China tops Vietnam's list of importers Business

China tops Vietnam's list of importers

China has overtaken the US to become Vietnam's largest importer as of January 2018, accounting for 77 percent of the country’s export market, official statistics show.
Fertilizer exports see strong growth Business

Fertilizer exports see strong growth

From a fertilizer importer, Vietnam has become an exporter of the product, with 892,000 tonnes shipped abroad in 11 months of this year for 277 million USD, a year on year increase of 34.5 percent in volume and 43 percent in value.
Vietnam tuna exports exceed yearly target Business

Vietnam tuna exports exceed yearly target

The Vietnam Association of Seafood Exporters and Producers (VASEP)’s target of 524 million USD in tuna exports for the year has been completed early as the figure already hit 541 million USD as of November.
Customs revenue to surpass target Business

Customs revenue to surpass target

The budget revenue of the General Department of Customs (GDC) surpassed 261.1 trillion VND (11.5 billion USD), or 91.6 percent of the 2017 target as of November 28.
Vietnam, China bolster trade ties Business

Vietnam, China bolster trade ties

Vietnam’s trade balance with China is expected to improve after enterprises from the two nations inked investment contracts at a trade connection conference in Hanoi on November 8.
SBV says bitcoin prohibited in Vietnam Business

SBV says bitcoin prohibited in Vietnam

According to the State Bank of Vietnam (SBV), the issuance, supplement and use of bitcoin and other similar virtual currencies for legal payment is prohibited in Vietnam.
Jury still out on cryptocurrency in Vietnam Business

Jury still out on cryptocurrency in Vietnam

The use of cryptocurrency and blockchains in Vietnam is currently limited to just one percent of the total population, though experts anticipate that the number could grow to 30 million users in the next ten years.
Mobile phone exports to China surge Business

Mobile phone exports to China surge

Mobile phones and spare parts have become one of Vietnam’s key exports to China with turnover of 1.35 billion USD as of end of August, up 137 percent year-on-year, according to the General Department of Vietnam Customs.