons of rice worth nearly US$3 billion in the first 10 months, an increase of 17% in volume and 7% in value compared to last year, according to data from the Ministry of Agriculture and Rural Development. This export value represents 93 -96% of the full-year
Ports see Jan-Oct cargo throughput rising 3% y-o-y
HCMC – Cargo throughput at ports nationwide reached 608.3 million tons between January and October, meeting 84% of the year’s target and rising by 3% year-on-year, according to the Vietnam Maritime Administration. According to SSI Research, the shipping sector’s growth prospects remained grim in
Vietnam imports CBU cars mostly from Indonesia, Thailand and China
HCMC – September saw Vietnam importing 18,303 completely-built-up (CBU) cars, mainly from Indonesia, Thailand and China, according to data from the General Administration of Vietnam Customs. According to the Ministry of Industry and Trade, the 18,303 CBU cars imported into Vietnam in September
Pangasius fish exports grow strongly
HCMC – Pangasius fish exports had amounted to US$2 billion in the year to mid-October, an increase of 81% over the same period last year. According to the Vietnam Association of Seafood Exporters and Producers, this is the strongest growth rate among Vietnam’s aqua-product exports this year.
Pork imports may ebb away late this year
HCMC – Vietnam’s meat imports will not spike later this year, while pork imports are likely to decrease, the Ministry of Industry and Trade (MOIT) reported. Data from the General Department of Vietnam Customs showed Vietnam imported over 191,000 tons of meat and meat products worth some US$417
Vietnam’s online exports grow strongly
HCMC – Online exports have grown sharply this year, with the number of Vietnamese firms listing their products on Amazon skyrocketing by 80% over the same period last year. Online export is a form of cross-border trade using an e-commerce platform. From 2020 to 2027, international e-commerce trade
Mekong Delta provinces seek to expand markets for produce
HCMC – The authorities in the Mekong Delta are seeking initiatives to promote trade and expand markets for local products, especially farm specialties. The Mekong Delta provinces attended a conference in Soc Trang Province on November 3 to boost supply and demand connectivity. On the occasion, Soc
Morocco initiates anti-dumping investigation into tire imports from Vietnam
HCMC – Morocco initiated an anti-dumping investigation into tires and inner tubes for bicycles and motorbikes that originate in or are imported from Vietnam. Tires and inner tubes for bicycles and motorbikes with HS codes are subject to the investigation. Vietnam’s exportation of the above
Vietnam expects 2022 coffee export at US$4 billion
HCMC – Vietnam’s coffee exports may rise to a record high of US$4 billion this year amid a global undersupply and the upcoming harvest season. Coffee exports in the year to September had soared 37.6% over the same period last year, at US$3.1 billion, the Ministry of Agriculture and Rural