Vietnamplus

Vietnam is seeing a surge in the price of its coffee exported to the US and is expected to gain more opportunities in this market.

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29.

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.

A strategy to 2030 sets sustainable targets with a balanced import-export structure in order to sharpen competitive edge and bolster brand development for Vietnamese products. The idea behind the plan is to raise Vietnam’s position in the global supply chain and serve as momentum for sustainable economic development. The target has been set at an average export growth rate of 6-7% to 2030.

Vietnamese businesses will be provided with consultation on boosting their exports to markets joining the Regional Comprehensive Economic Partnership (RCEP) during a session to be held by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade in collaboration with Vietnamese Trade Offices in the countries on June 8.

Vietnam’s import-export turnover during the first five months of this year topped 305 billion USD, a year-on-year increase of 15.6 percent, according to a report released on May 29 by the General Statistics Office of Vietnam.

Vietnam’s import-export turnover during the first five months of this year reached 305.1 billion USD, a year-on-year increase of 15.6 percent, according to a report released on May 29 from the General Statistics Office of Vietnam (GSO).

Free trade agreements (FTAs) spurred Vietnam’s bilateral and multilateral trade, with 2022 revenues projected to hit a record 750 billion USD, according to experts.

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.

Vietnam has set a goal of achieving an average export growth rate of 6-7 percent in the 2021-30 period, following the Government's strategy on import and export released recently.

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).

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.

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.

Vietnam enjoyed trade surplus of 809 million USD in the first quarter of 2021, according to the General Statistics Office.

Despite suffering the negative impact of the COVID-19 pandemic and the Russia-Ukraine conflict which affects international trade, import and export activities of Ho Chi Minh city still achieved impressive growth in the first quarter of this year.

Minister of Industry and Trade Nguyen Hong Dien responded to the National Assembly (NA) Standing Committee’s questions on the settlement of congestion of agricultural products at northern border gates at an question-and-answer session on March 16.

Vietnam’s export-import turnover hit an estimated 108.5 billion USD in the first two months of this year, up 13 percent compared to the same period last year, the General Statistics Office reported on February 28.

All import-export enterprises and customs agents are required to declare information online on the digital border gate platform before arriving at the Huu Nghi and Tan Thanh international border gates.

Bilateral trade between Vietnam and the US set a new milestone, hitting 111.56 billion USD in 2021, up nearly 21 billion USD over the previous year, according to the General Department of Customs.

The Ministry of Industry and Trade has recently announced 10 outstanding events that make their mark on the sector’s success in 2021 – the year that Vietnam was hard hit by COVID-19.