Vietnam FDI sector posts $12.57 bln trade surplus in Q1

Vietnam FDI sector posts $12.57 bln trade surplus in Q1

Foreign-invested enterprises in Vietnam recorded a trade surplus of $12.57 billion in the first quarter of 2024, with crude oil activities factored into account, the General Statistics Office reported Friday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia to import additional 1.6 mln tonnes of rice

Indonesia to import additional 1.6 mln tonnes of rice

Indonesia’s National Food Agency (Bapanas) announced that the government is preparing to import an additional 1.6 million tonnes of rice to fill the government's rice reserves managed by the national logistic agency (Bulog).

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Don't rejoice too early at January’s big trade surplus: economist

Don't rejoice too early at January’s big trade surplus: economist

Vietnam should not consider its January trade surplus of $2.92 billion as a big achievement, but instead look at the sharp decrease in imports as a cause for concern, said Dr. Vo Tri Thanh, director of the Institute for Brand and Competitiveness Strategy.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam FDI sector posts $1.57 bln first fortnight trade surplus

Vietnam FDI sector posts $1.57 bln first fortnight trade surplus

Foreign-invested enterprises in Vietnam recorded a trade surplus of $1.57 billion in the year to January 15, including crude oil, the General Statistics Office (GSO) reported Monday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US denies 1,197 shipments from Vietnam due to Uyghur Forced Labor Prevention Act

US denies 1,197 shipments from Vietnam due to Uyghur Forced Labor Prevention Act

The U.S. has denied 1,197 shipments worth $220.3 million from Vietnam from June 2022 to November 2023 due to the Uyghur Forced Labor Prevention Act (UFLPA), according to the U.S. Customs and Border Protection (CBP).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PM calls for early negotiations on Vietnam-Turkey free trade deal

PM calls for early negotiations on Vietnam-Turkey free trade deal

Prime Minister Pham Minh Chinh called for early negotiations on a Vietnam-Turkey free trade agreement (FTA) at a Wednesday meeting with Turkish Minister of Trade Omer Bolat in Ankara.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US processing Vietnam request for market economy status review

US processing Vietnam request for market economy status review

The U.S. Department of Commerce (DOC) is processing Vietnam’s request that its non-market economy status be reviewed.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s Jan-Sep trade surplus triples to $21.6 bln: customs authorities

Vietnam’s Jan-Sep trade surplus triples to $21.6 bln: customs authorities

Vietnam posted a goods trade surplus of $21.64 billion in nine months through September, tripling the $6.9 billion recorded in the same period last year, customs data shows.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam Customs seeks digitalization support from Intel, Microsoft

Vietnam Customs seeks digitalization support from Intel, Microsoft

Vietnam Customs is looking to cooperate with tech giants Intel and Microsoft in its digitalization process, which aims to enhance application and processing of trade procedures.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam FDI sector posts $37.9 bln trade surplus in 9 months

Vietnam FDI sector posts $37.9 bln trade surplus in 9 months

Foreign-invested enterprises in Vietnam recorded a Jan-Sept trade surplus of $37.94 billion with an export of turnover of $343.68 billion, including crude oil.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam firms anticipate robust export opportunities from President Biden's visit

Vietnam firms anticipate robust export opportunities from President Biden's visit

Vietnam's wood, farm produce and other products are waiting for opportunities to expand their exports to the U.S. after President Biden's visit.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s FDI sector posts $34 bln trade surplus in 8 months

Vietnam’s FDI sector posts $34 bln trade surplus in 8 months

Foreign-invested enterprises (FIEs) in Vietnam recorded a trade turnover of $301.36 billion, including crude oil, resulting in a trade surplus of $34.21 billion in the first eight months of this year.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam slaps anti-dumping tax on sugar imports from some Thai firms

Vietnam slaps anti-dumping tax on sugar imports from some Thai firms

Vietnam has decided to impose an anti-dumping levy from 25.73% to 32.75% on cane sugar imported from some major Thai producers until 2026.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s July industrial production up 3.9% against June

Vietnam’s July industrial production up 3.9% against June

Vietnam’s index of industrial production (IIP) increased by 3.9% in July over the previous month and by 3.7% year-on-year, the General Statistics Office announced Saturday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam FDI sector posts $27.8 bln trade surplus in Jan-July

Vietnam FDI sector posts $27.8 bln trade surplus in Jan-July

Foreign-invested enterprises in Vietnam recorded a trade turnover of $258.63 billion, including crude oil, resulting in a trade surplus of $27.83 billion in the first seven months of this year.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Israel sign free trade pact after 7 years of negotiations

Vietnam, Israel sign free trade pact after 7 years of negotiations

Vietnam and Israel inked their free trade agreement (FTA) in Jerusalem on Tuesday, expecting two-way trade to reach $3 billion in 2024 or 2025.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam agri firm lands $100 mln trade facility from foreign lenders

Vietnam agri firm lands $100 mln trade facility from foreign lenders

TTC AgriS, a leading agribusiness firm in Vietnam, has obtained a $100 million trade facility from foreign lenders, adding to a $40 million finance facility acquired in June.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam approves $11.4 bln fuel storage development plan

Vietnam approves $11.4 bln fuel storage development plan

The Vietnamese government has approved a master plan to develop the national oil and gas storage system by 2030 with an estimated investment of VND270 trillion ($11.42 billion).

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major institutions, firms team up to promote clean energy in SE Asia

Major institutions, firms team up to promote clean energy in SE Asia

Southeast Asia’s development of renewable energy generation and transmission, of which Vietnam will be both a buyer and seller, is gathering more forces to advance.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam receives first LNG cargo, prepares terminal test run

Vietnam receives first LNG cargo, prepares terminal test run

Vietnam's first cargo of liquefied natural gas (LNG) was pumped into the Thi Vai LNG Terminal Monday, marking a milestone in the country’s clean energy transition.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

UOB cuts Vietnam 2023 growth forecast down to 5.2%

UOB cuts Vietnam 2023 growth forecast down to 5.2%

Singapore’s United Overseas Bank (UOB) has revised down its 2023 growth projection for Vietnam to 5.2% in view of the challenges ahead and the first half’s 3.72% expansion year-on-year.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam FDI sector posts $22 bln H1 trade surplus

Vietnam FDI sector posts $22 bln H1 trade surplus

Foreign-invested companies in Vietnam recorded a trade turnover of $220.2 billion, including crude oil, for a trade surplus of $22.06 billion in the first half of this year, according to the General Statistics Office.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam F&B chain industry sees mixed moves from investors

Vietnam F&B chain industry sees mixed moves from investors

Investors in Vietnam's food and beverage (F&B) chains have been blowing hot and cold in recent months.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

FDI sector in Vietnam posts $18.56 bln trade surplus in Jan-May

FDI sector in Vietnam posts $18.56 bln trade surplus in Jan-May

Foreign-invested companies in Vietnam recorded a trade turnover of $183.4 billion, including crude oil, and a trade surplus of $18.56 billion in the first five months of the year.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas buys commissioning LNG cargo for Vietnam's first LNG import terminal

PV Gas buys commissioning LNG cargo for Vietnam's first LNG import terminal

Vietnam Gas Corporation (PV Gas) has signed a confirmation notice with world leading supplier Shell, whereby Shell will deliver the first LNG cargo to Vietnam, marking a significant milestone in the country's energy sector.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam reserves to increase to $95 bln by year-end: Moody’s

Vietnam reserves to increase to $95 bln by year-end: Moody’s

Vietnam’s foreign-exchange reserves excluding gold are forecast to rebound to $95 billion by the end of this year as the central bank rebuilds its stockpile, Moody’s Investor Service said.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam spends $3.5 bln on smartphone imports in 2022

Vietnam spends $3.5 bln on smartphone imports in 2022

Vietnam spent $3.5 billion on importing smartphones in 2022, with iPhones accounting for the biggest portion of $1.61 billion, or 46.05% of the total.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s manufacturing expands slightly in April

Vietnam’s manufacturing expands slightly in April

Vietnam's industrial production expanded by 0.5% year-on-year in April, but fell 1.8% in the first four months of the year amid weaker global demand, the General Statistics Office (GSO) said Saturday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Saigon Newport to build $545 mln wharves in Hai Phong

Saigon Newport to build $545 mln wharves in Hai Phong

The Prime Minister has allowed Saigon Newport Corporation, a leading port operator in Vietnam, to invest VND12.79 trillion ($545 million) in building two wharves at the Lach Huyen seaport in Hai Phong city.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Innovation, renewables, hi-tech agriculture cooperation called for Vietnam-Australia ties

Innovation, renewables, hi-tech agriculture cooperation called for Vietnam-Australia ties

Vietnam and Australia should work more closely in new areas such as innovation, renewable energy, circular and high-tech agriculture, culture, and tourism, Vietnamese Minister of Planning and Investment Nguyen Chi Dung said on Monday.

Top News - Mon, Dec 22, 2021 | 11:30 am GMT+7

FDI sector in Vietnam records $10.84 bln trade surplus in Q1

FDI sector in Vietnam records $10.84 bln trade surplus in Q1

Foreign-invested companies in Vietnam recorded trade turnover of $108.98 billion, including crude oil, and trade surplus of $10.84 billion in the first quarter of this year, the General Statistics Office announced Wednesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

FDI sector in Vietnam records trade surplus of $6.5 bln in Jan-Feb

FDI sector in Vietnam records trade surplus of $6.5 bln in Jan-Feb

Foreign-invested companies in Vietnam doubled their trade surplus, including crude oil, to $6.51 billion in the first two months of this year, versus $3.02 billion in the same period of 2022.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Israeli marine carrier ZIM expands shipping services in Vietnam

Israeli marine carrier ZIM expands shipping services in Vietnam

Israel's ZIM Integrated Shipping Services Ltd. and Vietnam’s Hai An Transport and Stevedoring JSC announced Friday the launch of Lotus Link, their joint venture to operate domestic shipping services in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam sixth biggest trade partner of China

Vietnam sixth biggest trade partner of China

Vietnam’s trade turnover with mainland China inched up 2.1% year-on-year to $234.92 billion in 2022 from $230.2 billion in 2021, regardless of Covid-19 and zero-Covid policy impacts, according to Chinese customs data.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam trade turnover falls 17% to $46.56 bln in Jan

Vietnam trade turnover falls 17% to $46.56 bln in Jan

Vietnam’s total import and export turnover in January reached $46.56 billion, down 25% year-on-year and 17.3% from the previous month, partly due to fewer working hours given the Lunar New Year holiday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7