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
Vietnam posts over US$4 billion in trade surplus in Q1
HCMC – Vietnam’s export revenue in the first quarter of this year has inched down but the country has enjoyed a trade surplus of US$4.07 billion, according to the General Statistics Office. Between January and March, the country’s import-export value has totaled an estimated US$154.27 billion. Of
Indonesia’s strong demand seen boosting Vietnam’s rice exports
HCMC – The Indonesian Chamber of Commerce Vietnam (IndoCham Vietnam) said on March 27 that Indonesia is planning to import two million tons of rice to improve its 2023 reserves, offering an opportunity for Vietnam to ship more rice to the Southeast Asian market. The announcement came after a
U.S. extends anti-dumping probe conclusion on plywood imports from Vietnam
HCMC – The United States Department of Commerce (DOC) has for the sixth time delayed the issuance to May 2 of a final conclusion on the probe into anti-dumping duty evasion on plywood imports from Vietnam. According to the Trade Remedies Authority of Vietnam under the Ministry of Industry and
China to import farm produce via Mong Cai border gate
HCMC – Chinese customs officials have recently approved the Mong Cai-Dongxing international border gate pair as an entry point for agricultural goods from Vietnam, according to the Ministry of Industry and Trade. Farm trade will be facilitated through the Bac Luan 2 Bridge, one of the two bridges
Hoa Binh ships first batch of fresh sugarcane to U.S.
HCMC – The northern upland province of Hoa Binh yesterday, March 19, shipped its first batch of 20 tons of newly harvested sugarcane to the U.S. A ceremony was co-held by the provincial Department of Agriculture and Rural Development and Tien Ngan Trade and Investment Company to mark this
Vietnam remains promising market for Queensland meat exports
HCMC – Vietnam has imported over 37,000 tons of beef from Australia since 2020, with the northeastern state of Queensland being a key supplier, according to the Trade and Investment Queensland-Vietnam (TIQ Vietnam) Office. “The volume of Australian beef imported into Vietnam over the years
Steel output and consumption dive in Jan-Feb
HCMC – Though the economic outlook in January and February has brightened, steel production, domestic consumption and exports plunged, according to the Vietnam Steel Association (VSA). In the first two months of 2023, the output of finished steel products fell 16.3% year-on-year to nearly 4.3
FDI sector’s foreign trade down in Jan-Feb
HCMC – Sharp drops in new orders led the foreign direct investment (FDI) companies achieving only US$68.2 billion in import and export value in the first two months of this year, falling by US$9.15 billion against the same period last year. Recent data of the General Department of Vietnam Customs
Tra fish export fall forecast to extend
HCMC – Vietcombank Securities Company (VCBS) has forecast that Vietnam’s tra fish exports will continue to spiral down until the end of the first half of the year. The country has seen a fall in tra fish exports by both value and volume since November last year, according to the Vietnam
Local fuel prices inch up
HCMC – Retail prices of fuels were revised up at 3.00 p.m. today, March 13, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON95 gasoline is now priced at VND23,810 per liter, up VND490 per liter, while E5 RON92 bio-gasoline sells for VND22,800 per
Vietnam’s dragon fruit exports to Japan, S.Korea drop
HCMC – Vietnam’s dragon fruit exports to Japan and South Korea in January fell strongly against the same period last year. General Department of Vietnam data showed exports of dragon fruits to over 40 countries and territories brought total revenue of over US$47 million in the first month of the