Auto imports plummet in May
HCMC – May saw Vietnam’s completely-built-up (CBU) automobile imports dipping a staggering 33.6% to US$191 million compared to April. General Department of Vietnam Customs data showed that the country imported 7,600 CBU units last month, down 38.3% against the previous month. Indonesia emerged as
EU relaxes food safety requirements for Vietnamese instant noodles
HCMC – Starting from June 27, Vietnamese instant noodles exported to the European Union (EU) will no longer require food safety inspection certificates issued by authorized agencies in Vietnam. On June 7, the EU made amendments to Regulation 2019/1973, which governs emergency measures for
Vietnam wants stronger agro-fishery exports to China
HCMC – The Vietnamese Ministry of Agriculture and Rural Development is actively working toward enhancing trade cooperation with China to boost the country’s exports of agricultural produce. Discussions have been held recently with the authorities of China’s Guangxi Zhuang Autonomous Region and
Vietnam’s e-commerce exports may hit VND296 trillion by 2027
HCMC – The rapid growth of global e-commerce presents a valuable opportunity for Vietnam to tap into foreign markets, with the nation’s e-commerce exports projected to reach VND296.3 trillion by 2027. Research conducted by Access Partnership highlights that micro, small, and medium enterprises
U.S. considers anti-dumping investigation of paper shopping bags imported from Vietnam
HCMC – The U.S. Department of Commerce (DOC) has received a request to initiate an anti-dumping investigation of paper shopping bags imported from Vietnam, said the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. The Coalition for Fair Trade in Shopping Bags of the
Vietnam’s exports grow 4.3% in May
HCMC – Vietnam’s exports in May continued to improve, with a 4.3% increase versus April to US$29 billion, according to an official at the Ministry of Industry and Trade. During the first five months of the year, exports generated US$136.2 billion. Manufactured products accounted for over 88% of
Rice exports soar 49% in May
HCMC – Outbound rice shipments in May surged by a staggering 49% compared to the same period last year, at US$2 billion, the highest in 10 years. In the year to May, Vietnam had shipped 3.9 million tons of rice abroad worth over US$2 billion, up 40.8% in volume and 49% in value against the […]
Retail sales growth at eight-year high
HCMC – Total retail sales of goods and services in the first five months of the year posted the highest growth in eight years, according to the General Statistics Office. A GSO report said that in May, total retail sales of goods and services amounted to VND519 trillion, up 1.5% from the previous
Vietnam gains trade surplus of nearly US$10 billion in Jan-May
HCMC – Vietnam’s export revenue in the first five months of this year inched down, but the country enjoyed a trade surplus of US$9.8 billion, according to the General Statistics Office. The country’s import-export value has totaled an estimated US$262.5 billion in January- May. Of the amount,
Rice traders incur losses despite export surge
CANTHO – Rice traders reported losses even though their export volume and value last month doubled the figures of the same period last year. Vietnam shipped around 1.1 million tons of rice abroad in April, up 14.4% against March and 98.1% against the same period last year, according to the
Agro-forestry-fishery exports bring US$20.2 billion in Jan-May
HCMC – Vietnam earned around US$20.26 billion from exports of agricultural, forestry and fishery products in the first five months of 2023, down 11.1% year-on-year, according to the Ministry of Agriculture and Rural Development. The country spent US$13.15 billion importing these types of products,
Ample room remains for Vietnam’s rice exports to Africa
HCMC – Given Africa’s need to import around 17.7 million tons of rice from now to the year-end, Vietnamese businesses have ample opportunity to boost rice exports to the African markets for the rest of the year, according to the Asia-Africa Market Department under the Ministry of Industry and