The Ministry of Industry and Trade (MoIT) has set a target of 6% export growth in 2025 as global inflation has cooled down and international market demand recovers.
State budget collection from import and export activities surged 14.5% year-on-year to nearly VND346.3 trillion (US$13.7 million) in the first 10 months of 2024, reaching 92.3% of the annual target, the General Department of Vietnam Customs reported on November 7.
Revenue from import-export activities hit US$578 billion in the first nine months of 2024, a rise of over 16% year on year, according to the General Statistics Office (GSO).
Ongoing tension in the Red Sea has hiked freight rates and increased the possibility of delays, warned the Ministry of Industry and Trade.
VOV.VN - Although Vietnamese import and export activities in 2023 have yet to record a strong recovery, the decline has narrowed significantly, a factor which will serve as a premise for prosperity in the year ahead.
Customs clearance for import-export activities through the Na Nua – Nahua border gate pair in Vietnam’s northern Lang Son province and China’s Guangxi province was resumed from December 14 after a nearly-four-year halt due to the COVID-19 pandemic.
VOV.VN - Vietnam and India have agreed on a host of measures aimed at promoting trade exchanges, including co-ordinating to solve problems and difficulties, thereby facilitating import and export activities of both nations’ enterprises.
Through the case of the 76 containers of cashew nuts falling into problems in Italy last year and five containers of peppercorns, cashews, cinnamon and star anise in the UAE this year, it can be seen that the delivery of documents to an unauthorised person at the buyer's bank is a loophole in the international trade activities.
The number of enterprises exporting goods to China via Mong Cai International Border gate in the northeastern province of Quang Ninh increased to 694 in the first half of this year, 70% higher than that of the same period last year.
In the post-pandemic recovery period, domestic businesses continue to face difficulties in implementing policies related to import-export activities, requiring prompt solutions, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Hoang Quang Phong said on March 2.