Vietnam is a huge trading nation with exports in excess of US$355 billion in 2023. With this in mind, trade news has become an important part of local news media content. This section monitors Vietnam trade news including imports, exports, key policies, and regulatory changes.

Vietnam coffee exports up 5.5 percent August over July

the-shiv September 15, 2024

Vietnam’s coffee exports climbed by 5.5 percent in August over July from US$381.2 million to US$402.2 million. Vietnam’s coffee exports for the year now stand at US$4 billion which is an increase 35.6 percent over the same period last year. That said, Vietnam has seen a decline in the volume of coffee exports of 12.1 percent year-on-year.

Vietnam imports reach US$33.7 billion in August, down .4 percent vs July

the-shiv September 12, 2024

Of note, Vietnam’s role in manufacturing supply chains is mostly in the final stages of assembly and packaging which is often performed using imported parts and components. The slight fall in imports month-on-month could therefore be indicative of a future decline in exports. That said, it is only data from one month–July’s imports were up 11.2 percent over June and one data point does not a pattern make. That said, it may still be worth keeping an eye on…

Vietnam steel pipes and tubes to face dumping duties in India

the-shiv September 12, 2024

Of note, India also initiated an anti-dumping probe, at the request of the Indian Steel Association, back in August, into hot rolled coiled-steel from Vietnam. With this in mind, this latest piece of news may be an augur of things to come for Vietnam’s steel industry…

Vietnam exports reach US$37.8 billion in August, up 4.3 percent vs July

the-shiv September 12, 2024

This data sita along side an increase in Vietnam’s Industrial Production Index of 2 percent in August over July and a Purchasing Managers’ Index in a growth phase for the fifth month in a row, speaks to further improvement in Vietnam’s manufacturing and processing industry after a challenging 2023…

Vietnam Exports Tracker: August Update [data set]

the-shiv September 11, 2024

Vietnam’s exports hit US$37.8 billion in August bringing the country’s total exports for the year to US$265.4 billion, an increase over 2023 of 15.9 percent. This growth was buoyed by double-digit increases in exports of computers, electrical products, spare-parts and components thereof; as well as high single digit growth in textiles and garments and wood and wooden products.

Vietnam Imports Tracker: August Update [data set]

the-shiv September 11, 2024

Vietnam’s imports hit US$33.7 billion in August bringing the country’s total imports for the year to US$246.9 billion, an increase over 2023 of 18.1 percent. This growth has been buoyed in arge part by increases in imports of machine, equipment, tools and instruments; fabrics; and plastics.

Cheap meat imports continue to create discontent in Vietnam

the-shiv September 3, 2024

Cheap imported meats have become an increasing concern among local meat producers with similar articles appearing in state media every other week. This narrative is largely growing in prominence on the back of a number of free trade agreements Vietnam has signed on to that are bringing down import tariffs on meat products. This has further been exacerbated by challenges in the local meat industry, particularly repeated outbreaks of African Swine Fever…

Japan’s Toyo Solar limits Vietnam solar panel production on trade investigation

the-shiv August 30, 2024

Japan’s Toyo Solar is reducing its solar panel output at its Vietnam-base affiliate Vietnam Sunergy from 2.5 gigawatts this year to just 1.9 in response to a US trade investigation into solar panels from Vietnam, the company has said in a press release. The company goes on to say that it will wait for preliminary investigation results before making further moves…

US announces September Vietnam trade mission to boost agricultural exports

the-shiv August 29, 2024

Of note, the US was slated to benefit from a range of tariff reductions on agricultural goods in Vietnam as part of the Trans-Pacific Partnership agreement. It was, however, withdrawn by the Trump administration. This has put US agricultural producers on the back foot compared to other major agricultural producers like Australia and Canada in the Vietnam market…

Slew of new US trade remedies cases announced against Vietnam exports

the-shiv August 22, 2024

This comes amid an increasing number of Chinese firms relocating at least part of their production south of the border in order to circumvent antidumping and countervailing duties in other parts of the world. That’s not to say, Vietnam is not-subsidising its own industries, with the US DOC finding earlier this year that government intervention in the market is beyond what is acceptable for it to be considered a market economy.

Taiwan launches antidumping investigation into Vietnam cement

the-shiv August 17, 2024

In the first seven months of 2024, Vietnam exported 18,227,814 tons of cement and clinker worth US$669.2 million. This was a decline of 13.3 percent over the same period in 2023. To Taiwan specifically, it exported 891,050 tons worth US$32,125,934, according to data from Vietnam’s General Department of Customs.

US critical circumstances allegations filed re: solar cells from Vietnam, Thailand

the-shiv August 16, 2024

Essentially, it’s being alleged that firms in Vietnam and Thailand have increased the speed at which they export solar cells to the United States in order to avoid possible future antidumping and countervailing duties. This comes after an investigation was announced earlier this year into some solar imports from Southeast Asia.

Commerce’s Findings from Vietnam’s Non-Market Economy Review: Unpacked

the-shiv August 8, 2024

Last week, the United States Department of Commerce–the DOC–rejected Vietnam’s application to have its status as a non-market economy overturned. This came after a months-long review including thousands of pages of evidence and arguments, from both Vietnam and the United States, culminating in not just the aforementioned adverse findings but also a 284-page memorandum explaining the decision. This article breaks down the key points in said document.

Costa Rica recognises Vietnam as a market economy even if US doesn’t

the-shiv August 7, 2024

Of note, trade between Vietnam and Costa Rica is relatively small. So far this year, the Central American nation has not featured in Vietnam’s customs data. That said, state media has been pushing the number of countries that consider Vietnam a market economy as a key reason why it should be upgraded by the US. With this in mind, it’s likely there will be many more announcements like this from smaller countries…

How to Export Coffee from Vietnam: Ultimate Guide 2024

the-shiv August 6, 2024

Vietnam is among the world’s biggest coffee exporters. In 2022, Vietnam exported coffee to the tune of 1.78 million tons second in volume only to Brazil. This brought the burgeoning Southeast Asian nation either US$3.2 billion or US$4 billion, depending on who you ask. Either way, it’s a huge amount

How African Swine Fever is Reshaping Vietnam’s Pork Market

Mark Barnes August 5, 2024

Vietnam has a bad case of African Swine Fever that it just can’t seem to shake. This is fundamentally reshaping Vietnam’s pork market, which has seen a huge increase in pork imports in recent years. This article looks at how this all started, what’s happening now, and what might happen next.

EU standards warnings on Vietnam produce exports jump

the-shiv August 4, 2024

This jump is in line with increased trade between the EU and Vietnam on the back of the European Union Vietnam Free Trade Agreement, commonly known as the EVFTA. Bu thought this agreement may have seen trade soar between the two partners it has also been somewhat challenging for Vietnam to implement. This is not just because of strict phytosanitary measures on produce entering the EU but a number of other stipulations in the agreement, particularly around workers rights.

Vietnam responds to Commerce finding on non-market economy review

the-shiv August 3, 2024

“If the US Department of Commerce had reviewed the records and practices in Vietnam objectively and fairly, it would have been able to acknowledge the fact that Vietnam is a market economy,” Vietnam’s Ministry of Industry and Trade has said in a statement.

How is the EVFTA Working Out for Vietnam?

Mark Barnes July 29, 2024

On Thursday, Vietnam and the European Union will mark the fourth anniversary of the European Union Vietnam Free Trade Agreement or the EVFTA for short. This agreement has brought down tariff barriers and boosted trade but it hasn’t been without its challenges, some of which still persist. This article looks at how this landmark agreement has been implemented, the challenges it has faced, and the challenges it still faces…

Perks of CPTPP one step closer for UK with Vietnam ratification

the-shiv June 26, 2024

Notably, Vietnam and the UK already have the UK Vietnam Free Trade Agreement which is almost identical to the European Vietnam Free Trade Agreement. In this light, the CPTPP will not make a huge difference to bilateral trade between the two countries. That said, there will be a few additional advantages including…