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.
The share of Vietnamese cashew nuts in Russia’s import of the product during the first half of 2021 reached 57.68 percent, increasing 7.4 percent year on year, according to statistics from the Federal Customs Service of Russia.
Vietnam has been benefiting from the Vietnam-EAEU FTA since it took effect in 2016, which has ever since created opportunities for Vietnamese exports to the Russia – the largest market in the EAEU.
There remains huge room for Vietnam to boost exports of farm produce, seafood, foodstuffs and beverages to Russia, which has great demand for these goods, experts have said.
Vietnam posted a trade deficit of 3.71 billion USD in the first eight months of 2021 as the country's imports rose 33.8 percent year on year to 216.26 billion USD while exports raked in 212.55 billion USD, up 21.5 percent, the General Statistics Office (GSO) announced on August 29.
Vietnam’s export turnover in the first eight months of 2021 rose by 21.5 percent year on year to 212.5 billion USD , despite a decline of 5.4 percent in August, the General Statistics Office (GSO) reported on August 29.
There remains room for Vietnamese enterprises to promote their exports of farm produce such as rice and seafood to Italy besides other export items, according to the Vietnamese Trade Office in Italy.
The Ministry of Industry and Trade (MoIT) has decided to maintain the anti-dumping measure imposed on some H-shaped steel products from Malaysia since April 2021.
Vietnam’s imports of completely built-up (CBU) vehicles in the first seven months of 2021 posted a year-on-year surge of 111.2 percent in volume despite the complexities of COVID-19.
Malaysia's rubber and rubber products exports surged 150 percent to 44.43 billion ringgit (10.48 billion USD) in the first half of this year from 17.77 billion ringgit a year ago, due to the strong demand for rubber gloves amid the COVID-19 pandemic, official data showed on August 11.
Tan Cang - Cat Lai Port in Ho Chi Minh City’s newly created Thu Duc city will temporarily stop accepting imports by businesses that have suspended production so that it can clear a huge backlog of containers that have piled up.
Since the EU - Vietnam Free Trade Agreement (EVFTA) took effect, the country’s imports from the EU have been rising sharply, with many commodities posting import value of billions of US dollars.
About 335 million USD was spent on importing 15,316 completely built-up (CBU) vehicles in June, down 10.2 percent and 1.8 percent, respectively, against the previous month, according to the General Department of Customs.
Vietnam was up the sixth largest supplier of bananas to the Republic of Korea (RoK) during the first five months of the year, according to the Korea International Trade Association (KITA)
Ho Chi Minh City exports were up 5.1 percent and imports saw a surge of 26 percent in the first half of this year as compared to the same period in 2020, resulting in a trade surplus of 4.53 billion USD, according to the municipal Statistic Office.
The special Vietnam - Laos friendship has been growing unceasingly across the board in the recent past, including in trade, which has been developing in an increasingly substantive manner.
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