vietnam's imports-exports

Update news vietnam's imports-exports

Several sectors expect to miss 2023 targets

The Vietnamese economy saw $10.8 billion from the export of timber and wood products in the first 10 months of 2023, down nearly 20 per cent on-year.

Six key commodities see exports down by over US$1 billion each

As of September, there have been six key Vietnamese commodities with export value enduring a decrease of at least US$1 billion each, according to the General Department of Vietnam Customs.

Businesses moan about sharp fall in export orders

Textile, footwear, and wooden furniture businesses moaned about a sharp fall in export orders.

Plunge in Vietnam’s exports bottoms out

The US is Vietnam’s biggest export market, accounting for about one-quarter of its total exports, but its exports to the market fell by more than 20 per cent yoy in the first seven months.

VN enterprises expect orders in remaining months of 2023

Although difficulties remained, enterprises expect to see slight improvements in orders in the coming months, pinning hopes on easing inflationary pressure for a better year in 2024.

Global risks leaving export target on edge

Dwindling demands in the global market are posing challenges for Vietnam to meet its considerable export target for this year.

Positive offsets found amid downbeat sentiment

Vietnam’s export landscape continues to regain momentum on account of gradually recovering demands, but risks are still looming.

Vietnam’s foreign trade sector struggles as global demand weakens

Vietnam’s export sector has encountered a significant slowdown in 2023, with both exports and imports falling at a double-digit rate in January-July, reported the Ministry of Industry and Trade.

Online exports expected to be economic growth driver

Online exports are seen as a “launchpad” that helps businesses maintain sustainable revenue and increase exports in the context of rising inflation and consumers tightening their spending, according to insiders.

Vietnam’s exports to hit US$618 billion by 2030 at 7 per cent annual growth

Vietnam will be a key driver of global trade growth, with its exports projected to reach US$618 billion by 2030, an annual growth rate of 7 per cent, outpacing the global average of 5 per cent by a significant 2 percentage points.

Vietnam posts trade surplus of 9.8 billion USD in five months

Vietnam’s import-export value in the first five months of this year was estimated at 262.54 billion USD, down 14.7% year-on-year, with a trade surplus of 9.8 billion USD, the General Statistics Office (GSO) announced on May 29.

US$1.6 billion spent to import iPhones in 2022

Last year over 3.5 billion USD was spent importing CBU (completely built unit) mobile phones in Vietnam, with 1.6 billion USD for iPhones alone.

Vietnam enjoys US$6.35 bln trade surplus in four months

Vietnam produced a trade surplus of US$6.35 billion in the first four months of the year, announced the General Statistics Office (GSO) on April 29.

Hanoi ranks among top 10 in exports in 2022: report

Hanoi was named among the country’s top 10 localities in exports in 2022 in the latest annual report on imports and exports unveiled by the Ministry of Industry and Trae (MoIT) on April 27.

Companies compete for leading position at MXV

The MXV Index has at times witnessed a sharp fall of 10 percent compared with late last year.

Vietnam's exports face plenty of challenges in year ahead

Inflation is still high in many countries, leading to the trend of monetary tightening and interest rates which are expected to continue to increase in the first half of the year.

Vietnam spends $2.72 billion to import seafood, foreign crab floods market

Imported seafood is no longer the food of the rich. Vietnamese are consuming more seafood from Japan, Australia, South Korea and Canada.

Vietnam posts trade surplus of US$3.6 billion in January

Despite decreases in both imports and exports, the country still enjoyed a trade surplus of 3.6 billion USD in the first month of 2023, according to the General Statistics Office (GSO).

WTO names Vietnam among 30 largest commodity import-export economies

Vietnam has been continuously listed among the group of 30 countries and territories with the largest import and export value on a global scale, according to the rankings compiled by the World Trade Organization (WTO).

Vietnam posts US$10.6 billion trade surplus in Jan-Nov

The country’s exports amounted to US$342.2 billion while its import spending totaled US$331.6 billion between January and November, generating a trade surplus of US$10.6 billion, according to the General Statistics Office of Vietnam.