Vietnam’s import-export value in the first five months of this year was estimated at 262.54 billion USD, down 14.7% year-on-year, with a trade surplus of 9.8 billion USD, the General Statistics Office (GSO) announced on May 29.
There is plenty of room available for Vietnamese goods to enter the UK market, said Thai Tran, Managing Director of TT Meridian, an international logistics and trading company specialising in the UK and Vietnam markets and the first Vietnamese business in the UK to open an all-cargo air route between the nations via Turkmenistan.
National Assembly (NA) deputies stressed the need to supplement the responsibilities of relevant agencies in preventing and eliminating false information on products to protect consumers, as the legislature put the draft Law on Protection of Consumer Rights (amended) on table during its ongoing fifth plenary session on May 26.
Revenue in the luxury goods market in Vietnam will amount to 957.2 million USD in 2023, and grow annually by 3.23% in the 2023-2028 period, according to Statista, a statistics portal for market data.
Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60% since the beginning of this year, pushing firms to cut off at least half of their production capacities.
The quantity of Vietnamese agricultural goods exported to China via border gates in the northern mountainous province of Lao Cai has witnessed a significant upswing this year, surpassing figures from previous years.
Hanoi’s Department of Industry and Trade on May 18 kicked off “Hanoi Sales Promotion 2023” at Thong Nhat Park and introduced activities within the programme from May to November.
The US Department of Commerce (DOC) has announced an extension of the investigation period of trade remedy tax evasion for several goods imported from Vietnam, according to the Trade Remedies Authority under the Vietnamese Ministry of Industry and Trade.
Prime Minister Pham Minh Chinh highlighted three core factors to ASEAN’s characteristics, values, vitality and reputation, which are maintaining independence and strategy self-reliance, turning itself into a growth epicenter and better adapting to external shocks in his remarks at the opening session of the 42nd ASEAN Summit in Labuan Bajo, Indonesia, on May 10 morning.
Laos's inflation rate in April dropped to 39.89%, a slight fall from the average rate of 40.85% in the first quarter of this year, according to the Lao Statistics Bureau.
The Vietnam Directorate of Market Surveillance (DMS) on April 25 signed a Memorandum of Understanding (MoU) with Schott AG, a leading group in the areas of specialty glass, glass-ceramics and glass innovations from Germany, aiming to promote cooperation in combating counterfeits products and enforcing intellectual property (IP) rights of Schott AG brands in Vietnam.
The fourth Global Conference on Sustainable Food Systems Programme will take place in Hanoi from April 24-28, with over 200 foreign delegates from member countries and organisations taking part, announced the Ministry of Agriculture and Rural Development (MARD).
The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number of goods and services to boost the economy.
A workshop held in Ho Chi Minh City on April 5 provided Vietnamese businesses with updates about consumption trends and export standards in Thailand so as to help capitalise on the biggest trading partner of Vietnam in ASEAN.
Gemalink, the largest deep-sea container port in the southern province of Ba Ria-Vung Tau’s Cai Mep - Thi Vai seaport complex, has recently received a 24,188 TEU container vessel, the biggest ever of its kind anchored at the port to date.
Total retail sales of goods and consumer service revenue increased 13.9% year on year to over 1.5 quadrillion VND (63.9 million USD) in the first quarter of 2023, compared to the 5% growth in the same period of 2022, the General Statistics Office (GSO) reported.
Vietnam earned 8.2 billion USD from exports to China in the first two months of 2023, posting a year-on-year increase of 4.2%, the Ministry of Industry and Trade (MoIT) has reported.
Central Retail Vietnam's sourcing team has met with businesses and suppliers in the southeast to discuss cooperation opportunities at a trade promotion conference between Ho Chi Minh City and its neighbours in Binh Phuoc province last week.
There are many opportunities for Vietnamese goods, especially agricultural products, to enter foreign distribution channels, said Ta Hoang Linh, director of the Europe - America Market Department, Ministry of Industry and Trade.
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