The official launching of terminals marks Hai Phong Port’s regional leading ability in port operations and reaffirms Hai Phong Port JSC’s key role in the North. Once HTIT is fully operational, Hai Phong Port’s market share in container cargo in the region is expected to reach 40%, and 60% for non-container cargo in the Hai Phong area.
The European-American Market Department under the Ministry of Industry and Trade (MoIT) will continue keeping a close watch on the situation and policy changes in countries in the region, while intensifying policy and market research and exploring opportunities to boost economic - trade cooperation between Vietnam and the nations.
Strategies to help small and medium-sized enterprises (SMEs) strengthen import-export activities was the focal point of discussions at a workshop held in the northern province of Hung Yen on November 15,
Revenue from import-export activities hit 578 billion USD in the first nine months of 2024, a rise of over 16% year on year, according to the General Statistics Office (GSO).
State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported.
Authorities in border gates in the northern province of Lang Son have applied various measures to prevent congestions in the gates amid increasing volume of vehicles carrying import-export products.
Total state budget revenue from import-export activities reached almost 165.7 trillion VND (nearly 6.63 billion USD) in the first five months of 2024, equivalent to 44.2% of the assigned estimate and marking 7.4% growth compared to the same period last year.
The Mekong Delta province of Kien Giang raked in more than 151 million USD from exports in the first two months, fulfilling 16.43% of the yearly target and doubling the figure of the same period last year.
Export activities bustled on the first workday after the Lunar New Year (Tet) holiday on February 15 with many batches of goods departing for foreign markets such as the US, the EU and Australia.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has created a great opportunity for Vietnam to access new markets, but Vietnamese businesses need to double their efforts to seize the opportunity before other CPTPP member countries open up broader integration, said insiders.
Vietnamese logistics firms have been advised to work harder to enhance their productivity, service quality and competitiveness amid current difficulties due to global economic instability.
The national economy still faces many challenges both at home and abroad, requiring greater efforts to achieve economic growth targets for 2023, said Deputy Minister of Planning and Investment Tran Quoc Phuong.
Japan will work with the Association of Southeast Asian Nations (ASEAN) members to promote the digital processing of import-export activities in an effort to facilitate bilateral trade, Nikkei Asia reported.
Deputy Minister of Industry and Trade Phan Thi Thang and Additional Secretary of the Indian Ministry of Commerce and Industry Rajesh Agrawal co-chaired the 5th meeting of the Vietnam-India Joint Sub-Commission on Trade in New Delhi on August 8.
Through the case of the 76 containers of cashew nuts falling into problems in Italy last year and five containers of peppercorns, cashews, cinnamon and star anise in the UAE this year, it can be seen that the delivery of documents to an unauthorised person at the buyer's bank is a loophole in the international trade activities, said Tran Thanh Hai, Vice Director of the Import-Export Department under the Ministry of Industry and Trade.
State budget collection of the northern province of Quang Ninh in the first half of 2023 reached 28 trillion VND (over 1.18 billion USD), equivalent to 53% of the estimate, and up 6% compared to the scenario.
To meet the demands of domestic trading and import-export activities, the logistics sector is working towards professional and competitive services meeting international standards, in which smart logistics development is considered the key solution.
Vietnam earned 8.2 billion USD from exports to China in the first two months of 2023, posting a year-on-year increase of 4.2%, the Ministry of Industry and Trade (MoIT) has reported.
