Harmonized codes export

According to the Ministry of Industry and Trade , two-way trade topped 162 billion USD in 2022, with trade value through Lang Son’s border gates accounting for over 10% of the total. Following China’s reopening after three years of closure due to COVID-19, Vietnam’s shipments of agricultural products to its northern neighbour increased immediately. Amid the global economic uncertainties, exports via border gates offer a “tailwind” to Vietnamese enterprises. However, they must pay due regard to ensuring their products meet requirements in the Chinese market. With a population of 1.4 billion, China is a market of great potential for Vietnam. There is ample space to bolster exports to the market, especially now it has removed stringent import control measures./. VNA … [Read more...] about Agro-fishery exports rosy after China’s reopening

Vietnam set a target to earn US$393-394 billion in export revenue in 2023, up $22 billion or six percent over last year, said Phan Van Chinh, head of the Agency of Foreign Trade under the Ministry of Industry and Trade. At a conference on domestic production and consumption promotion and export market expansion held by the Ministry of Industry and Trade on Friday, Chinh said that the target is challenging as the local export sector has been facing many shortcomings, such as high but unsustainable growth and trade deficits with some large markets. To reach the target, the industry and trade sector should take measures to boost exports, and bilateral and multilateral cooperation activities to seek new markets and exploit the export potential of sectors in which Vietnam has advantages, Chinh added. In addition, it is essential to foster trade promotion in the domestic market and the distribution of goods via digital and e-commerce platforms to encourage consumption and develop … [Read more...] about Vietnam eyes up to $394bn in export revenue in 2023

Foreign Minister Bui Thanh Son (R) meets with his Philippine counterpart Enrique A. Manalo (Photo: VNA) Jakarta (VNA) - Foreign Minister Bui Thanh Son met with his Cambodian, Philippine and Malaysian counterparts on February 3 on the sidelines of the 32nd ASEAN Coordinating Council Meeting ( ACC-32 ) in Jakarta, Indonesia. During their meeting, FM Son and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn were pleased with the fruitful developments of the bilateral relationship in recent times, and agreed to continue promoting the exchange of high-level visits via all channels, enhancing people-to-people exchange; maintaining and optimising the effectiveness of existing bilateral cooperation mechanisms; fostering economic connections; strengthening cooperation between localities, especially those that share borders; and exerting effort to speed up tourism recovery. Foreign Minister Bui Thanh Son (L) and Cambodian Deputy Prime Minister and Foreign Minister … [Read more...] about FM meets Cambodian, Philippine, Malaysian counterparts

During the talks, Deputy Prime Minister and Foreign Minister Pham Binh Minh lauded Vietnam visit of Marise Payne following her reappointment as Minister for Foreign Affairs cum Minister for Women of Australia, saying that it proves the Australian government’s appreciation for Vietnam and substantial ties between the two nations. Deputy PM Minh thanked the Pacific country for maintaining the supply of development assistance to Vietnam, saying that it has been used effectively, contributing to Vietnam’s socio-economic development. For her part, Ms. Payne affirmed that Australia considers Vietnam one of its key partners in Southeast Asia and wants to further promote the bilateral relations and cooperation in both bilateral and multilateral frameworks. The two sides agreed to facilitate high-level visits in the coming time, effectively uphold 19 bilateral cooperation mechanisms, especially annual meetings between the two defense and foreign ministers, and hold the first … [Read more...] about Australia considers Vietnam a key partner in the region: Australian Foreign Minister

Accordingly, Vietnam’s exports to other Asian countries reached USD 177.26 billion in 2022, up 9.5% year-on-year. The country’s imports from other Asian nations hit USD 298.03 billion, up 9.6%. Vietnam saw a trade deficit with only Asia among the five continents. Major trade partners of Vietnam in Asia include China, the Republic of Korea, Japan, and the Association of Southeast Asian Nations (ASEAN). According to preliminary statistics of the General Department of Customs, Vietnam's total import-export value of goods reached USD 730.2 billion last year, up 9.1% compared to 2021. The value of imports and exports between Vietnam and Americas, Europe, Oceania, and Africa was USD 153.73 billion (up 10.5%), USD 75.45 billion (up 2.8%), USD 17.62 billion (up 24.3%) and 8.1 billion (down 3.9%) respectively. Source: VNA … [Read more...] about Vietnam – Asia trade reaches nearly USD 475.3 billion in 2022

A vessel of the Vietnam Coast Guard. The country's defence industry has built many modern multi-purpose vessels highly valued by international experts. (Source: People's Army Newspaper) Hanoi (VNA) – Minister of National Defence Gen. Phan Van Giang chaired a meeting with the General Department of Defence Industry on February 3, asking for effective implementation of cooperation agreements on the field with other countries. This is among the tasks set by Minister Giang, who is also a Politburo member and Vice Secretary of the Central Military Commission, for the general department in 2023. He requested it coordinate closely with agencies and units within and outside the army to develop and manufacture products that effectively serve both the national economy and military - defence duties, boost digital transformation, build brands for products and businesses of the defence industry, strengthen partnerships with international partners, and fruitfully hold trade promotion … [Read more...] about Minister requests fruitful cooperation in defence industry with other countries

The event was a turning point for the country, ending a crisis in orientations for national salvation and leadership of the patriotic movement of Vietnam in the early 20th century. The moment also became the starting point for the victory of Vietnamese revolution and the growth of the nation in the following periods. With sound policies, the CPV strongly inspired and revived aspirations for national liberation among the Vietnamese people. Only 15 years following the Party revolutionary path, Vietnam had made a great miracle – the success of the August Revolution in 1945, smashing the colonial-feudal rule, establishing the Democratic Republic of Vietnam, and bringing the nation into the era of independence and freedom. On September 2, 1945, at Ba Dinh Square in Hanoi, President Ho Chi Minh read the Declaration of Independence, giving birth to the Democratic Republic of Vietnam. A new era opened for the nation, the most glorious era in the national history – the Ho Chi Minh era. … [Read more...] about Communist Party of Vietnam – leader, companion of nation

Vietnam remained the third largest seafood supplier to the Republic of Korea (RoK) last year with the country’s seafood market share as part of the RoK’s total imports reaching 10.2%, according to statistics released by the Korea Customs Service. Last year witnessed Vietnam spend US$6.47 billion on importing 1,595 million tonnes of seafood from 109 markets, duly representing a rise of 3.9% in volume and 12.7% in value compared to 2021’s figures. Vietnam remained the third largest seafood supplier to the Republic of Korea last year The RoK mainly increased seafood imports from Russia and Vietnam, while reducing seafood imports from markets such as Norway, the United States, and Peru. Vietnam was the third largest seafood supplier to RoK last year with 161,900 tonnes worth US$915.8 million, up 3.6% in volume and 15.3% in value compared to 2021. In the first half of the year, the RoK’s seafood imports are anticipated to continue slowing following the trend in the … [Read more...] about Vietnam remains third largest seafood supplier to RoK

Raising fishermen's awareness on IUU fishing (Photo: VNA) Kien Giang (VNA) – The southern coastal province of Kien Giang province is focusing on combating illegal, unreported and unregulated (IUU) fishing in 180 days, from December 2022 to May 2023, to contribute to the country’s efforts to have the European Commission (EC)’s on Vietnamese seafood removed. Vice Chairman of the provincial People's Committee Le Quoc Anh said that Kien Giang has concertedly and effectively implemented legal regulations on fisheries; paid attention to addressing shortcomings and limitations as recommended by the EC, and managing the sustainable exploitation and development of the fishery sector for the benefits of its people, thus contributing to enhancing the position, image and international responsibility of Vietnam in the implementation of international commitments and treaties in protecting the marine environment and ecosystems, and ensuring national defence and security, sovereignty … [Read more...] about Kien Giang implements 180-day IUU fishing combat drive