VOV.VN - The United States Department of Commerce (DoC) on May 24 launched an investigation into wooden cabinets imported into the US from both Vietnam and Malaysia, reported the Trade Remedies Authority of Vietnam (TRAV).

Vietnamese enterprises are facing rising costs in fuels and materials for production due to the ongoing Russia-Ukraine conflict, experts have said.

VOV.VN - The import-export value of foreign direct investment (FDI) firms reached US$187.3 billion during the five months of the year, representing a year-on-year rise of 14.3%, with exports growing by 13.3% to US$98.8 billion, according to the General Department of Vietnam Customs.

Cargo throughput across seaports nationwide hit 241 million tonnes in the first four months of 2022, rising 2% year-on-year, according to the Vietnam Maritime Administration.

The Ministry of Industry and Trade has decided to remove anti-dumping duties on coated steel imports from the Republic of Korea (RoK) and China after five years of imposing the duty.

VOV.VN - Japan imported more than 1,500 tonnes of bananas from Vietnam worth JPY166 million (US$1.3 million), a year-on-year rise of 38.5% in volume and 30.2% in value, reports Japan Customs.

Over-reliance on input material imports, small production value and outdated technology were among the major weaknesses of Vietnam's steel industry, said a recent report by the Ministry of Industry and Trade.

Up to 89% of the imports in the first four months of this year are raw materials and accessories for domestic production with a combined value of US$106.6 billion, up 16.8% year-on-year, according to the Ministry of Industry and Trade.

Tight timber supply, coupled with transport delays, has been holding back furniture manufacturers, exposing the need for domestic substitution for imported timber.

VOV.VN - Vietnam posted a trade surplus of US$1.07 billion in April, bringing the total in the first four months of this year to US$2.53 billion, according to the General Statistics Office (GSO).