Local fuel prices decline further
HCMC – Domestic fuel retail prices dropped by over VND1,000 per liter today, May 4, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. RON 95-III gasoline now sells for VND22,320 per liter, down by VND1,310, while E5 RON 92 bio-gasoline costs VND21,430 per
Vietnam’s foreign trade plunges in April
HCMC – Vietnam’s foreign trade continued trending down in April, with export revenue and import spending plunging 17.1% and 20.5% over the same period last year, respectively, showed official data. Figures from the General Statistics Office (GSO) showed that export revenue in April totaled
Vietnam’s exports fall in first half of April
HCMC – Vietnam made only US$13.2 billion in export revenue in the first half of April, down 19.2% compared to the second half of March, according to preliminary data from the General Department of Vietnam Customs. The steep decline in export value was attributed to significant export drops in key
Shrimp exports plunge in Q1
HCMC – Shrimp exports from January to March fell 37% over the same period in 2022 to US$600 million, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). Shrimp exports in March contributed US$265 million to the first-quarter value, 33% lower than the year-ago
Vietnam seeks to export more fruits to U.S. market
HCMC – The Vietnamese agriculture sector expects the United States to allow two more types of fruits to enter the market, increasing the total number of fruits exported to this country to nine. Minister of Agriculture and Rural Development Le Minh Hoan, during a meeting with U.S. Secretary of
HCMC to host first export expo
HCMC – The administration of HCMC will hold the first export expo to facilitate trading opportunities for local businesses and manufacturers. The event is expected to support companies to make the most of the free trade agreements which Vietnam has signed, focusing on improving operations and
Japan becomes largest buyer of Vietnam seafood
HCMC – Japan has overtaken the U.S. as the largest buyer of Vietnamese seafood products, with its imports from Vietnam reaching over US$310 million in the first quarter of 2023. But the total value of Vietnamese seafood exports to Japan fell by 11% year-on-year between January and March, according
Vietnamese rice is increasingly asserting its position in the world
In the first three months of 2023, Vietnamese rice exports gained 1.79 million tons and 952 million USD, up 19.3% in volume and up 30.2% in value over the same period as 2022, according to the General Department of Customs.
HCMC seeks to stabilize goods prices to boost consumption
HCMC – HCMC is trying to stabilize prices and stimulate demand by applying discounts on the base prices of products given that input costs have risen by 10-15%. According to the Vietnam News Agency, the HCMC Department of Industry and Trade’s report showed that the city’s total revenue from the
Gasoline prices move sideways, oil prices inch down
HCMC – Domestic retail prices of gasoline saw little change versus March 21, while the prices of oil products, except for diesel 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 RON95-III
Vietnam, Israel conclude FTA negotiations
HCMC – After seven years and 12 rounds of negotiations over a free trade agreement, Vietnam and Israel have finally reached a mutually beneficial deal. The two countries will have to finalize regulatory issues to prepare for the execution of the Vietnam-Israel Free Trade Agreement (VIFTA),
World’s largest container ship arrives in Ba Ria-Vung Tau
HCMC – OOCL Spain, one of the world’s largest container ships, arrived at Gemalink Port in the southern province of Ba Ria-Vung Tau for cargo handling today, March 30. During its first maiden voyage to connect Asia and Europe lasting 84 days, the ship will make port calls in numerous venues