Foreign trade

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.

The Ministry of Industry and Trade (MoIT) has issued a decision on the final review results of imposing anti-dumping measures on some aluminum products originating from China.

Vietnam has won the bid to export nearly 60,000 tonnes of rice to Indonesia during its September bidding for the import of 450,000 tonnes.

According to Vinafruit, the total area of fruit cultivation nationwide has expanded significantly, reaching nearly 1.25 million hectares in 2023, a 1.6-fold increase from 10 years ago.

The opening nine months of the year witnessed timber and wood product exports reach US$12.15 billion, up 17.2% year on year, thereby making the products among the country’s top export items.

The European-American Market Department of the Ministry of Industry and Trade on Monday held a forum in HCM City focused on harnessing opportunities from the Việt Nam-EU Free Trade Agreement (EVFTA) and logistics industry changes to boost Việt Nam's exports to the EU market.

(VEN) - Vietnam and the US are actively finalizing procedures to open the market for a wider range of products, including oranges, tangerines, plums, and seedless lemons, promising great benefits for the agricultural sectors and consumers of both countries.

The export price of Vietnam’s Robusta coffee beans in the first half of September increased sharply and far exceeded the export price of Arabica coffee beans by nearly US$1,000 per tonne, according to the Vietnam Coffee and Cocoa Association (VICOFA).

HCM City – Vietnam and Belarus have complementary economic advantages and great potential to promote their trade ties, according to participants at the Belarus - Vietnam Business Forum held in Ho Chi Minh City on September 23.

With pangasius exports soaring by 9% to reach nearly US$1.3 billion during the initial eight months of the year, Vietnam is likely to achieve the set target of earning US$2 billion from the export of the fish this year, according to the General Department of Vietnam Customs.

According to the Vietnam Fruit and Vegetable Association (VINAFRUIT), from September 1 to September 20, 2024, Vietnam's fruit and vegetable exports were estimated at 920.380 million USD, up 9.1% over the previous month and up 37.9% over the same period in 2023.

According to data from the General Department of Customs, Việt Nam's exports to the Philippines in the first eight months of 2024 amounted to US$4.07 billion, up 17 per cent year-on-year.

Vietnam’s rubber exports topped 1.7 billion USD in the first eight months of 2024, statistics show.

The United States Department of Commerce (DOC) issued its final conclusion on September 20 on the first review of the anti-dumping and countervailing duty order on laminated woven sacks imported from the Vietnamese market, according to the Trade Remedies Authority of Vietnam (TRAV).

HANOI – The state visit to Cuba by Party General Secretary and State President To Lam next week is expected to further strengthen the two countries’ bilateral relationship, fostering their sustainable trade development.

HANOI – The US has announced the launching of a sunset review concerning the anti-dumping duty orders on uncovered innerspring units from Vietnam, according to the Ministry of Industry and Trade (MoIT)’s Trade Remedies Authority of Vietnam (TRAV).

Vietnam could earn 300 million USD from shipping frozen durian to China on the back of the signed protocol on plant quarantine requirements for the product between the two sides, Director of the Plant Protection Department (PPD) under the Ministry of Agriculture and Rural Development Huynh Tan Dat said on September 19.

A total of eight Tra fish (pangasius) exporters from the nation have been exempt from anti-dumping tax, following the latest review carried out by the US Department of Commerce and the tax was imposed on frozen pangasius imports, according to information given by the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam exported 12,133 tonnes of pepper worth US$63.7 million during the opening eight months of the year, representing a rise of 97.5% in volume and 151.8% in value on-year, according to the General Department of Vietnam Customs.

KD Trading partnered with ST25 producers to import the rice to Canada after thorough market research.

The past eight months of the year witnessed two-way trade between Vietnam and the United States reach US$87.7 billion, with strong growth recorded in both exports and imports.

HANOI – The import-export turnover between Vietnam and China reached nearly 130.8 billion USD in the first eight months of this year, according to the latest statistics from the General Department of Customs.

HANOI - Vietnam saw a gradual recovery of seafood exports during the first eight months of this year, both in terms of demand and price.

Australia’s agriculture, fisheries and forestry exports to Việt Nam reached A$3.7 billion (US$2.5 billion) during 2023-24, with a growing trade in stone fruit.

Việt Nam exported 6.16 million tonnes of rice in the first eight months of this year, up 5.9 per cent over the same period last year, the Ministry of Agriculture and Rural Development (MARD) has said.

HANOI – Despite market recovery, the wood industry needs to overcome formidable challenges to realise the export revenue target of 15.2 billion USD for the whole year, according to insiders.

HÀ NỘI — Prime Minister Phạm Minh Chính received Indonesian President-elect Prabowo Subianto in Hà Nội on September 14, during which he proposed Indonesia soon sign a rice trade cooperation agreement with Việt Nam.

Vietnamese agro-forestry-fisheries exports to the United States surged by nearly 31% to reach US$8.5 billion during the first eight months of the year, according to the Ministry of Agriculture and Rural Development (MARD).