First trading center of Vietnam aqua-products to be established in China
HCMC – A Vietnamese aquatic products trading center will be established in Fangchenggang Shi in the Chinese province of Guangxi to enable the two countries’ enterprises to enhance trading, establish a supply chain and export and import farm and aquatic products. According to a representative of
HCMC seeks to step up trade with Western Australia
HCMC – HCMC is calling on enterprises in Western Australia to invest in major sectors in the city, such as food, agro-biotechnology, education and training, said Vo Van Hoan, vice chairman of the municipal People’s Committee, on March 7. Speaking at a reception for Deputy Premier of Western
Fuel imports soar in Jan-Feb
HCMC – Vietnam’s crude oil and fuel imports in the first two months of the year skyrocketed over the same period last year, according to official data. Vietnam imported 1.92 million tons of gasoline worth US$1.7 billion, soaring 43.1% in volume and 56.3% in value compared to the same period last
Woodworking industry expo set to kick off tomorrow
HCMC – The 14th Vietnam International Furniture and Home Accessories Fair, or VIFA EXPO 2023, will be held at the Saigon Exhibition and Convention Center (SECC) in HCMC from March 8 to 11. The expo, organized by the Alliance Handicraft Wooden Fine Art Corporation, will welcome 612 local and
Vietnamese coffee primarily exported as raw beans
HCMC – Although Vietnam is the world’s second biggest coffee exporter, around 90% of Vietnamese coffee products are mainly exported as raw beans, resulting in low export revenue. “Vietnam’s Robusta coffee has yet to get trademark protection certificates from any country,” Thai Nhu Hiep, vice
Rice exports down in Jan-Feb
HCMC – Vietnam exported 789,000 tons of rice worth US$417 million in the first two months of 2023, down 18.8% in volume and 10.8% in value year-on-year, according to data from the Ministry of Agriculture and Rural Development. However, the export price of Vietnamese rice between January and
China becomes largest buyer of Vietnamese agro-forestry-fishery products
HCMC – China has overtaken the U.S. as the largest buyer of Vietnamese agro-forestry-fishery products, with its imports amounting to US$1.27 billion in the year’s first two months. According to the Ministry of Agriculture and Rural Development, Vietnam’s total exports of agro-forestry-fishery
Agri-product shipments through Lao Cai border gate turn tough
HCMC – The volume of agricultural products exported to China through the Lao Cai border gate stood at only 50% of pre-pandemic levels due to slow customs clearance. The Chinese authority still imposes special requirements for goods transfers across the border, which slows down the speed of goods
Local fuel prices inch down
HCMC – The domestic retail prices of fuels were revised down at 15:00 p.m. today, March 1, according to an announcement jointly released by the ministries of Industry-Trade and Finance. Bio-fuel E5 RON92 is now priced at VND22,420 per liter, down VND120, while the higher-grade RON95 petrol sells
Vietnam enjoys trade surplus of US$2.82 billion in Jan-Feb
HCMC – Vietnam exported goods worth US$49.44 billion in the first two months of the year, while spending US$46.62 billion on imports during the period, resulting in a trade surplus of US$2.82 billion, according to the General Statistics Office. Meanwhile, the country ran a trade deficit of US$0.3
New FTA negotiations stepped up to boost exports
HCMC – Vietnamese authorities are expediting negotiations over new free trade agreements (FTAs) with markets that the country has yet to tap. According to the Center for WTO and International Trade under the Vietnam Chamber of Commerce and Industry, Vietnam’s trade and investment have benefited
Vietnam eyes mild rise in cashew exports this year
HCMC – Vietnam aims for US$3.1 billion in cashew exports this year, inching up US$30 million against 2022, heard the ongoing 12th VINACAS Golden Cashew Rendezvous, a national trade promotion program of Vietnam. The modest target was set due to many difficulties facing the global cashew market, the