Vietnam has long treasured the substantial benefits of free trade, particularly amidst the formidable challenges posed by global trade protectionism which is currently threatening bilateral and multilateral trade deals, Prime Minister Nguyen Xuan Phuc has said.
Prime Minister Nguyen Xuan Phuc requires ministries, sectors and localities to reform their institutions, simplify administrative procedures, cut costs and remove barriers to export.
Ho Chi Minh City’s exports in the first eight months of 2018 hit US$24.6 billion, an increase of 6% from the same period last year, reported the municipal Department of Industry and Trade on September 4.
Vietnam’s tea exports in the first eight months of 2018 dropped 10.1% year on year in volume to 81,000 tonnes, and 7.4% in value to US$133 million, according to the Ministry of Agriculture and Rural Development (MARD).
The domestic cement industry achieved impressive results in exports over the first eight months of this year to reach the target for the whole year.
Vietnam spent US$5.71 billion importing over 8.6 million tonnes of petroleum over the eight months of this year, up 26.4% year-on-year.
Tra fish (pangasius) exports are likely to surpass US$2 billion for the first time this year, presenting an opportunity for Vietnam’s aquatic product exports to realise or even exceed its yearly goal of US$9 billion.
VOV.VN - Vietnam’s rice exports are likely to continue their vigorous growth in the late months of the year as the demand from China, the Republic of Korea (RoK), the Philippines and African countries is increasing.
Export revenue of aquatic products in August hit US$739 million, pushing total earnings in the first eight months of 2018 to US$5.5 billion, up 5.3% year on year, reported the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s export turnover from glass and glass products reached US$592.8 million in the first seven months of 2018, representing a year-on-year increase of 6.1%, according to the General Department of Customs.
Identifying HCM City’s typical export products should not be based simply on their export volume or value or subjective decisions, but on careful analysis, experts have said.
Vietnam misses many opportunities to export farm produce because of food safety requirements set by import countries.
Vietnam spent more than US$2 billion on importing cotton in the first eight months of 2018 – the biggest-ever spending of the garment and textile sector.
The agro-forestry-fishery sector raked in US$3.13 billion from exports in August, raising the total value in the first eight months of this year to US$25.7 billion, up 7.3% year-on-year.
Vietnam’s vegetable and fruit exports in August this year is estimated at US$346 million, pushing the total revenue in the first eight months of this year to US$2.7 billion, up 14.1% over the same period last year.
Vietnam’s total import-export value in the first eight months of this year reached more than US$308 billion, a year-on-year rise of 13%, according to the General Department of Vietnam Customs.
A newly-issued circular on foreign exchange management is expected to promote border trade between Vietnam and China.
Vietnamese SMEs are using e-commerce to export products at reasonable costs.
Ho Chi Minh City’s Investment and Trade Promotion Centre will organise the second HCM City Trade-Service-Tourism Promotion Conference in Savannakhet, Laos, in October to help Vietnamese businesses tap the Lao market and enhance co-operation between the two countries, a workshop heard on August 28.
Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan has expressed his wishes that New Zealand (NZ) makes it easier for Vietnamese goods, including those from Ho Chi Minh City, to access its market.