Two-way trade turnover between Vietnam and Lao topped 403 million USD in the first quarter of this year, up 19.2 percent over the same period last year, according to the Vietnamese Trade Office in Laos.
While the Russia-Ukraine conflict has left negative impacts related to transport, inflation and international payments on import and export activities, it could also create opportunities for businesses which adopted timely adaptation measures, experts have said.
Singapore’s renewable energy developer Quantum Power Asia Pte has agreed to advance a 5 billion USD plan in Indonesia to export solar power to Singapore, which attempts to accelerate its use of renewables.
Malaysia's total trade recorded a growth rate of 27.3 percent year-on-year last month to reach a new high of 236.6 billion RM (55.69 billion USD), the Department of Statistics Malaysia (DOSM) announced on April 18.
A consultation session on export to the Algerian market will be held on April 19 in Ho Chi Minh City as part of activities in the national programme on trade promotion in 2022, according to Deputy Director of the Trade Promotion Agency of the Ministry of Industry and Trade (MoIT) Le Hoang Tai.
Vietnam exported 1.14 million tonnes of rice worth 715 million USD in the first quarter of 2022, up 24 percent in volume and 10.5 percent in value year-on-year, according to the Ministry of Agriculture and Rural Development.
Tuna export has maintained a high growth rate in the first months of 2022 despite strong fluctuations in the world market over the past more than one year, partly thanks to free trade agreements that Vietnam has signed.
Approximately 1.5 billion USD is needed to build new ships, purchase old ones, and rent and buy containers for Vietnam’s container vessel fleet, according to the Vietnam Logistics Business Association (VLA).
Thailand's exports are forecast to grow by 5 percent this year, at the low end of a previous prediction of 5-8 percent growth, said the Thai National Shippers' Council (TNSC).
The Vietnam Manufacturing Purchasing Managers' Index (PMI) dropped to 51.7 in March from 54.3 in February, as the latest wave of the COVID-19 pandemic led to widespread labour shortages in the manufacturing sector during March, according to S&P Global.
A seminar was held by Customs E-Magazine in Ho Chi Minh City on April 6 to discuss synchronous solutions to cut input and commercialisation costs, thus reducing import-export spending.
This year, the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs aims to send 90,000 labourers abroad to work under contract, while expanding the market for Vietnamese labour to Europe and Australia.
The Mekong Delta province of Tien Giang earned 884 million USD from exports in the first quarter of 2022, up 17.5 percent year-on-year, and equal to 26.4 percent of the target set for the year, according to the provincial Department of Trade and Industry.
Iran is a market with high demand for agricultural products and tropical fruits – which are Vietnam’s advantages, heard a recent export consultation session held by the Trade Promotion Agency.
Four northwestern border provinces of Vietnam, namely Lao Cai, Ha Giang, Lai Chau, and Dien Bien, have held the first conference on agricultural cooperation with China’s Yunnan province.
The State budget revenue from export and import reached 107.3 trillion VND (nearly 4.7 billion USD) in the first quarter of 2022, up 22.44 percent year on year.
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