Vietnam and the US have reached an agreement on illegal logging and timber trade that will avoid hefty tariffs on Vietnamese timber exports, according to the Vietnamese Ministry of Agriculture and Rural Development (MARD).

Non-state sector became the main driver of Ho Chi Minh City’s foreign trade during the first nine months of this year, with its exports and imports increasing 3.5% and 39.7%, respectively, according to the municipal statistics office.

The Trade Remedies Authorities of Vietnam has recommended domestic enterprises to prepare legal knowledge and resources to deal with potential lawsuits from export markets, particularly in the Association of Southeast Asian Nations (ASEAN).

VOV.VN - There are bright prospects ahead for Vietnamese coffee exports to the Nordic market, particularly as tariffs on coffee beans have been slashed to 0% under the provisions of the EU-Vietnam Free Trade Agreement (EVFTA), according to the Vietnamese Trade Office in Sweden.

Vietnam could achieve trade balance, or even a trade surplus this year, deputy head of the Ministry of Industry and Trade’s Agency of Foreign Trade Tran Thanh Hai told a regular press conference of the ministry in Hanoi on September 30.

VOV.VN - State President Nguyen Xuan Phuc on September 30 received newly accredited ambassadors of Uruguay, Finland and Austria who presented their credentials to the president.

The Vietnam Trade Office in Morocco, also in charge of Benin, has warned Vietnamese exporters in general and those engaged in beverage export in particular, to seek full information about importers before conducting transactions with partners from Benin to avoid being a victim of fraud.

Vietnam’s trade turnover in the first nine months of this year reached US$483.17 billion, a year-on-year increase of 24.4%, according to the General Statistics Office.

The People's Committee of Khanh Hoa province and the administration of St. Petersburg city of Russia held a webinar on September 29 to promote cooperation between the two localities.

Sacombank has won two awards, the ‘Vietnam Domestic Trade Finance Bank of the Year’ and ‘Vietnam Domestic Technology and Operations Bank of the Year,’ from The Asian Banking and Finance magazine.