VOV.VN - Exports of wood and timber products are estimated at US$642 million in July, bringing the total export value for the first seven months of the year to US$4.8 billion, a year-on-year rise of 11.6%, according to the Agro Processing and Market Development Authority (AgroTrade).

VOV.VN - Vietnam shipped an estimated 382,000 tons of rice valued at US$195 million in July, bringing the total rice exports for the first 7 months of the year to 3.9 million tons worth nearly US$2 billion, up 12.2% in volume and 29.2% in value, according to the Processing and Market Development Authority (AgroTrade).

A Vietnam-Argentina business forum took place in Hanoi on July 31 as one of the activities during the official visit to Vietnam by Argentine Minister of Foreign Affairs and Worship Jorge Faurie.

Vietnam’s garment-textile export turnover is expected to hit US$18.5 billion in the second half of 2018, bringing the year’s export value to US$35 billion, US$1 billion higher than the target set for the year, heard a press conference in Hanoi on July 30. 

Vietnam gained a trade surplus of US$3.1 billion in the first seven months of this year, reported the General Statistics Office (GSO).

The Vietnamese Embassy in Algeria held a meeting to introduce potential for bilateral cooperation and trade and investment ties between the two nations in Médéa province on July 30.

The export turnover of agro-forestry-fishery products in July was estimated at US$2.85 billion, bringing the total value in the first seven months of 2018 to US$22.2 billion, a year-on-year rise of 7.8%.

Earnings from vegetable and fruit exports in the first seven months of the year are estimated at US$2.3 billion, a year-on-year surge of 12.6%, according to the Ministry of Agriculture and Rural Development’s Processing and Market Development Authority (AgroTrade).

Analysts have advised wooden furniture manufacturers to focus on developing certified woodwork with clear origin and to diversify import sources.

The Binh Duong Customs Department has announced that it has defined two key tasks to collect import and export taxes of VND12.9 trillion (roughly US$562 million) as assigned by the Ministry of Finance for this year.

Prime Minister Nguyen Xuan Phuc suggested further boosting economic, trade and investment ties between Vietnam and the US city of Los Angeles during a reception for its Mayor Eric Garcetti in Hanoi on July 28. 

VOV.VN - The US has been one of Vietnam’s leading trade partners for more than ten years, said Le Hoang Tai, deputy head of the Trade Promotion Agency, while attending a seminar in Hanoi on July 27 to help Vietnamese businesses access the latest information, new policies and mechanisms and seek opportunities in the US.

Although the US is deemed a promising market for exporters, it also sets very strict import regulations. For this reason, Vietnamese enterprises are urged to improve their capacity and shake hands with others to develop supply chains to make inroads into this market.

Vietnam has surpassed Malaysia to become the biggest trade partner of China in ASEAN, Hu Suojin, Trade Counsellor of the Chinese Embassy in Vietnam, said at a press conference in Hanoi on July 26.

Vietnamese seafood companies need to work harder to realise the export target of US$10 billion set by the Ministry of Agriculture and Rural Development (MARD) when oversea shipments in during January-July were estimated at only US$4.66 billion.

Business associations have voiced their support for stricter management of scrap imports, but they also underlined the need to continue importing these goods to serve domestic production.

VOV.VN - The US-China trade war will force agricultural products from the world’s two most powerful economies to seek new markets which could lead to a flood of cheap products coming into Vietnam, putting considerable pressure on domestic farm produce.

VOV.VN - Around 106 businesses will have their products displayed across 150 pavilions at the Zhejiang Export Fair set to take place at Saigon Exhibition & Convention Center (SECC) in Ho Chi Minh City from August 2-4.

Ho Chi Minh City’s 2018 spending on Chinese imports has exceeded US$8.1 billion to date, an increase of more than US$2.4 billion from the same period last year.

VOV.VN -According to the statistics from the General Department of Customs, Vietnam imported nearly 27,000 tonnes of meat and meat products worth US$38.68 million in June, a decline of 9.5% in volume and 9.2% in value compared to May.

A fair on “One commune one product” (OCOP) and hi-tech agriculture in the northern midland and mountainous region will be held in Thai Nguyen province from August 31 to September 6.

VOV.VN - Japan considers Vietnam a potential food export market, according to the Japan External Trade Organization (JETRO).

The US remained Vietnam’s largest export market with a value of nearly US$21.6 billion as of mid-July, accounting for 19% of the total.

Bright signs have been seen in two-way trade between Vietnam and the Czech Republic, as the two countries’ import-export turnover in the first five months of this year reached nearly US$464.5 million, up 15.6% from the same period last year.

Japanese consumers’ demand for Vietnamese processed chicken will open up more opportunities for Vietnam’s animal husbandry sector, according to experts. 

The Canada Border Services Agency (CBSA) has launched an investigation into whether or not carbon steel welded pipes from Vietnam, the Philippines, Pakistan, and Turkey are being sold at unfair prices in the northern American country.

Fruits and vegetables may earn the country US$4.7 billion this year, according to the Ministry of Agriculture and Rural Development. 

Vietnam’s exports of agricultural products are expected to face more challenges by the end of the year, so enterprises must follow market developments at home and abroad and improve the quality of their products, according to experts.

Doosan Heavy Industries Vietnam Co.’s (Doosan Vina) first batch of seawater desalination equipment left Dung Quat port for Saudi Arabia on July 19.

Vietnam will see great momentum for stronger export growth in the second half of 2018, with its export-import turnover estimated to reach the US$500 billion benchmark by 2019.