Foreign trade

Vietnamese tra fish (Pangasius) has become the main choice among the white-fleshed fish species that Brazil imports from around the world, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam's shrimp export turnover is estimated at nearly 2.8 billion USD in the first nine months of this year – the highest among aquatic products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

HÀ NỘI — Việt Nam’s import-export value is likely to touch the US$800 billion mark by year-end, far exceeding a record of $732 billion seen in 2022, economic expert Định Trọng Thịnh has said.

Vietnam is currently one of Cambodia's three largest trading partners, with bilateral trade turnover continuing to grow rapidly by 21.9% year-on-year to US$5.8 billion up to the end of the third quarter of this year, according to the latest statistics from the Cambodian Ministry of Economy and Finance.

The northern province of Tuyen Quang held a ceremony on October 11 to export the first shipment of agricultural produce under the One Commune, One Product (OCOP) programme to the United Kingdom.

Green export is an irreversible trend and businesses are forced to grasp this trend to maintain growth rate and market share to participate in the “game” globally.

HANOI – The US Department of Commerce (DOC) has issued preliminary anti-subsidy findings in an investigation concerning solar panel imports from Vietnam, announced the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.

Tunis – The Vietnam Trade Office in Algeria and Tunisia last week coordinated with the Tunisian Union of Industry, Trade and Handicrafts (UTICA) to organise a conference to connect Vietnamese businesses and their peers in in Tunis.

HANOI - Revenue from import-export activities hit 578 billion USD in the first nine months of 2024, a rise of over 16% year on year, according to the General Statistics Office (GSO).

According to the Vietnam Trade Office in India, at the end of September, India officially lifted the ban on exporting regular white rice (non-basmati), with a condition of a floor export price of 490 USD/tonne. This decision will impact the world rice market in general and Vietnam's rice export market in particular in the coming time.

The United States Department of Commerce (DOC) has officially initiated an anti-dumping and countervailing duty investigation into corrosion-resistant steel (CORE steel) imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) has reported.

Vietnam earned 46.28 billion USD from exporting agricultural, forestry and fishery products, while spending 32.42 billion USD importing them in the first nine months of 2024, up 21% and 7.5% year-on-year, respectively.

Ho Chi Minh City - Vietnam’s fishery exports reached 866 million USD in September, bringing the total for the first nine months of 2024 to 7.16 billion USD, a year-on-year increase of 8.5%, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.

The official visit to France by Party General Secretary and State President To Lam and his attendance at the 19th Francophonie Summit are expected to give a boost to the bilateral economic, trade, and investment ties.

HÀ NỘI — The US Department of Commerce (DOC) has initiated administrative reviews on three Vietnamese exports currently subject to anti-dumping duties, according to the Trade Remedies Authority of Việt Nam.

HANOI – Vietnam’s exports are expected to thrive in the remaining months of the year thanks to local businesses' concerted efforts and robust results during the January – September period, according to insiders.

The Mekong Delta, especially Đồng Tháp Province, is known for its strong potential for crocodile farming. Recently signed agreements between Việt Nam and China have created significant opportunities for the crocodile industry, promoting sustainable and steady growth.

The Trade Remedies Authority of Vietnam has received notification from Turkey’s Directorate General of Imports (DGI) regarding its conclusion in an anti-circumvention investigation on solar panel imports from Vietnam.

The upcoming state visit to Ireland by General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam, his spouse and a high-ranking delegation of Vietnam is expected to open a new door for the two countries’ trade cooperation, according to insiders.

HANOI – Vietnam's fruit and vegetable exports are projected to see continued strong growth in the remaining months of the year, helping the sector to achieve its goal of 7 billion USD in export revenue.

HÀ NỘI — Cashew nuts are one of the exports which have created a large market for Việt Nam, however the industry faces the risk of trade deficit due to higher raw material prices.

HANOI – The State visit to Mongolia by Party General Secretary and State President To Lam is expected to open up new avenues for businesses in both countries to expand their partnerships and explore investment opportunities.

HCM CITY — Green growth and sustainable development are now inevitable trends for Vietnamese rubber enterprises to increase exports and competitiveness in export markets.

In the first half of September 2024, the trade turnover of key agricultural, forestry, and fishery products was estimated at $1.48 billion, with exports reaching $1.03 billion and imports totalling $448 million.

The move is based on allegations that these products are avoiding anti-dumping taxes that South Africa has already imposed on similar goods from China.

Vietnamese coal exports hit a record high in August with 90,060 tonnes shipped abroad for US$18.98 million, up 65.4% in volume and 6.3% in value compared to the same month last year, the General Department of Vietnam Customs reported.

Despite encouraging growth amid a volatile global economy, the timber industry faces significant challenges from market dynamics and natural disasters in the final months of 2024.

Vietnam and Indonesia are committed to quickly formulating an Action Program for 2024-2028, aiming to increase bilateral trade to US$18 billion by 2028, heard a joint business forum in Ho Chi Minh City on September 26.

The domestic producers allege that wood fibre board products from Thailand and China are being dumped into the Vietnamese market, causing significant harm to local manufacturers.