Vietnam exports

Steel production at Thai Nguyen Iron and Steel Corporation. (Photo: VNA) Hanoi (VNA) - Vietnam exported 3.44 million tonnes of steel and iron worth 2.24 billion USD in the first half of this year, up 21 percent in volume and 4 percent in value from the same period last year. The country mainly shipped steel and iron to the markets of the Association of Southeast Asian Nations (ASEAN), the United States (US) and the European Union (EU). In the ASEAN bloc, Cambodia was the largest importer of Vietnamese steel and iron during the January-June period with 882,000 tonnes, valued at 527.7 million USD, 48.2 percent higher in volume and 37.5 percent higher in value from the first half of last year. It was followed by Indonesia with 366,000 tonnes worth 245.3 million USD and Malaysia with 373,700 tonnes worth 230.7 million USD. Vietnam recorded significant growth in exports to China, Brazil, Japan, Saudi Arabia, Pakistan and the Philippines. In contrast, the … [Read more...] about Vietnam exports 2.24 billion USD worth of steel and iron in H1

Illustrative image (Source: VNA)   Hanoi (VNA) – Vietnam’s export-import value topped 480 billion USD in 2018, up 11.1 percent year-on-year, said deputy head of the Ministry of Industry and Trade (MoIT)’s Export-Import Agency Tran Thanh Hai. Hai, who is also Vice Chairman of the Editorial Board of the Vietnam Export-Import Report, made the statement during a ceremony recently held in Hanoi to announce the 2018 report. Of the figure, export value hit 243.5 billion USD, up 13.2 percent, surpassing the target set by the National Assembly and Government, bringing the trade surplus up to nearly 6.8 billion USD. The maintenance of high export growth and a trade surplus amid complicated developments in the region and the world as well as increasing protectionism has contributed to improving foreign exchange reserve and stabilising other macro-economic indexes, proving the substantial efforts of the Government and businesses, the report said. According to … [Read more...] about Vietnam Export-Import Report 2018 announced

Steel and steel products are among Vietnam's major exports to Laos. (Photo: VNA) Hanoi (VNA) – Vietnam exported 97.4 million USD worth of goods to the neighbouring country of Laos in the first two months of 2019, a rise of 20.26 percent against the same period last year, according to the industrial and commercial information centre under the Ministry of Industry and Trade. The country’s major exports to Laos are oil and gas, steel and steel products, and means of transport, which, together, accounted for 40.84 percent of the total number, with 12.8 million USD coming from oil and gas. Trade turnover between Vietnam and Laos exceeded 1 billion USD in 2018, up 14 percent year-on-year, the centre said. Vietnam is Laos’ third largest trade partner, after Thailand and China. The Lao Government is gradually removing complex administrative regulations and procedures, reducing timing required for corporate establishment, cutting tax and upgrading infrastructure. The … [Read more...] about Vietnam exports 97.4 million USD of goods to Laos in Jan-Feb

Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam exported more than 1.8 million tonnes of coffee worth some 3.54 billion USD in 2018, year-on-year rises of 20 percent and 1.2 percent respectively. The average export price of coffee reached 1,883 USD per tonne, down 15.7 percent versus 2017. The Ministry of Industry and Trade forecasts Vietnam will face difficulties in exporting coffee in the first half of 2019 due to low global prices and declining domestic coffee output. According to the Vietnam Coffee – Cocoa Association, Vietnam’s coffee output in the 2018 crop declined by about a fifth due to the impact of climate change and conversion to growing more high-yield crops.-VNA … [Read more...] about Vietnam exports 3.5 billion USD worth of coffee in 2018