Vietnam trade

Hanoi (VNA) - The agro-forestry-fishery sector recorded a trade surplus of close to 3.3 billion USD in the first five months of 2020, a decline of a mere 2.3 percent year-on-year. According to the Ministry of Agriculture and Rural Development (MARD), shipments overseas during the period brought in nearly 15.5 billion USD, down 4.1 percent year-on-year. Exports of key farm produce, husbandry products, fisheries, and forestry products earned approximately 7.4 billion USD, 210 million USD, 2.6 billion USD, and 4.2 billion USD, respectively. All were down year-on-year, by between 1.5 and 19 percent. Most products saw lower export revenue compared to last year, with earnings for tra fish, rubber, fruit, shrimp, peppercorn, and tea falling sharply. By contrast, shipments of coffee, rice, vegetables, cinnamon, and bamboo and rattan posted higher value. China remained Vietnam’s largest export market in the January-May period, with 3.7 billion USD. Despite showing a decline of 15.5 … [Read more...] about Five-month agro-forestry-fishery trade surplus nearly 3.3bn USD

The GSO said the total import and export turnover during the reviewed period dropped by 2.8% to US$196.84 billion in comparison to the same period from last year. Elsewhere the five-month period saw the export turnover of goods in the domestic sector enjoy an increase of 10.4% to US$33.3 billion, while the foreign invested sector grossed approximately US$66.06 billion, representing a decline of 6.9% on-year and accounting for 66.5% of the total export turnover figure. … [Read more...] about Nation racks up US$1.9 billion trade surplus over five-month period

Sub-area 1219 in Krong Bong District, home of ancient fokienia trees, has suffered tree massacres for years. In the latest case, 19 fokienia trees were found chopped into pieces, pulled down to a nearby valley to be brought out of the forest this April. All of the trees belonged to the protection forest. … [Read more...] about Deforestation continues to rage in Vietnam

Speaking at the event, Counsellor Bùi Huy Sơn, Head of Việt Nam Trade Office in Washington DC, said they would co-operate with the US-ASEAN Business Council (USABC) to organise other conferences connecting Vietnamese firms with US ones. In addition, they have always been ready to support and exchange information to help the two countries’ businesses to learn their demands and promote trade co-operation. … [Read more...] about Việt Nam, US promote footwear trade post-pandemic

Authorities now recognise the private sector’s importance in the country’s competitiveness and they are striving to gradually reduce state participation in the economy. Vietnam Report also made another list of the first 500 private which included Saigon Gold and Silver ACB-SJC joint stock company, Financing Promoting Technology (FPT), ACB bank, Vinamilk, DoJi Gold and Gem group. … [Read more...] about State enterprises dominate Vietnam’s top 500 list