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.

UK-Vietnam trade growth slows due to UK trade policy changes

the-shiv October 31, 2023

Vietnam’s exports to the United Kingdom this year have stagnated as a result of the UK signing onto the Developing Countries Trading Scheme (DCTS) and more free trade agreements, Vietnam Plus is reporting. This is creating more competition among the UK’s suppliers and giving UK importers more options, which is

US to officially review Vietnam’s non-market economy status

the-shiv October 31, 2023

The US Department of Commerce has announced it will officially review Vietnam’s status as a non-market economy for the purposes of anti-dumping measures, according to the Federal Register. This will be done in the context of anti-dumping measures applied to raw honey from Vietnam and is in response to an

EU firms benefitting more than local firms from EVFTA

the-shiv October 10, 2023

VN Express is carrying coverage of a government report on outcomes from the EVFTA, that has found an increase in Vietnam’s trade surplus with the bloc of 35 percent over 2021. It does, however, also point out that the bulk of that trade is being driven by European firms rather

Vietnam’s coffee exports well down in September year-on-year on higher coffee prices

the-shiv October 5, 2023

Vietnam exported 32.7 percent less coffee in September this year compared to September last year, but the total value of said exports, US$205 million, was just 12.8 percent lower, VOV is reporting. Indeed, it was reported a few weeks ago that with sky-high coffee prices, traders had sold most of

Vietnam coffee at record high export prices, but supplies running out

the-shiv September 20, 2023

Vietnamese coffee has reached a record export high-price US$3,054 per ton, according to Vietnamnet. The publication is also reporting, however, that traders are running out of coffee to export and estimates a decline of 10 to 15 percent in output on unfavourable weather (no timeframe given). See also: How to

Big gap in exports between domestic and foreign invested firms

the-shiv September 16, 2023

This infographic from Tuoi Tre compares the exports of foreign invested enterprises to domestic firms, and there is a big difference. Foreign invested enterprises export almost three times more in terms of dollar value than local firms. What to watch: There is clearly an over dependence on foreign firms in

Savings interest rates are headed toward record lows

the-shiv September 14, 2023

Savings rates at Vietcombank and Agribank have been reduced to 5.5 percent, which is the same as the record-low they hit during COVID-19, according to VN Express. Why it matters: The banking sector has been on a wild ride over the last year as the pulleys and levers designed to

Vietnam pushes US to remove non-market economy designation

the-shiv September 13, 2023

During the US President’s visit to Hanoi, the Chairman of the National Assembly, Vuong Dinh Hue, requested the US revisit its designation of Vietnam as a non-market economy, VN Economy is reporting. For context: When assessing anti-dumping disputes with non-market economies, the US Commerce Department, per WTO rules, often uses

What Vietnamese businesses want from President Biden’s Hanoi stopover

the-shiv September 10, 2023

VN Express is covering what Vietnamese businesses are looking for from US President Joe Biden’s trip to Hanoi. Key takeaways: Eds note: Whereas the geopolitics of Biden’s visit to Hanoi are well documented, in Vietnam there seems to be little interest. The focus domestically is on trade with the United

Australia is chasing stronger ties with Vietnam

the-shiv September 8, 2023

Australia wants a comprehensive strategic partnership with Vietnam, an upgrade from the current strategic partnership, according to VN Express. Vietnam and Australia have drawn much closer in recent years as trade friction with China has seen the land downunder look for alternative markets for its products. Cotton exports from Australia

Calls for US-Vietnam free trade agreement

the-shiv September 6, 2023

Business Forum Magazine is carrying comments from economist David Dapice, who’s calling for a free trade deal between the US and Vietnam. Notably, the US was slated to be a member of the Trans-Pacific Partnership agreement of which Vietnam is a part, but the world’s biggest economy pulled out under