Vietnam posts US$1.7 billion trade surplus in mid-February
HCMC – Vietnam has seen a trade surplus of US$1.68 billion in the year to February 15, with the surplus of the first half of February alone contributing US$1.1 billion, official data showed. Of the amount, Vietnam’s goods exports in the first half of February amounted to US$13.4 billion, up 49%
New border gate pair in An Giang put into service
HCMC – The Vinh Xuong-Kaorm Samnor international border gate pair linking Vietnam’s An Giang Province with the Cambodian province of Kandal has been put into operation. The two provinces jointly held a ceremony on February 23 to open the border gates, allowing for travel by road and waterway, the
Vietnam to export 7 million tons of rice this year
HCMC – Vietnam’s rice export activity has shown positive signs early this year, with 6.5-7 million tons of rice forecast to be exported in all of 2023. The forecast was made during a trade conference held by the Ministry of Industry and Trade in HCMC on February 21. At the conference, the
Vietnam announces plan to combat illegal fishing practices
HCMC – Vietnam has begun to act against illegal, unreported and unregulated (IUU) fishing practices to shed seafood export restrictions imposed by the European Union. The Ministry of Agriculture and Rural Development on February 20 announced its plan to fight IUU fishing within 180 days before the
Gasoline prices inch down
HCMC – Domestic fuel prices fell by around VND300-750 per liter or kilogram starting today, February 21, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. RON95-III gasoline and E5 RON92 bio-gasoline now sell for VND23,440 and VND22,540 per liter, with
Vietnam imposes anti-dumping duties on furniture from China
HCMC – Vietnam has imposed anti-dumping duties on table and chair imports from China as a sudden spike in imports of these products has impacted local production. According to the Ministry of Industry and Trade’s decision, duties of 35.2% are levied on tables and 21.4% on chairs, with effect from
Vietnam’s fuel imports surge in Jan
HCMC – Vietnam imported 1.03 million tons of fuels worth US$879 million last month, rocketing 70% in volume and 92.6% in value year-on-year, according to the General Department of Vietnam Customs. The country also imported one million tons of crude oil worth US$621 million last month, up 43.8%
Vietnam’s durian exports to China targeted at US$1 billion this year
HCMC – Vietnam’s durian shipments to China are forecast to fetch over US$1 billion in all of this year, said Dang Phuc Nguyen, general secretary of the Vietnam Vegetable and Fruit Association. Since Vietnam started formal durian exports to China in September last year, some US$400 million worth of
Over 7,800 autos imported via Haiphong port in January
HCMC – Port of Haiphong Joint Stock Company has reported some 7,818 autos were imported through the Haiphong port in the first month of this year, increasing by 5,895 units over the same period in 2022. More than half of the automobiles brought into Vietnam in January came through the port. The
Vietnam-China trade surpasses US$11 billion in Jan
HCMC – The first month of 2023 saw two-way trade between Vietnam and neighboring China reaching US$11.1 billion, General Department of Vietnam Customs data showed. Vietnam last month exported US$3.87 billion worth of products to China while importing goods valued at US$7.23 billion from the
Vietnam steps up IUU fishing fight
HCMC – Vietnam is intensifying the fight against illegal, unreported and unregulated (IUU) fishing practices just ahead of the fourth Vietnam visit by European Commission (EC) inspectors. Deputy Prime Minister Tran Luu Quang has signed a decision providing guidelines for combatting IUU fishing,
Vietnam proposes India open market for farm produce, fresh fruit
HCMC – The Ministry of Industry and Trade (MOIT) suggested India open its market for Vietnamese farm produce and fresh fruit during a meeting with the Indian Ambassador to Vietnam yesterday, February 14. During a meeting between Minister of Industry and Trade Nguyen Hong Dien and Indian Ambassador