The implementation of the EU - Vietnam Free Trade Agreement (EVFTA) has greatly helped make up for a downturn in the economy caused by the COVID-19 pandemic, experts said at a workshop in Hanoi on February 25.
Goods imported and exported via La Lay and Lao Bao international border gates in the central province of Quang Tri have surged, particularly after the Lunar New Year holiday.
PetroVietnam Gas Trading Company (PVGAS Trading), a subsidy of the Petrovietnam Gas Joint Stock Corporation (PV GAS), has successfully imported 30,000 tonnes of refrigerated liquefied petroleum gases (LPG) to the floating warehouse vessel Viet Dragon 68 off the coast of the northern province of Thai Binh.
The Government promulgates a decree detailing a number of articles of the Law on Environmental Protection, including regulations on environmental protection deposit in the import of scrap to use as raw materials for manufacturing.
Chinese authority on January 12 re-opened its Hekou International Border Gate – which pairs with Vietnam's Kim Thanh II border gate in the northern province of Lao Cai – for imported fresh fruits, including dragon fruit, and frozen foods from Vietnam, according to the Ministry of Industry and Trade.
The northern border province of Lang Son on December 24 held a working session regarding COVID-19 preventives measures at border gates so as to create optimal conditions for exports-imports.
Vietnam’s foreign trade surged 22.3 percent year-on-year in the first 11 months of this year to exceed 599.1 billion USD, according to the General Statistics Office.
According to Vietnam Customs, the number of imported cars in Vietnam rose 61 percent to nearly 130,000 units in the first 10 months this year. Passenger vehicles saw a rise of 50 percent to more than 90,000 units.
Vietnam was India’s fourth largest supplier of rubber during the first three quarters of this year, after Indonesia, the Republic of Korea, and Malaysia, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
The increasing proportion of clean energy such as solar and wind power in recent years has helped Vietnam diversify energy sources and reduce its dependence on imported energy, thus enhancing its national energy security, said Director of the Ministry of Industry and Trade’s Department of Electricity and Renewable Energy Hoang Tien Dung.
Vietnam exported more than 5.7 million tonnes of steel products in the first nine months of 2021, a whopping 78.1 percent increase the same period last year, according to the Vietnam Steel Association (VSA).
Vietnam remains the biggest sugar importer, third largest trading partner and the third biggest foreign investor of Laos, after Thailand and China, Vientiane Times reported on October 11.
State budget collection from import-export activities reached 285.62 trillion VND (12.53 billion USD) in the first nine months of this year, equivalent to 90.6 percent of the estimate and a year-on-year rise of 25.83 percent.
Non-state sector became the main driver of Ho Chi Minh City’s foreign trade during the first nine months of this year, with its exports and imports increasing 3.5 percent and 39.7 percent, respectively, according to the municipal statistics office.
Indonesia is increasing its efforts to penetrate non-traditional markets, with preparations for a trade and investment forum with Latin American and Caribbean countries, and a new platform for doing business with Central and Eastern European countries.
The time for customs clearance for exports, including the time for obtaining, preparing and submitting documents and and inspections, averaged 38.4 hours in Vietnam last year, a drop of 57.38 hours compared to 2019, according to the General Department of Vietnam Customs (GDVC).
Indonesia posted a trade surplus of 4.74 billion USD in August 2021, breaking the record of 4.64 billion USD in December 2006, the Central Statistics Office (BPS) has said.
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