Vietnamplus

The capital city of Hanoi recorded an annual increase of 2.25% in the consumer price index in the first quarter of this year, according to the Hanoi Statistics Office.

The Vietnamese rice industry is set to benefit from the high demand and prices this year, with lower input costs leading to expanded profit margins for rice businesses.

The Lao Ministry of Agriculture and Forestry has announced the suspension of pork imports from Vietnam and other countries hit by the outbreak of African swine fever.

Two-way trade turnover between Vietnam and Italy has doubled since 2010. Vietnam is Italy’s largest trading partner in ASEAN, while Italy is Vietnam’s fourth largest trading partner in the EU.

Businesses from the Republic of Korea (RoK) have been reportedly promoting probiotics marketing to tap into growing demand in Vietnam.

The International Trade Practices Unit (UPCI) of Mexico’s Ministry of Economy has decided to adjust the tax rate imposed on galvanised steel imports from Vietnam, according to the Ministry of Industry and Trade (MoIT).

Cambodia’s exports to the European Union (EU) last year were worth 4 billion USD, up 25% compared to the 2021’s figure, according to the country’s ministry of commerce.

The value of trade via border gates with China in the northern province of Lang Son amounted to 1.7 billion USD in January.

Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has informed that the country will not import fossil fuels from 2045 as it will develop the potential of palm oil as an alternative fuel by then.

Vietnam posted an all-time high import of automobiles with 173,467 units valued at 3.84 billion USD last year, surpassing the previous record of about 160,000 units in 2021, reported the General Department of Vietnam Customs.

Surmounting difficulties to boost economic recovery, Vietnam is expected to post a foreign trade record of 780 billion USD in 2022.

Thailand’s energy authorities are preparing to make an electricity saving campaign a mandate for households and businesses as they struggle to deal with the high prices of liquefied natural gas (LNG) which may keep soaring in the winter, putting more financial burden on national power generation, reported the Bangkok Post.

Vietnam is on track to see a trade surplus of 10 billion USD this year despite enduring global market uncertainties and fluctuations, according to a report by the Ministry of Trade and Industry.

Foreign Ministry Spokeswoman Le Thi Thu Hang underlined the Vietnamese Government’s consistent attention to food security while addressing the ministry’s regular press briefing on November 3.

The Lao Government is planning to produce biofuel in an effort to reduce reliance on imported fuels.

Vietnam posted a trade surplus of 9.4 billion USD in the first 10 months of 2022, compared to 630 million USD in the same period last year, according the General Statistics Office (GSO).

Deputy Minister of Transport Nguyen Xuan Sang has signed a decision approving a project to build a merchant fleet capable of handling a fifth of the country's imports and exports by 2030.

The import and export value of goods and services transferred via Lao Cai province’s international border gates neared 1.7 billion USD in the first nine months, down 39.4% year-on-year.

Vietnam plans to focus on improving the science and technology market with the establishment of three trading platforms in order to reduce reliance on imports, Minister of Science and Technology Huynh Thanh Dat has said.

Vietnam will impose temporary anti-dumping duties on some table and chair products originating from China, the Vietnamese Ministry of Industry and Trade has said.