Vietnam, New Zealand target US$2 billion in 2024 bilateral trade
HCMC – Vietnam and New Zealand will make efforts to bring two-way trade to US$2 billion by 2024 from last year’s US$1.2 billion, heard a bilateral meeting in Hanoi. The target was raised at the eighth meeting of the Vietnam-New Zealand Joint Trade and Economic Commission (JTEC) held recently in
Vietnam’s exports fall further in first half of May
HCMC – Vietnam reported only US$23.9 billion in foreign trade in the first half of May, down 10.8% from the second half of April, official data showed. Exports plunged 21.3% from the second half of April to US$11.5 billion, which is US$988 million lower than import spending. The falling export
First Vietnam ASEAN furniture fair to be held in HCMC
HCMC – The first Vietnam ASEAN International Furniture and Home Accessories Fair (VIFA ASEAN) will be held between August 29 and September 1 at the Saigon Exhibition and Convention Center in District 7, HCMC. Under the theme “Gathering all the best Southeast Asian furniture”, the event will
Demand for construction steel remains low
HCMC – Despite falling prices, sales of made-in-Vietnam construction steel posted a double-digit slump in April, the second lowest since 2022. Data from the Vietnam Steel Association showed that construction steel sales in April dropped 17% versus March and 15% against the same period last year,
Vietnam’s textile exports plunge in April
HCMC – Vietnam’s textile and garment industry generated only US$3.06 billion in export revenue in April, down 20.6% year-on-year, according to the Vietnam National Textile and Garment Group, or Vinatex. The export value of textiles and garments in the first four months of the year reached only
April auto sales plunge sharply
HCMC – Auto sales have fallen substantially this year, with 22,409 units sold in April, down 40% over March and 47% year-on-year, according to the Vietnam Automobile Manufacturers Association (VAMA). Sales of commercial vehicles in April dropped by 19% versus the previous month, passenger cars
Weak demand drives down shrimp prices
HCMC – Shrimp farmers in the Mekong Delta are facing losses as shrimp prices have plunged by 30% within a month. A survey showed prawns are sold at around VND70,000-80,000 per kg of around 100 pieces, slumping by 30% against the previous month. The prices of shrimp that weigh one kilogram of 30-40
Indonesia emerges as third largest buyer of Vietnamese rice
HCMC – Vietnam’s rice exports to Indonesia rocketed in the first four months of the year, according to data from the General Department of Vietnam Customs. Customs data showed that Vietnam shipped US$149 million worth of rice to Indonesia in the period, well above the US$58 million recorded in the
Fuel prices drop for third straight time
HCMC – Domestic fuel retail prices continued to slide further from 3 p.m. today, May 11, marking the third consecutive decrease since the end of April. RON 95-III gasoline dropped by VND1,320 to VND21,000 per liter and E5 RON 92 bio-gasoline costs VND20,130 per liter, down by VND1,300, according
Vietnam’s Ri6 durians exported to UK
HCMC – The first batch of Vietnamese Ri6 durians exported to the United Kingdom (UK) is now available on the shelves of supermarkets there. The five-ton shipment of Ri6 durians arrived the UK at zero duty thanks to the UK-Vietnam Free Trade Agreement, the Vietnam Trade Office in the UK said in a
Rice exports in Jan-April grow strongly
HCMC – Vietnam exported around 2.95 million tons of rice worth nearly US$1.56 billion in the first four months of this year, up 43.6% in volume and 54.5 % in value year-on-year, according to the Ministry of Agriculture and Rural Development. This is the highest growth rate among the key
Exports of agro-forestry-fishery products plunge over 13% in Jan-Apr
HCMC – Vietnam’s agro-forestry-fishery product exports reached US$15.66 billion in the first fourth months of the year, down 13.3% over the year-ago period. According to the Ministry of Agriculture and Rural Development, the country’s exports of agro-forestry-fishery products were estimated at