4 export markets of tens of billions of dollars

4 export markets of tens of billions of dollars

VCN - By the end of June 2024, the country has four markets achieving export turnover of US$10 billion or more, according to the General Department of Customs.
88.8% of import turnover are equipment and raw materials for production

88.8% of import turnover are equipment and raw materials for production

VCN - Assessing the situation of importing goods, the Ministry of Industry and Trade said that in June 2024, it is estimated to reach US $30.15 billion, down 7.9% compared to the previous month, compared to the same period last year, the import turnover o
Trade disputes are rarely brought to international courts

Trade disputes are rarely brought to international courts

VCN - Disputes over foreign trade and more specifically the import-export sector, of which export disputes are the most numerous, the majority are related to the quality of goods; delivery time; dishonesty of the seller or buyer.
Trade remedies create a fair business environment

Trade remedies create a fair business environment

VCN - Currently, there are 4 trade defense measures in effect on imported steel products and 1 trade defense measure on steel-related products (welding materials) and 2 cases are in process of investigation related to prestressed steel cable products and
Import and export turnover increases to US$ 51 billion

Import and export turnover increases to US$ 51 billion

VCN - In June, Vietnam’s total import and export turnover declined 1.3% month-on-month to US$ 64.12 billion.
Orders increase, exports in the first 5 months of the year continue to prosper

Orders increase, exports in the first 5 months of the year continue to prosper

VCN - Export turnover to most markets and major trading partners in the past 5 months has recovered well and reached high double-digit growth.
Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/5/2024) of May-2024, Vietnam’s total exports of US dollars 14.64 billion and imports of US dollars 17.26 billion resulted in a trade deficit of US dollars 2.63 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of May was US dollars 31.9 billion, went up by 7.7% as compared to the second half of April-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 4 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in April of 2024, a 5.4% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of March 2024. Exports went down 7.7 %, to USD 31.05 billion and imports decreased 2.9%, to USD 29.99 billion in terms of month-on-month basis. As a result, there was a USD 1.07 billion surplus in Vietnam’s trade balance in this month.
Import-export businesses reduce costs thanks to the customs clearance location at Thanh Phuoc Port

Import-export businesses reduce costs thanks to the customs clearance location at Thanh Phuoc Port

VCN - According to Director of Binh Duong Customs Department Nguyen Tran Hieu, currently, the majority of import and export goods of businesses in the area are transported by sea.
More export opportunities from the Chinese market

More export opportunities from the Chinese market

VCN - Notably, at a recent meeting between representatives of the Ministry of Agriculture and Rural Development (Vietnam) and the General Administration of Customs China (GACC), the two sides agreed on cooperation in trade and opening the market for agric
Exporting fruit to the United States still faces many challenges

Exporting fruit to the United States still faces many challenges

VCN - The US market still has much room for Vietnamese fruits to expand and develop. This is a huge fruit consumption market with diverse needs, increasingly focusing on healthy vegetables and organic foods, especially out-of-season fruits and tropical fr
Proposal to reduce the collection rates of 36 fees and charges in 2024

Proposal to reduce the collection rates of 36 fees and charges in 2024

VCN - In addition, fees and charges are proposed to reduce by 30% in the following areas: appraisal of business conditions in technical inspection of labor safety; occupational safety and hygiene training; medical fees…
Removing bottlenecks of border infrastructure creates momentum for exporting goods

Removing bottlenecks of border infrastructure creates momentum for exporting goods

VCN - Although the scale of goods exchange through all land border gates is constantly growing, border trade activities have many difficulties and are not commensurate with the potential.
Number of million-dollar export businesses via e-commerce soars

Number of million-dollar export businesses via e-commerce soars

VCN - Vietnamese businesses are increasingly expanding their international business scope, with the number of products sold on Amazon rising by 300% over the past five years.
Exports in 2024 expects to reach US$370 billion

Exports in 2024 expects to reach US$370 billion

VCN - However, as of May 15, exports still see positive growth.
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