Import export vietnam

Vietnam is willing to hold trade talks with the United States to timely solve arising problems regarding a U.S. anti-circumvention investigation into steel pipe products imported from the Southeast Asian country. Le Thi Thu Hang, spokesperson of the Vietnamese Ministry of Foreign Affairs, made the statement at a regular press briefing in Hanoi on Thursday following reports that the U.S. officially initiated an investigation into the case. Hang affirmed that the Vietnam-U.S. comprehensive partnership has witnessed progress in all fields in recent times, including in economy, trade, and investment. Vietnam is the leading trade partner of the U.S. in Southeast Asia, while the U.S. is the second-largest trade partner of Vietnam, with two-way trade turnover exceeding US$110 billion in 2021. “Vietnam advocates promoting economic, trade, and investment cooperation with the U.S. on the basis of freedom, fairness, and mutual benefits in accordance with bilateral agreements and … [Read more...] about Vietnam ready for talks with US on tax evasion investigation into Vietnamese steel pipes

In July, the growth rate of seafood exports continued to slow down to 14% on the year, earning 970 USD million. (Photo baodautu.vn) Hanoi (VNS/VNA) - Vietnam's seafood export value is expected to slow growth to 3 billion USD in the third quarter due to a lack of raw materials and disadvantages in the market in the second half. At the beginning of the year, farmers released shrimp due to the forecast that the weather would not be too cold. They have expected to early harvest raw shrimp . However, diseases and the quality of shrimp seeds have affected farming results. According to Ho Quoc Luc, former chairman of the Vietnam Association of Seafood Exporters and Producers ( VASEP ) and also chairman of the Sao Ta Foods Joint Stock Company (FIMEX), there are three reasons for the shortage of raw shrimp, including disease, quality of shrimp varieties and water source. By the end of this year, the supply of raw shrimp will not be abundant, and prices will remain high, … [Read more...] about Seafood exports expected to reach 3 billion USD in Q3

Maciej Duszynski, Chargé d'Affaires a.i of the Polish Embassy, highlighted the growing trade and investment cooperation between the E.U. and Vietnam, saying the E.U. has remained Vietnam’s second largest importer and Vietnam is now the E.U.’s major trade partner. Thanks to that, the long-standing Vietnam-Poland relations have grown constantly in all areas, including the trade of agricultural products and food, he said, taking note of discussions on this issue held by leaders of ministries and agencies from the two sides. The Government of Poland is paying great attention to expanding export portfolios to Vietnam, with final steps being undertaken for the shipment of beef products and blueberries to the Southeast Asian country. Piotr Harasimowicz, Chief Representative Officer of the Polish Investment and Trade Agency in Ho Chi Minh City, said Vietnam has a favorable location in an Asian vibrant market region, and developed infrastructure for trade expansion. Vietnam is also an … [Read more...] about Vietnam, Poland want to step up food trade

The initial seven months of the year saw two-way trade turnover between the nation and Laos reach nearly US$949 million, a rise of 24.2% over the same period from last year, according to data compiled by the Vietnam Trade Office in Laos. With 8 pairs of international border gates, economic exchange activities as well as travel, imports and exports between Vietnam and Laos are said to be very favorable. This increase can be put down to the country’s growing goods exports to Laos, reaching roughly US$586 million, up 48.2%, as the import of goods from Laos to the nation only hit US$363 million, a fall of 1.6%. With 8 pairs of international border gates, economic exchange activities as well as travel, imports and exports between Vietnam and Laos are said to be very favorable. Vietnamese export staples to the Laotian market include gasoline and oil, up 297.2%, vegetables and fruits, up 96.6%; fertilizers of all kinds, up 67.8%; clinker and cement, up 32.4%; electric … [Read more...] about Vietnam-Laos trade turnover in full swing over seven-month period

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

At the end of July, Samsung Electronics announced the first shipment of 3-nanometer semiconductors, the first of its kind worldwide. The move marks an important milestone in the race to develop the most advanced and efficient chip in the market. Tungsten riches not yet in grip of giants, illustration photo/ freepik.com The advancement in the sophisticated chipmaking technology, which helped Samsung beat foundry rival TSMC of Taiwan, is expected to bring the group more customers looking for powerful chips that enable smaller, faster, and more efficient technology products. TSMC and Samsung have been engaged in intense competition to overtake each other by introducing the most cutting-edge and effective chips to the market and gaining clients for contract chip manufacturing. In the first quarter of this year, the worldwide foundry market was dominated by TSMC with 53.5 per cent of the market share, followed by Samsung with 16.3 per cent, according to industry tracker … [Read more...] about Tungsten riches not yet in grip of giants

Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 12. – Deputy Minister of National Defence Sen. Lt. Gen. Hoang Xuan Chien received UN Resident Coordinator in Vietnam Pauline Tamesis in Hanoi on August 12, saying that Vietnam will take part in UN peacekeeping operations more extensively in the time ahead. Chien appreciated the cooperation and assistance from the UN and its agencies in Vietnam, especially the UN Resident Coordinator Office, when the country served as the ASEAN Chair in 2020 and a non-permanent member of the UN Security Council during 2020 - 2021. Read full story – The National Assembly of People's Power of Cuba has received 750 tablets, two servers and two printers as gifts from the Vietnamese counterpart. Speaking at the handover ceremony held on August 11 in Havana, Vietnamese Ambassador to Cuba Le Thanh Tung said the equipment is intended to help the Cuban legislature improve its operational … [Read more...] about ☕ Afternoon briefing on August 12

Cao Son Coal, the company with the largest mining output in Vietnam, on July 19 announced to improve and expand the capacity of the Cao Son coal mine in Cam Pha in the northeastern province of Quang Ninh, to meet high production requirements. Coal mining companies are increasing output to deal with power generation shortages, Le Toan The mine has total reserves of almost 52 million tonnes, with a designed capacity of about 4.5 million tonnes per year. By upgrading the reserves, Cao Son’s coal mine is expected to complete a record high mining output of 6.78 million tonnes in 2022. Phan Quoc Viet, director of Cao Son Coal, said, “We have mobilised equipment to maximise the exploitation of raw coal at the Cao Son mine. In 2021, we achieved a mining output of over 6.4 million tonnes.” Many miners feel that Cao Son Coal’s plan to increase output faces many challenges, especially considering the increasingly difficult and complex open-pit mining conditions. Similar to … [Read more...] about Power shortage worries increase hunger for coal

At the event entitled Hanoi-Vientiane (Laos) Cooperation for Mutual Development, businesses from the two sides agreed to boost cooperation in manufacturing investment, tourism, transport, hotels, agriculture, and high-tech agriculture. Director of Hanoi Centre for Investment , Trade, and Tourism Promotion (HPA) Nguyen Anh Duong said that the centre will organise programmes in Vientiane to create opportunities for businesses from the two countries to increase investment cooperation and tourism promotion. At the conference in Hanoi on August 10 According to the Hanoi Department of Planning and Investment, in the first six months of 2022, Hanoi’s export turnover to Laos reached $74.8 million and the import value hit $98.3 million. The HPA will organise programmes in Vientiane to create opportunities for businesses from the two countries to increase investment cooperation and tourism promotion. The exhibition highlighting the solidarity and … [Read more...] about Hanoi and Vientiane seek to strengthen cooperation

Turning waste into exports The Thanh Tung One Member Company cooperated with the German Evergreen Social Ventures Company to franchise the technology of pressing plastic waste into plastic boards using ReForm Plastic heating principle, which transforms low-value plastics into boards for various uses, including furniture. A company representative said that previously, industrial plastic waste such as shoe sole scraps and synthetic industrial plastics were all treated by incineration. These days, the waste is classified, chopped and washed, mixed, pressed, shaped into sheets, then cut to suitable sizes. Analysis and testing results show that the plastic plywood products meet durability standards and are safe for users’ health and the environment, he said. The first plastic plywood shipment was exported to Scotland Because it is produced from low-value plastic, Thanh Tung's products are cheaper than other plywood plastic boards. Currently, the company produces on … [Read more...] about Creating life cycle for plastic waste