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.
Vietnam’s fresh lychees have hit the shelves of supermarkets in Kagoshima Prefecture of Japan for the first time, as part of a “Vietnam’s goods” week in the Kagoshima AEON Mall from June 4 to June 6.
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.
Vietnam posted a trade surplus of over 1.29 billion USD in the first four months of the year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Measures to improve Vietnam’s business environment continued showing effectiveness despite the COVID-19 pandemic, but the speed of improvement slowed compared to previous years.
The People’s Committee of central Dang Nang city and the Import-Export Pan Pacific Group (IPPG) has signed a Memorandum of Understanding (MoU) on the development of an international and regional finance centre to attract investors in the future.
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).
The country's export turnover increased 22 percent to reach 77.34 billion USD in the first quarter, while the trade surplus was estimated at 2.03 billion USD.
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.
Maritime transport costs have skyrocketed in recent months as the impact of the COVID-19 pandemic takes its toll, pushing import-export companies into a lot of difficulties.
Vietnamese enterprises should take advantage of online marketing channels, re-arrange production and business orientations and strategies, and bring into full play advantages brought by free trade agreements if they want to achieve sustainable export growth, according to insiders.
Seaports in the southern province of Ba Ria-Vung Tau handled nearly 766,000 twenty-foot equivalent units (TEUs) in the first two months of 2021, rising 21 percent from the same time last year.
The US was the largest market of Vietnamese agro-forestry-fishery products in the first two months of the year, with 2.04 billion USD, up 57.3 percent year on year and accounting for 33.05 percent of the total market share.
State budget collection from import-export activities reached 54.76 trillion VND (2.37 billion USD) in the first two months, or 17.38 percent of the estimate and a year-on-year rise of 7.53 percent, according to the General Department of Vietnam Customs.
Vietnam’s sea ports have berthed some 4,900 foreign vessels over the last two months, a decline of 6 percent year-on-year, according to the Vietnam Marine Administration.
More than 14,000 tonnes of dragon fruit were exported to China from February 10-17 (the seven-day Lunar New Year holiday) through border gates in the northern province of Lao Cai, according to the provincial Border Gate Customs Sub-Department.
Da Nang’s authorities are building a detailed plan for the city's first international duty-free zone and smart urban area for investors, with construction set to commence soon as the Import-Export Pan Pacific Group (IPPG) has asked the city to allocate land for the project.
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