Foreign trade

In June, the Vietnam Trade Office in Pakistan mobilised and directly led a delegation of Pakistani businesses to participate in the 2024 International Supply Chain Connection event in Ho Chi Minh City.

HANOI - The official visit to Russia by National Assembly Chairman Tran Thanh Man, which will see the top legislator co-chairing the third session of the Vietnam-Russia Inter-Parliamentary Cooperation Committee, is expected to create new momentum for bilateral trade – a highlight in the two nations’ relationship since they established diplomatic ties in 1950.

Hanoi – Fresh coconuts, a burgeoning contributor to Vietnam's agricultural exports, are poised to make a substantial impact on the nation's economy through increased shipments to China, according to officials.

Vietnam earned US$6.3 billion from exporting aquatic products during the opening eight months of the year, an annual rise of 9%, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam's fruit export revenue hit US$4.63 billion in the first eight months of 2024, representing an increase of 30.6% compared to the same period last year, thanks to the opening of several key markets.

Vietnam’s total import-export revenue hit US$511.11 billion in the first eight months of the year, representing a year-on-year rise of 16.7%, the General Statistics Office (GSO) said on September 6.

Vietnam has racked up a trade surplus of nearly US$15.5 billion, with total import and export turnover by mid-August reaching US$473 billion, up nearly 17% year on year, according to the General Department of Vietnam Customs.

Vietnam has imposed an anti-dumping duty on polyester filament yarn imports from India, Indonesia, Malaysia and China, according to the Trade Remedies Authority of Vietnam at the Ministry of Industry and Trade.

Hanoi - Vietnam exported 6.16 million tonnes of rice in the first eight months of this year, up 5.9% over the same period last year, the Ministry of Agriculture and Rural Development (MARD) has said.

The United States surpassed China to become the largest export market for Vietnam’s agricultural, forestry, and fishery products in the first eight months of this year, according to the Ministry of Agriculture, Rural and Development (MARD).

Instead of traditional markets, textile and garment enterprises are striving to seek new markets for their products to diversify their market and increase profits.

With Vietnamese passion fruit to be licensed to enter the United States shortly, the export of this fruit to this market is expected to bring back between US$50-100 million, according to industry insiders.

Vietnam has recorded US$11.8 billion in agro-forestry-fisheries trade surplus over the first eight months of 2024, surging 68.4% year on year, reported the Ministry of Agriculture and Rural Development (MARD).

Border import and export activities have been relatively brisk, with import and export turnover through major border gates nationwide seeing constant growth.

(VEN) - Tariff preferences under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have given a significant boost to Vietnamese seafood exports to Australia.

HÀ NỘI — Việt Nam’s passion fruits are moving closer to gaining certification to enter the US market after the two countries reached an agreement on technical requirements.

Hanoi - Electronics export has witnessed vigorous recovery, posting double-digit growth over seven and a half months and expected to hit 130 - 132 billion USD in 2024.

Vietnam was the second largest provider of whitefish, mainly tra fish (pangasius), to the United- States during the first half of the year, with turnover reaching US$184 million, accounting for 21% of total US import turnover of the product, according to details given by the Vietnam Association of Seafood Exporters and Producers (VASEP).

With local businesses taking full advantage of various free trade agreements (FTAs), the leather and footwear industry is projected to fulfill the export goal of between US$26 billion and US$27 billion this year, according to details given by insiders.

HÀ NỘI — The Việt Nam Coconut Association has forecast that coconut exports will hit US$1 billion this year, driven by the signing of a protocol for official export of fresh coconuts to China.

HÀ NỘI — Việt Nam's wood and timber exports are projected to reach US$20 billion by 2025 and $25 billion by 2030.

Hanoi - China’s allowance of Vietnam's frozen durian, fresh coconut and crocodile exports is expected to brighten up the outlook of exports to the country.

As per Decision No 2226, the allocation of import tariff quotas for sugar (HS code 17.01) this year, totaling 126,000 tonnes, will be conducted through auctions carried out in September.

Vietnamese timber and wood product exports from January to August 15 surged by 24% to reach US$9.5 billion against the same period from last year, according to the General Department of Vietnam Customs.

Accounting for over 7% of the market share, the nation currently makes up the world's third largest seafood exporter, behind only China and Norway, according to industry insiders.

Fruit and vegetable exports grossed more than US$700 million in August alone, bringing total export value to an estimated US$4.58 billion during the eight-month period.

Vietnam recorded a trade surplus of US$15.5 billion in a period from January 1 to August 15, according to the General Department of Customs.

Beijing – China's Ministry of Commerce (MOC) will take a series of measures to improve and upgrade the Vietnam-China economic and trade cooperation, its spokesperson He Yadong has told a regular press conference.

Hanoi - Vietnam's rice export prices have reached the highest levels globally, surpassing those of Thailand, Pakistan, and other major exporters, the Vietnam Food Association (VFA) has announced.

SINGAPORE — The total import-export turnover between Vietnam and Singapore surged 20.91% year-on-year to more than 3.1 billion SGD (USS$about 2.3 billion) in July, according to the Vietnam Trade Office in Singapore.