Import-export activities were a highlight of Vietnam’s economy during the 2015-2020 period. In 2020, trade surplus reached 19.1 billion USD, marking the highest in five consecutive years recording trade surplus since 2016.
Total import-export turnover through border gates of northern Lao Cai province, which borders China, reached nearly 1.7 billion USD in 2020, equal to 94 percent of the previous year.
Vietnam posted a record trade surplus of 20.1 billion USD in the first 11 months of this year despite the adverse impacts of the COVID-19 pandemic on the global economy, according to the General Statistics Office (GSO).
Domestic and foreign capital flow is expected to bolster real estate shares after the COVID-19 pandemic as many investors are paying attention to the industry.
Vietnam earned 2.5 billion USD from exporting fruit and vegetable in the first nine months of 2020, representing a year-on-year drop of 11 percent, according to the Import-Export Department under the Ministry of Industry and Trade.
The HCM City Customs Department has been implementing a number of measures to help the local business community optimise the benefits to be had from the EU-Vietnam Free Trade Agreement (EVFTA) and boost import-export activities.
Exports by the domestic sector have been a silver lining of the cloud of Vietnam’s trade in the first eight months of 2020, with overseas shipments reeling in 60.8 billion USD during the period, up 15.3 percent.
Vietnam's import-export turnover is estimated at 336.32 billion USD in the first eight months, an annual reduction of 0.3 percent, according to the General Statistics Office.
A shift to digital platforms is considered an effective means for businesses to expand export markets as Vietnam integrates more deeply into the global economy, Deputy Minister of Industry and Trade Cao Quoc Hung has said.
Despite the first half of the year seeing Vietnamese export turnover to China only reaching a mere US$34.8 billion, equal to a slight fall of 2.2% from the same period last year, the northern neighbour retained its place as the country’s largest import market, according to the General Statistics Office.
An estimated 577 trillion VND (24.86 billion USD) was collected for the State budget in the first five months of the year, equal to 38.2 percent of the estimate and down 9.2 percent compared to the same period last year.
With both border gates and seaports connected to China, the city of Mong Cai in Quang Ninh province is a top spot for realty businesses and project developers.
Vietnamese enterprises, especially small- and medium-sized enterprises (SMEs), should quickly improve product quality and value to consolidate their competitiveness in the European Union market, an online conference on June 5 heard.
Even though the COVID-19 pandemic has been put under control in Vietnam, its negative impacts were still felt in many fields, including budget collection in Ho Chi Minh City.
A total of five tonnes of red dragon fruit from Vietnam are being sold at supermarkets and grocery stores in the Australian states of New South Wales, Victoria, and Western Australia as part of a week-long promotional event held by the Vietnamese Trade Office in Australia and the Melbourne-based company Da Lat Import & Export from April 2 to 8.
The Ministry of Industry and Trade has asked rice traders to strictly maintain a reserve equivalent to at least five percent of their export volume in the six most recent months as well as enhancing efforts of price stabilisation in the domestic market amid ongoing global uncertainties.
The Vietnam Flour Corporation (Vikybomi) has created new food products made from wheat flour and farm produce such as dragon fruit and watermelon amid a reduction in fruit exports to China.
As COVID-19 control and prevention ramps up, a report from the General Department of Vietnam Customs (Vietnam Customs) showed that import-export value reached 37.1 billion USD in February - 0.5 percent higher than January.
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