Vietnamplus

Cross-border trade in the northern province of Quang Ninh has recovered following China’s easing of COVID-19 quarantine protocols.

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.

A symposium on measures to promote import-export activities between India and localities in the southcentral region was held in Nha Trang city by the Indian Consultate Geneal in Ho Chi Minh City and the People’s Committee of Khanh Hoa on March 1.

Import-export activities and customs clearance of goods via the Ma Lu Thang International Border Gate in Phong Tho district of the northern province of Lai Chau and the Jinshuihe border gate of China's Yunnan province were fully resumed on February 20.

The eighth dialogue between the Customs Departments of three northeast provinces - Lang Son, Cao Bang, Quang Ninh - and their counterpart in Nanning, China, took place in Lang Son on November 18 in virtual form.

Budget collection from import-export activities topped 362.4 trillion VND (14.57 billion USD) in the first 10 months of this year, equivalent to 86.3% of the set target and up 14.6% year-on-year, according to the General Department of Customs.

The import-export strategy toward 2030, approved by the Prime Minister, encouraged the development of environmentally friendly products and the green economy.

While many exporters and producers had orders for 2022, they are worried about a possible shortage of production materials because of supply disruptions from China.

Bac Luan 2 border gate of Mong Cai international border gate in the northeastern province of Quang Ninh reopened on April 26 after a two-month halt due to the COVID-19 pandemic.

The northeastern border province of Quang Ninh is setting up “green zones” and increasing discussion with the Chinese side to stabilise import-export activities through border gates, amid different COVID-19 prevention and control measures between the two sides.

Despite COVID-19 impacts, Vietnam has seen an impressive reversal in import-export activities in the last months of the year, securing trade surplus for the sixth consecutive year.

The complicated developments of the COVID-19 pandemic has been posing both challenge and opportunity for the supporting industry sector in Hanoi, requiring businesses in supply chains to promptly adapt and make flexible changes.

High intelligence together with great bravery will help Vietnamese businesswomen overcome the formidable challenges brought about by the COVID-19 pandemic and develop their business in a sustainable fashion, according to the Chairwoman of the Vietnam Association of Women Entrepreneurs (VAWE) Thai Huong.

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.

VPBank has been a pioneer in granting letter of credit (L/C) online for import-export businesses in Vietnam to help them save time and costs.

Bright prospects are likely to be seen in foreign trade over the rest of this year thanks to the effective and comprehensive implementation of free trade agreements (FTAs) and rising prices for strong export products of Vietnam, according to Deputy Director of the Import-Export Department at the Ministry of Industry and Trade (MoIT) Tran Thanh Hai.

Ho Chi Minh City brought in more than 140.3 trillion VND (6.06 billion USD) in budget collections during the January - April period, a 15.76 percent increase year-on-year and fulfilling 30.45 percent of the annual target.

Despite a rise in export revenue in the first four months of this year, experts suggested that businesses should not be too optimistic as the COVID-19 pandemic has seen complicated developments both in and outside the country.

Chairman of the Hanoi People’s Committee Chu Ngoc Anh has highlighted the sound relations between Hanoi and Finland over the past 48 years, saying that there are opportunities for both sides to promote their ties, especially thanks to the EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam and Canada have enjoyed robust trade ties thanks to opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that took effect in Vietnam from January 14, 2019, heard a conference held in Hanoi on March 23.