The Ministry of Industry and Trade has initiated investigations into thirty trade remedies cases and applied twenty two measures to imported goods. Although Vietnam’s export of goods has improved in recent times and there is a lot of room for market expansion, there are still many major challenges, including countries conducting investigations and applying trade […]
Vietnam is currently experiencing a significant trade surplus with the US, but experts caution that its exports may face increasing challenges in the coming time. The Ministry of Industry and Trade hosted a seminar titled ‘Trade Defense: Perspectives from Investigations into Solar Panels,’ as Vietnam continues to expand its production and export of these products […]
In 2024, the three largest export markets for Vietnamese agricultural, forestry, and fishery products continue to be the US, China, and Japan. The export prospects to these countries remain very promising for 2025. According to the Institute of Policy and Strategy for Agriculture and Rural Development, the US market’s seafood demand, especially for shrimp and […]
Market expansion and diversification is the export development strategy that Vietnam is pursuing. With over 60 countries and territories having signed FTAs with the country, the door to major markets is truly wide open. Late 2024 marks a period when export enterprises are busy with existing orders and preparations for the new year. International Sales […]
As the year draws to a close agricultural businesses across Việt Nam are prioritising the fulfilment of export orders, showcasing the nation’s strength in farming and agricultural production. Nguyễn Đình Tùng, chairman and general director of Vina T&T Group, one of Việt Nam’s leading fruit exporters, told Việt Nam News that the company has been […]
Vietnam needs to focus on specific goals to effectively address key challenges in implementing new-generation FTAs, in order to take advantage of existing opportunities and overcome some limitations, thereby promoting economic recovery and sustainable development. It can be seen that after the COVID-19 pandemic, the economyworldis gradually recovering, but still facing many difficulties, slowing growth […]
Vietnam’s pangasius, a billion-dollar export, thrives in China but now faces significant competition from domestically produced snakehead fish. Vietnam’s pangasius industry, valued at over $1 billion annually, is navigating both success and challenges in China, its largest market. In the first 11 months of 2024, pangasius exports reached $1.8 billion, a 10% increase from the […]
Vietnam’s import-export value is projected to reach nearly 800 billion USD by the end of 2024, bringing the 1 trillion USD target for 2025 within reach. This ambitious goal requires businesses to accelerate preparations to ensure export goods meet the standards and regulations of importing countries. Immediate challenges Dr Nguyen Quoc Viet, Deputy Director of […]
The cashew industry had to spend more than $3 billion to import raw cashew nuts for processing export products in the first 11 months, in order to gain an export revenue of $3.98 billion. Việt Nam’s cashew industry still has to import huge volumes of raw cashew nuts for processing export products, although the sector […]
The United States overtook China as the largest importer of Vietnam’s agro-forestry-fishery products between January and November, heard an export promotion conference held in Ho Chi Minh City on Monday. The U.S. accounted for 21.7 percent of Vietnam’s total agro-forestry-fishery exports during the 11-month period, followed by China (21.6 percent) and Japan (6.6 percent). Speaking […]
According to the Vietnam Tea Association, Vietnam is currently the fifth largest tea producer and exporter in the world. However, Vietnam’s average tea export price is only 65% of the leading tea-exporting countries’ average price and 55% of that of India and Sri Lanka. Therefore, improving product quality to create a new export identity is […]
Vietnam grossed over US$31 million from exporting scallop products during the ten-month period, up 206% on-year, with the US being the country’s largest export market, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Vietnamese scallop products have been exported to 20 markets worldwide, with the US, Denmark, and Japan representing the three […]
Coffee prices have increased by over 50% on average this year, enabling the export revenue to potentially surpass US$5 billion for the first time. Đỗ Hà Nam, Vice President of the Vietnam Coffee and Cocoa Association (VICOFA) and Chairman and CEO of Intimex Group, considered 2024 as a special year for the coffee industry as […]
Countries like Vietnam and Malaysia are navigating the complexities of geopolitical tensions by maintaining neutrality between United States and China-aligned blocs, enabling them to attract diverse investments and strengthen their role in global supply chains. Kearney, a top global consulting firm, in collaboration with the World Economic Forum, released a report on December 10 titled, […]
The global garment and textile industry is undergoing a significant shift as regulations aimed at sustainability reshape the sector. From California’s SB 707 law mandating producer responsibility for textile waste, to the European Union’s stringent Extended Producer Responsibility (EPR) programmes, stakeholders across the supply chain are grappling with new environmental and social benchmarks. Việt Nam, […]
Businesses in Vietnam’s strong sectors like agriculture and aquaculture have seen relatively limited benefits from FTAs. While Vietnam has benefited from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), domestic businesses, especially in agriculture and aquaculture, have yet to fully capitalize on opportunities to integrate into global supply chains. According to Ms. Nguyen Thi […]
According to the World Trade Organisation (WTO), Việt Nam has advanced significantly in import-export rankings and now stands second in ASEAN, trailing only Singapore. From being a minor exporter prior to 2013, Việt Nam rose to number eleven in the global rankings of top exporters by 2023, emerging as a surprise player in global trade. […]
The import of fruits and vegetables from several markets, particularly the US, to Việt Nam surged significantly in the first 10 months of 2024. In the first ten months of 2024, Việt Nam’s fruit and vegetable imports reached nearly US$1.87 billion, marking a 15.7 per cent increase year-on-year. The surge in imports came from the […]
Vietnam currently is the third largest seafood exporter in the world. The European Union (EU) always demands abundant resources due to the average consumption of around 22 kilograms of seafood per capita. If Vietnam does not remove the European Commission (EC)’s ‘yellow card’ for local fishery products, it would not only impact exports to the […]
Vietnamese enterprises should be more active to participate in the supply chains of foreign-invested companies to leverage the benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Speaking at a symposium this morning, Deputy Head Nguyen Thi Lan Phuong of the WTO and FTA Division within the Ministry of Industry and Trade’s Multilateral […]
The safeguard duty will be effective from December 23, 2024, to December 22, 2027, in the form of an absolute tax. Indonesia has extended safeguard measures on expanded polystyrene (EPS) plastic pellets imported from Việt Nam for another three years, according to the Trade Remedies Authority under the Ministry of Industry and Trade. The extension […]
As the global supply chain becomes increasingly complex and the predicted “stricter” changes from the Trump administration in early 2025, Vietnamese businesses must make changes to optimize opportunities and operate effectively in the supply chain. Opportunities to increase exports Regarding the current opportunities and challenges of the economy for Vietnamese export enterprises, Mr. Nguyen Anh […]
Cross-border e-commerce is being embraced by more Vietnamese exporters and making up a higher proportion of total revenue. A survey conducted by the Vietnam E-commerce and Digital Economy Agency (iDEA) at the Ministry of Industry and Trade (MoIT) found that 53 per cent of businesses now also export through e-commerce platforms, while 47 per cent […]
The Vietnamese manufacturing sector remained in growth territory in November but overall business conditions improved to a lesser extent than in the previous month as slower rises in output and new orders were recorded, according to the S&P Global. According to the latest report of the firm, the S&P Global Vietnam Manufacturing Purchasing Mangers’ Index […]
According to the Vietnam Food Association (VFA), the export price of 5% broken rice from Vietnam is currently at 524 USD per tonne, higher than the same grade rice from Thailand and India by 38 USD per tonne and 80 USD per tonne, respectively. However, compared to before India lifted the ban on exporting regular […]
U.S. trade officials announced on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods. It is the second of two preliminary decisions that President Joe Biden’s Commerce Department is making this year in a […]
Việt Nam officially exports 11 types of fruits to China: durian, jackfruit, dragon fruit, banana, mango, longan, lychee, watermelon, rambutan, mangosteen, and passion fruit, along with sweet potato and black ginseng. Việt Nam has significant potential to increase fruit and vegetable exports to China via official channels, according to industry insiders. China, with a population […]
In a move that mirrors similar measures by the United States, the Government of Canada has imposed surtaxes on electric vehicles (EV), aluminum and steel from China. Such measures foreshadow potential further trade action that Canada may need to take under the Trump Administration to safeguard its privileged trading position with its southern neighbour. At […]
Vietnam’s Prime Minister Pham Minh Chinh on Wednesday urged the United States to lift export restrictions on some technology and said the country wanted to develop satellite communications. Speaking at an event in Hanoi organised by the American Chamber of Commerce, Chinh also said the two countries should keep good relations and cooperate to foster […]
Merchandise exports experience rapid surge thanks to cross-border e-commerce platforms. Cross-border e-commerce is emerging as a powerful platform for Vietnamese goods to penetrate and conquer international markets. At today’s conference on the potential and opportunities of cross-border e-commerce organized by the Ministry of Industry and Trade in Hanoi, Director Le Hoang Oanh of the Department […]
Vietnam’s export of agricultural products will continue facing many challenges due to changes in countries, according to experts. Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that the five major challenges for Vietnam’s agricultural export are rising input costs, high transport and logistics expenses, constantly changing import policies in other countries, and […]
Under Decree 66, remanufactured goods must now meet a number of criteria, including certification of eligibility and compliance with origin rules established under the EVFTA and UKVFTA. In a move to meet international trade standards and leverage the benefits of key free trade agreements, the Vietnamese government has issued stringent regulations for managing imports of […]
In early November 2024, the Philippine Department of Trade and Industry (DTI) announced the start of a preliminary safeguard investigation into cement imported from several countries, including Vietnam. The products under investigation are cement classified under the ASEAN Harmonized Tariff Nomenclature (AHTN) codes 2523.29.90 and 2523.90.00. The case was initiated by the DTI under Article […]
With its strategic geographic location near major Muslim countries, Vietnam has a huge advantage to access the Halal markets, many of which are open to importing local agricultural products. Therefore, adapting to the regulations of these markets will help businesses and cooperatives gain a competitive edge. Experts pointed out that the global Halal market, with […]
Brazil was the largest soybean supplier to Vietnam during the past ten months of this year, reaching 1.07 million tons, equivalent to nearly US$535.76 million, up 20% in volume and 0.9% in value over the same period, according to preliminary statistics released by the General Department of Customs. Throughout the reviewed period, the South American […]
Brussels and Beijing are nearing a solution over tariffs on Chinese electric vehicle imports into the bloc, the chair of the trade committee of the European Parliament told a German broadcaster. “We are close to an agreement: China could commit to offering e-cars in the EU at a minimum price,” Bernd Lange told n-tv, without […]
Oil prices could struggle in the coming years, Goldman Sachs says. The firm’s commodities analysts say Brent crude prices could drop to the low $60s per barrel by the end of 2026 if President-elect Donald Trump implements his tariff proposals, or if OPEC+ increases output through next year. That forecast marks a 20% drop from […]
Official acknowledges that implementing such measures could be challenging due to India’s free trade agreements with Japan, South Korea, Mauritius, and Asean bloc India may impose anti-dumping duties on steel imports to protect domestic producers from cheap, subsidised foreign steel, steel secretary Sandeep Poundrik said on Wednesday. “There is a genuine problem of supply glut […]
Phytosanitary deal opens up a market of 100mn consumers Peru’s plant health authority Senasa has announced that Vietnam has approved imports of Peruvian mandarins after the approval of a new phytosanitary protocol at a recent meeting with its Vietnamese counterpart. The deal gives Peruvian exporters access to a market of 100mn consumers. Negotiations are also […]
Việt Nam must diversify its textile and garment export markets, especially its heavy reliance on the US market. Việt Nam must diversify its textile and garment export markets, especially because it relies heavily on the US market, said industry insiders and experts during a recent conference in Hà Nội. The Southeast Asian country’s textile and […]
The export of this grain to Africa rose to US$692.6 million in 2021 from $411 million in 2017. Rice typically accounts for 15-20 per cent of Việt Nam’s total exports to Africa. Although Việt Nam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has […]
The U.S. International Trade Commission Commission has issued a ruling that may help Louisiana shrimpers compete on a more even playing field. The agency has determined that U.S. shrimpers are “materially injured” by imports of frozen warmwater shrimp from Indonesia, which the U.S. Department of Commerce has determined are sold in the United States at […]
The United States has decided to impose global safeguard measures on fine denier polyester staple fiber being imported into the US market from many countries, including Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV). The product with the HS code 5503.20.00 is classified under HS 5503.20.0025 or 9813.00.0520. This decision will take effect […]
The UKVFTA took effect on May 1, 2021, with a preferential tariff quota granted to Việt Nam at a tax rate of zero per cent, enabling UK buyers to have more choices of rice varieties from Việt Nam. Experts have said there remains scope for Vietnamese rice suppliers to boost exports to the UK market […]
For many years, China has been Vietnam’s largest trading partner. Trade between Vietnam and China has maintained a stable and sustainable growth momentum. Key export market In the first 9 months of 2024, the bilateral trade turnover between Vietnam and China reached nearly US$ 148.6 billion. Of which, export to the Chinese market is estimated […]
Import-export turnover between Vietnam and Russia during the first three quarters of this year reached US$3.52 billion, up 41% over the same period from last year, while many local business delegations have gone to Russia to explore the large market. According to Duong Hoang Minh, commercial counselor of the Vietnamese Embassy in Russia, many Vietnamese […]
At the same time, Nippon Steel promises American trade unions not to import slabs from foreign factories to the US The U.S. Department of Commerce (DOC) has raised import duties for Japanese steelmaker Nippon Steel after a review. This is reported by Bloomberg. According to a preliminary decision published in the Federal Register, DOC set […]
China’s steel exports have exploded higher. History suggests it can’t last. Steelmakers in the world’s biggest producer are leaning heavily on overseas sales to soak up a surplus caused by the country’s years-long property crisis. But they’re running into dumping accusations from importers and a protectionist Donald Trump will soon be back in the White […]
Cambodia exported over 790,000 tonnes of cashew nut to Vietnam in the first ten months of 2024, generating $1.110 billion in revenue, an increase of 36 percent, said an official of the Cashew Nut Association of Cambodia (CAC). Suy Kokthean, Vice President of the Cambodian Cashew Nut Association (CAC), told Khmer Times yesterday that from […]
In general, tariffs on these products from six countries have been extended The U.S. Department of Commerce (DOC) has announced the final results of the review of anti-dumping and countervailing duties on certain types of hot-rolled flat carbon steel products from China, India, Indonesia, Taiwan, Thailand and Ukraine. This is stated in the relevant reports […]
Vietnam can take the advantage of protectionist economic policies by Donald Trump, the 47th president of the U.S., to strengthen its position in global supply chains, attract foreign investment, and drive sustainable economic growth, write Dr. Tran Ngoc Mai and Prof. Dr. Doan Ngoc Thang, lecturers at the Banking Academy of Vietnam. On November 6, […]
Exports of Vietnamese agro-forestry and fishery products and industrial products to the EU in the first seven months increased 10% year-on-year. Vietnam’s export of agro-forestry and fishery products as well as industrial goods to the European Union (EU) has enjoyed many advantages this year, according to the Ministry of Industry and Trade. According to the […]
Vietnamese passion fruit having been exported to twenty countries, in many forms such as fresh fruit, frozen fruit, juice, recently Vietnamese passion fruit continues to be licensed to export to the Australian market. Thus, after mango, longan, lychee, dragon fruit, passion fruit is the 5th product of Vietnam licensed to export to the Australian market. […]
The Ministry of Industry and Trade on Tuesday announced the termination of anti-dumping duties on cold-rolled stainless steel products imported from China’s Taiwan, Indonesia, Malaysia and China. The decision was made based on the implementation of the World Trade Organisation’s regulations, the Law on Foreign Trade Management and related documents, according to the ministry. It […]
The Government has accepted the TRA’s recommendation to keep an anti-dumping measure on imports of steel ropes and cables from China. The Secretary of State for Business and Trade has today (14 November 2024) accepted the TRA’s recommendation to maintain anti-dumping duties on imports of steel ropes and cables from China, protecting the UK’s £36 […]
The General Department of Vietnam Customs (GDVC) requests provincial and municipal customs departments to implement Vietnam’s special preferential import tariffs under the Free Trade Agreement between the Government of the Socialist Republic of Vietnam and the Government of the State of Israel for the period 2024-2027 (referred to as the VIFTA) from October 15, 2024. […]
Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential market. A promising market According to the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT), Africa is an important export market for Vietnam’s rice. The […]
Export is one of the three pillars of the economy, especially when Vietnam has signed, implemented and is negotiating 19 Free Trade Agreements (FTAs). In particular, brand is an important factor to make the export path of enterprises more favorable, at the same time “marking” Vietnamese goods in the market. world. Last week, the Ministry […]
U.S. Wheat Associates (USW) and the National Association of Wheat Growers (NAWG) today praised the Office of the United States Trade Representative (USTR) for submitting a counter-notification to the World Trade Organization (WTO) on India’s domestic support, input subsidies, and market support prices for wheat and rice. This is the latest in a series of […]
The Government of Italy (GoI) and the EU have called on the Anti-Dumping Commission (ADC) to terminate its investigation into SPC Global’s allegations that Italy is dumping tinned tomatoes on the Australian market at reduced and subsidised prices, causing material injury to the local industry. GoI said it had serious concerns about the cases chosen […]
THE Department of Trade and Industry (DTI) has imposed temporary anti-dumping duties on gypsum boards or drywall from Thailand, noting that imports had affected the sole local manufacturer. In a Nov. 5 order, the DTI said that imported gypsum boards with thicknesses of 9 and 12 millimeters from Thailand were being dumped and had “caused […]
Five WTO members – Argentina, Australia, Canada, Ukraine and the US – have alleged that India provides excessive market support to wheat and rice which distorts global trade. In a communication of the World Trade Organization (WTO), these countries claimed that India’s apparent MPS (market price support) for rice appears to have been over 87 […]
The Malaysian Ministry of Investment, Trade and Industry (MITI) has initiated an administrative review of anti-dumping duties with regard to imports of cold rolled stainless steel in coils, sheets, or any other forms from Indonesia and Vietnam, according to the Trade Remedies Authority of Vietnam. The Malaysian Ministry of Investment, Trade and Industry (MITI) has […]
Việt Nam’s footwear industry is utilising the United Kingdom–Vietnam Free Trade Agreement (UKVFTA) to increase exports, according to the Việt Nam Leather, Footwear and Handbag Association (Lefaso). Phan Thị Thanh Xuân, deputy chairwoman and general secretary of Lefaso, said that in the first eight months of the year, Việt Nam’s exports of footwear to the […]
Directorate General of Trade Remedies (DGTR) has proposed anti-dumping duties on textured tempered glass imports from China and Vietnam, aiming to shield domestic manufacturers from price undercutting. Also known as solar glass, these glasses are used as a component in solar PV panels and solar thermal applications. Directorate General of Trade Remedies (DGTR) has recommended […]
As members of two free trade agreements (FTA), there remains ample room ahead for both Vietnam and Chile to increase the trade turnover, including footwear products, according to insiders. Statistics released by the General Department of Vietnam Customs indicates that Vietnam exported footwear products worth over US$103 million to the Chilean market. Under the terms […]
China’s Ministry of Commerce (MOFCOM) announced on Monday that Chinese investigating agencies decided to impose temporary anti-dumping measures against brandy imported from the EU, according to a supplementary notice released on Monday. Starting from November 15, when importing the products under investigation, importers must submit deposits or letters of guarantee to China’s customs authorities based […]
Hyundai Steel announced during its earnings conference call on Oct. 25 that it is considering filing an anti-dumping petition against hot-rolled steel sheets following the one against Chinese thick plates. This announcement comes amid a significant increase in anti-dumping petitions filed by Korean companies against Chinese firms, reflecting growing concerns over unfair trade practices and […]
At the end of October, the Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed, becoming the first free trade agreement that Vietnam has signed with an Arab country, an important premise for Vietnam to promote the export of key products to the United Arab Emirates (UAE), including key agricultural products such as seafood, rice, vegetables, […]
The US’s unique trade policies under President Donald Trump may create both opportunities and challenges for Vietnam’s seafood exports in the coming time. Opportunity for Vietnam By the end of October 10, Vietnam’s seafood exports to the US had reached 2024 billion USD, up 1,5% over the same period last year. It is estimated that […]
India recommends anti-dumping duty on solar glass imports from China and Vietnam to protect domestic producers. The duty aims to ensure fair trade practices and create a level playing field. The commerce ministry has recommended imposition of an anti-dumping duty of up to USD 677 per tonne on imports of a certain type of solar […]
The European Union has issued new regulatory regulations regarding the recognition of certification bodies and the issuance of organic certificates for imports into the EU. On November 7, the Vietnam Trade Office in Belgium and the EU said that the European Union (EU) issued new regulations related to the recognition of certification units and the […]
Vietnamese exporters are urged to strengthen their defences against trade remedy investigations while seizing opportunities from growing global demand. Vietnamese exporters are navigating a landscape filled with both promise and peril, and experts urge them to bolster their defence against trade remedy investigations while capitalising on surging global demand. Lê Anh Văn, Director of the […]
Vietnam faces trade volatility with a new Trump presidency, officials and supply chain experts told Reuters, as the country could benefit from increased U.S.-China trade tensions but may also become “collateral damage” of U.S. protectionist measures. The Southeast Asian industrial hub is a major exporter to the United States and had a $90 billion trade […]
China has lodged a formal complaint with the World Trade Organization (WTO), protesting the European Union’s decision to impose anti-subsidy tariffs on Chinese electric vehicles (EVs). In a statement, China’s mission to the WTO emphasized its strong opposition to the EU’s measures, asserting that they unfairly target Chinese-made EVs and hinder global progress toward green […]
The European Biodiesel Board (EBB) announced that the Court of Justice of the EU (CJEU) had rejected an appeal lodged by two Indonesian exporters against a judgement delivered by the European General Court in December 2022. The ruling upheld the General Court’s rejection in December 2022 of all claims from Indonesian exporters to annul the […]
Vietnam is considering restricting its VND 1million (approx €36 or $40) low value consignment relief. This exempts from VAT parcels imported from Vietnam destined for consumers. Vietnam’s National Assembly Standing Committee has highlighted the urgency of revising regulatory frameworks to align with contemporary e-commerce dynamics. The current VAT rate in Vietnam is 10%. The Ministry […]
Protectionist measures and high import tariffs have caused costs to rise in a number of industries Anti-dumping duties on flat products from China, India, Japan and the Russian Federation and high import tariffs have increased costs for consumers of these products in Turkey and are driving inflation. This opinion was expressed by Ali Eren, a […]
China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it “strongly opposes” the measures and insisted its move was designed to protect the EV industry and support a […]
Although the import and export turnover of goods slowed down in September 2024, in general, import and export activities, especially exports, still grew positively in the first 9 months of 2024. It is expected that import and export of goods in 2024 will reach a record of 800 billion USD. 30 billion-dollar export items At […]
China is the largest export market for Vietnamese agricultural products and fruits. With increasing demand, exporting agricultural products by rail to this billion-people market is a potential and promising direction. New transport method for enterprises Implementing the Regional Comprehensive Economic Partnership (RCEP) Agreement, Vietnam has now officially exported 14 agricultural products to the Chinese market, […]
South Korea and Vietnam held talks Wednesday to discuss ways to ease trade disputes and expand cooperation between the two nations, the industry ministry said. Senior trade officials met at the eighth bilateral trade remedy meeting in Seoul to share opinions on the latest trade issues and review Vietnam’s ongoing anti-dumping investigations, the Ministry of […]
Việt Nam’s key exports have been on a strong path of recovery during the first ten months of the year, as businesses double down on improving production, seeking new partners and promoting Vietnamese products in the international market. Việt Nam’s key exports are on a strong path of recovery during the first ten months of […]
China has urged France to take on “an active role” to push the European Commission toward a solution acceptable to both the European and Chinese electric vehicle industries, Beijing’s commerce ministry said on Monday, citing its minister. Wang Wentao, in a meeting with French junior trade minister Sophie Primas in Shanghai on Sunday, reiterated the […]
The Department of Trade and Industry (DTI) launched a safeguard measures investigation on cement imports to address the persistent influx of foreign cement overwhelming the Philippine market, a move commended by the Cement Manufacturers’ Association of the Philippines (CeMAP). The probe supports local cement producers who face stiff competition despite having an annual production capacity […]
Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam’s fruit export sector with many opportunities for breakthroughs in the near future. Vietnam holds the 6th position in the global coconut market in terms of cultivation area and output. With roughly […]
Vietnamese businesses need to step up the building of close relationships with partners and associations in the US. Businesses around the world are anxiously awaiting the results of the US presidential election this week because whether Republican Donald Trump or Democratic Kamala Harris wins, the government under the new president will continue to pursue international […]
Tensions between Israel and Iran escalate, tuna businesses are worried, they may have to stop export orders to the Israeli market in the last months of the year. War escalation concerns In recent years, Israel has always been Vietnam’s leading tuna export market after the US and the EU. Therefore, the recent escalation […]
Vietnam recorded a 24% year-on-year increase in exports to the US in the second quarter, ranking second in the ASEAN region after the Philippines, which saw a 35% rise, according to Nikkei Asia trade data published on its site on October 31. In the semiconductor and machinery sectors, based on World Customs Organization (WCO) […]
International press and UAE newspapers unanimously believe that the Vietnam – UAE CEPA Agreement will open up new economic cooperation paths that are beneficial to both countries. On October 28, 10, during the official visit to the UAE, Prime minister Pham Minh Chinh along with Vice President and Prime Minister of the United Arab […]
The US Department of Commerce (DOC) will not impose anti-dumping duties on aluminum extrusions imported from 14 countries and territories, including Vietnam, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. This came after the US International Trade Commission (ITC) on October 30 released its final decision on an […]
One of the bright spots in Vietnam’s economic picture in the first nine months of 2024 was its commodity export revenue of 299.6 billion USD, an increase of 15.4% over the same period last year. The results of the General Statistics Office (GSO)’s quarterly survey on production and business trends show that 83.6% of […]
After a year-long investigation, the EU has moved forward with finalising tariffs on EVs imported from China, solidifying an earlier provisional measure. These tariffs, effective from 31st October, will remain in place for five years, targeting Chinese manufacturers whom the EU Commission claims benefit from substantial subsidies provided by Beijing. Earlier in October, 10 EU […]
The US Department of Commerce (DOC) has announced that it has received a request for an anti-dumping and countervailing duty investigation on hard empty capsules imported from Brazil, China, India and Việt Nam for the pharmaceutical industry. Two Vietnamese exporters are accused of dumping products and receiving Government subsidies. The products under consideration […]
The European Commission’s decision to impose extra tariffs on China-made electric vehicles (EVs) is typical trade protectionism, a Chinese Foreign Ministry spokesman said on Wednesday, urging the European Union (EU) to refrain from further escalating trade frictions with China. The European Commission, the executive arm of the 27-nation EU, announced on Tuesday that it […]
Indonesia was Vietnam’s largest cinnamon import market in September 9 with 2024 tons, accounting for nearly 107% of Vietnam’s import structure. According to preliminary statistics from the Vietnam Pepper and Spice Association (VPSA), in September 9, Vietnam imported 2024 tons of cinnamon worth 216 million USD, down 0,5% compared to the previous month. Indonesia […]
Seafood is one of the key industries contributing significantly to Vietnam’s export turnover. In the first nine months of the year, seafood exports brought in US$7.16 billion, an 8.5% increase compared to the same period in 2023. Among the factors driving this success, aside from favorable market conditions, the effective utilization of Free Trade Agreements […]
POSCO has announced its cooperation with the government in the investigation into Hyundai Steel’s anti-dumping complaint against Chinese heavy plate, raising attention to potential government-level sanctions against China’s aggressive export practices. Chinese steel companies have been selling their surplus products at low prices, leading to a challenging period for the South Korean steel industry in […]
With the signing of the Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA), the UAE will open its doors to almost all Vietnamese products with export advantages, typically agricultural products, seafood, wooden furniture, consumer goods, etc. The Vietnam – United Arab Emirates – UAE Comprehensive Economic Partnership Agreement (CEPA) signed after just over a year of negotiations […]
Việt Nam is set to export over 8.6 million tonnes of rice in 2024 while also ranking as the third-largest importer globally. Việt Nam could export over 8.6 million tonnes of rice this year as one of the world’s leading staple food producers for more than 3.5 billion people worldwide. Meanwhile, the Southeast […]
In particular, it will apply to hot-rolled coils with a thickness of 1.2-25.4 mm and a width of no more than 1880 mm The Ministry of Industry and Trade of Vietnam has launched an anti-dumping investigation into certain types of hot rolled coils (HRC) originating from China and India. This was reported by Kallanish. […]
The United States is viewed as both the market with the most trade defence investigations into Vietnamese exports and the country with the most trade defence investigations into members of the World Trade Organization (WTO) with many other markets. Do Ngoc Hung, trade counselor and head of the Vietnam Trade Office in the US, […]
With export earnings of more than US$189.5 in the first 6 months of 2024, up 14.2% over the same period in 2023, the Ministry of Industry and Trade forecasts that exports will continue to grow positively in the second half of 2024. Many industries are accelerating In the first 6 months of this […]
To reach environmental and climate goals, the EU has imposed the ESPR (Ecodesign for Sustainable Products Regulation), commencing July 18, 2024, which is expected to have an impact on Vietnam’s key export products to the EU. According to the Vietnam Trade Office in Germany, the ESPR is a part of the key solution packages […]
Vietnam recorded a trade surplus of 14.08 billion USD in the first seven months of this year, the General Statistics Office announced on July 29. In the reviewed period, the country’s trade turnover reached nearly 440 billion USD, with exports totaling 226.98 billion USD and imports 212.9 billion USD, up 15.7% and 18.5% year-on-year, […]
Vietnam’s shrimp exports grew in the first half of this year, but the market is facing competition from other countries in the world. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first six months of this year, the shrimp export value reached about 1.6 billion USD, up 6% year […]
Việt Nam’s wood and wood product exports are expected to boom in the second half of this year amid positive signs from the global economy, according to industry insiders. According to customs figures, as of July 15 they were worth US$8.1 billion, a year-on-year increase of 23.3 per cent. The US remained the […]
Anti-dumping duties for titanium dioxide (TiO2) from China would conflict with the EU’s Green Deal objectives, social sustainability, and competitiveness Teknos expresses its sincere concern regarding the planned anti-dumping duties on the import of TiO2 from China. TiO2 is the second biggest raw material in the paints and coatings industry, and the imposition of […]
Việt Nam is continuing to promote negotiating, signing and upgrading free trade agreements with partners in potential markets, creating favourable conditions for businesses to diversify markets, supply chains and export products. To continue promoting and improving agricultural exports like rice, fruit and vegetables in a sustainable manner, businesses must access information and take full […]
The decision on Việt Nam’s market economy status, a move that could boost the country’s exports, is now expected to be announced on August 2. The US Commerce Department has delayed a decision on whether to upgrade Việt Nam to market economy status by about a week, due to the IT disruptions from the […]
Appropriate and timely trade measures, following Việt Nam’s and World Trade Organization’s (WTO) regulations, will help the domestic steel industry minimise damage caused by unfair competition practices and protect local production, said industry leaders. Earlier, the trade defence department, under the Ministry of Industry and Trade (MoIT), said it had received the detailed request […]
China’s Ministry of Commerce announced on July 22 the initiation of an expiry anti-dumping (AD) review investigation on stainless steel billets and hot-rolled stainless plates/coils imported from the European Union, the United Kingdom, South Korea, and Indonesia. The AD measures on these stainless products were imposed for five years from July 22, 2019. The […]
Garment and textile enterprises must renew technology, move toward green production and bolster trade promotion, among others, to navigate headwinds, according to insiders. Although the sector witnessed recovery since the outset of the year, with export revenue during January-April rising 7.5% year-on-year to 12.5 billion USD, challenges remain, including supply chain risks, digitalisation, circular […]
Vietnam continued to be the top source of rice in Singapore, with 73.4 million SGD (over 54.6 million USD) worth of rice shipment to the nation during January-June, a year-on-year surge of 54.67%. Statistics from the Vietnam Trade Office in Singapore showed that export turnover of glutinous rice to the city-state rose more than […]
Vietnam is the second-largest supplier of coffee to the United Kingdom (UK). The average export price of Vietnamese coffee to the UK in the first half of 2024 reached 3,941 USD per tonne, an increase of 68.4% compared to the same period last year. According to data from the General Department of Customs, Vietnam’s […]
China’s anti-dumping investigation into EU pork could have a ripple effect across the entire global market, according to analysts at RaboResearch. RaboResearch’s latest quarterly pork report concluded that an improved cost environment and resilient demand are supporting the outlook for global pork markets. It predicts that lower feed costs will support farming expansion, while […]
The European Commission soon could initiate a dumping investigation on some exporters selling into the ‘other countries’ quota for hot-rolled coil (HRC), according to multiple market sources. The ‘other countries’ quota in recent quarters has consistently filled rapidly upon resetting, and this pressure has been intensified by rising Chinese exports since August of last […]
According to the Import-Export Department – Ministry of Industry and Trade, on January 05, 01, the Government issued Resolution No. 2024/NQ-CP on signing the Second Protocol amending the Agreement to establish a Free Trade Area ASEAN – Australia-New Zealand (AANZFTA). On January 07, 25, the Minister of Industry and Trade, on behalf of the Government, […]
China’s Ministry of Commerce on Thursday expressed major concern over planned protectionist measures by the European Union (EU) in the biodiesel industry, and warned that such measures will backfire. The EU, the largest biodiesel market globally, imports biodiesel from China to meet its substantial consumption needs, which helps in achieving its green transformation and […]
Refraining from rushing, implementing steps gradually, and maintaining a clear vision are the recommendations that experts give to wood industry enterprises for successful digital transformation. Much hesitation remains With 15 years of experience supporting enterprises in implementing management systems and digital transformation, Mr. Ha Tat Thang, Director of Techworld Solutions Vietnam LLC, observes […]
Fruit and vegetable exports are expected to reach $7 billion, marking the outstanding development of the country’s agricultural industry. With a turnover of more than US$3.8 billion in the first seven months of the year and abundant supply when the harvest is about to begin, fruit and vegetable exports are expected to set a […]
According to the General Department of Vietnam Customs, by the end of June 2024, Vietnam has four markets achieving export turnover of US$ 10 billion. Four export markets are the US, China, South Korea and Japan. In particular, the US continues to be the largest export market of Vietnam with a turnover of US$ […]
Pangasius export turnover reached $918 million in the first six months of the year, a growth of five per cent over the same period last year. Citing data from the General Department of Việt Nam Customs, the Việt Nam Association of Seafood Exporters and Producers (VASEP) said that pangasius export turnover reached nearly US$172 […]
Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter. There is ample room for Vietnamese rice exports as demand in major rice importers such as the Philippines, […]
Vietnam in the first six months of this year harvested a bumper crop from its agro-forestry-fishery exports to China which is now its largest buyer in this sector. According to the Ministry of Agriculture and Rural Development, in the first half of 2024, the total export turnover of agro-forestry-fishery products reached $29.2 billion, up […]
China’s Ministry of Commerce has said that it will begin an expiration review of anti-dumping measures that target stainless steel billets and hot-rolled stainless steel plates and coils imported from the European Union (EU), the United Kingdom (UK), the Republic of Korea (ROK), and Indonesia. Other countries that will be targeted include Indonesia, the […]
The investment, trade and industry ministry is reviewing its anti-dumping legislation and plans to present it to Parliament next year, joining Indonesia in heeding concerns about cheap Chinese products hurting local businesses. The government supports protecting small and medium-sized enterprises (SMEs) from the effects of unfair trade following the large influx of cheap imported […]
Vietnamese garment and textile exports to the EU recovered slightly during the first half of the year, with turnover reaching more than US$1.9 billion in the reviewed period, according to statistics released by the General Department of Vietnam Customs. Figures indicate that garment and textile exports from Vietnam to foreign markets in the reviewed […]
In the first six months of the year, one of the bright spotsp of the Vietnamese economy is that export revenue of goods achieved positive results, estimated at 190.08 billion USD, up 14.5% over the same period. The above results are thanks to the efforts of the Government, which has drastically directed ministries, branches, […]
Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has signed a document recommending six solutions to foster imports and exports as shipping rates have continued to climb. Addressed to import-export, trade and logistics associations, the Vietnam Shippers’ Council, and the Vietnam Ship Agents, Brokers and Maritime Service Providers Association, the document outlines […]
According to statistics from the General Department of Customs, iron and steel imports to Vietnam in June reached more than 6 million tons with a value of more than 1,2 million USD, down 934% in volume and 17% in value. compared to the previous month. Accumulated in the first 6 months of the year, […]
Insiders believe in a bright prospect for durian export to China though the world’s largest durian consumer is expanding the cultivation of this fruit. China imports more than 1.4 million tonnes of durian each year. To meet the big demand, the country started piloting durian cultivation in the 1950s, but it was not until […]
According to statistics from the General Department of Customs, trade between Việt Nam and Taiwan (China) totalled $13 billion in the first six months of the year, an 18 per cent increase year-on-year. Computers, electronic products and components were the largest imports of Việt Nam from Taiwan (China), reaching a value of US$6 billion, […]
Opportunities to cooperate and promote the export of products of Central region enterprises directly into foreign distribution networks and effectively participate in the global production value chain… are assessed to have a lot of potential. Trade promotion looking for partners According to the Ministry of Industry and Trade, in recent times, the North […]
The US Department of Commerce (DOC) has ended in its entirety the probe into trade remedy tax evasion on wooden cabinets imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade. Following an investigation into the scope of products, the US side has maintained that […]
A hearing on an anti-dumping investigation into imported brandy from the EU was held at China’s Ministry of Commerce (MOFCOM) on Thursday, attended by stakeholders from 26 parties, including the EU Delegation to China, and embassies of several EU member countries including France, Spain and Italy, as well as business representatives. A Chinese expert […]
China’s Ministry of Commerce (MOFCOM) issued notice on Thursday, saying that investigating authorities will use a sampling method in anti-dumping probe into EU pork, while providing further details on the sampling plan and the preliminary sampling results for anti-dumping case involving pork and pig by-products from Europe. Given the large number of EU exporters […]
China to impose anti-dumping duties on U.S. propionic acid products China will impose anti-dumping duties on propionic acid products originating from the United States, the Ministry of Commerce said Friday. Starting Sunday, duties will be levied at 43.5 percent for all the related U.S. companies for a five-year period, according to the ministry. […]
Germany has increased the import of Vietnamese commodities in the first six months of the year in the context that it reduced imports from other markets, according to the General Department of Vietnam Customs. Statistics show that two-way trade turnover between the two countries rose 1.7% in the reviewed period to US$5.5 billion. Of […]
However, the export to Japan was down 41 per cent in volume and 53 per cent in value compared to the same period last year. Japan continued to be the largest export market of Vietnamese coal in the first six months of this year, with a volume of 56,093 tonnes valued at US$15.7 million. […]
India recently initiated a probe into a sunset review of anti-subsidy duty orders placed on copper wire rods imported from Indonesia, Malaysia, Thailand, and Vietnam, according to details given by the Trade Remedies Authority of Vietnam (TRAV). The order had been issued by the Indian Ministry of Finance which came into effect for five […]
The Institute for Development of Economics and Finance (INDEF) has warned that applying anti-dumping duties (BMAD) on seven imported commodities, including ceramics from China, may not strengthen the domestic industry but instead benefit countries like India and Vietnam through trade diversion. Andry Satrio Nugroho, Head of the Center for Industry, Trade, and Investment at […]
The U.S., facing pushback to its chip crackdown on China, has told its allies it is considering using the most severe trade restrictions available if companies continue giving the country access to advanced semiconductor technology, Bloomberg News reported on Tuesday. These measures would be applied to companies such as Tokyo Electron (8035.T), opening a […]
The Vietnam Trade Office in the Philippines said that the Philippines is a large rice consumer and one of the leading rice importing countries in the world. In recent years, the Philippines’ annual rice imports have always been high, reaching a record of 3,82 million tons in 2022. In 2023, the country’s total rice imports […]
With export earnings of more than US$16 billion, garments and textiles are one of the leading industries for export turnover in the nation, with most firms securing signed export orders by the end of the fourth quarter of this year and even until the first quarter of next year. The majority of garment companies […]
In the first six months of the year, total export turnover of agricultural, forestry and fishery products reached US $29.2 billion, up 19% over the same period in 2023. Speaking at the regular press conference in the second quarter of 2024, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that in […]
Vietnam raked in 114 million USD from tra fish export to the signatory nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as of June 15, a year-on-year increase of 10%, according to the General Department of Vietnam Customs. Mexico was the largest buyer as it spent 31 million USD on the […]
Export revenue of the leather, footwear and handbag sector is predicted to hit 26-27 billion USD in 2024 on the basis of the positive results seen so far, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO). In the first six months of this year, the sector’s exports exceeded 6.5 billion USD, up […]
According to the Ministry of Agriculture and Rural Development, in the first six months of 2024, the US continued to be Vietnam ’ s largest agricultural, forestry and fishery export market. The export value to the US accounted for 20.7%, an increase of 20.8% over the same period in 2023. This market has many growth […]
Import and export of goods in the first 6 months of 2024 continue to record positive results, total turnover is estimated at USD 369.6 billion, up 16% over the same period last year. Bright export The above information was given at a trade promotion conference with the Vietnamese trade system abroad organized by […]
The Việt Nam Trade Office in Indonesia warned Vietnamese businesses that the country may apply trade sanctions on some products, especially textiles and garments. Indonesia’s textile industry is facing a difficult period with the number of export orders decreasing and many factories closing. A large number of workers have been fired. Textiles, footwear […]
China on Wednesday said it was investigating alleged free trade barriers by the European Union (EU) on Chinese companies. The investigation by the Chinese Ministry of Commerce is a tit-for-tat probe by the European bloc’s anti-subsidy investigation on Chinese transport and green energy firms. The Chinese probe, which will run until Jan 10, […]
According to data from the General Department of Customs, in the first 5 months of this year, exports of frozen pangasius fillets to the CPTPP bloc reached nearly 89 million USD, up 6% over the same period last year, accounting for 87% of the proportion, and accounting for 15%. of the total export value of […]
The U.S. market accounts for nearly 40 percent of Vietnam’s total wood export turnover, which was heard at a seminar on greening logistics and FIATA World Congress 2025 in Hanoi on July 10. Speaking at the seminar, Vice President Ngo Sy Hoai of Vietnam Forestry and Wood Products Association (Viforest) said that Vietnam’s wood […]
The Malaysian Ministry of Investment, Trade and Industry said 14 Vietnamese companies have committed to sourcing Malaysian products, including electrical and electronics, palm oil, chemicals and petrochemicals. The Malaysian Ministry of Investment, Trade and Industry (MITI) on July 11 announced that the country has secured potential exports worth 3.3 billion RM (about US$717 million) […]
According to the Import – Export Tax Department (Ministry of Industry and Trade), Vietnam’s rubber exports in June 2024 reached about 150 thousand tons, worth 238 million USD, up 77.6% in volume and 76.6% in value. Price compared to May 2024. Cumulative rubber exports in the first six months of 2024 reached 722,000 tons, […]
A new report from Clean Energy Associates and commissioned by the American Council on Renewable Energy (ACORE) outlines how new tariffs from the latest antidumping and countervailing duty (AD/CVD) investigation on solar cells and panels could increase costs to a level that would significantly restrict solar supply and installations in the United States. The […]
Japan and Philippines’ defense pact signed on Monday seeks to counter China’s increasing aggression in the region and create deterrence that goes beyond reliance on the U.S., experts told CNBC. The “Reciprocal Access Agreement,” which comes against the backdrop of tensions between the Philippines and China over the Second Thomas Shoal in the South […]
Vietnam’s rice export prices have reached close to 1,000 USD per tonne, far exceeding the prices seen in previous years. According to the General Department of Customs, the average price of Vietnamese rice exported to Brunei rose to 959 USD per tonne in the first five months of 2024. Prices in other markets also […]
Despite being one of the main consumers of Vietnamese Tra fish (pangasius) during the first five months of this year, the EU market’s demand for pangasius imports proved to be erratic during the reviewed period. After increasing imports of pangasius from the nation by 20% in January, the EU immediately reduced imports in the […]
Seafood exports for June 2024 are estimated to have reached $875 million, marking a 14% increase compared to the same period last year and the highest monthly export value since the beginning of 2024. Lobster exports experience surge According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports for June […]
Vietnam’s export products are facing 252 trade defence lawsuits from 24 markets as of June, according to the Ministry of Industry and Trade. Those include 138 anti-dumping investigations, 50 self-defence cases, 37 anti-evasion of trade remedies and 27 anti-subsidy cases. The ministry said that the list of products facing risks of trade investigations […]
The US Department of Commerce (DOC) has issued its preliminary conclusions from the anti-subsidy investigation conducted into certain paper plates imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV). These conclusions were made after the DOC initiated a countervailing duty probe into certain paper plates with the HS code 4823.69.0040 or […]
The European Commission (EC) has extended safeguard measures applicable to imports of certain steel products from several countries, including Vietnam, until June 2026, according to details given by the Vietnamese Trade Office in European nations. The trade office stressed that Vietnam is one of the steel exporters which will be affected by the EU’s […]
The Canada Border Services Agency (CBSA) has unveiled the initiation of a review into the normal value and export price for oil country tubular goods (OCTG) originating from several countries, including Vietnam, reported the Trade Remedies Authority of Vietnam (TRAV). The OCTG products subject to review are classified according to the following HS codes, […]
Vietnam is one of the world’s leading countries in supplying spice products, with an export turnover of about 1.5 billion USD per year. Vietnamese spices are currently exported to more than 125 countries, dominating many important markets. This is an industry in which 95% of goods are exported, so it is necessary to focus on […]
A forum connecting female entrepreneurs of Vietnam, Laos and Cambodia was held in Hanoi on July 5, with discussions focusing on the green economy. Addressing the event, Bui Thi Minh Hoai, Politburo member, Secretary of the Party Central Committee and Chairwoman of its Commission for Mass Mobilisation, stressed that participating in green economic development […]
With major import markets tending to impose more stringent requirements in terms of environmental and social responsibility, Vietnamese firms need to have strategies and plans to quickly switch to green manufacturing to sustain exports, heard a recent conference in Ho Chi Minh City. Ho Thi Quyen, Deputy Director of the Investment and Trade Promotion […]
Vietnam is promoting negotiations on the Free Trade Agreement (FTA) with the Southern Common Market (Mercosur) to leverage it as a driving force for exploring export markets in Latin America. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Mercosur was established in 1991 and includes Argentina, Brazil, Paraguay, and Uruguay. Mercosur […]
Consultancy predicts growth to slow in global gross domestic product this year on back of increasing geopolitical tensions The increasing trend towards trade protectionism globally poses one of the chief threats to Ireland’s economic outlook, KPMG has warned. In its latest economic commentary, the consultancy warned that armed conflict and trade tensions are […]
The Ministry of Transport has just issued a price framework for container loading and unloading services at Vietnamese seaports according to each port area. Accordingly, as to domestic services, the price of loading and unloading containers with goods from ships (barges) to the port yard are VND260,000 – 427,000 (US$10.2-16.8) /20-foot container and VND439,000 – […]
In many of these cases, Vietnamese enterprises find themselves at a disadvantage, unable to adequately protect their rights due to shortcomings in negotiation and contract execution processes. That was heard at a conference organized by Ho Chi Minh City Investment and Trade Promotion Center (ITPC) in collaboration with Vietnam International Arbitration Center (VIAC) with […]
In the current context, if the criteria to “green” the logistics industry are not quickly implemented, in the future, businesses will face many difficulties and gradually be “eliminated” from business, domestic trade and global import and export. Mr. Dao Trong Khoa, Standing Vice President of Vietnam Logistics Services Association, talked about some issues surrounding green […]
India has launched an anti-dumping investigation into the import of glass fibre from China, Thailand, and Bahrain in response to a complaint by a local manufacturer. The probe, led by the Directorate General of Trade Remedies (DGTR) under the commerce ministry, aims to safeguard domestic industries from inexpensive imports. Owens-Corning (India) has filed for this […]
In order for Vietnam’s aquatic product exports to reach the target of 10 billion USD this year, businesses need to be more adaptative and adjust their operation plans to suit the market context, according to Chairwoman of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Thi Thu Sac. Sac also advised enterprises […]
Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến has affirmed his confidence that Việt Nam’s agro-forestry-aquatic product exports can reach the revenue target of US$55-56 billion this year. Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến has affirmed his confidence that Việt Nam’s agro-forestry-aquatic product exports can reach the revenue […]
The European Commission has initiated an anti-dumping investigation into imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand, following a complaint by the Ad Hoc Coalition of Epoxy Resin Producers. The coalition, which includes Olin Corporation (NYSE: NYSE:OLN), Westlake Corporation (NYSE: WLK), and Spolchemie, alleges that producers from these countries are […]
On June 27, 2024, the Tax Bureau of the Ministry of Finance of India issued Circular No. 10/2024-Customs(ADD), saying that it accepted the final anti-dumping recommendation made by the Ministry of Commerce and Industry of India on March 28, 2024 on Sodium cyanide originating in or imported from China, the European Union, Japan and South […]
Local textile associations requested the government step in after imports surged, hurting their business INDONESIA is preparing to impose tariffs and use other means to protect its textile industry from imports from China, the latest in a series of nations which are responding to the flood of goods out of the world’s largest manufacturing […]
The Government, ministries, sectors, localities, and the business community have concentrated on speeding up cross-border e-commerce development in the context that exports serve as a significant growth driver of the national economy. Through policy support, guidance, and tools and solutions, Vietnamese businesses are expected to keep pace with digital transformation and achieve sustainable developments […]
With a sharp increase in volume, pangasius exports to Brazil earned nearly 28 million USD. Which market is purchasing the largest pangasius from Vietnam? Vietnam is in the process of promoting negotiations on the Free Trade Agreement (FTA) with the South American Common Market (Mercosur), to turn this FTA into a driving force to […]
In the second half of the year, the Ministry of Industry and Trade will continue to innovate trade promotion activities, focusing on promoting digital transformation and connecting local businesses and their products to the Việt Nam trade offices abroad. Trade promotions should prioritise key products and markets to increase imports and exports in the […]
According to experts, the recent interest rate cuts by the European Central Bank (ECB) and the Bank of Canada (BoC) are important moves that signal a broader trend of monetary easing among major central banks. This is likely to affect Vietnam’s exports. According to statistics from the General Department of Customs, in the first […]
The European Commission’s investigation into Chinese electric vehicles has exposed multiple loopholes in rules, business organizations and experts said. They also warned that the proposed duty hikes could be self-defeating as they would attract unwanted consequences. The commission on June 12 unveiled a plan to levy provisional additional tariffs of up to 38.1 […]
Greening the production chain, improving productivity, product quality, shifting to high-quality segments and higher added value… are being carried out by enterprises in the wood, furniture, textiles and garments, thereby bringing competitive advantages in the international market. Regain growth momentum Ms. Duong Thi Minh Tue, Vice President of Ho Chi Minh City Handicraft […]
Trading Vietnamese rubber products on the Mercantile Exchange of Vietnam (MXV) will solve the limitations of the traditional business method with a centralized, open, and transparent trading market, said Le Thanh Hung, general director of Vietnam Rubber Group. Hung was speaking at a conference to introduce and collect opinions on the rubber exchange in […]
The rebound in consumption demand in many countries globally indicates positive signs ahead for Vietnamese exports, contributing to accelerating Vietnamese economic growth at about 6% this year, according to insiders. Trade surplus estimated at US$8.4 billion in first half Bui Huy Son, director of the Department of Planning and Finance under the Ministry […]
Vietnam has become the 5th largest tuna exporter on the ranking map of exporting countries, businesses expect; In 2024, tuna exports will recover and reach USD 1 billion. Back to the mark of USD 1 billion 10 years ago, Vietnam was only ranked 8th on the map ranking world tuna exporting countries, but […]
In addition, the suspension of protective measures against Ukraine is maintained until June 2026 The UK Secretary of State for Business and Trade has decided to extend safeguard measures on 15 categories of steel for another two years, until June 2026. This is stated in a statement on the British government’s website. The decision […]
India on Thursday imposed anti-dumping duties on three Chinese products including hydraulic rock breaker with an aim to protect domestic players from cheap imports. These duties were imposed following a recommendation by the commerce ministry’s directorate general of trade remedies (DGTR), which has concluded in its probe that dumping of these goods are impacting […]
Việt Nam exported 1.44 million tonnes of rice to the Philippines as of May 23, accounting for 72.9 percent of the total imports of the grain into the country. The reduction of the rice import tax by the Philippines will create more advantages and increase opportunities for Vietnamese rice to enter the market later […]
Amazon Global Selling coordinated with the Việt Nam E-Commerce Association (VECOM) to organise the 2024 Cross-border E-commerce Forum in Hà Nội on Thursday. The Government and business community is increasingly focused on leveraging digital technology and cross-border e-commerce to exploit global export potentials. In the next two to three years, if not participating […]
The Asia-Africa region is always an important market for Vietnam. These are also two markets considered suitable for Vietnamese goods, including the Red River Delta to expand their market share in the near future. According to the Asia-Africa Market Department, import-export activities with the Asia-Africa region are increasingly showing diversification. Besides traditional markets such […]
Amazon Global Selling Vietnam and the Vietnam E-commerce Association (VECOM) on June 27 organised a cross-border e-commerce forum to provide updates on policy directions, sketch out solutions to expand Vietnam’s online exports, and promote global operation for Vietnamese companies in the coming time. On this occasion, VECOM launched its Vietnam Online Export Support Alliance […]
Vietnam was India’s second largest supplier of rubber during the first five months of this year, according to data released by the Ministry of Industry and Trade’s Agency of Foreign Trade. The reviewed period witnessed the country export 47,230 tonnes of rubber to India for US$75.79 million, up 42.8% in volume and 63.5% in […]
The conference was organized by the Italian National Credit Fund (CDP) in collaboration with the Italian Chamber of Commerce in Vietnam (ICHAM) under the sponsorship of the Italian Embassy in Vietnam. The event gathered more than 100 Vietnamese and Italian businesses to attend. Italy is known as a country with advanced textile technology and […]
CPTPP is a free trade agreement in force between 11 countries including Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Việt Nam. In 2023, CPTPP parties signed an accession protocol with the UK, welcoming them as the 12th member. The National Assembly on Tuesday morning ratified the UK’s protocol of […]
The European Commission published today an implementing regulation confirming the extension of the current steel safeguard measure for two more years, until June 2026. The regulation also adjusts the functioning of the measure, to adapt it to market conditions. This decision follows an investigation requested by fourteen EU Member States, which showed […]
In trade defence, Vietnamese goods have always been the “target” of many countries. There have been 247 lawsuits from 24 markets with Vietnamese goods. In addition to the main reasons, such as Vietnam’s increased exports, annual growth scale of 5-6%, and the highest yearly trade surplus of 28 billion USD, Vietnam’s deeper participation in […]
Open markets and green technologies are vital for stabilizing global growth, China’s premier said Tuesday, while criticizing trade tensions as he opened a conference in northeastern China. Premier Li Qiang told political and business leaders attending the World Economic Forum Annual Meeting of the New Champions, also known as the “Summer Davos,” that China […]
The Directorate General of Trade Remedies (DGTR) has indicated that lifting the current countervailing duties on imports from China and Vietnam would likely harm the domestic industry. The DGTR has suggested extension of the existing duties, proposing a duty rate of up to 29.88%. The Directorate General of Trade Remedies (DGTR), the investigation arm […]
Vietnam and Singapore have potential and advantages to promote fisheries cooperation, industry insiders said at a conference connecting fishery businesses of Vietnam and Singapore in Ho Chi Minh City on June 25. The event was organised by the Vietnam Association of Seafood Exporters and Producers (VASEP), the Vietnam Trade Office in Singapore and Ho […]
China’s Foreign Ministry said on Tuesday that it has made solemn representations to the EU over the latter’s sanctions against Chinese firms over claims of links to Russia. The ministry said normal China-Russia cooperation doesn’t target any third party, urging the EU to scrap the sanctions and vowed counter-measures to protect the interest of […]
Purchasing and cooperation activities with Vietnamese suppliers over the past many years have brought impressive results to international brands, purchasing and distribution units. This has created the foundation for the decision to stay long-term and continue to further expand the purchasing scope of international units in the Vietnamese market. Speaking at the 2024 […]
Vietnamese Ambassador to Saudi Arabia Đặng Xuân Dũng highlighted the growing presence of Vietnamese agricultural goods, seafood and canned beverages in Saudi Arabia. Vietnamese exports received a sweet boost on Monday with the presence of its red and yellow-fleshed dragon fruits at the grand opening of Spinneys, a high-end supermarket chain from the United […]
China and the European Union have agreed to start talks on the planned imposition of tariffs on Chinese-made electric vehicles (EVs) being imported into the European market, senior officials of both sides said on Saturday. Germany’s Economy Minister Robert Habeck said he had been informed by EU Commissioner Valdis Dombrovskis that there would be […]
Vietnam’s anti-corruption efforts have helped spur its economic growth, Director of the Canada-Vietnam Trade Council Julie Nguyen and Professor of Business at Centennial College in Toronto Luis Silva shared the view. In their recent article on Canada’s Ottawa Life magazine, the experts said in recent years, Vietnam’s battle against corruption has been intensified, marked […]
Many seafood businesses have mentioned barriers that are affecting exports that need to be removed. Trade barriers Representing seafood businesses at the recently held all-member conference, Mr. Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said the export forecast Aquaculture in the future will be full […]
A programme to promote Vietnamese lychees to Thai consumers was opened at Centralworld commercial centre in Bangkok, Thailand on June 21. Speaking at the event, Vietnamese Ambassador to Thailand Pham Viet Hung expressed his pleasure to see Vietnam’s high-quality lychee products promoted in Thailand, adding he believes that Vietnamese products’ quality will satisfy demand […]
Vietnam’s exports expanded about 13.8% year-on-year in the first half of this year, and imports rose 18.4%, the Ministry of Industry and Trade (MoIT)’s Planning and Finance Department said at a press conference in Hanoi on June 19. Bui Huy Son, head of the department, said exports strongly bounced back in the six-month period […]
Exports by provinces and cities in the southeastern key economic region have grown strongly so far this year. The region includes HCM City and the five provinces of Đồng Nai, Bình Dương, Bà Rịa – Vũng Tàu, Bình Phước, and Tây Ninh, making it the country’s largest economic hub and a major contributor to […]
This is also a record high compared to the same period in previous years. Việt Nam’s coffee exports hit more than US$3 billion just in the first six months of the year. According to data from the General Department of Customs (GSO), Việt Nam’s coffee exports reached 862,400 tonnes by the first half […]
The FTAs have opened up many doors for Vietnamese products to enter potential markets, including many demanding markets with high requirements and standards. Though free trade agreements (FTA) have so far helped Việt Nam boost exports significantly, domestic enterprises need to further study markets and better focus on the country’s strengths to optimise the […]
On Thursday, China’s Ministry of Commerce stated that China might impose provisional anti-dumping duties on pork imports from the EU as part of a year-long anti-dumping investigation that began on June 17. Western media outlets see this move as retaliation for the EU’s earlier tariffs on Chinese electric vehicles. This incident shows that China-EU […]
Export turnover to most major markets and trade partners has seen a strong recovery and high growth rates in the past five months, reaching double digits. Fruits and vegetables continue to thrive According to the Ministry of Industry and Trade (MoIT), along with the global market’s recovery, export orders have increased, leading to […]
Beijing hits EU pork products with anti-dumping investigation while domestic market battles oversupply and falling demand China is facing a “pork in the road”, said the Daily Pnut newsletter. The country has opened an investigation into pork imports from the EU, in its “first retaliatory move” against Brussels’ latest tariffs on Chinese electric […]
Data from the General Department of Vietnam Customs show that the Vietnamese-Italian trade value hit US$2.3 billion in the first four months of 2024, a year-on-year increase of 14 percent. Growing bilateral trade In the first four months of this year, Vietnam exported goods worth US$1.75 billion to Italy, up 16 percent year-on-year, […]
Trade has been a bright spot in the Vietnam-Cambodia relationship, experiencing impressive growth over the past more than a decade and expected to reach 20 billion USD. Cambodia serves as a source of many raw materials for Vietnamese industry, particularly rubber. It is also a major consumer of Vietnamese products like iron and steel, […]
The Ministry of Industry and Trade (MoIT) has decided to launch an investigation and apply anti-dumping measures on imported galvanized steel products originating from China and the Republic of Korea (RoK). The decision has been made based on the evaluation results of the dossiers submitted by local enterprises namely Hoa Sen Group Corporation, Nam […]
The upcoming official visit to Vietnam by Russian President Vladimir Vladimirovich Putin is expected to open up new opportunities in bilateral relations, aiming towards the prosperous development for both sides. The countries established bilateral diplomatic relations in 1950 and upgraded them to a comprehensive strategic partnership in 2012. Vietnam has also signed a free […]
Vietnamese agricultural product exports to Russia recorded an annual increase of 48.7% over the past five months, of which coffee, seafood, cashew nuts, and fruit and vegetables were the most imported goods by this lucrative market. According to preliminary statistics from the General Department of Customs, up to late May 2024, agricultural export turnover […]
China’s probe into EU pork comes in retaliation to the bloc’s decision last week to add additional tariffs on Chinese electric vehicles. China has opened an investigation into pork imports from the European Union after the bloc imposed anti-subsidy duties on Chinese-made electric cars. China’s commerce ministry announced the investigation on Monday, saying […]
In September, the US Department of Commerce issued an initial finding that three cases of wooden cabinets imported from Việt Nam with components produced in China are within the scope of duty orders on wooden cabinets from China. The US Department of Commerce has extended the deadline by 31 days for a determination on […]
Canada’s government is warning it could cancel a planned US$2 billion purchase of 18 Super Hornet fighter jets from Boeing Co. because of U.S. Department of Commerce anti-dumping investigations against Canadian plane maker Bombardier Foreign Minister Chrystia Freeland issued the threat in a statement about Boeing’s complaint against Bombardier. “Canada is reviewing current […]
The United States should soon recognize Vietnam’s market economy status, Deputy Prime Minister Tran Luu Quang told U.S. Ambassador to Vietnam Marc Evans Knapper. At a Tuesday meeting, Quang also called on the U.S. to help Vietnam with development goals for 2045, implementation of international commitments related to green transition and climate change adaptation, […]
Shipments of canned tuna products, bagged tuna and frozen loin/fillet increased by 44 per cent, 24 per cent, and 7 per cent. Tuna exports are projected to reach US$456.8 million in the first half of the year, a year-on-year increase of 20 per cent, according to the Việt Nam Association of Seafood Exporters and […]
For each container of exported cashew kernels, enterprises lose hundreds of millions of dong when they have to import raw materials at high prices, while export prices are not adjusted to increase accordingly. Each container of cashew export lost VND 600 million According to many cashew export processing enterprises, with the rising price […]
“Trump is now threatening to impose a tariff of 60 per cent on all imports from China” In an interview with The Australian during a visit to Australia, Mr Zhang said China was bracing itself for a trade war with the US that could harm its economy if Donald Trump won the November election. […]
The target set by a draft national forestry planning for 2021-2030. The export value of wood and forestry products is expected to reach $20 billion by 2025, under the draft national forestry planning for the 2021-2030 periods with a vision towards 2050. The figure is targeted to increase to $25 billion by 2030. […]
Vietnam exported 11,176 tonnes of cinnamon, worth for 31.1 million USD in May, up 75% in volume and 63% in value month-on-month. India, Bangladesh and the US were the three main export markets of Vietnamese cinnamon with 4,514 tonnes, 1,693 tonnes, and 1,043 tonnes respectively. Notably, cinnamon exports to some markets saw a sudden […]
The dollar depreciation is also a good sign for Việt Nam’s import activities, with global raw material prices expected to decrease and inflationary fears for imports receding. Though the latest US Federal Reserve (Fed)’s interest rate decision will not have a major impact here in Việt Nam, the move is still a positive signal […]
Vietnam always attaches importance to and wants to develop the Vietnam – Indonesia strategic partnership to a new height, National Assembly Chairman Tran Thanh Man said while receiving Deputy Speaker of the Indonesian Regional Representative Council (upper house) H. Mahyudin in Hanoi on June 12. Man congratulated Indonesia on successfully assuming the role of ASEAN […]
Vietnam’s economic renovation of the mid-1980s signalled the country’s opening up to foreign investment. While some of the world has only recently realised Vietnam’s potential, Thai companies were among the early investors. Reflecting on my five-year stay in Vietnam, which concluded in 2017, I recall significant multi-billion-dollar investments from Thai conglomerates during that time. […]
The Philippines, one of the world’s largest rice buyers and largest customers of Vietnamese rice, announced a reduction in import taxes from 35 per cent to 15 per cent, effective immediately until 2028. According to statistics from the General Department of Vietnam Customs, during the first four months of 2024, the Philippines imported over […]
Malaysian Prime Minister Anwar Ibrahim has affirmed that this country and Singapore will coordinate to ensure that the Association of Southeast Asian Nations (ASEAN) operates effectively, focusing on responding to new challenges. Speaking at a joint press conference on June 12 after Singapore Prime Minister Lawrence Wong’s official visit to Malaysia, Anwar said that […]
The leader stated Việt Nam hopes to step up and expand joint work with each ASEAN member country within the framework of bilateral cooperation, especially in potential areas to meet development needs and for mutual benefits and prosperity of the sides involved. Chairman of the National Assembly (NA) Trần Thanh Mẫn received new ambassadors […]
In a key shift in global trade dynamics, the Association of Southeast Asian Nations (ASEAN) saw its exports to the United States surpass those to China for the first time in six quarters. This trend, reflecting changes in the global supply chain, highlights the growing importance of the US market for ASEAN countries amidst […]
Vietnam was the fastest-growing digital economy in ASEAN in 2023, and with its potential it is on the road to becoming the second-largest by 2030, said the Hong Kong and Shanghai Banking Corporation (HSBC) in its recent report “Vietnam at a glance.” Becoming ‘digitally fit’ A flurry of digital-related investments has been taking […]
Cambodia exported 667,000 tonnes of raw cashew nuts to Việt Nam in the first five months of this year, an increase of 37 per cent over the same period last year, reaching a revenue of US$851 million. The Voice of Việt Nam (VOV) online newspaper quoted the chairman of the Cashew nut Association of Cambodia […]
Vietnam ran a trade deficit in May as the import of major materials rebounded, signaling that green shoots are sprouting in domestic production, experts have said. The Ministry of Industry and Trade (MoIT) reported that imports turnover in the month was estimated at 33.81 billion USD, up 12.8% year-on-year, while exports stood at 32.81 […]
The demand for aquatic products is expected to pick up from the third quarter of 2024, with many associated challenges requiring advertisements and the diversification of business products and markets, insiders have said at a conference held by the Vietnam Association of Seafood Exporters and Producers (VASEP) in Ho Chi Minh City on June 10. […]
The Canada Border Services Agency (CBSA) on June 6 issued preliminary conclusions on the investigation of applying anti-dumping measures on steel wire rod originating or exported from China, Egypt and Vietnam. Accordingly, the temporary anti-dumping tax rates for Vietnamese enterprises stays at the lowest levels, ranging from 6.1% to 38.9% compared to 50.9% – […]
Localities, ministries, branches and businesses will soon be pushing trade promotions for fruits such as lychee, rambutan, longan, durian, and avocado. Việt Nam’s seasonal fresh fruits are about to come to peak harvest and the volumes offer perfect opportunities to boost exports. Localities, ministries, branches and businesses will soon be pushing trade promotions […]
The European Commission (EC) frequently updates maximum pesticide residue levels, especially for fresh and frozen fruits. To promote fruit exports, meeting phytosanitary requirements to prevent the spread of diseases and ensuring food safety are prerequisites, insiders said. Fresh fruits such as durian, longan, lychee, mango, dragon fruit, coconut, banana, pineapple, and passion fruit […]
On June 6, during a seminar aimed at boosting exports to key markets, the Ministry of Industry and Trade’s representative revealed that Vietnamese exports have seen a 15 percent increase in the year’s first five months. Notably, sectors experiencing notable recovery include fashion, furniture, and household goods. Mr. Ta Hoang Linh, from the […]
The Investment and Trade Promotion Center of Ho Chi Minh City this morning hosted a seminar on investment promotion between Vietnam and Cambodia in 2024 with the participation of more than 70 enterprises from various fields. At the seminar, the leader of the Council for the Development of Cambodia (CDC) presented the policies to […]
Manufacturing enterprises, including small and micro-sized businesses, can leverage e-commerce channels to directly sell goods to international consumers, increasing revenues and market presence, experts have suggested at a recent seminar on boosting Vietnam’s exports through cross-border e-commerce systems. At the event held in Ho Chi Minh City on June 7, Ta Hoang Linh, Director […]
The signing of the Protocol to officially export coconuts to China will help this product have the opportunity to surpass the US$1 billion mark in the near future, while also opening up “successful” opportunities for numerous key coconut localities, according to insiders. The Vietnamese Ministry of Agriculture and Rural Development (MARD) and the General […]
In the remaining months of 2024, the Ministry of Industry and Trade will continue implementing concerted solutions to develop Vietnam’s foreign trade, in which Northeast Asia with important markets will be identified as the focus, according to the ministry’s Asia – Africa Market Department. Each year, over 100 billion USD of goods made in […]
So far this year, Vietnam has shipped abroad 114,424 tonnes of pepper worth 493.1 million USD, down 13.2% in volume but up 20.6% in value over the same period last year. The average export price of black pepper is 4,197 USD per tonne and white pepper, 5,804 USD per tonne, up 754 USD and […]
Vietnamese goods have been sued in 247 cases, across 24 markets, said Minister of Industry and Trade Nguyễn Hồng Diên at the latest National Assembly’s question and answer session. The increase in the number of trade defence cases were due to the rising scale of annual exports, said the minister. Việt Nam is […]
The Vietnamese Embassy in Switzerland and the Swiss-Viet Economic Forum (SVEF) jointly organised the 2024 Vietnam-Switzerland Economic Forum themed “Strengthening Ties, Building Futures” on June 4. The hybrid forum, supported by the Swiss Federal Department of Economic Affairs, Education and Research (EAER) and the Vietnamese Ministry of Foreign Affairs and other relevant ministries, draw […]
The Vietnamese Ministry of Agriculture and Rural Development (MARD) and the General Administration of Customs of China (GACC) have agreed to ramp up cooperation in the field of agricultural trade, opening the door for more Vietnamese farm products to enter the lucrative market of China. This consensus was reached during talks held between Deputy Minister […]
Balancing the factors of ensuring trade security and facilitating trade is a new requirement for the Customs agency in the trend of global trade liberalization. A very important issue today is how to correctly forecast trends in trade and investment relations to accurately plan, directions and determine appropriate international cooperation priorities. Actively participate in shaping […]
The Economic and Science Promotion Agency of Gyeonggi-do province of the Republic of Korea (RoK) announced on June 5 that it has completed a pilot project to support businesses from northern provinces and cities in connecting with Vietnam. With the goal of promoting exports and supporting small potential businesses in seeking partners in Vietnam, […]
Vietnam has many regional specialties, but sales are often through consignment companies that buy and then export across the border. Cross-border electronic commerce (e-commerce) can help direct manufacturers and small manufacturers participate directly in exporting. Mr. Nguyen Van Thanh, Director of the Center for E-commerce Development (Department of E-Commerce and Digital Economy, Ministry of Industry […]
The rice trade between Vietnam and the Philippines is forecast to remain steady in the near future, according to the Vietnam Trade Office in the Philippines. While the Philippine Government is revamping its National Food Authority (NFA) and considering revisions to rice import regulations, these changes are unlikely to have a remarkable immediate impact […]
Việt Nam has transformed itself to emerge as a major global production hub capable of supplying a wide range of products at competitive prices and with improving quality, Deputy Minister of Industry and Trade Phan Thị Thắng said at the Export Forum on Connecting International Supply Chains in HCM City on June 6. “Additionally, […]
Deputy Minister of Agriculture and Rural Development Hoang Trung on June 6 held talks with Zhao Zenglian, Vice Minister of the General Administration of Customs of China (GACC), in a bid to enhance the countries’ agro-forestry-fishery trade. Trung said the ministry and GACC have seen their cooperation growing practically, particularly during the complex developments […]
China’s export boom goes far beyond the high-tech industries that are in Western crosshairs, leaving Beijing at risk of a backlash from countries that have so far preferred to sit on the trade-war sidelines. The European Union is poised to slap tariffs on Chinese electric vehicles this week, the latest example of rising barriers […]
The US’s recognition of Vietnam as a market economy will help expand business opportunities for Vietnamese businesses. In particular, with the growing trade flow between the two countries, exports to the US are more favorable. Efforts to meet the criteria In early May 5, the US Department of Commerce conducted an assessment on whether […]
After enjoying trade surpluses for the past consecutive 23 months, Vietnam once again slipped into an import surplus in May, sparking concerns about the general health of the economy, although experts say it is not really a worrying sign. According to the General Statistics Office (GSO), the country raked in US$32.81 billion from exports […]
China’s commerce ministry on Sunday launched an anti-dumping probe into POM copolymers, a type of engineering plastic, imported from the European Union, United States, Japan and Taiwan. The plastics can partially replace metals such as copper and zinc and have various applications including in auto parts, electronics, and medical equipment, the ministry said in […]
Thailand, the world’s biggest durian exporter with a total export turnover of US$7 billion, became Việt Nam’s second largest importer of this fruit in the first four months of 2024. In the period, Thailand spent up to $22.5 million importing Vietnamese durian, a year-on-year surge of 82 per cent. This figure is much higher […]
Chinese companies are generally upbeat about the prospects of selling their products to overseas markets and such optimism is supported by favorable conditions both at home and abroad. A recent survey conducted by the China Council for the Promotion of International Trade (CCPIT) shows that 81.6 percent of foreign trade-oriented firms predict stable or […]
The Ministry of Industry and Trade (MoIT) has suggested Vietnamese enterprises further learn about Thai consumers’ taste and the country’s regulations and technical standards to boost exports to this market. The enterprises were also urged to apply advanced technologies in processing and storing to ensure their products’ quality during the transport process. The MoIT […]
The Import-Export Department (Ministry of Industry and Trade) cited data from the General Department of Customs as saying that in May 5, Vietnam exported pepper to 2024 thousand tons, worth 30 million USD, an increase of 135%. in volume and an increase of 14,4% in value compared to April 15,9; up 4% in volume and […]
There should be a minimum export price for Vietnamese rice to prevent companies from engaging in price wars, undercutting each other, said industry insiders after a recent incident in which Vietnamese exporters won a bid to supply Indonesia’s State Logistics Agency (Perum Bulog) with 100,000 tonnes of rice for a total of US$55 million. […]
The country, however, ran a trade deficit of US$1 billion in May, the first in nearly two years. Vietnam maintained a positive trade balance of US$8.01 billion in the first five months of the year, with exports increasing by 15.2% to $156.77 billion and imports rising by 18.2% to $148.76 billion, according to the […]
In recent years, the trade partnership between China and Europe has blossomed into a mutually beneficial alliance, shaping the global economy and fostering prosperity on both continents. In recent years, the trade partnership between China and Europe has blossomed into a mutually beneficial alliance, shaping the global economy and fostering prosperity on both continents. […]
China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of bilateral relations between the countries, and Australia’s trade minister said Wednesday his government accepted the ruling. Beijing took its complaint to the WTO in June 2021 over Australia’s extra […]
Amid the world facing a shortage of seven million tonnes of rice, Vietnam has seized a “golden” opportunity to increase exports, according to industry insiders. With regard to the country’s potential to export rice this year, Nguyen Nhu Cuong, director of the Department of Crop Production under the Ministry of Agriculture and Rural Development, […]
Despite positive results in rice export so far, experts held that domestic firms should carefully evaluate the demand of major export markets to design suitable strategies for the rest of the year. According to Nguyen Phuc Nam, Vice Director of the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT), Asia and […]
As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising its materials prices, making it harder to compete with overseas rivals and costing it several contracts. Jeff Aznavorian, the company president, thought he might enjoy some relief once Joe Biden entered […]
The cashew industry is at risk of disruption since raw nut exporters in West Africa are not fulfilling their contracts with local firms, according to the Việt Nam Cashew Association (Vinacas). Speaking to the press in HCM City on Friday, Nguyễn Minh Họa, Vinacas’s vice chairman, said Việt Nam has been the world’s largest processed […]
There remains much untapped potential for trade and investment between Việt Nam and Malaysia, a meeting heard last Friday in HCM City. Speaking at the event, Đào Minh Chánh, deputy director of the HCM City Investment and Trade Promotion Centre (ITPC), pledged to facilitate Malaysian investment in Việt Nam. He also encouraged Vietnamese exporters to […]
VINACAS warned that African raw cashew exporters have been defaulting on contracts due to significant price fluctuations over the past month. At a press conference on the afternoon of May 31, Mr. Nguyen Minh Hoa, Vice Chairman of the Vietnam Cashew Association (VINACAS), warned that African raw cashew exporters have been defaulting on contracts […]
In order to develop border trade, it needsnot only strategic geographical location but also synchronous development of infrastructure systems, open trade policies, procedures and attractiveness of labor resources, creating favorable conditions for trade activities to be implemented with focus, focus, and efficiency. Border gates – the driving force for local economic development In […]
The Trade Remedies Authority (TRA) is currently receiving dossiers requesting exemption from anti-dumping measures on polyester long yarn products. The product for which an exemption is requested is described as follows: – Name and Description: Drawn textured yarn from polyester multifilament, cord form, not high-tenacity yarn, not sewing thread. – HS Code: 5402.33.10 – Composition: […]
On June 19, 2023, the Ministry of Industry and Trade issued Decision No. 1466/QĐ-BCT regarding the second review of the application of anti-dumping measures on certain monosodium glutamate (MSG) products originating from the People’s Republic of China and the Republic of Indonesia (Case Code: AR02.AD09). The Ministry of Industry and Trade commenced the investigation of […]
On April 24, 2024, the U.S. Department of Commerce (DOC) received petitions requesting anti-dumping (AD) and countervailing duty (CVD) investigations on solar panel products imported from Thailand, Malaysia, Cambodia, and Vietnam. The petitions propose both AD and CVD investigations on the products from all four countries. 1. General Information about the Case – Products under […]
Based on Clause 5, Article 1 of Circular No. 42/2023/TT-BCT dated December 28, 2023, of the Ministry of Industry and Trade, which amends and supplements a number of articles of Circular No. 37/2019/TT-BCT dated November 29, 2019, of the Minister of Industry and Trade detailing several contents regarding trade defense measures, the Trade Remedies Authority […]
1. Certain Wood Products Exported to the United States – Hardwood Plywood HS Codes: 4412.31, 4412.32, 4412.33, 4412.34, 4412.94, 4412.99 This product has been under warning since July 2019. The United States officially imposed anti-dumping (AD) and countervailing duties (CVD) on similar products imported from China since November 2017. In June 2020, the U.S. Department […]
Following the directives of the Executive Committee of the Ministry of Industry and Trade’s Youth Union as per document number 79-CV/ĐTNB-VP dated February 20, 2024, regarding the organization of the Youth Union congresses for the 2024-2027 term, and with the approval of the Party Committee of the Trade Remedies Authority (TRA), the Youth Union of […]
On April 30, 2024, the U.S. Department of Commerce (DOC) announced the termination of the scope inquiry concerning steel trailer wheels imported from Vietnam pursuant to section 351.225(f)(6) of the Tariff Act. Previously, on August 7, 2023, the DOC initiated a scope inquiry into steel trailer wheels imported from Vietnam. Dexstar, a U.S. company and […]
To support the business community, associations, and industries in Binh Thuan province in handling and responding to foreign trade remedy investigations and utilizing trade remedy tools to protect legitimate interests when engaging in new-generation FTAs, the Trade Remedies Authority (TRA), in collaboration with the Department of Industry and Trade of Binh Thuan province, organized a […]
To date, Canada has initiated investigations into eight trade defense cases (TDM) concerning Vietnamese steel exports, including five anti-dumping cases, two countervailing duty cases, and one safeguard measure case. Canada has targeted most of Vietnam’s major steel export products, such as rebar, corrosion-resistant steel sheets, steel coils, and oil country tubular goods (OCTG). With its […]
On December 28, 2023, the Minister of Industry and Trade issued Circular No. 42/2023/TT-BCT (Circular 42/2023/TT-BCT), amending and supplementing certain provisions of Circular No. 37/2019/TT-BCT dated November 29, 2019 (Circular 37/2019/TT-BCT), which specifies details regarding trade remedy measures. The development of Circular 42/2023/TT-BCT aims to inherit appropriate, advanced, and effectively applicable regulations from Circular 37/2019/TT-BCT, […]
On March 22, 2024, the Canada Border Services Agency (CBSA) announced a review of the anti-dumping and countervailing duties on upholstered seating originating from Vietnam and China. This review is being conducted at the request of an importer and is part of the ruling by the Canadian International Trade Tribunal (CITT) issued on September 2, […]
The Trade Remedies Authority (TRA) has received information that the U.S. Department of Commerce (DOC) continues to extend the timeline for issuing the final determination on the product scope review and the timeline for issuing the preliminary and final determinations on the investigation into the circumvention of trade remedy duties (currently applied to China) on […]
On February 23, 2024, the Trade Remedies Authority (TRA) received information regarding the initiation of a countervailing duty (CVD) investigation by the Directorate General of Trade Remedies (DGTR) of India on textured tempered coated and uncoated glass originating from or imported from Vietnam. The specifics are as follows: 1. General Information – Date of Initiation […]
On February 5, 2024, the U.S. Department of Commerce (DOC) officially initiated a Changed Circumstances Review (CCR) to assess the market economy status (MES) of Armenia within the framework of the anti-dumping (AD) investigation on aluminum foil products imported from Armenia. This decision was made by the DOC after a 45-day review period of Armenia’s […]
On July 22, 2020, the Ministry of Industry and Trade issued Decision No. 1933/QD-BCT on the imposition of official anti-dumping duties on certain monosodium glutamate (MSG) products originating from the Republic of Indonesia and the People’s Republic of China (case code: AD09). According to Clause 2, Article 82 of the Law on Foreign Trade Management, […]
On July 20, 2020, the Ministry of Industry and Trade issued Decision No. 1900/QD-BCT on the imposition of official anti-dumping duties on certain plastic products and products made from polymers of propylene originating from Malaysia, the Kingdom of Thailand, and the People’s Republic of China (case code: AD07). According to Clause 2, Article 82 of […]
As part of the 2024 Government work program, the Prime Minister assigned the Ministry of Industry and Trade to lead the drafting of a decree to replace Decree No. 10/2018/ND-CP dated January 15, 2018, detailing several provisions of the Law on Foreign Trade Management on trade remedies (hereinafter referred to as the Decree). Implementing the […]
On February 23, 2024, the Trade Remedies Authority (TRA) received information that the Directorate General of Trade Remedies (DGTR) of India has initiated an anti-dumping investigation on textured tempered coated and uncoated glass originating from or imported from Vietnam. The details are as follows: 1. General Information – Date of Initiation Notification: February 13, 2024 […]
On February 14, 2024, the U.S. Department of Commerce (DOC) officially initiated anti-dumping (AD) and countervailing duty (CVD) investigations on certain paper plates imported from China, Thailand, and Vietnam. 1. General Information about the Case – Product under Investigation: Paper plates, excluding (i) plates molded or pressed directly from pulp; (ii) plates with a depth […]
On May 7, 2024, the U.S. Department of Commerce (DOC) published the preliminary conclusion of the anti-dumping (AD) investigation on extruded aluminum and aluminum products from Vietnam. 1. General Information and Preliminary Conclusion – On October 24, 2023, the DOC initiated the investigation at the request of the petitioner: The Coalition of Aluminum, Steel, Paper […]
On February 2, 2024, the U.S. Department of Commerce (DOC) announced the period for accepting requests for administrative reviews of antidumping (AD) and countervailing duties (CVD) on certain products imported from Vietnam, including: (1) AD Review on Certain Frozen Warmwater Shrimp (case number: A-552-802); (2) AD Review on Steel Wire Garment Hangers (case number: A-552-812); […]
On March 11, 2024, the Trade Remedies Authority of Vietnam (TRAV) received a notification from the World Trade Organization (WTO) regarding the United States International Trade Commission (USITC) initiating a global safeguard investigation on fine denier polyester staple fiber (HS code 5503.20.0025). The investigation was initiated by the USITC on February 28, 2024, following a […]
On March 8, 2024, the Canada Border Services Agency (CBSA) initiated an anti-dumping investigation on steel wire products originating from or exported from China, Egypt, and Vietnam. 1. Case Information: Product Name: Steel Wire (Wire Rod) (See product description in the attached document) HS Codes: 7213.91.00.42; 7213.91.00.43; 7213.91.00.49; 7213.91.00.50; 7213.91.00.60; 7213.91.00.70; 7213.99.00.11; 7213.99.00.12; 7213.99.00.31; 7213.99.00.32; […]
On March 19, 2024, the Trade Remedies Authority under the Ministry of Industry and Trade received a dossier requesting an investigation into the application of anti-dumping measures on hot rolled steel (HRC) products originating from China and India, submitted by enterprises representing the domestic industry. After reviewing the investigation request dossier from domestic producers, and […]
On April 30, 2024, the U.S. Department of Commerce (DOC) announced the termination of the scope inquiry concerning steel trailer wheels imported from Vietnam pursuant to section 351.225(f)(6) of the Tariff Act. Previously, on August 7, 2023, the DOC initiated a scope inquiry into steel trailer wheels imported from Vietnam. Dexstar, a U.S. company and […]
On March 6, 2024, the U.S. Department of Commerce (DOC) issued the final results for the 19th administrative review (POR19) of anti-dumping duties (AD) on frozen tra fish fillets from Vietnam, covering the period from August 1, 2021, to July 31, 2022. Previously, on August 31, 2023, DOC released the preliminary results for POR19. In […]
On January 24, 2024, the U.S. Department of Commerce (DOC) accepted petitions for antidumping (AD) and countervailing duty (CVD) investigations on certain paper plates imported from China, Thailand, and Vietnam. In this case, Thailand is subject to AD investigation only, while China and Vietnam are subject to both AD and CVD investigations. 1. General Information […]
To date, Canada has initiated eight trade remedy investigations against Vietnamese steel exports, including five anti-dumping (AD) cases, two countervailing duty (CVD) cases, and one safeguard investigation. These investigations have targeted most of Vietnam’s major steel export products, such as rebar, corrosion-resistant steel sheet, steel coils, oil country tubular goods (OCTG), and more. Given Canada’s […]
The Trade Remedies Authority (TRA) of the Ministry of Industry and Trade has received information that the Turkish Ministry of Trade has issued a notification requiring deposits from manufacturers and exporters from Croatia, Jordan, Thailand, Malaysia, and Vietnam in an anti-circumvention investigation of anti-dumping duties on solar panels. The investigated product in this case is […]
On March 28, 2024, the Trade Remedies Authority (TRA) received information that the Canada Border Services Agency (CBSA) will extend the re-investigation to update normal values and export prices for certain carbon steel screws originating from or exported from China and Taiwan (China). Accordingly, the re-investigation will be extended by 7 days, with a conclusion […]
On March 25, 2024, the U.S. Department of Commerce (DOC) issued a preliminary determination in the countervailing duty (CVD) investigation on frozen warmwater shrimp (HS codes: 0306.17, 1605.21, and 1605.29) from Vietnam. The investigation was initiated on November 14, 2023, following a petition from the American Shrimp Processors Association, with the investigation period spanning from […]
This is a safeguard investigation initiated by the Ministry of Industry and Trade of Vietnam on July 1st 2009 based on the petition filed by Viglacera Float Glass Company and Vietnam Float Glass Company. Scope of investigation: Float glass (clear and tinted) with thickness equal or less than 12mm imported into Vietnam under HS codes 7005 29 90 00 and […]
On July 26, 2018, the Ministry of Industry and Trade of Vietnam issued a decision to initiate an anti-circumvention of trade remedies investigation on steel wire/ coil products imported into Vietnam from other countries and territories.This is the first anti-circumvention of trade remedies investigation that Vietnam has conducted. This lawsuit is based on the suspicion […]
Circular 19/2019/TT-BCT stipulating the application of special safeguard measures to implement the CPTPP Agreement was issued by the Ministry of Industry and Trade on September 30, 2019. Accordingly, the Minister of Industry and Trade shall decide on the application of urgent measures to textiles and garments when the investigation conclusions of the investigating authorities contain […]
Date:…………….. By: Ministry of Industry and Trade The Ministry of Industry and Trade has just issued Decision No. 1347/QD-BCT on May 19, 2020, implementing a number of activities of the Ministry of Industry and Trade to improve trade remedies capacity for domestic manufacturing industries in the context of Vietnam’s participation in new-generation free trade agreements […]
Date:…………….. By: Ministry of Industry and Trade The EVFTA was signed and officially entered into force on August 1, 2020. The content of trade remedies is specified in chapter 3 of the Agreement, including measures to protect members’ domestic production industry protection in the event of unfair competition (dumping/subsidy) and/or a sudden increase in imported […]
Date: ……………………. By: Ministry of Industry and Trade On October 29, 2021, the Ministry of Industry and Trade issued Circular No. 14/2021/TT-BCT guiding the implementation of the Free Trade Agreement between Vietnam and the United Kingdom of Great Britain and Northern Ireland on Trade Remedies. Accordingly, the Ministry of Industry and Trade will consider to […]
Law on Foreign Trade Management No. 05/2017/QH14, approved by the XIV National Assembly, 3rd session on June 12, 2017 and took effect from January 1, 2018, stipulates measures to manage foreign trade and develop foreign trade activities. The Law on Foreign Trade Management includes 8 Chapters and 113 Articles, specifically as follows: – Chapter I […]