Vietnam, China sign fresh-banana deal
HCMC – The Ministry of Agriculture and Rural Development of Vietnam and the General Administration of Customs of China inked a protocol on requirements to export fresh bananas from Vietnam to the northern neighboring market on November 1. Fresh bananas exported to China will be picked between 10
Ecommerce platforms not required to pay taxes on behalf of sellers
HCMC – Ecommerce platform operators in Vietnam will have to provide tax agencies with information about sellers, instead of having to pay taxes on their behalf. This is one of the new regulations stipulated in the Government’s newly issued Decree 91, which amends and supplements Decree 126, and
Vietnam reports Jan-Oct trade surplus of US$9.4 billion
HCMC – Vietnam exported goods worth US$312 billion and spent US$303.42 billion on imports between January and October, resulting in a trade surplus of US$9.4 billion, according to the Ministry of Industry and Trade. Statistics showed that exports and imports in the January-October period rose by
EU’s yellow card continues affecting Vietnam’s seafood exports
CAN THO – Seafood exports to the EU had reached US$1 billion in the year to September, but fish catch contributed only a minor part of the amount as a result of the European Commission’s (EC) yellow card. Data from the General Department of Vietnam Customs showed Vietnam earned some US$3.4 billion
Nearly 2,000 vehicle deals done at Vietnam Motor Show 2022
HCMC – Vietnam Motor Show 2022 held at the Saigon Exhibition and Convention Center (SECC) saw record-high vehicle sales and orders during the five days of the event, from October 26 to 30. About 2,000 automobiles were sold and thousands of orders for upcoming auto models were placed, according to
Local fuel prices rise further
HCMC – Domestic fuel retail prices were revised up VND120-410 per liter or kilogram today, November 1, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. This is the third upward fuel price adjustment since mid-October. RON 95-III gasoline now sells for
Vietnam-China trade put at US$148 billion in Jan-Oct
HCMC – Bilateral trade between Vietnam and China amounted to US$148 billion between January and October, according to the Vietnam General Statistics Office. Vietnam spent US$100.7 billion on imports from China and exported products worth US$47 billion to this neighboring country in the first 10
Sugar imports from five Southeast Asian countries plunge
CAN THO – Sugar imports from Cambodia, Indonesia, Laos, Malaysia and Myanmar have declined since Vietnam took measures against trade remedy circumvention. On August 1, the Ministry of Industry and Trade issued Decision 1514/QD-BCT imposing measures against trade remedy circumvention of the sugar
Exports of Vietnam’s key items slump in September
HCMC – September saw a drastic decline in Vietnam’s exports of several key items, according to data from the General Administration of Vietnam Customs. Among the most affected were garments and textiles, whose exports in September dropped 31.9% over the previous month at US$2.72 billion. Millwork
Fuel prices rise again
HCMC – The Ministries of Finance and Industry-Trade decided to revise up fuel prices from 3 p.m. today, October 21, the second increase after four straight cuts. RON 95-III gasoline increased by some VND340 to VND22,347 per liter and E5 RON 92 bio-gasoline rose VND200 to VND21,492 per liter.
Vietnam’s 2022 exports to Netherlands seen exceeding US$10 billion
HCMC – Vietnam’s exports to the Netherlands are expected to reach over US$10.4 billion this year. Vietnam’s exports to the Netherlands brought US$7.817 billion in the first nine months, up 40.1% from the previous year. Two groups of items with high export value are computers, electronics and
Vietnam’s seafood imports soar 36.8% in Jan-Sept
CAN THO – Vietnam spent US$2.04 billion importing seafood between January and September, up 36.8% versus the year-ago period, according to statistics from the General Department of Vietnam Customs. In September, Vietnam’s seafood import bill expanded 44.5% month-on-month to nearly US$200 million.