Import-Export

Up to 69.5 tonnes of frozen pork and by-products from Tomsk province of Russia have been exported to Vietnam, meeting the sanitary and veterinary regulations of the Eurasian Economic Union (EAEU) and the veterinary requirements of Vietnam.

VCN - 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.

VCN - At the scene, Chi Ma Border Gate Customs Branch inspected 13 sacks containing 910 kg of frozen pork feet, without labels and legal documents, and showing signs of a foul odor.

Quang Nam Customs Department has completed procedures to refund VND 1,178 billion in taxes to businesses.

Vietnam's shrimp exports grew in the first half of this year, but the market is facing competition from other countries in the world.

Appropriate and timely trade measures, following Vietnam's and World Trade Organisation (WTO) regulations, will help the domestic steel industry minimise damage caused by unfair competition practices and protect local production, said industry leaders and experts.

Textile and garment firms have enjoyed a more robust business result on the back of an increase in orders which helped the sector gain 16.52 billion USD in export revenue in the first half of this year, up 4.6% year-on-year, according to the Vietnam National Textile and Garment Group.

VCN - Expanding export markets is the goal of most businesses to increase revenue and profits as well as enhance the reputation and brand stature of businesses.

According to the Minister of Planning and Investment, the country's overall disbursement rate in the first 6 months of 2024 reached 29.39%, lower than the same period in 2023.

Garment and textile enterprises must renew technology, move toward green production and bolster trade promotion, among others, to navigate headwinds, according to insiders.