Sugar firms struggle due to ATIGA Business

Sugar firms struggle due to ATIGA

Tariffs cut to zero under the ASEAN Trade in Goods Agreement (ATIGA) from January 1 this year and the COVID-19 pandemic have made for a tough year for the sugar industry, heard an online seminar held by Nhan Dan (People) e-newspaper on September 16.
Origin fraud threatens local exporters Business

Origin fraud threatens local exporters

After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations.
Vietnam’s forex reserve sets new record Business

Vietnam’s forex reserve sets new record

Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April.
Exports of pepper to India at risk Business

Exports of pepper to India at risk

The Ministry of Industry and Trade has urged firms to control the quality of pepper exported to India and develop solutions to cope with policies affecting the export of pepper from Vietnam.
Binh Duong’s wood exports up slightly in first half Business

Binh Duong’s wood exports up slightly in first half

Wood and wooden product exports in the southern province of Binh Duong hit more than 1.7 billion USD in the first half of 2020, up 0.6 percent year-on-year and accounting for 14.5 percent of the local total export value of 11.9 billion USD.
Pepper export volume down 5.7 percent in first half Business

Pepper export volume down 5.7 percent in first half

Vietnam exported over 166,800 tonnes of peppercorn worth 356 million USD in the first half of 2020, down 5.7 percent in volume and 21.1 percent in value compared to the same period last year, according to the General Department of Customs.
Rice export price lowest in two months Business

Rice export price lowest in two months

Higher rice supply in the domestic market has made the export price of Vietnam’s broken rice drop to 450 USD per tonne on June 19, the lowest level in the past two months.
Vietnam records trade deficit in first half of May as exports drop Business

Vietnam records trade deficit in first half of May as exports drop

Vietnam reported a trade deficit of nearly 1 billion USD in the first half of May as exports reached only 8.22 billion USD – the lowest level since the beginning of this year (excluding the first half of January when the Tet holiday fell on), the General Department of Customs announced has announced.
Car imports plunge in April Business

Car imports plunge in April

Vietnam imported 60,000 cars in April, a decrease of 50.6 percent compared with the previous month, according to the General Department of Customs.